Blog Posts - Rounding Bottom



Nifty chart: a midweek technical update (Dec 14 '16)

FIIs have turned bears once again. Their net selling in equities crossed Rs 29 Billion during the first three days of trading this week. DIIs were net buyers of equity worth only Rs 1.2 Billion. Nifty has shown remarkable resilience despite strong se...

Sensex, Nifty charts (Dec 09, 2016): bulls assert themselves but bears still on top

FIIs and DIIs were bullish during a week when volume of transactions dipped 17.5%. FIIs were net buyers of equity worth Rs 9.37 Billion; DIIs were net buyers of equity worth Rs 2.97 Billion, as per provisional figures. Both Sensex and Nifty gained ab...

WTI and Brent Crude Oil charts: end of short-squeeze rallies?

WTI Crude Oil chartThe 'V' shaped rally on the daily chart pattern of WTI Crude Oil surged past the 49 level before correcting and closing below 47.50. Shorts got squeezed after OPEC's announcement of a meeting in end-Sept. '16 to discuss a...

Stock Chart Pattern - Great Eastern Shipping (an update)

These were introductory comments in the previous post on Great Eastern Shipping 7 years ago: "Fundamentally strong, with very good profit margins, strong cash flows from operations, low P/E ratio, regular dividends - all the hallmarks of a stock that...

Gold and Silver charts: sharp corrections provide buying opportunities

Gold chart patternThe daily bar chart pattern of Gold corrected sharply below its 20 day and 50 day EMAs but bounced up with strong volumes after receiving good support from the 1200 level.The 200 day EMA is rising. Gold's price is trading above...

Gold and Silver charts: long-term bear markets coming to an end?

Gold chart patternThe following comments were made in the previous post on the daily bar chart pattern of Gold: "All three daily technical indicators are looking extremely overbought, which can lead to a price pullback towards the 1180 - 1200 zone. B...

Gold and Silver charts: bear market rallies from Dec '15 lows coming to an end?

Gold chart patternA two months long bear market rally on the daily bar chart pattern of gold, triggered by sell-off in global stock markets and plummeting oil prices, may be coming to an end.Gold's price have gained more than 5% during Jan '16 after...

BSE Sensex and NSE Nifty 50 index chart patterns – Nov 27, 2015

Bulls were active in a truncated F&O settlement week. Both Sensex and Nifty closed 1% higher for the second week in a row – ending the intermediate down trend within a larger down trend. FIIs remained bears – as they have been for most of th...

BSE Sensex and NSE Nifty 50 index chart patterns – Oct 23, 2015

FIIs remained bullish in a holiday-shortened trading week. Their net buying in equities crossed Rs 1600 Crores, as per provisional figures. DIIs kept bulls in check with their net selling of equity worth Rs 900 Crores. IPOs have started to hit the m...

Nifty chart: a mid-week update (Sep 16 ‘15)

Inflation seems to be well under control. WPI fell for the 10th straight month to –4.95% in Aug ‘15, compared to –4.05% in Jul ‘15 and 3.85% in Aug ‘14. CPI dropped slightly to 3.66% compared to a downwardly adjusted 3.69% in Jul ‘15 and...

BSE Sensex and NSE Nifty 50 index chart patterns – Aug 21, 2015

Economic slowdown in China leading to a sharp fall in commodity prices, recession in countries like Brazil and Chile, renewed turmoil in Greece were several reasons cited for massive selling by FIIs across global markets including India. As per prov...

BSE Sensex and NSE Nifty 50 index chart patterns – Aug 14, 2015

WPI inflation was –4.05% in Jul ‘15 against –2.4% in Jun ‘15. It was the 9th straight month of contraction – thanks to lower prices of food and manufactured items. The possibility of an interest rate cut by RBI due to low CPI and WPI cheere...

BSE Sensex and NSE Nifty 50 index chart patterns – Aug 07, 2015

Q1 (Jun ‘15) results declared so far have been less than encouraging, with top line and bottom line pressure visible across sectors. PSU banks continue to disappoint. Auto biggies like Tata Motors and M&M declared weak numbers. Modi’s “Mak...

Nifty chart: a mid-week update (Aug 05 ‘15)

RBI Governor kept interest rates unchanged during Tuesday’s policy meeting. A sell-off ensued as some market players were hoping against hope for a 25 bps rate cut. The overall monsoon rainfall during Jun & Jul ‘15 have been deficient by ab...

BSE Sensex and NSE Nifty 50 index chart patterns – Jul 31, 2015

Auto sales of several manufacturers showed healthy double-digit growth during Jul ‘15, with M&M being an exception. That was the good news. Now, some bad news. India’s fiscal deficit during Q1 (Jun ‘15) touched almost $45 Billion, more tha...

BSE Sensex and NSE Nifty 50 index chart patterns – Jun 19, 2015

Sensex and Nifty completed 6 straight trading sessions with gains, marking their highest percentage weekly gains in nearly 5 months – thanks mainly to a rally in RIL stock. Above average monsoon rainfall also boosted investor sentiments. FIIs rema...

Gold and Silver charts: an update

Gold Chart Pattern The following remarks were made in the previous post on the daily bar chart pattern of gold: “The bullish pattern of 'higher tops and higher bottoms' from the Mar '15 low still remains in force. But for how much longer? Strong v...

BSE Sensex and NSE Nifty 50 index chart patterns – May 22, 2015

Both FIIs and DIIs were net buyers of equity during the week – of about Rs 1800 Crores each. While DIIs were net buyers on all five trading days, FIIs did the bulk of their net buying on Mon. May 18, and were net sellers of small amounts on Tue. Ma...

Nifty chart: a mid-week update (May 20 ‘15)

The big boys have started announcing their Q4 results, but there is not much to feel excited about. Tata Steel announced a huge loss. A few PSU banks bucked the trend by declaring decent set of numbers. Unseasonal rains had damaged standing crops bu...

BSE Sensex and NSE Nifty 50 index chart patterns – Apr 10, 2015

There was good news on the macroeconomic front. The IIP number for Feb ‘15 was at a three-month high of 5%. The revised figure for Jan ‘15 is 2.8%. Growth was broad-based. Only consumer durables showed contraction. Passenger car sales increased...


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