Markets to make a somber start on weak GDP data - LKP Sec

Domestic Market View

Markets to make a somber start on weak GDP data

The Indian markets after a volatile day of trade ended marginally in red in the last session with traders turning cautious ahead of the GDP data. Today, the start is likely to be somber and traders will be reacting negatively to some weak eco

Nifty remained confined within its previous day`s session for most part of the day - Tradebulls Sec

Fresh highs with sustained up move highlight the ongoing strength in the trend. Though Nifty remained confined within its previous day’s session for most part of the day, the sequence of higher lows remained intact. A breach above 9640 could extend the rally towards 9740 while a sustained breach below its previous day’s low of 9570 would distort the ongoing sequence. Momentum trader

The intraday supports for the Nifty Bank index are placed around 23270 and 23180 - Angel Broking

Sensex (31146) / Nifty (9621)

It’s been yet another quiet start for our markets and the similar lethargic mood continued for the remaining part of the day. If we look at the overall price range for the Nifty, it was merely 40 points within which the index kept on oscillating to eventually end the session with a negligible loss.

Yesterda

Pit stop - Sharekhan

Market on May 31, 2017

The battle between the bulls and the bears continued today as well. Eventually, the Nifty posted a negative daily close by a thin margin. Since the last few sessions, the index is consolidating between the hourly upper Bollinger Band and the 20HMA. Consequently, the hourly Bollinger Bands have contracted significantly, which sugg

We suggest maintaining cautious approach in leveraged positions - Religare Sec

Nifty Outlook

Markets settled almost flat for the third consecutive session, in absence of any fresh trigger. Sectoral indices also traded in tandem with the benchmark and majority closed on flat note. Thankfully, rebound in midcap and smallcap pack saved the day and also kept the sentiment positive.

We’re currently seeing time-wise cor

Nifty ended almost unchanged in a dull trade today - Religare Sec

Nifty Outlook

Nifty ended almost unchanged in a dull trade today, mirroring the last session's move. However, recovery in select pharma, realty and PSU banking majors kept the traders busy. Also, the latest update on pre monsoon shower boosted the sentiment to some extent and trigger buying in consumable and agri. based stocks.

Nifty is c

Nifty continued its bullish streak as it registered yet another bullish day - Tradebulls Sec

Nifty continued its bullish streak as it registered yet another bullish day. Though it remained confined within its previous days trading range there were no signs of exhaustion displayed. A breach above 9640 could extend the rally towards 9740 while a sustained breach below 9570 distort the ongoing sequence. Momentum traders could retain their longs with a trailing stop below 9570 while aggres

The intraday supports for the Nifty Bank index are placed around 23090 and 22975 - Angel Broking

Sensex (31159) / Nifty (9625)

We had a soft beginning for the day as there were no major cues from the US as well as Asian bourses. Subsequently, we witnessed a consolidation within a small range throughout the day. However, the overall bias remained positive and as a result, the Nifty ended the session with nominal gains.

For the second cons

Inching higher - Sharekhan

Market on May 30, 2017

The Nifty witnessed a tough battle between the bulls and the bears throughout the day. Ultimately, the index posted a positive daily close for the fourth consecutive session. Since the last couple of sessions, the index is consolidating between the hourly upper Bollinger Band and the 20HMA. The Nifty can consolidate for some more

The NIFTY now trades above all the three averages - GEPL

Observations:

1. As on 26.5.2017, the long term moving averages stand as below: 50 DMA @ 9263, 100 DMA @ 8958, 200 DMA @ 8718. The NIFTY now trades above all the three averages, and the 100 DMA is maintaining the positive crossover with respect to the 200 DMA, and maintaining it since week ended April 13, 2017.

2. The FII trend is indicating

The intraday supports for the Nifty Bank index are placed around 23090 and 22975 - Angel Broking

Sensex (31109) / Nifty (9605)

Trading for the week began slightly lower as indicated by the preopening session. Subsequently, we witnessed a decent recovery in initial hours to reclaim the 9600 mark. However, we witnessed a hint of profit booking at higher levels, which resulted into higher volatility in the market. Eventually, the Nifty ended the sess

The Nifty saw a sharp recovery from the value zone near 9360 - Tradebulls Sec

As expected Nifty saw a sharp recovery from the value zone near 9360 as the 'Resistance becoming Support' theory remained valid yet another time. The sharp rebound near the value zone resulted into a fresh impulse move which could see an extension towards 9740 on an immediate basis. With no signs of a negative divergence on RSI and its placement below its overbought zone compliments the

Nifty settled almost unchanged in a volatile trading session - Religare Sec

Nifty Outlook

Nifty settled almost unchanged in a volatile trading session, indicates a pause after the recent up move. On the other hand, the broader market was under pressure from the beginning and mostly sectoral indices too ended lower. However, rotational buying in select index majors helped Nifty to hold above 9600. Mostly global markets are clos

North-bound journey continues - Sharekhan

Market on May 29, 2017

The Nifty opened gap-down today but managed to recover and eventually posted a daily close above 9600. So, we continue to witness follow-through of the Bullish Wedge breakout on the hourly chart. On the daily chart, the Nifty is moving higher along with the Daily Upper Bollinger Band. In terms of the wave structure, the Nifty is

The week ended on a strong note and we feel it`ll continue next week as well - Religare Sec

Nifty Outlook

Nifty maintained its momentum on Friday as well and made a new record high above 9600. To start with, surge in select index heavyweights triggered a firm opening, in continuation to yesterday’s rebound, which later gained momentum with buying interest in cash segment. Metal ruled the sectoral pack today, closely followed by energy,

The Nifty saw a sharp recovery from the value zone near 9360 - Tradebulls Sec

As expected Nifty saw a sharp recovery from the value zone near 9360 as the 'Resistance becoming Support' theory remained valid yet another time. The sharp rebound near the value zone resulted into a fresh impulse move which could see an extension towards 9740 on an immediate basis. With no signs of a negative divergence on RSI and its placement below its overbought zone compliments the

The intraday supports for the Nifty Bank index are placed around 23245 and 23090 - Angel Broking

Sensex (31028) / Nifty (9595)

Finally, 9600 is a reality now as we saw markets continuing their optimism for the second consecutive day. The rally was clearly propelled by the Metal conglomerates that started shining back after a recent underperformance. This was supported by other heavyweight sectors, like, the Oil & Gas and Banking. Eventually, t

Aiming higher - Sharekhan

Market on May 26, 2017

Over last few sessions, the Nifty had formed a Bullish Wedge pattern on the hourly chart, which had broken out on the upside in the last session. Today, the index witnessed a sharp follow-through on the upside. On the way up, the all-time high of 9532 has been surpassed and the index briefly crossed the 9600 mark. In terms of the

Market looks positive with Q4 earnings and early arrival of monsoon - Amrapali Aadya Trading & Investments

Below is the views on Market looks positive with Q4 earnings and early arrival of monsoon by Mr. Abnish Kumar Sudhanshu, Director & Research head, Amrapali Aadya Trading & Investments

GST rates led the indices to began the week on positive note. But, street sentiments turned shower following the geo political tension on the borders, pushing the indic

Nifty saw a sharp recovery from the value zone near 9360 - Tradebulls Sec

NIFTY (MONTHLY)

*  Fresh breakout and follow through move raises the probability of an extenstion towards the 'Harmonic pattern' target around 10011

*  Secular uptrend to remain firm until the support trendline (9300) stands unviolated on the intermediate scale and remains a key level to gauge strength of the ongoing trend