Bull Market or Pullback?

Friends,
In my weekly Livemint article I dissect the market signals in signature matryoshka style, to enable readers to stay ahead of the crowds.

This is India's first and only column to offer statistical inputs to traders.

Like my work? Please share it with your friends.

Vijay L Bhambwani

https://www.livemint.com/mint-top-newsletter/ticker11072022.html

Daily Market Analysis

SGX Nifty indicates the negative opening of ~100points.

Chart Pattern on Nifty:
1. Bearish Reciprocal AB=CD
2. Bearish AB=CD
3. Island reversal below 16,150
4. Gap area support
5. Bullish Cup & Handle breakout retest
6. Day traders - keep watch on 16,000-16,065 zone.

#HappyTrading
#KeepItSimple

Profit Hunter - Why this Stock Market Recovery May Not Last

Is the current recovery short-lived or here to stay?

http://www.eqtm.in/x3SAa

Stock Market Update - Sensex Trades Lower; Bharti Airtel & TCS Slump 5%

Indian share markets are trading lower with the Sensex down by 296 points, while the Nifty is trading lower by 76 points.

http://www.eqtm.in/Pn2y3

Fast Profits Daily - Nifty Reclaims 16,000. What Next?

Nifty has crossed the psychological mark of 16,000. In this video, I'll share my thoughts on the Nifty and Bank Nifty index.

http://www.eqtm.in/o9L6E

Our Mega Summit Goes LIVE at 5pm Today

This is your last chance to register for the One Stock Crorepati summit.

Today at 5pm, India's leading smallcap guru, Richa Agarwal, is going to reveal the 5-Minute Blueprint for Becoming a One Stock Crorepati.

Please note, there may not be any replays available for this one-time MEGA Summit.

Thus we urge you to save your seat now.

You can click the link below to reserve your free seat...

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Important Update About Equitymaster Subscriptions

A Recent Business Change at Equityaster Could Directly Impact Your Subscriptions.

You Must Know About It Right Now

Click Here For Full Details

http://www.eqtm.in/No93M

Less than 3 Hours We’re Revealing Details of One Stock Crorepati Opportunity

At 5pm sharp today, we go LIVE with our One Stock Crorepati mega summit.

At the summit, India’s leading smallcap guru, Richa Agarwal, will reveal the 3 traits of what she calls a potential crorepati stock.

Plus…she will also reveal details of a tiny company that has all these 3 traits.

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Already thousands of readers have confirmed their participation…

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Time to Swap Your Horses? This is Why Mid-cap Stocks May Outperform Largecaps

Here's why I think mid-cap stocks may outperform their larger counterparts.

http://www.eqtm.in/r4WDi

Sunil Singhania Added J Kumar Infra in Q1. Here's Why...

Latest shareholding pattern of J Kumar Infra shows Sunil Singhania added the stock to his kitty in the June 2022 quarter.

http://www.eqtm.in/g7TLj

Going LIVE in 15 Minutes…

Richa Agarwal’s One Stock Crorepati Mega Summit will go LIVE in just 15 minutes from now.

Join us now to get details of a smallcap stock that has all 3 traits of what Richa calls a potential crorepati stock.

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Stock Market Update - Sensex Snaps 3-Day Winning Streak, Ends 87 Points Lower; Bharti Airtel, HCL Tech, & TCS Top Losers

Indian share markets end lower as IT stocks take a hit. The Sensex closed down by 87 points while the Nifty ended flat.

http://www.eqtm.in/b9Q4W

Ethanol Stocks are in a Sweet Spot. But for How Long?

Find out what the future holds for India's top ethanol stocks.

http://www.eqtm.in/Xt38F

Why TCS Share Price Is Falling

Here's why TCS share price has been falling in 2022.

http://www.eqtm.in/z5SCj

These 5 Pharma Stocks Rally Up to 85% in 2022. Multibaggers in the Making?

Despite the volatility, these five pharma companies have almost turned multibaggers and delivered substantial gains. Find out what's driving them.

http://www.eqtm.in/r2T3N

EVs are Burning. But What About the Future of EV Stocks?

Here's why electric vehicle sales may continue to soar, even as they continue to burst into flames across the country.

http://www.eqtm.in/Nm98M

Tata Steel vs JSW Steel: Which Steel Stock is Better?

As steel consumption rises, these companies seem to be promising leaders in the industry. Who has a better chance?

http://www.eqtm.in/n6KLi

INR Settlement in International Trade - Impact Analysis

Friends,
           The RBI has announced its second major step today to strengthen the INR.

The first was on the FCNR(B), NRE, OFCB and FPI investments in corporate debt on 6 July 2022.

Todays step is bigger than the one on the FCNR liberalisation of last week as the impact will be bigger, longer lasting and the ripples of the impact of this move will be felt wider across the economy.

Gist - The RBI has made it obligatory for AD (authorised dealers - primarily banks) to facilitate international trade in INR as the invoicing currency. Which is to say Indian imports & exports can be settled in INR.

The regulation will come into immediate effect.

The AD banks will open Vostro accounts of it's correspondent bank (representing the trade counter-party) in India. The money held in such Vostro will be denominated in INR.

Impact - It frees India from the forex market fluctuations to some degree. For example if the trade deal was denominated
in US$, the final remitted amount could be different from the amount anticipated at the time of signing the deal due to
currency volatility in the interim period. This is a positive.

Advance Payments - Indian exporters may receive export advance payments provided all previous fulfilled export orders
have been fully paid for. All denominated in INR.

EXIM Procedure - documentation required so far in export / import trade like letters of credit (LC) will continue. Due process
under Uniform Customs & Practices for Documentary Credits (UCPDC) will apply as usual.

Surplus Amounts - amounts lying in Vostro accounts can be deployed in Indian projects & investments, government securities, T-bills, EXIM advance flow management.

Compliance - the regulation will be in compliance with the Foreign Exchange Management Act (FEMA) of 1999. Due compliance will be required for the FATF (Financial Action Task Force).

My Take - this is a positive development which will take time to accrue benefits to the economy.

Opening Vostro accounts of correspondent banks will take time. There will still be trades & deals in hard forex as and when situations demand.

The percentage of marketshare of the INR in global forex markets is set to rise over time. Since the Rupee is not fully convertible, currently INR trade is extremely light compared to global currencies.

Also, substantial turnover in the INR is done in the offshore NDF (non deliverable forward) market. This regulation will attract INR trading turnover within India.

Being a major importer nation, India can demand atleast some of its international trade be transacted in INR. This will boost the INRs value over time.

Overall, it is a positive move that will yield results over the long term.

Vijay L Bhambwani

Stock Market Update - SGX Nifty Down 108 Points, HCL Technologies Q1 Preview, New Entrant in the EV Space, and Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/Hr93K

Stock Market Update - Sensex Trades Lower; Tata Steel, Titan & Asian Paints Top Losers

Indian share markets are trading lower with the Sensex down by 177 points, while the Nifty is trading lower by 63 points.

http://www.eqtm.in/Wx49P

Ridham Desai on Long Term Investing and why he is Very Bullish on India

Ridham Desai is a veteran of the stock markets. Starting with almost nothing, he built up capital by trading stocks.

http://www.eqtm.in/j8Q4B