Here at Ellliotwave International we studied investors behavior for nearly 40 years. A huge benefit of all that study is being able to study today’s stock market to the major market market tops and bottoms of the past. This Mutual Fund Vs Money Market Ratio ( 30 years of historical chart) shows extreme sentimental indications which shows how riskier the investments in today’s stock market compared to 2000 and 2008.
Nifty futures made a inside bar on the weekly timeframe despite continuing global tensions, global market corrections, FII selling in index futures and cash segments and local events like Mr.Vishal sikka resignation from INFY which is a strong indication that sellers are not aggressive yet compare to the aggressive buyers.
Nifty Futures on the weekly timeframe had lost a weight of -3.7%. Trading sentiment continues to be down across all the timeframes. Markets are continuously falling on global tensions as long term trading activity is greatly missing from the markets. Pullbacks are possible if the global tension eases out. Nifty futures move above 9750-9763 band in the very short term could bring some momentum on the upper side.
mrkt.co.in is a trading sentimental analysis blog which explores in-depth insights into market sentiment right from the social media, media channels, global market sentiments, market reactions to the news, emotional trading. Its a blog which helps you to understand how others perceive the market and how irrational markets are.
As a trader worst thing one can do is anticipating trend all the time. When a trader anticipates a trend but rather market does a sideways action if often frustrates a trader and often leads to take wrong decisions throughout the sideways phase. This week lets analyze the weekly sentimental data points from Nifty and Bank Nifty Futures.
Bullish sentiment among silver traders recently fell to 8 percent, the lowest reading since mid-2015. So, sentiment is in the right place for the next big leg in the price pattern.
It is a interesting question from a sentimental point of view. Everyone gets excited especially the media channels and speculators when a popular chairman rejoins the board or a Resigns from the Board. Some how you need to understand that markets are crazy and illogical. So today I brought two case studies to understand how sentiment worked in the past especially when a popular Executive Board Member Joins/Resigns.
Nifty and Bank Nifty sentiment turned negative on the EOD charts on the event of BRExit poll announcement. And the global markets also strongly reacted for the BRExit poll outcome. USDINR Spot closed around 67.8264 and GBPINR lost almost 5%. Reality, Capital Good and Metals are the Top Sector losers with looses mounting to more than 3% each.
Selloff in the Global Market and Indian Stock market goes intensive last week and in the last two months alone nifty had lost nearly 12.33%. Such a deepcuts in the market are more likely due to Global Sentiment, Chinese Market manic sell-off, local NPA Banking Crisis. Raising credit spreads – Junk bond market is flashing out warning signs and the spiking Gold-Oil Ratio above 30 year high are some of the pre-warning signals for this market crash.
Nifty Daily continues to be in positive sentiment for the last 5 trading sessions. However the weekly sentiment holds negative for the last three weeks and likely to continue for yet another week. On contrary Banknifty sentiment turns positive on Daily and weekly charts after the friday’s price action. Bank Nifty is expected to outperform Nifty in the upcoming trading sessions.
Nifty responded negatively to the Bihar election results (declared on sunday). Sentimental & emotional traders/investors strongly reacted to the news followed by sharp intraday recovery in the market and India VIX ends with strong decline right from the beginning of the market open