India Channel Insight #39 | Maruti, Hyundai

NIFTY50 Index Rebalance Preview: High Probability Add; Impact Higher than the Headline Numbers

Gravity Works As WeWork Doesn't; Now Plan B

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

<ul>
<li>Nifty short bet from 16,750 is panning out. Gap lower and downside impulse calls for further weakness.</li>
<li>India remains vulnerable to spill over from the global cycle after holding up over recent months. Any break below lower wedge line support would be a bigger negative structurally.</li>
<li>Watch for bounce just under 15k near lower wedge support w RSI near 25. 15,800 fresh sell resistance stands out.</li>
</ul>


Nifty short bet from 16,750 is panning out. Gap lower and downside impulse calls for further weakness.
India remains vulnerable to spill over from the global cycle after holding up over recent months. Any break below lower wedge line support would be a bigger negative structurally.
Watch for bounce just under 15k near lower wedge support w RSI near 25. 15,800 fresh sell resistance stands out.


NIFTY Index

India near Support and Bear Targets