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Data News - Page 3

Sensex at Death Cross; its future depends on easy money

The Sensex has reached the point where it could move decisively downwards. It can bounce, however, if there are signals of monetary easing everywhere.

No cause for cheer: inflation is actually trending up

It is too early to celebrate the slow drop in inflation. In fact, despite some easing, the seasonally-adjusted Consumer Price Index (IW) is actually trending up

US bond action has negative impact for rupee-dollar rate

A continued positive return on the US dollar could mean a depreciating rupee. This scenario could play out over the long term.

Precious metals fall on dollar rally

But, does that mean it's game over for gold and silver. Not so fast. Notice that silver is still hovering near its 200 day moving average as shown by the blue line. And gold bounced off its 200 day moving average.

Silver faces last hurdle before blast off, but there's a caveat

Silver is at a critical level from where it can take off quickly. But hold your horses. There is still one hurdle to clear.

European and Asian super rich are gobbling up real estate

European and Asian ultra high networth individuals (UHNWIs, or the super rich) hold by far the biggest share of all privately-owned real estate, together accounting for almost 80 percent by value, according to a new report by real estate services firm Savills and wealth intelligence provider Wealth-X.

Technicals: Nifty recovery impressive but index still below key resistance

The stock market sentiment was positive during the week gone by with the index posting a 3% gain. Though the recovery was impressive, the Nifty is still trading below the key resistance at 6,250. The upside move would gain momentum on a breakout past this resistance.

Bulls still alive: Why current market fall is not a bearish confirmation

The strongest factor supporting the Indian markets is the fact that the US markets are still grinding their way up. This is most likely going to provide an impetus to the Indian bull

This chart shows why bank index will remain under pressure

Axis Bank, Bank of Baroda, State Bank of India and ICICI Bank may play a key role in keeping the bank index under pressure.

Chart: Why a new life high for Nifty appears slim at the moment

The chances however of an immediate rally to new life-time high appear slim as the index has a strong resistance to contend at 6,275-6,330. As long as the Nifty trades below 6,350, there would be a strong case for a slide to the major support at 5,750-5,800 range.

Despite bearish performance, Nifty outlook is bullish this week

From a medium-term perspective, only a breach of the swing low at 5,700 would damage the bullish set-up.

RBI, banks hold key to how Nifty will move this week

The week gone by was marked by listless activity with the Nifty and the Sensex doing nothing much. Profit booking was apparent in the stocks from the technology and pharma sectors.

Technicals: Uptrend for Nifty still intact but hurdles remain

Once the Nifty clears the May 2013 high the next resistance in price is the all time high of around 6350. The clearing of these levels then increases the potential that the Nifty will make the 1000 point move.

Chart: Nifty all set to conquer its life-time high

The positive view would be in force as long as the Nifty trades above the recent swing low of 5,700. Until this swing low is breached, there would be a strong case for a rally to 6,357 and beyond.

Nifty will remain volatile, rangebound: Sell on rally

A look at the broader picture indicates that the Nifty is likely to spend some time in a range of 5,350-6,150 for a while. Until these broad reference points are taken out, it would make sense to sell on rally or buy the dips. This is a strategy suited for a range-bound market.

Markets: This chart explains why it's a good time to book partial profits

Now with the Nifty gaining relative strength to the Sensex their roles have reversed. We feel the Nifty is stronger now as it rallied last week before filling the gap support level. The Sensex on the other hand went all the way into the gap before rallying again.

Sensex, Nifty hammering support, will we have a break down?

The Indian indexes are hammering support, increasing the probability that prices may go lower. The more times a support level is hit greater the chances of a breakdown.

Nifty could head lower next week; Wipro, Bhel could slide

Except for a sharp cut on Monday, the Nifty did a whole lot of nothing during the week gone by.

Chart: US cues point to further fall in Sensex, Nifty today

Indian equity markets also need support from the US market to rally further. The last leg of the rally in India was a result of the rally in the US markets. When the US markets retreated a bit on Thursday, the Indian markets fell on Friday. With the strong drop in the US on Friday, we could see a corresponding drop in India on Monday.

Friday's market fall means Nifty bullishness is unreliable

Though the Nifty gained about 2.8 percent week on week, the price action during the week was marked by heightened volatility. The index cleared the swing high of 6,093 on Thursday. The quick snap back on Friday raises concerns about the reliability of the breakout.