FACTORS TO WATCH?
GLOBAL RISK-OFF TRADE STARTS THIS WEEK
Global equities-Asian markets open in red after Trump threatens fresh tariffs to EU members on greenland issue..other countries may announce retaliation measures
Japan’s 30-year old bond yield rises by 30bps to 3.58%+China’s rare earth products exports fall in December as Japan issue remains but economic data was strong
Gold and silver at record highs on safe haven buying +Oil dips below $60/bbl on easing tensions in Iran+ Bitcoin falls $2k..near $91k mark
Dollar Index remains above 99 in last 5 days
Slight positive for Indian business-EU moves to force the phase-out of Chinese suppliers from key Infra+US senators push for favourable crop provisions in India trade deal+Trump invites PM Modi to join ‘Board of Peace’+India-EU FTA deal expected to be concluded head of Jan 26
SEBI-to introduce new framework in equity cash segment to determine closing stock prices+Overhauls MF rules: Introduces base expense ratio and separating fund management fees from statutory charges
Technical setup for Nifty Bank remains strong vs Nifty—weaker numbers from Reliance my show more divergence as compared with inline numbers from ICICI Bank/HDFC Bank..Nifty likely key support levels will be 50EMA..Nifty Bank momentum-long trades possible
FII shorts at 91% vs 92%, FII remains sellers for 9th day, Rupee falls to 1-month low against Dollar (Negative for FPIS-Tax rulings via Mauritius)
Key Longs-Capital Market, Select Bank