NSE:NIFTY 5/2/2024 Overview- Adani Total Gas inks a pact with INOXCVA to strengthen LNG ecosystem in India. Paytm in talks to sell-off wallet business to Jio amidst regulatory heat. Chinese manufacturing grew by 52.7 in January. Outlook for 6/2/2024- Nifty50 remained sideways throughout the day with a quick selloff during the last hour. Market has taken the...
NSE:NIFTY 1/2/2024 Overview- Indian FM presented the Interim budget today, markets did not react to the speech. Tax brackets remain the same, with increased focus in Homegrown oil seeds and Sea-food market. Capital expenditure outlay for infrastructure development and employment generation will be increased by 11.1 per cent to Rs 11,11,111 crore, that will be...
NSE:NIFTY 31/1/2024 Overview- India will have its Interim budget presented tomorrow. Markets don't have a lot of expectations although a lot of positions were made today. Auto stocks dominated today's rally. Outlook for 1/2/2024- Nifty50 remained positive throughout the day leaving it in a deciding position. As discussed the resistance at 21850 seems strong,...
NSE:NIFTY 30/1/2024 Overview- Indian FM sees India's growth at 7% but flags geopolitical risks. Indian steel sector is set to see a major boom amongst the global slowdown. Outlook for 31/1/2024- Nifty50 remained sideways throughout the day with a downward rally in the last one hour. Everything indicates that tomorrow will be trending as a lot of positions for...
NSE:NIFTY 29/1/2024 Outlook- Midcap earnings will influence the markets this week. China will release its PMI that will show the world's second largest economy is on shaky footing. Overview for 30/1/2024- Markets were absolutely bullish today with Call options making great money for the traders. Major resistance levels at 21750, post which the resistance...
NSE:NIFTY 24/1/2024 Overview- India goes in the Budget fever, as we await the much awaited day of 1st Feb. Indian market has overtaken Honk Kong as the 4th largest stock market, a huge feat for India. US weekly EIA crude oil inventories -9233K vs -2150K expected. Oil prices climb on Chinese stimulus hopes. Outlook for 25/1/2024- Nifty50 opened lower as...
NSE:NIFTY 23/1/2024 Overview- Indian Banks do not impress with their results, all major banks were down today. Bitcoin down 20% on profit booking after the ETF announcement. Outlook for 24/1/2024- As discussed yesterday Nifty50 opened gap-up, however, All major Indian indices were in a one-way rally on the downside with absolutely no room for any buyers. Nifty...
NSE:NIFTY 22/1/2024 Overview- India sign an FTA with ETFA Bloc after decades of negotiations. EFTA includes Switzerland, Iceland, Liechtenstein and Norway. Outlook for 23/1/2024- Nifty50 remained sideways throughout the special trading session on Saturday. It closed near its support level on 21550 so a gap-up is expected considering the overall emotion is...
NSE:NIFTY 18/1/2024 Overview- Australian job data comes worse than expected, while labour market is still tight. Chinese GDP less than expected at 5.2%. RBI chief says the expected growth numbers are at 7%. Outlook for 19/1/2024- Nifty opened lower again, approximately 0.75% extending loosing streak to 3 days. Bears looks very much in control of the market...
NSE:NIFTY 16/1/2024 Overview- Indian imports are under risk due to red-sea disturbances, analysts think that the trade deficit might get affected. Chinese economy is expected to grow at 5.2%. Outlook for 17/1/2024- Nifty did show some volatility today, forming a tweezer top like candles on the daily time frame. Although this might be a sign of reversal but no...
NSE:NIFTY 15/1/2024 Overview- All major world indices closed in green. Indian markets hit all time high. India-Argentina sign pact to explore lithium. Outlook for 16/1/2024- Nifty opened at all time high and held itself thereabouts throughout the day. Important support levels at 22100 and 22080. If market stays above 22080, the bulls will definitely dominate...
NSE:NIFTY 14/1/2024 Overview- The coming week will be influenced by the the U.S. retail sales and Bank earning data. Chinese GDP numbers are also expected. Indian markets will wait for Interim Budget on 1st Feb. Outlook for 15/1/2024- After three weeks of uncertain movement, Market made fresh high on 12/1. It has formed a hanging man candle on the weekly time...
NSE:NIFTY 11/1/2024 Overview- US Core CPI YOY is 3.4% v. 3.2% forecast. Core CPI MOM is 0.3% v. 0.2%. Geopolitical tensions have resulted in the inflation missing the targets, this means that the early rate cuts expected in march may not happen. Outlook for 12/1/2024- Markets remained sideways throughout the day again, making it 4 consecutive days sideways...
NSE:NIFTY 10/1/2024 Overview- India's CPI Inflation likely rose 5.9% in December, making it the highest in four-months. US Stocks trading higher as the CPI Inflation data is around the corner. Outlook for 11/1/2024- Nifty remained absolutely sideways for the most part with a movement towards the upside at the very end. Index is continuing to dabble between...
NSE:NIFTY 9/1/2024 Overview- Oil down as the OPEC Producing countries increase supply. This provides a relief for what could have been tricky weeks for the world economy due to red-sea disruptions. Indian bonds may join Bloomberg indices. Outlook for 10/1/2024- Nifty50 was up throughout the day with its direction turning in the last 1 hour. It has taken a...
NSE:NIFTY 8/1/2024 Overview- India might loose $30 billion due to disruptions in the Red Sea. Gold falls 1% as early Fed Cut hopes fade away. Outlook for 9/1/2024- Nifty50 remained under selling pressure throughout the day. Although the premiums did increase, the main trend in the market is still undecided. Nifty has taken support from the 21500 level, which...
NSE:NIFTY 7/1/2023 Overview- US Inflation data is key to market performance this week. A major news in Bitcoin regarding its ETF is also expected. UK GDP data is another important news this week. Outlook for 8/1/2023- A doji candle has been formed in on the weekly time frame which is a clear indication of the uncertainty that Indian markets have experienced...
NSE:NIFTY 4/12/2023 Overview- Russian oil looses its shine in India as the Oil prices rise. Federal Reserve considers pause in balance sheet reduction. Outlook for 5/12/2023- Nifty50 did show quick gains in the morning but remained sideways with slow gains throughout the day. All other indices did show recovery and strong momentum. Important resistance at...