Andrews

Nifty all time high  By Andrews Joseph Nifty has opened with a big gapup today of more than 70 points breaking all the resistance level and Infact no resistance level as of now. Opened with all time high and closed with all time high. Last time the rally was led by few stocks and sector but this time the rally was even across all sectors except IT stocks, which I have mentioned in my previous blog that IT stocks are slightly over valued. Important sectors which is noticed to be banking sectors which has made a surprise rally despite of growing NPA concerns, next quarterly result will be crucial as to see which bank has taken measures to curb the NPA ,as per my previous blog you can notice that I have mentioned that banknifty will help nifty to cross All time high. And bank nifty is trading at resistance zone. Midcap and small cap stocks has start to perform especially midcap stocks, which will be a sign of relief for retailers those who have invested in midcap stocks and their port...

MARKET GLIMPSE FOR THIS WEEK   By Andrews Joseph  Nifty has broken all the resistance level and Important level of 15,962 on 3rd Aug 2021 and kept a non stop rally and closed at all time high of 16529 on Friday. The rally is not even across all sectors hardly around 8 to 10 stocks which contributed to the rally. Bank nifty is yet to make all time high as growing concerns of npa's in some banking stocks. Let us see how banking stocks perform coming weeks. If it continued to move up it may help nifty to hit all time high again. Midcap and small cap stocks are underperforming especially auto and pharma sectors. When it comes world indices American markets such as S&P 500 , Nasdaq and Dow ended in positive. European market especially Dax German market has bounced sharply. Important events for nextweek Monday 16th August we have Japan GDP data will be released before our market open, Tuesday UK unemployment data and Euro GDP data and most important event is US FOMC MINUTE...

GOLD PRICE ANALYSIS FOR THE MONTH OF AUGUST 2021 AND UPCOMING DAYS BY ANDREWS JOSEPH After a significant sell of in June we did see the price of gold recovered in July. But again on 5 th August last Friday huge single day sell off and made a low 1758$. It will be interesting to see how it perform in coming days since it is last high made in the month of August 2020 last year 2075$. A good base was made and has traded in tight range in the month of March and made a double bottom and the price was almost 10% down since then. The reason for significant drop on Friday is the U.S unemployment data released on Friday which is positive for Dollar index and negative for precious metal. And the other reason is if we look at the US stock market indices like S&P 500 , Dow and Nasdaq composite continuously hitting all time high. Even when they correct it has bounced back strongly. Of course this will change in 2 nd half of this year and gold will move up as investors remain cautious and ...