jellygill

jellygill

Sensex just a kissing distance from scaling all time high on hourly charts. 1. With stronger than expected US GDP numbers, DOW hit all time high yesterday. 2. German and Spain's inflation cools down. 3. Fitch affirms India's sovereign rating to BBB- with stable outlook for growth. 4. Moody's ups India' growth forecast for 2024 and 2025. 5. Other major world...

jellygill

A recent report in The Indian Express says, "While credit growth has been averaging 15-16%, deposits accretion has been averaging at 11-12% this fiscal". The gist of this line is: Credit demand is rising while growth in deposits is slow. Due to which, banks are forced to raise the deposit interest rates to woo the customers. However, banks can not raise the...

jellygill

Morning Brief: (1) Nifty came within kissing distance from 25000 mark on 29th July and since then it has been consolidating within a 200 points range. (2) Yesterday US Market performed well with Nasdaq Composite index clocking more than 2.64% gain while SP500 also gained 1.58% led by Chip stocks. (3) There is also a hint of rates cuts in USA by Jeromy...

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From 07 Jun 2024 to 19 Jul 2024 on daily candle, NIFTY price continuously remained above the cloud plotted by Option Scalper (see image above) which means constant flow of money in the market. Since last 03 sessions, price has entered inside the cloud area. Some factors to consider are: 1. Price remained inside the cloud even after much-waited budget which means...

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From recent high to current close, copper prices have declined nearly 14%. Copper is one of the most used elements in various industries and its declining price indicates decreasing demand which in turn indicates the slowing economy. Historically, slump in copper prices precedes stock market correction and with valuations being so high, it is wiser to book your...

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What happened in last 24 hours: SP500 and Nasdaq closed at another all time high US inflation data and USFed's interest rate decision coming on Wednesday which means market may be indecisive till then. FIIs continue to hold net Short positions in Index Futures. Maruti witnessed good buying activity while Adaniports and BAJAJFINSV witnessed selling...

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What happened in Last 48 Hours: On Daily candle, Nifty IT Index's Buy Signal has triggered and Price has gone above the cloud area plotted by Option Scalper (see chart above). Global IT stocks have also performed well on Friday. On Daily Candle, top 3 stocks (out of top 40 stocks in Nifty50) picked by Zeta Stock Scanner are IT stocks. PM Modi has...

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1. Major world indices ended marginally red yesterday including US indices. 2. US Tech 100 index Futures are down more than 1% and that means Indian IT stocks might feel the heat today. 3. FIIs continued their selling spree in cash segment and despite DIIs buying, Nifty still ended lower yesterday, which means selling pressure in Index heavyweight stocks is more...

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What happened in last 24 Hours: 1. Strong US earnings data pushes the USA Indices higher (more than 1%). 2. India VIX crashes nearly 20% in a single day, indicating stability and reduced volatility (as of now) 3. India’s Composite Flash PMI for April indicates stronger economy. 4. IMF expects India to become 4th Largest economy by 2025. 5. FIIs+DIIs are not...

jellygill

Gold prices had a very good run in the past few weeks but now the selling pressure is showing up on the chart. Much more downslide is expected if nearby Support is breached because the next support is far-far away. If the price reverses and reaches cloud area (the consolidation zone), do not keep any position open.

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What happened in last 24 hours: 1. Gold prices tumble in international markets. 2. US stock market snaps 6 days losing streak and ends the day in green. 3. Reliance Industries posts robust numbers (this stock may push the Nifty upwards today) 4. UBS downgrades 6 mega tech stocks in US which does not augur well for IT sector today. 5. FIIs+DIIs hold 57% short...

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What happened in last 24 hours worldwide: 1. USA indices fell further extending their losing streak. 2. When last checked at 8:55 AM Indian Time, most of the major Asian indices were in deep red. 3. Latest market affecting news is that Israel has conducted missile and air strikes against Iran. 4. FIIs+DIIs jointly hold nearly 52% short positions and only 26%...

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What Happened in Last 24 hours Worldwide: 1. US markets extended their losses further and we witnessed first consecutive 4 days in red in 2024. 2. FIIs have become Net sellers in Index Futures as well as DIIs. 3. Oil prices fall 3% due to rising US inventory and weak demand from China. 4. On 30 min time frame, nearby Support for NIFTY is sitting at 22105 while...

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Market View: 16 Apr 24 1. Weakness in the global markets continues due to Middle-East crisis while oil and gold are making fresh highs. 2. FIIs + DIIs are reducing their long positions in Index Futures. 3. Despite DIIs buying more than FIIs in cash segment, market still ended the day at new weekly low. 4. It is expected that if market scales up some points...

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Market View: 15 Apr 24 1. US Indices went sharply lower due to Iran-Israel tensions. 2. Gold and Oil are moving up. 3. US Large cap stocks suffer largest weekly sell off. 4. Chinese exports fall in Mar and hopes for recovery are fading. 5. NIFTY, Bank Nifty and Sensex are expected to toe the global line. 6. 49000 is both psychological as well as technical...

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What happened during weekend? 1. On Friday, US indices made further gains mostly due to tech and energy sectors. 2. Oil prices were up further for consecutive second week. 3. A good earnings numbers are expected for tech stocks this season. 4. On Friday DIIs sold stocks worth Rs 3370 Cr, while FIIs bought stocks worth Rs 1659 Cr, which looks like role reversal....

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What happened in last 24 hours: 1. US FED kept the interest rates steady and announced it would ease interest rates 3 times this year. Market reacted positively to this news and SP500 hit all time high. Other indices also made gains of more than 1% 2. NIFTY is almost 3% down and BANKNIFTY is 3.7% down from its all time high. On 30 Min. time frame, price is...

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Let us see what happened in last 24 hours: 1. FIIs & DIIs were both net buyers in cash segment. 2. FIIs & DIIs are holding just 8% net short positions in Index Futures compared to over 22% net short positions at the beginning of this Mar 24. 3. Overall Index Future contracts are witnessing never before seen volumes. So new money is coming in the market. 4. US...