Market Morning Notes For 15th March 2024
Markets rebounded on Thursday with Nifty regaining above 22,100 with sharp decline in India VIX below 14 mark while midcaps and small caps continued to face selling pressure as they attempted a rebound. We expect flow of funds from midcaps and small caps to divert to Nifty 50 stocks in the coming days and this could turn markets extremely bipolar with bullishness seen in Nifty 50 index while...
Market Morning Notes For 14th March 2024
Markets witnessed sharp decline on Wednesday with midcap and small cap indices declining nearly 5% while Nifty ended lower with losses of 1.5%. The news of rising tensions between India-China border issue and the Supreme Court verdict on electoral bond mainly were responsible for carnage in the Indian Indices. From short term perspective, Sensex has rested the breakout line and markets have...
Market Morning Notes For 13th March 2024
Markets ended on a flat note on Tuesday with broader market facing selling pressure while Nifty was able to recoup its losses in the last hour of trade. Nifty futures continues to remain bullish as it is comfortably placed about the breakout line. The decline in India VIX has been caused mainly on back of aggressive put writing in deep in- the-money put which generally seen before a major...
Market Morning Notes For 12th March 2024
Markets traded lower yesterday with market breadth remaining weak throughout the trading session. For a trading perspective, a decline in India VIX could be a important trigger for a sharp upswing in Nifty towards a target of 23,500. In the past few days, Nifty Futures has seen a smart cementing of its positions above 22,200 and is likely to trigger next leg of short covering in the coming...
Market Morning Notes For 11th March 2024
Markets during the week remained largely rangebound but managed to post positive closing for fourth consecutive week with Tata Group shares remaining under limelight while India VIX saw a sharp slide below the 14 mark on back of aggressive put writing in the system. For a trading perspective, a decline in India VIX could be a important trigger for a sharp upswing in Nifty towards a target of...
Market Morning Notes For 7th March 2024
Markets witnessed sharp swings on Wednesday with Nifty trading lower in first half of session while rebounding in later half and closed with decent gains. Nifty Futures has seen closing above 22,600 which is likely to trigger major short covering in the coming days with potential target of 23,500. The Nifty Bank too witnessed major gains on the back of India’s inclusion in Bloomberg EM bond...
Market Morning Notes For 6th March 2024
Market extended the consolidation phase for the second straight day yesterday as indices oscillated in a narrow range before ending with modest losses. A sharp decline in India VIX below 14.5 indicates market could be poised for a major upswing towards 23,500 in the coming days. In other news, Indian government bonds will be included in Bloomberg EM Local Currency Government Index and...
Market Morning Notes For 5th March 2024
Markets ended with marginal gains with Nifty futures consolidated above the breakout levels of 22300 while India VIX settled around 15. The surge in Gold and Bitcoin in the past few days clearly shows ample liquidity in global markets and we expect Nifty future to rally towards 23,500 in the coming days. Nifty Futures Chart Stocks to watch Positive Read through BEL, BEML,...
Market Morning Notes For 4th March 2024
Markets for the week ended with gains of less than a percent but was able to penetrate the resistance of 22,300 after an intense battle, thus paving the way for a meaningful upside in the near term. The breakout in Nifty futures has clearly been established and we expect an immediate upside target of 23,400 to be achieved in the next 10-15 trading session. Meanwhile, a rebound in Bank Nifty...