The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds - Tradebulls Sec

Occurrence of a ‘Doji’ candlestick pattern near the upper end of the weekly channel coupled with the RSI regression from the overbought zone warranted towards a pause in momentum & a likely correction. On the daily scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless

Nifty closes at the Immediate Support @ 9370 - GEPL

Key Highlights:

NIFTY closes at the Immediate SUPPORT @ 9370. Expiry pressures may maintain status-quo, even as broader markets give way …

* The NIFTY opened @ 9410.90, UP by around 25 points over Tuesday; once again in the GREEN, as global peers moved a bit into the risk-off zone. Quiet similar to Tuesday, the market

We reiterate our cautious view on markets and suggest limiting leveraged positions - Religare Sec

Nifty Outlook

Markets remained under pressure for yet another day and closed marginally lower amid volatility. Traders really had a tough session as stocks were beaten down badly across the board. Among the sectoral pack, PSU banks and metal indices lost maximum closely followed by pharma and infra counters. The news of acceleration of tension with Pak

The intraday supports for the Nifty Bank index are placed around 22450 and 22325 - Angel Broking

Sensex (30302) / Nifty (9361)

Yesterday, we witnessed a flat opening in our market; however, the index remained under pressure for the major part of the day on the back of some geopolitical concerns on the domestic front. As a result, the Nifty eventually ended the session with a decent cut below the 9400 mark.

Due to yesterday's correcti

Weakness persists - Sharekhan

Market on May 24, 2017

The Nifty opened on a positive note today and made an attempt to break out from the Bullish Wedge pattern on the hourly chart. However, the index faced resistance near the key hourly Moving Averages and tumbled. The Bullish Wedge pattern can now be redrawn at the point where the Nifty has completed the last leg of the pattern in

Supports getting tested - Sharekhan

Market on May 23, 2017

Despite a positive opening for the Nifty, the bears dominated the entire day. The Nifty tumbled to test multiple supports. Nevertheless, the bulls managed to hold on to the 20DMA on a closing basis. For the day, 9400-9370 acted as a strong support zone. In terms of price patterns, the Nifty has formed a Bullish Wedge on the hourl

The intraday supports for the Nifty bank index are placed around 22450 and 22325 - Angel Broking

Sensex (30365) / Nifty (9386)

Yesterday, despite having favorable cues, our markets opened flat and corrected sharply in the initial hour to retest Friday’s low of 9390.75. Subsequently, we witnessed a decent recovery in the midst of the session; however, once again a strong selling pressure at higher levels dragged the index lower to test the s

The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds - Tradebulls Sec

On the daily scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week. We expect broad ranged action within the range of 9480-9260 & hence we continue to advocate mean reversion strategy fo

We suggest maintaining cautious view and keep the leveraged positions - Religare Sec

Nifty Outlook

Nifty settled half a percent down in a volatile trading session, continuing its corrective phase. The news of terror attack in Manchester, England triggered weak start but recovery in select index majors in the middle helped index to recoup losses. However, sentiment soured again in the latter half, in reaction to the latest update by the

The Nifty FMCG index ended up 3.6 percent after touching a record high earlier in the session - Kedia Commodity

Market Update

Indian shares closed marginally higher on Monday, with consumer stocks leading the gains as sentiment remained upbeat after the government finalised rates for the upcoming Goods and Services Tax. The broader Nifty closed 0.11 percent higher at 9,438.25, while the benchmark Sensex ended 0.35 percent up at 30,570.97. The Nifty FMCG index en

NIFTY remains on tenterhooks, even as heavyweight ITC puts the canons - GEPL

Key Highlights:

NIFTY remains on tenterhooks, even as heavyweight ITC puts the canons. NIFTY remains little changed at the end .…

* The NIFTY opened @ 9480.25, once again a GAP-UP by 52 points over last Friday; as global peers moved a bit into the risk-off zone. The first hour saw NIFTY having a take at the 9500 mark,

Stuck in a range - Sharekhan

Market on May 22, 2017

The Nifty opened gap-up today after falling in the last couple of days. However, it faced resistance near 9500 and the index retreated from that level. The Nifty continued to consolidate in the range of 9500-9400 and eventually formed an inside bar on the daily chart. This indicates indecision in the minds of market participants.

We continue to expect a possibility of testing the 9600 mark as long as Nifty stays above 9372 - Angel Broking

Sensex (30571) / Nifty (9438)

Trading for the week began on a cheerful note owing to positive global cues. But, quite similar to Friday's session, our markets failed to sustain at higher levels and hence, a gradual correction throughout the day led to yet another flat close for the index.

Clearly, last two days price action has created a

We continue to advocate mean reversion strategy which could be prudent with minor stops to avoid whipsaws during the week - Tradebulls Sec

Despite the volatility Nifty has managed to maintain its tail above the Channel. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week while a breach only above 9540 would unleash strong bullish momentum. With the F&O expiry just around the corner expect the ongoing ranged

Nifty has immediate support at 9350 and any breakdown might result in further selling - Religare Sec

Nifty Outlook

Nifty closed almost unchanged in a dull trading session, mirroring the previous session’s move. It opened with an uptick, thanks to the positive Asian markets but pressure at higher level eliminated all the gains in next few hours. Stocks, on the other hand, traded volatile on expected lines which kept traders busy till the end. Amo

Near crucial support zone - Sharekhan

Market on May 19, 2017

The Nifty opened gap up-today and climbed above 9500. However, it could not sustain there for long and slipped into the negative zone. On the way down, the Nifty broke the last session’s low of 9418. Nevertheless, the benchmark index witnessed buying as it approached the key support zone of 9370-9300. On the weekly chart, t

The ongoing sequence of higher tops and higher bottoms remain intact unless 9200 holds - Tradebulls Sec

On the 180 min scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week while a breach only above 9540 would unleash strong bullish momentum. Hence broad ranged bound action within 9530-9260 co

It`s more of global uncertainty which is haunting our markets - Religare Sec

Nifty Outlook

Nifty settled flat in a volatile session, continuing its consolidation phase. The early hour jubilation of the GST progression ended in no time and the index slipped into negative territory, taking note of negative global cues. Further, weakness in rupee against the dollar added to the pressure. While most sectoral indices ended lower, fi

The intraday supports for the Nifty Bank index are placed around 22628 and 22500 - Angel Broking

Sensex (30465) / Nifty (9428)

On Friday, we witnessed a gap up opening with a decent margin; but, as we generally see in such kind of market, all this early morning lead got sold into. In fact, during the day, the Nifty sneaked tad below the 9400 mark. However, the index managed to find some support at lows and hence, the Nifty eventually reclaimed th

The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds - Tradebulls Sec

On the 180 min scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week while a breach only above 9540 would unleash strong bullish momentum. Hence broad ranged bound action within 9530-9260 co

Nervousness from global peers, makes NIFTY to cave in - GEPL

Key Highlights:

Nervousness from global peers, makes NIFTY to cave in. Looses 100 points as heavyweight fatigue sets in .…

* The NIFTY opened @ 9453.20, a GAP-DOWN by 73 points over Wednesday on the back of nervousness emitting from the global peers. The first hour saw some respite, as NIFTY moved up a bit till 9490 b

The intraday supports for the Nifty Bank index are placed around 22578 and 22475 - Angel Broking

Sensex (30435) / Nifty (9429)

Yesterday, for the first time after March 22nd, our markets opened lower with a decent margin and eventually ended with a sharp cut of nearly 100 points on Nifty. Clearly, this was a rub off effect from the US bourses as we saw key indices there plunged overnight on the back of some political concerns with respect to thei