Nifty near 16700. After two days of losses, benchmark indices bounced back, closed in green today.
Windfall tax on export of crude oil rolled back. Nifty above 16500, led by gains in shares of oil companies. What’s next?
Nifty above 16200. The big question is if it can maintain above 16200 levels? Though all ingredients are there to take Nifty at 16500-16600 levels.
Nifty below 16000. Rupee at record low against dollar and inflation concerns keep the bulls at bay. As all eyes are on rising dollar and inflation.
Market at a standstill. After a firm start to the month of July, the earnings season began on a downbeat note today, owing to a drop in TCS share prices.
DII keeps momentum going. The FII turned net sellers today. With no major economic data due in the next few days, the market is expecting better Q1 results.
FII were net buyers and FII buying lifted the market sentiments. Whether today’s FII action is an outlier and how long they will continue to buy?
Windfall tax on oil imposed by government. The narrative of rising dollar-higher inflation-rising interest rate continues. What’s next?
With no major swings in the last three trading sessions, it appears the market is braking to go faster, although in which direction remains to be seen.
Nifty Up, down and up. In the current scenario, even minor positive news can cause large swings. Trading strategy with proper stop loss is the best bet.