Market Morning Notes For 10th August
Markets advanced on Monday to post-closing above the psychological resistance of 17,500 in Nifty despite pressure in global markets due to escalating tensions between US-China over Taiwan. For Indian markets, the spread of Nifty 50- Nifty 500 has been widening day by day and this is a clear indication of money diverting from broader markets to Nifty 50 stocks. We expect Nifty 50 to...
How RBI’s Policy Or Repo Rate Hike Affects Consumers
The Reserve Bank of India (RBI) in an attempt to tame inflation has started a rate hike cycle. The current inflation in the country has been well above the inflation target of the country. RBI in an attempt to control the surging inflation has started a rate hike cycle. Since the start of the year, RBI has increased the interest rates twice, – April 2022 & June 2022 –...
Market Morning Notes For 8th August 2022
Markets extended gains for the third week to close above the key resistance of 17250 and held firmly above the same in the past 3 trading sessions. A move above 17250 has seen the activation of a breakout from a trading band of 15100-17250 and the next leg of the up move should easily guide the Nifty 50 above Oct 2021 highs of 18612. Shares in the Asia-Pacific traded lower Monday, with...
Weekly Market Report For 1st to 5th August 2022
Markets extend gains, and FIIs flows and earnings are in focus this week. Markets gained for the third consecutive week as sentiments remained upbeat on the back of better-than-expected earnings and the expectation of a peak out in inflation due to easing commodity prices. Globally, rising tensions between the U.S. and China after House Speaker Nancy Pelosi’s visit to Taiwan...
Market Morning Notes For 5th August 2022
Markets on Thursday ended unchanged after trading in red for the most part of the trading session with financial stocks turning cautious ahead of RBI policy. Despite multiple attempts of a shake-out, Nifty has been stubbornly closing above 17250 and this should be seen as silence before the buying storm. We expect Nifty to test the upper range of the trading zone which is placed at 18612...
Market Morning Notes For 4th August 2022
Markets continue to remain resilient despite pressure in global markets as the Nifty witnessed lower opening but rebounded sharply to close in the positive terrain at the highest point of the day. The breadth of the market remained negative with the advance-decline ratio deeply in favor of declines and midcap & small cap stocks remained under pressure. For Nifty, 17250 is seen as a...
Market Morning Notes For 3rd August 2022
Markets exhibited a show of strength on Tuesday with the Nifty rebounding from lows after gap opening and ending with marginal gains. The close above 17250 has shifted the Nifty into a new trading range of 17250-18612 and we expect short covering to take the Nifty 50 Index to Oct 21 highs. Important to note is that the bulls in some of the broader indices like the Nifty 50 Equal weighted...
Market Morning Notes For 2nd August 2022
Markets for the month of Aug began on a positive note with key indices closing higher by 1% with FIIs infusing more than Rs 5000 crore in cash + future segment to force Nifty to close above 17250. A move above 17250 is seen as a booster dose for bulls as call writers are expected to do a major short covering despite any lower opening. A breakout in the Nifty 50 equal-weighted index on a...