NIFTY: The Stakes!
It is one thing to anticipate the move for a day, altogether different to anticipate for the week.
The stakes are staked. The rotation theme continues, it is IT at the alternative days.
One more day of in neck pattern, not a bearish confirmation by any means, unless further evidence seen.
The PIP is the shorter from, the steep fall held by the smaller upward trend line, sending and keeping the bulls hopes alive.
The news of HDFC MSCI flows and the expected up move in the market is what is tricking as we write. Will this be a fading news or a new trend one has to see.
Yesterday moves were a fading day, markets are in trending zone. One cannot rule of either of the methods, fading still has a chance.
Lots of data, FOMC Minutes (do any one care after Powell yesterday comments). Inflation is in the path, so technically the aggressive calls for surprise rate hike is eroding, while hopes of rate cut remains out of the table. Europe too joins no cuts.
Powell comments some time at the last period of next year or thereafter, should send any hopes of early cuts.
Crude prices continue, while dollar cools little and trickle. Big political events in the Europe weighing its balance.
Our PMI in the early hours of market to watch.
ISM, ADP late ahead of NFP on Friday.
Supports 24050-23980-23950
Supply 24180-24220-24280
The stakes are staked. The rotation theme continues, it is IT at the alternative days.
One more day of in neck pattern, not a bearish confirmation by any means, unless further evidence seen.
The PIP is the shorter from, the steep fall held by the smaller upward trend line, sending and keeping the bulls hopes alive.
The news of HDFC MSCI flows and the expected up move in the market is what is tricking as we write. Will this be a fading news or a new trend one has to see.
Yesterday moves were a fading day, markets are in trending zone. One cannot rule of either of the methods, fading still has a chance.
Lots of data, FOMC Minutes (do any one care after Powell yesterday comments). Inflation is in the path, so technically the aggressive calls for surprise rate hike is eroding, while hopes of rate cut remains out of the table. Europe too joins no cuts.
Powell comments some time at the last period of next year or thereafter, should send any hopes of early cuts.
Crude prices continue, while dollar cools little and trickle. Big political events in the Europe weighing its balance.
Our PMI in the early hours of market to watch.
ISM, ADP late ahead of NFP on Friday.
Supports 24050-23980-23950
Supply 24180-24220-24280
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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