Asia markets to rise as investors digest the Fed’s hawkish pause in rate hikes, Nik, 33579/84/0.26% Dj,33980/-232/-0.68% Vix13.88/-5% ; US stock futures are little changed
Oil,69.22,rises as market awaits fed interest rate decision, Gold,1969.3,gains before fed policy decision,as US data shows inflation slow down, Bonds,3.792, yields dip ahead of Fed announcement, Dollar, backs down as traders price in a fed skip, Bc25966/75/0.3%
Nifty:18755.9/39.75/0.21%;Candle:OGU;Doji, Bank Nifty:43988/-91.85/-0.21% Candle:OGU,Short day red, ; HB:OGU,short day red,1602,
News:The SGX Nifty indicates a marginally lower start for the broader index with a loss of 11 points on Thursday. SGX futures stood at 18,823. Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year, Bain Capital to sell stake up to $267 million in Axis Bank via block deal: Sources,
Events/Results:The National Stock Exchange has added Zee Entertainment Enterprises to its F&O ban list for June 15 and retained BHEL, Delta Corp, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, and Manappuram Finance
Market wrap up(DWM,T,N,E):The market saw some consolidation after a day of sharp uptrend and closed the session on a positive note on June 14, ahead of the interest rate decision by the Federal Reserve tonight. Most experts expect the Fed to maintain the status quo, The benchmark indices continued their upward journey for the third consecutive session. The BSE Sensex rose 85 points to 63,229, while the Nifty50 climbed 40 points to 18,756 and formed a Doji sort of candlestick pattern on the daily charts as the closing was near its opening levels. “Currently, the market is placed at the hurdle of 18,800 levels and is showing lack of strength to witness any decisive upside breakout of the same,” The positive chart pattern of higher highs and lows is intact as per the daily timeframe chart. Further upmove above 18,778 levels with a lack of strength could possibly result in another higher top formation for the short term and that could bring the next round of short-term weakness for the market, However, a decisive move above 18,800-18,900 levels could open further upside into all-time highs, while immediate support is placed at 18,625, The broader markets also continued the upward trend with the Nifty Midcap 100 and Smallcap 100 indices closing with moderate gains.
Asia markets rise ahead of Fed meeting and as US inflation rate hits 2 year low, Nik,33304/287/0.87% Dj,34212/146/0.43% Vix 14.61/ -2.7% S&P futures are little changed as wall street count down to fed decision, BC 26000/193/0.75%
Oil,69.1, prices rise 3% after china rate cut, Gold,1960, dips as US yield ticks higher , spot light on Fed, Bonds, 3.808/ climbs after CPI report shows slowing inflation ahead of fed decision, Dollar,falls to 3 week low as US inflation data backs Fed pause view,
Nifty:18716.15/114.65/0.62%;Candle:OGU, Short day green; Bank Nifty:44079.85/135.65/0.31% Candle:OF,Short day green ; HB:OGD,Short day green,1604,
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 48 points on Wednesday. SGX futures stood at 18,833. Adani in talks for first major debt refinancing after Hindenburg, Watchful of refinancing risk on Vedanta Resources’ term debt of $4.2 billion due in FY24: CreditSights,
Events/Results:The National Stock Exchange has added BHEL and Manappuram Finance to its F&O ban list for June 14 and retained Delta Corp, Indian Energy Exchange, India Cements and Indiabulls Housing Finance to the list.
Market wrap up(DWM,T,N,E):The market turned strong with the Nifty50 getting back above 18,700 and Sensex above the 63,000 mark on a closing basis, on June 13, on the back of easing CPI inflation and healthy IIP data. Also, the market participants may be hopeful for a pause in rate hike by Federal Reserve in its June meeting. The BSE Sensex rallied 418 points to 63,143, while the Nifty50 climbed 115 points to 18,716 and formed a Bullish Belt Hold kind of pattern on the daily charts, indicating the strong control by bulls over the Street. “The near-term trend of the market remains positive. One may expect Nifty to move above the hurdle of 18,800-18,900 levels in the next few sessions,” Any weakness from the highs could find immediate support around 18,500 levels, The broader markets also continued the northward journey, with the Nifty Midcap 100 and Smallcap 100 indices rising 1.22 percent and 0.7 percent, respectively on positive breadth.
Asia markets mostly rise as US inflation forecasts fall ,nikkei to reach 2023 new high; Nik,32720/287/0.9% Dj,34066/190/0.56% Vix15 / 8.5%, US stock futures are flat ahead of key inflation report,
Oil,67.9, oil prices fall ,Fed rate decision in focus, Gold,1972, edges up on weaker dollar,as fed pause hopes linger, Bonds,3.769, climbs as investors anticipate key inflation data, Dollar,edges lower as fed pause eyed in busy central bank week, Bc
Nifty:18601.5/38.1/0.21%;Candle:OGU,Doji; Bank Nifty:43944.2/-44.8/-0.1% Candle:OF,Doji ; HB:OF,Short day green
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 31 points on Tuesday. SGX futures stood at 18,729. Indian economy improves as CPI inflation drops to 4.25%, says ASSOCHAM, IIP growth rises to 4.2% in the month of April 2023,
Events/Results:The National Stock Exchange has added Delta Corp and retained Indian Energy Exchange, India Cements, and Indiabulls Housing Finance to its F&O ban list for June 13.
Market wrap up(DWM,T,N,E):The market rebounded after a two-day correction amid a rangebound session, and closed with moderate gains on June 12, ahead of CPI inflation which dropped to 4.25 percent in May, the lowest in 25 months, from 4.7 percent in April. The BSE Sensex climbed 99 points to 62,725, while the Nifty50 rose 38 points to 18,602 and formed a Doji kind of candlestick pattern on the daily charts. “This pattern indicates a halt in a few sessions’ minor weakness that started from the swing highs,” immediate supports like daily 10-day and 20-day EMAs (exponential moving averages) are offering a base for the Nifty for the past two months , “The overall chart pattern signal chances of an upside bounce in the coming session. Immediate support is at 18,500 levels and crucial overhead resistance is placed at 18,800 levels,” The broader markets also bounced back and outperformed benchmarks on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.55 percent and 0.87 percent respectively.
Asian markets mixed ahead of crunch central bank meetings, Nik,32476/210/0.65% Dj,33876/43/0.13% Vix13.83/1.32% S&P500 notches 4th straight positive week, touches highest level since August,
Oil,70.35,posts second weekly decline as demand concerns overshadow saudi cut, Gold,1975.7, heads for best week in five on Fed rate pause bets, Bonds, 3.743, climbs as investors prepare for Fed policy meeting , Dollar, gains for fed meeting ,inflation data, BC 25762/77/0.33%
Nifty:18563.4/-71.15/-0.38%;Candle:OGU,Short day red; Bank Nifty:43989/-6.25/-0.01% Candle:Of,Doji ; HB:OGU,Doji,1612
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 70 points on Monday. SGX futures stood at 18,680. Moody’s sees India’s GDP expanding 6-6.3 percent in Q1, flags fiscal slippage risks, MPC may not go for rate cut before February 2024: HDFC Securities,
Events/Results:The National Stock Exchange has added Indian Energy Exchange and India Cements to its F&O ban list for June 12, and retained Indiabulls Housing Finance on the list.
Market wrap up(DWM,T,N,E):With the Nifty50 falling below the 18,600 mark on June 9, we saw selling pressure in equity benchmarks for yet another session as all sectors trended down, led by FMCG and IT. The BSE Sensex dropped 223 points to 62,626, while the Nifty50 declined 71 points to 18,563, and formed a bearish candlestick pattern on the daily charts for the second straight session. Overall, the Nifty is not displaying any major signs of weakness. However, “at higher levels, signs of exhaustion are emerging, with negative divergence observed in momentum indicators, suggesting a potential for profit booking in the market,” the immediate and crucial support level stands at the 20-day moving average (DMA) of 18,450, and if breached, the next support level would be 18,180. On the upside, the 18,800-18,888 range is seen to be a resistance zone, Broader markets also trended downward, with the Nifty Midcap 100 and Smallcap 100 indices falling over one-tenth of a percent each on weak breadth, even as volatility remained lower levels. The India VIX closed at a one-and-half-month low (11.12), indicating that the market is more stable.
Asia markets slide further in early trading as wall street pauses market rally, Nik,31935/16/0.05% Dj,33665/92/0.27% Vix13.94.-0.1% US stock futures are little changed on wednesday night as rally hesitates,
Oil,72.55,rise as saudi output cut outweigh weak demand outlook, Gold,1960, slide 1% as bond yield tick higher on fed, Bonds,3.793,rise as investors look toward fed’s next meeting, Dollar,edges up against yen, as investors wait on inflation data,Fed, BC 26457/-508/-1.9%
Nifty:18276.4/127.4/0.68%;Candle:OGU,Short day green; Bank Nifty:44275.3/110.75/0.25% Candle:OGU,Doji ; HB:OF,Doji,1612,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long50%FutCash;1383;Opt104%
OI data Nifty ( max pain W18700M)
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 12 points on Thursday. SGX futures stood at 18,823. IKIO Lighting IPO subscribed 6.83 times on Day 2 of bidding, LIC increases stake in Tech Mahindra to 8.88%, RBI’s MPC will announce its decision on policy rate today
Events/Results:The National Stock Exchange has retained Indiabulls Housing Finance, India Cements and Manappuram Finance to its F&O ban list for June 8.
Market wrap up(DWM,T,N,E):The market has seen a gap-up opening and remained in the positive terrain throughout the session on June 7, as buying interest was seen across sectors. Traders also seem positive ahead of the interest rate decision by the Reserve Bank of India’s Monetary Policy Committee scheduled for June 8. The benchmark indices closed at the highest level of 2023. The BSE Sensex jumped 350 points to 63,143, while the Nifty50 rose 127 points to 18,726 and formed a bullish candlestick pattern on the daily charts, making higher high and higher low formation. “This indicates an attempt at an upside breakout of minor range movement. The Nifty formed a new swing high of 18,738 levels on Wednesday,” the Nifty is all set to move into all-time highs (above the high of 18,887 on December 1, 2022) in the short term and that could possibly open sharp upside momentum for the market ahead. Immediate supports to be watched are at 18,650 levels and the immediate resistance is around 18,900 levels for the short term, The Nifty Midcap 100 and Smallcap 100 indices maintained the upward journey, rising over a percent each on positive market breadth.
Asia markets mixed after S&P500 makes highest level 2023 level ; China’s may trade figure in focus, Nik,32263/-253/-0.82% Dj,33573/10/0.04% Vix 13.96/ -5.23% US stock futures are flat after S&P500 notches highest close since august
Oil,71.73,eases on economic slowdown fears over shadow saudi out put cut, Gold, 1981.7, wait and see mode as fed rate path stays cloudy , Bonds,3.67, Dollar, Aussies jumps on RBA hike ,US dollar edges higher, BC 27098/1555/6.1%
Nifty:18599/5.15/0.03%;Candle:OF,Doji; Bank Nifty:44164.55/62.9/0.14% Candle:OF,Doji ; HB:OGD,Short day red,1599
News:World Bank offers dim outlook for the global economy in face of higher interest rates, Morgan Stanley sees Sensex at 68,500 by Dec on cool-off in commodities, rate hike pause, The SGX Nifty indicates a marginally higher start for the broader index with a gain of 42 points on Wednesday. SGX futures stood at 18,724
Events/Results:
The National Stock Exchange has retained Indiabulls Housing Finance, India Cements and Manappuram Finance to its F&O ban list for June 7.
Market wrap up(DWM,T,N,E):The recovery in late trade amid consolidation helped the market close flat with a positive bias on June 6, as the three-day meeting of the Monetary Policy Committee members started a discussion over interest rate decisions. The benchmark indices continued the uptrend for the third consecutive session. The BSE Sensex was up 5.4 points at 62,793, while the Nifty50 rose 5.2 points to 18,599 and formed a Doji candlestick pattern on the daily charts, indicating the tug-of-war between bulls and bears for market direction as the closing was similar to opening levels. “Normally, such Doji formations after a reasonable up move or down move calls for reversal. Having formed this pattern amidst a range movement, the predictive value of this pattern could be less,” immediate supports like daily 10 and 20-day EMAs (exponential moving average) are intact and the intraday buying has been emerging so far from this support in the short term. On the upper side, repeated testing of crucial hurdle around the 18,600-18,700 levels is expected to result in a decisive upside breakout, while immediate support is at 18,500 levels, We have seen a continued uptrend in broader markets with the Nifty Midcap 100 and Smallcap 100 indices rising 0.06 percent and 0.54 percent, respectively.
Asia markets to fall as wall street rally takes breather, Australia’s central bank decision ahead, Nik,32030/-182/-0.57% Dj,33562/-199/-0.59% Vix14.76,0.89% US stock futures are down slightly on monday evening after rally takes a breather,
Oil,71.9, rises after Saudi arabia pledges more voluntary cut, Gold,1977, rebounds after US services slowdown, boosts Fed pause bets, Bonds,3.683, treasury yield dips as investors assess interest rate outlook, key economic data, Dollar,falls after week services data, BC
Nifty:18593.85/59.75/0.32%;Candle:OGU,Inverted hammer; Bank Nifty:44101.65/163.8/0.37% Candle:OGU,Inverted hammer ; HB:1604,OGU< short day green,
The National Stock Exchange has added Indiabulls Housing Finance, India Cements, and Manappuram Finance to its F&O ban list for June 6.
Market wrap up(DWM,T,N,E):The buying interest in the market amid consolidation continued for yet another session on June 5, backed by auto, select banking and financial services, metal and pharma stocks. Positive Asian cues also aided the northward journey of the Indian equity benchmarks. The BSE Sensex rose 240 points to 62,787, while the Nifty50 climbed 60 points to 18,594 and formed a bearish candlestick pattern with an upper shadow on the daily charts but negated lower highs of the previous three consecutive sessions. “Technically, this pattern indicates a lacklustre type movement in the market at the highs. The upper area of 18,600-18,700 has been acting as a crucial hurdle as of now,” Nifty’s short-term trend continues to be positive with rangebound action. “The present consolidation movement is expected to continue within a high low range of 18,700-18,500 levels in the next 1-2 sessions. A decisive move above 18,700-18,800 is expected to bring more upside for the near term,” The broader markets continued the uptrend for more than a couple of weeks now, with the Nifty Midcap 100 index up 0.14 percent and Smallcap 100 index rising 0.36 percent.
Asia markets rise after Biden signs Debt ceiling bill, Oil surges on opec+ cuts , Nik, 32076/551/1.8% Dj,33762/701/2% Vix14.6/-6.7% Dow leaps 700 points on hot jobs report ,Nasdaq notches sixth straight winning week,US stock futures are little changed after s&p 500’s best week since March, BC27070/-70/-0.26%
Oil,71.9, jumps 2% after US debt deal and jobs data as focus turn to OPEC, Gold,1964.3,falls as yield gains after US payroll rise, Bonds,3.698, jumps on stringer than expected jobs data, Dollar,jumps on surprise boost in May payrolls. BC
Nifty:18534.1/46.35/0.25%;Candle:OGU,Doji; Bank Nifty:43937.85/147.65/0.34% Candle:OGU,Doji ; HB:OGU,Short day red,1607.
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 88.5 points on Monday. SGX futures stood at 18,717 , FPIs investment hit 9-month high at Rs 43,838 crore in May on strong domestic macro-outlook, reasonable valuation, RBI likely to maintain pause on interest rate as inflation moves southwards: ,
Events/Results:
The National Stock Exchange has not added any stock to its F&O ban list for June 5.
Market wrap up(DWM,T,N,E):The market recouped the previous day’s losses and snapped a two-day losing streak on June 2, on broad-based buying, with the Sensex closing 119 points higher at 62,547 and the Nifty50 ending at 18,534, up 46 points. The Nifty, which traded within the previous day’s range, formed a small bodied bearish candlestick with minor upper and long lower shadows on the daily charts. The pattern indicates formation of Inside Bar candle with overlapping candles. “The positive chart pattern like higher tops and bottoms continued as per daily timeframe chart and the present consolidation could be in line with the higher bottom formation of the pattern. The higher bottom reversal pattern has not been confirmed yet,” Considering the recent consolidation and the subsequent negation of such bearish patterns, one can expect a bounce in the market in the coming week, he said. For Nifty, immediate support is at 18,400-18,300 and the upside hurdle is at 18,650-18,850, The broader market outperformed the benchmark. Nifty midcap 100 and smallcap 100 indices gained half a percent each.
Asia markets mostly higher as US debt ceiling bill passes house votes, Nik,31347/200/0.64% Dj,33062/153/0.47% Vix15.65/-13% US stock futures inch higher as wall street eyes US may jobs report,
Oil,70.81,steadies as higher inventories, balance US debt bill progress, Gold,1996.3, prices rise on private pay roll, data as traders measure Fed policy path, Bonds,3.616, falls as traders weigh new economic data, debt ceiling progress, Dollar,retreats as Fed pause eyed, debt deal clears house, BC 26962/-96/-0.37%
Nifty:%;CandleOF,Short day red; Bank Nifty:% Candle:OGD,Short day red, ; HB:OGU,Short day red,1608,
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 70.5 points on Friday. SGX futures stood at 18,615. GST collections in May cross Rs 1.57 lakh crore, up 12% YoY, India’s economy likely to grow in 6.5-6.7% range in FY’24: CII President,
The National Stock Exchange has not added any stock to its F&O ban list for June 2.
Events/Results:
Market wrap up(DWM,T,N,E):The market continued to trend lower for the second consecutive day, with the benchmark indices falling a third of a percent dented by banking & financial services on June 1. The BSE Sensex fell 194 points to 62,429, while the Nifty50 slipped 47 points to 18,488 and formed a Bearish Belt Hold kind of pattern on the daily charts, which is a bearish reversal pattern but needs confirmation in the following session , “Nifty remains in an uptrend with trend support placed at 18,150. As long as the index maintained this level we expect the uptrend to continue towards 18,800-19,000,” For the short term, he is looking at 18,400-18,450 as a support zone. Breach of the trend levels could infuse volatility, he feels. The broader markets continued to perform better than benchmarks for yet another session. The Nifty Midcap 100 and Smallcap 100 indices gained 0.15 percent, and 1.02 percent, respectively as breadth tilted in favour of advances.
Asia markets mostly higher, as US debt ceiling bill heads to house floor, Nik,31168/39/0.55% Dj,32908/-135/-0.41% Vix17.94/2.75% S&P500 futures inch higher after house passes debt ceiling bill,BC 27128/-700/-2.52%
Oil,67.96,settles lower on weak china data, Gold,1979.5,set for monthly loss on dollar strength, Fed rate hike bets, but firm, Bonds,3.654, Dollar,backs off high ater fed officials suggest skipping june raate hike,
Nifty:18534.4/-99.45/-0.53%;Candle:OF,Short day red; Bank backs off high after fed officials suggest skipping june rate hike, Nifty:44128.15/-308.2/-0.69% Candle:OF,Short day red ; HB:1611,OGD,Short day red,
News:The SGX Nifty indicates a marginally lower start for the broader index with a loss of 74.5 points on Thursday. SGX futures stood at 18,587. India GDP numbers beat expectations, January-March growth at 6.1% , Govt proposes to offload 3% stake in Coal India via OFS at nearly 7% discount,
Events/Results:The National Stock Exchange has not added any stock to its F&O ban list for June 1.
Market wrap up(DWM,T,N,E):The market snapped a four-day winning streak on May 31, with the benchmark indices falling half a percent tracking correction in the global counterparts. The selling pressure was seen in banking & financial services, oil & gas, and metal stocks. The BSE Sensex fell 347 points to 62,622, while the Nifty50 declined 99 points to 18,534 and formed bearish candlestick pattern with long lower shadow on the daily charts, indicating buying interest at lower levels. The broader markets outperformed frontline indices as the Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index gained 1 percent. Hence, the overall sentiment remained bullish with the Nifty50 defending 18,500 mark. “Going ahead, with key global data points lined up and indicators in the overbought zone, some consolidation may occur within the key indices. However, the approach should remain positive, considering any further dips as buying opportunities,” From a level perspective, he feels the zone of 18,450 – 18,400 is a strong support area, while the immediate resistance is expected in the range of 18,650 – 18,730 levels. Traders should keep an eye on these levels and trade accordingly for the weekly expiry session,
