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Nifty chart: a mid-week update (Jul 23 ‘14)

Posted by on July 23, 2014 20:53 pm · 50 views

in Stock Trading

Stock markets have this uncanny habit of knowing exactly what everyone wants and expects to happen, and then doing the complete opposite – leaving experts and small investors frustrated, baffled and searching for explanations. Everyone was expecting a deeper correction from the Jul 8 ‘14 top of 7808 – at least to the ‘gap’ zone […]

Gold and Silver charts: an update

Posted by on July 22, 2014 14:37 pm · 20 views

in Stock Trading

The bear market rally on the 6 months daily bar chart pattern of silver followed in the footsteps of the yellow metal by forming a bearish ‘rising wedge’ pattern from which an expected downward break occurred on Jul 14 ‘14. Such break downs (or break outs) are often followed by pull backs towards the break […]

S&P 500, FTSE 100 charts: facing technical headwinds

Posted by on July 21, 2014 14:06 pm · 18 views

in Stock Trading

The 6 months daily bar chart pattern of S&P 500 has been consolidating sideways within a symmetrical triangle pattern since touching a lifetime high of 1985 on Jul 3 ‘14. Triangles tend to be continuation patterns, so the eventual price break out should be upwards. However, triangles are also unreliable. Price can break downwards or […]

Sensex, Nifty charts: in consolidation mode

Posted by on July 20, 2014 14:14 pm · 41 views

in Stock Trading

Q1 results have started hitting the market – and so far, results show that size matters. After better than expected results from Infosys, it was the turn of TCS and Reliance to positively surprise the market. This is a very good example of why small investors should build a core portfolio of large-cap stocks that […]

The following comments were made in last week’s analysis of the 6 months daily bar chart pattern of CAC 40: “Is the correction over? Negative divergences, still visible on the technical indicators, are suggesting otherwise.” Though the index closed 19 points higher for the week, it has been consolidating within a 100 points zone between 4275-4375 – possibly […]

Technical updates – DLF and Unitech

Posted by on July 18, 2014 14:56 pm · 57 views

in Stock Trading

Real estate stocks were all the rage during the later stages of the previous bull market in 2007. The term ‘land bank’ entered the stock market jargon dictionary. Companies were falling over each other in trying to acquire land parcels at any price. Banks and NBFCs joined the race of lending money against ‘land banks’. […]

Nifty chart: a mid-week update (Jul 16 ‘14)

Posted by on July 16, 2014 21:01 pm · 38 views

in Stock Trading

Call it ‘selling on news’ after the budgets failed to announce any big-bang reform measures, or call it routine profit booking after Nifty touched a new high. May be the selling trigger was the negative divergences on the technical indicators that failed to touch new highs with the index. Whatever the reason(s), the index underwent […]

In the previous post on the 6 months daily bar chart pattern of WTI Crude oil, oil’s price was consolidating in the resistance zone between 105-108. The following cautionary remark was made:“Failure to breach the 108 level may enthuse bears to become active.” The consolidation was expected to continue a bit, and it did so for the […]

In last week’s analysis of the 6 months daily bar chart pattern of S&P 500, overbought technical indicators displaying negative divergences had hinted at a possible correction. The correction was a mild one – less than 2% from its lifetime peak of 1985 (touched on Jul 3). Volumes were strong on down days, but the rising 20 […]

The two budgets – railway and finance – are out of the way. As expected, both showed pragmatism rather than populism. The stock market used them as negative triggers and sold off. Even some good news was ignored. The increases in individual tax exemption and 80C investments by Rs 50000 each will put extra cash […]

The 6 months daily bar chart pattern of CAC 40 is undergoing its first serious correction since Mar ‘14. In last week’s analysis, negative divergences visible on the technical indicators and strong volumes on a down day had hinted at continued bear domination. The selling came sharp and swift. The index hes PS: If you like […]

Technical updates – Punj Lloyd and Suzlon

Posted by on July 11, 2014 20:50 pm · 113 views

in Stock Trading

The two budget proposals during the week were met with widespread selling in the stock market. Huge expectations from the Modi-led NDA government had caused a sharp rise in stock prices – particularly of stocks from the infrastructure sector. It turned out to be a case of ‘buy the rumour and sell the news’. The […]

Nifty chart: a mid-week update (Jul 09 ‘14)

Posted by on July 9, 2014 19:55 pm · 147 views

in Stock Trading

Perhaps in a pragmatic precursor to tomorrow’s budget, the railway budget contained no populist measures. The intent to consolidate and modernise seemed clear on a cursory reading. May be the devil is in the detail. Proceedings at the Lok Sabha hit a new low on the ethics and decency scale after the Railway budget was […]

The 6 months daily bar chart pattern of gold spiked up on huge volumes on Jun 19 ‘14 to rise above the 1280 level and its 50 day and 200 day EMAs into bull territory. Since then, gold’s price has traded above all its three EMAs for 11 straight sessions. The long-term moving average has […]

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