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...
Market Morning Notes For 11th August
Markets ended on a flat note yesterday after initial jitters as the Nifty clawed back above the key resistance of 17500 with the Financial and Metal sector outperforming the key indices. In the past few days, the Nifty has seen a base building above 17250 which is the catalyst of the major upswing of 8-10% in days to come, and the trigger for the same has been a sharp drop in inflation...
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...