Blog Posts - Consolidation

S&P 500 index chart patternThe following remarks were made in last week's post on the daily bar chart pattern of S&P 500: "Some more correction is possible. Support can be expected from the rising 50 day EMA. Bulls have been buying on every l...

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 continued with its previous week's sideways consolidation - touching a new high of 2194 on Mon. Aug 15 and a low of 2168 on Wed. Aug 17 before closing flat for the week.The ris...

Neither bulls nor bears were able to gain much advantage during a holiday-shortened trading week. FIIs were net buyers of equity worth Rs 1250 Crores, as per provisional figures. DIIs were net sellers of equity worth a little more than Rs 100 Crores.

Gold chart patternThe following comments were made in the previous post on the daily bar chart pattern of Gold: "Volumes are a bit of a concern. They need to pick up for the rally to sustain. Otherwise, gold's price can see some consolidation." ...

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 consolidated within a narrow range during the week - touching a low of 2172 on Aug 10 and a new lifetime high of 2188 the following day.Though the index barely gained a po...

Bulls (i.e. FIIs) and bears (i.e. DIIs) fought each other to a standstill during the week. FIIs were net buyers of equity worth Rs 3525 Crores; DIIs were net sellers of equity worth almost Rs 3250 Crores, as per provisional figures.On a weekly closin...

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 broke downwards from the previous two weeks' consolidation zone to touch a low of 2148 on Aug 2, but bounced up after receiving good support from its rising 20 day EMA.Str...

FIIs were net buyers of equity worth Rs 2800 Crores during the first trading week of Aug '16. DIIs were net sellers of equity worth Rs 1500 Crores, as per provisional figures, but were net buyers on Fri. Aug 5 - enabling both Sensex and Nifty to clos...

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "Some more consolidation - or a correction - is likely. Booking part profits may be a good idea."The index continued its...

FIIs were net buyers of equity during Jul '16. Their net buying for the month totalled Rs 10,100 Crores, which exceeded their combined net buying during Apr-Jun '16. DIIs were net sellers of equity worth Rs 6050 Crores, as per provisional figures.Sen...

S&P 500 index chartNegative divergences and overbought conditions of technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a pause in the bull rally.The index consolidated within a narrow range...

FIIs continued in 'buy mode' during the week. Their net buying in equities exceeded Rs 2200 Crores, as per provisional figures. DIIs were net sellers of equity worth Rs 1600 Crores. Sensex closed marginally lower, while Nifty closed flat fo...

Road construction companies have reasons to rejoice. NHAI Chairman announced yesterday that 10,000 KM of roads and national highways projects will be awarded for physical construction during FY 2016-17.Government's capital infusion of Rs 23,000 Crore...

There was good and bad news on the economic front. First, the good. IIP number for May '16  was 1.2% against -0.8% for Apr '16. It was only the second month of industrial growth during the past 6 months.However, CPI inflation for Jun '16 was sli...

S&P 500 index chartThe daily bar chart pattern of S&P 500 soared on a better-than-expected employment report for June, rising above the 2130 level on Fri. Jul 8 before closing just below it. It was the highest level touched by...

Gold chart patternThe daily bar chart pattern of Gold had formed a 'reversal day' bar on Jun 16 with good volume support. That had triggered a correction that found support from the rising 50 day EMA on Jun 23.The unexpected result of the BrExit...

FIIs were net buyers of equity on all 5 days of the week. Their net buying totalled less than Rs 1500 Crores. DIIs were net sellers of equity worth Rs 925 Crores, as per provisional figures.Concerns about 'Brexit' led to a global sell off in equity m...

A  delayed monsoon and an upside risk to CPI inflation were the probable reasons why the RBI Governor kept repo, reverse repo and CRR rates unchanged during yesterday's policy announcement.Though the move was widely anticipated by economists and...

S&P 500 index chartIn a holiday-curtailed trading week, the daily bar chart pattern of S&P 500 consolidated sideways within a 20 points range - touching a lower top of 2105 on Jun 2 and ending absolutely flat on a weekly closing basis.Al...

The improving economic climate and general house price increases have led to an increase in of second charge secured loans following their virtual disappearance after the financial crisis of 2008. The changing face of second charge secured loans Trad...

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