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Sensex

Third Time Lucky?We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher. That may not be the case. Well so far, let's wait till end of day to draw any conclusions. There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open for one day on Monday before the next public holiday on Tuesday. It's a long week, so stay home, stay safe. May your longs go up, and your shorts go down!
BSE:SENSEX
by bayfolio
I was wrong, but I was never in doubt about the $SENSEX!Just after I published a recording on a dead cat bounce, immediately after the market started inching upwards, as if someone had switched a bot on. Was this a coincidence, or are there bigger conspiracies at play :D -- or was insider buying taking place? I don't watch / listen to the news, because it brings very little value these days. And the markets factor everything before the reports can report. So what's going on? Take a look at the 5 minute chart to see unusual buying behavior. Could it be just pharma stocks rock and rolling or could it be MSCIs weightage adjustment for India. Let's have a relook and decide what needs to be done next.
BSE:SENSEX
by bayfolio
Could we be looking at a dead cat bounce in BSE?While the BSE:SENSEX index is showing some strength today, are we out of the woods? India is still in just the first week of a 21 day / 3 week lock down. I'm sure many traders don't have anything better to do at home, so trading might be their stress buster! Just wait until their wives ask them to buy 'subji' instead of 'stocks' :D I may be saying this like a broken record, but lock downs are not the solution. I could elaborate on this, but it won't be worth the time and effort. In the meanwhile, watch the charts to see how the price action is. Whether this is a dead cat bounce or a dead horse bounce, we'll find out in a few days/weeks. Till then hang on... may your longs go up, and your shorts go down!
BSE:SENSEXShort
by bayfolio
Sensex Index UP Coming Trend Analysis Hi we believe that there exist a Three Drive Pattern for which it takes few days to complete and then we have a bearish retracement for which we may Short the Market. The Fundamental analyses are base on the current Oil Price and problems in Middle East and as we have analysed the NIFTY, we can conclude there is a upcoming Bearish Trend as the Oil Pries may go Higher so the companies should face the Demand issues and their productivity comes down so their stock price... Best of Luck Trade Sensibly please write your ideas for us so we can discus and develop our knowledge
BSE:SENSEX
by BitonGroup