#NIFTY50
GLOBAL : Global market is underconsolidation mode and next directional move will come after Fed Minutes.
INDIAN : Today market will be in consolidation mode, further aggressive move will happen after the outcome of Fed Minutes.
18000 will act as an strong support for nifty for this week.!
PCR : 2.28 at 18000.
Nifty is stuck in a range of 16400-15700 since the past 2 weeks. Yesterday it managed to test the top of the range but failed to give any significant breakout giving a chance for bears to take control again. With so many macro economic pressure's mounting it will be interesting so see how Nifty will react. I believe that the range will continue for the month of...
Gold extends a fortnight-long recovery to stay comfortably beyond the 200-SMA and a horizontal area from early January. The run-up joins bullish MACD signals to suggest further upside but the overbought RSI line pushes buyers to remain cautious until witnessing sustained trading above $1,830. In addition to the key hurdle, gold traders should also keep their eyes...
Dow Jones Price Action Momentum for Feb to March Cycle.
As we all know markets has been lit volatile in last 10 days post 15 th January on account of interest rate hike and Fed meeting outcome.
To clear the doubts- I have tried to show the momentum which may happen with the markets based on price action of the Dow Jones.
The last time Fed tapered was December 2013 and the stock market had a quick correction then went on to make new highs. I don’t see why this time should be any different. (2013 chart below)
the Fed raises rates, the stock market tanks, hurting the economy. If the Fed doesn’t raise rates, inflation spikes, hurting the economy. So both the scenarios are possible....
Federal Bank has been trading into the triangle channel pattern for the past 2 - 3 months and now it has broken the pattern. In the chart I have mentioned the entry, stop loss and targets.
Two ways that the stock can move up.
1)Stock can move with retracements
2)If the buyers are huge stock can move violently upwards.
caution - Trade with stop loss.
Happy...
Nifty Index known as NSE or Nifty50 has or is experiencing a big breakout out if its much-expected consolidation phase. This is a big breakout is big because the market has become resilient to the Federal Reserve's decision to begin taper from November. If the Nifty50 index continues to hold above 17,620 it can well top 18K! Long positions should be made, do not...
The Canadian dollar is steady in Friday trade, after sustaining considerable losses a day earlier. In the North American session, USD/CAD is trading at 1.2118, up 0.11% on the day.
The US dollar was broadly higher on Thursday, as the Fed surprised the markets when it announced that it will begin to scale back its portfolio. The Fed ended its purchase of...
The New Zealand dollar continues to head higher this week. In the North American session, NZD/USD is trading at 0.7244, up 0.37% on the day. It has been a strong start to the week for the New Zealand dollar, which is up 0.95%.
The US dollar is once again struggling against the major currencies. Inflation surged in April, which led to speculation that the Fed...
The British pound touched a 3-month high earlier on Tuesday, when GBP/USD reached a high of 1.4220. In North American trade, the pair is trading at 1.4200, up 0.49% on the day.
The pound received a lift from positive UK employment numbers, which were released earlier in the day. The unemployment rate for March dipped to 4.8%, down from 4.9% and a 6-month low. The...
The Australian dollar is down slightly in the Wednesday session. In the North American session, AUD/USD is trading at 0.7747, down 0.27% on the day.
Australian CPI posted a gain of 0.6% in the first quarter of the year, down from 0.9% in Q4 of 2020. The read was certainly respectable, but underperformed, as the estimate stood at 0.9%. Trimmed CPI, which excludes...
Not only failures to cross the support-turned-resistance line during the previous week’s bounce but bearish MACD and weak RSI, not oversold, also favors EURUSD bears as global markets prepare for the Fed decision on Wednesday. However, 61.8% Fibonacci retracement of November 2020 to January 2021 upside, around 1.1885, offers immediate support to the quote before...
