A big gap down: FED spooked the market in Jackson Hole symposium as some people had anticipated. By character, Indian market does exactly the way US market does but at a larger degree. Looking at current SGX level, we will open at least 150-200 points gap down on Monday next i.e., on 29-Aug-22. Once market…
Category: Daily Market Analysis
Premarket Nifty Analysis for 26-Aug-2022
Global news/concerns: USD-INR still hovering just below 80. Sooner or later it will cross and sustain above that magic number. 10 year old US bond rates has retreated a bit, possibly a short term retracement after a long upmove. US market is waiting for the Powell’s speech in FED symposium scheduled on 26-Aug. Cooling off…
Premarket Nifty Analysis for 25-Aug-2022
Global news/concerns: USD-INR still hovering just below 80. Sooner or later it will cross and sustain above that magic number. On similar lines, 10 year old US bond rates increasing constantly signalling FED is doing quantitative tightening behind the scene. US market is waiting for the Powell’s speech in FED symposium scheduled on 26-Aug. That…
Premarket Nifty Analysis for 24-Aug-2022
Global news/concerns: USD-INR still hovering at the highest level putting extra pressure on Indian economy. US market along with EU markets are still correcting but at a reduced rate. This is in some contrast with yesterday’s move in Indian market. India news/concerns: In F&O space, FII, Pro, retail have all taken a bit of mixed…
Premarket Nifty Analysis for 23-Aug-2022
Global news/concerns: FED has finally started tightening i.e., sucking excess liquidity from the market. So far, they were only relying on rate hike. Market is still shaky for this. US 10 year bond, dollar index all going up. USD-INR going up creating an extra pressure on Indian economy. US market still correcting but constant selling…
Premarket Nifty Analysis for 22-Aug-2022
Global news/concerns: Seems, FED has finally started tightening i.e., sucking excess liquidity from the market. So far, they were only relying on rate hike. This may shake the market in short term. This is still just a guess and FED will never certainly disclose that openly. US market has started correcting a bit after recent…