This section will be updated daily, providing a brief overview of the markets, along with important data points. Certain trades shall be mentioned, but they should not be considered as trading tips, we are not SEBI registered. Posts are for educational purposes only, kindly consult your financial advisor before investing. Cheers!
Hello reader, hope you’re doing well. Today, we’re seeing a gap down on opening, due to the weak performance of the US markets overnight following the Federal Reserve’s decision to raise interest rates by 25 basis points, in line with market expectations. Nevertheless, many of the Asian markets are displaying strength after the Federal Reserve […]
March 23, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. With the recent upside seen in Asian markets, it’s expected for our markets to open gap up, which has happened, and now we can see the gap being filled, as concerns about the global banking sector diminish. However, there may be some stagnant movement before the US Federal Reserve
March 22, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early trades today are expected see a boost in local market sentiment due to a strong rebound in the overnight US markets. This comes as concerns over US banking issues are expected to subside and Credit Suisse’s acquisition by UBS is viewed positively, easing concerns about the global banking
March 21, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Early trades today are expected to see a decline in the markets due to the weakness of other Asian markets following the Friday slump in US markets. Traders are in a difficult situation due to the ongoing anxiety in global financial markets caused by the collapse of
March 20, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Today’s expectation is a continuation of the short covering we’ve seen yesterday, and what a brilliant expiry session it was. A neat 300 points rally played out on Nifty from the lows and definitely would’ve trapped CE writers at lower levels. The Credit Suisse crisis is becoming less of
March 17, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. While other Asian markets are experiencing losses, Indian equity markets post opening with a gap-up, are facing significant selling. However, the markets may continue to be unstable throughout the day due to the global financial sector’s instability caused by the recent issues at Credit Suisse, as well as fallout
March 16, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. The February US inflation figure of 6% year-on-year suggests a reduction in inflation, but it’s not at a pace that satisfies the Fed. As a result, there may be a 25 bp rate hike in the March 22 Fed meeting, which will prevent the equity markets from rallying. The
March 15, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Yesterday was a pretty much straightforward trading day with the index movement playing out perfectly as per structure on charts and neat price action. As mentioned earlier, 17500 which would act as a resistance did so, and we saw a clean turnaround from this point and closed at the
March 14, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. During Sunday’s evening trading, U.S. stock futures rose by almost 1%, following a week where the major indices experienced significant drops. This was due to the assurance made by Federal Reserve policymakers that depositors with SVB Financial will be able to access their funds. This week for
March 13, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. As expected, we had a straightforward expiry session yesterday with markets finding resistance near 20-EMA levels, and correcting from there. Early trades today are expected to be a decline in the markets, with the possibility of further drops due to weak global indicators. The markets are currently pricing in
March 10, 2023 – Market Overview Read More »