MARKET TRENDS OUTLOOK (FOR TRADERS)

The Indian Stock Exchanges ultimately witnessed the long waiting spike from 9000 mark (Nifty) to 9300 mark with the support of Banking Sector with an increase around 1000 points in Bank Nifty. The Indian Banks have reacted against the RBI’s cut down in repo rate and reverse repo rate by 0.40% in order to create more liquidity in the system.    The Nifty remained bullish due to some other factors also including one mentioned above, such as FDI and DII increased their investment enormously.   It is also to be noted that, some of the major sector have been relaxed from lockdown in order to start the economic activities in phased manner.   One of the major factor supporting Nifty is DOW and Nasdaq alongwith US Tech market remained in positive territory.   Whereas dollar index is also at downward trend created spike in Indian Rupees which additionally supported banking sector.     The Nifty may witness some corrections on 27.05.202...

U.S. stock futures indicated a powerful open for Wall Street on Tuesday after a long holiday weekend, as investors seized on fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown. Investors were focusing on signs of life in the global economy as well as news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups. US stock futures also rose after Americans crowded onto packed beaches in Florida, Maryland, Georgia, Virginia and Indiana for the Memorial Day weekend.  Many states  have begun lifting restrictions on businesses and public spaces. Dow futures  were up   490 points, or around 2%. Futures for the S&P and Nasdaq added 1.9%.

Oil and gas companies, as well as the retail industry, are the worst hit sectors in the COVID-19 pandemic that swept through businesses in Texas, bankruptcy and restructuring is reported.   Oil and gas and the retail sector had a whole lot of stress even before COVID-19.   Russia’s President Vladimir Putin has  tasked the government with implementing a set of measures aimed at supporting the oil industry for the duration of the OPEC+ production cut agreement.   As part of the OPEC+ deal, Russia pledged to cut its production to 8.5 million bpd in May and June from a February 2020 baseline of some 11 million bpd, which translates into more than 2 million bpd, or by 19 percent.   Apart from the above, and growing oil demand across the globe the US Crude Oil inventory has shown the figure higher than the forecast.   Some of the oil importing countries like India is estimating more demand even during the times of lockdown.       The crude oil...

The Indian Stock market plunges to 9040 mark (Nifty) due to slowdown in economic activities in the entire country even after some relaxation in the lockdown 4.0.   The domestic airlines started operation on Monday though some of the states have not shown their preparedness and are in the favour of extending their restriction till month end.   On the other hand there is a constant rise of Covid-19 cases, putting enormous pressure on market activities which is also one of the major reasons for current economic slowdown apart from international economic conditions.   As it is clearly seen that the market has already observed the bottom out and is very much anticipated to witness steep hike in the coming days.   It is also to be noted that  banking sector has not shown any indication of break through.   Under these circumstances banking sector is over due to give sharp upward movement within few days.   The Nifty is expected to go up around 9200 ma...

The Indian Stock Market indicates improvement since opening up of economic activities in the entire country.   Lockdown 4.0 is a partial lockdown and many manufacturing and service sector, retail shops etc. have been allowed to start their businesses.   The domestic airlines and around 200 trains have also been allowed to start their functioning with some precautionary measures and restriction.   Many industries in New Delhi resumed their routines, the government offices and private sectors were allowed to operate with 50% officials in the entire country.    The sign of improvement has encouraged the stock market positively.   Nifty index is trading around 9040 mark and is expected to go in upward direction.   As you can also see in the chart on the right hand upside corner, the percentage of buyers are around 87% whereas the sellers are only 13%.   During the week end it is very much expected that Nifty might close around 9400 mark positiv...

For important data will impact the Dollar Index projection and will lead to fluctuation in the forex market Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.   This week Forecasted figure is 2400K as compare to previous figure of 2981K.   These data were released by Department of Labour. The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.   Released by Federal Bank of Philadelphia Forecasted figure – 41.5 whereas as compare to the previous figure of – 56.6 Impact on EUR EUR is trading at 1.1000 from 1.0980 is e...

For important data will impact the Dollar Index projection and will lead to fluctuation in the forex market Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.   This week Forecasted figure is 2400K as compare to previous figure of 2981K.   These data were released by Department of Labour. The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.   Released by Federal Bank of Philadelphia Forecasted figure – 41.5 whereas as compare to the previous figure of – 56.6 Impact on GBP Great Britain Pound is trading at...