Good Morning all.
Markets have opened above value and at the top of their range of yesterday.
Value high at 5442 should serve as a support ( if reached) and 5485 is a ref level to watch for hourly momentum.
Globally, we are watching copper move higher and the yen lower to further document risk acceptance in equities. Catch viren’s post here for more details.
It’s been a dip buyer’s environment for the past three months, with yesterday’s grind and bump up in the close giving further evidence.
On the BN watch if 10420 holds for further up moves.
Values : 5443-5433-5424 in the Nifty and 10419-10397-10376 in the BN.
Chart of AUD/ JPY from last week :
Viren had posted this chart over the weekend. Here is the updated chart as of Now.
Notice the sharp rise at 2.20 IST yesterday.
Does it ring a bell?
All major markets closed up yesterday
yes it is very stock specific action.
It’s a pity we lost out on ACC, but the stock looks to be balancing and ready to run higher.
Bharat forge is another one ready to run.
SBI, tata motors, hcl tech, infy great stories.
Activity in IT sector. Energy holding on.
It’s a market of stocks..