Daily View

BRIEF ANALYSIS FOR POSITIONAL TRADING
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EQUITIES
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1. NIFTY:
Minor Trend - Up
Nature of Trend - Cyclic
Cycle Direction - Up
Expected upside till - 2nd week of Oct
Current price movement- Upward move is weakning
Strategy - Wait for buy signal if uptrend is maintained. Else, a sell signal can be generated on a spike.

2. NIKKEI:
Minor Trend - Consolidating
Nature of trend - cyclic
Cycle Direction - Down
Current price movement- Entered downtrend yesterday
Strategy: Sell signal generated based on EOD price 14170

3. HANGSENG:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Down
Current price movement- Entered downtrend last week
Strategy: Sell signal should be generated on a rise in 1-2 days

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CURRENCIES:
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1. DOLLAR INDEX:
Minor Trend - Down
Nature of trend - cyclic
Cycle Direction - Down
Current price movement- Entered downtrend last week
Strategy: Sell signal may be generated on a spike


2. EURUSD:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is trending up (corrected)
Strategy: Avoid trading