Sensex
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
2008 vs 2020 Nifty Index2008 vs 2020
as we see similarities of first decline of -30% (2008) & -39% (2020)
and first correction of 25% in both 2008 and 2020 scenarios.
2008 2nd decline +4 months -28.5%
2008 3rd decline +4months - 51%
Total depression in 2008 was 64.55%
Depression will we see in 2020 should be should be above 60% too
bullish trend we are seeing in 2020 is just a correction
Nifty Demand and supply zones according to me
Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply.
Market never turns its back towards this system, price will always respect these zones.
Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your chart. This chart is having extremely important data in it, analyse this chart deeply.
I know i am sharing idea after long time, was busy with some stuff hence forth will try to share ideas more frequently.
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!