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  Sumit Verma   

@sumitverma29

Trader. Analyst. Studying markets since 2008. Intermarket and Sentiment analysis. Trend follower. Exploring quants. Problem solver. Food lover. Movie buddy.

Followers: 5,959

  •   Sumit Verma   

    @sumitverma29

    #Equi Weighted Charts of FINANCIALS as a sector #Nifty #Banknifty

    23/09/2020 08:30:37 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: % of stocks below 10 SMA in F&O basket has lowest reading marked since Mar'2020 bottom. is it oversold? : No is it a danger sign? : Yes #NIFTY

    23/09/2020 07:34:01 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: I dont remember the last time I saw so many patterns acting together in most of the sector charts. The RS Line chart shows only IT and PHARMA are outperforming NIFTY50. this looks like Distribution.

    22/09/2020 07:37:18 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: now a lower low confirmation has changed the short term trend to down along with BREADTH which has been weakening since quite sometime. The current damage will take time to repair. Exhaustion not yet seen. %Bearish highest since April bottom. #NIFTY

    22/09/2020 06:57:50 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: Things have changed in BREADTH indicator after 3.5 months.. #Nifty

    09/09/2020 07:56:34 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: Direction of major sector indices are important to analyse the TRENDING direction Looking at major 9 sectors, atleast 6 are looking weak. #NIFTY

    09/09/2020 07:16:14 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: #NIFTY Weekly and Daily Chart... Things are getting jittery.. Breadth is weak.. few stock holding INDEX for strength. Momentum signals warning View: Cautious *Follow through sell off from tomorrow would change the course of short term trend to down.

    09/09/2020 06:36:05 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Really interesting data on #JUBLFOOD FIIs ramping up purchases (increase in shareholding) while RETAIL is reluctant. PRICE at new All Time High Breakout. Web based app: @mystockedge Credit to @vivbajaj , really interesting app. Its doing most of the job that bloom does.

    22/08/2020 10:48:21 AM     Share:    


      Sumit Verma   

    @sumitverma29

    #Copper today $2.918 7 day high Revise SL 2.75 Bullish view Intact Non-Stop rally in NIFTY METAL Index. Maintain Bullish view.

    18/08/2020 03:48:28 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: 5/9 top 9 Constituents of NIFTY are above SMA with Infy, Reliance and ITC on the verge of breakout. In terms of Relative Strength: Smallcap250 > Midcap150 > Nifty 100 > NIFTY50 > BANKNIFTY Classical UPTREND.

    12/08/2020 06:59:14 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: #Dollar reversal failed #Breadth mean reversion happened but impacted #BANKNIFTY only. Other indices least impacted. #Momentum has resumed. No reason to stay cautious here. Smallcaps > Midcaps > Largecaps : Typical Bullish #NIFTY Crucial support: 11000

    06/08/2020 07:11:47 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: Big divergence in #BANKNIFTY vs #NIFTY. Almost all Banking names results are over now. Hence, surprise element over. Broad market breadth is weakening. #DOLLAR Index at Crucial level... heavily oversold. Next month just may not be good for #Gold #Silver #EEM

    31/07/2020 07:24:01 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update in Mean Reversion theory: #NIFTY was steady like a ROCK #BANKNIFTY did Mean Revert

    29/07/2020 07:07:25 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update: Things are not adding up well. #Banknifty struggling at 38.2% retracement and #Nifty is comfortably showing momentum > 61.8% retracement. Financials are still 34% weight. The scenario is still not giving confidence to pile up longs.

    28/07/2020 05:15:03 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Update on Breadth signal: Price is going higher (due to polarization) and breadth is getting bumpier.. big big momentum divergence visible now. CAUTIOUS view maintained. #NIFTY Change of view: If breadth signal reverses and makes higher high now (by added margin).

    24/07/2020 06:40:13 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Year Till date returns... I guess leadership quality is clearly seen in the sectors of First column. -Rural -Gold Financing -Pharma -Telecom - IT - FMCG / Consumer #Reliance - (I dont know which particular sector to put it)

    24/07/2020 05:40:16 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Are u trying to interpret that #Reliance is following #NASDAQ roadmap ? Or maybe #AAPL ?

    24/07/2020 08:10:30 AM     Share:    


      Sumit Verma   

    @sumitverma29

    Signs of Exhaustion (short term which are mean reverting in nature) visible in both #NIFTY and #BANKNIFTY. It is not a price to ADD longs / rather reduce longs. #Caution - Bumpy road ahead.

    22/07/2020 07:01:28 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Something important today hence worth updating #NIFTY formed two consecutive days of Distribution #NIFTY100 Equi Weighted Index has broken an important trendline 6/6 Indices showing weak breadth Question: Is it a TREND Change? Ans: No but high probability of correction

    15/07/2020 07:21:11 PM     Share:    


      Sumit Verma   

    @sumitverma29

    Late Bulls came. now 200 SMA shorters might get worried.. setup is for a strong short squeeze.. lets see.. #NIFTY

    07/07/2020 02:37:49 PM     Share:    


  Sumit Verma   

@sumitverma29

Trader. Analyst. Studying markets since 2008. Intermarket and Sentiment analysis. Trend follower. Exploring quants. Problem solver. Food lover. Movie buddy.

Followers: 5,959

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