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COMING WEEK IS MOST CRUCIAL FOR ALL ASSET CLASSES – ALL OVER THE GLOBE . . .

Trading  levels  2^nd / 6^th November    2020

About 50 % of NIFTY FIFTY companies have declared second quarter results.  Leaving out IT companies, most of them have hardly managed to give on par or in fact  lower than last  year first half performance -  BUT ARE BEING CHEERED BY BROKERS / ANALYST COMMUNITY AS IF THERE IS A VERY BIG BEAT ON YOY PERFORMANCE.

EVEN THE BIG BOY RELIANCE FALLS IN THE SAME CATEGORY. Compared to 31^st October 2019 …. The stock price is up 35 % but the half yrly performance  for FY 21 is much lower than FY 20 ( INSPITE OF NEAR 4000 CRORE CREDIT OF ONE TIME GAIN CLAIMED IN FIRST QTR ).    IT IS SO MUCH LOWER THAT THERE IS REALLY NO CHANCE THAT IT WL BE MADE UP EVEN IN FULL FY21.

 By Wednesday 4^th Nov morning, we should know who will be the next USA president. I expect a minimum 5 % swing depending on the outcome. The individual stocks will move 10/12 % easily.

SO PUNTERS HOLDING LEVERAGED POSITIONS SHUD  HAVE GOOD HEDGES BUILT  TO AVOID CATASTROPHY.

GOLD AND SILVER AS WELL AS CURRENCIES CAN HAVE VIOLENT FLUCTUATIONS.

I am seeing big divergences on daily and weekly NIFTY charts and I only hope the history does not repeat by giving a very vicious correction which looks apparent.

MORE AND MORE INDIANS ARE NOW LOOKING TO DIVERSIFY BY INVESTING OUTSIDE INDIA AND ALSO IN PHYSICAL ASSETS LIKE GOLD AND SILVER. KEEPING THAT IN MIND, I HV STARTED FROM TODAY GIVING WEEKLY LEVELS FOR US INDICES / GOLD AND SILVER. I HOE THESE WILL BE USEFULL.

VERY UNUSUAL RESULT SEASON WHERE A ZERO GROWTH ON YOY BASIS IS ALSO BEING CHEERED . . .

Trading  levels  26^th / 30^th  October   2020

About 30 % of NIFTY FIFTY companies have declared second quarter results.  Leaving out IT companies, most of them have hardly managed to give on par or in fact lower than last  year first half performance -  BUT ARE BEING CHEERED BY BROKERS / ANALYST COMMUNITY AS IF THERE IS A VERY BIG BEAT ON YOY PERFORMANCE.

The stock prices are galloping ahead assuming Q on Q performance will be repeated in 3^rd / 4^th quarter as well.

Banks / NBFCs are not allowed to recognize NPAs till date ( as per supreme court order ). Look at SBI cards results … co is stating that real NPAs are 7.5 % but they can recognize only 4.7%  officially. So, the results look much better optically for whole financial sector which is pushing NIFTY up for last 2/3 weeks.

SO LITMUS TEST WILL NOW COME IN DECEMBER 2020 RESULTS.

I am seeing big divergences on daily and weekly NIFTY charts and I only hope the history does not repeat by giving a very vicious correction which looks apparent.

MORE AND MORE INDIANS ARE NOW LOOKING TO DIVERSIFY BY INVESTING OUTSIDE INDIA AND ALSO IN PHYSICAL ASSETS LIKE GOLD AND SILVER. KEEPING THAT IN MIND, I HV STARTED FROM TODAY GIVING WEEKLY LEVELS FOR US INDICES / GOLD AND SILVER. I HOE THESE WILL BE USEFULL.

Indices  weekly  levels

PRIVATE BANKS ON THE RAMPAGE – LIFT  NIFTY TANTALISINGLY CLOSE TO ALL TIME HIGH . . .

Trading  levels  12^th / 16^th   October   2020

Banks continued to climb higher whole of last week reaching a srescendo on Friday on the back of some favourable announcement from RBI. Further non recognition of NPAs due to moratorium has anyway lifted the banking bull’s spirits.

RELAINCE  did its bit by absorbibg the impact of Trump’s tweet  by flaring up over 100 points on Wednesday – ensuring the downside was nullified completely.

I am seeing big divergences on daily and weekly NIFTY charts and I only hope the history does not repeat by giving a very vicious correction which looks apparent.

Saving grace for bulls is DXY ( dollar index ) which has moved to 93 from 94.5  10 / 12  days ago. 

Gap left on 7^th around 10760 may be the first one to get filled and then lower levels shud come. I AMAY BE ODD MAN OUT CALLING FOR SOME CORRECTION AS EVERYONE SEEMS TO BE WAITING FOR NEW ALL TIME HIGH.

I am giving below my weekly indices levels which u can use to take weekly positions in options and specific stocks looking at sector index.

Indices  weekly  levels