It is Central Banker's Time
One of the surprises in terms of mixed responses, or slightly below expected performance is this index and within this index many components.
It is week of Central Banks, starting with BOJ little later another 90 minutes to go.
Budget concerns are over as it is passed, no more debate live with it, this too shall pass.
Concerns from SEBI mount, measures are in place, everyone knows what is in store, time for adjustment, re-invent another wheel. Markets evolve.
It is liquidity that is driving, lack of wealth creating opportunity, or this is the easiest way to create wealth, if I hit once from 10 attempts that is enough is the approach of many. Concerning indeed.
From the attached graph which is bi-weekly the picture is fairly balanced, bearish engulfing which resulted in the fall, now bullish piercing which means a rise?
Shorter frames does not suggest and hence one has to wait and watch.
Suffice to flag the green line as the life line.
Supports 51250-51150-50950
Supply 51800-52000-52150
It is week of Central Banks, starting with BOJ little later another 90 minutes to go.
Budget concerns are over as it is passed, no more debate live with it, this too shall pass.
Concerns from SEBI mount, measures are in place, everyone knows what is in store, time for adjustment, re-invent another wheel. Markets evolve.
It is liquidity that is driving, lack of wealth creating opportunity, or this is the easiest way to create wealth, if I hit once from 10 attempts that is enough is the approach of many. Concerning indeed.
From the attached graph which is bi-weekly the picture is fairly balanced, bearish engulfing which resulted in the fall, now bullish piercing which means a rise?
Shorter frames does not suggest and hence one has to wait and watch.
Suffice to flag the green line as the life line.
Supports 51250-51150-50950
Supply 51800-52000-52150
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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