The weakness in Consumer Goods we've been talking about since March and April continues, so today we want to look at a short opportunity in Godrej Consumer Products, which makes up roughly 5.50% of the Nifty Fast Moving Consumer Goods Index.
From setting upside objectives to identifying areas of potential support and resistance, Fibonacci is a versatile tool.
As with any tool, there are times when it works better than others. And while we don't want to get into every intricate detail of how and where we use it, we did want to share a great example of Fibonacci in action.
Today we're updating our outlook for global markets and providing ideas to profit in the second half of 2019.
Part 1 of this playbook will provide our perspective on all four asset classes and update our views on the major themes within India that we're paying attention to.
Today we're updating our outlook for global markets and providing ideas to profit in the second half of 2019.
Part 1 of this playbook will provide our perspective on all four asset classes and update our views on the major themes within India that we're paying attention to.
The Nifty Metal Index has been dead money for a while, but we are finally starting to see signs of stabilization within the space.
While there aren't a lot of actionable trades right now, we think that rotation into this area is a positive for the broader market and will offer some great setups on the long side in the second half of this year.
A week ago we outlined two major breakouts in the largest components of the Nifty Infrastructure and Nifty Public Sector Bank Indexes, however, we also outlined the waning upside momentum that remains a problem.
For premium members, we performed a deep dive into the Infrastructure space to provide trade opportunities outside of Larsen & Toubro, so in this post I want to summarize what we saw when performing the same exercise for Nifty Public Sector Bank components.
Late last week we discussed the structural breakout in Larsen & Toubro, so today we want to look into the entire sector to see what other opportunities there are among its components.
We've been writing about the lack of trend in India and Equities around the globe for months and despite the breakout to new highs in the Nifty 50 and several Large-Cap stocks, we remain cautious about calling this a "confirmed uptrend" and getting overly aggressive on the long side.
In this post, we'll explain why this remains a two-way tape.