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Supply and Demand

nifty banknifty trade plan for tomorrow nifty bank nifty trade plan for tomorrow thursday 23 rd march 2023 Nifty Supply 17263 trend will change above that wait for price to cross the value of 17263 Support -17083 if fails Support -17000 nifty current price -17142 Bank nifty Strong's compare to nifty 50 Support 39800 Supply 40600 Supply 40800 Bank nifty cmp 400093 Future will be interesting to see where the market will open will decide the direction of the markets for expiry
NSE:NIFTY
by niftyZ
Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hikes.Gold made an eight-month high overnight despite the US Dollar gaining against most currencies. The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%. The real yield is the nominal Treasury note yield less the breakeven inflation rate for the same tenor. As gold does not possess an interest rate of return, changes in the real yield of alternative investments may play a role in sentiment toward its value. The precious metal may have also been lifted by industrial metals that have rallied on hopes that China’s post-pandemic re-opening will ignite construction and industrial production there. Iron ore, aluminium, copper and nickel have all notched solid gains since China abandoned its zero-case Covid-19 policy. Treasuries added 3 to 10 basis points across the curve in the US session with the larger gains seen in the back end of the curve. They have slipped slightly so far today. The US Dollar is holding onto recent gains, but currencies have generally had a quiet Asian session. The stock market seems to be optimistic about the possibility of a soft US CPI on Thursday. It appears to be ignoring what the Fed is saying about rates needing to be higher than what is currently priced and that they will need to stay there for a long time. Federal Reserve Governor Michelle Bowman reiterated this sentiment in a speech in Florida. The world bank is less upbeat than they were previously. They cut their global growth forecast for 2023 to 1.7% from 2.9% yesterday. Nonetheless, Wall Street finished the cash session and this fed into a positive day for all the major APAC bourses. Australian retail sales were released today and came in at 1.4% month-on-month for November, notably above the 0.6% forecast and -0.2% previously. The year-on-year figure to the end of November was 7.4% rather than the 7.2% anticipated and 6.9% prior. AUD/USD blipped up but soon retraced. Crude oil declined with the WTI futures contract near US$ 74.50 bbl and the Brent contract a touch under US$ 79.50 bbl. There will be a number of ECB speakers today and the US will see some mortgage data.
FOREXCOM:XAUUSDLong
by Pita_fx77