Stock Market Important News

 23/02/2023 10:22PM 1) Nifty Closes down 43 points to 17511 2) Pharma stocks performed poor in recent days . The trend may change based on the Covid news in china . Today there was a news that schools in china closed due to covid  3) IT stocks also are also corrected a lot  4) Nifty has to either break out or break down . It is consolidating for more than a year . This may may happen in couple of month in April or may 2023 . Do not expect Nifty to keep on consolidating for whole 2023  5) Logistics stocks also corrected a lot  6) Budget could not trigger a pull in the market  7) Natural Gas MCX contract for Mar 2023 down 2% . This may increase the sales of CNG vehicles . But it depends on how much it is going down further  8) US markets down . Dow index down by 0.6percent while I am writing this message 

 23/02/2023 7:30AM 1) Fed  Minutes out - Further rate hikes expected to slow down inflation . S&P continues losing streak 2) MPC Meeting by RBI released . Monitory policy commity members had difference of opinion on rate hike . Two people felt futher rate hikes will reduce demand and affect growth  3) Need to watch Adani stocks today  4) Nifty may be flat or go down  5) There needs motivational and positive factors to take Nifty above 18000

 Stockmarket news 2/22/2023 1) Nifty 17554 (-272.4,-1.5%) - India Vix up by 11.28% . This shows the difference of opinion in the market .  2) Most of the stocks are down due to Ukraine Russia tensions & Expecting Fed rate hike 3) Markets are consolidating for more than a year - Nifty Roaming around 18000 4) Nifty Forms Lower lows in the Daily candle stick chart 5) Nifty may find support at 17400 6)  Adani stocks were down today some of them hitting lower circuit 7)  Based on fed rate hikes market will react tomorrow