Zomato Has 1.03 Million Shares Change Hands In A Large Trade
- Zomato has 1.03 million shares change hands in a large trade.
- Details of buyers, sellers not known immediately
Stock Market News Reports [19-01-2022]
Nifty: Prudent to look for a close above 18330 or dips to 17950 before reconsidering longs
Nifty: “The 18210-330 region that we had kept In our cross hairs for the last few days, with the expectation of offering stiff challenges to upsides, stood firm despite persistent attempts to push higher.
Nifty Correction may end in a day or two
“Nifty Correction should end today in a day or two. Best case we take support at 17,950 & reverse. Worst case we correct until 17,800 & reverse. Look to add your favourite stocks in this volatility,” said Rahul Sharma, Director & Head – Research – JM Financial
Union Budget 2022 expectations: Market hopes cut in gold import duty to 4%, capital gain tax rationalisation
Union Budget 2022 expectations: Gold prices in the domestic market have been trading at a marginal discount to international prices partly due to strength in Indian Rupee and partly due to sluggish physical market activity ahead of the budget.
Strong fundamental supports in place but maintain caution
“High volatility is in store for stock markets in the coming days. Globally inflation is becoming a worse-than-expected threat and this is reflected in the sharp spike in US 10-year yield to a 2-year high of 1.89%.
Fed Outlook [19-01-2022]
Fed Outlook: The latest U.S. data showed a gauge of New York state manufacturing slumped in January, suggesting omicron caused a pullback in activity.
Outlook bullish as long as Nifty holds 18000
Nifty Outlook bullish: As long as the index stays above 18000, the short-term outlook will remain bullish. A break above 18350 can then pave way for further rise to 18500-18600. A narrow range of 18000-18350 is possible if Inability to breach 18350.