NIFTY: SIP SIP Hurray!
It is nearly a month of absence from writing, markets continue to do what the charts dictate.
The divergence that continued to appear in various spaces finally started yielding, we printed the evening star (marked by the arrow). We are almost flat for the year save 300 points on the nifty, not absorbing the nominal returns forget about the costs of buying.
The damage is more in the small and mid-caps. While the headlines and narratives say SIP continue to hit highs, the rush for the ownership has limitations, too much of anything is injurious to the markets. While bear markets have often moved in V shape (not a mandatory, if one does not know ask Japanese investors).
With Elections on the cards, there is little incentive for the markets or the fund managers to aggressively push one way or the other, save the year end targets that is churned and shunned.
Asian Central Bankers in action, move over the west welcome the east. BOJ decision later in the day assumes greater significance, NIKKI publishes end of the low interest rates, one has to wait and see the details. Then comes the RBA Rate decision.
China without much of the fiscal moves improved some of the economic numbers, the currency gets some realignment. We don't see too many calls or expectations of rate cuts. Select commodities are on their zone of confidence.
Gold and Silver move out of the recent ranges, while they try and penetrate for further gains. Crude is all set to spoil the party. Willingness for cuts, attacks on Russian spaces, (call for Putin peace moves gets unnoticed), less gloomy economic landscape are all the reasons.
US Housing starts, Europe sentiment index, Canada Inflation are the focus in Europe and US sessions. The Yield continue to elevate, ahead of FOMC there is little to expect than the pressers.
For our Index, 21230 holds while 20850 attracts, break of to dictate, bears hold the edge than the bulls, a direct attack below 21900 on hourly close basis pushes the space towards the 21500 area. Short below 21230 above that wait for the ability to close.
The divergence that continued to appear in various spaces finally started yielding, we printed the evening star (marked by the arrow). We are almost flat for the year save 300 points on the nifty, not absorbing the nominal returns forget about the costs of buying.
The damage is more in the small and mid-caps. While the headlines and narratives say SIP continue to hit highs, the rush for the ownership has limitations, too much of anything is injurious to the markets. While bear markets have often moved in V shape (not a mandatory, if one does not know ask Japanese investors).
With Elections on the cards, there is little incentive for the markets or the fund managers to aggressively push one way or the other, save the year end targets that is churned and shunned.
Asian Central Bankers in action, move over the west welcome the east. BOJ decision later in the day assumes greater significance, NIKKI publishes end of the low interest rates, one has to wait and see the details. Then comes the RBA Rate decision.
China without much of the fiscal moves improved some of the economic numbers, the currency gets some realignment. We don't see too many calls or expectations of rate cuts. Select commodities are on their zone of confidence.
Gold and Silver move out of the recent ranges, while they try and penetrate for further gains. Crude is all set to spoil the party. Willingness for cuts, attacks on Russian spaces, (call for Putin peace moves gets unnoticed), less gloomy economic landscape are all the reasons.
US Housing starts, Europe sentiment index, Canada Inflation are the focus in Europe and US sessions. The Yield continue to elevate, ahead of FOMC there is little to expect than the pressers.
For our Index, 21230 holds while 20850 attracts, break of to dictate, bears hold the edge than the bulls, a direct attack below 21900 on hourly close basis pushes the space towards the 21500 area. Short below 21230 above that wait for the ability to close.
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