Asia markets trade mixed as investors digest more economic data from the region, Nik,29989/146/0.49% Dj,33012/-336/-1% Vix17.99/5% US stock futures slightly higher as wall street focusses on debt ceiling negotiations, BC
Oil,70.43, dips as weaker china economic data offsets IEA demand forecasts, Gold,1995.8, retreats as US data, Fed speak sow doubts on rate cuts, Bonds,3.528, yields rise as traders await clue on US debt ceiling negotiations ,digest new data, Dollar, gains after US retail sales ; debt ceiling in focus,
Nifty:18286.5/-112.35/-0.61%;Candle:OGU, Short day red; Bank Nifty :43932.7/-168.4/-0.38% Candle:Of,short day red ; HB:OF,Long day red,1647.
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long49%FutCash;1407;Opt98%
OI data Nifty ( max pain W18300M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a negative start for the broader index with a loss of 40 points on Wednesday. SGX futures stood at 18,289. Janet Yellen warns US default could trigger recession, ‘break’ financial markets, Tube Investments consolidated net profit zooms 74% YoY,
Events/Results:Jubilant FoodWorks, REC, Deepak Fertilisers & Petrochemicals Corporation, Devyani International, Endurance Technologies, Eris Lifesciences, Glaxosmithkline Pharmaceuticals, Honeywell Automation India, Jindal Saw, JK Tyre & Industries, Jindal Stainless, MTAR Technologies, Quess Corp, RailTel Corporation of India, Sterlite Technologies, Thermax, Vaibhav Global, and Whirlpool of India will be in focus ahead of quarterly earnings on May 17.
The National Stock Exchange has added Balrampur Chini Mills and Manappuram Finance, and retained Delta Corp, GNFC, and Punjab National Bank on its F&O ban list for May 17.
Market wrap up(DWM,T,N,E):The market snapped two-day gains with the benchmark indices losing six-tenth of a percent on May 16 as the selling was seen in auto, banking & financial services, select metal, pharma and FMCG stocks. “A long bear candle was formed on the daily chart, which indicates the formation of a Bearish Engulfing pattern, not a classical one. Presently, the market is repeatedly testing the hurdle of around 18,300-18,400 levels and not able to break decisively above it so far,” Having moved up swiftly from the higher lows of 17,553 on April 21 and the placement of key overhead resistance at the highs, he feels the chances of a sizable downward correction are likely in the short term. “Immediate supports are placed around 18,100-18,050 levels. Any sharp up move above 18,400 levels is expected to bring bulls back into the action,”
Asia market largely rise ahead of key chinese data releases for april, Nik, 29885/262/0.88% Dj,33349/48/0.14% Vix17.12/0.5%, US futures are little changed as traders await Tuesday debt ceiling negotiations,
Oil, 71.5, gains over 1% , ends losing streak on tightening supply, Gold,2021,-0.07% gains on dollar pull back, debt ceiling talks in focus, Bonds,3.494,rises as investorss absorb Fed speaker comments, Dollar, retreat from five week high, as debt ceiling stalemate weighs, BC 27092/205/0.8%
Nifty:18398.85/84.05/0.46%;Candle:OF,Long day green; Bank Nifty: 44072.1/278.55/0.64% Candle:OF, ; HB:OF, Short day green,1677.
News:The market is likely to open marginally higher on Tuesday as the SGX Nifty indicates a positive start for the broader index with a gain of 40 points after opening the session at 18,250. SGX futures touched a high of 18,454 in early trade on May 16. Avenue Supermarts falls on Q4 margin decline, slow recovery in merchandise sales , India’s retail inflation may ease to central bank’s 4% target in May: Economists ,
Events/Results:Bharti Airtel, Bank of Baroda, Indian Oil Corporation, Jindal Steel & Power, Amber Enterprises India, Chemplast Sanmar, CreditAccess Grameen, Granules India, Indo Rama Synthetics, JK Paper, Jubilant Ingrevia, Kajaria Ceramics, LIC Housing Finance, Metropolis Healthcare, Oberoi Realty, Paras Defence and Space Technologies, Talbros Automotive Components, and Triveni Turbine will be in focus ahead of quarterly earnings on May 16.
The National Stock Exchange has retained Delta Corp, GNFC, Punjab National Bank and BHEL on its F&O ban list for May 16.
Market wrap up(DWM,T,N,E):The market started off the week on a positive note with the Nifty50 closing at a five-month high tracking a northward journey in global counterparts. Most of the sectors participated in the run-up. “A reasonable positive candle was formed on the daily chart with upper and lower shadows. Technically, this pattern indicates a formation of a high wave type candle pattern at the highs. Normally, such high wave patterns reflect ongoing volatility in the market at the highs,” the underlying short-term trend of Nifty continues to be positive. “The market is still facing hurdles around 18,400 levels and the intraday weakness is emerging from the highs. Any dips could be a buying opportunity around 18,280-18,200 levels,” The Nifty Midcap 100 and Smallcap 100 indices climbed 0.7 percent and 0.8 percent, respectively on positive breadth.
Asia markets mixed as wall street indexes record second week of losses, Nik, 29507/118/0.4% Dj,33301/-9/-0.03% Vix17.03/0.59%, S&P closes lower Friday following disappointing consumer sentiment data,
Oil, 70.1,prices fall on stronger dollar, demand fears, Gold,2015.6, falls for the week on stronger dollar, Bonds,3.463,yields climb as investors weigh US economic and monetary policy outlook, Dollar, notches biggest weekly rise since February, Bc 26805/-70/-0.26%
Nifty:18314.8/17.8/0.1%;Candle:Of,Short day green; Bank Nifty:43793.55/318.25/0.73% Candle:OF,Short day green ; HB:Long day green,1671,
News:The SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Monday. SGX futures stood at 18,256. Sebi moots regulatory framework for fractional ownership platforms offering real estate, Cipla’s Q4 net profit surges 45% on year to Rs 525.65 crore, lags estimate,
Events/Results:PVR Inox, Asahi India Glass, Astral, Century Plyboards, Coromandel International, Emkay Global Financial Services, Kalyan Jewellers India, Patel Engineering, PCBL, Pfizer, Procter & Gamble Health, Skipper, Suryoday Small Finance Bank, Tube Investments of India, Ugro Capital, and Vascon Engineers will be in focus ahead of quarterly earnings on May 15.
The National Stock Exchange added Delta Corp, & GNFC, and retained Punjab National Bank, Canara Bank, BHEL and Manappuram Finance on its F&O ban list for May 15. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
Market wrap up(DWM,T,N,E):Equity benchmarks recouped losses in the afternoon trade and finally settled with moderate gains on May 12, but the broader markets were under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 0.4 percent and 0.75 percent on weak breadth. The BSE Sensex climbed 123 points to 62,028, while the Nifty gained 18 points to close at 18,315 and formed a bullish candlestick pattern with small upper shadow and long lower shadow on the daily charts. “This pattern reflects ongoing rangebound action in the market within high-low range of 18,400-18,200 levels,” Though Nifty placed at the hurdle of 18,300 levels, the market is not gaining any momentum to show an upside breakout of the resistance. At the same time, there is lack of sharp weakness or reversal pattern from near the hurdle, the short-term trend of the Nifty to be range-bound with positive bias. “A decisive move above the 18,400 levels could open the next upside of around 18,600-18,700 levels in the near term. Any weakness from here could find support around 18,180-18,200 levels,”
Asia markets mixed as investors digest US consumer prices ; China’s inflation eases, Nik,29388/266/0.91% Dj,33310/-222/-0.66% Vix16.93/-0.06% US stock futures are little changed on thurs day night,
Oil,71.1, slumps amid US debt talks as jobless data weighs, Gold, Bonds,3.37 tumbles further as another report shows cooling inflation Dollar,rises after jobless claims , producer prices, BC
Nifty:18297/-18.1/-0.1%;Candle:OGU,Doji; Bank Nifty:43475.3/144.25/0.33% Candle: OGU.Doji; HB:OGU, Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long47%FutCash;837;Opt97%
OI data Nifty ( max pain W18300M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Friday. SGX futures stood at 18,283. Asian Paints Q4 result: Net profit rises 45% to Rs 1,234 crore, Dr Lal PathLabs Q4 net profit falls 8% to Rs 57 crore,
Events/Results:
Tata Motors, Cipla, Vedanta, Colgate-Palmolive, DLF, Hindustan Petroleum Corporation, APL Apollo Tubes, Butterfly Gandhimathi Appliances, Cholamandalam Financial Holdings, Ethos, Great Eastern Shipping Company, Greaves Cotton, Hindustan Aeronautics, Indraprastha Gas, Indian Overseas Bank, Laxmi Organic Industries, Manappuram Finance, Max Financial Services, Polycab India, Shree Renuka Sugars, Sapphire Foods India will be in focus ahead of quarterly earnings on May 12.
Avenue Supermarts, Advanced Enzyme Technologies, Affle (India), Data Patterns (India), Navin Fluorine International, Neogen Chemicals, Sonata Software, and Vikas EcoTech will be in focus ahead of quarterly earnings on May 13.
The National Stock Exchange added Punjab National Bank, and retained Canara Bank, BHEL and Manappuram Finance on its F&O ban list for May 12.
Market wrap up(DWM,T,N,E):The market closed moderately lower after volatile and rangebound trade on May 11, dented by selling in final hour of the session, the weekly expiry day. Traders may be waiting for the CPI inflation data for the month of April scheduled after market hours on May 12. The BSE Sensex fell 36 points to 61,905, while the Nifty50 declined 18 points to 18,297 and formed bearish candlestick pattern on the daily charts as the closing was lower than opening levels, but there was higher high higher low formation. “Though Nifty is placed at the crucial overhead resistance of 18,300 levels, still there is no indication of any strength required for decisive upside breakout. The formations of Doji/Spinning Top or High Wave candle patterns back-to-back at the hurdle signal possibility of reasonable downward correction ahead,” a decisive move above 18,400 levels is likely to change the short term negative sentiment on the positive side. Immediate support is placed at 18,150 levels, The broader markets outperformed frontliners, with the Nifty Midcap 100 and Smallcap 100 indices rising third of a percent and half a percent, respectively, on positive breadth, while India VIX sustained uptrend for fifth straight session, increasing by 1.01 percent to 13.22 levels, from 13.08 levels.
News:The SGX Nifty indicates a positive start for the broader index with a gain of 35 points on Thursday. SGX futures stood at 18,395., L&T Q4 net profit spikes 10% to Rs 3,987 crore, misses estimates, Dr Reddy’s Q4 net profit jumps to Rs 959 crore on favorable base, US launches, brand deals,
Events/Results:Asian Paints, Eicher Motors, Siemens, Aditya Birla Capital, Balrampur Chini Mills, BLS International Services, CARE Ratings, Deepak Nitrite, Gillette India, Gujarat State Petronet, Intellect Design Arena, Dr Lal PathLabs, PTC India Financial Services, Shankara Building Products, South Indian Bank, Ujjivan Small Finance Bank, and Zensar Technologies will be in focus ahead of quarterly earnings on May 11.
The National Stock Exchange retained Canara Bank, BHEL, GNFC and Manappuram Finance on its F&O ban list for May 11.
Market wrap up(DWM,T,N,E):The market closed with third of a percent gains on May 10, though we have seen some volatility during the day, as there was caution ahead of US inflation data which was in line with estimates at 4.9 percent for April. The BSE Sensex rose 179 points to 61,940, while the Nifty50 closed above 18,300 levels for the first time in the current calendar year, climbing 49 points to 18,315 and forming a Dragonfly Doji kind of pattern on the daily scale, indicating tug of war between bulls and bears. “Normally, the formation of such Doji pattern at the highs post reasonable upside calls for caution for bulls at the hurdles. But, having formed this pattern within a range movement, the predictive value of this pattern could be less,” Though the Nifty placed at the strong overhead resistance of 18,250-18,300 levels, there is no indication of any reversal pattern unfolding at the highs , “any weakness from here could find support around 18,200-18,000 band. A decisive move above 18,300-18,400 levels could open the next upside target of around 18,600-18,700 levels in the near term,” The broader markets closed flat with a positive bias, while the India VIX, which measures the expected volatility in the next thirty days for Nifty50, rose by 3.19 percent to 13.08 levels.
Asia market set to fall as investors await key US inflation data; Nik,29138/-100/-0.35% Dj,33561/-57/-0.17% Vix17.71//4% US stock futures are flat as investors await key inflation data, BC 27716/287/1%
Oil, 73.52,up on higher seasonal demand,SPR refill; Gold,2041.8,up ; Bonds,3.507; Dollar,rangebound as markets eye US inflation data,debt ceiling talks
Nifty:18265.95/1.55/0.01%;Candle:OGU,Doji; Bank Nifty:43198.15/-85.85/-0.2% Candle:OGU,Doji ; HB:OGU,Doji,1646,
News:The SGX Nifty indicates a positive start for the broader index with a gain of 33 points on Wednesday. SGX futures stood at 18,344. Mankind Pharma takes a 32% leap on debut despite volatility gripping the market, Nexus Select Trust REIT IPO subscribed 28% on first day of offer,
Events/Results:Larsen & Toubro, Dr Reddy’s Laboratories, Bosch, Escorts Kubota, Godrej Consumer Products, BASF India, Cera Sanitaryware, Chambal Breweries & Distilleries, Gujarat Gas, HG Infra Engineering, JBM Auto, Novartis India, Orchid Pharma, Procter & Gamble Hygiene & Health Care, Pricol, Relaxo Footwears, Sanofi India, and Venky’s India will be in focus ahead of quarterly earnings on May 10.
The National Stock Exchange added Canara Bank, and retained BHEL, GNFC and Manappuram Finance to its F&O ban list for May 10.
Market wrap up(DWM,T,N,E):The market erased gains in the later part of the trade and finally settled the session flat on May 9 as auto, technology and pharma stocks provided support to benchmark indices, but there was selling pressure in select banking and financial services and FMCG stocks. The BSE Sensex was down 2.92 points at 61,761, while the Nifty50 was up 1.6 points at 18,266 and formed a Spinning Top kind of pattern on the daily charts, with a neutral pattern indicating tug of war between bulls and bears. “A small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this pattern indicates the formation of a Spinning Top or High Wave Type candle pattern, not a classical one. Such pattern formations after a reasonable upmove or at crucial resistances act as a short-term reversal pattern on the downside post confirmation,” the short-term uptrend of Nifty remains positive, but the signs of tiredness have started to be visible at the important resistance of 18,300 levels. “Some more consolidation or minor downward correction is not ruled out in the short term before showing another round of upside bounce from the higher lows. Immediate support is at 18,100 levels,” The Nifty Midcap 100 and Smallcap 100 indices also closed flat, while the market breadth was in favour of bears.
Asia markets trade mixed as investors await china’s trade figures in April, Nik,29134/183/0.63% Dj,33618/-56/-0.2% Vix16.98/-1.2%; S&P 500 futures are flat as investors await closely followed inflation data,
Oil,73, 2% up as recession fears fade, Gold, 2034, regains ground, with focus on US inflation data, Bonds,3.50, yields are flat, on April jobs report, Dollar,US stock slips to start the week as traders await key inflation data, BC 27890/-1069/-3.69%
Nifty:18264.4/1954/1.08%;Candle:OGU, Long day green; Bank Nifty:43284/622.8/1.46% Candle: OGU, Long day green ; HB: Short day green,1644.
The National Stock Exchange added BHEL and retained GNFC and Manappuram Finance to its F&O ban list for May 9.
Market wrap up(DWM,T,N,E):The market started off the week on a strong note as the benchmark indices recovered all the previous day’s losses and posted more than one percent gains on May 8. Most of the key sectors including banking & financial services and auto traded higher. The BSE Sensex rallied 710 points to 61,764, while the Nifty50 jumped 195 points to 18,264.40, the highest closing level since December 20 last year, and formed a bullish candlestick pattern on the daily charts by making a higher high and higher low formation. “A long bull candle was formed on the daily chart, that has covered the decline of the previous session on the upside and filled the opening downside gap of Friday and closed higher. This is a positive indication and one may expect further upside in the short term,” the short-term trend of Nifty remains positive. “A sustainable move above 18,300 levels is expected to pull Nifty towards the next upper area of 18,600-18,700 levels in the near term. Any failure to surpass the hurdle is likely to result in further consolidation with minor weakness,” Immediate support is at 18,100-18,050 levels . The Nifty Midcap 100 and Smallcap 100 indices also participated in the run, rising 1 percent each on positive breadth, while the volatility inched up for yet another session with the India VIX rising to 12.64 levels from 11.72 levels.
Asia markets trading mixed after wall street rebound on Friday,Nik,28951/-206/-0.71% Dj,33674/546/1.65% Vix17.2. -14.5%, Dow jumps 500 points to break four day losing streak as reginal banks and apple surge,
Oil,71.34,prices jump, but post third straight weekly fall on economic woes; Gold, slides on US job growth as fed rally fizzles, Bonds,3.435, yields surge after much hotter than expected April jobs report , Dollar, jumps as US job gains, wage growth beat expectations,
Nifty:18069/-186.8/-1.13%;Candle:OGD,Short day red,; Bank Nifty :42661.2/-1024.25/-2.34% Candle:OGD,Short day red ; HB:OGD,Short day red,1634.
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long45%FutCash;777;Opt91%
OI data Nifty ( max pain W18100M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a positive start for the broader index with a gain of 54 points after the Nifty closed 188 points lower at 18,069 on Friday. SGX futures stood at 18,178. Coal India March quarter net profit misses estimates, down 18%, Headwinds from US banks fallout, debt default fears to keep investors anxious,
Events/Results:UPL, Canara Bank, Indian Bank, Aarti Industries, Apollo Pipes, Birlasoft, CG Power and Industrial Solutions, Craftsman Automation, Exide Industries, Happiest Minds Technologies, HFCL, Kalpataru Power Transmission, Kansai Nerolac Paints, Mahanagar Gas, Pidilite Industries, and VIP Industries will be in focus ahead of quarterly earnings on May 8.
The National Stock Exchange has retained GNFC and Manappuram Finance to its F&O ban list for May 8.
Market wrap up(DWM,T,N,E):The market succumbed to selling pressure on May 5, with the benchmark indices reversing all their previous day’s gains to close with a percent down. The sharp fall in HDFC twins dented sentiment. Also, as a result, the market closed flat for the week. The BSE Sensex on May 5 tanked 695 points to 61,054, while the Nifty50 fell 187 points to 18,069 and formed bearish candlestick pattern with a long upper shadow on the daily scale, indicating profit booking as well as selling pressure at higher levels. “This market action indicates rejection of bulls at the higher levels. However, the chart pattern also signal bull trap for the market participants, as Nifty failed to sustain above the strong overhead resistance of 18,200 levels on Friday, after sustaining above it on Thursday,” The positive chart pattern like higher tops and bottoms is still intact and the present weakness could be in line with the formation of the new higher bottom. Hence, further weakness from here could signal a higher bottom reversal around the next important support of 17,800 levels, Nifty on the weekly chart formed a small negative candle with a long upper shadow. This chart pattern hints at a possibility of more weakness in the coming sessions , The broader markets also traded in line with frontliners as the Nifty Midcap 100 index was down 0.7 percent and Smallcap 100 index fell 0.8 percent.
Asia markets fall as wall street marks four day losing streak on banking woes, Nik,29158/35/0.12% Dj,32128/-287/-0.86% Vix20.09/9.5% US stock futures rise slightly following apple earnings, BC 28849/477/1.7%
Oil,68.65, Gold,2056, Bonds,3.384, Dollar, dips , euro dips after cautiuos ECB
Nifty:18255.8/165.95/0.92%;Candle:OF,Short day green; Bank Nifty :43685.45/372.75/0.86% Candle:OF,Short day green ; HB,OF , Long day green,1727.8,
News:SGX Nifty indicates a negative start for the broader index with a loss of 71 points after the Nifty closed 165 points higher at 18,255 on Thursday. SGX futures stood at 18,250. Economic slowdown looms on Nifty earnings: BofA maintains the target at 18,000 , Britannia may sweeten Q4 topline with 13% growth, led by price hikes, market share gains,
Events/Results:
Britannia Industries, One 97 Communications, Adani Power, Ajanta Pharma, Alembic Pharmaceuticals, Bharat Forge, DCB Bank, Equitas Small Finance Bank, Federal Bank, Gujarat Fluorochemicals, Marico, Olectra Greentech, Piramal Enterprises, Sundaram-Clayton, Symphony, Tata Investment Corporation and Windlas Biotech will be in focus ahead of quarterly earnings on May 5.
Union Bank of India, Bank of India, 3i Infotech, ADF Foods, Aether Industries, Computer Age Management Services, Gujarat Ambuja Exports, Greenpanel Industries, Grindwell Norton, TVS Electronics, and Zen Technologies are going to be in focus ahead of quarterly earnings on May 6.
Coal India will release quarterly and full-year earnings on May 7.
The National Stock Exchange has added GNFC and retained Manappuram Finance to its F&O ban list for May 5.
Market wrap up(DWM,T,N,E):The market rebounded smartly after a correction in the previous session and closed nearly 1 percent higher on May 4, after the US Federal Reserve hiked rates by 25 bps and signalled a potential pause in the rate hike cycle. “Two days’ consolidation provided a much-needed breather before the further rally. The current uptrend might remain in force as long as it sustains above 18,200,” On the higher end, the rally might extend towards 18,500, The rally was driven by banking and financial services, metal, technology and pharma stocks, while the broader markets also participated in the run-up as the Nifty Midcap 100 and Smallcap 100 indices gained 0.6 percent and 0.8 percent respectively.
Asia markets slip after Fed rises rates, and hints hike could end, Nik,29158/34/0.12% Dj, 33414/ -270/-0.8% Vix18.34/3.2% S&P 500 futures slip after federal reserve hike rates, bank contagion fears return
Oil,68.81,lose ahead of expected interest rate hikes, Gold,2035;holds ground with Fed rate verdict in sight, Bonds,3.379, yields fall as investors await fed interest rate decision, Dollar,dips before expected fed hike and possible cause, BC 28735/-42/-0.12%
Nifty:18089.85/-57.8/-0.32%;Candle:OGD,Doji; Bank Nifty:43312.7/-39.4/-0.09% Candle:OGD,Doji, ; HB:ogd,Short day green,1693,
Events/Results:Housing Development Finance Corporation, Hero MotoCorp, Adani Enterprises, Dabur India, Tata Power, TVS Motor, Sundram Fasteners, 360 ONE WAM, Aptus Value Housing Finance, Blue Star, Bombay Dyeing & Manufacturing Company, CEAT, Firstsource Solutions, IDFC, Jammu & Kashmir Bank, Mindspace Business Parks REIT and United Breweries will be in focus ahead of quarterly earnings on May 4.
The National Stock Exchange has added Manappuram Finance to its F&O ban list for May 4.
Market wrap up(DWM,T,N,E):The market snapped a six-day winning streak on the Nifty50, on May 3, as the selling pressure was seen in metal, technology, select oil & gas, and banks stocks. The broader markets also remained volatile, ending on a mixed note with the Nifty Midcap 100 index rising a third of a percent and Smallcap 100 index falling one-tenth of a percent.The BSE Sensex fell 161 points to 61,193, while the Nifty50 declined 58 points to 18,090 and formed a bearish candlestick pattern on the daily charts, negating higher highs of the last six straight sessions. “A small negative candle was formed on the daily chart with a minor lower shadow. The smaller decline at the highs could signal a lack of sharp selling participation in the market,” “There is a possibility of further consolidation or minor weakness for the next 1-2 sessions before showing an upside bounce from the higher lows. Immediate support is at 17,900 levels,”
