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DXY has given Inverse H&S breakout, a decent sign of reversal. This could mean

1) Money flowing from US to EMs can take a pause.

2) INR can depreciate which can be good for IT, Pharma and other exporters.

#MayurUniquoter. After testing its pullback levels stock is giving FLAG breakout. It is a maker of artificial leather primarily used in Car seat covers, gave a strong results and commentary for even better performance going fwd. #trading

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Liquor stocks Radico, Mcdowell, Globus, GMBrew are looking good on charts. GM brew declared good results today. the strong margin improvement led by reduced input cost is a good read through for the sector.

Mcdowell

Gmbrew

Globus

Radico

US sugar is getting sweeter by the day. An indicator of global sugar price is at 3yrs high. Further buoyancy likely given that global demand/supply scenario.

Hurdle of Sugar export from India likely to get clear as prices remains healthy. Expect Indian sugar stocks to follow the trend set up by US sugar. 

Interesting Observation on Gas Stocks...

MGL: Stock retested its previous breakout level, and bounce back sharply. On the daily time frame, stock gave seven month old trendline breakout with highest volume. Beside this on the weekly time frame stock is about to give Flag pattern breakout.

IGL: On the daily time frame, stock breaks its recent resistance of 504 with highest volume after one month. Besides, this on the daily time frame, stock gave a seven month old trendline breakout and continued to form higher top and higher bottom.

Korean Pharma index not only has a strong correlation with Nifty Pharma index, but also has been a lead indicator, as is seen from the chart. Given that the Korean Pharma index has formed a bearish pattern, Will Nifty Pharma also follow, like it has been doing??

While Election uncertainty remains..pattern suggests crucial levels getting tested.

Dji is forming a bearish pattern and has already broken below 5 month old trend line. If it starts trading below 27355-27338 then pattern suggests correction of up to 15%-20%