Market Morning Notes For 12th October 2022
Markets succumbed to selling pressure on Tuesday on the back of weakness in the global market which forced the Nifty 50 to end below the 17000 mark while Sensex breached the key support of 57634. With yesterday’s decline, the Nifty 50 has moved closer to 200-EMA which is placed at 16902 with a possible attempt of ‘Double bottom’. With the previous week’s closing with a bullish green...
Weekly Market Wrap From 3rd To 7th October
Markets snap 3-week losing streak; Quarterly earnings in focus in the coming week Indian stock market position Equity markets snapped a three-week losing streak and logged modest gains even as volatility remained high. Markets rebounded after witnessing a sharp sell-off in the past couple of weeks as Nifty got supported by a rally in metal, realty, and IT stocks. Global...
Market Morning Notes For 11th October 2022
Markets recovered from lows on Monday to finally close with losses of less than 0.5% on the back of gains in technology stocks with Sensex closing above the key resistance of 57634. The current setup of bullish ‘Broadening Descending Wedge’ in SGX Nifty clearly marks the accumulation phase and we expect a major upswing towards 18800 on a move above 17360. Adding to it, US markets have...
Market Morning Notes For 10th October 2022
Markets last week ended with gains of over 1% after Sensex was able to close above the key resistance of 57634 despite pressure in the rupee where USDINR closed above 82.50 on the international exchanges. The current setup in SGX Nifty clearly indicates the formation of a ‘Broadening Descending Wedge’, which is highly bullish, and post-breakout above 17370, prices are likely to see a sharp...
Has RBI Repo Rate Hike Made Us Prioritize Wants Over Needs?
While glancing through the newspaper on a regular Tuesday morning, we stumbled upon a survey highlighting the data on peoples’ purchasing desires. Even though this segment was aimed at making brands aware of the consumers’ festive season wish list, what drew our attention was that 44% of people expressed their desire to buy clothes and jewellery. Nothing absurd about it, right? ...
Market Morning Notes For 7th October 2022
Markets opened with a gap-up yesterday but failed to sustain the positive momentum and closed with little gains as volatility emerged ahead of the weekly expiry day. Overall market breadth remained bullish, where 1,620 stocks advanced against 681 declined stocks. The 8-Bar reversal has activated a major reversal from the downtrend and the appearance of a breakout in the spread of the Nifty...
Market Morning Notes For 6th October 2022
Markets opened with a gap-up on Tuesday and rallied higher to close more than 2% with Bank Nifty outperforming by a wide margin and closing above the 39.000 mark. The 8-Bar reversal has activated a major reversal from the downtrend and the appearance of a breakout in the spread of the Nifty 50- Nifty500 Index, the gains in large-cap stocks are expected to accelerate further. The bullish...
How To Select The Best Debt Mutual Funds?
While commuting to work, you catch a glimpse of the same billboard every morning. It says something along the same lines of ‘Get rid of all your financial worries by investing in best debt mutual funds.’ You might find it amusing. If it were that easy, wouldn’t everyone be rich? But what if we told you, it is not that hard or out of reach either? Because with every little eye roll or...
Market Morning Notes For 4th October 2022
Markets remained under pressure on Monday with key indices ending lower by 1% on the back of concerns about the risk associated with Credit Suisse default and its impact on other financial institutions. Financials turned major drag on Monday with Bank Nifty ending lower by 2% while USDINR rebounded sharply towards 82 mark. For the Indian market, the appearance of a Bullish engulfing line...