Sarthakreturns

  US Stocks ended lower on Monday as investors focused on signs of inflation and supply challenges and awaited corporate earnings. Dow lost 0.72% , S&P lost 0.69%, Nasdaq gave back 0.64%, Small cap Russell 2000 also saw a cuts of 0.56%. On data side USD index moved to 94.36, 10 year crossed 1.63% and Cboe Vix moved higher to 20.  Crude futures continued to climb higher, WTI moved near 80.50, Brent near 84.  Indian stock indices closed at their highest levels in a choppy market that saw last hour selling erasing large part of intraday gains. Nifty topped 18000 before closing a shed below the same. Sensex underperformed due to weakness in IT names. Autos under the star performer Tata Motors lead the rally along with Power (mainly Tata Power). Banks were the leading sector of the day. Our preference on Tata Motors and Tata power for October rewarded medium term traders well (almost 50% gains in a few weeks from recent lows). Small and Mid cap stocks also outperformed the...

  US stocks closed in the red on Friday on weaker than expected labour market report.  US dollar index closed lower at 94.10, 10 year crossed 1.61%, Cboe Vix declined below 19.  Crude futures continued to trade higher, WTI inched near 80, Brent crossed 82.50. Domestic indices traded higher on dovish RBI comments and central bank lowering inflation forecast staying on course of accomodation and maintaining the growth expectations at 9.50%. Sensex gained 0.63%, Nifty added 0.59% on Friday.  For the week watch for some volatilty as Nifty takes on 18000 and Sensex consolidates above 60000. Watch for Q2 results season starting this week for short-term trading opportunity. For medium term continue to trail stop loss for a life beyond 18000 for Nifty and year-end rally along with some serious meltup in mid and small cap names.

  US stocks rallied on Thursday as lawmakers reached a deal to increase the debt ceiling in the short-term. The Dow rose by 0.98%%, S&P 500 rallied 0.83%, Nasdaq jumped nearly 1.05%. The small cap Russell 2000 outperformed with gains of close to 1.59%. Thursday's gains put the major averages in the green for the week. US dollar index eased a bit to trade near 94.18, Cboe Vix moved lower near 19.54, 10 year moved sharply higher near 1.58%.  Crude futures recouped most of the losses of Wednesday, WTI moved above 78.50, Brent moved close to  82.50. Indian stocks forged strongly higher on optimism of smart economic recovery, re-open trades like Tata Motors, Titan, Oberoi, Sobha and M&M to name a few along with technology heavyweights did heavy lifting on Thursday. Mid and small cap stocks also saw solid gains. For the day watch for some volatility on RBI policy announcement. Continue to keep some deeper stop loss as Nifty moves towards psychological level of 18000. Fo...

  US stocks moved higher on the expectations that Congress may reach a deal to raise debt ceiling that may prevent government default. Dow moved 0.30% higher, S&P added 0.41%, Nasdaq closed 0.47% higher reversing cuts in excess of 1% at the open. The small cap Russell 2000 underperformed with cut of close to 0.60%.  US dollar index moved higher near 94.25, 10 year traded flat near 1.53%, Cboe Vix remained at elevated levels of 21.  Crude futures saw some givebacks on profit taking, Brent corrected near 81, WTI fell to 77.  Indian stocks ended down erasing strong opening session in late hour sell-off,  Sensex lost 0.93%, Nifty ended 0.90% down. Metal, Pharma and Realty stocks were the top losers for the day. Mid cap index lost close to 1.22% but small cap index outperformed with cuts of only 0.55%.  For the day watch for weekly options expiry related moves and some stabilization towards the end of the day. Watch for RBI policy scheduled for tomorrow for ...

  US stocks moved higher on Tuesday following Monday’s tech lead sell-off despite of supply-and-demand friction that pushed energy prices to multiyear highs.The Dow rose 0.9%0, S&P 500 gained 1.10%, Nasdaq jumped 1.30%. The small cap Russell 2000 added 0.49% to overnight trade.  US dollar index traded flat near 93.98, 10 year moved higher near 1.53% and Cboe Vix declined near 21.  Crude futures continued to surge higher on OPEC+ decision on Monday. WTI moved near 80 to new 7 year highs, Brent topped 82.50 at fresh 3 year highs.  Oil and Gas, IT and Power stocks took Indian indices higher on Tuesday, Nifty closed above 17800 and Sensex moved back towards 60000 ahead of crucial RBI policy slated for Friday.   For the day watch for stock specific volatility as indices move towards psychological levels 0f 60000 for Sensex and 18000 for Nifty. Continue to maintain rotational trade for near term till Nifty takes out intermediate resistance of 17950-18000.

  US stocks fell on Monday as participants awaited new economic and earnings data. The supply chain challenges, inflation and the pace of the labor market recovery topped the minds of investors. Dow dropped  0.90%, S&P 500 and the Nasdaq Composite fell 1.30% and 2.10% respectively. Big tech names like Facebook were hit hard on worst outage since 2008 and whistleblower's testimony on company prioritizing profits at the expense of public safety.  US dollar index fell for the second day to trade near 93.82, 10 year moved higher near 1.49% and Cboe Vix too inched up to close just below 23.  The decision of OPEC+ to raise output gradually and not to open the tap in a hurry pushed oil to 7 year highs, WTI moved close to 78, Brent topped 81.  Gains in Metals, Power and PSU banks took Indian indices higher by close to 0.90% after four days of selling during last week.  Mid and Small cap stocks also saw strong gains in excess of 1.50% outperforming the markets....

 US stocks moved higher on Friday snapping five quarter winning streak on Thursday. Dow gained 1.40%, S&P 500 rose 1.10%, Nasdaq closed  0.80% higher. Small cap Russell 2000 outperformed with gains of close to 1.69%.  After hitting multi-month high close to 94.50 on Thursday, $ index eased to trade below 94. Cboe Vix also fell near 21 (though still trading at elevated levels) and US 10 year also dropped sharply near 1.45 from the high near 1.55% during the week.  Crude futures continued to trade near flat zone with positive bias, Brent moved in and out of 79, WTI traded above 75.50. Following global cues, Indian indices continued to trade down, Sensex closed  0.61% lower, while Nifty was down 0.49%. Pharma, media and metals closed higher. Banks, financials, and IT were top drags. Mid and Small cap stocks showed some resilience to close mildly in green.  Traditionally the period after September remains positive till the end of the calendar and it seems t...