Dalal Street Daily

GLOBAL MARKETS •  U.S markets closed positive • DOW closed 200 points higher near the day high. • NASDAQ is bottoming out and moving higher. • U.S job data came out at 1 year low that lifted the sentiment in U.S. • S&P 500 VIX was down by 6% • European futures trading higher  • Asian markets have opened and trading in green. • NEKKEI is up 1.3 % • Kospi is up 0.5% • SGX indicating a positive opening • Crude Oil is below 60 • Bond prices started to spike again above 1.6 • Rupee is standing strong against dollar. • Dollar Index above 92 DOMESTIC MARKETS • Our Markets were different Yesterday  • Nifty and Banknifty was so volatile that option premiums roamed all over the chart. A difficult day for option sellers • Nifty was down by 120 points created a low of 14264 after breaking the monthly low which was unexpected. • Reliance came under selling pressure and broke psychological level of 2000. • HDFC Bank was under severe selling pressure though all other banking stocks ...

  GLOBAL MARKETS U.S markets ended up lower with huge volatality. NASDAQ underperformed. Dow closed flat S&P 500 Vix shot up 5%. S&P 500 VIX is up by almost 15% in two days. There were many worries which is pulling the markets lower. The rising interest rates, rising inflation, continuation of further lock down in Europe. European markets opened red but closed green. PMI data came out be satisfying. Bull markets climb the wall of worries & bull market corrections are fast and furious. we are in a bull market correction of 10-15 % with huge volatility is common in bull market. Crude Oil once again started to crawl above 63 $. Dollar Index is above 92 trading at 92.602 Most of the Asian markets have opened flat and trading negative but they are mixed following the U.S markets. SGX is trading flat @14550 DOMESTIC MARKETS Global and local cues are actually negative. Rising covid cases & uncertainty in the U.S markets are causing the havoc in Indian markets. Nifty option...

  GLOBAL MARKETS U.S markets closed lower All three bench mark indices closed near to 1% lower. Dow was trading flat for almost half of its trading session, and it started to swing towards the negative territory in the mid session. The speech given by the Powell was positive to the market but Janet Yelen speech had uncertainty and this triggered the selloff in U.S markets. Crude oil is sliding downwards because of fear on demand due to lockdown fears in europe. Dollar index rose Trading above 92 USD/INR is swinging between 72.2500 to 72.7500 U.S 10 Y is almost down by 2% in the morning. most of the asian markets are down. NEKKEI down by almost half a percent SGX down by 60 points in the morning and recovering slightly. S&P 500 VIX shot up 7.52% DOMESTIC MARKETS Yesterday our markets were highly volatile especially Banknifty. Banknifty up by 300 points then down 300 and again up by 600 then again down by 600 and then again up by 700 points. Though the Interest on interest case o...

  GLOBAL MARKETS U.S markets closed higher. Dow closed 100 points higher and NASDAQ outperformed by closing 1.23% higher. But there was some profit booking which was visible at higher levels. S&P 500 VIX fell for 10% and is below 18.88. Yesterday at one point of time Dow was down and NASDAQ was up but it managed to close higher. today the futures are in green territory trading flat. European futures are also trading flat. Most of the Asian markets have opened higher. Global markets are filled with positive sentiment. Talk of the Town U.S 10Y Bond Yield has been down about 2% since yesterday. Crude Oil is trading at 64$. Dollar Index is trading @ 91.828 which is below 92 good for emerging markets. Rupee is appreciating against dollar USD/INR : 72.380 SGX is up by almost 87 points from yesterday's closing, which indicates a positive opening. DOMESTIC MARKETS Nifty is expected to open gap up of 60-80 points and join hands with the global cues. Yesterday our markets were extremely ...

  GLOBAL MARKETS U.S. markets closed mixed. Dow closed 0.7% lower while NASDAQ outperformed The talk of the town Treasury yields has took some pause on Friday which lifted the positive market sentiment all over the world. U.S. 10 Y bond yield is down by 2% today, expect our markets to be even more volatile. S&P 500 VIX fell another 2.5 % on Friday. Crude oil has fallen more than 15% from the recent highs. Dollar Index is above 92 Rupee looks strong against dollar U.S futures and European futures are trading lower. Most of the Asian markets are down. Nikkei is down by 1% SGX is down by 35 points. DOMESTIC MARKETS Stock Market is all about Long, Long Unwinding, Short, Short Covering. On Friday Nifty managed to closed 180 points higher from 200 points negative. and all of this is because of short covering triggered at 14500 level. Our local cues are now strong because both FII & DII's are net buyers and DII's are not selling aggressively like before. But the short covering...

GLOBAL MARKETS • U.S markets gave up all the profits after DOW hitting All time High. • NASDAQ was weak from morning fell more than 3%. • S&P 500 VIX shot up 12%. • Markets all over the world are panicking for the rise in Bond yields. • 10 Y BOND yields shot up 2% & 2Y bond yields shot up 6%. • European markets opened flat snd managed to closed higher even though gvt is aiming for lockdowns. But that was the time in our Markets huge wave of selling pressure came. • Crude Oil prices have dropped more than 10% from it's recent highs. • Gold prices are rising in fear of Taper Tantrum effects. • USD/INR is strong INDIAN MARKETS • I have observing this from quite few days. Our markets are anti co-related to 10Y bond yield from the time when this fear has started. • Remember Economy is doing extremely good, a healthy corrections are going on which is good time to invest. • SGX Nifty is trading flat near 14500 levels near yesterday's low. • Most of the asian markets are down. ...