Trekking markets & more

Trekking markets & more

• 1. Monday, 09 December 2024 For Private Circulation Only 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. Trekking markets & more 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. (See more) 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. (see more) 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. (see more 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. (see more) 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

• 2. 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 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). (Go back to top ) Daily Trade Weekly Trade Positional Trade Trend Neutral Neutral Negative Momentum Medium Medium Medium Outlook Neutral Neutral Negative Expected range 24205 - 25130 18910-26220 Daily Trade Weekly Trade Positional Trade Trend Neutral Neutral Negative Momentum Medium Medium Medium Outlook Neutral Neutral Negative Expected range 52245 -54705 46135-55370 Nifty Trend and Outlook Bank Nifty Trend and Outlook

• 3. 09 December 2024 Indian Market (Equity) (Go back to top )

• 4. 09 December 2024 Indian Market (Debt & Currency) (Go back to top ) Repo Rate 6.50% 6-Dec-24 WoW (%) Standing Deposit Faility (SDF) 6.25% INR-USD 84.67 -0.13% Base rate 9.10 - 10.40% Marginal Standing Facility Rate 6.75% INR-GBP 107.88 -0.17% MCLR (Overnight) 8.15-8.45% Bank Rate 6.75% INR-EUR 89.48 -0.07% Savings Deposit Rate 2.70% - 3% Call Money Rates 5.10-6.75% INR-JPY(100) 56.43 0.05% Term Deposit rate (>1yr) 6.0% - 7.25% Source: www.investing.com Exchange Rates Lending/Deposit rates 6-Dec-24 Source: RBI Source: RBI Policy rates Category 1 Week 1 Month 3 Months 1 Year Long Duration 0.32 0.36 1.62 11.86 Medium Duration 0.19 0.67 2.05 8.55 Short Duration 0.21 0.65 1.96 8 Low Duration 0.18 0.58 1.84 7.47 Ultra Short Duration 0.15 0.55 1.74 7.13 Liquid 0.13 0.54 1.7 7.2 Dynamic Bond 0.23 0.55 1.74 9.2 Corporate Bond 0.23 0.68 2.04 8.34 Credit Risk 0.16 0.57 1.99 8.29 Banking and PSU 0.23 0.63 1.94 8.14 Gilt 0.25 0.63 1.75 9.61 Source: www.valueresearchonline.com Debt fund performance (% change)

• 5. 09 December 2024 Commodity corner (Go back to top ) Weekly closing 6-Dec-24 1 week 1 Month 1 Year Gold (US$/Oz) 2,659.60 -0.8% -2.2% 30.8% Silver (US$/Oz) 31.49 1.2% -1.3% 35.3% Platinum (US$/Oz) 935.05 -2.0% -4.4% 1.1% Palladium (US$/Oz) 964.50 -3.1% -3.8% 1.4% WTI Crude (US$/bbl) 67.17 -1.2% -4.6% -5.7% Brent Crude (US$/bbl) 71.12 -2.5% -3.4% -6.4% Natutal gas (US$/mmbtu) 3.076 -8.5% 5.3% 22.8% Aluminum (LME, USD/MT) 2609.00 0.3% -0.8% 22.3% Copper (LME, USD/MT) 9098.00 0.8% -3.6% 7.7% Zinc (LME, USD/MT) 3073.00 -1.4% 2.8% 28.1% Lead (LME, USD/MT) 2073.00 -0.6% 2.3% 2.4% Nickel (LME, USD/MT) 16012.50 0.0% -1.9% -4.7% Coal (USD/T) 132.60 -4.9% -12.9% Steel Rebar (CNY/T) 3275.00 -2.2% -17.7% US Sugar #11 (USD/lb) 21.81 3.5% -0.1% -6.6% US Wheat (USD/Bushel) 556.25 1.5% -2.8% -9.6% US Corn (USD/Bushel) 440.00 1.6% 2.1% -5.5% US Soybeans (USD/Bushel) 994.75 0.5% -2.2% -23.7% Agri commodities Source: investing.com; Trading Economics Global Commodities Dashboard Change Precious Metals Energy Base metals Bulk Commodities

• 6. 09 December 2024 Global Markets last week (Go back to top ) Weekly closing Change for the Week Equities S&P 500 6,090.27 1.0% Dow Jones 44,642.52 -0.6% Stoxx-50 4,977.35 3.6% Nikkei 225 39,068.50 2.3% FTSE 100 8,308.61 0.3% Shanghai Composite 3,404.08 2.3% DAX 20,384.61 3.9% S&P500 VIX 12.77 -5.5% Commodities Bllomberg Commodity Index 97.48 -0.7% Gold (US$/Oz) 2659.60 -0.8% Silver (US$/Oz) 31.49 1.2% Copper (US$/lbs) 4.20 1.4% Brent Crude (US$/bbl) 71.12 -2.5% Currencies/Crypto EUR-USD 1.06 -0.1% INR-USD 84.67 -0.1% USD-JPY 150.03 0.2% Bitcoin 99560.00 3.2% USD Index (DXY) 106.06 0.3% Yields (%) US10yr 4.15 -0.7% German 10yr 2.11 1.2% Japan 10yr 1.04 -0.1% Source: investing.com Global Markets Last Week

• 7. 09 December 2024 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 )