Month: September 2022

Global news/concerns: US market had a dead cat bounce day as it was highly oversold. In the process, it has broken out of a triangle in chart. In all probability, this is a temporary upmove which will be sold into eventually. Crude oil price has reduced giving comfort to Indian economy but then a higher…

Global news/concerns: US market had a bearish day post the holiday and there is follow-up selling observed everywhere. SP500 has broken an important support and futures are also trading lower now. Similarly, EU markets also seeing some selling pressure in anticipation of a more expensive winter ahead because of natural gas issue with Russia, even…

Global news/concerns: US market will be back on business after a break. But, the direction will be clearer once the European markets open. Technically, S&P500 is near a good support. Need to see whether the low of last trading session still holds good or not. As of writing this, world markets are looking strong. In…

Global news/concerns: US market still sell on rise. Even though, a cool off in job market is a good sign for inflation. Technically, S&P500 is near a good support. Need to see whether the low of last trading session still holds good or not. Note that 05-Sep is a US holiday. India news/concerns: In F&O…