Oil and gold are two of the top tradable commodities in the world. As mentioned here on Market Calls, gold is viewed as a safe haven asset by investors and is turned to during times of economic uncertainty. In contrast, oil is undoubtedly the king of commodities, with investors paying close attention to its volatile prices and production levels. It is also the most important commodity in the world economy. In this article we examine the correlation between gold and oil, and look at its relationship today and in the future.
Nifty Futures on 30th Apr 2018 ended with a strong closing at the day high. Current swing rallied from 9960 – 10788 i.e almost 818 points in the favor of bulls without any major price retracement. Current trading sentiment is positive across all the timeframe. However the current swing momentum is slow and steady sort of a rolling momentum which pulls lots of inventory pile up from short term trading community and the inventory is dangerously long.
Measuring the relative performance is essential for setting the right priorities for the Investing. Relative performance, expressed in percentile rankings and explains how well a sector is performing in comparison with other sectors.
It is a momentum buyers market when comes to Nifty Futures trading. Shorter term momentum traders are driving this market in April Expiry series. Every micro dips are bought for this series a typical behavior of momentum players. And the last couple of days shorter term inventory is getting long to to long. No so good indication for the current uptrend.
With the recent news of airstrikes on Syria and a threat of a global war, this question is extremely relevant. But does war really cause stock markets to rise and fall?
Fibonacci is the mathematical basis of the Wave Principle. You will often find that Elliott waves correct in terms of Fibonacci ratios. The following article explains what you can expect when a market begins a corrective phase.
Gold price action remains muted despite the stock market crashing, global events like trade war, syrian attack. Its been trading in a very compressed range 1300-1350 range since the start of year 2018. Last 4 trading sessions price is making higher high and higher lows which shows the confidence of the players. Price maintains above 200MA since 2018.
Nifty Futures is consecutively making higher high and higher lows for last 4 trading sessions. This series so far shorter term buyers dominant is more than anyother timeframe. One of the day where shorter timeframe inventory went long to too long. Profile structure is showing a possible instant weakeness however support are building around 10280-10300 levels.
The basic Elliott wave pattern for financial markets is five waves in the direction of the main trend with corrections, i.e., moves against the trend, unfolding in three waves.
The India Algo Convention 2018, is the Annual Algo Event of Dravyaniti Consulting (www.dravyaniti.com).This is the largest gathering of some of the best quantitative minds in India and the World.These are practitioners of the craft, who will share their experiences in the 2-Day Residential event.
Slaughter the Bulls and Bears with the guillotine called Volatility. Yes, market volatility is the name of the game which is being played, and this sort of jitter could confuse the market participants to get out of their positions, to take wrong opinion about markets and the rest to stay away from participation.
Nifty Futures on Monday session opened with higher confidence however got back into the previous days range and started balancing in the first half before picking up the high confidence from the buyers in the second half followed by a late spike in the last 45 minute. Spike rules apply for Tuesdays trading.