Chapter 43 The Immune System A macrophage engulfing bacteria.
10442 - · PDF filebelthold engulfing falling 3 dark cloud. created date: 12/2/2017 11:20:35...
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• Megaphone pattern indicates an immediate support placed near 9930 with the weekly RSI placed near its immediate swing support, index is expected to slip towards the same in no time • Sustenance below the level of 9930 could be a major setback for the broader trend & could have a domino effect on the larger degree time frames • Relatively low rollovers into the new series coupled with Highest OI build ups at 10000 PE & 10500 CE replicate the beginning of the previous series • INDIA VIX is nearing 15 & a jump above the same could fuel the decline during the month • ‘Bearish Belt-Hold’ formation near 10340 remains a significant resistance & an ideal level to maintain stops as the index is expected to swing towards 9930 • Traders should retain their shorts & reassess their positions only near significant levels of 9930 or 10340 • Banking, Auto, Metals & Pharma could be key flag bearers during the decline while IT & Oil & Gas stocks could display resilience As expected, Index faced strong headwind near 10400 & eventually lack of strength has propelled it towards the Weekly pattern support placed near 9930. Occurrence of an ‘Inside Bar’ followed by a ‘Bearish Belt-Hold’ formation re-iterate the strength in the resistance near 10300-10400 band for the current month. Traders should continue to remain short until the ‘Belt Hold’ formation holds i.e. 10334 is not violated and reassess their stance near the key support zone near 9930. Jump in India VIX above 15 could fuel the pace of decline while the upcoming events viz. RBI Monetary Policy, Election results, FOMC meet could keep the volatility high. REALTY PSU ENERGY METAL NIFTY FINANC FMCG AUTO MEDIA MNC 319.15 3767 13941 3618 10122 10256 25667 11119 3253 13612 0.42% -6.00% -3.27% -3.25% -2.58% -2.38% -1.17% -1.62% -0.38% -0.07% 176.19 1202.57 771.07 -428.15 427.63 1466.94 837.22 825.50 613 01-DEC-17 30-Nov-17 29-Nov-17 28-Nov-17 24-Nov-17 23-Nov-17 22-Nov-17 21-Nov-17 20-NOV-17 306.11 -1500.76 -859.27 12.24 -416.28 73.22 -441.46 -727.01 -358.74 1 st December 2017 10122 10442 10495 10352 10299 10209 26007 25894 25757 25644 25507
Transcript of 10442 - · PDF filebelthold engulfing falling 3 dark cloud. created date: 12/2/2017 11:20:35...
• Megaphone pattern indicates an immediate support placed near 9930 with the weekly RSI placed near its immediate swing support, index is expected to slip towards the same in no time
• Sustenance below the level of 9930 could be a major setback for the broader trend & could have a domino effect on the larger degree time frames
• Relatively low rollovers into the new series coupled with Highest OI build ups at 10000 PE & 10500 CE replicate the beginning of the previous series
• INDIA VIX is nearing 15 & a jump above the same could fuel the decline during the month • ‘Bearish Belt-Hold’ formation near 10340 remains a significant resistance & an ideal level to maintain stops as the
index is expected to swing towards 9930 • Traders should retain their shorts & reassess their positions only near significant levels of 9930 or 10340 • Banking, Auto, Metals & Pharma could be key flag bearers during the decline while IT & Oil & Gas stocks could display
resilience
As expected, Index faced strong headwind near 10400 & eventually lack of strength has propelled it towards the Weekly
pattern support placed near 9930. Occurrence of an ‘Inside Bar’ followed by a ‘Bearish Belt-Hold’ formation re-iterate
the strength in the resistance near 10300-10400 band for the current month. Traders should continue to remain short
until the ‘Belt Hold’ formation holds i.e. 10334 is not violated and reassess their stance near the key support zone near
9930. Jump in India VIX above 15 could fuel the pace of decline while the upcoming events viz. RBI Monetary Policy,
Election results, FOMC meet could keep the volatility high.
REALTY
PSU
ENERGY
METAL
NIFTY
FINANC
FMCG
AUTO
MEDIA
MNC
319.15
3767
13941
3618
10122
10256
25667
11119
3253
13612
0.42%
-6.00%
-3.27%
-3.25%
-2.58%
-2.38%
-1.17%
-1.62%
-0.38%
-0.07%
176.19
1202.57
771.07
-428.15
427.63
1466.94
837.22
825.50
613
01-DEC-17
30-Nov-17
29-Nov-17
28-Nov-17
24-Nov-17
23-Nov-17
22-Nov-17
21-Nov-17
20-NOV-17
306.11
-1500.76
-859.27
12.24
-416.28
73.22
-441.46
-727.01
-358.74
1st December 2017 10122
10442
10495
10352
10299
10209
26007
25894
25757
25644
25507
1st December, 2017
FRETAIL
BIOCON
MAJESCO
CROMPTON
890.00
445.55
555.90
268.05
889.65
443
534
263
887.30
434
520
248
IBULHSGFIN
TATAMOTORS
AUROPHARMA
LT
1144.75
398.90
672.40
1211
1187
409
693.50
1222
1190
419.60
715.50
1220
FORTIS
GAIL
143.6
455.6
WKLY
WKLY
ENGULFING
RISING 3
JSWSTEEL
DLF
ASHOKLEY
TITAN
252.05
225.90
120.05
690.20
DLY
DLY
WKLY
WKLY
BELTHOLD
ENGULFING
FALLING 3
DARK CLOUD
