Nifty reacted positively to the Union Budget and gained over a percent in the passing week - Religare Sec

NIFTY OUTLOOK

* In continuation to its prevailing up trend, Nifty reacted positively to the Union Budget and gained over a percent in the passing week.

* Next week, we have RBI monetary policy scheduled on the 8th February and countdown for the state elections will also begin.

* Technically, Nifty is well placed on multiple chart fr

Nifty maintains 8700 second day on trot - GEPL

Key Highlights:

 The NIFTY opened @ 8724.75, marginally UP by around 8 points over Wednesday. The NIFTY seemed a bit lax till noon, in fact till 1 PM; a fall out of the stellar performance of the budget day. However as the day progressed, the BULLS seemed to be back in action after their due rest. Maintaining the 8700 level for a second day on tr

The intraday supports for the Nifty Bank index are placed around 19800 and 19655 - Angel Broking

Sensex (28227) / Nifty (8734)

A strong rally post the Union budget announcement was followed by a quiet session for our markets. We saw Nifty consolidating throughout the day in a range of nearly 70 points, however, the overall bias remained strongly positive, which was an encouraging sign for market participants. Eventually, the index managed to close

We expect today's pause in index to extend further - Religare Sec

Nifty Outlook

Markets settled on flat note in a range bound session today, taking a breather after Wednesday's surge. In line with the index, mostly sectoral indices also hovered in a narrow range and ended unchanged. Amid all, movement continued on stock specific front, which kept the traders busy till end.

We expect today's pause in

Nifty takes a pause - Sharekhan

Market on February 02, 2017: Support @ 8672

The Nifty in today’s session opened marginally positive. After the muted opening, it scaled above the 78.6% retracement mark, ie 8740. However, it couldn’t sustain in the higher territory and closed below the key Fibonacci level. Once the level of 8740 is breached on a closing basis, the Index wil

Nifty crosses the hurdle @ 8700 as a benign Union Budget fuels optimism… - GEPL

Key Highlights:

* The NIFTY opened @ 8570.35, marginally UP by around 11 points over Tuesday. The NIFTY seemed quiet nervous before & during the Union budget speech as it held onto the 8550 mark. However just as the budget speech was about to close, the BULLS put their best foot forward. Rising in strength with each moment passing, the NIFTY buzzed

The near term supports for the Nifty Bank index are placed around 19800 and 19655 - Angel Broking

Sensex (28142) / Nifty (8716) 

Finally, our Finance Minister presented the Union Budget for FY 2017 – 2018, which was much awaited event for the market participants. Last year our markets bottomed out on the Budget day and this time, we witnessed a massive intraday up move post the announcement to add another 1.81% to the recent upward leg o

Markets to make a soft-to-flat start after big rally of last session - LKP Sec

Domestic Market View     

The Indian markets went for a rally on the big day of budget and the major benchmarks surged close to two percent, getting relief from the budget where there was no hike in STT and the long term capital gains rules were untouched. Today, the start is likely to be mildly soft-to-cautious and consolidation mood ma

Bulls gain an upper hand - Sharekhan

Market on February 01, 2017: Support @ 8672

The Nifty in today’s session rallied significantly and formed a bullish outside bar on the daily chart. Our intra-day buy recommendation initiated at the opening near 8574 yielded a profit of 58 points and was booked at 8632. Towards the end of the session, our positional buy recommendation got initiate

Markets to make a flat start of the Budget day - LKP Sec

Domestic Market View     

Markets to make a flat start of the Budget day

The Indian markets reacting negatively to economic survey’s cut in GDP growth projections ended with lower by over half a percent in last session. Today, the start of the big day of budget is likely to remain cautious

Nifty slips below 8600 mark on the eve of the Union Budget 2017 - GEPL

Key Highlights:

* The NIFTY opened @ 8629.45, marginally DOWN by around 6 points over Monday. The NIFTY made a day’s high @ 8631.75 in a very initial moments of the session and after that it formed Lower Top Lower Bottom formation and moved to downward direction throughout the day and closed below the 8600 level. To shut shop Nifty closed @ 8561.

Now the Union Budget will decide the next move - Religare Sec

Nifty Outlook

Nifty inched lower in a volatile session today and lost nearly a percent, taking cues from weak global markets and caution ahead of the Union Budget. The fall was led by IT stocks in reaction to the news of H1-B visa bill tabled in the US House of Representatives. Besides, participants took note of the Economic Survey report wherein they

The intraday supports for the Nifty Bank index are placed around 19275 and 19110 - Angel Broking

Sensex (27656) / Nifty (8561)

Our markets opened on a flat note and immediately started drifting lower after taking cues from weak global bourses. This corrective move extended as the day progressed as so many heavy pockets witnessed tremendous profit booking, especially in the latter half. As a result, the Nifty eventually ended the session with more

Bulls pull out some profit ahead of budget - Sharekhan

Market on January 31, 2017: Crucial intraday support @ 8501

The Nifty opened today in the negative territory, ie below the swing low of the “Harami Cross” candlestick pattern that was formed on Monday, and as per our anticipation it did fall. Our intraday targets were 8591 and 8540, and the initially target was achieved. However, it fell sh

We feel it might continue tomorrow as well but with a positive tone - Religare Sec

Nifty Outlook

Markets settled almost flat in a dull trading session today, mirroring global counterparts. Initially, it was the fear of recent immigration curbs from the US which spooked the markets across the globe, including ours. Also, participants preferred to book some profit after the recent surge, safeguarding their investments ahead of Union Bu

Markets to make a cautious start ahead of Economic Survey - LKP Sec

Domestic Market View     

Markets to make a cautious start ahead of Economic Survey

The Indian markets after a choppy trade ended modestly in red in last session. Today, the start is likely to remain cautious amid weak global cues and all eyes will be on the release of Economic Survey 2017-18, w

Nifty wallets around the 8650 mark -GEPL

Key Highlights:

* The NIFTY opened @ 8635.5, marginally DOWN by around 6 points over last Friday. The NIFTY remained in a tight consolidation zone right from the word GO; walleting around the 8650 mark all through the day. Moving on either side of the par level, NIFTY moved in a tight 45 point range; before closing little changed @ 8632.75 DOWN by 8.5

The near term supports for the Nifty Bank index are placed around 19405 and 19275 - Angel Broking

Sensex (27850) / Nifty (8633)

A stupendous rally in the week gone by was followed by a soft opening in our market despite not so favorable global cues. Subsequently, the index remained in a narrow range throughout the remaining part of the session to conclude with negligible losses.

Yesterday’s lethargic move was quite evident after wit

Bulls take a breather - Sharekhan

Market on January 30, 2017: Nifty forms Harami cross

The Nifty opened mildly lower and traded within a short range for the entire day. It finally closed forming a Doji. Now, since this Doji has closed within the prior body, it is termed as ‘harami cross’ candlestick pattern. So, the swing high and swing low of the same become very important

The Nifty now trades above all the three averages - GEPL

Observations:

1. As on 27.1.2017, the long term moving averages stand as below: 50 DMA @ 8211.30, 100 DMA @ 8420, 200 DMA @ 8337. The NIFTY now trades above all the three averages, though 50 DMA still trades a shade short of the 200 DMA. The markets hence seem to be interestingly poised.

2. Bulls were on roll as Nifty 50 ended the Friday ses