Market Morning Notes For 13th September 2022
Markets began on a positive note on Monday with the Nifty 50 attempting to cross-resistance of 18000 but failed to close the above same. The ratio of Nifty 50 to Crude may act as a crucial trigger for Indian markets in the near term and force FIIs to realign their incremental investments in Indian Equities. We expect major short covering above 18000 with an expectation of Nifty taking out...
Market Morning Notes For 12th September 2022
Markets for the week posted smart gains with Nifty 50 convincingly closing above the weekly breakout line while Bank Nifty ended higher by almost 3% to close above the 40,000 mark. The weekly breakout above 17,800 followed by India VIX closing below the 18% mark is likely to add further momentum to the Indian markets with the expectation of a new all-time high in the coming weeks. Adding...
Market Morning Notes For 9th September 2022
Markets surged on Thursday to close at the highest point of the day on the back of FII buying with Nifty activating the ‘Rising Three Method’ breakout while Bank Nifty gained 2% to close comfortably above the 40000 mark. After yesterday’s up move, the Nifty 50 Index has re-entered above the breakout line with upside potential seen at 19867. We expect aggressive buying from FIIs in the...
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...