From the lows of 23/Mar The "ONLY" heavy weight holding the NIFTY @ 21.57% now is RELIANCE @ 76.66% and supported by BHARTIARTL @ 30.12% and INFY @ 28.07%. If Reliance gives up ... NIFTY needs other pillars to hold on to.
From the lows of 23/Mar. Whats the reason for Auto Index to be going up when there is no manufacturing, no retail, and all stocks as-is. Depreciation would have also mounted up. Any guesses ?
The sharp reversal of the past few days with ~25% recovery looks similar to sharp recoveries of past in years 2000 and 20008 which marked a bear trend for about a year. Could this be similar? What happens at ~9500 levels as it reaches there in next 1 - 2 days will confirm the bear trend likely i guess? What are your thoughts?
Short Near @ 68.90 (as close as it reaches with RSI tops out) // At the top of the Channel. Looks a clear short day and low closing today. Waiting ....
Consolidation for some hours seem over ... looks to touch 88.90 in the next 5 - 6 hours (in the 15m bar)
Copper Started its Reversal and leg down.
CrudeOil Reversal Just Around the Corner ... likely to begin today or tomm max.
CrudeOil Reversal Just Around the Corner ... likely to begin today / tomorrow max.
All indicators point still down trend and none to indicate the reversal yet. It wouldn't be wise to jump off early.