Will Bears Overpower Bulls?- A Technical Viewpoint

Will Bear Market Overcome Bull Market?
  • Rupee –US Dollar Exchange Rate nearing all time high at approx. Rs 68/USD
  • Brent Oil at approx. $80/barrel  from approx. $27/barrel  in less than 3 Years
  • 10 Year Indian Government Bond Yield at approx. 7.8 from approx. 6.2 in less than 2 Years
  • 10 Year US Government Bond Yields at approx. 3. 1 from approx. 1.4 in less than 2 Years

Ideal Scenario for Bears to Overpower Bulls

Let’s look at the above mentioned factors on charts and their probable move going forward say in next year or so and their likely impact on Indian markets viz. NIFTY

  • Weekly Chart: Rupee- US Dollar Exchange Rate dated 18th May 2018Rupee-US dollar exchange rate chart

Probable downward move from hereon towards approx. Rs 65- Rs 66/USD before continuing likely up move towards Rs 73-Rs 74 /USD

  • Weekly Chart : Brent Oil dated 18th May 2018Weekly chart of Brent Oil Futures

Probable downward move from hereon towards approx. $75- $77/USD before continuing likely   up move towards $88-$90/USD

  • Weekly Chart: 10 Year Indian Government Bond Yield dated 18th May 2018weekly chart of 10 yr Indian govt bond yield

Probable downward move from hereon towards approx. 7.5-7.7 before continuing likely   up move towards 8.3-8.5

  • Weekly Chart: 10 Year US  Government Bond Yield  dated 18th May 2018weekly chart of 10 year US govt bond yields

Probable downward move from hereon towards approx. 2.9-3.0 before continuing likely up move towards 3.7-3.8

Impact on Indian Market

  • Weekly Chart: NIFTY dated 18th May 2018Weekly Chart of Nifty-50

Probable down move from hereon towards 10,400-10,500  followed by bounce towards 10,700-10.800 and then continuing  likely down move towards 9,700-9,800

Happy Investing!!!


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(SEBI Registered Portfolio Manager – Registration No. INP000002965)

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Portfolio Management Services (SEBI Registration No. INP000002965) are offered through Multi-Act Equity Consultancy Private Limited (CIN: U67120PN1993PTC074692), which is a wholly-owned subsidiary of Multi-Act Trade and Investments Private Limited; Investment Advisory Services (SEBI Registration No. INA000008589) are offered through Multi-Act Trade and Investments Private Limited (CIN: U65920MH1997PTC109513).