NIFTY: The NIFTY opened at 18638.85 without any gap. The index initially moved down but soon found support and bounced up. The index rallied and went above 18650. Prices have found strong resistance there and turned down after recording its intraday high at 18668.30. A sharp decline came…
December 8, 2022
Market View 8th December 2022
View on market: Stay Cautious, be with quality business: Asian stocks opened lower following the flat closing in the U.S, markets after a volatile trading session. The Japanese Nikkei 225 fell nearly 0.82%, while the Australian S&P/ASX 200 was down 0.60% as of 6:17 am, local time. U.S.…
RBI today said that by the end of yet another turbulent year, the global economy is still marred by profound shocks and unprecedented uncertainty, there are mixed signals emanating from the geopolitical situation and financial market volatility. Though international energy, food, and other commodity prices have eased moderately…
December 7, 2022
Nifty Traded Very Narrow, We Should Look For Buying Only
NIFTY: The NIFTY opened at 18600.65 with a gap down of 101 points. The index initially moved down but soon found support and bounced up after recording its intraday low at 18577.90. A rally started which took prices above the opening tick. The momentum was very weak so…
December 7, 2022
Market View 7th December 2022
View on market: Stay Cautious, be with quality business: U.S. stocks dipped with as bank CEOs raised alarm over downbeat economic conditions. The S&P 500 fell 1.3% and the tech-heavy Nasdaq fell 1.7%. Yield on 10-year Treasuries declined one basis point to 3.56%. Oil fell 3.6% amid broader…
December 6, 2022
Nifty Ended On A Flat Note ,Buy On Dip Or Consolidation Breakout
NIFTY: The NIFTY opened at 18719.55 with a gap up of just 23 points. The index initially moved down after recording its intraday high at 18728.60 a few ticks above the opening price. A sharp decline came in the first hour of trading and prices recorded its intraday…