Benchmark indices broke its three day winning streak on April 9 and ended lower in the muted trading session. At close, the Sensex was down 154.89 points or 0.31% at 49,591.32, and the Nifty was down 38.90 points or 0.26% at 14,834.90. “Index witnessed a strong volatile week and closed at 14,837 with minimal loss on […]
Continue ReadingSTOCKS Equities remain mixed and are consolidating at higher levels. Broadly we remain cautious on the equities and will be looking for a corrective fall after this consolidation. Dow has to break above 33550 to avoid a fall below 33000 from here. DAX keeps alive the chances of rising to 15500-15700 before a sharp correction […]
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Benchmark indices ended on a positive note for the third straight day on April 8 amid volatility. At close, the Sensex was up 84.45 points, or 0.17 percent, at 49,746.21, and the Nifty was up 54.80 points, or 0.37 percent, at 14,873.80. “The markets were successful in crossing 14,950 but failed to sustain there. We […]
Continue ReadingSTOCKS Dow remains stable below 33500 and has to fall below 33000 in order to strengthen the case of seeing the fall to 32000-31000 that we have been expecting. DAX seems to lack momentum and can come under pressure if it falls below 15000 from here which will negate the chances of seeing 15500-15700. Nikkei […]
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Indian market ended in the green for the second straight session on April 7 after the Reserve Bank of India (RBI) kept key policy rates unchanged and maintained its accommodative stance. Sensex rose 460.37 points or 0.94% to close at 49,661.76, while Nifty was up 135.50 points or 0.92% to end at 14,819. “Indian market is invigorated by […]
Continue ReadingSTOCKS Resistance at 33550 on the Dow is holding in line with our expectation. A break below 33000 can trigger the expected corrective fall. DAX has room to test 15500-15700 on the upside before witnessing a sharp reversal. Nikkei can come down within its 28000-30500/31000 range. Shanghai has come-off failing to break above the resistance […]
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Indian markets ended flat on April 5 after a highly volatile session, with the Sensex closing 42.07 points, or 0.09 percent, higher at 49,201.39 and the Nifty ending 45.70 points, or 0.31 percent, up at 14,683.50. “The Index is trading in a range between 14,450 and 14,900. The markets have been trading in a confused state […]
Continue ReadingSTOCKS The rise to 33550 on the Dow has happened and it has to fall-back immediately and break below 33300 from here to keep intact our view of seeing a corrective fall. DAX has room to test 15500-15700 from here before reversing lower. Nikkei can retain its 28000-30500/31000 range and can fall within this range […]
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Benchmark indices started the week on a negative note dropping over 1 percent on April 5 amid concern over rising COVID-19 cases in the country. At close, the Sensex was down 870.51 points or 1.74% at 49,159.32, and the Nifty was down 229.60 points or 1.54% at 14,637.80. “The market witnessed a huge sell-off today as India’s second […]
Continue ReadingSTOCKS Dow can see a rise today following the strong job numbers released on Friday. A test of 33500-33550 is possible while it sustains above 33000 and then a reversal is possible. DAX also has room to test 15500-15700 while it sustains above 15050. Nikkei is heading towards the upper end of its 28000-31000 range. […]
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Benchmark indices erased most of the previous session’s losses and ended with a percent gain on April 1, the first session of fiscal 2022, supported by metal and financial stocks. At close, the Sensex was up 520.68 points or 1.05% at 50,029.83, and the Nifty was up 176.70 points or 1.20% at 14,867.40. “Once again Nifty […]
Continue ReadingSTOCKS Dow is struggling to get a strong follow-through rise above 33000 and looks vulnerable for a fall from here itself without seeing an extended rise. It will have to be seen how the market reacts to the proposed increase in the US corporate tax announced along with the $ 2 trillion infrastructure recovery package […]
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After closing strong in the previous session, the benchmark indices lost a percent on the last day of the financial year 20-2021. At close, the Sensex was down 627.43 points, or 1.25 percent, at 49,509.15 and the Nifty was 154.40 points, or 1.04 percent, lower at 14,690.70. “Weak cues from across the globe forced the […]
Continue ReadingSTOCKS Dow has to sustain above 33000 to see an extended rise to 33450-33500 before a reversal. Else a fall can happen from here itself. DAX is at its crucial resistance which we expect to hold and drag the index lower. Nikkei and Shanghai look mixed and can remain sideways for some time. Sensex and […]
Continue ReadingSTOCKS Dow has risen past 33100 contrary to our expectation and can see an extended rise to 33450-33500 before the expected reversal happens. DAX has come closer to its crucial resistance level of 15000 from where we expect it to reverse lower. Nikkei and Shanghai can consolidate sideways with a bearish bias. Sensex and Nifty […]
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After two days of selloff, Indian markets started the April series on a positive note, with the Sensex gaining 568.38 points, or 1.17 percent, to close at 49,008.50 and the Nifty ending 182.40 points, or 1.27 percent, higher at 14,507.30 on March 26. “Equity market has been consolidating under fear of losing its traction of […]
Continue ReadingSTOCKS Global equities are showing signs of a sideways consolidation for some time rather than running into a sharp correction immediately which we have been expecting. The expected correction may happen after this sideways consolidation. We will have to wait and see. Dow may consolidate between 32000 and 33000/33100. Nikkei can trade sideways between 28000 […]
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Indian markets ended lower for the second successive session on March 25 amid unsupportive global cues and selling across sectors on F&O expiry day. At close, the Sensex was down 740.19 points, or 1.51 percent, at 48,440.12 and the Nifty was down 224.50 points, or 1.54 percent, at 14,324.90. “Weak global cues coupled with derivative […]
Continue ReadingSTOCKS Equities continue to remain weak. Dow failed to sustain the bounce above 32500 and remains vulnerable to test 32000-31000 on the downside. DAX still keeps alive the chances of seeing some more rise from here before the expected correction begins. The bounce in Nikkei and Shanghai seen in early trades today could be short-lived. […]
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The market ended near a 1-month low on March 24 amid weak global cues and concerns regarding a second wave of COVID-19 infections in India. At close, the Sensex was down 871.13 points, or 1.74%, at 49,180.31, and the Nifty was down 265.40 points, or 1.79%, at 14,549.40. “The support range of 14,750 was disrespected […]
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