Jan 27, 2014, 09.02 AM IST
The bearish price/momentum divergence formed between the December and November 2013 peaks suggests that the Nifty is likely to remain rangebound in the coming weeks with downside risk towards the 5,870-5,880 area, Laurence Balanco of CLSA said.
Tags Laurence Balanco of CLSA, Adrian Mowat of JP Morgan
Like this story, share it with millions of investors on M3
Nifty likely to be rangebound, downside risk at 5870: CLSA
The bearish price/momentum divergence formed between the December and November 2013 peaks suggests that the Nifty is likely to remain rangebound in the coming weeks with downside risk towards the 5,870-5,880 area, Laurence Balanco of CLSA said.
Like this story, share it with millions of investors on M3
Nifty likely to be rangebound, downside risk at 5870: CLSA
The bearish price/momentum divergence formed between the December and November 2013 peaks suggests that the Nifty is likely to remain rangebound in the coming weeks with downside risk towards the 5,870-5,880 area, Laurence Balanco of CLSA said.
Laurence Balanco of CLSA: The Nifty is in a tight trading range between 6,151-6,156 support and 6,383-6,480 resistance. The bearish price/momentum divergence formed between the December and November 2013 peaks suggests that the Nifty is likely to remain rangebound in the coming weeks with downside risk towards the 5,870-5,880 area.
Also Read - India to grow 5.4% in 2014, Asia seen weak: Poll
Adrian Mowat of JP Morgan: This weekend's financial press confirms that our bullish view on emerging markets (EMs) is non-consensus. Extrapolating Argentina's specific economic woes into other EMs is inappropriate. In a world of large EM-based sovereign wealth funds and numerous EMs with current account surpluses, it also is inappropriate to talk about developed market capital flows dwarfing EM flows. These fears provide a buying opportunity, in our view.
Also Read
Sudarshan Sukhani
s2analytics.com
Nifty breaking down from range; upthrusts have failed; support may emerge only at lower levels
A confirmation that never came. One day is a long time in the markets! In fact, even a few hours will change market structure that took months to develop. Friday the 24th was one such day.
Bank Nifty saw a down move and came back to its trading range. PSU Banks are under performing. These banks are now giving shorting opportunity. CNX IT is trading inside a narrow trading range. A breakout from this narrow trading range will decide the next direction of the IT Sector. Wait for a clear direction. We have NICKEL in METALS. Prices have seen an up move and now finding resistance. Then we have CEMENT Sector. The sector has seen a breakdown and Cement Stocks are now giving shorting opportunity. Stock in focus includes APOLLO HOSPITAL, MIND TREE, CESC and BANK OF BARODA. For each of these stocks, we analyze their technical picture; identify trades with stop loss and targets. At the end we have a possible trade in USD INR currency pair. We will discuss the stops and targets for this trade. Read full report »
Anda sedang membaca artikel tentang
Nifty likely to be rangebound, downside risk at 5870: CLSA
Dengan url
https://segarsaries.blogspot.com/2014/01/nifty-likely-to-be-rangebound-downside.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Nifty likely to be rangebound, downside risk at 5870: CLSA
namun jangan lupa untuk meletakkan link
Nifty likely to be rangebound, downside risk at 5870: CLSA
sebagai sumbernya
0 komentar:
Posting Komentar