Weekly Market Wrap For 24th To 28th October
Markets extend gains in a festive week; Nifty to cross the 18,000 mark Top global market updates for the week Equity markets remained upbeat on a holiday-shortened week as sentiments improved on positive global cues and on growing expectations of smaller-than-expected rate hikes. A strengthening rupee further aided the sentiments. Global markets too traded positively after...
Market Morning Notes For 31st October 2022
Nifty 50 last week ended with gains of more than 1% which may sound insignificant, but detailed descriptions indicate that the market has laid the foundation for ‘Big Fat’ by posting the weekly closing above the 17780 mark. The daily spread of the Nifty 50- Nifty 500 Index has seen a convincing breakout above the 2515 mark which may act as an important landmark for a start of a large...
Market Morning Notes For 28th October 2022
Markets ended with gains of 0.5% on Thursday but failed to cross-resistance of 17800 on rising crude prices. At the current juncture, the Nifty 50 is sustaining above the one-year breakout line hence we expect significant short covering above 17800 with an immediate target of 18600. Low reading in India VIX indicates the market getting a cushion through significant put writing but the real...
Market Morning Notes For 27th October
Markets reacted on Tuesday from higher levels of 17800 on the back of a subdued global market with the Nifty 50 ending lower by 0.5% with breadth turning in favor of declines. The decline should be seen as a mere throwback after a recent breakout in the spread of the Nifty 50 – Nifty 500 index and we may see an immediate reaction of +13% in Nifty 50 in the next 15-20 trading session. Any...
Market Morning Notes For 25th October
Markets last week posted gains with Nifty rallied over 2% while Bank Nifty gained more than 3% on the back of a recovery in global markets sentiments and optimism returning for the Diwali week. The Mahurat trading day also saw gains extended further by 1% but most importantly there was breakout confirmation in the spread of the Nifty 50- Nifty 500 Index on a daily basis. The impact of...
Weekly Market Wrap For 17th to 21st October
Markets End In The Red In A Volatile Week; Fed Rate Action To Dictate Trend Market Overview Equity markets remained bullish during the week as positive global markets and in-line corporate earnings supported the sentiments. The Nifty settled above the 17,500 mark, while the Nifty Bank index gained about 1500 points to close above the 40,700 mark. The rally got supported by Axis...
Muhurat Trading: Best Stocks To Buy This Diwali
Diwali is around the corner and we all are excited to share the festive happiness by giving special and personalized gifts to all our near and dear ones. While gifting is an important part of this wonderful festival which adds to the excitement and enthusiasm, this Diwali, why not make the most of the auspicious mahurat trading and gift yourself the joy of long-term returns? Though the...
Market Morning Notes For 21st October 2022
Markets exhibited resilience on Thursday after critical indices opened lower but managed to post strong closing above 17550 levels despite weakness in broader markets. The Nifty BEES i.e. ETF based on the NIFTY 50 index is confirming a weekly breakout at current levels along with a weekly breakout in the spread of the Nifty 50- Nifty 500 index. This data is a key catalyst for pushing the...
Market Morning Notes For 20th October 2022
Markets cooled off from the day’s high but ended in the positive terrain after USDINR crossed its all-time high to post-closing above the 83 mark. As Sensex Bees i.e. Sensex ETF has managed to post-closing above the breakout line followed by a major reversal in the Nifty 50- Nifty 500 spread, any scope for a gap down opening would be short-lived with an immediate target seen towards the...