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Buy Nifty Weakness but Watch Out Overhead

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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

In our recent Nifty insight <a href="https://www.smartkarma.com/insights/buy-nifty-weakness-but-watch-out-overhead" target="_blank" rel="noopener" data-smartkarma-citation="insights:30067">Buy Nifty Weakness but Watch Out Overhead</a> , we outlined that the Nifty was due to reach for a minor new high but to watch out overhead as macro bear signals were mounting.Weekly MACD divergence is one of the most powerful trend signals. Nifty has not confirmed new highs for years now, as upside momentum begins to deteriorate (less buy conviction, waning buy volume and extreme optimism are why such divergences form).This webcast outlines key tactical pivot and trade levels/action points as well as the bearish downside impulsive noted in the banking sector and Nifty over recent sessions. It is this bear impulsive that raises alarm bells and warns that the macro bear cycle is close at hand.From the 12,000+ top zone with risk to 12,500 we expect a decline of over 20%. Odds of a macro peak and hard downturn have increased to 85%.USD/INR has met bull turn support at 68.30-50 where the USD will find support. Rise above 70 would represent an upside breakout.

In our recent Nifty insight Buy Nifty Weakness but Watch Out Overhead , we outlined that the Nifty was due to reach for a minor new high but to watch out overhead as macro bear signals were mounting.Weekly MACD divergence is one of the most powerful trend signals. Nifty has not confirmed new highs for years now, as upside momentum begins to deteriorate (less buy conviction, waning buy volume and extreme optimism are why such divergences form).This webcast outlines key tactical pivot and trade levels/action points as well as the bearish downside impulsive noted in the banking sector and Nifty over recent sessions. It is this bear impulsive that raises alarm bells and warns that the macro bear cycle is close at hand.From the 12,000+ top zone with risk to 12,500 we expect a decline of over 20%. Odds of a macro peak and hard downturn have increased to 85%.USD/INR has met bull turn support at 68.30-50 where the USD will find support. Rise above 70 would represent an upside breakout.

Nifty Impulse Sell Signals with Macro Risk

NIFTY Index

Nifty Impulse Sell Signals with Macro Risk