Stock Market Updates

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

U.S. stocks ended sharply lower on Thursday, with the S&P 500 sliding to another 2022 low, while heavy losses for Apple Inc. and other tech-related stocks. Asian stocks dropped on Friday in the wake of another plunge on Wall Street Sept 30th is the month and quarter end and also the 8th day in the series of fall. Nifty has a fair chance to break the falling streak on Sept 30th. 16,653-16,752 r...

Supports for the Nifty are seen at 16,773 and 16,688 levels. Resistances for the Nifty is seen at 16,905 and 16,990. Dow Futures is trading with the loss of 345 points.

U.S. stock indexes on Wednesday rebounded from 2022 lows with support from a sharp fall in Treasury yields and a surprise intervention from the Bank of England in the U.K. government bond market. The Bank of England said that it was stepping into buy unlimited amounts of long-dated bonds to help stabilize markets. Nifty continued its downmove on Wednesday. However a bounce in other markets could b...

Previous Resistance of 16,800 could now act as a support for the Nifty and today’s low is also coinciding with 200 days EMA support. On the upside 17,150-17,200 is the strong resistance zone. Any decisive level above 17,200 or below 16,800 would decide further trend of the Nifty.

The S&P 500 index closed at its lowest level in nearly two years Tuesday with only the Nasdaq Composite escaping a daily loss. Chicago Fed President Charles Evans said the central bank will need to raise rates by at least another percentage point this year. The net direct tax collection in India increased by 23 percent to Rs 7.04 lakh crore so far this fiscal as announced by the income tax dep...

After showing sharp weakness in the last couple of sessions, Nifty shifted into a positive note with high volatility. Immediate support is placed at 16,950.

The Dow Jones Industrial Average finished in a bear market on Monday for the first time in more than two years as investors fretted over a combination of interest-rate, currency and economic risks. Stocks came under pressure this Monday on worries about rising borrowing costs, while the surging dollar continued to wreak havoc around the world. Global bonds are now in their first bear market in 76...

Rate sensitives like Auto, NBFC, Banks and real estate could continue to underperform. While defensives like IT, Pharma and FMCG could outperform in today’s trade. Trend has turned bearish for the markets. Rallies should be utilized to lighten the long commitments.

A weekly wrap-up of currency markets. Check out the podcast on currency by Dilip Parmar.

U.S. stocks closed sharply lower on Friday, ending at its lowest closing value since November 2020. Nifty fell sharply for the second consecutive week (down 1.16%), breaking some key technical levels on the way. 17,166 is the next support for the Nifty post which a sharper fall could ensue. 17,490 could be the resistance for the Nifty in the near term. Indian markets could open lower, in line with...

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

Nifty has now confirmed bearish lower top and lower bottom formation on the daily charts. For last 6 weeks, Nifty has been trading in the narrow range of 17,450-17,950 on weekly closing basis. Intraday support for the Nifty is seen at 17,365 odd levels, where 50 days EMA is placed. Resistances for the Nifty are seen at 17,532 and 17,628.

U.S. stocks ended lower on Thursday after failed attempt to claw back Wednesday’s losses, as Treasury yields and the dollar climbed further. Market players were already jittery after a number of companies - most recently FedEx Corp and Ford Motor Co-issued dire outlooks for earnings. The Indian rupee dropped to a record low versus the U.S. dollar on Thursday. The level of 17,430 is an important su...

BankNifty is on the verge of breaking 5-day’s low support placed around 40,500. Below 40,500, BankNifty could move towards next support of 39,780. Below 17,429, Nifty would confirm lower top and lower bottom formation, which will be bearish for the short term.

U.S. stock indexes finished sharply lower on Wednesday after see-sawing between gains and losses as the Federal Reserve announced another expected sharp interest rate increase and signaled a higher-than-expected peak for rates. President Vladimir Putin on Wednesday ordered Russia's first mobilization since World War Two calling 300000 reservists. Nifty has been consolidating in the narrow range of...

After showing intraday weakness from the highs, Nifty slipped into weakness so far today. Immediate support is placed at 17,650-17,620 levels.

U.S. stocks finished lower on Tuesday as Treasury yields climbed. Traders appeared skittish about opening new long positions ahead of the Federal Reserve’s September policy meeting. The meeting started Tuesday and will conclude on Wednesday. Will the Fed decision on Wednesday once again be followed by stock-market gains on that day? The previous four times the Fed raised interest rates in 2022 — M...

Trend of the Market is likely to remain bullish in today’s session. Intraday resistances for Nifty are seen at 17,953 and 18,048. Supports are seen at 17,810 and 17,716.

U.S. stocks found their footing in the final hour of trading on Monday., after flipping between gains and losses. Investors prepared for a Federal Reserve meeting (that ends on Wednesday) that’s expected to deliver another large interest-rate hike A rate hike of three-quarters of a point is expected, and attention will be put on the accompanying dot plot of rate projections. A rally in megacaps li...

Above 17,670, Nifty could extend the gain towards 17,734 and 17,820. Intraday supports for Nifty are seen at 17,580, 17,500 and 17,430. Stock specific bullish moves is likely to continue.

A weekly wrap-up of currency markets. Check out the podcast on currency by Dilip Parmar.

U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx. FedEx shares plunged 21.4% after the global shipper and economic bellwether late Thursday withdrew its annual outlook Nifty ended sharply lower for the second consecutive session on Sept 16th pulled down by weak global cues. It was the highest percent fall since June 16, 2022. On...

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

Breadth of the market is weak, with 1:3 advance decline ratio at NSE. Bias for the day is negative and next support for the Nifty is seen at 17,500, which happens to be its 34 days EMA.