NIFTY: Group Think! tank?
The bulls celebrate, the bank's roar, more particularly the heavy weights, the triad of HDFC AXIS and ICICCI.
Bring old memories back when they held the market to ransom on occasional indulgences.
Select one's pushing the whole Group.
FED officials comment on not to be influenced by the Group Think (a reference to the members to have their own individual assessment, one of the pits falls of group think and group bias).
Most of the markets have reached this stage influences of select few dominating the broader markets.
Canada Inflation numbers come hot, the question of did we cut too early remains the scene. The lessons will surely remain the war is not over yet on the inflation.
While no one talks on components of inflation these days, more so the services inflation.
Any rush to cut, has its own unintended consequences. It is more on what to do and not do to verbal communication, than do and communicate.
Not much of data today, save Australian inflation or the monthly CPI indicator which again prints more than consensus.
AUD jumps, ditto to similar moves of CAD.
Divergences continue to baffle many; they have been there since last six months. Volumes is another one impacting the psyche. Divergence indicator which printed a swap between the bull and bear on the exit poll day has not moved its kneedle still yet, one has to understand how that works in the first place.
Today, have drawn normal supply line based on the anticipated yesterday top (most subjective way of drawing). The channel is what is interesting to see, this is derived at volume-based trend line drawn as the middle line and then extending either side the demand and supply line.
Yesterday move based on this has stretched above the channel. This is bi-weekly graph and hence the close of this week price action matters a lot.
Support 23680-23630-23580-23550
Supply 23750-23780-23830
Bring old memories back when they held the market to ransom on occasional indulgences.
Select one's pushing the whole Group.
FED officials comment on not to be influenced by the Group Think (a reference to the members to have their own individual assessment, one of the pits falls of group think and group bias).
Most of the markets have reached this stage influences of select few dominating the broader markets.
Canada Inflation numbers come hot, the question of did we cut too early remains the scene. The lessons will surely remain the war is not over yet on the inflation.
While no one talks on components of inflation these days, more so the services inflation.
Any rush to cut, has its own unintended consequences. It is more on what to do and not do to verbal communication, than do and communicate.
Not much of data today, save Australian inflation or the monthly CPI indicator which again prints more than consensus.
AUD jumps, ditto to similar moves of CAD.
Divergences continue to baffle many; they have been there since last six months. Volumes is another one impacting the psyche. Divergence indicator which printed a swap between the bull and bear on the exit poll day has not moved its kneedle still yet, one has to understand how that works in the first place.
Today, have drawn normal supply line based on the anticipated yesterday top (most subjective way of drawing). The channel is what is interesting to see, this is derived at volume-based trend line drawn as the middle line and then extending either side the demand and supply line.
Yesterday move based on this has stretched above the channel. This is bi-weekly graph and hence the close of this week price action matters a lot.
Support 23680-23630-23580-23550
Supply 23750-23780-23830
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