Happy and Prosperous Diwali to one and all..

Silver and Gold

Some interesting Stocks...

CRB and Dollar Index

Amazingly both have been going up!
One of them has to give up.
And that will have an effect on the equity markets.

Indian Market Time Cycles

ABAN and Crude

Euro and the Union October 2016

Some more Stocks...

Three Indices outperforming Nifty October 10, 2016

Nifty Energy is getting its lift from movement of crude, among other factors.
Let us look at some stocks which can be bought on declines and accumulated for good gains in the medium to long term...

 Monthly RSI has crossed 50 and is getting into bull zone. Good buy on declines.

 Monthly RSI is showing  positive divergence.RSI has entered positive zone. Once 115 is taken out, stock can boom.

Has broken the long term resistance on daily charts. RSI is in positive zone.We expect Reliance to lead Nifty in the next bull run. Good buy on every decline.

Nifty and RSI

Positive divergence in 30 min charts. Immediate up move can be expected.

Hidden positive divergence on daily charts. Again immediate up move is indicated. 

Weekly RSI is falling from an over bought zone. So we may expect the immediate short term upmove to dissipate at some point and a larger down move can take place.

There is a hint of negative divergence in the medium term. It has to further develop. At this point there is no clarity.This could mean a decline of good proportions in the medium term, if the divergence continues.

Very long term has shown a powerful hidden positive divergence. So Nifty is on her way to  take out the May 2015 highs maybe some months later.