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January 13, 2022

The BSE sensex closed the shop at 61,235 UPby 85 points and the Nifty close the day at 18,257 by adding45 points.

On the Upside:- Tatasteel, Jswsteel, Sunpharma, Caolindia
On the downside-Wipro, Asianpaint, Hcltech, Hdfcbank

Tech View:- Morning Session, We have seen market have started day with strong positive note where; The BSE Sensex was up 111 points at 61,266 and the NSE Nifty was higher by 28 points at 18,240.because of global sentiment market have perform in tied range. As BSE made hit a high of 61,348 and made a low of 60950, eventually closed around 61235,Where; The Nifty50 hit a high of 18,272 and a low of 18,164 during the day. It ended at 18,257, up 45 points.

Indian Vix:- was down around 2.8% closed 16.70..

Sectoral, The BSE MidCap and SmallCap indices ended 0.4 per cent and 0.5 per cent higher, respectively. Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent.

Nifty have formed a Bullishpin bar sort candleon daily chart, Where we have seen market have shown good movement from bottom, this is the 5th consecutive day market have closed in green we may expect some profit booking from 18350 level as this level will act as a major resistance, therefore; 18350-18450 will act as a resistance and 18100-18000 will be act as a support.

European & USA markets: @ IST 5:15 European markets were trading at Negativenote. Where the Germany’s DAX tradingNegativeby 0.04 %, Other hand France’s CAC40 indexrunningNegativeby 0.58% where, England’s FTSE100 indexNegativeby 0.07%.
Where; wall street @ IST 05:20The DOW future contract trading Positive45points, S&P 500 Future trading Positive2.25 points, Where; Nasdaq100 future Positive6.75points.

Global News Analysis:

EUROPE- The euro zone’s inflation spike is not as transitory as earlier thought and price growth this year is at risk of exceeding projections, European Central Bank Vice President Luis de Guindos said on Thursday.
LONDON:-Oil prices steadied near 2-month highs on Thursday, withBrent crude trading near $85 a barrel buoyed by expectations that a strong economic recovery will boost demand, but rising U.S. inventories and high inflation capped gains.
RUSSIA -Russia said on Thursday that talks with the West had so far failed to bridge fundamental differences over the Ukraine crisis and Moscow’s demands that NATO pull back from central and eastern Europe.
INDIA-India’s Reliance Industries Ltd said on Thursday it would invest 5.95 trillion rupees ($80.49 billion) in green energy and other projects in the western state of Gujarat, as the conglomerate targets net-zero carbon emissions by 2035.
USA:-U.S. consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March.
ARGENTINA:-Argentina inflation likely rose back up to 3.6% in December, a Reuters poll of analysts showed, which would be the highest level since last April, driven by consumers splurging on festive feasts and holidays in the last month of the year