Late sell-off mars the day - Sharekhan

Market on December 28, 2016: Resistance at 8100

The Nifty opened higher and ended the trading session on a flat note. Post a 5-wave decline, the Index was inching higher throughout the day only to witness a sharp cut in the late trading session. However, till the Nifty does not surpass its hurdle zone of 8040-8100, the upside will be capped at that lev

Feel Thursday's expiry will be more volatile than it has been for several months -Religare Sec

Nifty Outlook

Nifty made a strong comeback on Tuesday and gained over one and half percent, thanks to a swift recovery in index majors. Sentiment was upbeat from the beginning in reaction to the FM's hint on lower tax regime. But, the markets gained real momentum in the latter half and closed around the day's high, indicating short covering of

The intraday supports for the Nifty Bank index are placed around 17780 and 17600 - Angel Broking

Sensex (26213) / Nifty (8033)

It was a remarkable day for traders (especially bulls) as we not only saw respite after a recent corrective move but also a stupendous intraday recovery to reclaim the 8000 mark by a fair margin. As a result, the Nifty posted a strong close by adding nearly one and half a percent to its previous day’s close.

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Nifty regains 8000 with short covering at the helm - GEPL

Key Highlights:

* The NIFTY opened @ 7915.05 marginally UP by around 7 points over Monday. The first half an hour proved to be quiet jittery, as NIFTY momentarily went in negative territory yet maintained the 7900 levels. The first surge on short covering saw NIFTY conquering 7950 mark, that it maintained till around 1.30 PM. The second round of short

Markets to extend the positive mood with a green start - LKP Sec

Domestic Market View

Markets to extend the positive mood with a green start

The Indian markets went for an unexpected rally and the major benchmarks not only gathered gains of over one and half a percent but reclaimed their crucial psychological levels. Today, the start of the penultimate session of the F&

Nifty takes support of 7900, DII buying offsets FII selling - Dynamic Levels

Indian Market Outlook:

The Indian benchmark index Nifty saw sharp buying in the last hour of trading yesterday. The Index rallied by 120 points, propelled by DII buying at support levels. Nifty made a low of 7894 day before yesterday. Today the SGX Nifty is opening around the same levels and if these levels are crossed then bulls will have the upper ha

Nifty bounces back sharply - Sharekhan

Market on December 27, 2016: Resistance at 8084

The Nifty opened higher and ended the trading session on a positive note. Post a ‘5-wave decline’, the Index has seen a sharp pull-back. It has currently retraced 38.2% of the recent fall. The pull-back can extend up to 8084- 8130 (50% and 61.8% retracement levels, respectively), if it manages

Markets to rebound after last session’s sell-off - LKP Sec

Domestic Market View     

Markets to rebound after last session’s sell-off

The Indian markets suffered sharp correction in last session, as worried investors on capital gains tax buzz resorted to profit taking, despite clarification by the finance minister Arun Jaitley that the government

We feel traders should maintain extra caution now as Nifty is steadily drifting lower - Religare Sec

Nifty Outlook

Nifty made a weak start on Monday and shed nearly a percent, mainly pressurised by the domestic cues. It opened sharply lower in reaction to the Prime Minister's latest statement that his government wouldn't hesitate to make tough decisions like demonetisation in future and urged stock market participants to make fair contribution

The Nifty Bank index continued its corrective move and ended yesterday's session with loss of 1.28 percent - Angel Broking

Sensex (25807) / Nifty (7908)

A breather on Friday was followed by yet another gap down opening to start the proceedings for the concluding week of the calendar year. The price movement was certainly not so encouraging as the Nifty slipped below the important swing low of 7916.40 to post a new seven-month low.

Honestly speaking, we were not e

FII Selling And Introduction Of Long Term Capital Gain Tax Keeps Markets On Tenterhooks - Dynamic Levels

Indian Market Outlook:

Indian benchmark index NIFTY saw selling yesterday after a gap down opening at 7954. The Index made a low of 7896 after breaching the important level of 7916. Nifty traded in the range of 7900-7938 before closing at 7917. The markets in the December series saw heavy selling by FII's in the cash and F&O segment. There is a

Nifty at 50% retracement level - Sharekhan

Market on December 26, 2016: Resistance at 8022

The Nifty opened lower and ended the trading session on a negative note. The Index has broken the previous low of 7916 and has confirmed lower top/lower bottom pattern. However, it has ended around the 50% retracement level. The Nifty needs to see a followthrough fall in tomorrow’s trading session t

The up move in Nifty above the 200 DMA - GEPL

Observations:

1. As on 23.12.2016, the long term moving averages stand as below: 50 DMA @ 8304, 100 DMA @ 8505, 200 DMA @ 8246. The up move in NIFTY above the 200 DMA has been short lived and only a one week closing affair.

2. On Friday, Nifty 50 ended its seven days losing streak with minor gains of 6.65 points or 0.08% at 7985.75. However w

Nifty recovers only superficially, as psychological 8000 mark stands taken out on weekly basis - GEPL

Key Highlights:

* The NIFTY opened @ 7972.50 marginally DOWN by around 5 points over Thursday. The market continued with it’s WEAK self, carrying it forward from where it left on Thursday. Forming a low @ 7942 mark within an hour of beginning, the NIFTY recovered from the oversold position of previous 7 days to claw back above the 8000 mark. Howe

The top and downside seems capped in Nifty from the current levels - Religare Sec

Nifty Outlook

Nifty closed flat amid volatility on Friday, tracking mixed domestic and global cues. It opened slightly lower in early trade; however, traders took note of recent favourable developments from the GST Council meet, which not only capped downside but also triggered gradual rebound ahead. In line with benchmark index, mostly sectoral indice

Nifty To Open Gap Down On PM Modi Tax Comments - Dynamic Levels

Indian Market Outlook:

Indian benchmark Index is opening gap down as Prime Minister Modi gave ample hints of raising taxes in the capital markets, this will dent the sentiments as the market tries to recover from the demonetization set back. Today SGX NIFTY is trading at 7962 which is showing a gap down opening of 35 points. The important support level

Bears take a breather - Sharekhan

Market on December 23, 2016: Resistance at 8046

The Nifty opened lower but ended the trading session on a positive note. After relentless selling for the past seven trading sessions, the bears today took a breather. More importantly, the bulls managed to defend the support zone of 7930-7916. The possibility of a bounce towards 8055 cannot be ruled out

Nifty Pharma index witnessed steep sell-off in passing week as well - Religare Sec

NIFTY OUTLOOK

*  Nifty index traded with negative bias for most part of the week and finally concluded with cut of over 1.5%.

*  Technically, charts are still pointing toward further fall wherein 7900 spot is the immediate support. Also, we have derivatives expiry for the Dec month scheduled in the coming week and it’ll largel

Nifty Falls for Second Consecutive Week, FII Continue To Sell In Cash Market - Dynamic Levels

Indian Market Outlook:

Even as Nifty closed at 8000 levels this week, the Index tested levels of 7950 which is just 30 points shy of the previous month low of 7921. The benchmark Index remained weak in the last five trading sessions with FII's turning out as net sellers in the market. Nifty dropped almost 200 points from 8148 to 7953 in the course

Markets to continue the weak trend on sluggish global cues - LKP Sec

Domestic Market View     

Markets to continue the weak trend on sluggish global cues

The Indian markets continued their slide in the last session with Nifty making its longest losing streak in over a year and the Sensex slipped below the crucial psychological levels of 26000 on sustained capital