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XAUUSD 1H SELL PROJECTION 23.01.24Reason for Sell Looking at the year ahead and 2025 and it will no doubt be interesting. Geopolitical risk remains a threat with the Middle East still on edge and the Russia-Ukraine situation no closer to a resolution. Just yesterday there were rumors that a proposal by the incoming Trump administration to delay Ukraine joining NATO by 10 years will not be accepted by the Kremlin. Anyone with knowledge of the situation there will know that this will not change as the main reason for the conflict (at least from a Russian perspective) is Ukraine joining NATO. These developments are likely to keep some geopolitical risk premium in play and keep safe haven demand going. Global Central Banks were one of the main drivers of the Gold price rise in 2024. This is expected to continue in 2025. The World Gold Council survey revealed in the second half of 2024 that Central Banks are likely to purchase more Gold in the next 12 months. This should further bolster demand for the precious metal. When it comes to risks affecting Gold prices moving forward, it does get challenging. The reason for this is the incoming Trump administration is expected to do good things for the economy but some policies could lead to higher interest rates. This could weigh on Gold prices. This is a double-edged sword however, in that the increased risk of uncertainty from Trump policy and concern around the impact of tariffs could actually bolster the demand for safe haven assets and thus Gold. All in all analysts are largely pricing in further gains for the precious metal in 2025, personally I do see the potential for upside as well. However, I would not rule out a deeper correction before price does actually breach the current ATH resting around the 2790 handle.
FOREXCOM:XAUUSDShort
by kripsonfx97
20
#Nifty directions and levels for January 23rd:Good Morning, friends! 🌞 Here are the market directions and levels for January 23rd: Market Overview: There have been no significant changes in the global markets, as they are still maintaining a bullish sentiment (based on the Dow Jones). However, our local market shows a bearish sentiment. In the previous session, both Nifty and Bank Nifty experienced high volatility again, but the two indices reacted differently. My personal opinion is that there is still a noticeable difference between the Nifty and Bank Nifty charts. For Bank Nifty, it broke the previous low yesterday, which suggests that the correctional bending sub-wave might have ended. Even if it opens with a gap-down today, we can expect some consolidation within the previous day’s range. However, Nifty still shows correctional sub-waves in progress, which could push it slightly downward. Therefore, we should approach the market cautiously. Overall, today’s market may remain range-bound. If the market moves in a single direction, trading is easier, but due to differing sentiments, traders may dominate one another, creating a tug-of-war scenario. Let’s dive into the charts for further details. Nifty Current View: According to the current structure, if the gap-down sustains and breaks the 38% mark solidly, we can expect the continuation of the correction. The targets are expected to be between 23022 and 22944 if it breaks the 38% mark. Alternate View: The alternate view suggests that if the gap-down does not sustain or if the market finds support around the 38%, we can expect some consolidation between the 38% and the upside 78% mark.
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for January 23rd:Bank Nifty Current View: The Bank Nifty current view has two variations: > First Variation: If the gap-down sustains, it will likely consolidate within the previous day's range. In this sentiment, a correction will only be expected if it breaks the previous bottom, meaning that until the previous bottom is broken, the market bias could remain moderately bullish. > Second Variation: This is conditional; the initial market should take a solid pullback and could reject around the immediate resistance zone. If this occurs, the market will turn into a correction phase, supported by structural reasons. Alternate View: The alternate view is similar to that of Nifty. If the gap-down does not sustain or if the market finds support around the 38%, we can expect some consolidation between the 38% and the upside 61% mark. In this case, the supply zone may not be as effective.
NSE:BANKNIFTY
by Manickamtraders
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD EUR/USD DAILY OUTLOOK - JAN 23, 2025: BUY OPPORTUNITY** --- **Market Pulse** The EUR/USD pair is showing signs of recovery as the U.S. dollar faces slight weakening due to mixed economic data and cautious sentiment ahead of Federal Reserve announcements. The Euro gains support from improving Eurozone consumer confidence and stable manufacturing data. --- ### **BUY ENTRY POINTS** **Entry Levels:** - **Buy Limit:** 1.0320 (near intraday support). - **Buy at Market:** 1.0345 (upon bullish confirmation). **Target Levels:** - **Take Profit 1 (TP1):** 1.0375 - **Take Profit 2 (TP2):** 1.0410 **Stop Loss:** - **Below Support:** 1.0295 --- ### **Key Technical Signals 🔍** - **Trend:** Bullish rebound forming after a corrective phase. - **RSI:** Climbing above 50, signaling increased buying momentum. - **MACD:** Positive crossover, suggesting bullish momentum building. - **EMA:** Price is testing the 20 EMA and could break above. --- ### **Global News Impact 🌐** - **US Dollar Eases:** Market caution leads to mild selling in the dollar as traders await clarity on Fed policy. - **Eurozone Data:** Better-than-expected consumer confidence and manufacturing growth are boosting the Euro. --- ### **Market Sentiment 📊** - **Forex Client Sentiment:** 45% short, 55% long, slightly favoring buyers. - **Myfxbook Sentiment:** 68% long, 32% short. --- ### **Risk-Reward Ratio** - **1:2** for conservative targets. - **1:3** for extended bullish targets. --- ### **Your Move** Monitor the 1.0320 level for confirmation of support, or wait for a breakout above 1.0345 for market entry. Keep an eye on U.S. data releases that could impact the dollar’s movement. *Disclaimer: Trading involves significant risk. Ensure proper risk management practices are in place.*
Long
by FX_MONSTER_EURUSD
Nestle India Buy Below VWAP And Sleep Stress freeNestlé India Limited is a prominent subsidiary of Nestlé S.A., the Swiss multinational corporation. Established in 1959, the company is headquartered in Gurgaon, Haryana, and has been a significant player in India's fast-moving consumer goods (FMCG) sector. **Product Portfolio:** Nestlé India offers a diverse range of products across various categories: - **Milk Products and Nutrition:** This includes dairy whitener, condensed milk, ultra-heat treatment (UHT) milk, yogurt, maternal and infant formula, baby foods, and healthcare nutrition. - **Prepared Dishes and Cooking Aids:** Products such as noodles, sauces, seasonings, pasta, cereals, and pet food fall under this category. - **Powdered and Liquid Beverages:** This segment comprises instant coffee, instant tea, and ready-to-drink beverages. - **Confectionery:** Includes bar count lines, tablets, and sugar confectionery. Some of the company's well-known brands are Nescafé, Maggi, Milkybar, KitKat, Bar-One, Milkmaid, Gerber, and Nestea. **Manufacturing Facilities:** Nestlé India operates nine manufacturing facilities across the country: 1. **Moga, Punjab** 2. **Samalkha, Haryana** 3. **Nanjangud, Karnataka** 4. **Choladi, Tamil Nadu** 5. **Ponda, Goa** 6. **Bicholim, Goa** 7. **Pantnagar, Uttarakhand** 8. **Tahliwal, Himachal Pradesh** 9. **Sanand, Gujarat** **Financial Performance:** As of the fiscal year ending December 31, 2023, Nestlé India reported revenues of ₹169 billion, with domestic sales contributing ₹161 billion and export sales amounting to ₹6.92 billion. **Leadership:** The company's leadership includes: - **Suresh Narayanan:** Chairman and Managing Director - **Boldina Svetlana:** Director of Finance/CFO - **Satish Srinivasan:** Chief Technology Officer **Recent Developments:** - **Expansion Plans:** In October 2020, Nestlé India announced an investment of ₹2,600 crore for a new plant at Sanand in Gujarat, with the initial phase of production commencing on October 1, 2021. - **New Facility in Odisha:** In 2023, the company revealed plans to set up a food processing unit at Mundamba in Odisha with an investment of ₹894 crore. With a strong legacy and a diverse product range, Nestlé India continues to be a leading entity in the country's FMCG sector, committed to delivering quality products and contributing to India's economic growth.
NSE:NESTLEIND
by TheGoldenFarmsofEquity
TCS Apply That Chart In Your Mind Accumulate On VWAP Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology (IT) services and consulting. Established in 1968 and headquartered in Mumbai, Maharashtra, TCS is a subsidiary of Tata Sons Pvt Ltd and operates in 150 locations across 46 countries. **Services and Solutions:** TCS offers a comprehensive range of services, including: - **IT Infrastructure Services** - **Engineering and Industrial Services** - **Business Intelligence** - **Business Process Outsourcing** - **Consulting Services** - **Cloud Services** - **Quality Engineering** - **Blockchain** - **Enterprise Solutions** - **Internet of Things (IoT)** These services cater to various industries such as finance and banking, insurance, telecommunications, transportation, retail, manufacturing, pharmaceuticals, and utilities. **Financial Performance:** For the fiscal year ending March 31, 2024, TCS reported consolidated revenues of US$29.1 billion. **Workforce:** As of September 2024, TCS employed approximately 612,724 individuals, making it one of the largest employers globally. **Leadership:** - **Chairman:** Natarajan Chandrasekaran - **Managing Director & CEO:** K. Krithivasan **Market Position:** TCS is the second-largest Indian company by market capitalization and was ranked seventh on the Fortune India 500 list in 2024. In September 2021, TCS became the first Indian IT company to achieve a market capitalization of US$200 billion. **Sponsorships and Community Engagement:** TCS actively sponsors major marathons worldwide, including the Toronto Waterfront Marathon, London Marathon, Amsterdam Marathon, Mumbai Marathon, Lidingöloppet, and New York City Marathon. In India, it sponsors the World 10K held annually in Bangalore. Additionally, TCS conducts an annual IT quiz for high school students called TCS IT Wiz and sponsors Jaguar Racing in Formula E and Nakajima Racing in Super Formula. With a strong global presence and a diverse portfolio of services, TCS continues to be a leader in the IT services and consulting industry, driving innovation and transformation for businesses worldwide.
NSE:TCS
by TheGoldenFarmsofEquity
Asian Paints this is Right Time To Invest In Asian PaintsAsian Paints Ltd., established on February 1, 1942, is an Indian multinational paint company headquartered in Mumbai, Maharashtra. Founded by Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil, the company has evolved into India's largest paint manufacturer and ranks among the top ten decorative coatings companies globally. **Business Segments:** - **Decorative Paints:** Asian Paints offers a comprehensive range of interior and exterior paints, wood finishes, and metal coatings. The company also provides waterproofing solutions, adhesives, and wall coverings. - **Industrial Coatings:** Through joint ventures with PPG Inc., Asian Paints caters to the automotive coatings market and offers protective, industrial powder, industrial containers, and light industrial coatings in India. - **Home Décor:** Expanding beyond paints, the company provides modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lighting, uPVC windows and doors, wall coverings, furniture, fabrics, furnishings, and rugs. **Global Presence:** Operating in 15 countries with 27 manufacturing facilities, Asian Paints serves consumers in over 60 countries. The company's international brands include Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints. **Manufacturing Facilities:** Asian Paints' manufacturing footprint spans multiple countries: - **India:** 10 plants located in Ankleshwar & Sarigam (Gujarat), Patancheru (Telangana), Kasna (Uttar Pradesh), Sriperumbudur (Tamil Nadu), Rohtak (Haryana), Khandala & Taloja (Maharashtra), Mysuru (Karnataka), and Visakhapatnam (Andhra Pradesh). - **Sri Lanka:** 2 plants under Asian Paints Causeway. - **Nepal:** 2 plants operating as Asian Paints. - **Bangladesh:** 2 plants under the Asian Paints brand. - **Indonesia:** 1 plant operating as Asian Paints. - **Fiji:** 1 plant under Apco Coatings & Taubmans. - **Samoa Islands:** 1 plant under Taubmans. - **Oman, Bahrain, UAE:** 1 plant each under Asian Paints Berger. - **Egypt:** 2 plants under SCIB Paints. - **Ethiopia:** 3 plants under Kadisco Asian Paints. **Financial Performance:** As of the fiscal year ending March 31, 2024, Asian Paints reported a consolidated turnover of ₹354 billion. **Leadership:** - **Non-Executive Chairman:** R. Seshasayee - **Non-Executive Vice Chairman:** Manish Choksi - **Managing Director & CEO:** Amit Syngle **Recent Developments:** - **Vinyl Acetate Ethylene (VAE) and Vinyl Acetate Monomer (VAM) Manufacturing:** In October 2022, Asian Paints approved the establishment of a manufacturing facility in India with an investment of approximately ₹2,100 crores over three years. The facility will have an installed capacity of 100,000 tons per annum for VAM and 150,000 tons per annum for VAE. - **Nanotechnology Partnership:** The company entered into a partnership with Harind to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited, with plans to acquire an additional 39% over the next five years. - **White Cement Manufacturing:** Asian Paints signed a binding term sheet with Riddhi Siddhi Crusher & Land Transport and Associated Soap Stone Distributing Company Private Limited to form a joint venture for manufacturing and exporting white cement and white cement clinkers. The joint venture will set up a manufacturing plant in Fujairah, UAE, with an initial capacity of 265,000 tons per annum and an overall investment of approximately ₹550 crores over two years. With a strong consumer focus and innovative spirit, Asian Paints continues to lead the industry, delivering a wide array of products and services to beautify and transform spaces globally.
NSE:ASIANPAINT
by TheGoldenFarmsofEquity
This Is the Right to Invest In Axis Bank Axis Bank, established in 1993 and commencing operations in 1994, is India's third-largest private sector bank. It offers a comprehensive range of financial services to diverse customer segments, including large and mid-size corporates, MSMEs, agriculture, and retail businesses. **Key Services:** - **Retail Banking:** Provides lending services to individuals and small businesses, along with liability products, card services, internet banking, ATMs, depository services, financial advisory, and NRI services. - **Corporate Banking:** Offers products and services related to transaction banking, including current accounts, cash management, capital market services, trade, foreign exchange, derivatives, cross-border trade, and correspondent banking services. - **International Banking:** Focuses on corporate lending, trade finance, syndication, investment banking, and liability businesses through its international branches and representative offices. **Branch Network:** As of 31st March 2024, Axis Bank's extensive distribution network includes: - 5,377 domestic branches and extension counters across 2,963 centers. - 16,026 ATMs and cash recyclers nationwide. - Six Axis Virtual Centres with over 1,590 Virtual Relationship Managers. - International presence with branches in Singapore, Dubai (DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah; and an overseas subsidiary in London, UK. **Financial Highlights:** As of 31st March 2024, the bank's balance sheet size stood at ₹14,77,209 crores, reflecting consistent growth with a 5-year compound annual growth rate (CAGR) of 13% in total assets and 15% each in advances and deposits. **Leadership:** - **Managing Director & CEO:** Amitabh Chaudhry - **Deputy Managing Director:** Rajiv Anand - **Executive Directors:** Subrat Mohanty and Munish Sharda - **Chief Financial Officer:** Puneet Sharma **Innovations and Achievements:** Axis Bank has pioneered several technological advancements, including: - Introducing 'open by Axis Bank,' a digital banking proposition offering approximately 250 features through a user-friendly interface. - Launching the 'One-View' feature on its mobile app, enabling customers to manage finances across various banks seamlessly. - Being the first bank to implement UPI interoperability on its CBDC App. - Introducing digital US dollar fixed deposits for NRI customers at the IFSC Banking Unit in GIFT City, Gujarat. - Launching "NEO for Business," a comprehensive digital proposition catering to the new-age banking needs of MSMEs. - Adopting Generative AI by rolling out Microsoft Copilot across select user bases and a GenAI-based chatbot for approximately 60,000 users across branches, enhancing customer service efficiency and personalized banking experiences. **Awards and Recognition:** Axis Bank has received numerous accolades, including: - Best Bank in India Award at the FT Bank of the Year 2024 Awards. - IBSi Global Fintech Innovation Awards 2024 for Most Innovative use of AI/ML, Best Digital Channel/Platform Implementation, and Most Innovative Digital Onboarding rollout. - FE India's Best Bank Awards 2024 for Best Digital Bank category. - IDC India Future Enterprise Awards for Best in Future of Trust. - Derivatives House of the Year (India) at the Asia Risk Awards 2024. - ICC Emerging Asia Banking Awards 2024 for Best Bank in India (Private Sector - Large) and Best Private Bank (Large) in various performance categories. - The Asset Triple A Sustainable Infrastructure Awards 2024 for Renewable Energy Deal of the Year (Wind). - CNBC-TV18 India Risk Management Awards (Season 10). - Recognition as the Best Firm for Data Scientists to Work For in 2024. - Best Wholesale/Transaction Bank at Digital CX Awards for its Neo API suite. - Greenwich Share Leaders for Indian Large Corporate Banking and Middle Market Banking (Local Banks) & Greenwich Excellence Award in Indian Middle Market Banking. - Infosys Finacle Innovation Award in multiple categories. - India's Best for Next-Gen in the Euromoney Global Private Banking Awards. - Recognition as the Best BFSI Brands at ET Now Best BFSI Brands Conclave 2024. - The Asset Triple A Sustainable Finance Awards 2024 in multiple categories. - Asia Pacific Loan Market Association (APLMA) Award for Syndicated Loan House of the Year (India). - Recognition in the highest leadership category of the Indian Corporate Governance Scorecard of the Institutional Investor Advisory Services (IiAS). - ETCIO Award for Enterprise IT Excellence for Business Resilience Impact of Technology category (Customer Risk Categorization). - PFRDA recognition for being a Star Performer (Category 1) for achieving 110% targets under the NPS Game Changers Campaign. - Global Private Banker WealthTech Awards 2024 in multiple categories. - BW
NSE:AXISBANK
by TheGoldenFarmsofEquity
Bajaj Consumer This is Right Time To Invest @ 175-185 RsBajaj Consumer Care Limited (BCCL) is a prominent Indian consumer goods company specializing in hair and skin care products. Established in 1953 as Bajaj Sevashram by Kamalnayan Bajaj, the company has evolved into a leading entity under the Bajaj Group, which was founded by Jamnalal Bajaj. **Headquarters and Leadership** BCCL is headquartered in Mumbai, Maharashtra, India. The company's leadership includes: - **Kushagra Bajaj**: Non-Executive Chairman - **Jaideep Nandi**: Managing Director - **Dilip Kumar Maloo**: Chief Financial Officer - **Vivek Mishra**: Head of Legal, Compliance Officer, and Company Secretary **Product Portfolio** BCCL offers a diverse range of products in the personal care segment, including: - **Hair Care**: - *Bajaj Almond Drops Hair Oil*: The flagship product, holding a dominant position in the light hair oil segment with over 60% market share. - *Bajaj Coco Onion*, *Bajaj Coconut Oil*, *Bajaj Jasmine Hair Oil*, *Bajaj Zero Grey Hair Oil*, among others. - **Skin Care**: - *Bajaj Nomarks*: A range of products including face creams, face washes, and soaps targeting various skin concerns. **Manufacturing and Distribution** BCCL operates multiple manufacturing facilities across India, including locations in Himachal Pradesh, Uttarakhand, and Assam. The company also utilizes third-party manufacturing units in various regions to ensure extensive product availability. BCCL's products are distributed across more than 4.3 million outlets in India and exported to over 30 countries, reflecting its significant market presence. **Financial Performance** As of the fiscal year ending March 31, 2024, BCCL reported: - **Revenue**: INR 9,087 million - **Net Income**: INR 1,556 million These figures underscore the company's robust financial health and its leading position in the consumer care industry. **Corporate Values and Vision** BCCL is committed to: - **Consumer First**: Prioritizing consumers, followed by customers, employees, and communities. - **Entrepreneurship**: Encouraging ownership mentality and growth-oriented outlook among employees. - **Integrity**: Upholding transparency, trust, and accountability. - **Innovation**: Embracing measured risks and differentiating through innovative products. The company's vision is to become a complete FMCG entity by fostering a culture of innovation and creating groundbreaking products for consumers globally. **Stock Information** BCCL is publicly traded on the National Stock Exchange of India under the ticker symbol "BAJAJCON." As of January 10, 2025, the stock price was INR 190.67. For more detailed information, you can visit the company's official website:
NSE:BAJAJCONLong
by TheGoldenFarmsofEquity
WHY DO TRADERS FAIL?Every Field Demands Skills, and Trading is No Different Every profession requires a unique set of skills—doctors need precision, engineers need problem-solving abilities, and athletes need discipline and endurance. Yet, when it comes to trading, many people mistakenly believe it’s just about clicking buttons and watching numbers move. The truth? Trading demands a distinct set of skills that most people—99% of traders, to be precise—don’t possess. The fun (or alarming) part? They don’t even know they lack them. Here’s why trading is a skill game, not a gamble: --- 1. Emotional Mastery Trading isn’t about the market; it’s about the trader. The biggest battle is internal—fear, greed, frustration, and overconfidence are the real opponents. While many think they can "control" emotions, most fail miserably when the pressure mounts. Skill Needed: Emotional discipline. Why 99% Lack It: They underestimate how emotions can hijack rational decisions, especially during volatile markets. --- 2. Risk Management Ask any professional trader, and they’ll tell you: managing losses is more important than chasing profits. However, most traders fail because they ignore risk management. They over-leverage, avoid stop-losses, or bet too much on a single trade, thinking they can outsmart the market. Skill Needed: Protecting capital at all costs. Why 99% Lack It: They’re so focused on winning that they forget the primary rule: don’t lose big. --- 3. Adaptability Markets are like living organisms—they change constantly. A strategy that worked yesterday might fail today. Successful traders know how to adapt to new trends, data, and market conditions. Skill Needed: Ability to pivot and learn continuously. Why 99% Lack It: They cling to rigid strategies, hoping for consistent results in an inconsistent environment. --- 4. Patience Most traders want instant results. They jump into trades without waiting for the right setup, driven by FOMO (fear of missing out). Ironically, patience—waiting for the perfect trade—is one of the hardest skills to master. Skill Needed: Knowing when NOT to trade. Why 99% Lack It: The urge to stay "busy" blinds them to the fact that doing nothing is sometimes the best move. --- 5. Long-Term Thinking Trading isn’t about getting rich overnight. It’s a long game of compounding small, consistent wins while avoiding catastrophic losses. Yet, most traders dream of big wins and gamble their capital on high-risk trades. Skill Needed: Strategic thinking with long-term goals. Why 99% Lack It: They’re seduced by the idea of quick money and overlook the importance of sustainability. --- 6. Self-Awareness Here’s the catch: most traders don’t even know what they lack. They believe more screen time or better tools will make them profitable, but the real issue lies within themselves. Without self-awareness, they repeat the same mistakes and wonder why they fail. Skill Needed: Identifying personal weaknesses and blind spots. Why 99% Lack It: Introspection is uncomfortable, and many prefer blaming the market instead of looking in the mirror. --- The Harsh Reality Trading is a skill-intensive field disguised as a simple one. The charts, indicators, and strategies might look straightforward, but the underlying mental and emotional demands are far more complex. Most traders lose not because the market is unfair but because they’re unprepared for the unique challenges it presents. --- Conclusion If you’re a trader—or aspiring to be one—ask yourself: Do I have the patience to wait for the right trade? Can I manage my emotions when things don’t go my way? Am I protecting my capital instead of chasing unrealistic gains? The answers might surprise you. Remember, trading isn’t about working harder or staring at charts longer. It’s about building the right skills—skills that set the top 1% apart from the rest. And the first step? Realizing what you don’t know. Because in trading, ignorance isn’t bliss—it’s expensive.
NSE:NIFTYEducation
by keshevdugar
Today Closing Remarks of Market Nifty & Bank Nifty On January 22, 2025, the Indian stock markets exhibited a mixed performance. The Nifty 50 index opened higher at 23,108.80, up 84 points or 0.37%, and reached an intraday high of 23,144.25. However, it couldn't sustain these gains and was trading at 23,012.25 (-0.05%) by 12:45 PM. The Sensex also opened in the green, trading at 76,161.37, up 323 points or 0.43% at 9:19 AM. By 1:12 PM, it was trading at 75,901, a 74-point gain over the previous close. In the Nifty 50, sectors like Software & IT Services and healthcare were trading in the green, with top gainers including TCS (2.84%), Infosys (2.79%), Wipro (2.82%), and Tech Mahindra (1.98%). Conversely, sectors such as Trading and Aviation were in the red, with top losers including Bharat Electronics (-4.07%), Tata Motors (-3.29%), Adani Enterprises (-2.35%), and SBI (-2.15%). The broader market indices, BSE Midcap and Smallcap, experienced declines of 2.26% and 2.59%, respectively. Please note that these figures are based on intraday data available up to 1:29 PM IST. For the most accurate and up-to-date information, it's advisable to consult official sources or financial news platforms. On January 22, 2025, the National Stock Exchange (NSE) experienced a negative market breadth. Out of the total stocks traded, 350 advanced while 2,150 declined, resulting in an advance-decline ratio of approximately 0.16. In the Nifty 50 index, 23 stocks advanced and 27 declined. In the broader market, the BSE Midcap index declined by 2.26%, and the BSE Smallcap index decreased by 2.59%. These figures indicate a predominantly bearish sentiment in the market on that day.
NSE:BANKNIFTYLong
by TheGoldenFarmsofEquity
EUR/USD rises as Trump’s mild tariff plan reduces USD appealEUR/USD continues to maintain a solid upward trend above the key support level of 1.0400 in the European session on Wednesday, following a strong recovery in the North American session on Tuesday. The pair remains stable as investors assess the new tariff policies of the U.S. to adjust their positions. Over the past two days, U.S. President Donald Trump announced a 25% tariff on imports from Mexico and Canada, and 10% on China, effective from February 1. Trump also threatened to take measures to address the U.S. trade deficit with the European Union, though he has not provided specific details. Earlier this week, Trump stated that he would tackle the issue by "increasing tariffs or requiring the EU to buy more oil and gas from the U.S." However, these tariff threats appear less aggressive than market expectations, reducing demand for safe-haven U.S. dollars (USD). The U.S. Dollar Index (DXY), which tracks the value of the greenback against six major currencies, is currently trading near its lowest level in two weeks, around 107.90. EUR/USD is trading steadily near its two-week high of 1.0430 in the European session on Wednesday, after rebounding from a more than two-year low of 1.0175. The pair has recovered strongly, thanks to a positive momentum divergence and price action. However, a bearish divergence signal would be confirmed if EUR/USD breaks above the immediate resistance level at 1.0440.
by Brigi_ta
ZomatoZomato really surprised everyone with its results as its a much hyped script in all media... regular and social.... But in DEC it could not sustain above 291 291 is a strong resistance as u can see in the above chart. Now it has almost corrected 33% from its recent high of 305 Approaching a very strong support of 184-192.. Investors can start putting money in SIP mode near the above levels The next great support is seen at 176-180 levels. Happy Trading... Subscribe for more updates in ideas
NSE:ZOMATOLong
by emraldconsul