Is Nifty Pharma hungry enough to starts its second bull run?

Is Nifty Pharma hungry enough to starts its second bull run? Responsive coppock on increasing mode. Yet to turn positive. Bad news all over the counter yet index is managing to hold to trade in sideways on a broader scale. Higher timeframe sentiments are mixed monthly is holding positive and weekly is maintaining negative and daily sentiment is holding positive. Do you think a bounce back is on cards from here on?

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[Interesting Charts] Lupin : Responsive Coppock at Extreme

Lupin Daily chart shows responsive coppock oscillator is at the extreme which indicates a potential medium term trend could emerge with potential support coming around 853. Higher timeframes are continuing with positive sentiment. Buy on Dips is the strategy to practice in Lupin. Immediate resistance comes around 1080. Price is expected to reach the destination target 1405 in a span of 6-8 months.

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S&P 500 is making All Time High and High Yield Bonds are Not

Chart showing a strong divergence between S&P 500 index and High Yield Junk Bonds ETF (JNK and HYG). Interestingly S&P 500 is in the process of making all time high and the high yield bonds are not. Typically Junk bonds have high correlation with the market when the internals fail it is something which is not a good market sentiment for the current uptrend.

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Gold Bull Run About to Begin?

Gold is currently trading above 200 Weekly Moving Average post the touch of 200 Weekly Moving Average and sustained above 4 weeks with a descent rally. To me it looks like a new bull trend is likely to began as gold had spend significant amount of timewise correction. Almost 5 years spent in a broader consolidation phase between 1100-1400.

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Short-Term Buyers Baiting at 10500 Psychological Reference

Look out the amount of whipsaw happened around 10500 is that a cool way to bait weaker hand buyers. Every time Nifty Futures goes above 10500 the general crowd sentiment gets bullish. Is this how the weaker momentum buyers flow in?

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Three Sectors to Avoid Investing during Start of 2018 – RRG Charts

Three Sectors( Nifty Commodities, Nifty Energy, Nifty Metals) that might underperform Nifty in medium term as the mentioned sectors are entering into lagging quadrant. Its better to avoid these sectors in medium term if your investment horizon is 3-6 months.

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Classical Buying in ONGC at 200 MA levels

ONGC bounced back from 200 day moving average levels. Supports are expected around 175. Immediate Reference levels to watch on the higher side 192 and 195 in the short term. ONGC also currently trades above 200 MA hourly levels as well interesting setup to watch for short and medium term investing.

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Coffee Day Makes fresh 2 Year High

Coffee Day shares rose on fresh breakout hitting fresh 2 year high. It crossed one of the major resistance zone and possibly could garner breakout investors
attention. Average traded Volume in this counter is quite high in the first week of December relative to the past trading sessions. Next resistance level comes around the previous swing high 297 and 317 (IPO day high).

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A Day post Moody’s raises outlook on 3 PSU banks on recapitalisation plan.

Bank Recapitalization – The government’s plan to infuse Rs 2.11 lakh crore into struggling state-run banks over two years is credit positive for three public sector lenders(Bank of India,Union Bank of India,and Oriental Bank of Commerce) , Moody’s said in a report revising their outlook. Moody’s has changed the outlook to stable from negative for [...]

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SIP Contribution and Record Mutual Fund Inflow

Equity mutual funds (MFs) registered a record Net inflow of Rs1,50,000 crore in FY 17-18 on strong participation from retail investors. Post Demonetization – Systematic investment plans (SIPs) have been the preferred route for retail investors. During September 2017, the mutual fund industry received about Rs5,520 crore per month through SIP route alone.

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