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NIFTY Outlook / Market Outlook 05th Dec to 9th Dec 2022Markets after making new high is looking for consolidation and support from where they can further launch ahead. US FED softening their stand on rate hike gave wings to global market but Jobs data from US and below expectation number of Indian GDP weakened the Bull run and turned the market negative. Another reason was profit booking by FIIs and other institutions. Important supports and resistance for Nifty at this stage are: Important Resistances: 18887 to 18904 and 19590. Important Supports: 18604, 18360, 17908 and finally 17673 (Major Medium Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
$SPX (S&P 500) – (Net High/Low +88)$SPX staged an aggressive rally of +6.16% after better-than expected CPI data, rebounding off its 10/20-day moving average, The huge gains were a manifestation of pent-up hope that inflation has peaked and that the ultra-aggressive nature of the Fed's policy approach has also peaked. Briefly, total CPI increased 0.4% month-over-month in October while core-CPI, which excludes food and energy, increased 0.3% month-over-month. The monthly changes left total CPI up 7.7% year-over-year, versus 8.2% in September, and core CPI up 6.3% year-over-year, versus 6.6% in September. The key takeaway from the report wasn't singular. It was manifold: (1) The report helped validate the peak inflation view. (2) The report is apt to compel the Fed to take a less aggressive rate-hike approach at the December FOMC meeting. (3) Some encouragement was borne out of the understanding that the shelter index (computed with a lag) contributed more than half of the monthly all items increase, suggesting price increases moderated in many other areas. $SPX currently trades inside a month long uptrend channel, below its medium term downtrend line. The resistance to reclaim for further positivity in the market is at 4,080, the current declining 200-day moving average level. Bull Case: Reclaim above 4,080, the current declining 200-day moving average level. Bear Case: Breakdown of 3,800 level, breaching its rising 10 & 20-day moving average. Next support at 3,700 level.
SP:SPXLong
by jfsrevg
3
NIFTY in medium Term looking Solid. Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian Rupee. All these events can lead the market further up in the coming weeks. Long Term Target for NIFTY now is 19534. Important Resistances: 18351 and 18604. Important Supports: 18099 and 17872 .
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook For the Next Week 17th to 21st Oct 2022NIFTY is swinging wildly on global cues. Inflation, fear of recession and Ukraine Conflict news surrounding the same is making the fluctuation in indices more and more unpredictable. The indices may have similar fluctuations for some more time before the dust settles and things are more clear at Macro level. IMF has decreased the GDP forecast of India fractionally but India still remains at the epicenter of global growth. Nifty was not able to sustain above 200 EMA daily on Friday after setting the circuits on fire which was not a very good news and we may begin the week with some weakness. If we are able to find good support at some point in time the Spot Nifty can rise again otherwise weakness might continue later into the week. Major Resistances : 17244 (Major Resistance 200 days EMA), 17354 and finally 17439. Nifty will be Bullish to a certain extent above 17438) Major Supports : 17081, 16907 (50 days EMA – Important Support) and finally 16755. (Below 16755 there will be lot of weakness and Nifty will slip in the hands of bears).
NSE:NIFTY
by Happy_Candles_Investment
NZDUSD on a 3-day winning streakThe US will release three high-impact economic indicators during the week's last session, bringing high volatility to USD pairs, particularly against other major FX currencies. In the morning, the US will announce Retail Sales YoY for September; they are expected to drop from a previous 9.1% to 8%. Retail Sales MoM is also expected to fall; the analyst's consensus is at 0.2%; a figure higher than anticipated will bring higher value to the USD as it suggests that economic activity is solid. However, this week we have seen other indicators show that the US economy might be finally slowing down. The US will also release Michigan Consumer Sentiment. The expert consensus is a slight increase from 58.6 to 59; a higher-than-expected figure will strengthen the USD exchange rate. The NZD is gaining ground over the USD; the pair is on a three-day winning streak but continues to be on a general downtrend as the price is trading below the short and long-term moving averages. The relative strength index is at 38%, which will allow the pair to continue moving upwards before entering an overbought status, a lot will depend on the results of the scheduled high-impact economic indicators, but based on pure technical analysis, the pair is likely to continue climbing. The Bollinger bands are wide enough to expect high volatility in the short term; still, they are starting to shrink, suggesting that the pair might enter a consolidation period in the medium term. The bands are moving downwards, strengthening the sell signals in the short term. Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
USDCNH is on a 6-day winning streakThe US will release a series of high-impact economic indicators related to inflation and the labor market during the trading session, which will bring high volatility to major Forex pairs. The US will release: Consumer Price Index, which is expected to increase from 296.171 to 296.43; a higher figure will be positive for the USD as it suggests high economic activity. They will also release the Inflation Rate YoY, which is expected to drop from 8.3% to 8.1%; higher inflation will be bullish for the USD but will negatively impact the US Stock market. The US Initial Jobless Claims indicator is expected to increase from 219K to 225K for the first week of October, suggesting that the labor market is finally giving in; however, we have seen surprisingly good numbers for the labor market in recent weeks. Later in the trading session, China will release the Inflation Rate YoY, which is expected to increase from 2.5% to 2.8%; a higher rate will be positive for the Yuan exchange rate against other currencies. China will also release the Balance of Trade for September; analysts anticipate an increase from $79.39B to $81B. China is a prominent exporter and has maintained a surplus since 1995; a higher figure than expected will be positive for the Yuan. USDCNH is on a six-day winning streak; the general trend continues to be upward as the pair is currently trading above the short and long-term moving averages. Our parabolic S A R indicator strengthens the long signals. The Bollinger bands are still wide and moving upwards, which suggests there will be high volatility and that the pair will continue moving upwards; however, the bands are starting to shrink, which indicates that the pair might enter a consolidation phase in the medium term. The relative strength index is at 64%, allowing the pair to continue climbing a bit before entering an overbought status. If this happens, there might be a temporary change in the market sentiment. Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
GBPUSD could test support at $1.0812 The pound is on a four-day losing streak against the USD, and the general trend is downwards once again; the pair is losing the gains it made during the previous weeks. The price trades below the short and long-term moving averages, suggesting that the price could sink further down. The Bollinger bands are wide, allowing high volatility in the short term; however, the upper band is starting to shrink, suggesting that the price could begin a consolidation phase in the medium term. The relative strength index is currently at 41%, which will allow the pair to continue falling in the upcoming sessions; we could expect a short-term sentiment change once it gets closer to 30%. The support level on our 23.6% Fibonacci retracement at $1.0812 could be tested in the upcoming sessions. Upcoming Events The UK will release the Unemployment Rate economic indicator in the next trading session; it is expected to remain unchanged at 3.6%; a figure higher than expected will be bearish for the GBPUSD pair as it suggests economic deacceleration. Later in the day, the UK will also release Claimant Count Change, which gauges the number of people looking for unemployment benefits. Experts anticipate an increase from 6.3K to 10K this month. A higher figure will hurt the British pound against other currencies. Later in the week, the UK will also release Gross Domestic Product MoM and Goods Tarde Balance, which will significantly impact the GBPUSD exchange rate. GBP USD Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
Market Outlook plus Short Term Resistance and Supports for NIFTYNifty is very delicately standing between a strong support and resistance. There are very big chances that it will break free next week in one direction. Looking at global factors and other indicators it seems that Nifty will break out on the negative side or at least it might start the week on a negative side. Major Supports: 17274 (this is a major support but might not work or support nifty if we have a gap down opening on Monday.) Other major supports will be 17010, 16951 and 16896. Below 16896 we can see a free fall up to 16749 or 16309. Major Resistance: 17430 is a mega resistance as of now. Above 17430 we can see a bullish move till 17626 or 17961.
NSE:NIFTY
by Happy_Candles_Investment
AUDUSD on the moveAUDUSD lost 0.74% in the last trading sessions of the week, and it's on a four-day losing streak; the USD strengthened after the 10-year treasury yield climbed to 3.88%. The pair continues on a downward trend, and the price broke the support level at $0.63633, reaching a new low in over two years. The Bollinger bands are wide and moving downwards, suggesting that there will be high volatility and that price will continue to fall in the upcoming trading sessions. The RSI is about to enter the oversold status, which could change the market sentiment; fundamental news will be key to determining if the AUDUSD pair will continue moving downwards in the short term. Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
GBPUSD -1.31% GBPUSD lost ground after a six-day winning streak; the USD regained strength with the release of S&P Global Services PMI and ISM Non-Manufacturing PMI, which showed a better performance than the previous month, strengthening the USD. The pair is still on a downtrend as the long-term moving average is above the current price; the pair found strong resistance at $1.14954. If the support level on the 50% Fibonacci retracement at 1.13235 is broken, we expect the downtrend to resume. Volatility will be high in the short term. Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
EURUSD +1.70% The euro is gaining ground against the USD, and it is up 3.95% in the last five trading sessions. The pair is getting close to reaching parity, currently at 0.99831. High-impact economic indicators suggest that the US economy is finally slowing down. The US released ISM Manufacturing PMI in the previous session; the result came short of expectations, which hurt the USD. This morning the US also announced JOLT Job Openings for August, which came out at 10.053M. Experts anticipated a higher figure by 772K. The labor market has been solid in the US in the last few months; however, there has been a notable economic deacceleration in the previous few days. This is an important week for the USD as they will announce S&P Global Services PMI and ISM Non-Manufacturing PMI tomorrow, Initial Jobless Claims on Thursday, and Non-Farm Payrolls on Friday. The last two indicators will gauge the strength of the US labor market in the previous month. Tomorrow, the Euro Area will release S&P Global Services PMI; the previous figure was 49.8, and experts anticipate a drop for September; the analyst consensus is 48.9, which suggests industry contraction, which could benefit the USD. Later this week, the Euro Area will also release other high-impact economic indicators. Retail Sales MoM are expected to fall from -0.3% to -0.4%, while the Retail Sales YoY are expected to have a steeper decline from -0.9% to -1.7%, likely affecting the EURUSD exchange rate. The general trend is currently upwards as the price is now above the short and long-term moving averages; the uptrend is likely to continue if the fundamental news releases are unfavorable for the US labor market. The Bollinger bands are wide and starting to move upwards, suggesting that volatility will continue to be high and that the price will likely move upwards in the short term. The resistance at the parity level will be strong to beat from a psychological point of view. The relative strength index is at 55%, giving the EUR more than enough space to continue climbing before entering an overbought status. Our parabolic SAR indicator suggests that the price will continue to move upwards. Read more about EUR/USD news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
Tuesday Market Outlook / Nifty Outlook For Reminder of the weekNifty is trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis. Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461. Resistance for spot Nifty on the upper side will be at 17270, 17435, 17646 and finally 17910.
NSE:NIFTYLong
by Happy_Candles_Investment
AUDUSD + 1.83%AUDUSD + 1.83% The Aussie strengthens against the USD amid the upcoming Reserve Bank Of Australia Interest Rate Decision. The USD lost ground to most major Forex pairs during the session after high-impact economic indicators suggested that the US economy might be slowing down. US manufacturing data showed weak figures, the US Bond Yields dropped, and the Stock market closed with gains. There is still a negative correlation between the US Stock market and the USD exchange rate. The US ISM Manufacturing PMI for September came out at 50.9, a worse than expected result by 1.3; the consensus was 52.2. This result shows slower growth in the industry; the figure is still above the 50 level, which indicates industry expansion. The US Federal Reserve could ease on the upcoming interest rate decision as we finally see signs of a slowdown in economic growth. Australia will release important economic indicators later in the day; the Ai Group Manufacturing Index for September is expected to come out at 48.5; the previous figure was 49.3. If the actual result comes out below 50, the market will see it as an indicator of industry contraction, which will be negative for the AUDUSD exchange rate. AU will also release Buiding Permits MoM and Home Loans MoM; the consensus for these indicators is 5% and -3.5%, respectively, which is better than the previous month's figures, and a better than expected result will be positive for the Aussie. Read more about AUD/USD news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
NZDUSD -2.15% The New Zealand Dollar lost the gains it made in the two previous trading sessions against the US dollar. The kiwi gained 1.76% when the US 10-year Treasury Note spiked earlier in the week. After the US released high-impact economic indicators, the NZD lost strength, and the USD is having a solid week against most major currency pairs. The US released the Personal Spending MoM economic indicator earlier today; the result came out at 0.4%, which is better than the analyst's consensus of 0.2%, strengthening the USD across most major currency pairs. The US also released Personal-Income MoM, and the result came out as experts anticipated at 0.3%, remaining the same as the previous month's figure. The US Michigan Consumer Sentiment was also released this morning, and the result came out at 58.6, which is short of analysts' expectations of 59.5. The result is worse than expected but slightly better than the previous figure of 58.2. The industry is still within the expansion area as it is above 50, suggesting that economic activity remains elevated. The Reserve Bank of New Zealand will release an Interest Rate Decision next week; experts agree that the RBNZ will hike the rate by 50 basis points to leave the Interest rate at 3.5%. Annual inflation in New Zealand reached 7.3%, and the RBNZ is expected to continue rising interest rates until inflation drops significantly. Read more about NZD/USD news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
Late day PM Session Trade for SPX500Confluences: - SSL was taken - Filled in 15M FVG - BSL Taken / MSS - Retest above FVG after respecting Breaker OB - LOADS of BSL from the heavy selling today - If we are still bearish which is likely -- Looking to take profit at that previous low from 9:30am. That would be a key resistance area. Just for educational purposes, still learning LOTS about this market and I have gotten humbled SEVERAL TIMES. So take everything I say here with a Grain of SALT.
CME_MINI:ESZ2022Long
by BDripTradess
USDCNH -0.92% The US dollar is losing ground to some currency pairs after the US 10-year treasury Note spiked in the previous trading session. The Chinese Yuan gained 2.44% after reaching a 14-year high yesterday. The US released Initial Jobless claims this morning, and the result came out at 193K, a better than the expected figure by 22K; analysts anticipated a 215K. The figure is not only better than expected but also better than the previous release, which strengthened the USD against four of the six major currency pairs. China will release N B S Non-Manufacturing PMI at an early stage of the new trading session. Analysts expect the figure to come out at 52.8, while the previous was 52.6. We could see a minimal improvement, but it is more important that the figure stays above the 50 level, which indicates industry expansion, the release of this economic indicator will create more volatility in the exchange rate of the Chinese Yuan against other currencies, mainly against the USD. China will also release N B S Manufacturing PMI, which is expected to come out at 49.6 from a previous 49.4. Although we could see the figure improve slightly, if it stays under 50, market participants will interpret it as an industry contraction and are likely to take action. The USD Index is 17% up this year, and we see very solid numbers in the labor market despite the Fed's efforts to slow down economic growth. It could be hard to beat the dollar this year. Currently, the US stock market negatively correlates with the US dollar. The pair continues on a general uptrend as the short and long-term moving averages are still below the current price; the pair is retracing, but after the release of high-impact economic indicators, the dollar could resume the rally. The Bollinger bands are wide and continue moving upwards, suggesting that volatility will continue to be high and that the pair will likely resume the uptrend. Our Parabolic S A R indicator strengthens the long signals. The relative strength index is recovering from an overbought status, currently at 62%. We could see the pair pull back closer to the support level at 7.061120 before the uptrend resumes. Read more news.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
USDCHF -1.61% The SwissFranc is gaining ground over the US dollar, but we could see the SwissFranc lose ground after the fundamental news release from the US. They are releasing Initial Jobless claims in tomorrow's trading session; the previous week's figure reached 213K, and analysts expect this week's number to increase to 215K. The US has a very solid labor market that has remained unaffected by the Fed's efforts to slow down economic growth; we have been surprised by the US labor market's numbers in recent months. Switzerland will release high-impact economic indicators on Friday; they will announce Retail Sales MoM, which is expected to increase from -0.5% to 0.6%, while analysts anticipate Retail Sales YoY to decline slightly from a previous figure of 2.6% to 2% in August, this economic indicator is an excellent way to gauge the economic activity in the country. Later in the day, Switzerland will also release the K O F Leading Indicators, where the K O F Swiss Economic Insitute gauges business leaders' confidence about the economy's performance and their organization's prospects. This indicator is expected to drop from the previous figure of 86.5; expert consensus is at 84.5. The US will release indicators on Personal Spending MoM, Personall Incomeme MoM, and Michigan Consumer Sentiment on Friday's trading session. These economic indicators will cause turbulence in the markets as they gauge how much people spend on goods and services, how much they make, and how they perceive the future for their financial situation. Experts anticipate Personal Spending MoM to increase from 0.1% to 0.2%. Personall Income is expected to grow from 0.2% to 0.3%, and Michigan Consumer Sentiment is also expected to increase from 58.2 to 59.5. This is not very good news for the Federal reserve as they continue intensifying the efforts to restore price stability by hiking rates, which is meant to slow down economic activity. This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
AUDUSD -0.38% The Aussie continues losing ground to the USD; the pair is on a three-day losing streak, and it reached a level we had not seen since May 2020. AUDUSD is down 6.75% in the last eleven trading sessions; we could see the pair sink lower with the release of a high-impact economic indicator from AU later in the day. Australia will announce the Retail Sales MoM for August in the early stage of the new trading session; we expect a drop from the previous figure of 1.3% in July; experts anticipate a 0.4% for August. The decline in retail sales suggests that the economic activity in AU is falling, which will hurt the Australian dollar exchange rate against other currencies, particularly the US dollar. The US dollar continues strengthening across most major forex pairs while the S&P 500 fell to a two-year low as investors fear a global recession. The US economic activity is likely to slow down after the Fed hiked the rates; however, it could take some time before we start seeing a significant reduction in inflationary pressures in the US. The US released a number of economic indicators earlier in the session with a mix of good and bad results; Durable Goods Orders ex Defense MoM came out at -0.9%, while experts anticipated a 0.3%. New Home Sales MoM shocked us with a 28.8% result when analysts expected a -0.5%. Fed chair Jerome Powell expects this figure to drop significantly in the upcoming months after the Fed hiked interest rates 75 basis points to a total of 3.25%. Read more useful trading insights news.baxiamarkets.com Get a free crypto trading guide welcome.baxiamarkets.com This publication does not provide financial advice for traders, and its only purpose is education. Use all the available information from different analysts and develop your own trading strategy. Trading forex and cryptocurrencies is not for everyone. You should only trade with money you can afford to lose. Past performance does not indicate future results.
by traderscolo-en
Short Term Headwinds Ahead For NIFTYGlobal sell-off post US Federal Reserves rate hike another 75 bps has intensified. Not only stock markets but Crude and Gold are also sliding. Hyper Inflation caused initially by COVID19 and aggravated by Russia-Ukraine war is causing dent on Macros of global economy. India due to inherent captive market and investment friendly Government will be / is affected less but one fact stands that we are not decoupled from global economy. Long term scenario for India still remains pretty solid both at Macro and Micro levels. However, in the short terms we will be facing strong global headwinds for sure. Major Supports for Nifty at this juncture: 17291, 17169 and 17017. Beyond 17017 bears take over causing more pain. Major Resistances for Nifty at this juncture: 17429, 17590, 17713 and 17921. Above 17921 Bulls will be in total control. Currently Bulls seems to be in shock and are in pensive mood post FOMC press conference by Powell.
NSE:NIFTY
by Happy_Candles_Investment
Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
NSE:NIFTY
by Happy_Candles_Investment
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment