- Asia markets mixed as investors comeback from long week end, Nik,27630/111/0.4% Dj,33485/2.6/0.01% Vix18.4, S&P futures and treasury yield gains on Friday as march labor report says resilient economy,
- Oil,80.46,steady , snatches 3rd weekly gain after shock Opec+ cuts, Gold,2023.7, eases on its way to weekly gainon economic woes, Bonds,3.413, S&P futures and treasury yield gin on friday as march labor report resilient economy, Dollar, dips against most currencies ahead of US non payrolls , BC 27938/-4/-0.02%
- Nifty:17599.15/42.1/0.24%;Candle:OGD,Long day green; Bank Nifty:41041/41.85/0.1% Candle:OGD, Short day green ; HB:OGD,Long day green, 1667,
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- SGX Nifty:17695/-21/-0.12% FII Long18%FutCash;475;Opt16%
- OI data Nifty ( max pain W17600M)
- OI data Bank Nifty Nifty(max pain W M)
- News:US yields climb after jobs report,2.36L in March , uemployment 3.5% from 3,6%, UBS forecasts 5.5% Real GDP Growth for India in FY24, Oil edges higher on prospect of tighter supplies, Trends on the SGX Nifty indicate a flat start for the broader index in India, as the index gains of 15 points at 17,695 level on the Singaporean Exchange from its April 6 closing of 17,680.
- Events/Results: The National Stock Exchange has not added any stock to its F&O ban list for April 10.
- Market wrap up(DWM,T,N,E):The market close higher for the fifth consecutive session on April 6 after the Reserve Bank of India surprised the Street by leaving interest rates unchanged and also raised the FY24 growth forecast to 6.5 percent from 6.4 percent. Auto, financial services, metal, pharma and oil & gas stocks helped the market close higher. The Sensex rose 144 points to 59,833, while the Nifty climbed gained over 40 points to end at 17,599 and formed a bullish candlestick on the daily charts. “The Nifty is currently placed at the important resistance of the previous opening downside gap of March 10 around 17,600 levels. The Nifty on the weekly chart formed a reasonable positive candle for the second consecutive week and is placed at the crucial hurdle of down sloping trend line around 17,600 levels,” The near-term trend is positive. The Nifty can see consolidation before decisively rising to 17,600-17,700. The immediate support is at 17,500. The broader market outperformed the benchmarks, as breadth remained positive for yet another session. The Nifty midcap 100 index was up six-tenth of a percent and the smallcap 100 index rose 0.8 percent. The India VIX, which measures the expected volatility in the market, fell 4.95 percent to 11.80 levels.
Things to note(Traders&Investors): 10 April 2023 Mon ,@8.20AM
Leave a reply