Asia market mixed as wall street’s earning season continues,Nik,28448/-43/-0.15 Dj,33886/-143/-0.42% Vix17.07/-4.1% dow sheds more than 100 points friday, but notches fourth straight week positive week,
Oil, 82.68,rises, logs weekly gains after IEA predicts record demand, Gold, 2018, beats sharp retreat, as dollar bounces, rate hike bets grow, Bonds,3.515, 2 yr treasury yield rises back above 4% despite positive inflation reports this week, Dollar, bounces off one year low, weak retail sales not as bad as feared, BC
Nifty:17828/15.6/0.09%;Candle:OF,Short day green; Bank Nifty:42132.55/574.6/1.38% Candle:OF,Long day green ; HB:OF,Doji,1692,
News:SGX Nifty indicates a mildly negative start for the broader index with a loss of 83 points after Nifty closed 15 points higher at 17,828 on Thursday. SGX futures stood at 17,786. HDFC Bank reported 19.8 percent YoY growth in standalone profit, Infosys, second largest IT service exporter recorded Rs 6128 crore profit, Oil rises, logs weekly gains after IEA predicts record demand,
Events/Results: Angel One, Hathway Cable & Datacom, Just Dial, Network18 Media & Investments, Quick Heal Technologies, and TV18 Broadcast will be in focus ahead of quarterly earnings on April 17.
The National Stock Exchange has retained Balrampur Chini Mills and Delta Corp to its F&O ban list for April 17.
Market wrap up(DWM,T,N,E):The market remained under control of bulls, who won the fight with bears again to gain for a ninth consecutive session on April 13. Banking & financial services, select auto, FMCG and metal stocks helped the market close higher, but the gains were limited due to selling in technology stocks after lower-than-expected earnings from IT leader TCS. The Nifty is currently trading above its short-term moving averages i.e. 55-day, and 100-day, indicating the sustainability of an ongoing bullish trend. However, traders should be mindful of the possibility of profit booking and should consider their risk tolerance. Nifty to face an immediate hurdle near 17,900-18,000, which if broken decisively, will take such advance further higher towards 18,200 and then 18,400. Considering the ongoing technical developments, buying on the decline will still remain in favour, and any correctional fall for 17,500 will attract fresh buying, he says.
Asia markets fall as US inflation report shadowed by Fed expecting a recession ,Nik,29096/13/0.05% Dj,33647/-38/-0.11% Vix19.1/-0.15% US stock futures tick lower as investors weigh recession risk,
Oil,83.4 rises as market digests key inflation data, Gold,2022.9, rises as inflation cools , market watches for Fed minutes, Bonds,3.449, falls after inflation comes in cooler than forecast in march, Dollar, drops as inflation comes in below, economists expectations, BC 30043/-235/-0.78%
Nifty:17812.4/90.1/0.51%;Candle:OF,Doji; Bank Nifty:41557.95/191.45/0.46% Candle:OF,Doji ; HB:OF,Short day green,1685,
News:Trends on the SGX Nifty indicate a mildly negative start for the broader index in India, as the index lost 35 points to trade at 17,844 level on the Singaporean Exchange from its April 12 closing of 17,812. IIP growth edges up to 5.6% in February, RBI may maintain status quo on rates in June as CPI inflation falls below 6%, say economists, Oil jumps after slight increase to U.S. consumer prices,
Events/Results:Infosys: The software solutions provider will be in focus ahead of its March FY23 quarter earnings scheduled to be announced on April 13. Amalgamated Electricity, Avantel, Roselabs Finance, and Thirdwave Financial Intermediaries will also announce quarterly earnings on the same day.
The National Stock Exchange has added Balrampur Chini Mills and retained Delta Corp to its F&O ban list for April 13.
Market wrap up(DWM,T,N,E):Bulls seem to be unstoppable as the benchmark indices continued their upward journey for the eighth consecutive session and closed at a more than seven-week high on April 12, ahead of CPI inflation numbers which came in at 5.66 percent for March against 6.44 percent in the previous month. The BSE Sensex jumped 235 points to 60,393, while the Nifty50 climbed 90 points to 17,812, the highest closing level since February 21 and formed a bullish candlestick pattern on the daily charts. The index has also made higher highs and higher lows for the eighth day in a row. The Nifty seems to have gathered strength recently by surpassing crucial hurdles like the previous opening downside gap of March 10 at 17,600 levels, downsloping significant trendline at 17,700 and now it has surpassed another hurdle of the previous lower top of March 6 at 17,800 levels. This is a positive indication, and it signals the negation of larger degree bearish setup like lower tops and bottoms of the last 3-4 months, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said. Hence, he believes that any downward correction from here is likely to be a higher bottom formation and that could open a bullish chart pattern like higher tops and bottoms in the near term. The next upside level to be watched is around 18,200, whereas immediate support is at 17,700 levels, he said.
Asia markets mostly rise ahead of US inflation report and bank earnings, Nik, 28043/122/0.44% Dj,33685/98/0.29% Vix19.16/0.69% US stock futures are flat ahead of key March inflation data,
Oil,81.22/ little changed as traders weigh china stimulus expectations, Gold,2020.8, advances as traders await US inflation data, Bonds,3.451, little changed as investora await Fed speaker remarks, inflation data, Dollar,pauses after Fed strong hawkish bets, bitcoin hits #30000, BC30203/1022/3.5%
Nifty:17722.3/98.25/0.56%;Candle:OGU;Long day green ; Bank Nifty:41366.5/531.85/1.3% Candle:OGU,Long day green ; HB:OGU,Short day green,1665,
News:Oil rises about 2% with U.S. and China inflation in focus, March CPI inflation seen at 15-month low of 5.7% due to favorable base., Trends on the SGX Nifty indicate a mildly positive start for the broader index in India, as the index gains 15 points to trade at 17,802 level on the Singaporean Exchange from its April 11 closing of 17,722. TCS Q4 Preview| Subdued growth expected due to client delays in US and Europe Tata Consultancy Services (TCS), Rate hike expectations boosted the US dollar index on Monday and Tuesday, which weighed on oil prices as dollar strength makes oil more expensive for other currency holders. Gold climbs as dollar pauses ahead of US inflation data. Gold climbed back up above the key $2,000 level on Tuesday as the dollar came off last session’s peak, while traders hunkered down for Wednesday’s U.S. inflation data for cues on future interest rate hikes.
Events/Results:Tata Consultancy Services, Anand Rathi Wealth, and Dharani Sugars & Chemicals will be in focus ahead of March FY23 quarter earnings.
The National Stock Exchange has added Delta Corp to its F&O ban list for April 12.
Market wrap up(DWM,T,N,E):Bulls retained their control over Dalal Street for the seventh consecutive session, taking the Nifty50 above the 17,700 level on April 11, backed by banking and financial services, auto, FMCG, metal, and oil and gas stocks. The BSE Sensex closed above the psychological 60,000 mark for the first time since March 8, rising 311 points to 60,158, while the Nifty50 climbed 98 points to 17,722 and formed a high wave kind of pattern on the daily charts. Also, there seems to be a hidden bearish divergence with the Nifty making a lower high and momentum indicator RSI (relative strength index) making a higher high, indicating the possibility of some trend reversal. “The index has been sustaining above the critical moving average. Besides, the Nifty has so far remained above the crucial support level of 17,500. The market will remain a buy on dips as long as the index remains above 17,500,” immediate support is visible at 17,640. On the higher end, the rally may extend towards 17,850-17,970. The broader markets also traded largely in line with benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.5 percent and 0.4 percent respectively
Bank of Korea hold rates,Asia markets rise as bitcoin hits $30000; Nik,27940/309/1.12% Dj,33587/101/0.3% Vix18.97/ 3.1% USstock futures are flat Monday evening as March inflation reports loom ahead,
Oil,80,slips as rate hike worries balance tighter supplies, Gold,2004.1, slides under $2000 as jobs growth lift dollar, Bonds, 3.407,yields little changed as traders wait key inflation data, Dollar, rises monday , signalling continued strength in US labor market, BC 29144/978/3.5%
Nifty:17624.05/24.9/0.14%;Candle:OGU,Doji; Bank Nifty:40834.65/-206.35/-0.5% Candle:OF,Short day red ; HB:OF,Short day red,1661,
News:The Indian equity benchmarks are expected to open flat or marginally higher today, as trends in the SGX Nifty indicate a mildly positive start for the broader index with a gain of 14 points after Nifty closed 24 points higher at 17,624 on Monday. SGX futures stood at 17,699. RBI signals possible extended pause in interest rates, but no imminent cut likely, The Federal Reserve may not need to raise interest rates further to fight inflation, as the fallout from last month’s turmoil in the banking sector and a series of recent labor data point to a slowing US economy, a BlackRock executive said on Monday. Gold retreated below the key $2,000 level on Monday as the dollar advanced on Friday’s strong US jobs numbers, while traders also positioned for inflation readings this week that could influence interest rate hikes. Rate hike expectations boosted the US dollar index on Monday and Tuesday, which weighed on oil prices as dollar strength makes oil more expensive for other currency holders. Oil inches up, weighing OPEC+ supply cuts against rate hike fears,
Events/Results:The National Stock Exchange has not added any stock to its F&O ban list for April 11.
Market wrap up(DWM,T,N,E):The market remained in positive terrain for six days in a row, though it was highly volatile session on April 10. Auto, technology, metal and oil & gas stocks supported the market, whereas selling was seen in banking & financial services, and FMCG stocks. The BSE Sensex gained 13.54 points to close at 59,847, while the Nifty50 closed above the 17,600-mark for the first time since March 8, rising 25 points to 17,624 and formed small bodied bearish candle with long upper shadow on the daily charts, indicating selling pressure at higher levels. “This pattern indicates a tiredness of bulls at the crucial hurdle of 17,600-17,700 levels, which are opening downside gap of March 10 and down sloping trendline, connected from the top of December 2022. This pattern could be a minor setback for bulls for the short term,” there is a possibility of minor downward correction from the highs, but the short-term trend of Nifty remains positive. “The presence of crucial overhead resistance and an emergence of minor weakness from the highs could indicate further consolidation or minor downward correction for the Nifty from near 17,650-17,700 levels in the coming sessions. Any dips from here could be a buying opportunity and immediate support is at 17,510 levels,” The broader markets also extended gains, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.4 percent and 0.3 percent, respectively.
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,
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.
Asia markets mixed ; india expected to raise repo rates, Nik,27518/-295/-1.1% Dj,33482/80/0.24% Vix19.08/0.42% US stock futures are little changed as investors weigh health of job market and economy, BC 28037/-114/-0.41%
Oil,80.1, steady as economic fears counter opec+ cuts; Gold,2030, scales 1 year peak, as slowdown worries mount, Bonds,3.307, yields fall as investors weigh potential for weak labor market; Dollar, raises after days of losses, but weak outlook intact,
Nifty:17557.05/159/0.91%;Candle:OF,:Long day green; Bank Nifty:40999.15/186.1/0.46p% Candle:OGU,Short ay green ; HB:OGU,Long day green,1654
News:India’s central bank will announce its monetary policy decision at 10am local time. RBI will also hold reverse repo and govt bond auctions and release weekly foreign exchange data. Avalon Technologies IPO gets 9 percent subscription on second day, Yes Bank Q4 business update: Bank posts 11 percent rise in credit in March quarter, Oil falls as economic fears outweigh OPEC+ cuts. Outlook worsening for bank stocks as Street awaits RBI policy decision, Finance Ministry to meet public sector banks’ heads on April 13,
Events/Results:The National Stock Exchange has not added any stock to its F&O ban list for April 6
Market wrap up(DWM,T,N,E):The market advanced nearly 1 percent after a holiday and has formed a long bullish candlestick pattern on the daily timeframe making higher highs and higher lows for the fourth straight session on April 5, ahead of the outcome of the Monetary Policy Committee meeting scheduled for March 6. The BSE Sensex rallied 583 points to 59,689, and the Nifty50 jumped 159 points to 17,557, continuing the uptrend for four days in a row. The index decisively climbed above the crucial 200-day SMA (17,500) as well as 200-day EMA (exponential moving average 17,515), indicating a positive sign. “After witnessing a decisive upside breakout of the crucial resistance of 17,200 recently, the Nifty is now placed at the edge of moving strongly above another important resistance of around 17,600 levels (opening significant downside gap of March 10),” The overall chart pattern is getting stronger as per smaller and longer-term charts like daily and weekly. Hence, he believes that the short-term trend of the Nifty continues to be positive and expects this upside momentum to continue in the coming sessions. The near-term upside targets for the Nifty are around 17,800 and the next 18,250 levels for the next one week, whereas immediate support is placed at 17,400 levels,
Asia pacific markets trade mixed ahead of big week in US; Nik,27782/-139/-0.43 Dj,31899/-134/-0.23% Vix23.03/-0.35% S&P sheds nearly 1% friday on snap led tech sell off , but finishes higher on week,( US stock futures are little changed ahead as wall street braces for a busy week of earnings ,FED meeting,
Oil,95.1,prices decline in choppy trade; Gold,1725.3,set to snap 5 week losing streak on softer dollar and yields Bonds, Dollar,2.754, slides to 2 week low on weak data and ECB move dampen sentiment, BC 22905/115/0.5%
Nifty:16719.45/114.2/0.69%;Candle:OGU;Long day green, wave type; Bank Nifty:36738.95/537.95/1.49% Candle:OGU;Long day green; HB;OGU;Long day geen at top,1392,
News:RIL Q1 results | Consolidated PAT rises 46.3% YoY to Rs 17,955 crore driven by refining, retail segments, Powell seen slowing US Fed’s hikes after 75 basis points this week, UK retail sales slip in June as consumers struggle with inflation,
Events/Results:
Axis Bank, Tata Steel, Tech Mahindra, Canara Bank, Macrotech Developers, KPIT Technologies, Aether Industries, Anupam Rasayan India, Aurionpro Solutions, Central Bank of India, Century Textiles & Industries, Chennai Petroleum Corporation, Craftsman Automation, Glaxosmithkline Pharmaceuticals, Indian Energy Exchange, IIFL Wealth Management, Jindal Stainless, Jyothy Labs, Lakshmi Machine Works, Orient Electric, RattanIndia Power, Sharda Cropchem, Sterlite Technologies, Tanla Platforms, Tatva Chintan Pharma Chem, and Tejas Networks will be in focus ahead of June quarter earnings on July 25.
Three stocks – Indiabulls Housing Finance, RBL Bank and Delta Corp – are under the NSE F&O ban list for July 25.
Market wrap up(DWM,T,N,E):Indian equities closed on a higher note on Friday, extending their winning run to the sixth consecutive session, as bulls gained momentum. Benchmark share indices gradually reclaim milestones one after another, with Nifty rising from its 52-week low of 15,190 hit in June to 16,700 levels on July 22. “As this index is consistently trading above 200-day exponential moving average (EMA), dips can remain a buying opportunity as long as it sustains above 16,500 levels on a closing basis,” As the Nifty is in the overbought zone accompanied by a 25-day-old channel resistance at around 16,752, if it slips below 16,610, it can attract selling pressure towards 16,500-16,480, he said, adding however, if the index closes above 16,793, it can extend the rally to 17,000. The best buying opportunity will emerge only on a dip and long-side traders should book profits by making use of the current strength, the market expert advised. But the broader markets appeared to be overbought or cautious after significant run up, as the Nifty Midcap 100 closed flat and Smallcap 100 indices gained 0.37 percent on Friday. The market breadth was not very strong either as about 1,024 shares advanced against 919 declining shares on the NSE.
