Climbing up - Sharekhan

Market on May 04, 2017

After a gap-up opening, the Nifty crossed the upper end of the falling channel on the hourly chart. Soon after the opening, the Index corrected to re-test the upper channel line, which attracted fresh buying interest. Presence of the key hourly Moving Averages provided additional support to the Nifty, pushing it towards the day&r

The intraday supports for the Nifty Bank index are placed around 22600 and 22450 - Angel Broking

Sensex (30126) / Nifty (9360)

Yesterday, first half was quite identical to previous couple of sessions as the index opened higher and then corrected a bit from day’s high. But, the end was completely different as we witnessed a strong buying interest at lower levels after filling up morning’s gap to conclude the session almost at the highes

The Bank Nifty higher side resistance still remains firm at 22980 levels - Tradebulls Sec

Nifty Spot View

Equity benchmark index CNX Nifty opened higher and extended morning gains throughout the session. The benchmark index CNX Nifty reclaimed 9350 marks and settled above the same at the end. Momentum Indicator RSI for 14-day period is poised at 67.20 indicating firm trend at current levels. Next crucial Resistance for Nifty futures is seen

Markets settled with decent gains today amid volatility and closed around the day`s high - Religare Sec

Nifty Outlook

Markets settled with decent gains today amid volatility and closed around the day’s high, thanks to upbeat domestic cues. Clearance of an ordinance related to bad loan issue of banks came in as breather especially for PSU pack. Also, better than expected results from the private banking major, ICICI Bank, further boosted the sentime

NIFTY will face major hurdle around 9,500 mark - Reliance Sec

Technical Research

MARKET SYNOPSIS

* Yesterday, NSE-NIFTY remained in pressure post firm opening amidst weakness in index heavyweights. Later, index oscillated around the neutral line and finally, settled the session on flat note at 9,312 level.

* NSE Cash segment reported turnover of Rs25,273 crore

Nifty ended almost unchanged in a dull session today amid mixed cues - Religare Sec

Nifty Outlook

Nifty ended almost unchanged in a dull session today amid mixed cues. The PM’s review meet to analyse progress of important ongoing reforms boosted the sentiment initially. But, caution ahead of US Fed meeting outcome combined with the global rating agency, Fitch’s, unchanged stance on India rating capped the upside as the day

The Nifty Bank index are placed around 22170 and 22100 - Angel Broking

Sensex (29895) / Nifty (9312)

Similar to previous session, our markets opened slightly higher inline with global bourses and then remained under pressure for the major part of the day. However, the volatility was on the lower side as compared to Tuesday’s session. Eventually, the Nifty ended the session on a flat note by successfully defending t

The Bank Nifty higher side resistance still remains firm at 22630 levels while the 22200 level - Tradebulls Sec

Nifty Spot View

Equity benchmark index opened higher but struggled to hold the gains at higher levels ahead of the outcome of two-day Federal Reserve Policy meeting. The benchmark index CNX Nifty (Spot) tested 9300 marks and settled near the same at the end. Momentum Indicator RSI for 14-day period is poised at 63.70 indicating firm trend at current le

Stuck in a range - Sharekhan

Market on May 03, 2017

The Nifty opened on a positive note today but faced resistance near the upper end of the falling channel on the hourly chart. Consequently, the Index tumbled towards its crucial daily Moving Averages where it was trading throughout the day. As a result, the Nifty has formed an Inside Bar in today’s session. There is a scope

The Nifty to next upside Targets of 9410 and 9440 level - Tradebulls Sec

Nifty Spot View

Equity benchmark index CNX Nifty witnessed volatile trades and finished the session with marginal gains as investors booked profits at higher levels. The benchmark index CNX Nifty (Futures) tested 9300 marks but recovered well and settled above the same at the end. Momentum Indicator RSI for 14-day period is poised at 63.94 indicating f

Markets to make a green start on positive global cues - LKP Sec

Domestic Market View

Markets to make a green start on positive global cues 

The Indian markets after giving up early gains and a volatile day of trade managed a flat closing in last session. Today, the start is likely to be in green and traders will be reacting to report that Prime Minister Narendra Modi

The Nifty will face major hurdle around 9,450 mark - Reliance Sec

Technical Research

MARKET SYNOPSIS

* On Tuesday, NSE-NIFTY opened higher but failed to sustain momentum at higher levels above 9,350 levels and led to sharp profit booking in index pivotals to mark a low of 9,270 levels, a rebound in the second half index bounced from the lower level and finally, settled the s

Opportunity for bulls - Sharekhan

Market on May 02, 2017

The Nifty opened gap-up today near the daily upper Bollinger Band, where it faced selling pressure. Consequently, it tumbled below 9300 on an intra-day basis. Nevertheless, the Nifty received support near the lower end of a falling channel on the hourly chart and recovered significantly. The trading activity over the last 3-4 ses

The intraday supports for the Nifty Bank index are placed around 22170 and 22100 - Angel Broking

Sensex (29921) / Nifty (9314)

After an extended weekend, trading began slightly higher citing to positive cues from the Asian bourses. However, immediately post the opening hour, we witnessed a sharp corrective move to test the 9270 mark. As expected, the Nifty rebounded from this intraday support zone and eventually closed with minor gains beyond the

We will continue to see stock specific movement in the near term - Religare Sec

Nifty Outlook

Indian market continued to consolidate amid a choppy trading session. The Nifty index ended up 10 points to close at 9314 level ahead of the US Fed’s policy decision tomorrow. Auto shares were in focus as some companies reported their monthly volumes for April. Healthcare, Metal and Capital goods indices saw some profit taking while

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

Observations:

1. As on 28.4.2017, the long term moving averages stand as below: 50 DMA @ 9069, 100 DMA @ 8711, 200 DMA @ 8638. 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 a carry forward of positio

The Bank Nifty higher side resistance still remains firm at 22630 levels while the 22200 level - Tradebulls Sec

Nifty Spot View

The benchmark index CNX Nifty (spot) extended losses and ended in red following muted global cues and recovery in USD/INR futures. Nifty (spot) tested 9300 marks and settled near the same at the end. Momentum Indicator RSI for 14-day period is poised at 63.25 indicating firm trend at current levels. Next crucial Resistance for Nifty fut

Markets to get a flat-to-positive start of the new week - LKP Sec

Domestic Market View

Markets to get a flat-to-positive start of the new week

The Indian markets lost over a quarter percent in the last session, showing a lackluster performance and markets remaining in red through the session. Today, the start is likely to be flat-to-cautious. Traders however may get some sup

NIFTY sees profit booking emerge in the heavyweights - GEPL

Key Highlights:

NIFTY sees profit booking emerge in the heavyweights. Broader markets stay put.… 

* The NIFTY opened @ 9340.95, a marginal tick-down of around 2 points over expiry day. The day HIGH ticked at the opening itself, with HIGH created within 3 points of the open. Profit booking emerged in heavywei

We expect stock specific action to continue in the coming trading sessions - Religare Sec

Nifty Outlook

Indian market continued to trade lower as investors preferred to book profits ahead of the long weekend. The Nifty index declined 0.4%, down 38 points to end just above 9,300 level. On sectoral front, Auto, Metals and Banking sector were top gainers. Banking stocks saw good buying interest largely led by PSU banks and select private banks