Equity Market updates (stocks/index/nifty/banknifty)

#Nifty 23205......off day's low but strength still no visible. #RELIANCE 1272.20 #HDFCbank 737.10 #Infosys 1192 #TCS 2155 Trading near strong medium term supports levels.... Short-covering long due..... Next 2-3 trading session crucial. #largecap must start performing.

As mentioned on weekend, #Banknifty looks better placed. #Banknifty 54280 (-220 pts) Off day"s low. ...... Resistance 54400-54900. Strong if it takes out 54900 decisively....

Nifty all set for a gap-down......... Remember.. #RBI policy was better thsb expected. #GDP 7.7% another +ve trigger. Markets already down and relatively under-performed. Suppors 23000-23150 Intraday Resistance after gap-down....23340/23580 Let it stabilize......

#India 🇮🇳 #Giftnifty 23194 (100 pts recovery) #Indonesia 🇮🇩 #IDXComposite -2.13% (almost 2% recovery from day's low) #Rupiah hits fresh life lows against #dollar. Index at fresh 52-week's low. #HongKong 🇭🇰 #HangSeng -0.69% (almost 1% recovery from day's low) #Philippines 🇵🇭 #PSEiComposite -0.05% (Off day's low This week total focus on these mkts. #Reversal #trend

US, Japan, Korea and several global markets have rallied sharply in recent months. A pullback from overbought levels is not surprising. With the #Dollar #Index back below 100 and #crude still under $100, focus shifts to underperforming #EMs like India and Indonesia. Watching for signs of a strong reversal this week. #GiftNifty 23161 (Slightly better than Friday's close)

Global Markets:: #DowFut -53 pts (-0.10%) #S&P 500 +0.21% #Nasdaq +0.64% #Brent up 2.33% to $95.26 #dollar #index back below 100, currently 99.80 (-0.24%) #commodities:: (off day's low) #Gold +0.21% #silver -0.94% #copper 0.01% Asia: (off day's low #Nikkei -3.38% #Kospi -8.37% (From 8933.62 to 7477, kospi index still flat MoM)

Monday morning in Asia:: Iran launches missiles at Israel, shattering the fragile April ceasefire after Israeli strikes in Lebanon. Trump urges Netanyahu not to retaliate, saying a peace deal with Iran is close. "Netanyahu will have no choice but to accept the deal," Trump told the FT. Diplomacy or escalation? The next few days could be crucial.

Watch out. Next week could bring a sharp reversal in some of the worst-performing emerging markets. Selling pressure appears to be reaching a climax, with fear dominating sentiment and positioning becoming increasingly one-sided. Stay cautious, but don't ignore the possibility of a strong rebound in laggard #EMs.

Rupee at day's high....#USDINR 94.90 (-0.91%)

#Godrejprop 1708... Support zone 1600-1640 Hurdles 1780-1850. Trend reversal above 2000.

Concor 450 looks oversold. Can we see 500++ here......

#HDFCBank 749 Still unable to take out resistance 755-780..... Near support. Short-covering expected....... Major hurdle at 820. #investment bet...

#Reliance 1290. This clearly needs to perform. 1330-1380 near term hurdles. Currently near support

#Equity #investing is ultimately driven by two emotions — #greed and #fear. Right now, #emerging #markets such as India, Indonesia and several others are going through a phase of extreme fear and relentless selling. History shows that periods of maximum pessimism often create the foundation for the next recovery. Hold on. The turnaround could be closer than it appears. Just one rule: avoid leveraged positions. Volatility can test patience, but leverage can force mistakes. #investing #rule #Bullmarket

Equity #investors were hoping for relief. Instead, the government unveiled measures to make debt investments more attractive. Despite efforts to strengthen the #rupee and lower crude oil prices, equities remain under pressure. #Nifty down 0.40%. The market seems unimpressed by the policy support so far.

Banknifty.......today's high 54865.50 One last hurdle 54900......Major short covering above it. #Nifty needs to take out minimum 23580......

Stance- neutral

RBI policy rates Unchanged

#GDP data & Today's #RBI policy announcement In FOCUS..... #Nifty resistance zone 23580-23710 #Banknify resistance zone 54400-54900 Technicals looks slightly better, can we see BULLs back in action.......

Under-performing markets: #IDXcomposite (Indonesia) -2.49% (sharp volatile moves in last few trading sessions, #currency at record lows against #dollar) #HangSeng -0.80% #PSEicomposite (Philippines) +1.28% (relatively better week) Markets like #Korea/#Japan have seen strong performances on strong flows.