June Expiry
The market participants has taken the range now from 9200 to 9700 on Nifty.
Nifty crossed 9700 with short span and range shifted to 10000 - 10500.
It's Bullishness creates divergent with my study. Market is in bullish sphere and very much owned by speculative players.
It is a sign of cautiousness and very much on the brink of a downfall, as per the past trend of the market.
Presently I am not bullish on the market; the reason as follows:
Market are getting hotter. Wise to to Wait till it becomes hottest; may be 2-3 quarters. At last Patience will count. Markets are slave of earnings of Companies.
Now we will hear from others, you missed the rally.
Date:06/06/2020
Time: 5 pm
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Nifty Range shifted from 10000 to 10300.
Trading above 10300 is the time to go for long for the level 10500. It will be the strength of breaking the level 10000 or otherwise on Nifty, is to be watched.
Date:9/6/2020
Time:10.45 pm
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Market years long behavior is "when most think market will fall, market do not fall". Rather when everybody is bullish and leveraged, that is the time of market to take turn. F&O data and Technical Analysis will give an early clue about that. Now we observe, more retail participation and one by one mota bhai dealssssssss.... Which supports Nifty to trend higher.
One thirds of Nifty is controlled by Reliance & HDFC Twins. Twins looks weak and their current up move is likely a correction rally. Nifty will show weakness, once Reliance starts decelerating.
As per the Elliot Wave theory, this current phase is B wave. We will see C wave for sure - but when and its intensity is a billion dollar question.
Date: 10/06/2020
Time: 10.10 pm
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Now 10300 has also crossed. PCR more than 1.60. Bullishness is on high breath. Every buyer earning money from stock market these days.
This recalls 2008 rally. Be careful.
Bull team have interpreted this rally as a "New Bull Run" and advocated that the bear run was from 2018 which has ended now.A game of interpretation. Not economy, Not Financial matters. Be it Damani or Jhunjhunwala in the troop of Bull. People are buying as they are ready to wait for next 6-9 months.
Funnily, stock market exhibits its reaction in seconds and not in months. Leave 6-9 months to change the weather of market. Most of the stock, the delivery percentage is very low. Junk stocks are now at high speed. Retailers do not want to miss the rally.
Now gone days for great depression talk. Voice of "V-shape" recovery is heard from most of the quarters. No talk on earnings nor on economy, nor on Debt upon GDP, nor on PE of NIFTY.
Except ample of liquidity infused by Governments out of debt, no ingredients are in place.
Date: 24/06/2020
_______________________________________________________________________________
Nifty crossed 9700 with short span and range shifted to 10000 - 10500.
It's Bullishness creates divergent with my study. Market is in bullish sphere and very much owned by speculative players.
It is a sign of cautiousness and very much on the brink of a downfall, as per the past trend of the market.
Presently I am not bullish on the market; the reason as follows:
- Slower Economy activities
- Following purely World Market - very much coupled
- Exhibit characteristics of Bear Market
- India economy is already in depression
- India vs China & Pakistan relations takes a bitter experience
- US & China trades tussles
- Up move is purely based on anticipation i.e. speculative trade
- Threat of Inflation
Nifty above 10000 is time to buy longer Put Option, as its sustainability is in question.
Date:02/06/2020
Time:8.30 pm
_________________________________________________________________________________
Market are getting hotter. Wise to to Wait till it becomes hottest; may be 2-3 quarters. At last Patience will count. Markets are slave of earnings of Companies.
Now we will hear from others, you missed the rally.
Date:06/06/2020
Time: 5 pm
____________________________________________________________________
Nifty Range shifted from 10000 to 10300.
Trading above 10300 is the time to go for long for the level 10500. It will be the strength of breaking the level 10000 or otherwise on Nifty, is to be watched.
Date:9/6/2020
Time:10.45 pm
---------------------------------------------------------------------------------
Market years long behavior is "when most think market will fall, market do not fall". Rather when everybody is bullish and leveraged, that is the time of market to take turn. F&O data and Technical Analysis will give an early clue about that. Now we observe, more retail participation and one by one mota bhai dealssssssss.... Which supports Nifty to trend higher.
One thirds of Nifty is controlled by Reliance & HDFC Twins. Twins looks weak and their current up move is likely a correction rally. Nifty will show weakness, once Reliance starts decelerating.
As per the Elliot Wave theory, this current phase is B wave. We will see C wave for sure - but when and its intensity is a billion dollar question.
Date: 10/06/2020
Time: 10.10 pm
______________________________________________________
Now 10300 has also crossed. PCR more than 1.60. Bullishness is on high breath. Every buyer earning money from stock market these days.
This recalls 2008 rally. Be careful.
Bull team have interpreted this rally as a "New Bull Run" and advocated that the bear run was from 2018 which has ended now.A game of interpretation. Not economy, Not Financial matters. Be it Damani or Jhunjhunwala in the troop of Bull. People are buying as they are ready to wait for next 6-9 months.
Funnily, stock market exhibits its reaction in seconds and not in months. Leave 6-9 months to change the weather of market. Most of the stock, the delivery percentage is very low. Junk stocks are now at high speed. Retailers do not want to miss the rally.
Now gone days for great depression talk. Voice of "V-shape" recovery is heard from most of the quarters. No talk on earnings nor on economy, nor on Debt upon GDP, nor on PE of NIFTY.
Except ample of liquidity infused by Governments out of debt, no ingredients are in place.
Date: 24/06/2020
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