China markets down 2% leading losses in Asia pacific ,Japan;s core inflation holds steady; Nik,28667/101/0.35% Dj,33809/22/0.07% Vix16.77/-2.3% US stocks end friday session little changed ,dow snaps 4 week win streak, BC 27646/3/-.01%
Oil,77.95,0.75% rises but set for weekly loss as economic uncertainty weighs, Gold, 1994.1,retreats to weekly loss on hawkish Fed, Bonds,3.568, yields inch higher as wall street weighs latest economic data, next fed rate move, Dollar, slips as investors price in end of rate hike cycle,
Nifty:17624.05/0.4/0%;Candle:OF,Doji; Bank Nifty:42118/-151.5/-0.36% Candle:OF,Doji ; HB:OF,Doji;1672;
News:SGX Nifty indicates a mildly positive start for the broader index with a gain of 2o points after the Nifty closed 0.40 points lower at 17,624 on Friday. SGX futures stood at 17,660. ICICI Bank Q4 results: Key highlights from the earnings report,
Events/Results:IndusInd Bank, Century Textiles & Industries, Bank of Maharashtra, Persistent Systems, Mahindra Logistics, IIFL Securities, NELCO, Tamilnad Mercantile Bank, Trident Texofab, and Tata Teleservices (Maharashtra) will be in focus ahead of quarterly earnings on April 24
The National Stock Exchange has not added any stock to its F&O ban list for April 24.
Market wrap up(DWM,T,N,E):The market closed its rangebound session on a flat note on April 21, with the Nifty50 firmly holding its 17,600 mark that coincided with 200-day moving average, while stock-specific action continued amid the ongoing earnings season. The BSE Sensex was up 23 points at at 59,655, while the Nifty50 fell 0.40 points to 17,624, continuing consolidation for a third consecutive session and forming small bodied bearish candlestick pattern on the daily charts with upper and lower shadows. “Technically, this market action signals a formation of high wave type candle pattern. But, having moved with in rangebound action over the last few sessions, the predictive value of this high wave pattern could be less,” Nifty is sustaining above the support of previous upside broken trend line at 17600 levels in the last few sessions, but was not able to show any sustainable upside bounce from the said support. This is not a good sign and this indicates possible downside breakout of the support . the short term trend of Nifty remains weak and there is a possibility of some more weakness in the coming week. A decisive break below 17,600-17,550 levels could open sharp decline for the market. Immediate resistance is at 17,700 levels, However, the broader markets underperformed frontliners as the Nifty Midcap 100 and Smallcap 100 indices fell 0.4 percent and 0.3 percent, respectively, on weak breadth. About three shares declined for every two advancing shares on the NSE.
