Market Morning Notes For 15th June 2022
The market ended with marginal losses after initial attempts to surpass resistance of 15849 to finally close below 15750. With the Fed meeting lined up today evening and the expectation of a 50 bps hike, most of the global market has been under pressure for the past few weeks. As Dollex 30 index, which is Sensex in USD terms, has thrown up positive divergence in RSI, we can expect a...
Market Morning Notes For 14th June 2022
The market opened with a gap down Monday amidst panic selling in global equities and major unwinding in crypto markets, which forced the Nifty to end lower by more than 2.5% near 15700. The major damage to Indian markets occurred via technology and metals stocks, which witnessed the brunt of central bank monetary tightening. In the context of Indian markets, key indices namely the...
Market Morning Notes 13th June 2022
The market ended lower for the week amidst turmoil in global equity markets as central banks resorted to liquidity tightening amidst sky-rocketing inflation and higher commodity prices. Nifty declined by 2.5% while broader markets outperformed as weekly closing in Nifty was well above crucial support of 16123. The current week would also be challenging for Nifty as a larger setup...
Market Morning Notes For 10th June 2022
Markets rallied on Thursday to end with gains of 0.8% but the Nifty 50 Index outperformed broader indices like the Nifty 500 with a wide margin to close near 16500. Although Nifty IT rallied around 1% yesterday but sectors that are vulnerable to major downtrend are Metals and Technology and hence any up move in them may remain short-lived. With rising inflation concerns, the...
New Age Investments: Art and Collectibles
In the current situation of uncertainty, the investment focus for Ultra High Net Worth Investor is shifting towards alternative investments such as arts & collectibles. This asset class has shown a low correlation with traditional asset class besides the emotional and social value. Hence it is an ideal hedging tool against inflation and the diversification strategy of an Ultra HNI...
Market Morning Notes For 9th June 2022
Markets ended in the negative terrain after RBI raised rated by 50 bps as per market expectations. It has dropped the phrase “remain accommodative” from the stance and changed to focus on withdrawal of accommodation, signaling that the MPC sees the policy rate close to the pre-pandemic level. Broad-based selling was seen in midcap and small cap segment stocks while the Nifty 50...
Market Morning Notes 8th June 2022
Markets remained lackluster throughout the trading session on Tuesday mainly on the back of the NSE technical glitch as a lot of F&O stock prices were not refreshing. The analysis of fund flows clearly points out a shift in focus from broader markets to Nifty 50 & Bank Nifty and they are expected to be the key drivers in the next leg of up move. In fact, both Nifty and Bank...
Market Morning Notes For 7th June 2022
Markets opened lower on Monday on the back of weak global cues but late recovery in the financial sector and metal sector helped the Nifty to recoup most of its losses and ended on a flat note. The lackluster movement in Nifty is a clear sign that big accumulation is going on in the Nifty 50 basket and the next up move could be quite sharp and could trigger a 2000-2500 points rally. The...
Market Morning Notes For 6th June 2022
Markets for the week ended on a positive note with the Nifty gaining by 1.5% while the broader market struggled. There has been a clear diversion taking place from the Nifty 500 Index to the Nifty 50 index and that is why the spread of the Nifty 50 and Nifty 500 Index ended with gains of +50pts on the Friday session. With the formation of a bullish flag pattern in the spread of...