We really had a good chance here to break higher then Gen z protests happened. The mido crass is saying they is tired but me thinks they missed a chance to either consolidate higher or finish the job.

Markets are forward looking and here is what I think they are saying
1. T-Bills-last auction came at 32% performance. Pause and reflect and demand higher rates now that GoK is running on fumes. If interest rates go higher then a good chance we go into deep recession. Not good but political class will take it to punish the mido

2. NSE 20 index- double top at 1750-1780 range. Neckline break and maybe the 1550 range holds if it doesn't all the way to the Aug 2002 levels

Happy trading...Kaende!

Gone back to sub 1700.

NSE the gift that keeps giving

With DXY sitting at 100 and looking to break lower, NSE 20 at 1755 with current momentum we break 1800 barrier.

Kaende!

First target 2000 then 2500 then is when you think about 3000

Politics aside (trust deficiency) as a pure macro trade signal, low inflation is good for equities.

On interest rates I hold the view it's a lagging indicator in this market. There is a lot of dumb money which is not efficiently allocated. I'm not sure there is a good plan to convince the market to lower rates because there is no threat of high inflation. I guess we wait and see how the dumb money responds.

NSE-20 has increased 22% beating the best bonds on offer this year.

does the volume support the bull?

Blathee amorphous mawaidha pingli pangla has paid off

NSE 20 punched through the 2500 marker to close 2504

Keep your eyes on the road

Kaende! kaende!