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January 18, 2022

The BSE sensex closed the shop at 60,754DOWNby 554 points and the Nifty close the day at 18,113 byLoosing195 points.

On the Upside:- Axis Bank, Icici Bank, Hdfcbank, Drreddy
On the downside-Maruti, Tataconsmer, Ultracemco, Eichermotor

Tech View:- Morning Session, We have seen Market have started on positive note dure to global cues, Whree; early session,The BSE Sensex was up 120 points at 61,429, while the NSE Nifty was at 18,334, higher by 26 points. Later session market have loos the gaind and tumbled to Intra day low BSE had made a Intra low 60662, and Nifty made a low 18086. Eventually ended the BSE index tumbled 554 points, or 0.9 per cent, to end the day at 60,754. The Nifty50, on the other hand, closed at 18,113, down 195 points or 1 per cent.

Indian Vix:- was UP around 6% closed 17.78.

Sectoral, the BSE MidCap and SmallCap indices fell 2 per cent each, Nifty Realty down 2.4 per cent, and Auto and Metal indices down 2 per cent each, ended in the red.

Nifty have formed a Bearishcandleon daily chart, as per last forecast we have seen market did not crossed the said level which is 18350 which put the market in to selling pressure resulted today we have seen market have reach to our support zone which is 18000, hence; going forward 18000 will be acting as a major support therefore; 17900-18000 will be acting as a support zone and 18250-18350 will be acting as a resistance. RSI has reach close to 60 mark still shows overbought zone and MACD showing neagtive trend.

European & USA markets: @ IST 4:50 European markets were trading at Negativenote. Where the Germany’s DAX tradingNegativeby 1.18%, Other hand France’s CAC40 indexrunningNegativeby 1.14% where, England’s FTSE100 indexNegativeby 0.67%.
Where; wall street @ IST 04:50 The DOW future contract tradingNegative262points, S&P 500 Future trading Negative53points, Where; Nasdaq100 futureNegative282points.

Global News Analysis:

CANADA- Canadian restrictions to tackle COVID-19 will likely come at a cost of slower economic growth at the start of the year than in the United States, but that has not stopped investors from raising bets the Bank of Canada will hike interest rates next week.
SINGAPORE:-China’s diesel exports in December sank to their lowest monthly level since March 2015, bringing the 2021 total to the lowest since 2016 at 17.21 million tonnes, data showed on Tuesday.
LONDON:-Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.
LONDON-British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
HONGKONG:-The yen stumbled on Tuesday as U.S. Treasury yields rose to new near two-year highs and the Bank of Japan stressed its resolve to maintain ultra-loose monetary policy, though firmer yields did little for the greenback against other currencies.
LONDON:-Ukrainian sovereign dollar bonds tumbled into distress territory and Russian bonds suffered sharp falls on Monday as fears of another Russian military foray into Ukraine showed no sign of easing.
AUSTRALIA:-Australia suffered its deadliest day of the pandemic on Tuesday as a fast-moving Omicron outbreak continued to push up hospitalisation rates to record levels, even as daily infections eased slightly.