Pre Market Analysis – 18th Oct 2021
Market last week gained by 2.5% despite USDINR hitting 1-yr high and Brent crude crossing 7-yr high on back of easy liquidity measures by central banks. After Friday’s up move, the Sensex in USD terms has re-tested its September highs and markets are likely to face resistance around 18,500-18,600 in the coming week. With Brent crude positioned for hitting USD 110 a bbl and USDINR about 80, we...
Pre Market Analysis – 5th Oct 2021
Markets rallied 1% on hopes of accommodative stance by RBI in upcoming credit policy but situation has suddenly turned grim after Brent crude prices rose from USD 78 a bbl to USD 81 a bbl in late afternoon. With Nifty already holding Bearish Dark Cloud Cover in the previous week, markets are at a risk of major meltdown and a move above 74.50 in USDINR could add fuel to fire during a...
Pre Market Analysis – 8th July 2021
Market activity remained restricted in the trading range of 15780-15900 on Wednesday to finally end in positive terrain while Bank Nifty moved closer to its recent high of 35810. There was lack of momentum in large cap stock with 16000 acting as a major resistance. The Nifty G-Sec 10 yr index showed some rebound ahead of Fed minutes but with USDINR crossing above 75.80 in the international...