Shares_Bulls&Bears

💥Global-Market Insights💥 - The Dow and the S&P 500 slipped in choppy trading as Intel fell on a bearish brokerage report. - Intel fell 3.8% and was the biggest drag after Citi analysts cautioned that the chipmaker could pre-announce weaker than expected earnings for the Q2. - Dow -269 to 32911. - S&P -45 to 4116. - Nasdaq -89 to 12086. - Eight of the 11 major S&P sectors were lower. - Investors cautious ahead of ECB meeting, US retail inflation. - Brent crude surged to a 13-week high on rising US demand. - Global growth worries investment sentiment. - The US fin min Janet Yellen said the white house was looking to reconfigure tariffs on Chinese imports. - Yellen says that the inflation was high but it will be coming down. - China's finance ministry said it would allocate $49 Cr in the first batch of cash subsidies to airlines this year. - Retail car sales in China jumped 30% in May from April.

Good Morning All, The BSE Sensex declined 215 points to 54,893, while the Nifty50 slipped 60 points to 16,356 on June 8 and formed a bearish candle on the daily charts, continuing the downtrend for the fourth consecutive session, and adding more nervousness on the street. Key support and resistance levels on the Nifty and Nifty Bank As per the pivot charts, the key support level for the Nifty is placed at 16,262, followed by 16,167. If the index moves up, the key resistance levels to watch out for are 16,483 and 16,609. A moderate correction was also seen in Nifty Bank that fell 50 points to 34,946 on Wednesday. The important pivot level, which will act as crucial support for the index, is placed at 34,702, followed by 34,458. On the upside, key resistance levels are placed at 35,320 and 35,694 levels. US Markets U.S. stocks fell on Wednesday as Treasury yields rose above the psychologically important 3 percent level and oil prices jumped, fanning worries about inflation and the outlook for interest rates. The S&P 500 ended down more than 1% in the broad sell-off, snapping a two-day winning streak. Shares of Intel Corp slid 5.3 percent and was the biggest loser of the day. This was after Citi cut its estimates on the chipmaker for the second time in a week. Citi is of the opinion that uncertainty about the demand for personal computers could lead the company to pre-announce weaker-than-expected earnings for the second quarter. This impacted shares of other chipmakers which also fell. The Dow Jones Industrial Average fell 269.24 points, or 0.81%, to 32,910.9; the S&P 500 lost 44.91 points, or 1.08%, to 4,115.77; and the Nasdaq Composite dropped 88.96 points, or 0.73%, to 12,086.27. Asian Markets Shares in Asia-Pacific were mixed in Thursday morning trade likely impacted by the cues from the US markets. The Nikkei 225 in Japan held close to the flatline in early trade and was up marginally by 0.09 percent, while the Topix index was also trading flat. In South Korea, the Kospi slipped 0.6 percent. Australia’s S&P/ASX 200 declined fractionally. SGX Nifty Trends on SGX Nifty indicate a negative opening for the broader indices in India with a loss of 79.5 points. The Nifty futures were trading around 16,285 levels on the Singaporean exchange. FII and DII data Foreign institutional investors (FIIs) have net sold Rs 2,484.25 crore worth of shares, whereas domestic institutional investors (DIIs) remained net buyers, to the tune of Rs 1,904.33 crore worth of shares on June 8, as per provisional data available on the NSE.

💥Global Updates💥 - This morning's global cues anticipate some short covering, as US futures and Friday's close show. - However, investors are hoping for further information from the Fed. - According to Goldman Sachs, the US economy is at risk of entering a recession. - This year's US growth predictions have been lowered to 2.4 percent from 2.6 percent, while the firm's 2023 growth estimate has been lowered to 1.6 percent from 2.2 percent. - This week, the focus will be on retail sales, housing data, and speeches by various Fed officials Walmart, Home Depot, JD com, Target, and Lowe's will all release earnings reports. - Crude prices jumped to $112. - Both Finland and Sweden will join NATO.

Good Morning All, The market is expected to open in the green as trends in SGX Nifty indicate a positive opening for the broader index in India with a gain of 40 points. The BSE Sensex lost nearly 1,000 points from the day's high to close with 137 points down at 52,794, and the Nifty50 failed to hold on to the psychological 16,000 mark, down 26 points at 15,782, and formed bearish candle on the daily charts on Friday. Key support and resistance levels on the Nifty and Nifty Bank As per the pivot charts, the key support level for the Nifty is placed at 15,654, followed by 15,526. If the index moves up, the key resistance levels to watch out for are 15,997 and 16,212. Nifty Bank fell more than one percent or 411 points to close at 33,121 on Friday. The important pivot level, which will act as crucial support for the index, is placed at 32,752, followed by 32,383. On the upside, key resistance levels are placed at 33,746 and 34,371 levels. US Markets Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession. Gains were led by a rebound in mega-cap tech and tech-adjacent stocks, which sold off in recent sessions as benchmark Treasury yields climbed and investors worried the Fed might hike interest rates more aggressively than expected. The Dow Jones Industrial Average rose 466.36 points, or 1.47 percent, to 32,196.66, the S&P 500 gained 93.81 points, or 2.39 percent, to 4,023.89 and the Nasdaq Composite added 434.04 points, or 3.82 percent, to 11,805.00. Asian Markets Shares in the Asia Pacific rose on Monday as investors watched for a slew of Chinese economic data. Japan’s Nikkei 225 gained 1.54 percent, while the Topix advanced 0.93 percent in early trading. The Kospi in South Korea rose 0.46 percent, and the Kosdaq was 1.43 percent higher. In Australia, the S&P/ASX 200 climbed 0.73 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.33 percent. SGX Nifty Trends in SGX Nifty indicate a positive opening for the broader index in India with a gain of 40 points. The Nifty futures were trading around 15,812 levels on the Singaporean exchange.

💥Global-Market Insights💥 - Dow -104 to 31730. - S&P -5.10 to 3930. - Nasdaq +6.73 to 11371. - Fed Chair J. Powell reaffirmed that the bank is likely to raise interest rates by a half percentage point at each of its next 2 meetings while leaving open the possibility it could do more. - Powell warned that bringing inflation under control could cause some economic pain, but that it is still his top priority. - Powell said he couldn't guarantee a "soft landing" for the economy. - US currency is strengthening day by day, with the Dollar index now at $104.77. - Brent Crude oil is at $108.

Good Morning All, The Indian stock market is expected to open higher as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 170 points. The BSE Sensex fell 276 points to 54,088, while the Nifty50 declined 73 points to 16,167 and formed bearish candle which resembles Hammer kind of pattern on the daily charts. Key support and resistance levels on the Nifty and Nifty Bank As per the pivot charts, the key support level for the Nifty is placed at 15,682, followed by 15,556. If the index moves up, the key resistance levels to watch out for are 15,988 and 16,168. The selling pressure continued in banking stocks as the Nifty Bank plunged 1,161 points or 3.35 percent to 33,532 on Thursday. The important pivot level, which will act as crucial support for the index, is placed at 33,106, followed by 32,680. On the upside, key resistance levels are placed at US Markets U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve. All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3. When the dust settled, the S&P and the Dow ended modestly red, but the Nasdaq eked out a modest gain. The Dow Jones Industrial Average fell 103.81 points, or 0.33%, to 31,730.3, the S&P 500 lost 5.1 points, or 0.13%, to 3,930.08 and the Nasdaq Composite added 6.73 points, or 0.06%, to 11,370.96. Asian Markets Asian shares found some footing after a volatile session for U.S. equities, but the dollar remained at 20-year highs and global stocks near 18-month lows on worries about persistently high inflation and tightening central banks. Those worries ultimately overcame hopes on Wall Street that high inflation might be peaking, pushing the S&P 500 close to confirming a bear market on Thursday, at nearly 20% off its January all-time high. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.15%, trimming its losses for the week to around 3.5%. Australian shares were up 1.56%, while Japan's Nikkei stock index jumped 2.62%. In China, the blue-chip CSI300 index was up 0.92% and Hong Kong's Hang Seng rose 1.8%. SGX Nifty Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 170 points. The Nifty futures were trading around 15,987 levels on the Singaporean exchange.

💥Global-Market Insights💥 - US market sell-off continues. - US inflation slows but remains above projections. - Crude oil prices have recovered to around $110 a barrel. - A crypto crash has triggered a panic. - The WHO has angered China. - Dow -327 to 31834. - S&P -66 to 3935. - Nasdaq -373 to 11364. - Apple fell more than over 5%, losing its place as the world’s most valuable company to Aramco. - Bitcoin fell below $29,000, TerraUSD stable coin collapsed. - Oil prices rose after falling about 10% in the previous two days, boosted by supply fears as Russian gas exports to Europe plummeted and the EU worked on an embargo on Russian oil. - The US inflation fell to 8.3% from 8.5%, as the surge in used car prices drop. - Core CPI rose 0.6% on the month, rather than the 0.4% expected. - This suggests that the recent trend in inflation is hardly improving, if at all.

Good Morning All, The Indian stock market is expected to open in the red as trends in the SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 149 points. The BSE Sensex fell 276 points to 54,088, while the Nifty50 declined 73 points to 16,167 and formed bearish candle which resembles Hammer kind of pattern on the daily charts. Key support and resistance levels on the Nifty and Nifty Bank As per the pivot charts, the key support level for the Nifty is placed at 16,000, followed by 15,833. If the index moves up, the key resistance levels to watch out for are 16,326 and 16,486. Nifty Bank extended gains for yet another session and outperformed the broader space, rising 210 points to close at 34,693 on Wednesday. The important pivot level, which will act as crucial support for the index, is placed at 34,293, followed by 33,893. On the upside, key resistance levels are placed at 34,943 and 35,193 levels. US Markets Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. US equity indexes hadtraded higher and lower during the volatile session as investors picked through US inflation data for clues about the Federal Reserve's rate hiking path. The Dow Jones Industrial Average fell 326.63 points, or 1.02 percent, to 31,834.11, the S&P 500 lost 65.87 points, or 1.65 percent, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18 percent, to 11,364.24. Asian Markets Shares in Asia-Pacific declined in Thursday morning trade following overnight losses on Wall Street — after data showed the consumer price index stateside in April remaining near the highest level in more than 40 years. The Nikkei 225 in Japan fell 1.57 percent. The Topix index shed 1 percent. In South Korea, the Kospi traded 0.86 percent lower. Australian stocks also declined as the S&P/ASX 200 dipped 0.22 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.44 percent lower. SGX Nifty Trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 149 points. The Nifty futures were trading around 16,018 levels on the Singaporean exchange.

Good Morning All, The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the broader index in India with a loss of 88 points. The BSE Sensex fell 365 points to 54,471, while the Nifty50 slipped 109 points to 16,302 and formed a bullish candle which resembles the Spinning Top kind of pattern formation on the daily charts, indicating indecisiveness among bulls and bears. Key support and resistance levels on the Nifty and Nifty Bank As per the pivot charts, the key support level for the Nifty is placed at 16,161, followed by 16,021. If the index moves up, the key resistance levels to watch out for are 16,423 and 16,544. Nifty Bank fell 316 points or 0.9 percent to close at 34,275 on Monday. The important pivot level, which will act as crucial support for the index, is placed at 33,950, followed by 33,625. On the upside, key resistance levels are placed at 34,577 and 34,879 levels. US Markets The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates. The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the S&P 500. Microsoft Corp dropped 3.7% and Tesla Inc fell 9.1%. The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021. The Nasdaq Composite dropped 521.41 points, or 4.29%, to 11,623.25 Asian Markets Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8%, falling for a seventh straight session and extending declines to 17% so far this year. Across Asia, share indexes were a sea of red. The Nikkei lost 0.9%, Australian shares shed 2.5% and Korean stocks lost 2%. SGX Nifty Trends on SGX Nifty indicate a negative opening for the broader index in India with a loss of 88 points. The Nifty futures were trading around 16,203 levels on the Singaporean exchange.