Blog Posts - Trend Line



Sensex, Nifty charts (Dec 16, 2016): bulls forced to yield some ground

FIIs and DIIs joined forces and turned bearish during a week when transaction volumes slipped by 3%. FIIs were net sellers of equity worth Rs 36.1 Billion, while DIIs were also net sellers of equity worth a more modest Rs 0.23 Billion.Despite all the...

S&P 500 and FTSE 100 charts (Dec 09 '16): bulls rule once again

S&P 500 index chart patternThe following were the concluding comments in last week's post on the daily bar chart pattern of S&P 500: "Some more correction to test support from the rising 20 day EMA can't be ruled out. However, the index shoul...

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...

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...

BSE Sensex and NSE Nifty index chart patterns – Jun 03, 2016

FIIs were net buyers of equity worth more than Rs 2600 Crores during the week. DIIs were net sellers of equity worth nearly Rs 1300 Crores, as per provisional figures.Both Sensex and Nifty traded well above their respective down trend lines, which we...

BSE Sensex and NSE Nifty index chart patterns – May 27, 2016

During the past week, FIIs were net buyers of equity worth Rs 675 Crores, as per provisional figures. DIIs were also net buyers of equity worth more than Rs 1900 Crores - thanks to regular inflows into mutual funds.Shorts were badly trapped in F&...

BSE Sensex and NSE Nifty index chart patterns – May 20, 2016

A hawkish stance by the US Fed raised the spectre of an interest hike in June '16. US Dollar rose to multi-week highs. Oil prices and Rupee plummeted. Brexit concerns (Britain's emexit from Eurozone) exacerbated a sell-off in global stock m...

BSE Sensex and NSE Nifty index chart patterns – May 13, 2016

FIIs and DIIs were both net buyers of equity last week. Their net buying was worth Rs 1700 Crores and Rs 2100 Crores respectively, as per provisional figures. Sensex and Nifty closed more than 1% higher for the week after two weeks of correction - bu...

BSE Sensex and NSE Nifty 50 index chart patterns – Apr 29, 2016

Trading activity was comparatively low during F&O expiry week. FIIs were net buyers of equity worth Rs 1060 Crores, but they were net sellers on the last trading day of the month. DIIs were net sellers of equity worth Rs 1410 Crores during the we...

BSE Sensex and NSE Nifty 50 index chart patterns – Apr 22, 2016

FIIs were in buying mode in another holiday-shortened trading week. Their net buying in equities was worth almost Rs 1900 Crores. DIIs turned net sellers of equity worth more than Rs 700 Crores.Both Sensex and Nifty crossed above their long-term movi...

Sensex is recovering after a year-long bear phase; which sectors will lead the next rally?

After touching a lifetime high in Mar '15, Sensex entered a down trend which has not yet been reversed after 13 months. However, the index has formed a small 'double bottom' reversal pattern in Feb '16 and been in a recovery mode since then.Almost al...

BSE Sensex and NSE Nifty 50 index chart patterns – Apr 01, 2016

Fiscal year 2015-16 was a big disappointment for long-term investors. After touching lifetime highs in Mar '15, both Sensex and Nifty entered down trends that are still in force - wiping out gains made during the previous fiscal year.Both indices tou...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 23, 2016

Activity was expected to be at a low key during a 3-day trading week truncated by Holi and Good Friday holidays. Continued buying interest from FIIs ensured that both Sensex and Nifty gained about 1.5% each on a weekly closing basis.As per provisiona...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 18, 2016

FIIs were net buyers of equity worth more than Rs 4000 Crores during the past week. DIIs were net sellers of equity worth Rs 2350 Crores, as per provisional figures. Forex reserves increased by $2.54 Billion during the week.Since the beginning of the...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 11, 2016

After 4 straight months of net selling in equities, FIIs have firmly turned bulls in Mar '16. Their net buying in equities was worth Rs 2700 Crores during the week, and Rs 8600 Crores during the first 8 trading days of the month.DIIs have turned bear...

BSE Sensex and NSE Nifty 50 index chart patterns – Mar 04, 2016

The Finance Minister stuck to the fiscal deficit target of 3.5% of GDP, and maintained status quo on long-term capital gains tax on equity holdings in his budget proposals. FIIs were reassured - despite lack of clarity on retrospective taxation...

Stock Chart Pattern - Cummins India (An Update)

The previous post was written more than 3 years ago, when the Rs 2 face value stock had soared past the Rs 500 mark. It subsequently corrected with the broader market and closed at a low of 374 in Aug '13.A spectacular bull rally followed. After...

BSE Sensex and NSE Nifty 50 index chart patterns – Feb 05, 2016

FIIs were net sellers of equity worth Rs 1000 Crores last week, as per provisional figures. DIIs were also net sellers of equity during the first three days, but turned net buyers on the last two days. Their net buying for the week was Rs 230 Crores.

Stock Chart Pattern - Balrampur Chini (An Update)

Sugar stocks are not really my cup of tea - though I do add a spoonful of sugar to my evening cuppa. The sugar business is cyclical and weather dependent. To make matters worse, policies and prices are subject to frequent interference by the gov...

BSE Sensex and NSE Nifty 50 index chart patterns – Jan 01, 2016

For the second month in a row, and in 4 of the last 5 months, FIIs were net sellers of equity. Their net selling was a little under Rs 2400 Crores during Dec '15. DIIs were net buyers of equity worth Rs 6300 Crores in Dec '15.How come both Sensex and...


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