Today’s market action summarized in two charts – VIX up 9% and Nifty up 0.5% … 11000 on Nifty still a resistance. VIX crossover has happened. Advance Decline Line : Poor breadth continues. Markets propelled higher by heavyweight
Nifty Daily – Nifty continues to be range bound and have moved to the upper end of the resistance zone. The range is currently between 11000 to 10600 on a closing basis. Nifty is still hugging the lower trendline of
Broad Market Indices – Currently, the small caps are the strongest group in the market. Sectoral Indices – Just like the Nifty in the last 6-7 weeks, there is no definite leadership among the sectors. They are all over
Mukesh Ambani vs Jeff Bezos John C. Bogle, Founder of Vanguard Group, Dies at 89 A look at John Bogle’s career Indra Nooyi being considered to lead World Bank 2018: The Year in Charts (US Markets)
Market optimism about a US-China trade deal is keeping the USD and Crude on a bullish trajectory. As per the latest report “China would increase purchases of U.S. imports over six years to reach more than $1 trillion per year”.
Newsflow about a compromise solution between the US and China on the trade discussion driving TNX, Brent and Dollar higher.
Stock : IDFC Bank CMP : INR 43.35 Short Term Target : INR 48.5 (+ 11.8%) > Achieved Intermediate-Term Target : INR 56 (+ 29.18%) IDFC Bank Daily
With the retail inflation nos. coming down and new pro-government RBI governor in place, the equity markets have started factoring in a rate cut in the next policy meeting. Nifty has given a triangle breakout on a closing basis but
Tight range continues, but not for much longer Nifty Daily – Nifty continues to remain in a tight range with lacklustre movement. But I think the directional resolution should come in the next 10 days as some of the catalysts are