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Rollover Analysis - Post 18% Rally Off June Lows, Nifty Turns Wobbly Near 18,000: Yes Securities

Rollover Analysis - Post 18% Rally Off June Lows, Nifty Turns Wobbly Near 18,000: Yes Securities

<div class="paragraphs"><p>Stock market movement. (Photo by <a href="https://unsplash.com/@austindistel?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Austin Distel</a> on <a href="https://unsplash.com/s/photos/stock-market?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
Stock market movement. (Photo by Austin Distel on Unsplash)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Yes Securities Report

Key U.S. indices retreated, failing to sustain above their May peak. Dollar index rallied to revisit levels of 109. Brent crude oil prices rebounded off the support zone, while U.S. gold prices found support near 1730 level.

August series Highlights-

  • Nifty concluded near 17500, up for the consecutive series; In last two series Nifty rallied ~11%, while from June month’s low it jumped 18% to make a high near 18000.

  • Sectoral trend was largely positive.

  • Metal and Energy indices were top movers, both rallied over 8‐10% eoe

  • IT and pharma index lacked directional moves on either side, both ended flat.

  • Auto and fast moving consuemer goods index continued their northbound journey in uncharted territory; however, recently auto index witnessed profit‐taking off the record high.

Click on the attachment to read the full report:

Yes Securities Rollover Analysis Aug 22.pdf

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