{"id":103,"date":"2023-04-09T11:31:54","date_gmt":"2023-04-09T11:31:54","guid":{"rendered":"https:\/\/fintechcentre.in\/articles\/?p=103"},"modified":"2023-04-09T11:31:54","modified_gmt":"2023-04-09T11:31:54","slug":"things-to-notetradersinvestors-6-april-2023-thur8-20am","status":"publish","type":"post","link":"https:\/\/fintechcentre.in\/articles\/2023\/04\/09\/things-to-notetradersinvestors-6-april-2023-thur8-20am\/","title":{"rendered":"Things to note(Traders&Investors): 6 April 2023 Thur,@8.20AM"},"content":{"rendered":"\n

Asia markets mixed ; india expected to raise repo rates, Nik,27518\/-295\/-1.1%\u00a0 Dj,33482\/80\/0.24%\u00a0 Vix19.08\/0.42%\u00a0 US stock futures are little changed as investors weigh health of job market and economy, BC 28037\/-114\/-0.41%<\/li>\n\n\n\n
Oil,80.1, steady as economic fears counter opec+ cuts;\u00a0 \u00a0Gold,2030, scales 1 year peak, as slowdown worries mount,\u00a0 Bonds,3.307, yields fall as investors weigh potential for weak labor market;\u00a0 Dollar, raises after days of losses, but weak outlook intact,<\/li>\n\n\n\n
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<\/li>\n\n\n\n
Nifty :Supp Rest<\/li>\n\n\n\n
Banknifty:Supp Rest .<\/li>\n\n\n\n
SGX Nifty:17587\/-37\/-0.2%\u00a0 \u00a0 \u00a0FII Long17%FutCash;806;Opt95%<\/li>\n\n\n\n
OI data Nifty \u00a0( max pain W17500M)<\/li>\n\n\n\n
OI data Bank Nifty Nifty(max pain W M)<\/li>\n\n\n\n
News:India\u2019s 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\u2019 heads on April 13,\u00a0<\/strong><\/li>\n\n\n\n
Events\/Results:The National Stock Exchange has not added any stock to its F&O ban list for April 6<\/li>\n\n\n\n
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. \u201cAfter 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),\u201d\u00a0 The overall chart pattern is getting stronger as per smaller and longer-term charts like daily and weekly. Hence, he\u00a0believes 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\u00a0are around 17,800 and the next 18,250 levels for the next one week, whereas immediate support is placed at 17,400 levels,<\/li>\n\n\n\n
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