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Sun08
White Belt
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Post: #781  Posted: Mon May 07, 2018 8:41 am Post subject: |
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| SwingTrader wrote: | NSE Breadth Oscillator - 04.05.2018
Could not post it last week as I was sick. Currently, long term breadth doesn't look good at all. The hope for a continuation of bullish scenario would be for this on going pullback to be short. Let us see... |
can you estimate this "short" period? e.g. a week? |
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apka
Black Belt
Joined: 13 Dec 2011
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| Post: #782 Posted: Mon May 07, 2018 11:20 am Post subject: |
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| Possibly it may run dry for now. I'm hopeful for consolidation at best not a fall again, but let's see. Will have to pass the Karnataka elections test first for a change. |
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SwingTrader
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| Post: #783 Posted: Mon May 07, 2018 6:08 pm Post subject: |
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| Sun08 wrote: | | SwingTrader wrote: | NSE Breadth Oscillator - 04.05.2018
Could not post it last week as I was sick. Currently, long term breadth doesn't look good at all. The hope for a continuation of bullish scenario would be for this on going pullback to be short. Let us see... |
can you estimate this "short" period? e.g. a week? |
I was actually thinking in terms of price and not time. I am hoping Nifty does not fall below 38% of the recent rally.
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Srikanth Kurdukar
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Sun08
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| Post: #784 Posted: Mon May 07, 2018 8:45 pm Post subject: |
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| SwingTrader wrote: | | I was actually thinking in terms of price and not time. I am hoping Nifty does not fall below 38% of the recent rally. |
oh, ok, tks. BTW, I feel it will but after 15/5. Much more in fact. |
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apka
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| Post: #785 Posted: Fri May 11, 2018 3:47 pm Post subject: |
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| SwingTrader wrote: | NSE Breadth Oscillator - 04.05.2018
Could not post it last week as I was sick. Currently, long term breadth doesn't look good at all. The hope for a continuation of bullish scenario would be for this on going pullback to be short. Let us see... |
Hope there is some change now that week has ended and closed above important levels. |
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amitagg
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Posts: 4559
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| Post: #786 Posted: Sat May 12, 2018 6:31 pm Post subject: |
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| SwingTrader wrote: | | Sun08 wrote: | | SwingTrader wrote: | NSE Breadth Oscillator - 04.05.2018
Could not post it last week as I was sick. Currently, long term breadth doesn't look good at all. The hope for a continuation of bullish scenario would be for this on going pullback to be short. Let us see... |
can you estimate this "short" period? e.g. a week? |
I was actually thinking in terms of price and not time. I am hoping Nifty does not fall below 38% of the recent rally. |
Even if it does....not sure why would there be any alarm.....
It seems a corrective rise ( similar to neutral triangle or 4wave correction ) and hence 38% level should not be sacrosanct....
And it would take TIME for long term breath to improve....again same question as Apka....how much time is required for the oscillators to change....based on prediction of price movement
does 38 percent or 61 percent define a bull trend...or may be a healthy 50 percent... |
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SwingTrader
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| Post: #787 Posted: Sun May 13, 2018 6:19 pm Post subject: |
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| amitagg wrote: |
...
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Even if it does....not sure why would there be any alarm.....
It seems a corrective rise ( similar to neutral triangle or 4wave correction ) and hence 38% level should not be sacrosanct....
And it would take TIME for long term breath to improve....again same question as Apka....how much time is required for the oscillators to change....based on prediction of price movement
does 38 percent or 61 percent define a bull trend...or may be a healthy 50 percent... |
My comment about hopeful support at 38% was in terms of continuing strong momentum. Strong momentum would be indicated if price bounced off a 38% momentum, a 50% pullback would possibly be healthy but there would be significant loss of momentum for the current upmove since Mar end.
But this is just my opinion. Thanks for posting yours.
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Srikanth Kurdukar
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SwingTrader
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| Post: #788 Posted: Sun May 13, 2018 6:22 pm Post subject: |
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NSE Market Breadth Oscillator as on 11.05.2018
Market breadth is not good at all. The last few days of up move is without any serious positive breadth. Not sure where this is going but it does not look good at the moment.
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Srikanth Kurdukar
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SwingTrader
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| Post: #789 Posted: Sun May 13, 2018 6:30 pm Post subject: |
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Market indexes too clearly indicate poor breadth. Only NIFTY is up in the last two weeks, CNX500, CNXMIDCAP & CNXSMALLCAP are all down.
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Srikanth Kurdukar
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Sun08
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| Post: #790 Posted: Mon May 14, 2018 8:07 am Post subject: |
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| Market breadth is clearly a worry. Ratio of stocks making 52 week low to 52 week high was 4:1 on Friday. But that could also be because mid/small caps making bottoms before large cap stocks OR much more fall in them. |
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singh.ravee
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Joined: 12 Aug 2010
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| Post: #791 Posted: Mon May 14, 2018 9:16 am Post subject: |
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| SwingTrader wrote: | | Market indexes too clearly indicate poor breadth. Only NIFTY is up in the last two weeks, CNX500, CNXMIDCAP & CNXSMALLCAP are all down. |
Sir,
GM and greetings !
Can you pls share how many min trading sessions are required for breadth to improve.
Pls share your observation
Regards
ravee |
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SwingTrader
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| Post: #792 Posted: Wed May 16, 2018 3:32 pm Post subject: |
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| Sun08 wrote: | | Market breadth is clearly a worry. Ratio of stocks making 52 week low to 52 week high was 4:1 on Friday. But that could also be because mid/small caps making bottoms before large cap stocks OR much more fall in them. |
Atleast currently it doesn't look like mid/small caps are bottoming. The price action on the index also doesn't look good at all.
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Srikanth Kurdukar
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SwingTrader
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| Post: #793 Posted: Wed May 16, 2018 3:35 pm Post subject: |
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| singh.ravee wrote: | | SwingTrader wrote: | | Market indexes too clearly indicate poor breadth. Only NIFTY is up in the last two weeks, CNX500, CNXMIDCAP & CNXSMALLCAP are all down. |
Sir,
GM and greetings !
Can you pls share how many min trading sessions are required for breadth to improve.
Pls share your observation
Regards
ravee |
Very difficult to predict that. For long term the long term breadth is obviously very important but that takes lot of time to turn positive. I keep a close eye on medium term as it gives quicker picture but it still lags. Even the medium term breadth could lag as much as 3-4 weeks, especially when market turns bullish. The medium term is lot faster and sometimes even leads market declines.
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Srikanth Kurdukar
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apka
Black Belt
Joined: 13 Dec 2011
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| Post: #794 Posted: Wed May 16, 2018 3:38 pm Post subject: |
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| SwingTrader wrote: | | Atleast currently it doesn't look like mid/small caps are bottoming. The price action on the index also doesn't look good at all. |
Yeh you are right... Nifty PCR is still holding near and above 1.20 though.. But bank nifty PCR which was 1.2 days back has dropped to 0.8 today, and as you said other stocks also don't look like they have made base yet.
Retest of 10470 and 25500-600 and some consolidation only can help sustain the trend. |
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Sun08
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Joined: 21 Aug 2017
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| Post: #795 Posted: Wed May 16, 2018 3:39 pm Post subject: |
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| SwingTrader wrote: | | Sun08 wrote: | | Market breadth is clearly a worry. Ratio of stocks making 52 week low to 52 week high was 4:1 on Friday. But that could also be because mid/small caps making bottoms before large cap stocks OR much more fall in them. |
Atleast currently it doesn't look like mid/small caps are bottoming. The price action on the index also doesn't look good at all. |
tks. what I meant was mid/small caps bottoming out before large caps, not necessarily at this stage. |
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