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November 9, 2021

The BSE sensex closed the shop at 60,433Downby 112 points and the Nifty close the day at 18,051 byloosing16points.

On the Upside: M&M, Tatamotors, Heromotoco, SBIN
On the downside-Britania, HDFCbank, NTPC, HDFC.

Tech View:-.Today we have witnessed narrow range of trading in which The BSE Sensex touched a high of 60,670 in morning session after that it fall to a low of 60,214 down 457 points from the day’s high, and finally ended 112 points lower at 60,433. Where in the NSE Nifty from a high of 18,113 fall to a low of 17,983 and finally settled with a loss of 16 points at 18,051. However; Nifty formed Doji bar sort of Bearish candle on daily chart, We have seen good recovery from 20 day moving average, Going forward 17900-18000 will act as a strong support and 18100-18200 will stay as a strong resistance.

European & USA markets: @ IST 4:00 European markets were trading atPositive note. Where the Germany’s DAX tradingPositive by 0.18 %, Other hand France’s CAC40 indexrunningPositiveby 0.22% where, England’s FTSE100 indexPositiveby 0.13%.
Where; wall street @ IST 04:00The DOW future contract tradingNegative8points, S&P 500 Future trading Positive 2.75points, Where; Nasdaq100 futurePositive31.50points.

Global News Analysis:

USA:-The dollar edged lower in early European trade Tuesday, drifting ahead of the release this week of key U.S. inflation data to guide the Federal Reserve’s interest rates outlook.
China :-Kaisa Group Holdings needs help to pay investors, workers and suppliers, the developer told a meeting of a Chinese government think-tank, banks and property firms, according to a source with direct knowledge of the matter
LONDON – Boosted by a $1 trillion U.S. infrastructure bill, global stock markets held the line close to their all-time highs on Tuesday but investors were reluctant to commit further to the rally before getting a clearer picture of the surge in U.S inflation.
China:-Evergrandeis facing its biggest payment test since signs of a liquidity crisis emerged at the firm five months ago.
European:- stock markets traded in subdued fashion Tuesday, as investors focused on the ongoing earnings season ahead of the release of key U.S. inflation data.