Market Morning Notes 11th November 2022
Markets ended lower on the back of broad-based selling but Nifty 50 managed to hold closing above crucial support placed at 18025 ahead of key U.S. CPI numbers. The U.S. CPI numbers which came in yesterday evening were well below estimates thus revoking fears of further rate hikes. The global markets have taken this development positively with the U.S indices closing higher by 4%. Indian...
Market Morning Notes For 10th November 2022
Markets failed to carry momentum beyond 18300 on Wednesday despite higher opening and were followed by closing in the negative terrain with breadth turning unfavorable. After the recent upmove, the Nifty 50 Index remains under major risk with a potential downside of 14700, if it is unable to clear the critical hurdle of 18513. The daily RSI has been showing negative divergence and a...
Market Morning Notes For 04th November 2022
Market activity remained laggard on Thursday with Nifty 50 ending in marginal negative terrain to hold firmly above 18000 levels. The levels of 18513 still pose a major risk for markets as the current rebound has been led by non-technology stocks within the Nifty 50 Index. In case we plot, the data of the Nifty 50 Index ex-IT, it clearly shows the formation of the rising wedge which construes...
Market Morning Notes 3rd November 2022
Markets turned cautious on Wednesday ahead of the U.S Fed meeting with the Nifty 50 forming a Bearish Engulfing line on the candlestick and prices retreated from highs of 18178 levels. The wide deviation in performance between global markets and Indian markets has reached its optimal peak and hence one should adopt a cautious stance till the time the Nifty 50 does not cross above the 18513...
Market Morning Notes For 02nd November 2022
Markets for the month of November began on a positive note with the Nifty 50 Index closing well above the 8-month high followed by confirmation of the ‘Monthly Breakout’. The breakout setup has clearly opened the gateway towards 19867 but with one important ‘Caveat’. It becomes necessary from now onwards that Nifty 50 clears the hurdle of 18513 in the next few days else there is a 10%...
How Are Rising Interest Rates Affecting Home Loans?
Here’s an interesting tradition related to houses. Many people follow the practice of painting their front door red. In America, it is done to radiate a welcoming energy and to symbolize that it is a safe place for travelers to stop by. In Ireland, a red door is believed to ward off evil spirits while in Scotland, doors are painted red once the owners have paid off their mortgage. Homes...