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India - Long TermLong term, emerging market should outperform US due to high growth potential. India ETF looks particularly interesting to me. Reasons: 1. Price just broke out of a long horizontal rectangle. Although you are not going to see massive price moves, it is a great asset to own. 2. India is one of the only countries focusing on reducing debt vs increasing in the next 12 months. 3. India is absolute monster in IT space which is the future. Happy Wednesday, its never wrong to pull profits.
AMEX:EPILong
by bossmodetrader
Armageddon II: Nifty Pvt Bank Index ready slide below Mar20 lowPatterns are the basis of finding comfort beyond comfort zones created by news flow. Same patterns that made me speak quietly in first week of January 2020 that the Nifty Private Bank Index has the strongest and most clear patterns ready for a 35% plus slide are now ready again and on a larger time frame and with greater clarity for a 50% downmove broadly speaking on almost all the private banks in Indian equities complex. Check out this 2 minute video. Caveat Emptor: All Market forecasts based on patterns is subject to change as the evolving market confirms the patterns fuertehr or denies them.
NSE:NIFTYPVTBANKShort
by SushilKedia
Short RIL: Once 1975 breaks. Today's strength may be illusionRIL all time high came way ahead of the Nifty in September 20 itself. Since then it has had made rapid declines and from mid november ran sideways in to a triangular formation. Today's leap up could turn out to be the final wave e within this triangle that forms a larger degree wave iv. A goal of 1650 wont be audacious with a review in between at 1840 for take profits or not, but this setup triggers ONLY when RIL futures move below 1975. It is stocks like Reliance and a few other large caps that took rest after peaking out ahead of the broader market and all side stocks in the derivatives space and cash non derivative stocks created frenzy making a number of "knowing too much" traders get hesitant on the indices. Now with a resumption of the downtrend possible in these biggies and the side-market having frenzied out who knows Nifty may give a deep good 10% correction signal too if it closes below 13585 today. Stay tuned. Outlook and analysis subject to change, soon as market produces any other pattern or signal! The only sure thing in life is hunger and the other sure thing that relieves from this only one sure thing is death. Rest is all risky!
NSE:RELIANCE1!Short
by SushilKedia
USDINR: Headed to 75.5Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5. Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity "rally" Caveat: Do never overstretch intermarket relationships. The Delta of change in the value of Nifty to Change in USDINR is not constant either. This is a broad relationship. Hear out the entire video recroding for further caveats and how am I using this chart. This chart prevents me to be an equities bull in abandon. Not yet short on equities, yet not willing to expand exposure on the long side on equities. Once the USDINR chart starts producing the C wave and the uptrend line on Nifty breaks thats when one will trade on the short side on equities.
Long
by SushilKedia
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