BankNifty Analysis
The opening candle was very similar to the Nifty’s. The low set in the opening minutes ended up as the low of the day. In a way, it shows the bulls are still in control. The pattern was quite similar to yesterday. Weak open and then range-bound trade.
4mts chart link - click here
Banks will be on their toes tomorrow huffing and puffing to...
Nifty Weekly Expiry Analysis
Between the last expiry and today, Nifty has accumulated 299pts ~ 1.59% points. Most importantly it has broken away from the crucial support of 18880. As it stands Nifty is below the resistance of 19310 - but with the momentum it has gathered, seems like it will get tested this weekly series.
Nifty Today’s Analysis
Recap from...
US fed rare hike cycle is near about to end in next 6-9 months or it has already reached to the peak. Reversal in inversion from above 0% level had given signals of stoppages of rate hike cycle in last 3 incidents. 1-2 more hike may come but that's end of upmove in interest rate. Time to lock 10 year bond yield.
Disc : It's not an investment advise to buy or sell
EURUSD dribbles around a monthly low after breaking the six-week-old horizontal support. That said, the downward sloping RSI (14) line, not oversold, joins bearish MACD signals to also hint at the major currency pair’s further downside. With this, the sellers brace for the yearly low surrounding 1.0350. However, the RSI line and nearness to the Fed may restrict...
RBNZ leads the developed-world central banks with a 0.25% rate hike on Wednesday but couldn’t lift the NZDUSD prices. The reason can be linked to the broad US dollar strength amid risk-off mood and firmer Treasury yields. Technically, the Kiwi pair’s failures to cross the 10-DMA hurdle joined the bearish MACD signals and downward sloping RSI line to weigh on the...
