FOMC Update

🔅FED raises rates by 75 bps point

🔅 Current rate stands at 1.5%-1.75%

🔅 First 75 bps point increase since November 1994

🔅Feb could also increase 75bps in July month.

🔅US 10Y Yield at 3.39 ( 3.40 before decision)

🔅US 2Y Yield at 3.35 (3.33 before decision)

🔅$Index at (105.08 before decision)

🔅EUR/USD at 1.0405

🔅GBP/USD at 1.2088

🔅USD/JPY at 134.45

🔅Fed sees rates at:
3.4% in 2022
3.8% in 2023
3.4% in 2024
2.5% in the "longer run"

🔅Fed expects 40bps of rate cuts in 2024, 90bps beyond 2024

Federal Reserve Press Release ☝️

Things to watch closely that wld Give mkt Road Map going Ahead

How Crude Moves

Behavior of $ Index

War Situation

Walls street sounds lounder for Recession aft Fed Rate hike -- Need to watch more closely

How Inflation is going in next 3 months - India & World wide

RBI Meet commentary

Reduction on Tariff by U.S on China

Monsoon Situation in India & it's ease on inflation if Any

SAKAR HEALTHCARE

8% 💚

179

16000 is 1st Stiff Resistance for Nifty

Only on close above that wld give strength 💪

NAVIN FLOURINE

CHECK

Even in last 15 days it has not corrected

Moving in specific Range only

Nifty & Sensex Hits NEW
52wk Lows

Nifty @ 15370 down 17.5% from 52wk High

Sensex @ 51524 down approx 17% From 52wk High

PRAJ INDS

💚 in Deep ❤️ Markets

CHLOR Alkali, Caustic Soda Players in Focus

World's second largest chlor-alkali, caustic soda player Westlake, US announces closing of plant

Critical processing equipment failure leads to sudden plant closure

Westlake plant to impact caustic soda, chlor-alkali availability

Stocks To Benefit

Gujarat Alkalies
MFL
GHCL
Tata Chemicals

Yest Gujarat Alkalies was Green in Deep Red markets

This was the Reason.....

There is a general consensus that india as an opportunity is not to be missed for the next 5 years.

But at the same time we are not sure whether bottom is at 15k or 14k or even below that?

No one can Time mkts nor No one can Say Exact Bottom all are just Probabilities

why would someone not invest now just because nifty might go down further

That probability miss out the rally from the bottom to 25000 or even more in next 4 to 5 years

Some 800 To 1000 points downside which no one is confident about vs 10000 point upside rally which majority of us are bullish if we believe in India Growth story

MFL

1195

PRAJ IND

MOVING SLOWLY....

Nifty @ 15184

Smallcap index 52wk High- 120047
Today's Low - 8150
52wk Low - 8150

Midcap Index 52wk High - 33243
Today's Low - 25703
52wk Low - 25703


Yest Accmulation was visible in few Stock where there can be huge growth in numbers going forward espically in FY23 Q1

Possible if this continue today & in next 2 to 3 days than there can be some Bounce of 6% To 8% in both index

Markets can't Fall one way....can give Bounce in between

Keep close watch #Plan Your Trade accordingly

PRAJ INDS

Screaming Buy

🔅Global leader in Ethanol plants & ESG

🔅Binder to blend ethanol
w/ diesel.
Diesel demand 88% to petrol 37%

🔅Special Aviation fuel

🔅Bitumen as Tar substitute to make roads

🔅Sugarcane molasses syrup

🔅 Global Tie up to blend Ethanol

🔅 20% Ethanol blend in India