Market Morning Notes For 7th June 2022
Markets opened lower on Monday on the back of weak global cues but late recovery in the financial sector and metal sector helped the Nifty to recoup most of its losses and ended on a flat note. The lackluster movement in Nifty is a clear sign that big accumulation is going on in the Nifty 50 basket and the next up move could be quite sharp and could trigger a 2000-2500 points rally. The...
Market Morning Notes For 6th June 2022
Markets for the week ended on a positive note with the Nifty gaining by 1.5% while the broader market struggled. There has been a clear diversion taking place from the Nifty 500 Index to the Nifty 50 index and that is why the spread of the Nifty 50 and Nifty 500 Index ended with gains of +50pts on the Friday session. With the formation of a bullish flag pattern in the spread of...
Market Morning Notes For 3rd June 2022
Markets confirmed a major blowout on Thursday after the Nifty ended above the key hurdle of 16600 on a closing basis. This breakout may fuel a 2500-3000 pts rally in the near term, as the spread of the Nifty 50 & Nifty 500 Index is likely to activate a flag breakout. A similar upsurge in the spread of the Nifty 50 & Nifty 500 Index was witnessed at end of July 2021, which led to a...
Market Morning Notes For 2nd June 2022
Markets continued to remain under pressure mainly on the back of weakness in technology and commodities stocks with funds being redistributed to financials, auto, FMCG, and engineering sectors. The ratio of Bank Nifty to Nifty Service Sector Index has shown a clear turnaround from the downtrend indicating more diversion of flows towards the financial sector while the Nifty Commodities...
Market Morning Notes For 1st June 2022
Markets on monthly basis ended with losses of 3% but late recovery during the month above 16,500 in Nifty has reinforced a positive trend in the near term. On the monthly candlestick chart, Nifty has formed ‘Long lower shadow’ pattern. The long lower shadow candlestick is a technical indicator that is used by traders to identify a reversal in the market trends. The pattern features a...
Market Morning Notes For 31st May 2022
Markets witness a sharp reversal in FII flows on Monday with FIIs turning into net buyers in both cash and derivatives markets forcing the Nifty to close above 16,600. The formation of a ‘bullish flag’ in the spread of the Nifty 50 Index and Nifty 500 Index indicates reallocation from broader markets to Nifty 50 Index and this may force the Nifty to move higher to 19,867 while broader...
Market Morning Notes For 30th May 2022
Markets for the week ended with marginal gains after going through volatile sessions towards 15800. However, with the spread of the Nifty 50 and Nifty 500 index on a verge of breaking out from flag consolidation, we expect Nifty to see a vertical move towards 17200 in the coming days. Global are positive with Asian indices opening in the green led by the Japanese...
Market Morning Notes For 27th May 2022
Markets rebounded sharply to regain their control above the key resistance of 16123 led by gains in banking stocks. Market dynamics turn into positive terrain on a close above 16123 for a potential target of 17200 in short term. The ratio of Bank Nifty to Nifty has also confirmed a major breakout from the downtrend, which is likely to fuel major buying from FIIs in Indian...
Market Morning Notes For 26th May 2022
Markets witnessed broad-based selling on Wednesday with midcap and small-cap indices declining over 3% while Bank Nifty ended in the positive terrain. Nifty surrendered below its key support of 16123 but losses were pared to less than 1% as Nifty Bank outperformed. We expect weakness in the midcap and small-cap sector to continue as money flow shifts toward large-cap financials. Based...