Trekking markets & more

Trekking markets & more

@amitgupta0310
@amitgupta0310
1 Follower
1 month ago 152

This presentation provides an essential overview of the market for December 2024, focusing on Indian equities, global market trends, and an analysis of commodities. It highlights recent performance, investor sentiment, and important market indicators to inform investment decisions. The information is intended for private circulation only and does not constitute investment advice.

Trekking markets & more

@amitgupta03101 month ago

Trekking markets & more

Monday, 09 December 2024

Market outlook for this week

The Nifty trend and outlook have turned neutral for near-term (Daily) and short term (weekly), implying a balanced risk reward for buyers. For medium term (monthly charts) traders it remains negative. implying a negative risk-reward proposition. The momentum has moderated; so, the chances of change in trend are modest. On a horizon of up to 3 months, Nifty is now placed in the 18910-26930 range with a small probability of violation on either side.

The Bank Nifty trend and outlook are now neutral for near-term (Daily) and short term (weekly), implying a balanced risk reward; and negative for medium term (monthly charts) traders, implying a negative risk reward. The momentum has moderated; so, the chances of change in trend are modest.

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Equity Markets last week

Indian equities performed mostly in line with the global trend and logged in decent gains last week. in line managed to outperform the emerging market peers and end another volatile week with decent gains. Broader markets continued to sharply outperform the benchmark indices Rate sensitive realty &, PSU banks were the top performing sectors. Metals, media and IT services also outperformed. FMCG and Pharma were notable underperformers. FPI tuned net buyers, while domestic institutional activity remained very poor. Volatility eased.

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Debt and currency markets last week

Indian debt and currency markets were mostly stable, despite monetary policy announcement. INR was marginally weaker against most currencies, while bond yields declined marginally. Overnight rates were stable. Yield curve remained as flat as it could be.

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Commodity Corner

Global commodities were generally weak last week, as fears of global deflation in 2025 reemerged. Precious metals (Gold -0.8%), Energy (WTI Crude -2.5%, Coal -4.9%), and industrial metals (Zinc -1.4%) declined. Soft commodities (Sugar 3.5%) were generally higher. Silver (+1.2%) was a notable outperformer.

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Global Markets last week

The global markets returned to a full risk-on mood last week. Equities, crypto, bonds, USD all recorded decent gains, while gold and crude ended lower. European equities led the global rally with German equities being the best performers. Volatility eased. Asian equities (except South Korea) also did very well. Bitcoin was the notable gainer, while brent crude lost on poor demand prospects.

Important Disclosures

The Publisher of this note does not offer any portfolio management, brokerage, money management, equity research, or investment advisory services of any kind. Please take the advice of a qualified and registered investment advisor before making any investment decision. The content of this report is for general information purposes. This report is strictly meant for private circulation and is provided free of cost and is free from all copy rights. The intellectual property rights with respect to the contents of the third parties used in this report are fully acknowledged and respected. Please read important disclosures at the end of this report.

    Market outlook for this week

    The Nifty trend and outlook have turned neutral for near-term (Daily) and short term (weekly), implying a balanced risk reward for buyers. For medium term (monthly charts) traders it remains negative. implying a negative risk-reward proposition. The momentum has moderated; so, the chances of change in trend are modest. On a horizon of up to 3 months, Nifty is now placed in the 18910-26930 range with a small probability of violation on either side. The probability of larger daily moves on either side remains high.

    The Bank Nifty trend and outlook are now neutral for near-term (Daily) and short term (weekly), implying a balanced risk reward; and negative for medium term (monthly charts) traders, implying a negative risk reward. The momentum has moderated; so, the chances of change in trend are modest.

    • · Nifty: The day traders may avoid trading in the 24510-24570 nifty range, as in this range volatility may be high, and stop losses on both sides may get hit. The long positions may be held with a stop loss of 24120 and short positions with a stop loss of 25372 (on a daily closing basis).
    • · For Bank Nifty, day-trading may be avoided in the 52500-52565 range. For all long positions maintain a strict stop loss of 52245 and short positions with a stop loss of 53930 (on a closing basis).

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      Indian Market (Equity)

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        Indian Market (Debt & Currency)

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          Commodity corner

          Trump's trade tariff threats

          for both Canada and Mexico during Biden's presidency from 2020.

          U.S. trade deficit with its largest trading partners

          Source: U.S. Census Bureau By Vineet Sachdev

            Global Markets last week

              Important disclosures

              It is important to note that the Publisher of this note does not offer any portfolio management, brokerage, money management, equity research or investment advisory services of any kind. Please take advise of a qualified and registered investment advisor before taking any investment decision.

              This report is in no way intended to provide investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed in the reports.

              The content of this report is for general information purposes. This report is strictly meant for private circulation and is provided free of cost and free from all copy rights. The intellectual property rights with respect to the contents of the third parties used in this report are fully acknowledged and respected.

              The reports provide general information only. The contents should NOT be considered research analysis or advice.

              Reports are prepared independently of the securities market and issuer of securities. These reports have no connection whatsoever with any proposed offering of securities in any manner.

              The information herein was obtained from various sources and the Publisher does not guarantee its accuracy. These reports may contain links to third-party websites. The Publisher acknowledges the trademarks and copyrights of with respect to the third-party material used in this report. Any violation is totally unintentional and is sincerely regretted.

              The Publisher is not responsible for the content of any third-party website or any linked content contained in a third-party website. Content contained on such third-party websites is not part of this report and is not incorporated by reference into this report. The inclusion of a link in this report does not imply any endorsement by or any affiliation with the Publisher.

              Access to any third-party website is at your own risk, and you should always review the terms and privacy policies of third-party websites before submitting any personal information to them. The Publisher is not responsible for such terms and privacy policies and expressly disclaims any liability.

              (Go back )

Monday, 09 December 2024 For Private Circulation Only
The Publisher of this note does not offer an…
1/7
09 December 2024
Market outlook for this week
The Nifty trend and outlook have turned neutral for…
2/7
09 December 2024
Indian Market (Equity)
(Go back to top )
3/7
09 December 2024
Indian Market (Debt & Currency)
(Go back to top )
Repo Rate 6.50% 6-Dec-24 WoW …
4/7
09 December 2024
Commodity corner
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Weekly closing
6-Dec-24 1 week 1 Month 1 Ye…
5/7
09 December 2024
Global Markets last week
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Weekly closing Change for the Week
…
6/7
09 December 2024
Important disclosures
It is important to note that the Publisher of this note do…
7/7


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