Asia market mixed as wall street’s earning season continues,Nik,28448/-43/-0.15 Dj,33886/-143/-0.42% Vix17.07/-4.1% dow sheds more than 100 points friday, but notches fourth straight week positive week,
Oil, 82.68,rises, logs weekly gains after IEA predicts record demand, Gold, 2018, beats sharp retreat, as dollar bounces, rate hike bets grow, Bonds,3.515, 2 yr treasury yield rises back above 4% despite positive inflation reports this week, Dollar, bounces off one year low, weak retail sales not as bad as feared, BC
Nifty:17828/15.6/0.09%;Candle:OF,Short day green; Bank Nifty:42132.55/574.6/1.38% Candle:OF,Long day green ; HB:OF,Doji,1692,
News:SGX Nifty indicates a mildly negative start for the broader index with a loss of 83 points after Nifty closed 15 points higher at 17,828 on Thursday. SGX futures stood at 17,786. HDFC Bank reported 19.8 percent YoY growth in standalone profit, Infosys, second largest IT service exporter recorded Rs 6128 crore profit, Oil rises, logs weekly gains after IEA predicts record demand,
Events/Results: Angel One, Hathway Cable & Datacom, Just Dial, Network18 Media & Investments, Quick Heal Technologies, and TV18 Broadcast will be in focus ahead of quarterly earnings on April 17.
The National Stock Exchange has retained Balrampur Chini Mills and Delta Corp to its F&O ban list for April 17.
Market wrap up(DWM,T,N,E):The market remained under control of bulls, who won the fight with bears again to gain for a ninth consecutive session on April 13. Banking & financial services, select auto, FMCG and metal stocks helped the market close higher, but the gains were limited due to selling in technology stocks after lower-than-expected earnings from IT leader TCS. The Nifty is currently trading above its short-term moving averages i.e. 55-day, and 100-day, indicating the sustainability of an ongoing bullish trend. However, traders should be mindful of the possibility of profit booking and should consider their risk tolerance. Nifty to face an immediate hurdle near 17,900-18,000, which if broken decisively, will take such advance further higher towards 18,200 and then 18,400. Considering the ongoing technical developments, buying on the decline will still remain in favour, and any correctional fall for 17,500 will attract fresh buying, he says.
