NIFTY: The end or the beginning?
Our markets simply put lack lustre, the volatile moves are elsewhere.
1. Bank of Japan raises rates, JPY roars, today as we speak NIKKI hit 5% down and the carry story is in worry for now.
2. Hamas leader death, growing geo-political pushes crude prices higher the game is ending or beginning?
3. FED holds the rate, keeps the door half open (half shut), hopes push to come September
4. Dollar remain victim of JPY, commodity rally intitally one has to see the follow through.
5. Europe and US rally one has to see how the follow up today comes.
The graph is plotted certain statistics.
The inference is after two large moves what market usually does.
1. 2018 Market remained range five months then up 6% but in the interim down 10%
2. 2021 Market range four months up 4.26% later in the interim 3% down.
3. 2023 Mid markets range four months raise 4.8% in the interim down 4.6%
4. 2024 First five months, Markets range and rise 4% in the interim down 2.4%
5. Well either we are going to range and end after min four month or five months with a rise of 3-5% and in between fall of 3% min That gives min 24200 lower bound and higher bound 26000 rounding them 24000-26000 range now you arrive at the 50 strike prices what is proposed. Game on?
Anyway, that is not for the trade or investment purpose, just to understand how market can potentially behave.
25K is what market wants, will there be one more sell off or will we break. July is behind, August is usually volatile, break just or break and then fall or break and rise. We have INFY news on the negative side,
Supports 24880-24830-24780
Supply 25000-25050-25110
1. Bank of Japan raises rates, JPY roars, today as we speak NIKKI hit 5% down and the carry story is in worry for now.
2. Hamas leader death, growing geo-political pushes crude prices higher the game is ending or beginning?
3. FED holds the rate, keeps the door half open (half shut), hopes push to come September
4. Dollar remain victim of JPY, commodity rally intitally one has to see the follow through.
5. Europe and US rally one has to see how the follow up today comes.
The graph is plotted certain statistics.
The inference is after two large moves what market usually does.
1. 2018 Market remained range five months then up 6% but in the interim down 10%
2. 2021 Market range four months up 4.26% later in the interim 3% down.
3. 2023 Mid markets range four months raise 4.8% in the interim down 4.6%
4. 2024 First five months, Markets range and rise 4% in the interim down 2.4%
5. Well either we are going to range and end after min four month or five months with a rise of 3-5% and in between fall of 3% min That gives min 24200 lower bound and higher bound 26000 rounding them 24000-26000 range now you arrive at the 50 strike prices what is proposed. Game on?
Anyway, that is not for the trade or investment purpose, just to understand how market can potentially behave.
25K is what market wants, will there be one more sell off or will we break. July is behind, August is usually volatile, break just or break and then fall or break and rise. We have INFY news on the negative side,
Supports 24880-24830-24780
Supply 25000-25050-25110
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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