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UPDATE: Sensex closed below its 200 Week MA
FIRST TIME SINCE COVID ? SENSEX is on track to close below its 200- week MA, if closed, it will be the First time in 6 Years
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Patterns retweeted
India’s 10-Year bond Yields hits a 28 month high
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LONGEST LOSING STREAK IN 25 YEARS ? NIFTY50 is on track for a 7-week losing streak, If completed, it will be the longest since 2001
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It has happened more recently in 2020 and before that in 2008.
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Who said it is happening for the first time?
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NIFTY50 just completed its longest weekly losing streak in 25 Years (Since Apr 2001)
LONGEST LOSING STREAK IN 25 YEARS ? NIFTY50 is on track for a 7-week losing streak, If completed, it will be the longest since 2001
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FIRST TIME SINCE COVID ? SENSEX is on track to close below its 200- week MA, if closed, it will be the First time in 6 Years
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During the 2008 global financial crisis (around Oct 2008), similar to Nifty. It stayed below for months before reclaiming in 2009. No closes below from then until the 2020 COVID dip.
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Replying to @Patterns0001
It's will be long term bottom for sure
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Nearly 40% of India’s coal fired power plants now have less than 3 days of coal stocks — Reuters
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Analysts describe the shortfall as temporary logistics-related rather than structural, with government efforts to ramp up domestic supplies and record coal imports helping sustain generation.
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Yeah, Coal imports hit a 15 month high
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UPDATE: Sensex closed below its 200 Week MA
FIRST TIME SINCE COVID ? SENSEX is on track to close below its 200- week MA, if closed, it will be the First time in 6 Years
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So, now it’s either down into the abyss, or we bounce back from here.
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Let's see what's coming
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Replying to @Patterns0001
o shit here we go again 💀💀
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Replying to @Patterns0001
When Nifty reaches 200 -week MA then that's a temporary bottom
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Policybazaar is down 40% in just two trading sessions after giving a breakout day before. If you bought it yesterday thinking aur kitna hi girega, you must have got the answer 😛
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Now trading below its listing price
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FOR THE FIRST TIME IN INDIA: SEBI allows PMS funds to invest overseas & short sell Equity options
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82% of Midcap stocks are now trading Below 10% or more from their 52 week highs Highest in 6 months
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BOND YIELDS ARE MOVING HIGHER*
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IN10Y Post the 22 may lvls
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May 2024 lvls
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Replying to @Patterns0001
Kite 🙎🏻‍♂️
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Check closings, Not colour First week closed Higher
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Replying to @Patterns0001
8 week not 7
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