NIFTY: The "Deaf" cit!
RBI continues to monitor various Risk Related measures, it is an ongoing process, not an alarm, but a watch. More particularly in the NBFC space. We hear bank's reducing the unused credit card limits as they carry Risk Weight. They throw the depth to which Risk is measured. Not an alarm on the net level.
The head and shoulder pattern drawn here is not suggest there is a cap. This pattern is also part of the continuation pattern and hence special attention in the form of PIP graph.
The trade deficit continues to print USD20 Billion deficit. The Red Sea impact will be felt in January numbers that is another month away. However, the developments there are a point to keep a tab on the near term.
US Holiday not much of data. ECB says expectation of rate cut are too early. While Globally Service inflation is major talk point, for us that is on the decline. Translated into it reduces the average purchasing capacity. But don't go by the big-ticket property purchases. Major events elections and government led expenditure would continue to keep the activity.
Hurdles ahead of 48500 supports around the 47800 (looks we rewritten this at least three times.
Tad in the buy mode than sell mode. But strictly around the area of supports and resistance, clear 150 point stops either way.
The head and shoulder pattern drawn here is not suggest there is a cap. This pattern is also part of the continuation pattern and hence special attention in the form of PIP graph.
The trade deficit continues to print USD20 Billion deficit. The Red Sea impact will be felt in January numbers that is another month away. However, the developments there are a point to keep a tab on the near term.
US Holiday not much of data. ECB says expectation of rate cut are too early. While Globally Service inflation is major talk point, for us that is on the decline. Translated into it reduces the average purchasing capacity. But don't go by the big-ticket property purchases. Major events elections and government led expenditure would continue to keep the activity.
Hurdles ahead of 48500 supports around the 47800 (looks we rewritten this at least three times.
Tad in the buy mode than sell mode. But strictly around the area of supports and resistance, clear 150 point stops either way.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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