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Pre Market Analysis – 28th June 2021

<img alt='' src='https://secure.gravatar.com/avatar/9c4fb77a9b580ca7508305adb522e519?s=64&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/9c4fb77a9b580ca7508305adb522e519?s=128&d=mm&r=g 2x' class='avatar avatar-64 photo' height='64' width='64' decoding='async'/>

byfintooJune 28, 2021

Market gained 1% for the week on back of Biden supporting another stimulus in form of USD 1 Trillion infrastructure plain which led to Nasdaq rallying 2.3% in last week. However, despite such positive news, Nasdaq 100 ended in negative on Friday to form a ‘Bearish Engulfing’ pattern on daily chart as it moved into upthrust of rising wedge. The strength in USDINR has already brought...

Pre Market Analysis – 25th June 2021

<img alt='' src='https://secure.gravatar.com/avatar/9c4fb77a9b580ca7508305adb522e519?s=64&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/9c4fb77a9b580ca7508305adb522e519?s=128&d=mm&r=g 2x' class='avatar avatar-64 photo' height='64' width='64' decoding='async'/>

byfintooJune 25, 2021

Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...