Greetings !
Please have a look of Nifty50 Daily Chart before proceeding further, last updated 21 Jan 2019
Professional Traders: there is nothing much for them in the above chart, but for Amateur Traders there are many things to notice especially how Market moves symmetrically.
Above chart is of January 2018 to January 2019 Period – 12 Months. Important Points are marked with the help of Drawing tools.Read More »
Greetings !
Retail Traders’ most difficult task is nothing but to Identify, Choosing and Selecting a genuine Advisory. Especially, in the current context of so much conflicting information, news flow, views & market opinions doing the rounds, that to be so frequently.
For Example: Stock moves unfavourable in-spite of having favourable news flow (like Annual, Quarterly Result, long over due change in Management ‘or Govt Policies, etc).
Crude Prices moves in Opposite direction in-spite of supporting inventory or favourable OPEC Commentary or US Data Points, prevailing Geo-Political Tension across the world, etc…
And our favourite Example: Recall that Nifty did not had any negative news flow during September October 2018 period but still Market had fallen one way, non-stop 1800pts.Read More »
Greetings !
August Expiry was a conflicting Expiry in many ways for both NSE & MCX. Because,
~ Divergence – Normally, It had been seen that HANGSENG & NIFTY are highly co-related but during August Expiry it was not the case. Nifty went on to Make Life time high one after another whereas HANGSENG was under Pressure.
~ Buyers Support was clearly missing – GOLD, SILVER, ZINC, COPPER & USDINR went on to make low after low. Gave negative Surprises to the Traders who either want to BUY or already were Buyers at higher levels. None of them took support at any levels.
~ Global & Domestic News Flow was neither superly Bearish or Bullish to justify above mentioned price actions in NSE, MCX &/or FOREX Markets, rather News Flow is to be considered as mixed on any parameters.Read More »
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