NIFTY: The NIFTY opened at 18358.70 with a gap down of 51points. Prices have initially moved up and filled the gap. The index moved further on the upside and then faced strong resistance. Prices recorded its intraday high at 18417.60 and then moved down. The nifty started consolidating…
View on market: Stay Cautious, be with quality business: Asian stocks edged higher Friday amid investor caution after Federal Reserve officials warned of more pain ahead as they raise interest rates to fight inflation. The dollar steadied after gains on Thursday. Oil was poised for a weekly loss…
View on market: Stay Cautious, be with quality business: Stocks in Asia climbed Thursday and Treasuries held on to a rally that inverted the US yield curve by the most in four decades. Crude slipped 2.9% as supply from pipeline carrying Russian oil to Europe resumed while demand…
NIFTY: The NIFTY opened at 18398.25 without much of a gap. The index initially moved lower and then found intraday support around 18350. Prices have bounced up afterwards. A rally took prices above 18400 and prices found intraday resistance around 18450. The index could not cross this resistance…
View on market: Stay Cautious, be with quality business: Shares in Asia fell Wednesday as investors balanced encouraging data that supported a slowdown in Federal Reserve rate hikes with Poland saying a Russian-made missile hit its territory. Commodities including oil and corn jumped as information of the explosion…
NIFTY: The NIFTY opened at 18362.75 with a minor gap up of just 33 points. The index initially moved lower, filled the gap, and then fell further to record its intraday low at 18282. Prices have found intraday support there and started consolidating around 18300. The consolidation broke…