Category: MarketBuzz

13 Sep

Economic Spotlight: IIP picks up, Growth remains constant

Inflation Sees A Marginal Uptick CPI inflation for August 2019 came in at 3.21% Y-o-Y, marginally higher than the 3.15% Y-o-Y seen in July 2019. While inflation has been continuously inching up since January 2019, the pace of increase seems to have slowed. Primary driver of the uptick was food inflation which stood at 3% […]

06 Aug

Morning Snippet for 6th August

Observation Index continues to make new lows, though closing above lower band of the falling channel. In last three trading sessions shadows have been longer with shorter body. Although this does not signify any reversal, it is the combination of candles which will signify pullback. Yesterday index also filled up its gap range 10790-10840. We […]

01 Aug

Morning Snippet for 01st August

Nifty view:- setup turning Bearish Nifty and Banknifty shed close to 6% and 7% respectively in July. It was the worst July month since 2013 monthly chart of nifty is currently showing triple negative divergence which indicates any pullback in index will be short lived. Trade:- Nifty did not close below 11080 thus long call […]

31 Jul

Axis Bank Ltd. | Q1FY20 Results Update | Strong operating performance

Strong operating performance, however, higher credit cost led to lower profitability; stable asset quality.    Deep Dive Analysis (Q1FY20)­­ ·         Axis Bank’s Q1FY20 results missed the PAT estimate due to higher credit cost aided by elevated slippage. Bank reported 13% growth in net interest income to INR 58.4bn, on back of stable margin and 13% […]

31 Jul

Morning Snippet for 31st July

Nifty view:- setup turning Bearish Nifty closed below 11100 and closed near to our stop loss level of 11080 for our Premptive trade. If index closes below 11080 risky traders are advised to close long position. Monthly chart analysis Now, looking at the monthly chart of nifty it is showing triple negative divergence which indicates […]

30 Jul

Morning Snippet for 30th July

Index View Positive Nifty saw some recovery yesterday after testing 200dma. Market is also showing intermarket divergence. Bank Nifty did not make any new low yesterday. Beside this Nifty tested our mentioned level of 11150 and made new low yesterday. A close above 11250 Such divergence within with strong breadth should now confirm bottom in […]

26 Jul

Morning Snippet for 26th July

Index View Rangebound Observation The index yesterday tried to show some strength in the first half of the day but reversed all its gains after facing resistance at 11350 and closed in red for sixth consecutive day As per our view, the july series expired at 11250 and haven’t showed any volatile move during the […]