rockingmiles

rockingmiles

Mixed signals across global and domestic economy - while Dow is cheering Fed's hold on rate hikes across 2020, the Retail Inflation in India has hit a 3 year high @ 5.54%. Support @ 11930 and resistance @ 12000 - 12025... a break of either of these levels will further decide the direction. Posts are not recommendations.

rockingmiles

Mixed signals across global and domestic economy - while Dow is cheering Fed's hold on rate hikes across 2020, the Retail Inflation in India has hit a 3 year high @ 5.54%. Bank Nifty closed at an important Fib level... expecting the market to finally sell off after a flat to green opening. Posts are not recommendations.

rockingmiles

Not a lot changed since the last post ... Bank Nifty almost breached the important Support @ 31050 but recovered quickly ... most of it because of the news about the FM Conference.. Support levels remain @ 31050 .. a break will take it down to 30900 atleast.. FOMC awaited. Posts are not recommendations.

rockingmiles

Waiting for FOMC minutes... Support held... Market still trading in a range. Posts are not recommendations.

rockingmiles

Market remains range bound. In News: SBI: SBI under-reported bad loans by Rs 11,932 crore in FY19: RBI report - (Negative) Yes Bank: Yes Bank dabbling with bid offers remains to be watched with no confirmation it remains Negative. Posts are not recommendations.

rockingmiles

Market seeking direction - FOMC minutes to set the tone. Few important domestic and world events listed below: US-China Trade Deal: The market is expecting the first phase deal between US-China to be signed in December especially before December 15 deadline when the tariffs on $156 billion in Chinese imports is set to take effect. In a positive move Trump...