MARKET BULLETIN for July 5
Global Markets: DOW & NASDAQ recovered from day's low in the last trading session and closed in green -> Strong momentum was observed in US markets
Charts of Dow and NASDAQ is extremely bullish and respecting all the levels.
Commodities: Crude crosses 110 again -> Bad for equity markets as geo-political tension continues to rise.
Currencies: USD/INR is holding onto 79 -> Bad sign
News in the market: RBI approves HDFC and HDFC Bank merger ( but professional traders never trade based on news as already explained in News based trading audio, refer the file section of the group for the audio file)
📈📉Nifty Levels
Trade with extreme caution today
From last one week, market is trading in a narrow 300 points range and testing the patience of traders.
Nifty has formed a good structure on lower time frame and momentum in U.S market can push Nifty higher. But this can also be a trap. I am still bearish on the market and will avoid any up move. Operator needs someone to buy so that they can again sell aggressively.
Bullish only above 15930 and in small quantity for a target of 16170
Bearish at the current levels for a target of 15760, 15720 and 15420 levels (positional)
📈📉 Bank Nifty Levels
Bullish above 34125 for a target of 34350
Bearish at current levels for a target of 33770, 33620, 33480
Global Markets: DOW & NASDAQ recovered from day's low in the last trading session and closed in green -> Strong momentum was observed in US markets
Charts of Dow and NASDAQ is extremely bullish and respecting all the levels.
Commodities: Crude crosses 110 again -> Bad for equity markets as geo-political tension continues to rise.
Currencies: USD/INR is holding onto 79 -> Bad sign
News in the market: RBI approves HDFC and HDFC Bank merger ( but professional traders never trade based on news as already explained in News based trading audio, refer the file section of the group for the audio file)
📈📉Nifty Levels
Trade with extreme caution today
From last one week, market is trading in a narrow 300 points range and testing the patience of traders.
Nifty has formed a good structure on lower time frame and momentum in U.S market can push Nifty higher. But this can also be a trap. I am still bearish on the market and will avoid any up move. Operator needs someone to buy so that they can again sell aggressively.
Bullish only above 15930 and in small quantity for a target of 16170
Bearish at the current levels for a target of 15760, 15720 and 15420 levels (positional)
📈📉 Bank Nifty Levels
Bullish above 34125 for a target of 34350
Bearish at current levels for a target of 33770, 33620, 33480
#MorningMarketWithOCTET ~ 6 July
🌞Good morning
🌍GLOBAL markets
🔴ASIA
🟢USA
🟢SGX NIFTY 34 ⬆️
FII & DII CASH ACTIVITY
🙂FIIS Net Buyers
🙁DIIS Net Sellers
Fiis F&O activity
FUTURES DATA
Net long 16% at from 14%
Net short 84% at from 86%
FIIs options data Which is Negative
⭐️Overall Fiis activity is Neutral
F&O BAN
Nill
Wish you a profitable day😀
🌞Good morning
🌍GLOBAL markets
🔴ASIA
🟢USA
🟢SGX NIFTY 34 ⬆️
FII & DII CASH ACTIVITY
🙂FIIS Net Buyers
🙁DIIS Net Sellers
Fiis F&O activity
FUTURES DATA
Net long 16% at from 14%
Net short 84% at from 86%
FIIs options data Which is Negative
⭐️Overall Fiis activity is Neutral
F&O BAN
Nill
Wish you a profitable day😀
STOCKS in ACTION 6 July
Shankar Lal Rampal Dye-Chem Ltd fixes record date for 2:1 bonus issue
Hindustan Foods Ltd fixes July 22, 2022 as record date for stock split
Shanti Educational Initiatives Ltd fixes July 22, 2022 as record date for stock split
Saianand Commercial Ltd Board recommends Sub-division of Equity Shares
Sungold Media and Entertainment Ltd to allot 60 lakh convertible warrants
Garden Reach Shipbuilders: Inks pact with West Bengal to build an electric ferry.
Rama Steel Tubes Ltd Board recommends Sub-division of Equity Shares
TATA POWER Signs MoU With Tamil Nadu Government For Setting Up Solar Plant
ONGC/Oil India/RIL: Crude oil rebounded above $100/barrel as banks including Goldman Sachs
said a plunge driven by fears a recession will hurt demand was overdone
10CL/BPCL/HPCL: Ethanol used for blending with petrol to the extent of 15% will be exempted from excise duty. Diesel blending will also be exempt up to 20%.
Acrysil Limited increases its dealer network from 1500 to 1880 PAN India
Tejas Networks Limited acquires 62.65% stake in Saankhya Labs Pvt Ltd
Biocon Biologics Receives EU GMP Certification for Its New Biologics Manufacturing Facility in Bengaluru
KPI Green Energy receives biggest order under CPP segment
J Kumar Infraprojects Ltd JV receives LoA from BMC for Rs. 342.60 crores order
Krsnaa Diagnostics opens diagnostics center at Moga, Punjab
Biocon: The company has received EU GMP certification for its new monoclonal antibodies drug substance manufacturing facility in
Bengaluru, following a GMP inspection in April 2022.
Marico: Mario expects "mid-single-digit" decline in domestic volume for the quarter ended June 30 as steep price hikes led to downtrading across two of its largest brands. #@octetview
Shankar Lal Rampal Dye-Chem Ltd fixes record date for 2:1 bonus issue
Hindustan Foods Ltd fixes July 22, 2022 as record date for stock split
Shanti Educational Initiatives Ltd fixes July 22, 2022 as record date for stock split
Saianand Commercial Ltd Board recommends Sub-division of Equity Shares
Sungold Media and Entertainment Ltd to allot 60 lakh convertible warrants
Garden Reach Shipbuilders: Inks pact with West Bengal to build an electric ferry.
Rama Steel Tubes Ltd Board recommends Sub-division of Equity Shares
TATA POWER Signs MoU With Tamil Nadu Government For Setting Up Solar Plant
ONGC/Oil India/RIL: Crude oil rebounded above $100/barrel as banks including Goldman Sachs
said a plunge driven by fears a recession will hurt demand was overdone
10CL/BPCL/HPCL: Ethanol used for blending with petrol to the extent of 15% will be exempted from excise duty. Diesel blending will also be exempt up to 20%.
Acrysil Limited increases its dealer network from 1500 to 1880 PAN India
Tejas Networks Limited acquires 62.65% stake in Saankhya Labs Pvt Ltd
Biocon Biologics Receives EU GMP Certification for Its New Biologics Manufacturing Facility in Bengaluru
KPI Green Energy receives biggest order under CPP segment
J Kumar Infraprojects Ltd JV receives LoA from BMC for Rs. 342.60 crores order
Krsnaa Diagnostics opens diagnostics center at Moga, Punjab
Biocon: The company has received EU GMP certification for its new monoclonal antibodies drug substance manufacturing facility in
Bengaluru, following a GMP inspection in April 2022.
Marico: Mario expects "mid-single-digit" decline in domestic volume for the quarter ended June 30 as steep price hikes led to downtrading across two of its largest brands. #@octetview