Did Nifty just start a new Bull Run? Elliott Wave analysis correctly predicted the 1000-point rally from 24,500. We analyze the impact of the US-India Trade Deal and reveal the next big targets for Nifty and Bank Nifty.In This Video: 🔗 Source 💡 DMK Insight Nifty’s recent 1000-point surge from 24,500 could signal the start of a new bull run, but traders need to stay cautious. The Elliott Wave analysis suggesting this rally aligns with broader market trends, particularly the potential impact of the US-India Trade Deal. If this deal strengthens economic ties, it could provide a solid foundation for further gains in Nifty and Bank Nifty. Traders should keep an eye on key resistance levels, as a break above recent highs could confirm bullish momentum. However, it’s worth noting that market sentiment can shift quickly, especially with external factors like inflation or geopolitical tensions. On the flip side, if the rally falters, we could see a quick retracement, so monitoring the 24,500 level is crucial. A drop below this point might trigger profit-taking and shift sentiment back to bearish. For now, the next big targets for Nifty are likely above 25,500, but traders should be prepared for volatility as the market digests these developments. 📮 Takeaway Watch the 24,500 level closely; a sustained move above it could confirm a bullish trend, while a drop below may signal a reversal.

The Japanese Yen (JPY) experienced significant volatility at the start of 2026, trading between 153 and 159 before finishing the month slightly stronger. 🔗 Source 💡 DMK Insight The JPY’s wild swings between 153 and 159 signal a brewing storm in forex markets. This volatility is likely driven by shifting monetary policies and geopolitical tensions, which can catch traders off guard. As the Bank of Japan continues its ultra-loose stance while other central banks tighten, the JPY could face further pressure. Traders should watch for key resistance around 159 and support near 153. A break below 153 could trigger a deeper sell-off, while a rally past 159 might attract bullish sentiment. It’s also worth noting that this volatility could spill over into other currencies, particularly the AUD and NZD, which often correlate with JPY movements due to their ties to Asian markets. Keep an eye on economic indicators from Japan and the U.S. that could impact these levels, especially any surprises in inflation data or employment reports. The next few weeks will be crucial for positioning ahead of potential shifts in market sentiment. 📮 Takeaway Watch for JPY to break below 153 or above 159; these levels could dictate the next major move.

The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Tuesday, after the Reserve Bank of Australia (RBA) delivered a widely expected interest rate hike, lifting the Aussie broadly across the board. 🔗 Source 💡 DMK Insight The RBA’s interest rate hike is a game changer for AUD/USD traders right now. With the Australian Dollar gaining momentum, this move signals a shift in monetary policy that could lead to further strength in the AUD. Traders should be aware that the RBA’s decision reflects a commitment to combat inflation, which is crucial as it sets the stage for potential future hikes. This could create a bullish trend for the AUD, especially if the USD remains under pressure from ongoing economic uncertainties. Watch for key resistance levels around recent highs, as breaking through these could trigger a new wave of buying. On the flip side, if the USD rebounds due to stronger-than-expected economic data or a hawkish stance from the Federal Reserve, it could dampen the AUD’s gains. Keep an eye on the upcoming US economic indicators, as they could provide insight into the USD’s trajectory. For now, monitor the AUD/USD pair closely, especially around the 0.6500 level, as it could act as a pivotal point in the near term. 📮 Takeaway Watch the AUD/USD closely around the 0.6500 level; a break above could signal further gains for the Aussie.

Silver (XAG/USD) rebounds sharply on Tuesday and trades around $85.30, up roughly 6.50% on the day at the time of writing. 🔗 Source 💡 DMK Insight Silver’s sharp rebound to $85.30, up 6.50%, signals a potential shift in market sentiment. This surge could be attributed to a mix of geopolitical tensions and inflation fears, which often drive investors toward precious metals as safe havens. Traders should note that this spike might attract both retail and institutional interest, especially if it breaks above previous resistance levels. Keep an eye on the $86 mark; a sustained move above that could trigger further buying momentum. On the flip side, if silver fails to hold these gains, we might see a quick retracement, so monitoring the $83 support level will be crucial. In the broader context, this rebound could also influence correlated assets like gold (XAU/USD), which often moves in tandem with silver. If gold starts to rally as well, it could reinforce the bullish sentiment in the precious metals sector. Watch for any economic data releases this week that might impact inflation expectations, as they could further sway silver’s trajectory. 📮 Takeaway Watch for silver to hold above $86 for bullish momentum, while $83 is key support to monitor for potential retracement.

TD Securities’ report by Alex Loo discusses the outlook for the Chinese Yuan (CNY) in 2026. The report highlights that while the CNY is significantly undervalued, expectations for a sizable revaluation may be misplaced. 🔗 Source 💡 DMK Insight The CNY’s undervaluation could create trading opportunities, but don’t expect a quick revaluation. TD Securities’ report suggests that while the Chinese Yuan is undervalued, the anticipated revaluation might not happen as soon as traders hope. This is crucial for forex traders looking at CNY pairs, especially against the USD. If you’re holding long positions on CNY, be cautious; the market may not react as expected, and volatility could spike if economic indicators from China don’t align with bullish sentiment. Keep an eye on key economic data releases from China in the coming months, as they could provide insights into the Yuan’s trajectory. Also, monitor the USD/CNY pair closely—if it breaks above a certain resistance level, it could signal further weakness in the Yuan. On the flip side, if the market starts to price in a slower revaluation, it might create a buying opportunity for those looking to enter long positions at lower levels. Watch for any shifts in China’s monetary policy or trade relations that could impact the Yuan’s value significantly. 📮 Takeaway Watch the USD/CNY pair closely; a break above key resistance could signal further Yuan weakness, impacting trading strategies.

The Reserve Bank of Australia (RBA) raised its interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA’s hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon. 🔗 Source 💡 DMK Insight The RBA’s rate hike to 3.85% signals a commitment to combat inflation, and here’s why that matters now: With inflation pressures still looming, traders need to brace for potential volatility in both the forex and equities markets. A hawkish RBA could lead to a stronger Australian dollar, impacting currency pairs like AUD/USD. If the RBA continues tightening, we might see further rate increases, which could push the AUD higher against major currencies. Keep an eye on the 0.65 level for AUD/USD; a break above could trigger bullish sentiment. On the flip side, if inflation shows signs of easing, the RBA might pivot, leading to a potential sell-off in the AUD. Watch for upcoming inflation data releases and global economic indicators that could influence the RBA’s next moves. The market’s reaction to these developments will be crucial, especially for traders looking to capitalize on short-term fluctuations. 📮 Takeaway Monitor the AUD/USD around the 0.65 level; a break could signal further strength if the RBA maintains its hawkish stance.

The January BoK MPC minutes reveal a shift towards a more hawkish stance, indicating increased market sensitivity to potential tightening. Despite mixed signals, including a lower USD/KRW and rising property prices, the current data does not decisively sway the Committee’s views. 🔗 Source 💡 DMK Insight The BoK’s hawkish shift is a game changer for traders focused on the KRW and related assets. With the MPC minutes indicating a readiness to tighten, traders should brace for volatility in the USD/KRW pair. A lower USD/KRW suggests that the market might be pricing in these hawkish expectations, but rising property prices could complicate the narrative. If the BoK continues down this path, we could see a stronger KRW, impacting not just forex traders but also equities tied to the South Korean economy. Watch for key resistance levels in USD/KRW; a break below recent lows could signal further downside. Conversely, if property prices continue to rise without a corresponding economic boost, it could lead to a more cautious approach from the BoK, creating potential trading opportunities on the flip side. Keep an eye on upcoming economic data releases that could influence the BoK’s next move, particularly inflation metrics and employment figures. These will be crucial in determining whether the current hawkish sentiment holds or if the Committee reverts to a more dovish stance. 📮 Takeaway Monitor USD/KRW closely; a break below recent lows could indicate further KRW strength as the BoK tightens.

• The Canadian Dollar found fresh footing on Tuesday, keeping USD/CAD bids below 1.3700. 🔗 Source 💡 DMK Insight The Canadian Dollar’s resilience below 1.3700 against the USD signals potential bullish momentum for CAD traders. With USD/CAD bids struggling to break this level, it suggests that the market is pricing in a stronger outlook for the Canadian economy, possibly driven by rising oil prices or positive economic data. Traders should keep an eye on crude oil movements, as a sustained increase could further bolster CAD. Additionally, if the pair holds below 1.3700, it might trigger a wave of short positions, amplifying downward pressure on the USD. But here’s the flip side: if the USD strengthens due to unexpected economic news, we could see a swift reversal. Watch for key economic releases from both Canada and the U.S. this week, as they could provide the catalyst for a breakout or breakdown. In the immediate term, monitor the 1.3650 support level; a breach could open the door for further CAD gains, while a failure to hold above 1.3700 might lead to a retest of higher USD levels. 📮 Takeaway Watch USD/CAD closely; a hold below 1.3700 could signal further CAD strength, especially if oil prices rise.

The Dow Jones Industrial Average (DJIA) traded in mixed territory on Tuesday, dipping around 166 points, or 0.3%, after briefly touching a new intraday record of 49,653.13 earlier in the session. The S&P 500 fell 0.8% as investors dumped technology stocks, while the Nasdaq Composite shed 1.4%. 🔗 Source

New Zealand Labour Cost Index (QoQ) came in at 0.4% below forecasts (0.5%) in 4Q 🔗 Source 💡 DMK Insight New Zealand’s Labour Cost Index missing forecasts is a red flag for traders: A 0.4% increase, below the expected 0.5%, signals potential economic slowdown. This could impact the NZD, especially if inflationary pressures ease, leading to a dovish stance from the Reserve Bank of New Zealand. Traders should watch for shifts in monetary policy, as weaker labor costs might prompt the RBNZ to reconsider interest rate hikes. Look for NZD/USD to test key support levels if this trend continues, particularly if the next inflation report also disappoints. A sustained drop below recent lows could trigger further selling pressure. On the flip side, if upcoming data surprises positively, it could lead to a sharp reversal. Keep an eye on the broader market sentiment towards risk assets, as this could influence the NZD’s performance against major currencies. 📮 Takeaway Watch NZD/USD closely; a drop below recent support levels could signal further weakness in the NZD amid slowing labor costs.