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November 8, 2021

The BSE sensex closed the shop at 60,545 UPby 477 points and the Nifty close the day at 18,083 byadding166points.

On the Upside:  Titan, IOC, Bajajfinsv, Ultracemco

On the downside-Indusindbank, Divislab, M&M, SBIN.


Tech View:-.We have witnessed in start of the session Equity markets were volatile on the first trading day of Samvat 2078. After hitting an opening high 60,434 BSE sensex setteld on 60545 ,Where; end of the market sessionThe NSE Nifty touched and closed  a day high of 18,083, The 50-share index eventually settled with a profit of 166 points, However; Nifty formed pin bar sort of Bullish candle on daily chart, We have seen good recovery from 20 day moving average , RSI and MACD indicates Positive signal, Hence; We may see buying from present level Going forward 17900-18000 will act as a strong support and 18100-18200 will stay as a strong resistance.


European & USA markets:  @ IST 4:40 European markets were trading atPositive note. Where the Germany’s DAX tradingNegative by 0.12 %, Other hand France’s CAC40 indexrunningPositiveby 0.19% where, England’s FTSE100 indexPositiveby 0.04%.

Where; wall street @ IST 04:40The DOW future contract tradingPositive69points, S&P 500 Future trading Positive  2.25 points, Where; Nasdaq100 futureNegative6.25 points.


Global News Analysis:


European Union finance ministers will on Monday discuss a surge in consumer prices, its impact on wages and changes they would like made to the bloc’s budget rules to support investment and reduce debt.Inflation rose 4.1% year-on-year last month in the 19 countries sharing the euro, up from 3.4% in September. Ministers are starting to worry that the rise might fuel stronger wage growth, creating an inflationary spiral.

Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain from the COVID-19 pandemic, a plan that would require issuing new debt, Kyodo news reported.

China :- China’s central bank will likely move cautiously on loosening monetary policy to bolster the economy, as slowing economic growth and soaring factory inflation fuel concerns over stagflation, policy sources and analysts said.

Japan cut its view on economic conditions for the first time in more than two years after the coincident indicator index extended its decline in September, falling to the lowest in a yea


SINGAPORE – Last time the Federal Reserve moved toward reducing bond buying, it triggered a rush of funds out of emerging markets. This time is different, investors say, as they lay bets on sparkling returns extending in some of Asia’s biggest developing economies.