Market Morning Notes For 5th Oct 2023
Markets opened gap down on Wednesday but managed to recover from lows of 19333 in Nifty 50 to finally end with losses of less than 0.5 pct. The Sensex formed “Hammer” pattern on daily candlestick indication some buying attempt at lower levels but with massive quantum of selling from FII (Rs. 44,000 mn in cash market & Future segment) expect rebound to remain unsustainable. The Next Notes...
Market Morning Notes For 4th Oct 2023
Markets on Tuesday although restricted losses to the extent of 0.6%, but the spread of Nifty 50-Nifty 500 Index has violated the long-term support which may force aggressive shorting in Indian markets through index and stock futures. Previously in August end, markets managed to post strong rebound when the spread of Nifty 50-Nifty 500 Index reversed from the similar support. After yesterday’s...