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There was good news for bears and bulls at the close of trading on May 29 ‘15. Incidentally, it was a combined daily (higher), weekly (lower) and monthly (higher) close. Good news for bears: down trends from lifetime highs touched in Mar ‘15 (marked by blue down trend lines on Sensex and Nifty charts below) […]

The ground-swell of support for the likely installation of a Modi-led government was clearly visible in the stock market last year. The situation has changed quite a lot since then – and the current state of the stock market is a clear reflection of what might have been. The expectations of ‘achhe din’ from citizens were too […]

WTI and Brent Crude Oil charts: an update

Posted by on May 26, 2015 20:14 pm · 21 views

in Stock Trading

The daily bar chart pattern of WTI Crude has been consolidating sideways with a downward bias since touching a high of 62.50 on May 6 ‘15. It appears to be forming a ‘falling wedge’ pattern that has bullish implications. Strong volumes on down days mean that bears are in no mood to give up without […]

S&P 500, FTSE 100 charts: bulls getting back on top

Posted by on May 25, 2015 21:28 pm · 23 views

in Stock Trading

The daily bar chart pattern of S&P 500  traded sideways within a narrow 15 points range during the week gone by. The index touched a new intra-day high of 2135 on Wed. May 20, but formed a small ‘reversal day’ bar pattern (higher high, lower close). The next day it touched a slightly lower top, […]

The epic, Mahabharata, has many stories and incidents that reveal man’s inhumanity towards fellow humans. The well-known story of Eklavya’s sacrifice is a classic example. For those not in the know, or have forgotten what they had heard from their grandmothers when they were small children, here is a quick recapitulation. Eklavya was a low-caste […]

Both FIIs and DIIs were net buyers of equity during the week – of about Rs 1800 Crores each. While DIIs were net buyers on all five trading days, FIIs did the bulk of their net buying on Mon. May 18, and were net sellers of small amounts on Tue. May 19 and Fri. May […]

Nifty chart: a mid-week update (May 20 ‘15)

Posted by on May 20, 2015 19:33 pm · 51 views

in Stock Trading

The big boys have started announcing their Q4 results, but there is not much to feel excited about. Tata Steel announced a huge loss. A few PSU banks bucked the trend by declaring decent set of numbers. Unseasonal rains had damaged standing crops but filled up water reservoirs. A possible early onset of monsoon may […]

Gold and Silver charts: an update

Posted by on May 19, 2015 12:35 pm · 18 views

in Stock Trading

The following comments appeared in the previous post on the daily bar chart pattern of gold: “… gold’s price appears to have formed a bullish ‘flag’ pattern. An earlier upward breakout from an ‘inverse head and shoulders’ pattern ended in failure due to lack of follow-up buying. Any breakout from the ‘flag’ may meet the same fate – […]

The daily closing chart pattern of S&P 500 reached a lifetime high of 2123 on Fri. May 15 – climbing a wall of fundamental and technical worries, as bull markets often do. However, the past 6 months has been a volatile period that has tested the patience of investors. The 50 day EMA is rising, […]

FIIs and DIIs were both net buyers of equity on Mon. May 11. For the rest of the week, FIIs turned sellers again while DIIs kept buying. The net result of all the buying and selling – as per provisional figures – was FIIs: (–) Rs 1343 Crores; DIIs: + Rs 2781 Crores. Sensex and […]

How is Nifty faring against Asian Market indices?

Posted by on May 16, 2015 14:24 pm · 34 views

in Stock Trading

Lately, there has been a lot of talk about how some FIIs have been spooked by the retrospective MAT notices and poor Q4 results from India Inc. Short-term funds in particular have been on a selling spree that has led to a 10% correction in Nifty – after it touched a lifetime high in early […]

A lay person’s understanding about volatility in the stock market is unusual and large fluctuations in a stock’s price or an index level. But there are more precise definitions of volatility. Here is what investopedia.com has to say: “Volatility is a measure of dispersion around the mean or average return of a security.” ‘Dispersion’ is the […]

Nifty chart: a mid-week update (May 13 ‘15)

Posted by on May 13, 2015 21:10 pm · 60 views

in Stock Trading

Poor performance of the Indian stock market during the past month, and the lack of clarity on retrospective MAT demands have sent short-term FII funds scurrying to other emerging markets. In a bid to control the damage, all MAT demands on FIIs have been put on hold. As per provisional figures, FIIs were net sellers […]

The daily bar chart pattern of WTI Crude oil bounced up after touching a low of 42.50 in Mar ‘15. After facing brief resistance at the 54 level, oil’s price rallied to touch a high of 62.50 on May 6 ‘15 – gaining 47% in less than 2 months. However, oil’s price formed a ‘shooting […]

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