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2022-08-30 16:40:52 Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Tuesday, August 30th 2022.

Nifty bounces back as traders eye the buying opportunity.

# Nifty (+446, 17759).
# Sensex (+1564, 59537)

The good news is that Nifty snapped its two-day losing streak which were primarily ignited by hawkish comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole economic conference last Friday.

The positive takeaway judging by Nifty’s spectacular close is that the benchmark and many a momentum stocks have reversed the pessimism course after the famous Jackson Hole sell-off.

Nifty clocked its biggest intra-day gain since May 20, surging 446 points, or 2.58%, to close at 17,759. All sectoral indices and also all the Nifty 50 stocks ended in the green.

Bank Nifty ended 3.25% higher as against Nifty’s gains of 2.58%. Nifty Reality index was star outperformer, up 3.34% Interestingly, Nifty IT index too bounced back, up 2.58%.

# Nifty’s Major Gainers: BAJAJ FINSERV (+5.42%) BAJAJ FINANCE (+4.99%) INDUSIND BANK (+4.33%)

# Adv-Dec 50 —— 0
# Nifty PCR 1.46
# BANK NIFTY PCR 1.23
# INDIA VIX 18.70 (-5.66)
# Nifty MidCap (+1.89%, 8553)
# NiftySmallC (+1.24%, 9620)
# BANK Nifty (+3.29%, 39235)
# Nifty IT (+2.5%, 28393)
# USD/INR (-0.65%, 79.43)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR THURSDAY’S TRADE:

# Our markets will remain closed on Wednesday, 31st August on account of Ganesh Chaturthi.

Technically speaking, all bullish eyes now will be on Nifty’s psychological 18,000 mark and then the next goalpost is at 18605 mark. Nifty line on the sand is at 17421 mark.

Amongst stocks, looking attractive on buy side are ASHOK LEYLAND, CONCOR, RELIANCE, TATA POWER, CANRA BANK and TATA STEEL with an interweek perspective.

ALL ABOUT NIFTY:
Support: 17611/17421
Resistance: 18115/18605
Range: 17601-1800
21 DMA: 17559
50 DMA: 16695
200 DMA: 16975
Trend: Positive

BULLISH LOOKING STOCKS:
# SRF
# TATA CONSUMER
# ASHOK LEYLAND

BULLISH LOOKING STOCKS (LONG TERM):
# BANK OF BARODA
# TATA STEEL
# AARTI INDUSTRIES

BEARISH LOOKING STOCKS:
# BIOCON
# GLENMARK
# LALPATH LABS

STOCKS TO AVOID:
# FSL
# MOTHERSON SUMI
# IPCA LAB


Stay Tuned.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks. Open / Comment

2022-08-30 06:09:27 See how the market will perform



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2022-08-30 06:09:21 Open / Comment

2022-08-30 06:08:31 Riddhi Siddhi Share Brokers Morning Action @ 7am – Tuesday, August 30th 2022

Overnight, Wall Street ends lower for 2nd day in a row as the trading theme revolves around forcing the inflation genie back into the bottle.

Well, the effects of Fed Chair Powell's hawkish Jackson Hole speech lingered Monday as bulls clearly struggled - as the Fed is serious about fighting inflation.

RIDDHI SIDDHI SHARE BROKERS 7am GLOBAL UPDATE:
# Dow: (-184, 32099)
# Nasdaq (-124, 12018)
# Bovespa (+24, 112323)

# SGX Nifty: (+62, 17443)
# Dow Futures (+55, 32130)
# Nikkei (+203, 28083)
# Hang Seng (+39, 20063)


RIDDHI SIDDHI SHARE BROKERS WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:

# The Nasdaq Composite plummeted 1.0% at 12,017. The S&P 500 Index fell 0.7% to 4,030 and the Dow Jones Industrial Average gave back 0.6% to 32,098.

# WTI crude oil rises to $93 per-barrel as Saudi warns of OPEC Output cut.

# The small-cap Russell 2000 fell 0.9% to 1,882.

# Bitcoin fell 2.6% to $20,101.84.

# Gold futures posted a marginal loss to end at $1,757.90 an ounce.

# The U.S. Treasury yields jumped again in yesterday’s trade. Blame it to Powell’s speech. The 2-year/10-year yield curve remained inverted at around 35 basis points, a key recession warning.

Benchmark 2-year Treasury note rose to 3.419%, while 10-year notes were pegged at 3.121%.

# The ‘King US Dollar index’ hovers at 108.75 levels - its 20-year high are placed at 109.25.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Open / Comment

2022-08-29 13:53:23 Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Monday, August 29th 2022.

Its sea of red at Dalal Street as Fed choses inflation flight over growth.

# Nifty (-246, 17313).
# Sensex (-861, 57973)

Nifty plunged and ended deep in red as bears were seen in total control after Jerome Powell at his Jackson Hole appearance mentioned that interest rates may continue to rise to combat inflation.

Powell also stated that failure to restore price stability would mean far greater pain.

Meanwhile, RIL’s AGM announcement to roll out 5G services across Mumbai, Delhi, Kolkata by Diwali 2022 too failed to light up sentiments. RIL ended 1.10% lower.

The only positive take away was that the USD/INR was trading flat after spiking to 80.13 in morning trade.

Amongst sectoral indices, for the day, Bank Nifty ended 1.68% lower as against Nifty’s losses 1.27%. Meanwhile, Nifty IT index was major underperformer, down 3.40% followed by Nifty Media, down 2.18% while the only gainer was Nifty FMCG index, up 0.53%.

# Nifty’s Major Gainers: BRITANNIA (+1.72%) MARUTI (+124%) NESTLE (+0.91%)

# Nifty’s Major Losers: TECH MAHINDRA (-4.49%) INFY (-3.79%) WIPRO (-2.89%).

# Adv-Dec 12 —— 38
# Nifty PCR 1.46
# BANK NIFTY PCR 1.17
# INDIA VIX 19.82 (+8.83%)
# Nifty MidCap (-0.91%, 8401)
# NiftySmallC (-0.89%, 9511)
# BANK Nifty (-1.82%, 38277)
# Nifty IT (-3.40%, 27718)
# USD/INR (+0.01%, 79.96)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR TUESDAY’S TRADE:

Technically speaking, Nifty line on the sand is at 17161 mark. In case of Nifty ‘s major support at 17161 mark collapses, the next big support seen only at 16911 mark.

For Tuesday’s session, Nifty’s major hurdles are at 17507 mark. Buying advised only above 17757 mark.

ALL ABOUT NIFTY:
Support: 17161/16911
Resistance: 17507/17757
Range: 17150-17500
21 DMA: 17519
50 DMA: 16646
200 DMA: 16995
Trend: Neutral.

BULLISH LOOKING STOCKS:
# AARTI INDUSTRIES
# TATA CONSUMER
# CONCOR

BULLISH LOOKING STOCKS (LONG TERM):
# BANK OF BARODA
# GRSE
# COAL INDIA

BEARISH LOOKING STOCKS:
# BIOCON
# GLENMARK
# VOLTAS

STOCKS TO AVOID:
# FSL
# MOTHERSON SUMI
# IPCA LAB


Stay Tuned.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks. Open / Comment

2022-08-29 08:03:12 Stock Market Report - RSSB Week ahead (29 Aug - 2 Sep, 2022)

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2022-08-29 07:07:37 See how the market will perform



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2022-08-29 07:07:32 Open / Comment

2022-08-29 06:20:20 Riddhi Siddhi Share Brokers Morning Action @ 7am – Monday, August 29th 2022

Wall Street tumbles in Friday’s trade. Dow falls 1008 points.

The negative catalyst: Jerome Powell at his Jackson Hole appearance mentions that interest rates may continue to rise to combat inflation. So, expect growth to take a backstage and should keep markets volatile in the face of economic suffering.

RIDDHI SIDDHI SHARE BROKERS 7am GLOBAL UPDATE:
# Dow: (-1008, 32283)
# Nasdaq (-498, 12142)
# Bovespa (-1233, 11299)

# SGX Nifty: (-319, 17341)
# Dow Futures (-243, 32020)
# Nikkei (-802, 27839)
# Hang Seng (-210, 19960)

RIDDHI SIDDHI SHARE BROKERS WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:

The Nasdaq Composite plummeted 3.9% to 12,141, the S&P 500 Index slumped 3.4% to 4,057, and the Dow Jones Industrial Average surrendered 3.0% to end at 32,283.

# WTI crude oil rises to $93 per-barrel as Saudi warns of OPEC Output cut.

# The small-cap Russell 2000 dropped 3.33% to 1,899.

# Bitcoin fell 4.5% to $20648.

# Gold futures fell 1.2% to $1,749.80 an ounce.

# The U.S. Treasury yields jumped after Powell’s speech. The 2-year/10-year yield curve remained inverted at around 35 basis points, a key recession warning.

Benchmark 2-year Treasury note rose to 3.38%, while 10-year notes were pegged at 3.03%.

# The ‘King US Dollar index’ spikes to 108.85 levels - its 20-year high are placed at 109.25.

# Euro below Parity. The Euro continues to trade below $1, the lowest level since late 2002, dragged down by recession concerns, the ongoing energy crisis and prospects the Fed will continue to raise interest fast.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks. Open / Comment

2022-08-27 08:13:42 Happy Weekend Investors & Traders.
Spend time with your friends and family!

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