- Falling Knife or Buying Opportunity - What experts have to say?
- People have strong opinion on markets but it is the opinion of the market that counts. The market Opinion can only be captured by following price action
- Surprise Surprise...The price action in Indian market on Friday despite BREXIT chaos was Bullish. Traders bought the dips and there was no real panic. The Bullish trend persists.
- Having said that - Nifty still closed deep in red on Friday
- The large cap Banks witnessed the selling on Friday
- Good News for India: Crude Oil plunges 5% on Friday. Crude @$50 now looks like a ceiling
- If Crude has hit the ceiling - Jet Airyways stock has hit the 200 dma. Can this be perceived as an opportunity?
- Here's one Breakout to keep an eye on with Crude making a ceiling at $50. - Premium Members ONLY
- The other big local factor at work for Indian market: Monsoon.
- Monsoon sensitive stocks made a bullish move on Friday despite BREXIT chaos.
- Here's one monsoon related stock that has been upgraded by Morgan Stanley.
- The other Factor in India's favor: GST. It means strong interest in Logistics stocks. It did happen on Friday
- New Case Study: How a Large Candle Breakout delivers impressive results - Premium Members
- This is how stocks behave when they lack direction. Here's Reliance Chart going nowhere
- When sector loses momentum, then it becomes difficult to imagine where the support is. Tyre stocks struggling to find feet as of now
- JSW Holdings: The stock has made a large candle momentum move. Can the momentum help the stock climb higher?
- In times of uncertainty – people buy Gold. One ETF to keep an eye on in Indian market: GOLDBeeS
- Twitter wisdom.
- Stocks position for Breakout before breaking out. I covered this theory last week and the stock I covered as an example broke out on Friday. Here's the Concept for Members ONLY.
- Do you like State of the Market Website. Please support it. Purchase the Video Book - Science of Stock Price Action and get full access to all the additional content for 6 months.
When it comes to financial markets: Here's the basic fact -
"Market commentators know absolutely nothing and pretend they know everything"
— Deepak Singh (@smarket) June 26, 2016
— sandip sabharwal (@sandipsabharwal) June 26, 2016
— CNBC-TV18 News (@CNBCTV18News) June 24, 2016
A major mistake most traders make is using their own fear as an exit signal and their own greed as an entry plan.
— Steve Burns (@SJosephBurns) June 15, 2016
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers