LTIM on rising paths nowOn a weekly charts, you can easily analyze the price action movement towards it's life time high ie. @ 7500 but it may face an huddle in between at 6500 level. So main levels are:
1st Target - Rs 6500
2nd Target - Rs 7500
3rd Target - Rs 10000
Stoploss - Rs 4400
Note - Please consult your financial advisor before taking any trade in LTIM
Sharemarketanalysis
Key Levels and US Market Review for the Asian session open 27/04Major Indexes in the US and Europe moved lower as concerns about the banking sector and contagion (seeing more regional banks come under fire) reared its ugly head again. First Republic Bank dumped 30% after reporting a 40% drop in deposits which pushed the broader market lower while Tech found support after some good earnings beats brought in the bargain hunters. The USD found some buyers through the US session to reverse earlier losses which put pressure on Oil, Gold and Copper.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders will now have to deal with recession talk and further banking concerns which will hamper bulls and stoke selloff fears.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Heading for Recession or going higher...analysis and key levelsThere has been a lot of talk of the US heading into recession, and while the Fed and Politicians deny it, most feel that we are already 'in' a recession.
The Fed will of course do and say all they can to keep the stock markets orderly and supported while trying their best to bring down inflation. Key now is to watch inflationary and economic data.
In the video I look at the major stock markets in the US , Europe and Asian...and look at the key levels that I am watching for some action. Technically the Indexes are still in a downtrend but we have seen some buyers go risk on into the end of the month....so the question is will this continue??!!