Keep a close watch - Sharekhan

Market on March 08, 2017: Support @ 8900

The Nifty opened marginally positive but slipped towards 8900 and the hourly lower Bollinger Band in the first half of the session. Near those levels, the bulls rushed in to provide support to the Index. Consequently, it recovered to some extent and closed near the key hourly Moving Averages. As per the Elliott

We expect choppiness to continue ahead as well and suggest traders - Religare Sec

Nifty Outlook

Nifty traded volatile on expected lines today and settled marginally lower in the end. Participants were in profit taking mood from the beginning which trigger sharp plunge in the middle. However, rotational buying in select index majors not only capped downside but also helped index to recoup intraday losses as the session progressed.

The near-term supports for the Nifty Bank index are placed around 20464 and 20396 - Angel

Sensex (29000) / Nifty (8947)

A decent intraday rally on Monday was followed by a gap up opening with a small margin citing favorable global cues. However, similar to last Thursday, we witnessed a strong selling pressure right from the opening trade, leading to almost ‘Open High’ kind of situation for the market. Due to a gradual decline wi

Markets to make a mildly soft start on mixed global cues - LKP Securities

Domestic Market View 

 Markets to make a mildly soft start on mixed global cues

The Indian markets witnessed some profit taking in last session, as traders turned cautious ahead of last phase of voting for Uttar Pradesh elections. Today, the start is likely to be flat-to-mildly soft on mixed global

We suggest traders to partially hedge their existing trades - Religare Sec

Nifty Outlook

Market closed marginally lower in a dull session today, extending its consolidation phase. Participants preferred to book some profit and sit on side-lines in absence of any fresh trigger. Also, caution ahead of the last phase of state elections was weighing on the sentiments. In line with Nifty, mostly sectoral indices traded lacklustre

Nifty Stuck in a range - Sharekhan

Market on March 07, 2017: Resistance @ 8980

The Nifty opened on a positive note but faced resistance near 8980-9000, which is a key hurdle zone. It continued to consolidate in a broad range. However, the daily upper Bollinger Band is being pushed higher and is making room for the Nifty on the upside. As per the Elliott Wave Theory, the consolidation ca

The near-term supports for the Nifty Bank index are placed around 20464 and 20396 - Angel Broking

Sensex (29048) / Nifty (8963)

We had a great start for the new trading week as most of the emerging markets were quite cheerful after US Dollar Index maintaining its position below the 102 mark. In fact, the momentum kept on accelerating as the day progressed and due to such sustained buying, the Nifty closed with third quarter of a percent gains. Clea

Nifty traded with firm sentiments in last session due to buying support from traders - Tradebulls Sec

Nifty Spot View

Nifty traded with firm sentiments in last session due to buying support from traders. It managed to hold the gains at higher levels. Next important support seen at 8890 level. Nifty likely to trade with sideways se􀅶ti􀅵e􀅶ts i􀅶 today’s sessio􀅶 on profit booking at higher levels from traders. Nifty likely to trade with

We suggest traders limiting leveraged positions, considering hurdle at 9000 in Nifty - Religare Sec

Nifty Outlook

Nifty made a firm start and gained over half a percent, thanks to upbeat local cues. The news of GST council clearing two important legislations boosted the sentiments, further paving way for its timely implementation from July 1, 2017. Almost all the sectoral indices, barring IT and pharma, contributed to the rally and posted decent gain

Bulls flex muscles - Sharekhan

Market on March 06, 2017: Support @ 8900

The Nifty opened on positive note & scaled higher. For the day it has halted near 78.6% retracement of the recent fall. Nevertheless the larger picture shows that Nifty has a long way to go on the upside. As per Elliott wave Theory the index has formed wave four correction recently & fifth leg on the ups

We feel Nifty will remain sideways in the next session too - Religare Se

Nifty Outlook

Nifty settled almost unchanged in a dull session today, tracking mixed global markets and caution on the domestic front. Traders were concerned on the news of GST Council fixing the peak goods and services tax (GST) rate at 40 per cent in the legislation instead of 28 per cent as it offers space to change its structure in future without p

Nifty futures likely to remain positive for the week - Tradebulls Sec

Nifty Fut View

Nifty futures traded with volatile sentiments last week tracking recovery from lower levels in USD/INR futures prices and profit booking at higher levels from traders. It likely to trade with volatile sentiments in current week as well on profit booking at higher levels from traders. It witnessed strong buying support at lower levels fro

NIFTY closes little changed @ 8900, even as the BULLS & BEARS play hide & seek - GEPL

Key Highlights:

* The NIFTY opened @ 8883.50, DOWN by around 17 points over Thursday. The first half saw NIFTY continuing with the weakness of Thursday even as NIFTY went tantalizingly close to the pre-defined SUPPORT level of 8850. However the BULLS seem to emerge through as if in a hide & seek game and pushed back NIFTY to par by end of day. The

The Nifty Bank index has consolidated in a broad range - Angel Broking

Sensex (28832) / Nifty (8898)

Finally, five-week winning streak came to an end for our markets as we witnessed some consolidation with a minor negative bias. This consolidation was very much on expected lines as we had anticipated the trading range of 8982 – 8826 for the entire week. Although, this range breached in the upward direction but it wa

Upside potential intact - Sharekhan

Market on March 03, 2017: Support @ 8860

The Nifty opened on a negative note and declined to break the swing low of 8867. After hovering near the low in the first half of the session, the Nifty recovered in the second half. As per the Elliott Wave Theory, the recent structure seems to be a part of a minor correction. On the weekly chart, the Nifty has

Nifty Pharma Index traded sideways in a broader range in between 10500-10780 - Religare Sec

NIFTY OUTLOOK

* Supported by the firm global cues and better than expected GDP numbers, Nifty made a new 52-week high but finally settled with cut of nearly half a percent.

* Markets are still overbought and we might see further consolidation in index ahead. However, the overall trend is bullish and hence we sug-gest traders to use any declin

Nifty traded with volatile sentiments in last session due to profit booking at higher levels - Tradebulls

Nifty Spot View

Nifty traded with volatile sentiments in last session due to profit booking at higher levels from traders. Next important support seen at 8800 level. Nifty likely to trade with sideways sentiments in today’s sessio on profit booking at higher levels from traders. Nifty likely to trade with sideways sentiments and 8850 at lower sid

NIFTY once again failed to surpass psychological mark-9,000 - Reliance Sec

Technical Research

MARKET SYNOPSIS

* On Thursday, NSE-NIFTY reversed after recording fresh 52-week high (i.e.8,993 level) and later with a sharp decline in late noon trades slipped to 8,880 mark. NIFTY finally closed the session at 8,900 level with cut of 46 points.

* NSE Cash segment has reported tu

It is a normal profit taking which may extend further - Religare Sec

Nifty Outlook

Nifty lost over half a percent after making a new 52-week high around 9000 in early trade. Firm global cues led a gap up start but existence of psychological hurdle and overbought market situation pulled the index gradually lower as the day progressed. Mostly sectoral indices ended lower in line with index and the market breadth too showe

Nifty Bank index are placed around 20450 and 20295 - Angel

Sensex (28840) / Nifty (8900)

A strong overnight rally in US markets had a rub off effect on our opening yesterday as we witnessed a gap up opening with more than 30 points in Nifty. However, Nifty failed to test the 9000 mark and kept on sliding lower post the initial hour. In fact, a strong bout of selling in latter half of the day led to a close tad