MARKET OUTLOOK FOR WEDNESDAY
Trade setup: Nifty may consolidate at higher levels; downside looks limited
The daily MACD showed a positive crossover and was bullish, while trading above its signal line.
Opec raises oil demand outlook for 2020
Opec raised overall 2020 oil demand growth outlook by 0.14 million bpd to 1.22 million bpd.
Trade setup: Better stay light on positions; Nifty may consolidate
Thursday’s session is likely to see 12,350 and 12,395 levels act as immedi...
Tech View: Nifty forms Dragonfly Doji, negates higher highs & lows
Mazhar Mohammad of Chartviewindia.in advised traders to remain 'neutral' on the index.
Commodity outlook: Bullion charges; here's how others may trade today
Here is how SMC Global expects commodities to trade during the day.
Trade setup: 12,023-12,100 is make-or-break zone for Nifty
The market failing to pull back in a meaningful way even after a deep cut signals weakness.
Trade setup: Nifty50 likely to ring in New Year on a tepid note; 12,100 level key
Upside will be capped in the short term at 12,300, unless this level is taken out convincingly.
Japan shares rise as easing Middle East tension shifts focus to trade deal
The benchmark Nikkei index ended up 0.47 per cent at 23,850.57 points.
Trade setup: Technical pullback imminent but Nifty is still not out of the woods
The 12,065 and 12,100 levels are likely to act as stiff resistance on Thursday.
Commodity outlook: Refined soya oil jumps 8%; here’s how others may trade today
Here is how SMC Global sees other commodities to trade today.
Commodity outlook: Metal, energy counters gain amid escalating US-Iran tensions
Here is how SMC Global expects commodities to trade today.
Trade setup: Nifty needs to confirm breakout as lead indicators stay bearish
A slip below the 12,103 level will push NSE Nifty into consolidation again.
Wipro shares tumble 3% after Q3 results; foreign brokerages see no upside
UBS said the weakness in banking space is raising concerns for FY21 outlook.
Trade setup: Nifty50 likely to hit 11,800; avoid buying on dips
The RSI on the daily chart stood at 46.28 and marked a fresh 14-period low, which is bearish.
Trade setup: Outlook positive as long as Nifty stays above 11,974
Wednesday’s session is likely to see 12,065 and 12,130 levels act as resistance points.
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