View on market: Volatility Prevails, Market is searching for better value After Jerome Powell stated the Federal Reserve would "proceed carefully" on whether to raise interest rates again and signaled policy will remain tighter for longer on Friday, Asian markets were poised to follow U.S. shares with moderate…
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NIFTY: The NIFTY opened at 19535.15 with a gap up of 91 points. The index continued its bullish momentum and moved higher for the first hour of trading but could not reach 19600.The index found resistance and then started drifting downwards in a V-shaped manner. The decline lasted…
View on market: Volatility Prevails, Market is searching for better value Bond yields increased as traders went over statements made by a plethora of Federal Reserve officials, while Asian markets were expected to decline after a selloff on Wall Street. Investors anticipate Jerome Powell's speech for hints on…
NIFTY: The NIFTY opened at 19439.20 with a gap up of 43 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have filled the gap and then found support around 19400. The index formed a consolidation that broke…
View on market: Volatility Prevails, Market is searching for better value After U.S. equities surged and Treasury yields dropped as a result of weak economic data supporting the Federal Reserve's decision to suspend interest rate hikes, shares in Asia were expected to rise. In line with a surge…
NIFTY: The NIFTY opened at 19417.10 with a gap up of just 24 points. The index initially moved higher but found resistance before reaching 19450 and started drifting downward. Prices recorded its intraday high at 19443.50 and saw a sharp downside move but then turned around quickly. Soon…
View on market: Volatility Prevails, Market is searching for better value A day after the massive tech rise, Wall Street's risk-on attitude began to wane, and Asian equities futures fell. Futures for Hong Kong shares down 0.5%, those for Australian benchmark shares declined 0.2%, while contracts for Japanese…
NIFTY: The NIFTY opened at 19320.65 with a gap up of just 10 points. The index initially moved higher but found resistance quickly and started drifting downward. A decline found support near the previous day's closing price and then the index started moving higher after recording its intraday…