NIFTY AND BANKNIFTY WEEKLY UPDATE

13 Haz 2022

SUMMARY
DXY@104.6
USD/INRath
US-10Y@3.2%

US MKT HAS STARTED FACTORING A RECESSION
ON FRIDAY I HAD TOLD EVERYONE
THAT WATCHOUT FOR ECO DATA INFLATION CAME HIGHER SO FED WILL HAVE TO BE MORE AGGRESSIVE IN AN SCEANARIO
WERE JOB DATA WAS BAD AND UNEMPLOYEMENT CLAIMS ROSE

WHAT DOES IT MEAN
-it is an indicating of stagflation
-were fed is in raising interest rate mode
-and were instead of strong economic data
-economic indicators are showing reversal
-so in short rising rate +fall in employment +fall in growth- stagflation

what about the technical
-we had discussed this in prior
-if we close below 16380 we will see retest or most likely a breakdown of 15750-15800 zone
-if that happens then 15000 is a matter of time

PLEASE READ PREVIOUS POST AND CHANNEL UPDATES ON DAILY BASIS
LINK IN THE SIGNATURE BOX BELOW

DXY CHART:-


BANKNIFTY

waiting for a test or breakout
big trades will be lined up