@AlliesFin
Nifty expected to open near flat zone. Nifty may take some more time before breaking out of intermediate resistance zone of 11633-11725.
Bank Nifty may continue to lead the charts today and weekly options expiry may add some fuel to the recovery trade.
US markets had a mixed day yet again on Fed meet.
US Fed left rates unchanged and also indicated to keep them lower for a prolonged period. Fed also highlighted the shift to average inflation targeting regime.
Dow finished just above flat line, Nasdaq gave back some gains and was down by 0.9% , S&P also closed in red but Russell 2000 gained close to 1% as money started to move into small caps.
US 10 year closed flat above 0.68, dollar index near 93.25, Vix moved higher above 26.
Crude futures continued to move higher on supply disruption, WTI moved above 40, Brent above 42.
Traders may focus on large cap banks, metals, autos for the day or short term trading . For medium term investing continue to accumulate mid and small cap stocks.
#alliesfin #stockmarket #premarket #observations #india #bharat #fed
Nifty expected to open near flat zone. Nifty may take some more time before breaking out of intermediate resistance zone of 11633-11725.
Bank Nifty may continue to lead the charts today and weekly options expiry may add some fuel to the recovery trade.
US markets had a mixed day yet again on Fed meet.
US Fed left rates unchanged and also indicated to keep them lower for a prolonged period. Fed also highlighted the shift to average inflation targeting regime.
Dow finished just above flat line, Nasdaq gave back some gains and was down by 0.9% , S&P also closed in red but Russell 2000 gained close to 1% as money started to move into small caps.
US 10 year closed flat above 0.68, dollar index near 93.25, Vix moved higher above 26.
Crude futures continued to move higher on supply disruption, WTI moved above 40, Brent above 42.
Traders may focus on large cap banks, metals, autos for the day or short term trading . For medium term investing continue to accumulate mid and small cap stocks.
#alliesfin #stockmarket #premarket #observations #india #bharat #fed
@AlliesFin
Nifty expected to open flat post some givebacks into resistance zone. Watch for a daily range of 11450-11553 for a direction for next week.
Bank Nifty that is due to take leadership is taking more time to moveout of resistance zone, watch for a break above 22545 for rally to start.
US stocks on Thursday ended the day with losses as Fed Chair warning of an anemic recovery offset the dovish outlook to keep rates low through 2023 and investors digested the same. Most indices fell anywhere between 0.45% to 1.25%
US dollar index fell below 94 to trade near 92.85, vix remained flat just above 26, 10 year also traded at 0.68.
Crude futures moved up further as weakness in $ and supply disruption weighed on the sentiment. Brent moves above 43, WTI traded just below 41.
Watch for an indication of break above 22545 in Bank Nifty and Nifty break out above 11633-11750 next week for direction. Till that point a volatile grind in the range for index may continue.
Continue to focus on individual names to outperform the index. Autos, Metals, banks along with some sporadic bounce in pharma is the preferred trade.
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#alliesfin #premarket #nifty #banknifty #sensex #bse #nse
Nifty expected to open flat post some givebacks into resistance zone. Watch for a daily range of 11450-11553 for a direction for next week.
Bank Nifty that is due to take leadership is taking more time to moveout of resistance zone, watch for a break above 22545 for rally to start.
US stocks on Thursday ended the day with losses as Fed Chair warning of an anemic recovery offset the dovish outlook to keep rates low through 2023 and investors digested the same. Most indices fell anywhere between 0.45% to 1.25%
US dollar index fell below 94 to trade near 92.85, vix remained flat just above 26, 10 year also traded at 0.68.
Crude futures moved up further as weakness in $ and supply disruption weighed on the sentiment. Brent moves above 43, WTI traded just below 41.
Watch for an indication of break above 22545 in Bank Nifty and Nifty break out above 11633-11750 next week for direction. Till that point a volatile grind in the range for index may continue.
Continue to focus on individual names to outperform the index. Autos, Metals, banks along with some sporadic bounce in pharma is the preferred trade.
Join us on telegram
@alliesfin
#alliesfin #premarket #nifty #banknifty #sensex #bse #nse
@AlliesFin
Nifty expected to open with losses on global equity cues. Watch for support near 10991-11030 and as indicated earlier build up some trading positions with stop loss placed near 10882 for October series.
Bank Nifty that is entering oversold zone may lead a way out of current correction phase, accumulate bank stocks for an outperformance for October series.
At index level a move below 21000 towards 20800 may be considered as good entry point with stop loss of 20672 for short term trading.
US markets faced heavy selling pressure as investors appetite for risk trade started to reduce, index fell between 2% to 3% forcing Nasdaq, Dow and S&P near correction territory.
Cboe vix moved higher towards 29, dollar index continued to inch higher near 94.40, 10 year traded a bit higher near 0.68
Crude futures traded flat, WTI just above 39, Brent above 41.
For the day watch September series expiry related volatility and use opening gap down to buy some trading positions for October series.
#alliesfin #premarket #observations
Nifty expected to open with losses on global equity cues. Watch for support near 10991-11030 and as indicated earlier build up some trading positions with stop loss placed near 10882 for October series.
Bank Nifty that is entering oversold zone may lead a way out of current correction phase, accumulate bank stocks for an outperformance for October series.
At index level a move below 21000 towards 20800 may be considered as good entry point with stop loss of 20672 for short term trading.
US markets faced heavy selling pressure as investors appetite for risk trade started to reduce, index fell between 2% to 3% forcing Nasdaq, Dow and S&P near correction territory.
Cboe vix moved higher towards 29, dollar index continued to inch higher near 94.40, 10 year traded a bit higher near 0.68
Crude futures traded flat, WTI just above 39, Brent above 41.
For the day watch September series expiry related volatility and use opening gap down to buy some trading positions for October series.
#alliesfin #premarket #observations
#premarket #stockmarketindia
#alliesfin #nifty #banknifty
US stocks fell on Tuesday as higher yields and disappointing outlook from retailers raised concerns about the state of the consumer. Dow fell almost 2.00% wiping out gains of 2023, S&P also fell 2.00%, its worst day since December 15 and Nasdaq lost close to 2.50%.
USD index moved higher near 104.20, 10 year jumped to multimonth high of 3.95% and cboe vix moved sharply higher above 22.
Crude futures saw some pullback, WTI eased near 76, Brent fell below 83.
Indian stocks closed flat amidst volatility as fears of rates along with Adani group stock effect continued to shadow sentiments on Dalal street. PSU banking names, Metal stocks fell but buying in market heavyweight RIL and some FMCG names helped indices recoup some losses during the day.
Markets may continue to remain volatile on the back of weak global cues. Lack of cash market participation due to tightening of margin may lead to big swings in stock prices ahead of Feb series expiry. Continue to rotate positions within sectors to stay afloat as stocks may remain volatile for near term.
(as on 4.00 am IST)
#alliesfin #nifty #banknifty
US stocks fell on Tuesday as higher yields and disappointing outlook from retailers raised concerns about the state of the consumer. Dow fell almost 2.00% wiping out gains of 2023, S&P also fell 2.00%, its worst day since December 15 and Nasdaq lost close to 2.50%.
USD index moved higher near 104.20, 10 year jumped to multimonth high of 3.95% and cboe vix moved sharply higher above 22.
Crude futures saw some pullback, WTI eased near 76, Brent fell below 83.
Indian stocks closed flat amidst volatility as fears of rates along with Adani group stock effect continued to shadow sentiments on Dalal street. PSU banking names, Metal stocks fell but buying in market heavyweight RIL and some FMCG names helped indices recoup some losses during the day.
Markets may continue to remain volatile on the back of weak global cues. Lack of cash market participation due to tightening of margin may lead to big swings in stock prices ahead of Feb series expiry. Continue to rotate positions within sectors to stay afloat as stocks may remain volatile for near term.
(as on 4.00 am IST)