*The Week That Was @ 7:30 AM – Saturday, October 12th 2024* October 7th to October 11th 2024. In was an uninspiring week for benchmark Nifty as investors stayed on sidelines despite Wall Street scaling new record highs. The Good News: Nifty’s directional trend remains bullish as the investing theme revolves around the US economy […]
*Review & Preview @4PM —— Friday, October 11th 2024* NIFTY (-34, 24964) Sensex (-230, 81381) Bank Nifty (-359, 51172) The way Nifty moved in today’s session would have put a tortoise to shame. And you could also compare the market’s range with that of a porcupine’s spines. Yep, absolutely listless. The Good News: The directional
*Morning Action @ 7 AM – Friday, October 11th 2024* # Gift Nifty is seen trading cautiously after Wall Street struggled in overnight trade with consensus amongst traders that a half-point rate cut is cut off the table for the time being. # *The trading theme revolves around the US consumer inflation numbers which
*Review & Preview @4PM —— Thursday, October 10th 2024* NIFTY (+17, 24998) Sensex (+144, 81611) Bank Nifty (+524, 51531) # After a higher open, Nifty turns cautious as bulls refrain from placing any fresh aggressive bullish bets ahead of the all-important US CPI report. # All eyes are on TCS which officially sets afire the
*Morning Action @ 7 AM – Thursday, October 10th 2024* # Gift Nifty is seen taking over the positive baton from overnight strong close at Wall Street where the Dow Jones and the S&P 500 hit new record closing highs. This morning, Asia too is tracking Wall Street higher. Investors now gear up for September’s
*Review & Preview @4PM —— Wednesday, October 9th 2024* NIFTY (-31, 24982) Sensex (-168, 81467) Bank Nifty (-14, 51007) Nifty ends in red, giving up its strong intraday gains despite: 1) RBI changes stance to ‘neutral’ 2) This dovish move opens the door for rate cuts in December The good news however was that the
Nifty will be completely out of the woods only above 25300 mark. Read More »
*Morning Action @ 7 AM – Wednesday, October 9th 2024* # Gift Nifty is indicating a positive start and that’s in line with our call of the day which suggests that the risk appetite could come-back with a vengeance amidst a sharp drop in oil prices. # All the attention now turns on the RBI
*Review & Preview @4PM —— Tuesday, October 8th 2024* NIFTY (+217, 25013) Sensex (+585, 81635) Bank Nifty (+542, 51021) Bulls make a solid comeback as Nifty snaps its 6-day losing streak. The focus now is on: 1) RBI MPC outcome to be wired on Wednesday, 9th October 2024 2) The US FOMC Meeting Minutes to
Bulls make a solid comeback as Nifty snaps its 6-day losing streak. Read More »
Review & Preview @4PM —— Monday, October 7th 2024 NIFTY (-219, 24796) Sensex (-638, 81050) Bank Nifty (-983, 50479) After a green open, Nifty erase all the gains and ends deep in red. The sentiments have gone from bad to worse in the last 6-tradings sessions, and that brings us to the nervous thoughts whether
After a green open, Nifty erase all the gains and ends deep in red. Read More »
*Morning Action @ 7 AM – Monday, October 7th 2024* # This Monday morning, Gift Nifty is aiming to start the day on a higher footing as Nifty bulls will aim to take over the positive baton from a strong finish at Wall Street in Friday’s trade. # *Looks like, the good news shall stay
Looks like, the good news shall stay as good news all-thru the trading session. Read More »
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