In today’s briefing:
- The Long-Overdue NIFTY Index Rally: Let’s Talk About PROFIT TARGETS
- EQD Intraday | Tariff Tantrum Impact on Intraday Volatility
- Hong Kong Connect Flows (January): $18.1bn Inflows
- S&P/ASX 200 Flashes a Strong Tactical BUY Signal
- KRX Short Interest Weekly (Jan 31st): SK Hynix, Samsung Electronics, Skc
The Long-Overdue NIFTY Index Rally: Let’s Talk About PROFIT TARGETS
- The NIFTY Index (NIFTY INDEX) has been pullingback for 5 consecutive months. However the index may be at a juncture where it could start to rally and rise again.
- This insight discusses the short-term (WEEKLY, for the next few weeks) tactical profit targets for the NIFTY.
- According to our NIFTY WEEKLY model, the index has a good chance to reverse and go higher, as long as Trump suddenly does not put some tariffs also on India!
EQD Intraday | Tariff Tantrum Impact on Intraday Volatility
- This Insight presents intraday data to illustrate regional volatility moves over the past one and a half trading days.
- Sunday’s US tariff announcement led to a global decline in equities and a spike in volatility on Monday. Asian indices began to recover today with a slight decrease in volatility.
- Market reaction to Sunday’s announcement was short-lived, so far, and the impact on implied volatility muted. The risk of a renewed volatility spike to or above Monday’s intraday high’s remains.
Hong Kong Connect Flows (January): $18.1bn Inflows
- We analyze the monthly Hong Kong Connect flows with our data engine.
- We tabulate the top stocks by inflows, outflows, and holding by mainland investors.
- We highlight inflows into Tencent, SMIC, ICBC, China Mobile, Xiaomi and outflows from Meituan.
S&P/ASX 200 Flashes a Strong Tactical BUY Signal
- The S&P/ASX 200 (AS51 INDEX) last week closed up, reached an 8566.90 all time high peak on Jan 31st, then began a sharp pullback this Monday.
- The pullback has just begun, but has already reached the WEEKLY OVERSOLD area (50% probability of reversal) according to out PRICE model
- If the pullback continues this week or the next, we see it as a strong BUY opportunity, the index’s uptrend can continue after the pullback.
KRX Short Interest Weekly (Jan 31st): SK Hynix, Samsung Electronics, Skc
- We analyzed the changes in short interest of KRX stocks as of Jan 31st which has an aggregated short interest worth USD3.8bn.
- We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases & decreases in short value, short as multiple of ADT.
- We highlight short interest changes in SK Hynix, Samsung Electronics, Skc.
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