SYFXTF

SYFXTF

The Bank Nifty moved in range of 907 points Viz. between 44420 & 43543. The Bank Nifty attempted breaching the descending channel and ended up facing tuff resistance at 44400-420 range. Added by the regulatory changes on capital charge for a few risk assets the Bank Nifty lost the gains made during the past week and closed near the lows of the week forming a...

SYFXTF

The opening week of the Samavat 2080 saw fireworks on the D Street. The Index scaled back the Oct peak. However, the last hour of the Option expiry day saw a sudden decline. Could be that market sensed some regulatory changes on the capital requirements on specific risk assets. However, the weekly candle still shows bullish nature of the move. Comparing the past...

SYFXTF

The currency pair had an exception from the range of 83.10-83.31, due to technical outage of trading systems. Looking beyond this unusual trigger, there are a few interesting observations… The market has come to a logical conclusion that the central bank would protect 83.30 and easier way is to short and wait for lower band. This eventually failed General...

SYFXTF

The Bank Nifty moved in range of 625 points Viz. between 43283 & 43908. The Bank Nifty posted an second bullish candle. The index unusually moved in a smaller range. The Index is moving in a descending channel with lower end at 41700 and the top of the channel at 44100. Presently the Index is at a crucial one. Technically the Index should break the descending...

SYFXTF

The market sentiments improved and a pullback rally is under progress. There is an element of disbelief which resulted in a smaller gain during the week. However, the weekly closing at near high is seen as positive. Risk perceptions keep altering market is confused with FEDs narratives and the economic data releases. Remains to be seen whether this is a fresh...

SYFXTF

The currency pair spent another week in the familiar narrow range of 83.10-83.31. As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even 82.75 and that the Central Bank would hold 83.30 for long. The risky and sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for the...

SYFXTF

The Bank Nifty moved in range of 1026 points Viz. between 42390 & 43318. The Bank Nifty posted an inside bullish candle. In spite of Major banks reporting good Q2 numbers, the index could not post good gains. The Index is moving in a descending channel with lower end at 41800 and the top of the channel at 44220. The oscillators are turning positive. Expected range...

SYFXTF

Risk perceptions keep altering and post FED’s rate decision to hold the rates the market sentiments improved and a pullback rally is under progress. Remains to be seen whether this is a fresh trend emerging. This week will provide ample clues for this. For now, we can safely assume that the base at 18840 is intact, though there are multiple hurdles for the Index...

SYFXTF

The currency pair spent another week in the familiar narrow range of 82.97-83.31. As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even 82.75 and that the Central Bank would hold 83.30 for long. That is a risk. The sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for...

SYFXTF

The Bank Nifty moved in range of 1726 points Viz. between 43831 & 42105. The Bank Nifty posted an unusually a bigger bearish candle. In spite of Major banks reporting good Q2 numbers, the current sentiments are negative and every support which was expected to hold ultimately failed. The Index is moving in a descending channel with lower end at 41900 and the top of...

SYFXTF

The market witnessed a sharp sell-off when the crucial support at 19430 got breached and also on account of the intensifying conflict in the gulf region. In just three sessions it lost about 700+ points. The Geo-political risk perceptions coupled with the higher interest rates were major cause of concern for equity markets across geographies. With just 2 sessions...

SYFXTF

The currency pair spent another week in the familiar narrow range of 83.03-83.29. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. That is a risk. The sharp moves happen when no one expects. A stray chance of a quick move towards 82.65 cannot be ruled out. Expect the range of 82.90-83.30 would continue to...

SYFXTF

The Bank Nifty moved in range of 1031 points Viz. between 44589 & 43558. The Bank Nifty posted a negative candle completely erasing the earlier week gains. The current sentiments is back to negative after previous weeks positive. This implies uncertainties on the clear direction. The declines closer to the monthly lows around 43400 are expected to be bought. The...

SYFXTF

The market witnessed a steady decline as the index was unable to clear 19840-50 range in couple of attempts during the week and finally closed at 19542 after testing a low of 19512. The change in Geo-political risk perceptions coupled with the increasing in interest rates were major cause of concern for equity markets across geographies. In the process the earlier...

SYFXTF

Past week witnessed repeat of the same narrow range by taking 83.20 as pivot moved 0.10 on either side. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. Expect the range of 82.90-83.30 would continue to hold for the week with a crucial support at 82.90 and there could be choppy moves within this range. A...

SYFXTF

The Bank Nifty moved in range of 914 points Viz. between 43796 & 44710. The Bank Nifty posted a positive candle after 3 weeks of bearish candle. The current sentiments appear to shift towards positive from negative. The declines closer to the monthly lows around 43700 are expected to be bought. The Index is moving in a descending channel with lower end at 43720...

SYFXTF

The market witnessed a gradual shift towards higher levels. Friday saw a gap down opening due to uncertainties with regards to the impact on account of change in Geo-political risk perceptions. However, the markets recovered quickly and closed higher making a case for strengthening of key support zone of 19500-19450. With territorial conflicts and celestial...

SYFXTF

Past week witnessed repeat of the same narrow range by taking 83.15 as pivot moved 0.14 on either side. One more attempt of 83.30 and reversal is fairly a good sign for a small correction towards 82.75. Market is no mood to believe decline towards even 82.50. At best we can presume that the range is gradually shifted higher between 82.90 and 83.30. Expect the...