Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

Stock Market Nifty Sensex Dow Jones View – As On 17 December 2018

We continue to predict a sideways market with sell on rise and buy on dips as well as individual stock price movement type trading market. Earlier also we have said that during the past month’s pull back many stocks which were hammered in the erstwhile sell off for as much as upto 50%; have made base and are likely to give 10-20% up move in the sideways, range bound type of scenario with low volume market participation and mutual fund buying where there is lack of speculative interest.

These stocks include stocks like SAIL, BHEL, Wockhardt, Adani Ports, Yes Bank, DHFL, and others.

One thing to notice is the sharp fall over last few days in crude oil prices of almost 30% to 50 USD per barrel from 75, and the easing tension on US-China trade war front. This may help a year end rally in already battered European, and Asian markets, while it is possible that USA markets may continue to remain sideways and non-eventful with bouts of volatility with no significant trendy movement. We are anyways already seeing a decoupling between the all three wiz.USA, Europesn, and Asian markets regard with the movements when we saw Asia markets perform better many days even though there was 500 points or more decline in USA markets the day ahead. So basically the trades are short term and a lot of portfolio shuffling is happening across the global investors groups.

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German Stock Market @ Lifetime High

Germany's benchmark DAX 30 stock-market index hit its highest level ever above 8900. It is close to cross 9000 mark.

It has made previous high at 8200 in 2007-08.
It is noticeable that at a time when most of European economies and global economy is far far from rosy type of shape, the Western equity markets are making new highs.
While economies such as China which is growing constantly have poor performing market. The Shanghai Composite Index of China made 6000+ level high in 2008 but crased to 1500 and since then trading around 2000 levels and only tried to reach as long as 3500 only. However, thanks to the index management of NSE and BSE guys, and the devaluation of rupee and the blessings of FII money SENSEX and NIFTY has been able to remain close to their lifetime highs for most of the last 5 and a half years. 
Now it is to be seen that in next few weeks, weather Indian markets are able to sing its bullish tune alongside the global markets and at least make a new high and sustain it, save the 'new bull market' rant for now.
YOU CAN READ 'WILL NIFTY MAKE A NEW HIGH OR NOT? CAN IT GO TO 6414, 7300 AND THEN 10000 LEVELS?' BELOW
http://meghainvestments.blogspot.in/2013/10/nifty-50-can-it-do-it-this-time-nifty.html

US Market Regulator SEC Probe into 6May WallStreet Crash

The USA Stock market regulator SEC and Commodity Futures Trading Commission has started a probe into the 6^th May sudden market crash.

Most of the reviews coming in is the lack of circuit breakers and the tangled network of high-speed trading network. The different rules of trading on such different trading platform which are interconnected and the trade routing system is also under criticism by many and sources suggest that the cause of such sharp crash lies in between these things only. The computer programmes making the situation worst.

The initial focus of the investigations appeared to center on the way a growing number of high-speed trading networks interact with one another and with venerable exchanges like the NYSE. Most investors are unaware that these competing systems have fractured the traditional marketplace and have displaced exchanges like the Big Board as the dominant force in stock trading.

A source said that  it appeared that as stock trading was slowed on the New York Exchange when big price moves started, orders moved automatically to other, electronic exchanges that did not have pricing restrictions.

Excerpts from IMF Global Financial Stability Report

The IMF recently released on 20^th Global Financial Stability Report. Few comments and excerpts from the reports:

                    IMF put stress on the need for the countries to take steps to revive credit growth. It expressed concerns over potential rising seriousness of Sovereign debts than the private sector sluggishness. It also mentioned that the global economy is on a revival path. It expressed further concerns by stating that the government balance sheets are becoming vulnerable and the risk and further vulnerabilities to the global economy is coming from this side. It acknowledged the deterioration of fiscal balances of countries. This is especially true when recently USA is already and was always in deep debt, it brought the subprime crisis while the ghosts of Greece crisis are not fading still and the countries are in queue like those of Spain, Poland, Italy, UK, France, Japan etc to bring up their debt problems when the time permits. All of these countries have their debt level around more than or equal to 90% of their GDP.

The IMF also commented that the Longer-run solvency concerns could translate into short-term strains in funding markets as investors require higher yields to compensate for future risks.

While the cost of insuring Greek sovereign debt against default surged to a record on 19^th April since the debut of Euro currency in 1999.

The IMF report also said the main sources of sovereign risk in the 16-country euro region have shifted to reflect market concerns about fiscal sustainability. At the same time IMF mentioned that the US and European banks are safer than they were last year.

The IMF official said that the Government lenders also face problems and the reason is the debt-to-GDP ratio of the world’s advanced economies which is nearing the highest levels since World War-2.

The IMF report notably focused on the recent problems faced for short term financing for banks and governments alike.

One of the strongest writing of the report was the mention of IMF that the emerging markets such as Asia, and Latin America. This attraction is due to strong growth prospects, appreciating currencies, and rising asset prices, lower interest rates are attracting capital flows in competition to developed economies.

The other noticeable point of the IMF report was the concern about excesses in real estate markets especially China.

S&P 500: Wave 5th to start?

Before Few Days Ago We Have written That "three constitutive close above 1128 will take to 1160 /1175 levels",and just see yesterday when you were sleeping it touched our target!!!


If you had missed to read it-then click this link: http://www.meghainvestments.com/search/label/global%20markets


NOW WHAT TO EXPECT FROM THIS STAGE?

------>>>>If closes above 1178 for 3 Consecutive days and Weekly close then wave 5 can take up to 1333/1397-----<<<<<


Click on the below chart to understand more: 

 

S&p 500 Inverted head and shoulder patter on daily chart

 

watch "inverted head and shoulder" pattern on daily chart

major resistance at 1128 three constitutive close above 1128 will take to 1160 /1175 levels

i will update more to paid members

Multi Market/Asset Strategy Of Month

Buy Sensex-Sell Shanghai.

Buy Nikkei-Sell Dow Jones.

Buy Silver-Sell Gold.

This is only for information and not for trading this show the possibility of march month under performer and out performers.

If any index is in buy signal means this is stronger then sell signal.