United States: Job Openings and Labor Turnover Survey (JOLTS): The latest JOLTS data, released on Tuesday, indicates that the US economy currently has 8.06 million job openings. This continues the downward trend and also falls short of expectations by 340k. It also had declined from the 296k of Ap

Over the last week in US, the economy’s GDP for Q1 2024 expanded by only 1.3% annualized rate, much lower than the forecasted 1.6% and also it is the lowest since two consecutive negative growth quarters in 2022. The Core PCE for April increased by 0.2%, in line with estimates, while personal inco

U.S. Market Overview: Over the last week, the Producer Price Index (PPI) in the U.S. market has inflated by 0.5% for the month of April. This figure was significantly higher than the estimated 0.2% and the previous month's revised figure of negative 0.1% (revised from 0.2%). Core inflation and in

Last Wednesday's release of Job Openings and Labor Turnover Survey (JOLTS) data indicated a figure of 8.49 million job openings, slightly below analyst projections. On Thursday, in line with expectations, the Federal Reserve opted to maintain interest rates at their current levels. Additionally, t

GDP Vs Inflation: Recent developments in the US economy are cause for concern. Throughout this year, inflation expectations have hovered around 0.3% per month or 3.6% annually. However, the Consumer Price Index (CPI) for March exceeded these expectations, registering a 0.4% increase during most of

Over the past week economic statistics from the Indian markets, the M3 money supply for the period ended on 22nd March ’24 has increased by 11.4% compared to the same period last year. Both lending and borrowing for banks have seen significant growth, with a 19.9% increase for lending and a 13.8% in

The Last week's US inflation reading on 10th came in at 0.4% MoM rise, with the core inflation rising at 0.4%, surpassing the estimated 0.3% for both. Although it's just a 0.1% difference, in percentage terms, it represents a 33% increase. The recent minutes from the Fed's meeting on the same day in

Banknifty: Bullish only trades for this week. After a long time banknifty has turned bullish in our radar. 47700 should be a very good support to hold. Could potentially see BNF hitting fresh ATH for this week and continue its momentum for couple of weeks to follow. We will be focusing only on Bank

Nifty: Current week's Nifty bias according to the system designed is neutral. But we are near the resistance with good momentum on the upside. So defining upside resistance is difficult at the moment. Personally would be looking to sell 21700 puts and would be defending if required. Would be stayin

Short note: Tata Motors is known for its famous acquisition of JLR from Ford, and recently by an impressive turnaround from the company’s severe debt crisis. From FY21 onwards, the company had gradually regained its footing and demonstrated remarkable financials performance over the past 12-15 mont

Nifty: Nifty's bias been changed into neutral until end of this month. On the upside we have a strong weekly resistance of 22526 and on the downside we have a strong monthly support of 21530. So any move until the end of this month I expect is within this range. As the range is only 1000 points we

In 1981, a group of seven individuals founded a company in Pune dedicated to providing IT support and services to other businesses. This marked the inception of what would evolve into the present-day Infosys, a journey that has been nothing short of remarkable. By 1993, Infosys went public, opening

Nifty: Analysis is plain and simple. We are bullish on all time frames. So any sensible trade would be on the long sides as we have a strong weekly support at 22200. As we have been forming ATHs in the past 3 weeks there could be profit booking at any point and we might see a huge sell off as well.

Nifty Nifty our view remains the same for the past 3 weeks. Longs only until 21850 is breached on a weekly basis. Although new ATH has been formed and we expect it to go on the upside we should be cautious while trading as profit booking may occur at any point and will witness a little fall which m

The revenue of Infosys grown from 70.5 thousand crores in FY18 to 1.46 lakhs Crore in FY23, at a compound annual growth rate (CAGR) of 15.8%. Where, the net margin averaged at 18.7%, which peaked at 23.2% in FY18 and dropped the most to 16.8% in FY23, further it has dropped to 15.8% during the 9-mon

Over the past week, the United States economy has shown promising signs of optimism. Both inflation and core inflation for May remained notably low, registering at 0% and 0.2% respectively. These figures fell short of analysts' projections, which was anticipated a 0.1% increase in inflation and a 0.

At last week’s FOMC meeting, the Federal Reserve acknowledged that inflation has eased compared to the previous year. However, the recent data show unsatisfactory progress toward the Federal Committee's 2% objective. And some officials have suggested that a further tightening might be the way to br

In the past week, despite the absence of any significant economic catalysts, the Indian markets had corrected slightly more than 2%, a divergence from the relatively bullish trend observed in major global economies. Looking ahead to this week, the focus shifts to the United States where we anticip

Nifty It is still on mixed signal. Would not be taking fresh long position with high confidence. On the contrary if 22300 is decisively broken on the down side, would comfortably take short and hold on to it. Until the level is broken a smart trade would be a non-directional one. Upside resistance

Nifty: Nifty clearing 22350 should turn bullish given there is a 1hr close above. We will not be focusing to trade Nifty as it is still mixed signal. Banknifty: Banknifty clearing 47900 should turn bullish given there is a 1hr bullish closure above that. Will be focusing to trade Banknifty as i

Brief History: Tata Motors originated in 1945 as Tata Engineering and Locomotive Co. Ltd. (TELCO), primarily focusing on locomotive and heavy metal engineering manufacturing. Collaborating with Benz in 1954, it expanded into commercial vehicle production. In 2003, the company was renamed as Tata Mo

Brief Note: Tata Motors has extensive expertise across various segments such as passenger vehicles, heavy and light commercial vehicles, and passenger carriers. They have also been actively exploring opportunities within the expanding electric vehicle (EV) segments. Identifying direct competitors f

Following last week, Powell commented on Wednesday at Stanford about the higher-than-expected job numbers. In my view, this has opened the possibility that a rate cut may not be assured in June, as the fight against inflation has not completely settled yet. We are still continuing the stance of 'wa

Adding to the insights shared last week, the US has also published the economy’s GDP growth rate on Thursday, growing at 3.4%. This suggests that the GDP of the US economy has experienced an average growth rate of 3.15% over the course of 2023. In February, the PCE Index reflected a 0.3% MoM (Month-

Following last week's Federal Open Market Committee (FOMC) meeting and rate decision, the interest rates were retained at 5.5% as expected. Powell, the chairman of Federal Reserve, mentioned that if the economy continues to progress as anticipated, the Fed might reduce rates three times this year.

Last week, inflation in the US stood at 0.4% month-on-month basis and 3.2% year-on-year (YoY), slightly surpassing the estimated 0.3% (MoM). On Thursday, the Purchase Price Index data came out at 0.6% MoM in February, doubling the analyst’s expectation of 0.3% and marking its highest reading since A

From the Fed’ testimony last Wednesday, Fed’s Chairman Powell stated that if the economy could continue its progress as anticipated, there may be expectations of three rate cuts during the later half year. However, he cautioned that this outcome is not certain at the moment. Powell affirmed that the

As Infosys falls within the IT sector, which was the focus of the previous analysis on TCS, all assessments include Infosys. For a concise report on this, please refer to TCS week #2. (https://www.tmotrac.in/forum/fundamental-analysis/tcs-peer-analysis) For this week, we will now compare the market

Previous week update: (https://www.tmotrac.in/forum/economic-events/weekly-lookout-9-24) The Last week’s Personal Consumption Expenditures (PCE) data for US closely matches expectations, with a year-over-year (YoY) increase of 2.4% and a month-over-month (MoM) rise of 0.3%. Which shows the signs th

Nifty Nifty same as last week. I personally prefer longs only. Once 22150 is reached, 21500 can be considered a strong structural support. Upon reaching if there is any change in character of Nifty will let you know in the futher updates for the week. Banknifty: Banknifty little caution is re