$Sensex Short Update 13:38:09 (UTC) Fri Jun 5, 2020Open positions for SENSEX, as I continue to look to profit from this economy being in a full-blown recession.
SENSEX trade ideas
Long term view for BSE-SENSEXSo far market was in parabolic move until the current crash due to pandemic.
Market enter the bearish territory after small showing some upward moves, same was reflected in 2007-2008 with almost same retracement.
The red line the support line for the parabolic curve .
As the market is bearish hence the long term support will be at 21k and will have consolidation between 21k and 18k mostly.
Why i think this will happen.There are several reason behind the market bearishness few are listed below.
1) Current stimulus package of 20 lac cr. didn't surprise as definitely it help market to move up for sometime but there is no fact behind such move as per economic theories where demand and supply is disturb.
2) 2nd quarter earning will be out in July. looking at current state of lock down surely earning will not surprise market very much hence a sudden fall is expected by July 1st week.
3) Due to continuous extension of lock down it become sure the virus not going to be in control in India very such with couple of weeks which will disturb further consumption affecting demand and supply.
I will post my view once we move to the support level for further market direction.
Market can surprise anytime hence no analysis is concrete hence always alter and move with the trend.
Sensex Correction During COVID pandemicSensex ( index of BSE) :
* Zigzag Correction (ABC)
* Rising wedge
* B is at 38.2% Retracement
* Divergence in MACD and Price
* ADX near the 29 level
Conslusion: There might be a downward breakout in the Sensex. for the continuation of Correction of ABC.
Thank You.
Swash Analysis.
SENSEX & NIFTY Dead cat bounce? Judgement Day is close by!I feel like we are still in a bear market. After the lockdown extension (if extended, which it mostly will) it will trigger another sell off in the markets. I'm currently have very tight stop losses to my positions. I suggest you do the same..
- Kautilya.K
Sensex (fall again?)Rising wedge at the end of a downtrend , signalling another fall to the 25k levels
once jhunjhunwala said in interview, sensex is a lazy horse jhunjhunwala - i don't track sensex, i track nifty50
also see, banknifty and nifty50 you will find, their correlation.
Third Time Lucky?We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher.
That may not be the case. Well so far, let's wait till end of day to draw any conclusions.
There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open for one day on Monday before the next public holiday on Tuesday. It's a long week, so stay home, stay safe.
May your longs go up, and your shorts go down!
I was wrong, but I was never in doubt about the $SENSEX!Just after I published a recording on a dead cat bounce, immediately after the market started inching upwards, as if someone had switched a bot on. Was this a coincidence, or are there bigger conspiracies at play :D -- or was insider buying taking place?
I don't watch / listen to the news, because it brings very little value these days. And the markets factor everything before the reports can report. So what's going on? Take a look at the 5 minute chart to see unusual buying behavior.
Could it be just pharma stocks rock and rolling or could it be MSCIs weightage adjustment for India. Let's have a relook and decide what needs to be done next.
Could we be looking at a dead cat bounce in BSE?While the BSE:SENSEX index is showing some strength today, are we out of the woods? India is still in just the first week of a 21 day / 3 week lock down.
I'm sure many traders don't have anything better to do at home, so trading might be their stress buster!
Just wait until their wives ask them to buy 'subji' instead of 'stocks' :D
I may be saying this like a broken record, but lock downs are not the solution. I could elaborate on this, but it won't be worth the time and effort. In the meanwhile, watch the charts to see how the price action is.
Whether this is a dead cat bounce or a dead horse bounce, we'll find out in a few days/weeks. Till then hang on... may your longs go up, and your shorts go down!
BSE SENSEX | SHORT @30000 and LONG @20000 will be the Gameplay*There is a short expectation from 30000 to 20000 which will cover nearly 10000 pts bear.
*Investors can look around 20000 for a best price to invest with their respective stocks.(Can hold for 5-10 yrs).
Waiting For the Gap To Be FilledGap fills are easy to predict, they happen, they may take time, but they happen. After the last gap up, we still haven't seen the market close that gap. If the market wants to go further, let's wait for this to be gap to be filled.
Sensex Index UP Coming Trend Analysis Hi
we believe that there exist a Three Drive Pattern for which it takes few days to complete and then we have a bearish retracement for which we may Short the Market.
The Fundamental analyses are base on the current Oil Price and problems in Middle East and as we have analysed the NIFTY, we can conclude there is a upcoming Bearish Trend as the Oil Pries may go Higher so the companies should face the Demand issues and their productivity comes down so their stock price...
Best of Luck
Trade Sensibly
please write your ideas for us so we can discus and develop our knowledge
