Asia markets trade mixed as Fed officials seem divided on rate hikes ahead, Nik,28561/-106/-036% Dj,33977/-10/-0.03% Vix16.83/-0.71% US stock futures inch down ward as investors digest the latest round of earnings, BC 30200/680/2.3%
Oil, 81.2,slips on economy worries, despite upbeat china data, Gold,2019.6,climbs as dollar edges lower , market await fed rate hike path, Bonds,3.585, inches higher as wall street weighs economic outlook, Dollar, strength pauses after upbeat china data , pound gains,
Nifty:17660.15/-46.7/-0.26%;Candle:OGU,Short day red; Bank Nifty:42265.2/2.65/0.01% Candle:OF,Doji ; HB:OF,Doji,1664,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long37%FutCash;-810;Opt92%
OI data Nifty ( max pain W17700M)
OI data Bank Nifty Nifty(max pain W M)
News:SGX Nifty indicates a mildly negative start for the broader index with a loss of 32 points after the Nifty closed 46 points lower at 17,660 on Tuesday. SGX futures stood at 17,689. Windfall tax on local crude revised to Rs 6,400, diesel sees cut in export duty, Janet Yellen to lay out US economic priorities on China in Thursday speech, Oil prices edge higher on falling U.S. inventories, China data, Dollar slips after upbeat China data; euro, pound rise, Gold rebounds above $2,000 as dollar, yields retreat.
Events/Results:ICICI Securities, Mastek, Tata Communications, Alok Industries, Artson Engineering, Citadel Realty and Developers, G G Engineering, Gujarat Hotels, and Stampede Capital will be in focus ahead of quarterly earnings on April 19.
The National Stock Exchange has retained Balrampur Chini Mills and Delta Corp on its F&O ban list for April 19.
Market wrap up(DWM,T,N,E):The Nifty50 managed to defend the 17,600 level on April 18 despite selling pressure in the equity markets for the second consecutive session, which experts feel can act as a support in coming sessions. The BSE Sensex fell 184 points to close at 59,727, while the Nifty50 declined 47 points to 17,660 and formed a bearish candlestick pattern on the daily charts. The index has also held its downward-sloping resistance trendline for yet another session, which can be a positive sign. “The Nifty took support at 17,610 and closed above the previous day’s low, which is positive for April 19,” The broader trend still remains positive. One should keep a buy-on-dip approach as long as the index sustains above the 17,600 level, However, the broader markets maintained an upward journey with the Nifty Midcap 100 index rising 0.8 percent, continuing the uptrend for the seventh consecutive session. The Nifty Smallcap 100 index gained a third of a percent, sustaining upmove for the 11th straight day.
