CHANNELS.INDIA.290609 SUMMARY: DLF DAILY (DLF): Prices continued to hold key supports at 310 levels. Moving average crossover is still negative. HDFC BANK DAILY (HDBK): ANTICIPATED AND HAPPENED Prices held key resistance levels at 1,570. We continue to look lower from here. ICICI BANK DAILY (ICBK): Moving average crossover turned negative. Below key 630 levels we […]
THE PATTERN OF BELIEF The first week of Jun I transformed myself into a movie buff. I saw eight films at Transilvania International annual Film festival in Cluj. Pa-ra-da, Marco Pontecorvo’s moving feature film about homeless children in post-Ceausescu Romania. This according to New York time was Europe’s answer to the Indian rags-to-riches blockbuster “Slumdog […]
If time and space are similar and space is fractalled then time fractals are not far away. Challenging Einstein might be blasphemy, but there are a host of papers and published scientific features asking the same question. Was Einstein wrong? Even if he was wrong, what’s that got to do with markets and economics? We […]
WAVES.FOREX.250609 We have reached an internal inflexion between the forex team. When an alternate count starts to take shape the reader should realize that we are starting looking at a market surprise. Though the preferred view suggest that the DOLLAR 1.4 should hold and we should continue to push lower to 1.3, there is a […]
It’s too early too look for a change of view. Why? First: BETFI vs. BETC pair is overstretched against BETFI. Historically all these extremes have been followed by a drop in BETFI. How can it be explained? BETFI is blue chip compared to the broad based BETC. When blue chip reaches an outperformance extreme against […]
There are stories about the inverse correlation between SENSEX and the US Dollar Index (USD). The same stories which talk about inverse correlation can also explain perfect correlation, but there is something missing here. First, perfect correlation does not last. Second, if instead of absolute prices if we compare changes between prices, the idea of […]
It’s too early too look for a change of view. Why? First: BETFI vs. BETC pair is overstretched against BETFI. Historically all these extremes have been followed by a drop in BETFI. How can it be explained? BETFI is blue chip compared to the broad based BETC. When blue chip reaches an outperformance extreme against […]
There are stories about the inverse correlation between SENSEX and the US Dollar Index (USD). The same stories which talk about inverse correlation can also explain perfect correlation, but there is something missing here. First, perfect correlation does not last. Second, if instead of absolute prices if we compare changes between prices, the idea […]
CHANNELS.INDIA.240609 SUMMARY: BHARTI DAILY (BRTI). ANTICIPATED AND HAPPENED “Prices are successively retesting true trendline supports. We need a clear break here for more negative confirmation. Key levels lie at 770.” HAPPENED. We now continue to look lower till psychological 700. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). Prices continued to push lower in the cycle. The current […]
SUMMARY: ELECTROPUTERE WEEKLY (EPT) Prices turn down from previous resistance and continue to point lower. SOCEP WEEKLY (SOCP) Though minor trend remains negative, prices have reached multiyear primary supports near 0.1 levels which should hold. ARMATURA DAILY (ARM) The impulsive structure continues to point up. UAMT WEEKLY (UAMT) Prices are testing the channel support. A […]