Market Glimpse For upcoming Days

By Andrews Joseph 

1. Nifty has broken the resistance level of 15914 and touched all time high. Uptrend started is it?. May be no as of now.

2. US index S&P 500, Nasdaq, Dow industrial and transportation ended red yesterday as well as European market.

3. Inflationary fears grip US market .need to see how fed is reacting on the same on coming days.

4. SGX nifty ended 100 points down 15820 yesterday on global cues. As against our nifty index 15923.

5. Though the quarterly result of infosys is good but the stock is almost down by 1.60%. 

6. HDFC is posting their q1. Result today.

7. Metal and textile sector has performed well in the recent days. Sail has formed symmetrical triangle pattern. Again Depends on how markets reacts on Monday

8. Immediate support level for nifty is between 15787 and 15763.which will act as crucial levels.

9. Gold and Silver ended on negative note. Good time to accumulate 

10. Chances are high that market will be highly volatile on next few days and gap down opening may happen on monday.

Observation: we can plot that whenever earning result comes out in IT Sector. Profit booking is happening.  But that doesn't guarantee that it will happen in future also.

On the whole keep your portfolio hedged, manage your risk and positional sizing.

Thank you 

Disclaimer: This content is only for training and educational purpose. We don't recommend anyone to trade or invest based in the above information. Please consult your financial advisor.