Market Outlook 25 Jan 2024
Here is a glimpse of what happened in last 24 hours:
Global indices inched up yesterday, with some of them touching life time highs
China surprisingly cuts RRR rate by 50 bps
US business activity is picking up with inflation moderating.
Copper and Oil edge higher on demand concerns.
FIIs and DIIs combined futures positions in Index: 41% Short vs 33% Long
Taken together, the indications are pointing towards positive opening which can be expected to taper off slowly when Selling pressure starts at higher levels.
Keep a keen eye on break below or break above the consolidation zone.
Happy Trading.
Here is a glimpse of what happened in last 24 hours:
Global indices inched up yesterday, with some of them touching life time highs
China surprisingly cuts RRR rate by 50 bps
US business activity is picking up with inflation moderating.
Copper and Oil edge higher on demand concerns.
FIIs and DIIs combined futures positions in Index: 41% Short vs 33% Long
Taken together, the indications are pointing towards positive opening which can be expected to taper off slowly when Selling pressure starts at higher levels.
Keep a keen eye on break below or break above the consolidation zone.
Happy Trading.
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Telegram: @jellygill
Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL