SYFXTF

SYFXTF

The pair was traded between 82.82 and 82.95. The currency pair continues to be in the narrow range. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. There is no action and best we can assume that...

SYFXTF

The Bank Nifty moved in range of 1772 points Viz. between 45661 & 47433. The Bank Nifty posted a bullish candle with lower lows and higher highs. The Bank Nifty has been underperforming compared to the main Index. The Bank Nifty is moving in an ascending channel with lower support at 44275 and resistance at 49780 with a pivot at 47060. Within the channel there...

SYFXTF

The Index witnessed high drama during the week. The Monthly expiry played a vital role in containing the up move and made the bulls surrender for a close below 22K. However, the start of the new month saw a very strong pull back to produce a strongly bullish candle. In the process a new ATH has been made. As The risk perceptions seem to tilt towards a positive...

SYFXTF

The currency pair continues to be in a the narrow range The pair traded between 82.81 and 83.01. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.80 83.10. A few observations a. Expect the range of 82.70 - 82.90 would hold for...

SYFXTF

The Bank Nifty moved in range of 1046 points Viz. between 46317 & 47363. The Bank Nifty posted a bullish candle with higher lows and higher highs. The Bank Nifty has moved out from the range of 44600 & 46900 after four weeks of consolidation. The Bank Nifty has been underperforming compared to the main Index. Bank Nifty is facing a crucial resistance at 47500-600...

SYFXTF

The Index managed a smart recovery towards the earlier peak and closed with a positive candle for the week. The risk perceptions seem to tilt towards a positive bias. However, this time the moves were steady after initial sell-off on the first day of the week. Cautious approach continues as the perception is that the ATH is a strong supply zone and bears may make...

SYFXTF

The currency pair is back to the narrow range The pair traded between 82.93 and 83.11. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Expect the range of 82.80 - 83.15 would hold for the week...

SYFXTF

The Bank Nifty moved in range of 2060 points Viz. between 44633 & 46693. The Bank Nifty posted a bullish candle with lower lows and higher highs. The Bank Nifty has been moving within the range of 44600 & 46900 for the fourth week in a row. The Bank Nifty has been underperforming compared to the main Index. Though the Index is under continued pressure the close...

SYFXTF

The Index managed a smart recovery towards the earlier peak and closed with a positive candle for the week. The risk perceptions seem to tilt towards a positive bias. However, this time the moves were steady after initial sell-off on the first day of the week. Cautious approach continues as the perception is that the ATH is a strong supply zone and bears may make...

SYFXTF

The currency pair is back to the narrow range The pair traded between 82.97 and 83.06. With both sides being protected, there is least or no action and it appears that the pair is behaving like CNY. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move...

SYFXTF

The Bank Nifty moved in range of 1322 points Viz. between 46181 & 44859. The Bank Nifty posted a bearish candle with lower highs and lower lows. The Bank Nifty has been underperforming compared to the main Index. Though the Index is under continued pressure the recovery on the final session of the week gives hope for a decent pull back. For now the Index is...

SYFXTF

The Index remained in a comparatively a narrow range and made an inside candle. It appears to be a consolidation phase before taking further direction. The sentiments reflect the cautious approach/lack of direction. Last week the Index attempted almost the same ATH of 22124 from where the selling started. The perception is that the ATH is a strong supply zone and...

SYFXTF

The currency pair did a quick attempt of 82.83 and was back again closer to 83 levels. We saw the pair traded between 83.83 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. There is divergence seen in the charts b. The rates remaining in a small range is not anything new for the currency pair as we...

SYFXTF

The Bank Nifty moved in range of 1821 points Viz. between 46892 & 45071. The Bank Nifty posted a strongly bullish candle with higher highs and higher lows. Though the market witnessed sharp sell-off during the final session of the week, we may find buying interest to emerge on every correction lower. Index has re-entered the ascending channel and has to sustain...

SYFXTF

The Index snapped its past 2 weeks of losing streak and bounced back sharply. Past week was a very eventful week. The markets witnessed huge stop hunting which was evident from the kind of move on either side during the last session of the week. The big move happened after the Index broke 21850 and the Gap between 21850 and 21960 created during the sharp fall...

SYFXTF

The currency pair is once again back in to the narrow range regime. We saw the pair traded between 83.05 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects b. There is divergence seen in the charts c. The rates...

SYFXTF

The Bank Nifty moved in range of 2151 points Viz. between 46580 & 444429. The Bank Nifty posted a strongly bearish candle for the second consecutive week. The Bank Nifty continues to be under strong selling pressure. Break below 45400 cutting the ascending channel is not a favorable sign. The oscillators are turning negative. Only a weekly close above 46500 would...

SYFXTF

The Index came under the firm grip of bears. Any spike is dealt with by strong selling pressure. With two weeks of continuous bearish candles, the ensuing week may also witness continued selling pressure. It remains to be seen if Index has completed the up move or still some steam left. The two major events are scheduled for the week viz. FOMC, Interim budget. A...