Foresee Plan Prepare Execute
Nifty Daily: On last Thursday and Friday, Nifty rebounded back from the lower end of the trading range aided by short covering on Thursday and the budget on Friday. The Fear factor: VIX has started falling with the bounce
Crude oil ended positively for the week with a 3% plus gain on Friday aided by the following factors – U.S. sanctions on Venezuela’s state-owned oil firm raised the risk of tighter crude supplies A considerable monthly decline in OPEC production
As discussed during the whole of last week, Nifty has turned back from the upper end of the 11000 to 10600 range and has touched 10600 yesterday. Now the question arises will it climb back to the upper end of
Nifty Auto – The Auto index had a 24% correction in the month of Sep 2018 and after that made a Bearish Flag formation the months of OND 2018. The breakdown from the flag happened last week and should take
Bank Nifty – The sector is in a very broad range and currently near the top of the channel. In the month of Dec 2018, the RS ration has given a breakout but the price has failed to confirm the strength.
Nifty Daily – The market turned back from the overbought zone and closed 1.16% down for the week near the low point of the weekly range. The triangle breakout has failed. Expect some consolidation or acceleration to
TNX – Consolidating below 28 BRENT – Will it breakout above $ 62 NIFTY – Sideways RUPEE – Will the breakout sustain? USD – Bearish bias
One portion of the market which has not done anything in the last four years is the PSU Banks. Apart from the parabolic rallies periodically just after a major government announcement related to Bank boards, Recapitalization etc they have drifted nowhere.