Bulls keep an eye - Sharekhan

Market on April 28, 2017

The Nifty today saw the continuation of a minor correction that started in the last session. The Index is retracing after a three-day rally, which is appearing as an impulse on the hourly chart. The Index today tested the psychological mark of 9300 and formed a consolidation near the junction of 40Hour Exponential Moving Averag

We reiterate our positive view on index and suggest traders to keep leveraged positions hedged - Religare Sec

NIFTY OUTLOOK

* The Nifty index gained 2% led by good quarterly earnings and positive global cues. Even though the overall results till date have been mixed bag, many companies surprised the street with better than expected performance.

* Volatility in the passing week was mainly on account of quarterly results posted by many of the Index maj

Muted Session - Sharekhan

Market on April 27, 2017

The Nifty opened on flat note today & traded in a narrow range. The index witnessed some selling pressure towards the end of the session however the fall halted near the 20 Hour Simple Moving Average. The slide can continue further tomorrow as Nifty has completed an Impulse on the upside on the hourly chart, whose retraceme

The Nifty futures seen at 9380 levels while Support seen at 9300 levels - Tradebulls Sec

Nifty Spot View

The benchmark index faced resistance at higher levels tracking mixed global cues and recovery in USD/INR futures from lower levels. Nifty failed to sustain above 9350 mark. Momentum Indicator RSI for 14-day period is poised at 67.98 indicating firm trend at current levels. Next crucial Resistance for Nifty futures seen at 9380 levels wh

The Bank Nifty higher side resistance still remains firm at 22480 levels - Tradebulls Sec

Nifty Spot View

The benchmark index rallied for the third consecutive session and extended gains tracking positive global cues and appreciation of Indian rupee against US Dollar. Nifty breached 9300 mark and settled above the same. Momentum Indicator RSI for 14-day period is poised at 69.20 indicating firm trend at current levels. Next crucial Resistan

Bulls on the rampage - Sharekhan

Market on April 26, 2017

The Nifty continued with its recent winning streak for a third consecutive day. The rally, which had started from the lower end of the reverse rising channel, is extending smartly on the upside, and has taken out the upper end of the channel in today’s session. On the way up, the Nifty has crossed the all-time high of 927

The intraday supports for the Nifty Bank index are placed around 22027 and 21950 - Angel Broking

Sensex (30133) / Nifty (9352)

For the third consecutive day, our markets opened higher owing to positive global cues. It has been a great come back for our markets after undergoing few weeks of consolidation mode. In the process, the Nifty posted yet another record high beyond the 9350 mark. However, some hint of profit booking was witnessed at higher

We reiterate our positive view on market - Religare Sec

Nifty Outlook

Nifty inched higher for the third day in a row and gained nearly half a percent amid volatility. Firm Asian markets and strengthening rupee helped index to open strong which further supported by renewed buying in select index majors. However, profit taking in latter half marginally trimmed the gains and pushed the market breadth also slig

The intraday supports for the Nifty Bank index are placed around 21884 and 21794 - Angel Broking

Sensex (29943) / Nifty (9307)

After few weeks of pain, the bulls came back roaring in last couple of days. The Nifty was able to defend the 9100 mark successfully on a closing basis on various occasions and as a result, some positivity across the globe provided impetus to the rally to hit record highs beyond the 9300 mark. Yesterday, we witnessed a goo

Aiming higher - Sharekhan

Market on April 25, 2017

The Nifty carried forward Monday’s positive momentum, which resulted in the Index hitting a new all-time high today. The rally has started from the lower end of the reverse rising channel, where there were multiple parameters to provide support to the index. On the way up, the Nifty has crossed the all-time high of 9273.9

Nifty gained nearly a percent and made a new record high - Religare Sec

Nifty Outlook

Jubilation continues as Nifty gained nearly a percent and made a new record high above 9300. Better than expected results from the oil&gas major, Reliance, triggered the initial up move which further supported by rotational buying in other index majors. Global cues too remained supportive and helped index to close around the day&rsquo

In short term and prices may see further price correction towards 8950 - 9000 levels - GEPL

Observations:

1. As on 21.4.2017, the long term moving averages stand as below: 50 DMA @ 9017, 100 DMA @ 8654, 200 DMA @ 8614. The NIFTY now trades above all the three averages, and the 100 DMA has now given a positive crossover, back above the 200 DMA after almost 2 months.

2. The FII trend is indicating further lightening of positions in In

The intraday supports for the Nifty Bank index are placed around 21680 and 21580 - Angel Broking

Sensex (29656) / Nifty (9218)

Finally, after few days of pain, the bulls had something to cheer for. The benchmark index opened slightly higher in-line with other Asian peers and then went on to give a vertical rally throughout the remaining part of the day to conclude the session almost at the highest point of the day with more than a percent gains.

NIFTY conquers 9200, as geo-political worries wane. Broader markets outperform once again at new all time HIGH - GPEL

Key Highlights:

NIFTY conquers 9200, as geo-political worries wane. Broader markets outperform once again at new all time HIGHs.…

* The NIFTY opened @ 9135.35, UP by around 16 points over last Friday. However with the geo-political worries waning a bit, the market seemed to cherish the RISK -OFF. A full GREEN day, the

Heading north - Sharekhan

Market on April 24, 2017

The Nifty opened gap-up today and traded with a positive bias throughout the day. On the way up, the Nifty crossed certain crucial swing highs as well as the 20DMA and posted a daily close above 9200. Channel study shows that the Nifty formed a base near the lower end of the reverse rising channel and leapt higher. Consequently

Today`s up move was in line with our view but the hurdle at 9300 in Nifty - Religare Sec

Nifty Outlook

Nifty made an exceptional start of the week and gained over a percent today, thanks to positive local cues and supportive global markets. Participants took note of latest statement from the FM that the Indian economy will grow at 7.5% in this fiscal in accordance to favourable macro-economic environment. Besides, firm global markets espec

Index is expected to remain in the range - Tradebulls Sec

NIFTY WEEKLY

On the weekly scale, ‘Break Away Gap’ followed by a cluster of narrow ranged bodies is evident & augurs well for consolidation

* Recent occurrence of a Spinning Top formation on the weekly scale compliments the ongoing consolidation

* Highest Put OI stands at 9000 followed by 9100 while the CE congestion