As we all know market always react on news and events. So from the 27april another trading week is starting and end on 30 april. As on 1st may is holiday because 1st may is maharashtra day. So this trading week will end on 30April.
Market will be closed on may 1, on occasion of Maharashtra Day.
1.coronavirus count
The number of covid patients in india has passed 26000 with 850 death, and 6000 recovered. Worldwide the number of fatalities are close to 2lakh over 1/4 of whom have died I'm the US some states in the US have also decided to ease lockdown even though the cases have continued fi rise rapidly.
2. Lockdown decision
This week, we will know whether the government will end the nationwide lockdown on may 3 or if it will be extended further.
While efforts are on to curb the spread of the novel coronavirus so that the economy can hit reopened, rising number of cases in Maharastra, the National Capital region(NCR), Gujarat and Madhya pradesh, among the other states, has led to concern over what happens next.
3.scare in Debt market : Franklin Templeton issue impact
The franklin Templeton fiasco has scared investors and they are rushing to withdraw funds. With the lockdown having a devastating effect on the balance sheets of the companies, fears of downgrades and defaults have increased. This in turn has increased volatility in the banking stocks.
4. Q4 earnings
A number if banks and insurance companies will come out with Q4 earnings this week, among major companies, Ambuja Cementsz HDFC life insurance company and indusind bank will declare their result on April 27, axis bank on April 28 while Hindustan Unilever and Tech mahindra result will be out on 30 April.
5. Bigger stimulus Package
The market stabilised and has been moving in a particular range in the last couple of weeks after a sharp fall. Apart from a rally in global peers, this is based on hopes of a big stimulus package.
Market is awaiting round two of an economic stimulus package from the government. Although given the limitations government has with its finances, not much is expected.
6.Technical view
The nifty50 formed Gravestine Doji patterns on daily charts on April 24, indicating lack of conviction among bulls.
The index consistently failed to sustain 9300 levels and has been struggling to head higher since the past few sessions.
Broad range could be 9500 to 8800.
7. F&O Expiry
The options data indicate that the maximum put base has shifted to 9000 followed by 8800 strike.
The significant unwinding was seen in 9000 and 9300 put strikes, which hints that put writers may be covering their shorts fearing that Nifty may slip below 9000 levels.
The call writers were active in 9300 and 9500 strikes, where 9500 holds the maximum open interest. "So continuous call writing at 9500 hints that nifty is unlikely to surpass 9500 in the April series.
This are few news& events on market will react this week.
"Let's create wealth together"
Market will be closed on may 1, on occasion of Maharashtra Day.
1.coronavirus count
The number of covid patients in india has passed 26000 with 850 death, and 6000 recovered. Worldwide the number of fatalities are close to 2lakh over 1/4 of whom have died I'm the US some states in the US have also decided to ease lockdown even though the cases have continued fi rise rapidly.
2. Lockdown decision
This week, we will know whether the government will end the nationwide lockdown on may 3 or if it will be extended further.
While efforts are on to curb the spread of the novel coronavirus so that the economy can hit reopened, rising number of cases in Maharastra, the National Capital region(NCR), Gujarat and Madhya pradesh, among the other states, has led to concern over what happens next.
3.scare in Debt market : Franklin Templeton issue impact
The franklin Templeton fiasco has scared investors and they are rushing to withdraw funds. With the lockdown having a devastating effect on the balance sheets of the companies, fears of downgrades and defaults have increased. This in turn has increased volatility in the banking stocks.
4. Q4 earnings
A number if banks and insurance companies will come out with Q4 earnings this week, among major companies, Ambuja Cementsz HDFC life insurance company and indusind bank will declare their result on April 27, axis bank on April 28 while Hindustan Unilever and Tech mahindra result will be out on 30 April.
5. Bigger stimulus Package
The market stabilised and has been moving in a particular range in the last couple of weeks after a sharp fall. Apart from a rally in global peers, this is based on hopes of a big stimulus package.
Market is awaiting round two of an economic stimulus package from the government. Although given the limitations government has with its finances, not much is expected.
6.Technical view
The nifty50 formed Gravestine Doji patterns on daily charts on April 24, indicating lack of conviction among bulls.
The index consistently failed to sustain 9300 levels and has been struggling to head higher since the past few sessions.
Broad range could be 9500 to 8800.
7. F&O Expiry
The options data indicate that the maximum put base has shifted to 9000 followed by 8800 strike.
The significant unwinding was seen in 9000 and 9300 put strikes, which hints that put writers may be covering their shorts fearing that Nifty may slip below 9000 levels.
The call writers were active in 9300 and 9500 strikes, where 9500 holds the maximum open interest. "So continuous call writing at 9500 hints that nifty is unlikely to surpass 9500 in the April series.
This are few news& events on market will react this week.
"Let's create wealth together"
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