Blog

Pound Note

It would be a waste of time to say anything definitive ahead of NFP release Friday.  So we won’t dwell much on any particular technical trade but GBP/USD is something we can focus on.  We are long GBP/USD based on this rationale and looking...

GBP/USD – Pound Resurrection – 9/1/2016

It would be a waste of time to say anything definitive ahead of NFP release Friday.  So we won’t dwell much on any particular technical trade but GBP/USD is something we can focus on.  We are long GBP/USD based on this rationale and looking...

Housing is a very basing need and first sign of independence and prosperity.  With uplifting of Indian middleclass, this particular segment of the economy is going to keep on booming for next few decades.  Also as people seek for better opportunities they migrate to...

LIC Housing Finance – Up Up And Away – 8/30/2016

Housing is a very basing need and first sign of independence and prosperity.  With uplifting of Indian middleclass, this particular segment of the economy is going to keep on booming for next few decades.  Also as people seek for better opportunities they migrate to...

Stock market Buy Sell

For ABB India Ltd. stock, 1000 is solid support.  We will be salivating to grab some at that level. Between 2009 and 2013, it spent most of the time between 500 points wide boundary of 400 – 900 and now if it wants to...

ABB India Ltd. – Technical Analysis – 8/29/2016

For ABB India Ltd. stock, 1000 is solid support.  We will be salivating to grab some at that level. Between 2009 and 2013, it spent most of the time between 500 points wide boundary of 400 – 900 and now if it wants to...

Following the footsteps of big bellwether Infosys, Wipro is exhibiting the recent malaise prevalent in IT industry.  Milking the clients just by offering cheap labor model has its limitation. In the age of machine learning, human clients are learning that instead of paying huge...

Wipro – Wilting Under Its Own Weight – 8/25/2016

Following the footsteps of big bellwether Infosys, Wipro is exhibiting the recent malaise prevalent in IT industry.  Milking the clients just by offering cheap labor model has its limitation. In the age of machine learning, human clients are learning that instead of paying huge...

Forex

Slowly but steadily EUR/USD is scaling one level after another. About a month ago we questioned sell the rally idea on EUR/USD after Fed and switched from seller to buyer.  So far so good and nothing to worry other than usual jitters.  Of course,...

EUR/USD – Path Towards 1.1600 – 8/22/2016

Slowly but steadily EUR/USD is scaling one level after another. About a month ago we questioned sell the rally idea on EUR/USD after Fed and switched from seller to buyer.  So far so good and nothing to worry other than usual jitters.  Of course,...

After a long slide from 450 to 200, finally it looks like ONGC ( Oil and Natural Gas Corporation of India ) wants to go higher or at least stabilize near this band.  We are dabbling with long entries scattered near 220.  There is...

Oil & Natural Gas Corporation ( ONGC ) – Time To Buy – 8/19/2016

After a long slide from 450 to 200, finally it looks like ONGC ( Oil and Natural Gas Corporation of India ) wants to go higher or at least stabilize near this band.  We are dabbling with long entries scattered near 220.  There is...

Stock market Buy Sell

At 95, Dollar index is at very significant juncture technically.  A clean break here can open the path for 92 and 90. If DXY stabilizes here then a messy low range of 94 – 96 might continue for longer. Further ramp up of rate...

Dollar Index – Make Or Break Level – 8/17/2016

At 95, Dollar index is at very significant juncture technically.  A clean break here can open the path for 92 and 90. If DXY stabilizes here then a messy low range of 94 – 96 might continue for longer. Further ramp up of rate...

Forex

Easy money has already been made in short GBP/USD trade.  Now as GBP/USD will approach 1.25 on decent dips, equation will be skewed to help buyers.  Even a little positive ( or even less negative ) data will create short squeeze like the one...

GBP/USD – Shorting Pound Is Going To Be Painful – 8/16/2016

Easy money has already been made in short GBP/USD trade.  Now as GBP/USD will approach 1.25 on decent dips, equation will be skewed to help buyers.  Even a little positive ( or even less negative ) data will create short squeeze like the one...

Nothing can defy gravity forever in markets.  Grasim industries stock’s nonstop run from 3200 to 5400 has finally come to an end.  Almost 1000 points, which took around 3 months to gain have been undone in just 3 days.  There is a lesson for...

Grasim Industries – Technical Analysis – 8/12/2016

Nothing can defy gravity forever in markets.  Grasim industries stock’s nonstop run from 3200 to 5400 has finally come to an end.  Almost 1000 points, which took around 3 months to gain have been undone in just 3 days.  There is a lesson for...

Forex

Didn’t we said the same thing last month too ?! Well, Yes we did and still we maintain the same buy side bias as we did even during previous month ! Argument is still pretty much intact about BOE and ECB divergence.  If USD...

EUR/GBP – Wheels Are Aligning for 0.9000 – 8/11/2016

Didn’t we said the same thing last month too ?! Well, Yes we did and still we maintain the same buy side bias as we did even during previous month ! Argument is still pretty much intact about BOE and ECB divergence.  If USD...