Gold Trading above 200 Week Moving Average

If you are classical technical analysis user probably this might turn your attraction on gold weekly charts. Yes Gold is firmly trading above the 200 Week Moving Average after about a bunch of whipsaw around the 200 Weekly MA reference.So what do you think Gold Bulls are turning around? Current 200 WMA around 1235/Oz.

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Brokers Stocks Went Exponential

Brokers Stocks like Motilal Oswal and Edelweiss made exponential returns since 2014 last time similar exponential returns it generated during 2008 sub prime crisis.

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Yes Bank Down 5% on NPA Divergence – Misreporting of Bad Loans

Yes Bank had reported gross bad loans of Rs748.98 crore at the end of March 2016 compared to Rs4,925 crore assessed by the RBI. Yes Bank shares fell by 5% intraday after the lender disclosed this information in its annual report for fiscal year 2017 released on Friday trading session. Stock also broken down below 6 week low with strong volumes.

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Major World Markets to Underperform $SPX

Comparing to the benchmark index SPX500, most of the World Indices like Sensex, DAX, CAC, FTSE, Brazil Bovespa, Shanghai SSEC, Singapore STI and Hang Seng are currently in a weakening/lagging quadrant with declining RS-Momentum which implies that almost every major indices are likely to underperform $SPX in the very short term except Nikkei #RRGCharts

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Kotak Bank Charts with Resistance around 898

Kotak Bank Charts with cluster bubbles indicates that a possible resistance zone is getting built around 898 reference zone and poised for a short term trend reversal.

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State Bank Of India Charts with Resistance Around 297

State Bank of India Charts with cluster bubbles indicates that a possible resistance zone is getting built around 297 reference zone and poised for a short term trend reversal.

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Chart of the Day : Nifty IT and Nifty Pharma Weekly Charts

Nifty IT drops below 200 Weekly moving average last week and currently below 200 Weekly Simple Moving Average post the Infy earning results on last friday and on the other side Nifty Pharma is resting above 200 Weekly Moving Average and holding on to that for the last 4 months. Multiple attempts made in Nifty Pharma to break 200 WMA despite that Nifty Pharma is holding on above 200 WMA.

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S&P500 trailing 12-month P/E ratio is 21.5

S&P500 trailing 12-month P/E ratio is 21.5, above the 10-year average of 16.6. In fact, this marked the highest trailing 12-month P/E ratio for the S&P 500 since February 12, 2010, when the trailing 12-month P/E ratio was 24 On that date, the closing price of the S&P 500 was 1075.51.

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Interesting Charts – RELCAPITAL shows Near Term Weakness

Relcapital(Cash) daily charts sentiment turned negative today. Outside bar is witnessed in todays trading session and made an attempt to close below 4 day low.

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BankNifty Futures Market Profile and Orderflow Charts for 31st MAR 2017

Daily snapshots of BankNifty Futures Market Profile Charts (Normal and Split Version) and Orderflow Charts (8 Range Bar) for 31st MAR 2017

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