NIFTYBANK: YO YO - GA day!
Markets most importantly banks go YOYO moves, as well as select sectors like Fertilisers. Make believe world.
Our own NVIDIA movements in some places, forgetting the high and mighty at international world could not achieve that.
Concerns on speculative futures and options to tax them galore, not sure who is afraid, when the broader market is, tell me what next 10% this work story.
World make believe inflation will cool, the fact is growth to cool than inflation.
Inter-dependent world, the debt fuelled moves, globally impacting and aiding the Dollar than other wise. The more one hates Dollar the more it rallies, this time is no different.
We have two important events of moves that unfold in this space, the first one is RBI dividend led rally, on 29 April. Then comes hopes of Bond Market related huge inflows. Good news is abundant here.
Suffice to say new base raised to 50500, previous ATH. It is near 5000 points rise in a year in terms of base that is 10%, much more than one could hope in Fixed Deposit.
While the new base holds, some profit taking is not ruled out, though minor blip. One target around the 52500 is in order while we stay above the 50800 handle on daily close basis.
Usually, this space turns from the extremes, but not this time, as the extremes have been redrawn.
Support 51450-51150-50950
Supply 51900-52100-52280
Our own NVIDIA movements in some places, forgetting the high and mighty at international world could not achieve that.
Concerns on speculative futures and options to tax them galore, not sure who is afraid, when the broader market is, tell me what next 10% this work story.
World make believe inflation will cool, the fact is growth to cool than inflation.
Inter-dependent world, the debt fuelled moves, globally impacting and aiding the Dollar than other wise. The more one hates Dollar the more it rallies, this time is no different.
We have two important events of moves that unfold in this space, the first one is RBI dividend led rally, on 29 April. Then comes hopes of Bond Market related huge inflows. Good news is abundant here.
Suffice to say new base raised to 50500, previous ATH. It is near 5000 points rise in a year in terms of base that is 10%, much more than one could hope in Fixed Deposit.
While the new base holds, some profit taking is not ruled out, though minor blip. One target around the 52500 is in order while we stay above the 50800 handle on daily close basis.
Usually, this space turns from the extremes, but not this time, as the extremes have been redrawn.
Support 51450-51150-50950
Supply 51900-52100-52280
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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