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The daily bar chart pattern of S&P 500 index dropped briefly below 1975, but suddenly turned around and recovered almost all its losses from its Dec 5 top in just three trading sessions. US Fed’s decision not to raise interest rates in the near future provided just the impetus the bulls needed. All three EMAs […]

In the last full week of trading in calendar year 2014, both Sensex and Nifty indices bounced up after testing support levels to close marginally higher for the week. However, neither index is technically out of the woods yet – so caution is advised. FIIs continued their selling spree in equity throughout the week. DIIs […]

Realty Sector stocks – worth a look? Nah!

Posted by on December 20, 2014 15:52 pm · 34 views

in Stock Trading

The realty sector has been in the doldrums for quite some time now. Builders are hanging on to their unsold inventory in a bid to keep prices from crashing. Buyers are in no great hurry to relieve the builders of their pain. Many builders are now being forced to liquidate some of their land banks […]

Q. Rapidly falling crude oil price should reduce India’s current account deficit – which should be good for the economy and therefore, the stock market. Then why did the market correct sharply? A. Because FIIs suddenly turned heavy sellers of equity. Q. Was it routine year-end profit booking, or is there more to it than […]

Nifty chart: a mid-week update (Dec 17 ‘14)

Posted by on December 17, 2014 21:00 pm · 54 views

in Stock Trading

The sharp and continuous fall in the price of crude oil – though beneficial for India – has spooked FIIs big time. Plummeting oil demand is a sign of slow economic growth, particularly in Europe. Eventually, it will hit shale oil production in USA, as extraction costs will become unremunerative. Some countries that are dependent […]

Gold and Silver charts: an update

Posted by on December 16, 2014 13:24 pm · 25 views

in Stock Trading

In the previous post on the daily bar chart pattern of gold, daily technical indicators were looking bullish, but the support/resistance zone between 1240-1260 was expected to come into play if the bear market rally continued. A sharp surge above the 20 day and 50 day EMAs – backed by strong volumes – faced resistance from the […]

S&P 500, FTSE 100 charts: face strong bear attacks

Posted by on December 15, 2014 18:11 pm · 22 views

in Stock Trading

The following concluding remark was made in last week’s analysis of the daily bar chart pattern of S&P 500: “Caution is advised – the ‘broadening top’ can lead to a sharp correction.” Readers were also cautioned in two previous posts about the possibility of a sharp correction. The ‘broadening top’ pattern formation started from Aug ‘14. The pattern got […]

Sensex, Nifty charts: face sharp bull market corrections

Posted by on December 14, 2014 10:20 am · 71 views

in Stock Trading

FIIs turned heavy sellers of equity during the last 2 days of the week. DII’s turned buyers, but could not keep pace with FII selling. Both Sensex and Nifty indices suffered sharp falls that wiped out more than 50% of the gains made from their respective Oct ‘14 lows. The IIP number for Oct ‘14 […]

Stocks from the construction sector have emerged from long bear phases in anticipation of growth in the economy that may lead to revival of stalled projects and awarding of new contracts. The ground reality hasn’t quite lived up to the expectations – though there are some signs of increasing construction activity. Gayatri Projects and IRB Infrastructure are two […]

Nifty chart: a mid-week update (Dec 10 ‘14)

Posted by on December 10, 2014 20:22 pm · 70 views

in Stock Trading

Current account deficit climbed up during the quarter ended on Sep ‘14, but that wasn’t the real cause of the ongoing correction in Nifty. Slow down in the Chinese economy and political uncertainty in Greece led to a bout of profit booking in global markets. The insurance bill – for raising FDI limit in the […]

WTI and Brent Crude Oil charts: fall to 5 year lows

Posted by on December 9, 2014 19:59 pm · 29 views

in Stock Trading

In its previous attempt at a rally two weeks back, the daily bar chart pattern of WTI Crude oil had tested resistance from its falling 20 day EMA and resumed its downward journey. On Dec 8 ‘14, oil’s price touched a 5 year low of 63 -  and may fall even lower. Daily technical indicators are […]

The daily bar chart pattern of S&P 500 dropped briefly below the 2050 level on Mon. Dec 1 ‘14, but rose to touch new intraday (2079) and closing (2075) highs on Fri. Dec 5 ‘14. However, the index failed to move above the upper resistance line of the ‘broadening top’ pattern (re-drawn last week). Monday’s down-day […]

Sensex and Nifty indices took a much-needed breather after rallying for six straight weeks. FIIs were net buyers of equity worth Rs 850 Crores during the week, but were net sellers on Monday and Friday. DIIs were net buyers on Friday, but were net sellers of equity worth Rs 1170 Crores during the week. As […]

New to investing? Try a balanced fund

Posted by on December 4, 2014 14:33 pm · 23 views

in Stock Trading

The stock market is hitting new highs on a regular basis. Many stocks are touching their 52 week or lifetime highs. New and astonishingly higher targets for Sensex and Nifty are being floated by market experts in a mad scramble to outdo each other. A frenzy of bullishness is being built up – but for […]

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