The usual, claimer or disclaimer when you see the delicate and expensive pieces of art.

If touched considered sold. The feather touch!

Ther rise, shaven head (almost just 1.20 points), panic selling across. No one is sure why it is falling, the curiosity gallows, the reasons abound, who took away my 25K remains. Yes, fall of small relative to rise is not a concern and should not be.

The question is had we made too much in too short, in the bargain hurt our scope to grow more than nominal terms in the end.

Looks that way. The rise halted 0.618% of the day's fall, typical of any bull market.

The bigger frames corrective shows closer to the 24000 while tad deeper towards the 23800 that looks the ideal price to consolidate.

AUTO and Metals looks weak in this pack while FMCG and Pharma stronger. When staples are the preference, the rotation looks weak on the high beta.

Money supply is on the mend, not sure how that ekes out, our own inflation data tomorrow that should surprise to the upside.

Later German Inflation, UK GDP, US Inflation, Japan 20 Y auction. While Korea leaves rates unchanged.

From the charts upside is stalled below the daily close of 24420, while yesterday low is the target to look and towards the 24100.

Support 24250-24180-24130

Supply 24380-24415-24450
Beyond Technical AnalysisCandlestick AnalysisTrend Analysis
sreebhashyam
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle

Wyłączenie odpowiedzialności