{"id":326,"date":"2023-05-08T02:35:05","date_gmt":"2023-05-08T02:35:05","guid":{"rendered":"https:\/\/fintechcentre.in\/articles\/?p=326"},"modified":"2023-05-08T02:35:30","modified_gmt":"2023-05-08T02:35:30","slug":"things-to-notetradersinvestors-8may-2023-mon-8-20am","status":"publish","type":"post","link":"https:\/\/fintechcentre.in\/articles\/2023\/05\/08\/things-to-notetradersinvestors-8may-2023-mon-8-20am\/","title":{"rendered":"Things to note(Traders&Investors): 8May 2023 MON ,@8.20AM"},"content":{"rendered":"\n

Asia markets trading mixed after wall street rebound on Friday,Nik,28951\/-206\/-0.71% Dj,33674\/546\/1.65% Vix17.2. -14.5%, Dow jumps 500 points to break four day losing streak as reginal banks and apple surge, <\/li>\n\n\n\n
Oil,71.34,prices jump, but post third straight weekly fall on economic woes;\u00a0 Gold, slides on US job growth as fed rally fizzles, Bonds,3.435, yields surge after much hotter than expected April jobs report , Dollar, jumps as US job gains, wage growth beat expectations, <\/li>\n\n\n\n
Nifty:18069\/-186.8\/-1.13%;Candle:OGD,Short day red,; Bank Nifty :42661.2\/-1024.25\/-2.34% Candle:OGD,Short day red ; HB:OGD,Short day red,1634.<\/li>\n\n\n\n
Nifty :Supp Rest<\/li>\n\n\n\n
Banknifty:Supp Rest .<\/li>\n\n\n\n
SGX Nifty:%\u00a0 \u00a0 \u00a0FII Long45%FutCash;777;Opt91%<\/li>\n\n\n\n
OI data Nifty \u00a0( max pain W18100M)<\/li>\n\n\n\n
OI data Bank Nifty Nifty(max pain W M)<\/li>\n\n\n\n
News:The SGX Nifty indicates a positive start for the broader index with a gain of 54 points after the Nifty closed 188 points lower at 18,069 on Friday. SGX futures stood at 18,178. Coal India March quarter net profit misses estimates, down 18%<\/strong>, Headwinds from US banks fallout, debt default fears to keep investors anxious<\/strong>, <\/li>\n\n\n\n
Events\/Results:UPL, Canara Bank, Indian Bank, Aarti Industries, Apollo Pipes, Birlasoft, CG Power and Industrial Solutions, Craftsman Automation, Exide Industries, Happiest Minds Technologies, HFCL, Kalpataru Power Transmission, Kansai Nerolac Paints, Mahanagar Gas, Pidilite Industries, and VIP Industries will be in focus ahead of quarterly earnings on May 8.<\/li>\n\n\n\n
The National Stock Exchange has retained GNFC and Manappuram Finance to its F&O ban list for May 8.\u00a0<\/li>\n\n\n\n
Market wrap up(DWM,T,N,E):The market succumbed to selling pressure on May 5, with the benchmark indices reversing all their previous day\u2019s gains to close with a percent down. The sharp fall in HDFC twins dented sentiment. Also, as a result, the market closed flat for the week. The BSE Sensex on May 5 tanked 695 points to 61,054, while the Nifty50 fell 187 points to 18,069 and formed bearish candlestick pattern with a long upper shadow on the daily scale, indicating profit booking as well as selling pressure at higher levels. \u201cThis market action indicates rejection of bulls at the higher levels. However, the chart pattern also signal bull trap for the market participants, as Nifty failed to sustain above the strong overhead resistance of 18,200 levels on Friday, after sustaining above it on Thursday,\u201d\u00a0The positive chart pattern like higher tops and bottoms is still intact and the present weakness could be in line with the formation of the new higher bottom. Hence, further weakness from here could signal a higher bottom reversal around the next important support of 17,800 levels, Nifty on the weekly chart formed a small negative candle with a long upper shadow. This chart pattern hints at a possibility of more weakness in the coming sessions , The broader markets also traded in line with frontliners as the Nifty Midcap 100 index was down 0.7 percent and Smallcap 100 index fell 0.8 percent.<\/li>\n<\/ul>\n\n\n\n
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