Is the Next Recession Around the Corner? - 06 April 2023

Is the Next Recession Around the Corner?

Unemployment Rates in the US remain above the expected levels despite a slight fall compared to previous data. Since the Unemployment rates remain high also indicates signs of an overheating economy. Also, the continuing hikes in interest rates and companies reigning in cost will result in more increase in unemployment rates which clearly indicates the bears will be in charge. US Dollar Index (DXY) fell by 0.27% following the unemployment rates published. Since it's a market holiday for the Indian market tomorrow based on the Non-Farm employment rate publishing tomorrow will also play a significant role in finding out whether the Indian markets are going to continue the Bull run or the bears will take over the Bulls. Technical Outlook As expected, we witnessed a 4th consecutive day bull run in the market. Today the market opened with a gap down of 20 points from yesterday's closing, and soon, the bulls took over the bears and took Nifty 50 to 17640 levels (+0.6%) and closed at 17600 levels. As discussed above, if the bears took over the bulls, then on Monday, we can expect a gap down with a support at 17350 to 17400 levels followed by 17200 levels.

Popular Blogs

18 May 2024


Performance for our Advertisement revenue: Q1 FY'24 - INR 893million Q2 FY...

11 May 2024

Zomato Average

▪️ when average order values increase, that could also impact margins, when ...

05 May 2024

Aftermarket Ser

Beyond the Vehicle sales, the company also generates a good source of income on ...

30 April 2024

VBL most sellin

Yes, you heard it right – STING is supreme as the highest-selling beverage bra...

26 April 2024

PEPSI was once

Yes, you heard it right! PepsiCo was the first Large US Company to enter in...