Market Morning Notes For 22nd August 2022
Markets last week took a breather with Nifty 50 closing below the earlier weekly breakout line placed at 17775, leading to ‘Doji star’ on the weekly candlestick chart. Nifty 50 has given a decent rise in the recent past as it is now nearing closer to 18,000 landmarks which is also a psychological resistance barrier that everyone would be focussed on. Oil fell at the start of the week as...
Weekly Market Report 16th to 19th August
Markets extend gains, FIIs flows and earnings are in focus this week Weekly Market Review Markets this week just stopped shy of their previous swing highs. Nifty touched a high of 17992 and tried to close above its previous swing high of 18000 (April 22) while Bank Nifty just crossed its April ’22 swing high of 38750 but found stiff resistance at a higher level and closed at 38986....
Market Morning Notes For 19th August 2022
Markets extended their up move on Wednesday as a breakout above 17775 activated a new leg of buying in the broader market with the Nifty inching closer towards the psychological barrier of 18000. Despite some oscillators like RSI hitting the 83 mark, there have been no signs of reversal and we expect Nifty to surpass 18300 in days to come. After yesterday’s up move, the retail volume has...
Market Morning Notes For 18th August 2022
Markets extended its up move on Wednesday as a breakout above 17775 activated a new leg of buying in the broader market with the Nifty inching closer towards the psychological barrier of 18000. Despite some oscillators like RSI hit the 83 mark, there have been no signs of reversal and we expect Nifty to surpass 18300 in days to come. After yesterday’s up move, the retail volume has surged...
Market Morning Notes For 17th August 2022
Markets cleared a critical hurdle on Tuesday with the Nifty 50 closing convincingly above the key resistance of 17775 and opening gates for further up move in key indices. This breakout has been accompanied by a sharp decline in brent crude prices below USD 93 which may fuel a major rally in the financial sector in days to come. After yesterday’s breakout, daily turnover jumped to Rs 73000...
How Foreign Direct Investors View Indian Stock Market
India is the 7th largest country by area with a population of 1.39 billion people and is the most populous democracy in the world. Due to its diversity, the country has been able to remain strong and adapt to the ever-changing international shifts with ease. Today, the modern industries and professional services sectors are continually coming up in a big way to adapt to and grow in...
Market Morning Notes For 16th August 2022
Markets extended gains for the fourth consecutive week as positive global cues and upbeat results from India Inc aided sentiments. The Nifty gained about 2% while Bank Nifty rallied by 3% during the week and is comfortably above the breakout levels. Nifty 50 has now inched closely towards long-term breakout which is placed at 17775, and we may see an immediate rally towards 18266 while...
Weekly Market Report For 8th to 12th August
Key indices logged in gains for the fourth consecutive week as positive global cues and upbeat results from India Inc aided sentiments. Global sentiments were upbeat as traders reacted to the US Labour Department report showing an unexpected decrease in producer prices in the month of July, raising hopes that inflation in the US may have peaked. This raised expectations that the Fed will...
Market Morning Notes For 12th August 2022
Markets extended gains on Thursday with Bank Nifty gaining by 1.5% outperforming the key indices but Nifty failed to see closing above 17700 even after FII buying. After yesterday’s up move, the put writing in the system has intensified further which led to a sharp drop in India’s VIX below 18.5%. With FII buying in spot and derivatives market, Nifty is now prone to a major short...