
Sumit Verma
@sumitverma29
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Passionate about markets, seeking trends.
Mumbai
Joined June 2011
Update: Data which should not be ignored. FII flow (cumulative) at a new 2 year high for the first time since 2015. I feel this is NOT A SHORT TERM BET for them as they return in full force after 5 years. #NIFTY
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Update:.Last week's DOJI high crossed, probably the #BLOWOFF rally started. SL of view is now 12970. as long as this level is intact. crazy move possible.
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Update: .Market Breadth : New higher high , highest level of 2020. FII Flow: Unstoppable probably.% of stocks > 50 SMA: 93%.% of stocks > 200 SMA: 94%. TREND: UP. CRAZY things happen when everything is overbought. #BLOW OFF rally possible here . SL: 12800
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Update:.Market Breadth : Bullish.FII Flow: Massive.Sector Breadth: Broad based. TREND : UP. is Market extended? Yes. Will there be mean reversion? Maybe but probability is only in overextended stocks for now. #NIFTY
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The last time #BAJAJFINSV was +45% in 15 days was way back in May 2010. Keen to observe how it reacts in next 3-4 days. Today it is +46.6% in 15 days (CMP 8178)
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Update: .#FII inflow (10 day rolling) at ALL TIME HIGH.probably because COVID new cases in INDIA are at 3 month low. European countries cases are flattening. US cases chart looks like parabola. So if new stimulus dont come now then probability of US Index falling is high.
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Update: .Sector Rotation in full swing. too much churning is not good in the short term. BREADTH indicators are bullish. Current TREND: Up. #NIFTY. (chart courtesy of breadth is from @ChartinkConnect 's software.)
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Update: Every a new sector strongly outperforms. Today stocks from Lower quartile outperformed the Top Quartile. Sign of late short covering. Top quartile nor performing is also an initial sign of exhaustion. (temporary momentum pause). TREND is up as of now #NIFTY
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Update:. FIIs knew things which DIIs dint. massive inflow in Nov 2020 and now an ATH breakout. #Nifty
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@makemytrip @makemytripcare .I was expecting full resolution of the raised issue. Out of the 3 PNRs, you have initiated refund for only 1 till now. No intimation or details given for the remaining ones. I have DM you full details for remaining ones.
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