[ad_1] By Raj Deepak Singh, Head – F&O, Currency, and Commodity Research, ICICI Direct Strategy Position: small nifty 30 june 2022 15,700 call at 160 and short 30 june 2022 15,700 at 140, 30 june 2022 call 16000 at 43 and 30 june 2022 15,300 at 38 (1 lot each) Logic: The Nifty recovered around 2% last week in line with global indices after a sharp sell-off in the past week. However, the broader markets have underperformed relatively as they failed to see a major recovery amid unabated foreign institutional…
Tag: broader
Wall Street gains more than 2% in broader rebound
[ad_1] Major Wall Street indices jumped more than 2% on Tuesday as investors bought shares of megacap growth and energy companies after stock markets swooped last week on concerns of a global economic slowdown. All 11 major S&P 500 sectors edged up as stocks fell broadly last week after the benchmark index posted its biggest weekly percentage decline since March 2020. With investors trying to assess how far the stock could fall as they weigh the risks to the economy, the Federal Reserve has taken aggressive measures to try to…