Market Morning Notes For 8th September 2022
Markets remained ranged bound on Wednesday with the Nifty opening lower but recovered during later half of the trading session to close above 17600. The breadth of the market remained highly positive despite the Nifty facing resistance at 17650 in yesterday’s trade. The dull trading activity in the Nifty 50 index is seen as a sign of accumulation and we expect the Nifty to see a sharp...
Market Morning Notes For 7th September 2022
Markets remained more or less unchanged after the initial up move failed to cross the previous week’s high of 17,764 while Bank Nifty ended in negative terrain after crossing the 40,000 mark. The key trigger to watch out for would be the ECB policy meet tomorrow where the expectation of a Jumbo rate hike of 75 bps has been built in due to hyperinflation in Eurozone. For the Indian...
Market Morning Notes For 6th September 2022
Markets ended higher on Monday on the back of broad-based buying with Bank Nifty surpassing its August highs of 39,759 and activating a major breakout. The breakout in Bank Nifty may act as a catalyst for Nifty crossing its all-time high in the current week with major short covering expected in the Nifty 50 Index above 17,777. On an immediate basis, the Target for Bank Nifty is placed at...
Market Morning Notes For 5th September 2022
Markets ended on a flat note for the week despite jitters in the global market with Sensex forming the ‘Bullish Piercing line’ on a weekly basis while SGX Nifty futures put up a ‘Rising three methods’ setup on a daily scale. With broader indices like BSE 100 posting weekly closing above the weekly breakout line, we expect next week’s up move to turn more broad-based with Nifty 50...
Market Morning Notes For 2nd September 2022
Markets remained under pressure on Thursday on the back of weak global cues with the Nifty settling lower by more than 1% while broader markets and Bank Nifty outperformed by a wide margin. Thursday’s closing was well above the September series VWAP of 17524 which is a positive sign for markets and with sharp fall in Brent crude prices below USD 94 a bbl may provide a necessary booster...
Market Morning Notes For 1st September 2022
Markets for the month of August ended positive after a sharp up move on Tuesday that shook most of the market participants as Nifty surged by around 500 points and Bank Nifty jumped 1300 points on the back of Rs 4000 crore buying by FIIs in the cash market. This up move has led to a major breakout on the ‘Monthly Chart’ for broader indices like Nifty 100 and BSE 100 index and is expected...
Market Morning Notes For 30th August 2022
Markets began on a negative note on Monday following weak global cues and the Nifty tested monthly support around 17158 and then closed above 17300 levels. A major weakness was seen in technology stocks with Nifty IT tanking by more than 3% while broader markets outperformed with Midcap and Small cap index ending with losses of less than 1%. For Nifty, this may be the last reaction of...
Fed Rates Potential Impact on the Indian Market
When America sneezes the world catches a cold! I am sure you must have heard this ample times ever since the 2008 recession. The US has been a global leader and its policy affects the entire world. Most of the world trade is carried with the help of US dollars which serves as a medium of exchange to facilitate trade. The dollar is considered to be a global reserve currency. The U.S Fed had...
2022! Is It A ‘Bubble’, Ready To Pop?
Today, instead of focusing on a stock market or an industry, we’ll spend some time for a little reflection. So, let’s dive in. The Story Let us try and keep it concise. We will not be trying to tag the stock market increasing with excitement or whether or not there’s a surplus at the top. No one amongst us can tell that with undoubted confidence. The optimists normally addressed as the...