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Market Cues

Midcaps may outperform, Nifty holds above 23.6% retracement level

Nifty fell over 300 points in the previous week on account of global sell-off extending losing streak to second consecutive week. Nifty now trades precariously close to a confluence of support zones.  


History suggests strong economy can prevent stock markets from bear phase

Faith in the economy is the reason to think this current stock market correction is unlikely to deepen into a full-blown bear market.


Most Asian indices climb higher

Most equity indices in Asia climbed higher in early trade today, tracking Friday's gains in the US market and as crude oil prices edged up after recording six consecutive days of decline.


A positive opening likely after a strong rebound in US markets

Markets are expected to trade range bound in today’s session with a positive bias.


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