Asia markets fall after wall streets banks jump on stress test results,Nik, Dj, Vix US stock futures are little changed as investors await key inflation data,
Oil, Gold, Bonds, Dollar,hits 2 week high after data ,yen remains soft,
Nifty:18972.1/154.7/0.82%;Candle:OGU,Short day green; Bank Nifty:44327.8/206.3/0.47% Candle:OGU,Doji ; HB:OGU;Short day green,1676,
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 20 points on Friday. SGX futures stood at 19,170 points. Reliance Capital lenders approve Hinduja’s bid of Rs 9,661 crore for company , NSE-BSE showed maturity in reverting Bank Nifty expiry decision: Sebi’s Madhabi Buch, ICICI Sec to become wholly-owned subsidiary of ICICI Bank. Check out share swap ratio
Events/Results:
Market wrap up(DWM,T,N,E):It was a historic day for the market as the Nifty50 touched a new milestone of 19,000 mark on June 28, the monthly F&O expiry day. We have seen every sector participate in the rally, while the broader markets continued the uptrend for the third straight session along with benchmarks. The BSE Sensex hit the 64,000 mark for the first time intraday, rising 499 points to 63,915, while the Nifty50 jumped 155 points to end at a record closing high of 18,972 and formed a bullish candlestick pattern on the daily timeframe. “This rally was backed by a consolidation breakout observed on the daily chart, indicating a strong upward movement. Additionally, the Nifty index has successfully invalidated a Dark Cloud cover pattern on the weekly chart. It’s worth noting that failed patterns often result in more significant price movements than the initial pattern itself,” the overall trend for the Nifty index is expected to remain positive as long as it stays above the support level of 18,700. This level is significant because Put writers, who provide downside protection, are actively positioned there to prevent a substantial decline in the index, the immediate resistance for the Nifty index at 19,000. If the Nifty convincingly breaks above this level, it may induce an upward movement towards 19,450 , The Nifty Midcap 100 index rose six-tenth of a percent and the Nifty Smallcap 100 index gained a third of a percent.
Oil, Gold, Bonds, Dollar, weaker after data burst, euro rises on ECB comment, BC30531/305/1%
Nifty:18817.4/126.2/0.68%;Candle:OGU<Short day green,; Bank Nifty:44125.5/480.45/1.1% Candle:OGU.Long day green, ; HB:OGD,Short day green,1659,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain W18800M)
OI data Bank Nifty Nifty(max pain W M)
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 60 points on Wednesday. SGX futures stood at 18,869 points. US considering new restrictions on AI chip exports to China, HDFC says July 13 delisting date is ‘tentative’, ED arrests real estate firm Supertech’s chairman R K Arora in money-laundering case,
Events/Results:The National Stock Exchange has added L&T Finance Holdings and Manappuram Finance to its F&O ban list for June 28.
Market wrap up(DWM,T,N,E):Bulls gained strength, taking the Nifty50 back above the 18,800 mark on June 27 ahead of its monthly futures and options contracts expiry on June 28. Banking and financial services, technology and metal stocks led the rally. The BSE Sensex jumped 446 points to 63,416, while the Nifty50 rose 126 points to 18,817 and formed a bullish candlestick pattern on the daily scale after a Doji pattern formation in the previous session. “After the formation of Doji type candle pattern on Monday, the Nifty bouncing back decently on Tuesday could be an indication of a short-term upside reversal,” The Nifty has taken support from the 20-day EMA (exponential moving average) at 18,650 levels and showed an upside bounce from the higher bottom. “The said moving average has been offering support for the Nifty in the past and resulted in a sustainable upside bounce from the supports,” Hence, one may expect further upmove and the Nifty to retest the crucial overhead resistance of 18,900 levels in the short term, while immediate support is at 18,650 levels, The market breadth was also positive, helping the broader markets end with around half a percent gains, while India VIX, the fear index, closed at the three-and-half-year low of 10.78, down 5.41 percent.
Events/Results:The National Stock Exchange has retained Hindustan Copper, and RBL Bank on its F&O ban list for June 27.
Market wrap up(DWM,T,N,E):It was a volatile and rangebound session for the market, with the benchmark indices closing on a flat note on June 26 despite weakness in global counterparts. The BSE Sensex remained below the 63,000 mark, falling 9.4 percent to 62,970, while the Nifty50 rose 26 points to 18,691 and formed a Doji kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future market trend, after two-day correction. The immediate support of 10-day EMA (exponential moving average) has been broken on the downside on Friday at 18,750 levels and the Nifty is currently placed at the next crucial support of 20-day EMA around 18,650 levels, The broader markets rebounded smartly after a two-day weakness on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices climbed nearly 1 percent and six-tenth of a percent respectively.
Nik, Dj,33727/-219/-0.65% Vix13.4/ 4%, US stocks tumble on friday ,Nadaq snaps 8 week winning streak,
Oil,69.5,dips on demand worries as more rate hikes likely, Gold,1930.3, notches worst week since February, Bonds,3.737, yields decline as investors digest Fed official comments, Dollar, higher on safety bid as data spurs growth worries, BC 30886/224/0.73%
Nifty:18665.5/-105.75/-0.56%;Candle:OGD,Short day red; Bank Nifty:43622.9/-101.95/-0.23% Candle:OGD,Doji ; HB:OF.Hammer,1645,
Events/Results:The National Stock Exchange has added Hindustan Aeronautics to its F&O ban list for June 26 and retained Hindustan Copper, L&T Finance Holdings, Punjab National Bank, and RBL Bank on the list.
Market wrap up(DWM,T,N,E):The market continued its southward journey for yet another session on June 23, falling around half a percent, but took a support at 18,650 on the Nifty50, which is near its 21-day EMA (18,631). Hence, if the said support gets broken then it can see correction up to 18,500-18,450 levels, while the resistance remains at 18,700-18,800 levels, The weakness in global counterparts and correction in most of key sectors weighed down the market. The BSE Sensex fell 260 points to 62,979, while the Nifty50 declined 106 points to 18,666 and formed bearish candlestick pattern on the daily scale, while there was Double Top kind of pattern formation on the hourly charts and Dark Cloud Cover candlestick pattern on the weekly timeframe, which is broadly negative.”For traders, 18,650 would act as a sacrosanct support level. If the index trades above the same then it could retest the level of 18,880 and move up to 19,000. Below the 18,650, the market could slip till 18,500-18,450,” Additionally, the relative strength index (RSI) indicates negative divergence, indicating a weakening bullish momentum. If the index breaks below 18,500, it could potentially drop towards 18,200, The broader markets also corrected for second straight session, with the Nifty Midcap 100 and Smallcap 100 indices declining over 1 percent each on weak breadth.
Japan inflation eases but stay above BOJ target, Nik, Dj,33946/-5/-0.01% Vix12.91/-2.2% US stock futures are flat on thursday, evening as wall street heads for losing week, BC300035/-37/-0.12%
Oil,69.4,plunges 4% as interest rate hike overweigh lower US supply Gold,1925, 3 months low, Bonds,3.785, rise as investors consider interest rate out look, Dollar, up on risk aversion, sterling .swiss frank slip despite rate hikes,
Nifty:18771.25/85.6/0.45%;Candle:OF<short day red; Bank Nifty:43724.85/134.35/0.31% Candle:OF,Short day red ; HB:OF, OGU,Hammer, 1646,
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 51 points on Friday. SGX futures stood at 18,923. MPC minutes: Monetary policy needs to remain in ‘brace’ mode, says RBI DG Patra, Adani Group statements to investors draw US regulatory scrutiny.,Sebi bars Eros Intl MD and CEO from Board positions, pending investigations into fund diversion,
Events/Results:The National Stock Exchange has added RBL Bank to its F&O ban list for June 23 and retained BHEL, Hindustan Copper, L&T Finance Holdings, and Punjab National Bank on the list.
Market wrap up(DWM,T,N,E):The market snapped two days of gains amid volatility and fell nearly half a percent on June 22. The weak global cues after the hawkish tone by the Federal Reserve and selling in most sectors dented sentiment. The BSE Sensex dropped 284 points to 63,239, while the Nifty50 declined 86 points to 18,771 and formed a bearish candlestick pattern on the daily scale, but still defended support of 18,700. Intraday, the BSE Sensex hit a fresh all-time high, while the Nifty50 went very close to its previous record high again but failed for the third time this week.On the hourly chart, a distinct ‘Double Top’ pattern can be identified on the Nifty. This suggests that a breakout above 18,888 is necessary to sustain the upward trend, the low reached on Tuesday, around 18,650, coincides with the 20-day EMA (exponential moving average) and can be regarded as a significant support level. A breach below this level could trigger a breakdown of the Double Top pattern, potentially leading to further profit booking in the Nifty. Nevertheless, “considering the recent sessions where profit booking occurred, it is our belief that such corrections, whether in terms of time or price, should be viewed as healthy for the overall primary uptrend,” The Nifty Midcap 100 and Smallcap 100 indices also saw profit booking after an eight-day run, falling 1 percent and 0.8 percent respectively.
Asia markets mostly rise, even as Fed forecasts more rate hike to deal with inflation, Nik,33495/-82/-0.24% Dj,33956/-102/-0.3% Vix13.2/-4.9% Holiday US stock futures are flat after 3 day losing streak,
Oil, 72.4 steady after surprise inventory drop, offset demand fears, Gold,1943.1, steadies after hitting 3 month low, on powell’s remarks, Bonds, 3.731, little changed,Dollar,dips as Powell testimony disappoints hawks,BC30171/2228/8%
Nifty:18856.85/40.15/0.21%;Candle:OGU,Doji; Bank Nifty:43859.2/92.7/0.21% Candle:OGU.Doji ; HB:OGU.Long day green,1636
Events/Results:The National Stock Exchange has added Punjab National Bank to its F&O ban list for June 22 and retained BHEL, Delta Corp, Hindustan Aeronautics, Hindustan Copper, and L&T Finance Holdings on the list.
Market wrap up(DWM,T,N,E):The market extended its northward journey for the second consecutive session with the BSE Sensex as well as Nifty50 witnessing a fresh record closing high on June 21, backed by select banking and financial services, and technology stocks. The BSE Sensex hit its highest-ever level of 63,588 intraday, before closing the session with 195 points gains at 63,523, while the Nifty50 climbed 40 points to 18,857 and formed a Doji kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future market trend. “Despite experiencing a largely flat and sideways movement, the overall trend remains positive as the Nifty50 managed to stay above the 18,800 mark, which is considered as immediate support,” In the short term, he believes that a crucial support level is observed at 18,700, where a substantial number of Put writers have shown their presence. This suggests that there is a significant amount of buying interest and support at that level. On the higher end, “a resistance level is noted at 19,000, where Call writers are waiting to defend the price level. This indicates that there may be selling pressure and a potential hurdle for the index to surpass. A rise above 19,000 may induce further rally in the market,” The market breadth was in favour of advances. The Nifty Midcap 100 and Smallcap 100 indices gained for the eighth straight session, closing with 0.8 percent and 0.1 percent gains respectively.
Asia markets set to fall as wall street rally cools from last week, Nik,33468/75/0.23% Dj, Vix US stock futures are little changed Tuesday night as market rally falters,
Oil,70.5, Gold,1948 Bonds, Dollar,firm on supportive us data, swedish crown, Aussie slide
Nifty:%;Candle:OF,short day green; Bank Nifty:% Candle:OGD,Short day green ; HB:OGU,Sort day green, 1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long52%FutCash;-1942;Opt99%
OI data Nifty ( max pain W18800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The National Stock Exchange has added BHEL and Hindustan Copper to its F&O ban list for June 21 and retained Delta Corp, Hindustan Aeronautics, Indiabulls Housing Finance, India Cements and L&T Finance Holdings on the list.
Market wrap up(DWM,T,N,E):The market rebounded nicely in the last hour of trade and continued its uptrend for a second consecutive session on June 20, as buying interest was seen in most of the key sectors. The BSE Sensex climbed 159 points to 63,328, while the Nifty50 rose 61 points to 18,817 and formed a bullish candlestick pattern with a long lower shadow on the daily charts. “The overall trend appears positive as the Nifty closed above the 18,800 mark. The momentum indicator, relative strength index (RSI), indicates a bullish crossover, suggesting increasing buying pressure,” Looking ahead, he believes that resistance levels are expected around 18,850-18,900 on the higher end, indicating potential price barriers. On the lower end, the support is placed at 18,700, indicating a level where the stock may find buying interest, The Nifty Midcap 100 and Smallcap 100 indices continued their upward journey, rising half a percent each on positive breadth.
Asia markets mixed ahead of loan prime rate decision, Nik,33253/-114/-0.34% Dj,34299/-109/-0.32% Vix 14.2/ 4.8% US stock futures inch lower as investors kick off holiday shortened week of trading,
Oil,71.3,slides more than 1$ on china growth uncertainties, Gold, 1962.3,ticks lower ,traders assess fed rate trajectory, Bonds, 3.818, Dollar,drifts as traders weigh rate path, yen fragile,BC26938/308/1.2%
Nifty:18755.45/-70.55/-0.37%;Candle:OGU,Long day red; Bank Nifty:43633.75/-304.4/-0.69% Candle:OF,Long day red ; HB:OGu,Short day green,1605,
Events/Results:The National Stock Exchange has added Hindustan Aeronautics to its F&O ban list for June 20, and retained Delta Corp, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, Tata Chemicals, and Zee Entertainment Enterprises to the list.
Market wrap up(DWM,T,N,E):There was some correction after a day of rally on June 19, and as a result, the benchmark indices were off their record closing high. Weakness in global counterparts weighed on the sentiment. Also, the fall in banks, auto, FMCG, and oil & gas stocks dragged the market down. The BSE Sensex plummeted 216 points to 63,168, while the Nifty50 shed 71 points to 18,756 and formed a Dark Cloud Cover kind of pattern on the daily charts, which is a trend reversal pattern to the downside. “The index has formed Dark Cloud Cover on the daily charts which is a small reversal pattern in nature suggesting further downside till 18,600 can be seen once it breaches Monday’s low in the next trading session,” The broader markets outperformed benchmarks despite negative breadth, as the Nifty Midcap 100 and Smallcap 100 indices closed with moderate gains.India VIX – the fear index – increased by 3.55 percent from 10.84 to 11.23 levels, favouring bears and giving discomfort to bulls.
Nik, Dj,34299/-109/-0.32% Vix13.54/-6.6% S&P500 breaks 6 day winning streak on friday, but notches best week since March
Oil,71.44, gains for the week as supply cut balance demand concerns, Gold, wobbles as traders juggle hawkish fed , weaker dollar, Bonds,3.767/ 2 year treasury yield climbs, as investors assess interest rate outlook, Dollar, yens saggs to 15 year low vs euro,after BOJ rate decision, BC26466/99/0.37%
Nifty:18826/137.9/0.74%;Candle:OGU.Long day green; Bank Nifty: 43938.15/494.55/1.14% Candle:OGU,Long day green ; HB:OGU.Long day green,1603
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 6 points on Monday. SGX futures stood at 18,900. Direct tax collections at Rs 3.8 lakh crore, up 11.2% so far in FY24, Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT, Primary Market Action | 4 IPOs to hit Dalal Street this week
Events/Results:The National Stock Exchange has retained Delta Corp, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, L&T Finance Holdings, Manappuram Finance, Tata Chemicals, and Zee Entertainment Enterprises to its F&O ban list for June 19.
Market wrap up(DWM,T,N,E):The market saw a historic closing high on June 16, with a decisive breakout of downward sloping resistance trendline adjoining highs of December 1 last year (previous record high) and June 8 this year and formed bullish candlestick pattern on the daily charts. “A long positive candle was formed on the daily chart with minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of 18,800 levels and the Nifty is now set to zoom into new all-time highs above 18,887 levels, Nifty, as per the weekly chart, also formed a long bull candle. It has surpassed the rangebound action of the last two weeks and closed higher. This is positive indication. the near term uptrend of Nifty remains intact and one may expect it to register new all-time highs in the coming week. The next upside target to be watched around 19,000-19,100 levels, while immediate support is at 18,700 levels, The broader markets also participated in the run, as the Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent, respectively, on positive breadth, while India VIX, the fear index, fell by 2.16 percent from 11.08 levels, to 10.84, the lower closing level since December 27, 2019.
Asia markets mixed ahead of BOJ rate decision, Nik, Dj,34408/428/1.3% Vix 145/4.5% US stock futures slip ,but wall street look towards winning week,
Oil,70.5, up 3% on strong china refinery data, weaker US dollar, Gold,1973, Bonds, 3.734 as investors digest Fed rate decision , policy guidance, Dollar, euro advance reach 15 year peak vs yen, after ECB lifts rate, BC25497/-387/-1.5%
Nifty:18688.1/-67.8/-0.36%;Candle:OF,Long day red; Bank Nifty:43443.6/-544.4/-1.24% Candle:OF,Long day red ; HB:1581,Of,Long day red
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 78 points on Friday. SGX futures stood at 18,838. Exclusive: Banks, LIC appoint SBI Capital Markets as merchant banker for stake sale in UTI mutual fund, say sources, IKIO Lighting IPO | Expect strong listing, can book partial profits, say analysts
Events/Results:The National Stock Exchange has added L&T Finance Holdings, and Tata Chemicals to its F&O ban list for June 16 and retained BHEL, Delta Corp, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, and Zee Entertainment Enterprises.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last four consecutive sessions, on June 15, after the Federal Reserve’s hawkish commentary hinting at the possibility of two more rate hikes in the coming period. Selling was seen in banking and financial services, and technology stocks. The BSE Sensex fell 311 points to 62,918, while the Nifty50 dropped 68 points to 18,688 and formed a Bearish Engulfing candlestick pattern on the daily charts, indicating the possibility of bearish sentiment in the short term, but the index defended 18,600 levels. “The formation of a High Wave pattern on Wednesday and Bearish Engulfing pattern on Thursday indicate short-term top reversal pattern for the Nifty,” Thursday’s high of 18,794 levels could now be considered as a new higher top of the sequence. Hence, one may expect further weakness in the short term to form a new higher bottom at the lows, The near-term uptrend of the Nifty remains positive and present weakness is expected to find support around 18,500 levels in the next few sessions, he said, adding that a decisive move below 18,500 is expected to open sharp weakness in the near term. However, the Nifty Midcap 100 and Smallcap 100 indices continued to trade in positive terrain for the fourth straight session, rising around 0.2 percent each.
