Nifty to stay firm and settle above 9100 - Religare Sec

Nifty Outlook

Markets witnessed a breather after yesterday’s fall and closed almost unchanged in a dull session. Participants were in the cautious mood from the beginning citing latest IMF report wherein they’ve trimmed India’s annual growth estimate for 2017. Besides, mixed global cues and possibility of follow-up selling also dampen

Approaching supports - Sharekhan

Market on April 19, 2017

The Nifty opened on a flat note today, traded in a narrow range throughout the day and ultimately posted a negative daily close. The hourly chart shows that the Nifty has formed an expanding triangle. The lower end of the pattern coincides with the 78.6% retracement of the recent rise where the Nifty was consolidating throughou

The intraday resistance for the index are placed around 21950 and 22100 - Angel Broking

Sensex (29319) / Nifty (9105)

Yesterday’s session was clearly a nightmare for traders as the intraday price movement was similar to a double-edged sword. The Nifty opened marginally higher and gave a sudden spurt in the initial hour to conquer the 9200 mark. Everything looked hunky-dory; but, quite surprisingly to most of the traders (including u

Wild swings - Sharekhan

Market on April 18, 2017

The Nifty opened gap-up today and surged above 9200. However, it could not cross a falling trendline from the swing highs. The Index faced strong selling pressure in the second half of the session, which pushed the Nifty down. Thus, the Ending Diagonal pattern has been ruled out and the fall is extending in a complex corrective

Nifty breaks below 9100 momentarily - GEPL

Key Highlights:

* The NIFTY opened @ 9163.00, a GAP-UP by around 44 points over Monday. The first half of the session saw NIFTY basking in BULL glory, as it moved past the 9200 mark, but still lower consecutively, as compared to previous two weeks. The later half saw culmination of selling pressure, as NIFTY slowly drifted DOWN, breaking below the 9100

Nifty has reached to its immediate support zone of 9100 - Religare Sec

Nifty Outlook

Markets were on a roller coaster ride today and finally ended lower, largely influenced by the local cues. Sentiment was upbeat initially in reaction to the World Bank’s latest report on Indian economy combined with supportive Asian markets. But, things changed dramatically as the session progressed and Nifty not only lost the early

We feel that markets are in wait and watch mood in anticipation of some decisive trigger - Religare Sec

Nifty Outlook

Markets settled almost flat in a dull trading session today, mirroring global counterparts. Sentiment was down in reaction to the latest RBI report showing weak credit growth which plunged to six-decade low at 5.08 in FY17. However, losses capped after the initial slide as traders took note of encouraging export figures combined with exce

Nifty started off the day on a slightly negative note - Tradebulls Sec

Nifty Spot View

Nifty started off the day on a slightly negative note and traded in a narrow range throughout the session. Bearish global cues pressurized the sentiments. Momentum Indicator RSI for 14-day period is poised at 53.70 indicating sideways to bearish trend at current levels. Next crucial Resistance for Nifty futures seen at 9220 levels while

Nifty breaches below 9150, as gradual drift sees Nifty correcting to test the Support @ 912 - GEPL

Key Highlights:

* The NIFTY opened @ 9144.75, marginally DOWN by around 6 points over last Thursday. In fact the OPENING minutes of trade saw the NIFTY creating the day HIGH as NIFTY moved DOWN in an almost full RED day. The BEARS made it a point to test the SUPPORT @ 9120 mark, as NIFTY broke below the 2 week LOW in first hour of trade and once again

Keep a close watch - Sharekhan

Market on April 17, 2017

The Nifty opened on a negative note but found support near the 61.8% retracement of the recent rise, ie 9120. An attempt to rebound after that was restricted near 9160. Once the Nifty crosses the resistance zone of 9160-9180, we can expect the continuation of the larger uptrend. In terms of price pattern, the Nifty can form an

The Nifty now trades above all the three averages, and the 100 DMA - GEPL

Observations:

1. As on 13.4.2017, the NIFTY closed the truncated week, with a loss of 47.5 points or 0.5 % at 9150.80 .

2. The long term moving averages stand as below: 50 DMA @ 8975, 100 DMA @ 8600, 200 DMA @ 8590. The NIFTY now trades above all the three averages, and the 100 DMA has now given a positive crossover, back above the 200 DMA.

Bank Nifty to remain volatile & a breach of 21850 - Tradebulls Sec

Nifty Spot View

Nifty started off the day on a slightly negative note and traded with volatile sentiments throughout the session. Nifty spot extended the losses and settled below 9200 level. It settled below 9200 levels at the end indicates negative sentiments. Momentum Indicator RSI for 14-day period is poised at 54.68 indicating sideways to bearish t

We have reached closer to the immediate support of 9100 mark in Nifty - Religare Sec

Nifty Outlook

mainly in reaction to weak domestic cues. Disappointed by the muted Infosys results and weak macro-economic data, participants were in the profit taking mood from the beginning which further intensified as session progressed. Mostly sectors traded in tandem to the benchmark and ended in red wherein IT and metal were the top losers.

Vigilance warranted - Sharekhan

Market on April 13, 2017

The Nifty opened on a flat note today and traded with a downward bias. It has reached near the lower end of the 9180-9150 support range. On the hourly chart, the fall is appearing as a corrective one. In terms of price pattern, the Nifty seems to have formed a wedge on the hourly chart, whose implications are likely to be bulli

Nifty, after trading range bound for most part of the week - Religare Sec

NIFTY OUTLOOK

* Nifty, after trading range bound for most part of the week, ended lower and lost nearly half a percent and finally settled at 9150.80.

* Existence of major hurdle around 9300 mark combined with weak global cues and anxiety ahead of earnings season capped upside; however, buying interest was witnessed in select index major amid

Nifty could remain sideways & a breach of 9270 at higher levels - Tradebulls Sec

Nifty Spot View

Nifty started off the day on a slightly negative note and traded with volatile sentiments throughout the session. Nifty spot witnessed smart recovery from lower levels and settled around 9200 levels. Benchmark Index got support at lower levels tracking volatile USD/INR futures. It breached crucial support of 9200 and settled near the sa

The Nifty Bank index are placed in the range of 21422 - 21396 - Angel Broking

Sensex (29643) / Nifty (9203)

Once again, despite having unfavorable global cues, our markets opened on a flat note and it was clearly poised for an up move. But as everyone knows, market is not as easy as it looks. We witnessed a sudden nosedive in the market immediately post first 15 minutes of trade. The Nifty cracked nearly 80 points in a span of h

Markets will react to the IIP and CPI inflation data in early trade - Religare Sec

Nifty Outlook

Nifty fell nearly half a percent amid volatility, in continuation to its prevailing consolidation phase. It made a dismal start following weak global cues and remained volatile thereafter. Recovery in select index majors helped to recoup some losses in the middle but caution ahead of important macro economic data and Infosys result capped

Tough battle - Sharekhan

Market on April 12, 2017

The Nifty witnessed a tough battle between the bulls and the bears today, resulting in sharp moves in both the direction. On the way down, the Nifty tested the support zone of 9180-9150, which coincides with multiple support parameters. Till the bulls hold on to the support zone on a closing basis, the larger trend will remain