Market Morning Notes For 16th May 2023
Markets advanced further on Monday to end with gains of 0.5% but failed to close above 18400 during last hour of selling from highs. After yesterday’s upmove, Sensex has confirmed breakout from expanding triangle which opens gates for further rise of 8% in the near term. Most market participants are watching 18500 as a psychological hurdle and hence are resorting to aggressive hedging....
Weekly Market Report From 8th to 12th May 2023
Markets gains on FII flows; Uptrend intact in Nifty Markets logged in decent gains on encouraging Q4 results by key corporates and persistent buying by the FIIs. Domestic market sentiments also took a hit after data suggested a possible slowdown in the US economy. Globally, investors were worried about the US debt-ceiling and stability of the banking industry. A slew of weak economic data...
Market Morning Notes For 15th May 2023
Markets managed to post weekly gains of less than 2% despite exit polls turning against BJP and were followed by Nifty closing above 18300. We expect the Nifty 50 to gain further momentum as the Nifty Alpha Low Vol 30 index crosses above December 2022 highs and thus opening gates for another 15% upside. For Nifty, any lower opening is likely to see follow-up buying with a weekly target placed...
Market Morning Notes For 12th May 2023
Markets reacted to exit polls numbers with Nifty unable to carry forward the positive momentum and were followed by marginal negative closing below 18300. With the prevalence of breakout from a broadening expanding wedge, we expect positive momentum to prevail with an immediate target seen at 19300. The higher reading in India VIX of 13 clearly shows that most of the positions have been...
Market Morning Notes For 11th May 2023
Markets managed to post gains with rally turning more Nifty concentric while broader market underperformed. The gains in market despite consensus building up that BJP is unlikely to come back to power in Karnataka suggests that the market has digested negative outcome and hence poised for further higher levels. The sudden surge in India VIX back to 13 is mainly on back of excessive hedging...
Market Morning Notes For 10th May 2023
The market cooled off from the day’s high after a sharp reversal in Bank nifty which forced Nifty to close on a flat note. A move above 18200 has already confirmed a major breakout with an immediate weekly target seen at 18800. The spread between the Nifty 50- Nifty 500 index also points at a major breakout which may force a further shift in fund flows from the broader market to Nifty...
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Salary day is undoubtedly the most awaited day of the month. Every month you decide that you will save as much as you can by avoiding unnecessary expenses. However, it becomes difficult to prevent certain unpredictable expenses and you are often left with little to no savings by month-end. We’ve all been there. Savings are a basic yet crucial part of financial management....
Market Morning Notes For 9th May 2023
Markets gapped higher on Monday and recouped entire losses of Friday to close at the highest point of the day. The one-bar reversal may have caught most call writers by surprise as a close above 18,250 is seen as a crucial beginning for the next 1000 pts up move in Nifty Index. After Monday’s closing, the spread between the Nifty 50- Nifty 500 index also points at a major breakout which may...