This might look like a learning curve, but it’s an arbitrage curve for me. Pair trading in Indian markets is an exciting experience. Even as early as 2000 I remember working on cash-futures, futures-futures arbitrate sheets on the BRIDGE TERMINAL at the 24 floor of the Bombay Stock Exchange, teaching brokers how to execute riskless […]
SUMMARY: ELECTROPUTERE DAILY (EPT). Prices push down in a corrective till key supports at 0.618 FIB near 0.11. We expect prices to hold respective supports. (HELD). COMPA DAILY (CMP). Prices gap up above moving average. Minor trend is positive. This could be a reversal in trend. ARMATURA DAILY (ARM). Prices continue to move in a […]
SUMMARY: IDEA DAILY (IDEA) Prices broke minor trend channel resistances and pushed higher till 0.5 key FIB levels. Above psychological 80 levels we get more positive confirmation. BHARTI DAILY (BRTI) Prices broke true trendline resistances. Above key 865 levels we get more positive confirmation. MAHAGANAR DAILY (MTNL) Prices are heading to trend channel resistances near […]
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Login to the member’s area to read the report here. MOVING AVERAGE SPECIAL SUMMARY: DLF DAILY (DLF) Moving average crossover is still negative. We need a clear break above key 360 levels to look for any reversal. HDFC DAILY (HDFC) Prices continued to hold below key resistance levels at 2,600. Moving average crossover has just […]
Q: Do the inter-market cycles still suggest that nifty under-performs DOW/S&P? A: Intermediate Sensex vs. Dow, Nifty vs. Dow, Nifty vs. S&P500, performance cycle remains negative. There are a lot of analysts using seasonal tendencies. We don’t look at seasonal tendencies so closely. Q: Neckline Retest: I think the neckline has been retested and nifty […]
Challenging a seventy year old market forecasting theory isn’t easy. It is tougher if one is a practitioner himself and a believer in the Elliott wave theory of price fractals. However, when we talk about TIME FRACTALS, PRICE FRACTALS have a strong challenger, even if the theory of TIME is at a nascent stage. We […]
SUMMARY: ROMPETROL RAFINARE WEEKLY (RRC). Minor trend is up. We don’t have a trend reversal yet. PETROM DAILY (SNP). Prices continue to move sideways after breaking the intermediate channel. A break of the current support at 0.23 levels would be negative. OIL TERMINAL WEEKLY (OIL). Moving average crossover gives the first signal of a trend […]