Crude Oil – Accelerating
Crude Oil accelerating strongly on the upside after the breakout. Some consolidation can happen at the 200 EMA.
Reversal from support aided by Morning Star pattern
The status quo remains unchanged. Nifty again bounced back from the support level of 10600 aided by the Morning Star candlestick formation. Morning Star A three-day bullish reversal pattern consisting of three candlesticks – a long-bodied black candle extending
MF managers satisfying their trading itch !!
Weekly Market Update – 17 Feb 2019
Nifty accelerated to the low of 10620 as suggested in (Markets accelerating on the downside) & (Is it a failed breakout?) but recovered 100 points during the day to close as a Doji formation. It is again at the lower
Crude – Opec led production cuts fuel new high
Brent Crude broke out above the $62-64 resistance zone. The breakout was a result of OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week. On top of this, if the US-China negotiations result in
Markets accelerating on the downside
As I summarized “a bearish bias with 11100 stop loss has better risk/reward potential” last week, the markets have fallen for the first three days of this week. The last two and half months support level of 10600 is the
The Intermarket Relationships – 10 Feb 2019
Is it a failed breakout ?
Well, the enthusiasm of the last few days has washed away in a single day. 11000 was resistance for the last 10 weeks. Normally what happens under these conditions is a shakeout due to some new event (Budget in this
Sector Update – Nifty Energy Index (7 Feb 2019)
Nifty Energy Index is broadly sideways for the last 15 months after a stupendous rally in 2016-17. Intermediate Term – The RS line is making an HH-HL formation even though the Index is range bound, indicates bullish accumulation. KST
Sector Update – Nifty IT Index (7 Feb 2019)
Nifty IT Index had a phenomenal run from the mid-2017 till Sep 2018 followed by a correction > consolidation and again a rally to the previous top. It has strongly outperformed the Nifty during the period. Intermediate Term