NIFTY50 Index Rebalance Preview: Two Potential Changes in March

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

<ul>
<li>India's Nifty has held up but is now showing signs of significant support cracks that will open the way lower as the USD/INR tests key resistance at 76.40.</li>
<li>Trading below the 50 and 200 dma is a trend negative and represents resistance that gels with the 17k price pivot barrier/break (200 dma). Risk of a downtrend has increased. </li>
<li>USD/INR above 76.40 will trigger USD bull momentum with major new chart highs targeted. This has been a high conviction USD long cross.</li>
</ul>


India's Nifty has held up but is now showing signs of significant support cracks that will open the way lower as the USD/INR tests key resistance at 76.40.
Trading below the 50 and 200 dma is a trend negative and represents resistance that gels with the 17k price pivot barrier/break (200 dma). Risk of a downtrend has increased. 
USD/INR above 76.40 will trigger USD bull momentum with major new chart highs targeted. This has been a high conviction USD long cross.


NIFTY Index

India the Latest to Buckle