Dow closes 300 pts higher with tech firms leading the way
United States stock markets ended the last session of the week with strong gains, as tech companies surged afterĀ fourth-quarter earningsĀ results byĀ NetflixĀ surpassed expectations and seemingly sparked more demand for growt......read more
FPIs dump Indian IT stocks worth ā¹72k crore in 2022 over recession fears. In place of IT they buy metals , mining , constriction and oil & Gas stocks during the year
Sectors making Bearish Engulfing pattern in monthly chart
Longs beware. Do not jump in Longs without double confirmation. Use Downside to add strong fundamental stock in portfolio but wait for reversal confirmation
Now major hurdle in #NIFTYIT is 29k, we have booked early profits in this move, and wait for further breakout in market. Less optimism is good optimism in current set up.
FED Policy decision explained. Consider the hawkish action, #NIFTYIT likely see resume of downtrend albeit, with slower fall. And more consolidation likely ahead of holiday season in #NIFTY50 and #NIFTYBANK as market now waited for ECB & BOE move today and further economic data.
IT stocks have seen a sharp correction this year on fears of demand slowdown for IT services amid global macro uncertainties. The Nifty IT index is down 22% this year as compared to 7% rise in the broader Nifty50 index. #NIFTYIT
Nifty IT has given a breakout from Double Bottom , it may require a Retest which will give Bull a chance to relax and dump impatient investor/trader & none of the day is better than FRIDAY to have a roller coster all round.
DXY has rested on its bottom channel as of no......read more