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Tuesday is over!โค๏ธ๐Ÿ’š
Did you have a good day today?
๐Ÿ‘Yes
โค๏ธVery
๐Ÿ‘ŽNo
๐Ÿ˜ Not trading today
๐Ÿ”ฅ Amazing
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Here is a list of economic events this week happening around the world that impact the financial market. We keep you ahead of the global cues!๐Ÿ“ˆ๐ŸŒ
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Good morning๐ŸŒผ The tug of war will begun.
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No๐Ÿ‘Ž
Veryโค๏ธ
Not at all๐Ÿ˜
Looking forward๐Ÿ”ฅ
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Thursday is here!โค๏ธ๐Ÿ’š
Are you excited for trading today?
๐Ÿ‘Yes
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๐Ÿ”ฅNervous about today
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What a morning to witness!๐Ÿ˜โ˜€๏ธ
A historic opening for Dalal Street as Sensex crosses 80,000 points for the very first time!
How do you feel about the same?
Great news๐Ÿ‘
Best newsโค๏ธ
Not very happy๐Ÿ‘Ž
This is just the beginning๐Ÿ”ฅ
So proud๐Ÿ‘
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The second last day of the week has ended๐Ÿ’š
Did the market perform as per your expectations?๐Ÿค”
Yes๐Ÿ‘
No๐Ÿ‘Ž
Totallyโค๏ธ
Amazing performance๐Ÿ‘
Didn't trade today๐Ÿ˜
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The end of the week is here! Are you excited for today?๐Ÿ˜
A lot โค๏ธ
Yes ๐Ÿ‘
No ๐Ÿ‘Ž
Very excited ๐Ÿ”ฅ
Don't care ๐Ÿ˜
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The final wrap of the week is here!
Were you happy with this week?
Yes๐Ÿ‘
Veryโค๏ธ
No๐Ÿ‘Ž
Waiting for the weekend๐Ÿ”ฅ
Really good week๐Ÿ‘
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What would you call yourself?๐Ÿ˜‚
A trader ๐Ÿ‘
A long-term investor โค๏ธ
Both ๐Ÿ”ฅ๐Ÿ‘
Not an investor, not a trader ๐Ÿ˜
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๐Ÿ’ซ Market Metrics: Weekly Roundup
โญ Sensex: 79,996.60 โฌ†๏ธ
โญ Nifty 50: 24,323.85 โฌ†๏ธ
โญ Nifty Bank: 52,660.35 โฌ†๏ธ
โญ Nifty Smallcap 100: 18,941.20 โฌ†๏ธ
โญ Nifty Midcap 100: 57,089.45 โฌ†๏ธ


โœจ Market Performance Key Takeaways For The Week
๐ŸŒŸ The Indian stock markets continued their bullish run, with the Nifty index rising for the fifth consecutive week, gaining 1.30% to close just above 24300. Mid-small caps and index heavyweights boosted market sentiment, despite the Nifty being technically stretched.
๐ŸŒŸ The market showed no signs of slowing, with key indices reaching new highs. Support levels for the upcoming week are at 24200 and 24000, while resistance lies around 24400 - 24500. Traders should secure profits regularly amid ongoing positive sentiment and sectoral rotation.
๐ŸŒŸ Bank Nifty had a volatile week, swinging both ways before ending at 52660, maintaining its three-week winning streak. Positive news from HDFCBANK midweek pushed the index to fresh highs, though it faced selling pressure later, indicating possible consolidation.
๐ŸŒŸ Looking ahead, Bank Nifty may consolidate due to overbought indicators and the upcoming earnings season. Support is seen at 52200 - 51900, with resistance at 53300 - 53400. The index's direction will be influenced by earnings results and overall market sentiment.
โ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆโ€ฆ
โœจ News Highlights For The Week
๐ŸŒŸ India's defence industry achieved record growth in 2023-24, with production rising 16.7% to Rs 1,26,887 crore, up from Rs 1,08,684 crore in 2022-23, according to the Ministry of Defence.
๐ŸŒŸ The Securities and Exchange Board of India (SEBI) has reduced the face value of debt securities from Rs 1 lakh to Rs 10,000 to encourage retail investor participation in the corporate bond market.
๐ŸŒŸ India's stock market has outperformed major emerging economies this year, with Indian indices rising nearly 10% in dollar terms, surpassing returns from markets in China, Japan, Hong Kong, the UK, France, and Canada.
๐ŸŒŸ As the Budget approaches, there's speculation about potential taxpayer benefits. One expected change is an increase in the standard deduction limit, which was last raised to Rs 50,000 in 2019. Experts suggest it might be increased to Rs 1 lakh per annum.
โ€”โ€”โ€”โ€”โ€”โ€”โ€”xโ€”โ€”โ€”โ€”โ€”โ€”โ€”
Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | The Print | NDTV Profit | Money Control | Money Control
Date: July 05, 2024
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Learn all about recognizing common candlestick patterns ๐Ÿ“ˆ

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Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice.
Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding, please refer to our detailed disclaimer - https://bit.ly/4aRMU0f
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