Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Cross Asset Strategy

<p>Indian markets seem to have ignored all recent concerns given the horrid Covid situation on the ground. In USD terms the Sensex, for example, has been among the best performing markets over the past month.</p><p>Is there simply something going on that does not easily meet the eye or have buyers been sucked in to a setup that warns of danger?</p>

Indian markets seem to have ignored all recent concerns given the horrid Covid situation on the ground. In USD terms the Sensex, for example, has been among the best performing markets over the past month.Is there simply something going on that does not easily meet the eye or have buyers been sucked in to a setup that warns of danger?

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<p>Rejection at the underside of the SPX broken wedge trendline will define the speed of the next down leg in Asia. Bear momentum below 4,150/40 would place greater odds of a harder pullback.</p><p><strong>Long bets:</strong> ASX and A50 with HSCEI next in line (for now a relative long)</p><p><strong>Short bets: </strong>Taiwan, Nikkei, Korea with India flirting with the 15k pivot. Taiwan and Nikkei are the conviction short bets to recycle while a weak bounce off of trendline makes Korea the next short target.</p><p>A more volatile cycle is due in late May.</p>

Rejection at the underside of the SPX broken wedge trendline will define the speed of the next down leg in Asia. Bear momentum below 4,150/40 would place greater odds of a harder pullback.Long bets: ASX and A50 with HSCEI next in line (for now a relative long)Short bets: Taiwan, Nikkei, Korea with India flirting with the 15k pivot. Taiwan and Nikkei are the conviction short bets to recycle while a weak bounce off of trendline makes Korea the next short target.A more volatile cycle is due in late May.

<p>This webcast kicks off with the pivotal SPX break point at 4,100/30. After a meagre bounce attempt we expect this pivot to break, leading to a harder decline into late May/June.</p><p>Eurostoxx is teetering on rising wedge bear pivot support.</p><div>We reiterate the slew of rising wedge supports starting to fall like a domino.</div><div></div><div>
<strong>Top shorts in Asia responding in line - </strong>HK, Nikkei, Taiwan and India next in line. Some key support points are or about to give way that will usher in a higher momentum decline.</div>

This webcast kicks off with the pivotal SPX break point at 4,100/30. After a meagre bounce attempt we expect this pivot to break, leading to a harder decline into late May/June.Eurostoxx is teetering on rising wedge bear pivot support.We reiterate the slew of rising wedge supports starting to fall like a domino.
Top shorts in Asia responding in line - HK, Nikkei, Taiwan and India next in line. Some key support points are or about to give way that will usher in a higher momentum decline.

Top Asian Shorts to Hit the Acceleration Button

<p>Weaker markets are showing support cracks as strong horses reach for minor new highs into the late April/early May cycle inflection timeline while the USD is due to find support near the DXY low zone. This aligns for a peak in risk.</p>

Weaker markets are showing support cracks as strong horses reach for minor new highs into the late April/early May cycle inflection timeline while the USD is due to find support near the DXY low zone. This aligns for a peak in risk.

<p>The choppy Indian stock indices are looking more vulnerable by the day. Nifty is now trading below key levels which, if it sustains, is likely to lead to another 7%-8% decline. The Sensex already seems to be leading the way.</p>

The choppy Indian stock indices are looking more vulnerable by the day. Nifty is now trading below key levels which, if it sustains, is likely to lead to another 7%-8% decline. The Sensex already seems to be leading the way.

India

The NIFTY 50 index is National Stock Exchange of India's benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.

NIFTY Index (NIFTY INDEX)

India's Nifty: Have We Seen This Before?

Is there simply something going on that does not easily meet the eye or have buyers been sucked in to a setup that warns of danger?

Shyam Devani

Asia Long/Short Trades

Long bets: ASX and A50 with HSCEI next in line (for now a relative long) Short bets: Taiwan, Nikkei, Korea with India flirting with the 15k pivot....

Thomas Schroeder

Top Asian Shorts to Hit the Acceleration Button

Top shorts in Asia responding in line - HK, Nikkei, Taiwan and India next in line. Some key support points are or about to give way that will usher...

Thomas Schroeder

Topping Wedge Patterns in Equity Risk

Weaker markets are showing support cracks as strong horses reach for minor new highs into the late April/early May cycle inflection timeline while...

Thomas Schroeder

Mum'bye' Nifty?

India's Nifty and Sensex Indices continue to make lower lows. It is time to look at where the downside targets could be. These charts suggest they...

Shyam Devani