Smallcaps in India have not had that stellar a move as the largecaps. Infact most people have the same complaint - Nifty is at an all time high but our portfolios are down. The reason for this is smallcaps are…
Month: November 2020
Bank Nifty breaks key Resistance
In Technicals, what once was Support turns Resistance and vice versa. On analysing charts we see this works out beautifully. See the chart of Bank Nifty below: The blue horizontal line which is around 25100-25200 levels has been Resistance in…
Dollar Index at trend line support
The Dollar Index is at a very critical support level. How it behaves here will impact how equities perform going forward. See this trendline going back from 2011. It has acted as support for this entire period. Dollar Index is…
VIX cooling off
VIX has started cooling off as the votes were being counted. This was as per our expectations. See the chart of SP500 VIX below: SP500 VIX fell from 40 odd levels to 27 which is a fall of 33%. See…
Bank Nifty at critical levels
Bank Nifty Index has given a long term positional buy on point and figure charts. See the 3X3 (3% box size and 3 box reversal) point and figure chart of Bank Nifty . The blue circled regions show the buy…
