Market Morning Notes For 27th December 2022
Markets rebounded on Monday on the back of gains from Nifty Bank with Nifty regaining its control above psychological levels of 18000 but remaining vulnerable to a major slide. The volumes were relatively lower in yesterday’s up move and the setup in Dollex 30 i.e. Sensex in USD terms has thrown up an impulsive structure during the current down move which would mean that it would be...
Market Morning Notes For 22nd December 2022
Markets came under intense selling pressure on Wednesday on the back of a surge in the Japanese yen with the Nifty 50 breaching Tuesday’s low and closed near 50 EMA. The sudden surge in India’s VIX to 15.5% can be seen as a major threat to markets with option writers running to hedge their positions after action from the Bank of Japan. Indian markets were the sole beneficiary of...
Market Morning Notes For 21st December 2022
Markets reacted sharply to a change in policy stance from the Bank of Japan where the Japanese Yen surged by 4% against a basket of currencies triggering a sell-off in global markets in the initial hours. Indian markets felt the brunt of the rise in JPYINR but Nifty 50 managed to recover in late hours to close around 18400. The Next Notes Nifty 2X Leverage Index which actively trades in...
Market Morning Notes For 20th December 2022
Markets rebounded sharply from the support of 17250 on Monday with the Nifty 50 regaining closing above 18400 while the banking sector underperformed. Despite a sharp pullback, the India VIX closing was well above the 13% mark, which may be a significant hindrance to the sustenance of the rally. Markets are likely to witness a breather only after India’s VIX declines towards 9% else any...
Market Morning Notes For 19th December 2022
Markets for the week ended lower by more than 1% on the back of a 50 bps rate hike and hawkish fed commentary with most global markets coming under pressure and FII selling around Rs 2000 cr in the spot market. For the month of December, FII so far has sold more than Rs 17000cr in the future segments in anticipation of rate hikes, and expect Nifty 50 to see a test of the inflection point as...
Market Morning Notes For 15 December 2022
Markets traded in a narrow range on Wednesday to finally close in the positive terrain forming a small doji star on the daily candlestick which is a sign of indecisiveness ahead of the Fed meeting. The Fed hiked rates by 50 bps as expected but commentary turned hawkish with median rates expected in 2023 at 5.1% which led to US markets closing in the negative terrain. For Nifty 50, the...
Market Morning Noted For 14th December 2022
Markets rallied on Tuesday to regain its control above the key resistance of 18580 on the back of upbeat global markets and a surge in USDJPY. The lower-than-expected US CPI data bolstered hopes that the Fed may not have to raise rates further todays expected 50 bps hike. However, US markets came off the highs to end with marginal gains after Dollar Index fell sharply. Wall Street closed...
Market Morning Noted For 13th December 2022
Markets ended unchanged on Monday after the initial gap-down opening while broader markets outperformed key indices. Overall global markets have turned cautious ahead of the U.S. Fed meeting on Wednesday with the expectation of a 50 bps rate hike. For Nifty 50, the ideal strategy would remain to buy on a decline with stop-loss placed at 18100 and Target placed at 19867. The key trigger to...
Weekly Market Wrap For 5th To 9th December
Markets consolidates; Global central banker policy meet in focus in coming week Markets corrected after two-week gains as global markets fell due to fear of an economic slowdown and worries over a Fed rate hike. In line with market expectations, the RBI in its monetary policy meeting hiked rates by 35 bps to 6.25 pct continuing its fight against inflation. This is the fifth consecutive...