The Nifty settled almost unchanged in a dull session today - Religare Sec

Nifty Outlook

Nifty settled almost unchanged in a dull session today, taking a pause after yesterday’s up move. Jubilation continued in the early trades but profit taking in the latter half completely trimmed the gains. Meanwhile, there was no shortage of trading opportunities with noticeable buying interest in media, auto and select banks.

Journey towards north continues - Sharekhan

Market on May 11, 2017

The Nifty opened gap-up today, above a trendline from the previous swing highs. However, it faced resistance near the Daily Upper Bollinger Band and tumbled to retest the trendline. Nevertheless, the bulls managed to post a positive daily close. On the hourly chart, the Nifty continues to form higher top and higher bottom, which

On the lower side 9280 remains a key support zone - Tradebulls Sec

In line with our expectation Nifty surged towards 9480, follow up action would elevate it towards 9630 in the coming week. Trend strength indicator is placed at 67.89 and is yet to report an overbought state auguring for an extension of the current trend. On the lower side 9280 remains a key support zone for the ongoing trend and could be maintained as a trailing stop level for longs. Momentum

The Nifty continued its optimism and posted a new high of 9450.65 - Angel Broking

Sensex (30251) / Nifty (9422)

Yesterday, most of the Asian bourses were trading on a cheerful note, which eventually had a rub-off effect on our market. The Nifty opened with a decent upside gap and registered a new record high in the opening trades. However, some of the cautious traders chose to take some money off the table; resulting into trimming

Bulls in the driving seat - Sharekhan

Market on May 10, 2017

The Nifty opened on a positive note today and traded with a bullish bias throughout the day. The consolidation on the hourly chart near the key hourly Moving Averages (MAs) has ultimately broken out on the upside. On the way up, the Nifty has surpassed several crucial hurdles and has posted a close above 9400 for the first time e

We continue to advocate longs with an expectation of a move towards 9480 followed by 9630 - Tradebulls Sec

Post 9 days of tight ranged action, Nifty finally managed to conquer 9400. The much awaited breakout seems to have occurred as the index traded confidently above 9360 signaling towards revival of momentum. Follow through action would see Nifty march towards 9480 & beyond. On the immediate scale, 9280 now qualifies as a vital level for ongoing uptrend to remain intact & could be maintain

The intraday supports for the Nifty Bank index are placed around 22664 and 22514 - Angel Broking

Sensex (30248) / Nifty (9407)

Our markets opened higher on the back of cheerful mood seen across the global bourses. Subsequently, this optimism accelerated as the day progressed and in the process, the Nifty registered a new record high beyond the 9400 mark. Barring nominal losses in IT and Realty sectors, all other sectoral indices contributed heavi

The Nifty finally ended its consolidation phase today - Religare Sec

Nifty Outlook

Nifty finally ended its consolidation phase today and gained over a percent. The Indian Meteorological Department’s (IMD) latest update on monsoon triggered upbeat start which further strengthened with buying interest in index majors. Mostly sectoral indices contributed to the rally wherein FMCG, Media and Auto topped the gainers li

It may see a short-term bearishness; correcting Index towards 9180/9020 levels - GEPL

Observations:

1. As on 05.5.2017, the long term moving averages stand as below: 50 DMA @ 9112, 100 DMA @ 8757, 200 DMA @ 8654. The NIFTY now trades above all the three averages, and the 100 DMA is now in a positive crossover with respect to the 200 DMA, and getting stronger by the day.

2. The FII trend is indicating that once again there is

A quiet session - Sharekhan

Market on May 09, 2017

The Nifty opened on a positive note today but traded in a tight range for the second consecutive day. Since the last couple of sessions, it is oscillating near its crucial Hourly Moving Averages, where it seems to be forming a shortterm base. The hourly chart shows that the Nifty has the potential to form a triangle; in which cas

We continue to advocate longs for a move towards 9480 - Tradebulls Sec

Consolidation continues as Nifty remains confined within the 'Channel' formation while the occurrence of the 'Doji' formation on the daily scale supports the same. A breach above 9360 would be an immediate requisite for regeneration of momentum while a breach below 9240 could drag the index lower towards the pattern support. Overall as the bullish sequence is intact and the expe

The Nifty has been trading in a narrow band for last eight sessions - Religare Sec

Nifty Outlook

Nifty continued to be directionless for yet another day and settled almost unchanged, in absence of any major trigger. The latest report from International Monetary Fund (IMF) on Indian economy helped index to open slightly higher but it fizzled out soon, tracking mixed global cues. Sectoral indices also traded mix and majority closed on

The Nifty Bank index are placed around 22514 and 22450 - Angel Broking

Sensex (29933) / Nifty (9317)

It was yet another day of consolidation for our markets; in fact, yesterday’s price range was thinner than the previous one. This lackluster move was very much in-line with global bourses and hence, the index eventually ended the session tad above the previous close.

Now, if we look at the hourly chart, we

Markets to make a flat but positive start on cautious global cues - LKP Sec

Domestic Market View

Markets to make a flat but positive start on cautious global cues

The Indian markets despite a choppy day of trade ended up by around a quarter percent in the last session. Today, the start is likely to be flat but in green. Markets will be getting some support with IMF’s statement

Bull vs bear tussle continues - Sharekhan

Market on May 08, 2017

The Nifty opened on a positive note today, but traded in a narrow range throughout the day. In terms of candlestick patterns, it formed a Harami Cross in today’s session, which shows indecision in the minds of market participants. The hourly chart shows that the Nifty had formed a Wedge and had broken out on the downside in

Overall as the bullish sequence is intact and the expectation of a breakout remains higher - Tradebulls Sec

Nifty remains confined within the 'Channel' formation while the occurrence of the 'Doji' formation on the daily scale supports the ongoing consolidation. A breach above 9360 would be an immediate requisite for regeneration of momentum while a breach below 9240 could drag the index lower towards the pattern support. Overall as the bullish sequence is intact and the expectation of

The Nifty Bank index opened on a positive note - Angel Broking

Sensex (29926) / Nifty (9314.05)

Trading for the week began on a cheerful note owing to positive global cues. Subsequently, we witnessed a range bound action within a thin band of merely 40 points throughout the session. Eventually, the index managed to close convincingly above the 9300 mark by adding 0.31% to its previous close. From the Nifty basket

The Nifty settled with modest gains in a dull session today - Religare Sec

Nifty Outlook

Nifty settled with modest gains in a dull session today, mirroring the trend of the last few sessions. It opened with an uptick following firm global cues but profit taking in select index majors capped upside. Sectoral indices traded in line with benchmark barring realty index which outpaced the others and gained over 4%.

With

The Nifty support at around 9,250 and then at 9,075 level - Reliance Sec

Technical Research

MARKET SYNOPSIS

* Yesterday, NSE-NIFTY rose to 9,339 level post firm opening on back of positive global cues, but later index remained sideways in absence of major headlines in the market. Finally, NIFTY closed the session with gain of 29 points at 9,314 mark

* NSE Cash segment re