NIFTY: Debates and Deliberations!
While bears preparing for a hope day, bulls turn one more time the hopeless day.
Bear's mauled in style, punching and stretching the limits. No debates no deliberations?
While we talk on debate, the first Presidential debate between Trump and Joe Biden later in the day.
The deliberation is from the candle stick pattern. They are not exact in conditions, 1. the first candle open is with gap, and the yesterday candle open is with gap but marginal. Both these put together does not make it a perfect deliberation candle. It is more of an Advance Block.
In normal circumstances, this pattern opens some corrective follow up candle and being an expiry day, and the cues being not that great that possibility is very much on.
US Dollar Index hits briefly above 106.06 now giving back its gains. Some higher base consolidation continues.
The Australian inflation after the Canadian Inflation tumbles the bond prices. Slowly questions on rate cuts by the Central Banks would flash more than questions on why they are not cutting. Inflation is not going in a hurry.
JPY further tanks past 160. JPY retail sales tad better this morning, ditto Korean Business Confidence. Turkey Interest Rate decision, if that is of any interest.
Important data later is the US Durable Goods, GDP Final numbers, Weekly Jobless Claims, Pending homes sales, in simple the revisions and the additions (new data) are the one to watch.
Supports 23830-23780-23720-23650
Supply 23850-23880-23910
Bear's mauled in style, punching and stretching the limits. No debates no deliberations?
While we talk on debate, the first Presidential debate between Trump and Joe Biden later in the day.
The deliberation is from the candle stick pattern. They are not exact in conditions, 1. the first candle open is with gap, and the yesterday candle open is with gap but marginal. Both these put together does not make it a perfect deliberation candle. It is more of an Advance Block.
In normal circumstances, this pattern opens some corrective follow up candle and being an expiry day, and the cues being not that great that possibility is very much on.
US Dollar Index hits briefly above 106.06 now giving back its gains. Some higher base consolidation continues.
The Australian inflation after the Canadian Inflation tumbles the bond prices. Slowly questions on rate cuts by the Central Banks would flash more than questions on why they are not cutting. Inflation is not going in a hurry.
JPY further tanks past 160. JPY retail sales tad better this morning, ditto Korean Business Confidence. Turkey Interest Rate decision, if that is of any interest.
Important data later is the US Durable Goods, GDP Final numbers, Weekly Jobless Claims, Pending homes sales, in simple the revisions and the additions (new data) are the one to watch.
Supports 23830-23780-23720-23650
Supply 23850-23880-23910
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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