Sarthakreturns

  Global markets traded mixed on the first trading day of the new calendar. European stocks traded higher but Asian names traded flat to negative on Monday. US markets remained shut on account of New year's holiday.    Indian stocks moved higher on Monday led by Metal/Infra stocks and heavyweights like RIL. Stocks started the day with some losses but reversed the course mid way to gain some strength on the back of strong economic data raising optimism on growth prospects of the Indian economy. Nifty closed almost 92 points higher and Sensex gained 327 points at close.  Markets may continue to consolidate ahead of key US data and presentation of Union Budget next month. Global central banks' outlook on inflation / rate action, Indian state elections outcome, Chinese COVID policy action remain key monitorables for CY 2023. Participants may continue to rotate positions amongst sectors for outperformance in near term and also watch for early trends for a positional trade...

  US stocks fell on Friday ending its worst year since 2008. Sticky inflation, aggressive rate action by FED and worries over slowing growth continued to weigh over investors mind. Dow fell 0.22%, S&P lost 0.25% and Nasdaq closed 0.11% lower.  USD index traded near multi-week low of 103.49, 10 year moved higher near 3.88%, Cboe vix moved higher near 21.67.  Crude futures gained almost 3% as USD index eased, WTI moved near 81, Brent near 86.  Indian stocks ended in red on the last trading day of 2022, stocks traded in a narrow range before ending down on Friday. Sensex lost nearly 300 points, Nifty gave back 85 points at close.  Markets may start to show some definitive trend as volumes turn normal post holiday season. New year allocation and pre-budget built up may dominate trade for couple of weeks from hereon. Participants may watch for development on the same before committing fresh money to the market. Early indications may provide a hint to the probable...

  US markets rose on Thursday erasing previous day's losses  after the labour department reported an increase in jobless claims that were slightly higher than anticipated. Dow moved higher by 1.05%, S&P added 1.75% and Nasdaq added 2.59% in what can be termed as an abbreviated Santa Rally, turning Wall Street positive for the week.  USD index traded lower near 103.90, 10 year also turned lower near 3.83% and Cboe Vix dropped to 21.44.  Crude futures traded largely flat with small downside bias, WTI traded below 79, Brent near 82.  Indian stocks closed higher as final hour trade took indices out of the negative zone, December series expiry related volatility and year-end consideration took stocks higher on the penultimate day of 2022 year-end. Sensex added 224 points and Nifty closed 69 points higher, most sectors barring FMCG participated in the late day rally on Dalal Street.  Strong mother market cues and falling USD index may help stocks to hold on t...

 Wall Street sank on Wednesday extending year-end slide as worries over growth continued. Dow lost 1.10%, S&P dropped 1.20% and Nasdaq closed 1.35% lower. Apple and energy stocks took its toll on Dow and S&P respectively as the tech giant fell to its 52 week low and energy names fell as crude lost some ground.  USD index moved higher near 104.52, 10 year also continued its upward move near 3.89%, Cboe Vix closed up near 22.14.   Crude futures eased a bit on light trading as worries over Chinese COVID cases persisted, WTI eased near 78 and Brent near 83.  Indian indices closed near flat level amidst volatility owing to low volumes due to holiday season, stocks continued its rotational drive with Oil and Gas, Power and Fertilizer stocks gaining ground along with some positive momentum for IT names. Sensex lost 17 points and Nifty gave back 10 points at close.  Weak global cues and December series expiry will dominate trading today, the day may see ind...

  Indian stocks made a roaring comeback on Monday erasing a large part of Friday's losses as bulls made a strong comeback. Sensex gained 721 points and Nifty added 208 points at close. Mid cap index gained 2.30% after getting hammered on Friday. All the major sectoral indices except Pharma names saw good rebound with banking names leading the charge on Dalal Street. US markets remained shut due to Christmas holiday giving bulls a breather from worries of shape of things to come for a day.  Markets may continue to remain volatile on lower participation due to the holiday season. Participants may continue to watch for individual names for near term trade till the global news flows start to turn favorable and volatility reduces. Investors may continue to use the current uncertain period to build up long term portfolios.

  US stocks reversed its  previous day's gains on weak corporate results and worries over slowdown. Dow lost almost 1.05%, S&P lost 1.45% and Nasdaq gave back 2.18%.  USD index traded flat near 104.42, 10 year also moved in a narrow band near 3.69% and cboe vix jumped near 22.  Crude futures traded in narrow band taking a breather after a strong couple of days moves, WTI remained near 78, Brent just below 82.   Indian stocks traded lower on worries over surging COVID cases in China, Japan, South Korea. The pressure of weekly options expiry intensified selling towards the end of the day. Sensex lost 241 points to close below 61000, Nifty lost 72 points and closed near 18127.  Weak global cues and worries over rising COVID cases may continue to dominate trade at open at Dalal Street. Participants may watch out for any signs of stabilization before putting additional money to work for near term but investors with long term horizon may use the current ...

  US stocks fell on Monday extending Friday's losses on fears of aggressive FED action pushing economy into recession. Dow fell 0.49%, S&P lost 0.90% and Nasdaq lost the most seeing a cut of 1.49%.   USD index eased a bit to trade near 104.62, 10 year moved higher near 3.59%, cboe vix closed lower near 22.42.  Crude futures gained some ground, WTI moved above 75, Brent traded above 80.  Indian stocks recorded their best daily gains in three weeks reversing a two day sell-off, consumer stocks along with auto names gained ground. Sensex gained close to 470 points and Nifty added 150 points over Friday's close.  Stocks may continue to hold promise despite of weak cues from global markets. Indices may continue to consolidate as cross currents of global weakness over local optimism restrict upside in benchmarks. Participants may continue to rotate positions to outperform the index.

US stocks turned volatile post inflation print that showed an increase on just 0.10% to 7.10%  against expectations on 0.30% rise, but stocks gave up large part of gains towards the mid day. Dow closed 0.30% higher giving up gains of 2.80% at one time during the day, Nasdaq also closed 1.01% higher from almost 3.50% gains intra day and S&P closed 0.73% higher again lost large part of intraday gains. Both USD index and 10 year came off sharply post inflation print, $ Index fell below 104 and 10 year traded below 3.50% on lower than expected inflation print. Cboe vix too declined below 23.  Crude futures continued to gain some more ground, WTI traded above 75, Brent above 80.  Indian stocks moved higher on Tuesday as banking names continued to lead higher and IT stocks recovered some lost ground. Nifty closed above 18600 and Sensex added 400 points to Monday's close.  Markets may continue to consolidate with some upward bias ahead of FED meet outcome and impending ...

US stocks fell as stronger than expected ISM data fueled concerns that FED will continue raising rates longer. Dow dropped 1.40%, Nasdaq lost 1.93% and S&P closed 1.79% lower.  USD index moved higher near 105.30, 10 year also jumped near 3.58% and Cboe Vix moved above 20 to close near 20.75. Crude futures traded lower following strong US ISM data and stock market weakness that raised concerns over Fed's path over rates. WTI dropped near 77, Brent near 83, a cut of near 3.00% for both the benchmarks.  Indian stocks traded in a range moving in and out of flat line on mixed lead from global equity markets. Sensex closed just below flat line and Nifty managed to close a tad in green. Metal names gained the most on possibility of more covid relaxations in China, offset by heavyweights like RIL that lost some ground.  PSU banks also gained some ground but Auto and IT names closed marginally lower.  As indicated markets may consolidate for some more time ahead of state ...

  US stocks edged lower led by energy names that lost ground on Chinese COVID worries taking oil prices lower. Dow traded in an out of flat line to close with cuts of 0.13% , strength in Disney failed to offset losses in energy names, S&P lost 0.39% and Nasdaq closed 1.09% lower. USD index moved higher near 107.79, 10 year traded flat near 3.82% and cboe vix closed further down near 22.36.  Crude prices recovered from intraday losses in excess of 3% after Saudi denied OPEC+ plan to raise output, WTI traded above 80 and Brent just below 88. Crude futures fell near January lows intraday on possibility of output raise which was denied later by the producers.  Financials and IT names dragged Indian markets lower for the third day in row, Sensex lost 518 points and Nifty closed below 18200. Mid and Small cap names showed some resilience in an otherwise weak market.  Markets may  consolidate further as global cues continue to remain weak and macros like dollar ind...

  US stock markets followups  previous days positive streak amid fed chair jerome Powell's comments on the central bank continuing to fight inflation and investors obsorbed volatility to end  Nasdaq and Dowjones in green with more than 0.6% up. USD index closed near flat after dipecting unsavoury movement in the day to end at $109.6. US Crude future WTI settled up by raising 2% in the day to end at $83.54 per barrel whereas Brent futures settled up at 1.3 % to end at $89.15 per barrel. Dalal Street continuing it's winning streak from past three consecutive days as Indian benchmark indices jumped  more than one percent to three weeks closing highs  powered by financials and IT shares to make Nifty climb to 17800 crucial level Hawkish commentary from fed policy makers is driving the markets as it seems like investors are obsorbing all bad news Markets may continue to remain volatile untill inflationary concerns cools off ,in near short-term fed may act as a watchd...

  US Markets posted a sharp rally on wednesday trading session and closed in green by breaking its three days loosing streak as Dowjones  and Nasdaq racks up gains upon cooling yields  where Nasdaq ended up by more than 2% whereas as Dowjones and S&P 500 ended up by more than 1.5% in the day . USD index cooled off little bit after making fresh hghs from the few days to trade at $109.53 at the end of the day. Crude futures continued to trade down as supply piles up and slow global growth is chipping away energy demand due to which US Crude Futures WTI and Brent Crude Futures ended down by more tan 5%in the day. Even though undecisiveness in investors mind , Fed interest rates tappering fearness  and weak global cues our indian markets continuing to show strength amid unfavourable global performance which made indian markets to close almost at flat after U shaped recovery upon gapdown  in the early trading session where Nifty50 and Sensex closed near to 0.18% ...

US Stock Indices are on the backfoot amid higher yields and with soaring energy prices stoking inflationary concerns as tech jiant Nasdaq felled more than 2%  whereas Dowjones closed slightly negative on Thursday closing . US Crude Futures felled 1.6% ened at $102 per barrel whereas Brent felled 1.5% to $107.16 per barrel on thrusday closing . Indian Equity markets continuing it's negative bias since few days amid inflationary concerns and global economic crisis as both  Njfty50 and Sensex closed below 0.5% negative on Wednesday closing. Considering Q4 results season watchout sectorial stocks which may benefit from inflationary factor to grab some gains from untouched stocks.  For today's trading session watchout Nifty50s 17400,17300,17150 as Support levels to grab some opportunity to short and look for most liquidity driven stocks to capture some down moves in intraday volatility 

 US Stock markets continuing it's selloff amid heightened geopolitical  tensions between Ukraine and russia weighing on market sentiments.Tech jiant Nasdaq down by 2.57% whereas dowjones industrial average index felled 1.38% . US  crude futures WTI settled at $ 92.10 per barrel whereas London crude futures Brent closed flattish at $96.84 per barrel on closing. Indian markets too continuing it's loosing streak Amir global markets selloff due to raising concerns between Russia & Ukraine crisis.look for weak category stocks to grab some selling opportunity in intraday . *Today's trading sessions view: Watchout Nifty50s 16800 as key support level breaking if that may trigger more weakness in markets whereas 16400 acts as next strong support.

US stock markets ended flat on Wednesday closing after gapdown in early trading session amid  never ending concerns of fed tapering,as Nasdaq & Dowjones closed 0.16% down . US Crude futures ended lower as WTI down 1.6% at $90.57 per barrel whereas brent down by 1.7% at $91.73 per barrel. Indian markets ended flat after inconstancy movements in the day amid Russia-Ukraine conflict as Nifty50 closed at 0.17% down whereas benchmark index Sensex closed at 0.25% down. Today's Trading Sessions view For today's trading session watchout Nifty50 17300 ,17200 levels on downside and 17400 on upperside and lookout for stocks specific action in coming days or weeks amid fed interest rates hike.

US Stock markets ended in positive territory for the third consecutive day as Dowjones closed at 0.86% up whereas Nasdaq ended with 2% up as tech stocks,telecom stocks and base material stocks propelled indices higher. US dollar index futures closed 0.9% down at 95.55.Brent futures closed at 0.23% up by ending at $91.84 per barrel. Indian stock markets continued it's rising streak for the third consecutive day as major sectorial indices contributed to the markets by rising more than 1% in the day. For today's Trading Session: Watchout Nifty50 17600 as Strong resistance on upper level closing above that may trigger bullish momentum whereas 17250 as a support level . considering RBI policy it's preferred to trade less untill the outcome of the event get  releases. 

  US Stock indices on Tuesday edged up as tech jiant  Nasdaq and dowjones ended with more than 1% up in a day. US Crude Futures felled 2% on Tuesday ,pausing it's rally for the second consecutive day, as West Texas Intermediate (WTI) settled down at $89.36 per barrel (down 2.2%),whereas Brent down by 2.1% which settled at $90.78 per barrel. Indian stock markets ended slightly on positive side amid unsavoury volatility in the day as Nifty50 swings 200points on either side which made intraday trades job hectic.Nifty50 closed with 0.31% up whereas Sensex ended up 0.33%  For Today's Trading Session watchout the sectors which are drawdowned from the past couple of days as they may give some gains in tthe day on Nifty50 side watchout 17300 as key resistance level for some uppish movement and 17200 to 17000 acts as strong supports on downside.

  US markets traded flat on Mondays closing as Dow closed almost flat whereas Nasdaq ended at 0.58% negative. US Crude futures rally takes a pause  as it felled 1.1% on Monday after rallying for seven straight weeks .West Texas Intermediate (WTI) ended at $91.32 per barrel whereas brent ended at $92.64 amid Iran nuclear deal. Indian markets continued its loosing streaking amid weak global cues and big sharks continuous selloff which triggered domestic equity benchmarks felled nearly 2% in the day as Sensex and Nifty50 closed 1.73% down .largecap stocks like hdfcbank,hdfc,bajajteins were among top index draggers. Today's Trading Sessions Outlook For today watchout nifty50 to sustain above 17250 for some reversal on upperside whereas weakness may continue further  below 17100 level.

  US equities ended mixed at the close on Friday as tech giant ended in positive territory closing up by 1.58% whereas dowjones ended flat with 0.06% negative. On Data Side US Crude futures surges to seven years highs as West texas intermediate (WTI)crude up 2.3% ended at $92.3 per barrel. Whereas Brent crude futures up by 2.4% settled at $93.27 per barrel its highest since 2014. Indian stock markets closed. flat on Fridays trading session as Nifty50 closed with 0.25% negative whereas sensex ended with 0.24% negative.Niftypsubanks ,Nifty media are the laggards among various sectorial indices ,down by 1.92% and 1.89% negative respectively. *Today's trading session view : Watchout for Nifty50 to break 17500 level for futher weakness in markets and 17600 level for some reversal .

  US stock indices closed on a positive territory which is counter intuitive to the early trade session where investors faced treacherous  backdrop of volatility driven by the fed announcements . As Nasdaq closed at 0.75% followed by Dowjones at 0.78%. On Data Side US Crude futures down by 1.1% lower ended at $87.2 amid growing speculations of pent up in supply by a top oil  producers. Indian Stock markets closed on a higher note on Budget day amid major announcements given on infrastructure capex boostup  , Tax on Digital assets. following which Nifty50 need with 1.37% up ,Sensex ended with 1.48% up by 848 points. On Data Side Auto sales data is out at the backdrop of FM Nirmala Sitaraman announcing measures to enhance EV ecosystem in india.  Except Mahindra&Mahindra and Tatamotors  all other major auto  players  posted below the estimates made. For today's trading session watch out Nifty50 17600 level crossover for some further upmove and 17...