Pit stop - Sharekhan

Market on March 31, 2017

The Nifty witnessed a tough battle between bulls & bears today & the outcome ultimately turned out to be a tie. In terms of Fibonacci retracement the index has retraced 78.6% of the previous fall i.e. 9175. Therefore the index has taken a pause today. Nevertheless extension in the wave structure suggests that Nifty has

Nifty spot moved sideways today, In narrow range of 9150-9200 - Tradebulls Sec

Nifty Spot View

Nifty spot moved sideways today, In narrow range of 9150-9200. Finally it closed flat near previous day closing. Depreciation in Indian Rupee against the US Dollar and profit booking at higher levels in Indian equity market complimented the existing trend. Momentum Indicator RSI for 14-day period is poised at 65.68 indicating firm trend

Nifty Financial Index moved hand-in-hand with the benchmark index and gained over 1.5% - Religare Sec

NIFTY OUTLOOK

* Nifty managed to gain over half a percent in a volatile passing week and settled comfortably above 9100.

* On domestic front, clearance of all the four GST bills in the Lok Sabha boosted the market sentiment in middle as it raised the hope of timely implementation from 1st July,2017.

* The coming week is a holiday sh

We maintain our positive yet cautious view on markets and suggest focusing on stock selection - Religare Sec

Nifty Outlook

Nifty managed to end with modest gain on the expiry day, thanks to buying in select index majors. Sentiment was up-beat in the beginning on report that the Lok Sabha passed all four GST bills, which has increased hopes of timely implementation from July 1. But it remained volatile thereafter and hovered in a narrow range till the end. Mea

The Bank Nifty higher side resistance still remains firm at 21850 levels while the 21420 level - Tradebulls Sec

Nifty Spot View

Nifty retained its bullishness throughout the session supported by strong buying. Nifty spot breached crucial resistance of 9180 levels and finally settled at 9173.75 levels. Momentum Indicator RSI for 14-day period is poised at 65.68 indicating firm trend at current levels. Nifty could remain sideways & a breach of 9190 at higher l

Nifty closes at an all-time closing HIGH on expiry - GEPL

Key Highlights:

NIFTY closes at an all-time closing HIGH on expiry. NIFTY immediate hurdle still stands tall @ 9200-9300.…

* The NIFTY opened @ 9142.60, flat over Wednesday as players seem to play the March expiry cautious. Once again the BULLS were able to hold on to the NIFTY in an almost full GREEN day, except for t

The Nifty intraday supports for the Nifty Bank index are placed around 21427 and 21337 - Angel Broking

Sensex (29647) / Nifty (9174)

Yesterday, the Nifty opened on a flat note and started moving higher in initial trades. However, the index traded in a narrow range of 40 points throughout the session. Eventually, the Nifty ended the session with gains of one third of a percent over its previous close.

Due to March F&O expiry, we witnessed s

Marching higher - Sharekhan

Market on March 30, 2017

The Nifty opened on a flat note today, which was followed by a fresh round of buying. Consequently, the Nifty advanced further today. In terms of the Fibonacci levels, the Nifty has retraced 78.6% of the previous fall, ie 9175. Therefore, it can take a pause at this level. Nevertheless, an extension in the wave structure sugges

Nifty spot managed to settle above 9130 levels - Tradebulls Sec

Nifty Spot View

The bullishness got carried forward as nifty commenced the day on a positive note. Positive global cues & declining USD/INR kept sentiments firm throughout the session. Nifty spot managed to settle above 9130 levels. Momentum Indicator RSI for 14-day period is poised at 64.66 indicating firm trend at current levels. Nifty could rema

We reiterate our view to limit leveraged positions and wait for further clarity - Religare Sec

Nifty Outlook

Nifty opened with an uptick and managed to settle with decent gains in a volatile session today. Again, it was buoyancy on the global front combined with supportive domestic cues which helped the index to edge higher. However, traders really had a tough time on stock specific front due to excessive volatility. Among the sectoral pack, onl

The Nifty intraday supports for the Nifty Bank index are placed around 21247 and 21198 - Angel Broking

Sensex (29531) / Nifty (9144)

Yesterday's session opened marginally up owing to positive global cues. Subsequently, we witnessed some consolidation with a positive bias for the remaining part of the session to conclude with half a percent gains.

The opening point during yesterday's session was quite encouraging as the Nifty kick-start

Northward bound - Sharekhan

Market on March 29, 2017

The Nifty had a gap-up opening today and surpassed the swing high of 9133. In terms of the wave structure, the Nifty is forming sub-divisions on the way up. Even on the hourly chart, the impulse structure is showing extensions on the upside. This shows that the Nifty has significant upside potential. Therefore, we have raised t

Indian equity indices convalesce; Sensex ends above 29400 mark - LKP Sec

Domestic Market Overview

Indian equity indices convalesce; Sensex ends above 29400 mark

It turned out to be a stable day for the Indian benchmark indices, which climbed well over half a percent point and managed to end above the crucial support levels. Investors remained optimistic on hopes that the Goods and

The bank nifty higher side resistance still remains firm at 21500 levels while the 21000 level - Tradebulls Sec

Nifty Spot View

After Witnessing heavy selling pressure in last trading session, today Nifty opened on a firm note tracking positive global cues. Some profit booking at higher levels was witnessed during the day which kept the sentiment sideways throughout the session. Strong buying seen in Power sector stocks throughout the session. Momentum Indicator

The intraday supports for the Nifty Bank index are placed around 21000 and 20933 - Angel Broking

Sensex (29410) / Nifty (9101)

It was certainly a good start for our markets as the Nifty opened with a decent upside gap owing to cheerful mood across the Asian bourses. This was followed by a range bound action within merely 30 points band throughout the remaining session. However, the overall bias remained on the positive side and as a result; the Ni

We expect volatility to increase in the next two sessions - Religare Sec

Nifty Outlook

Nifty gained over half a percent and reclaimed 9100, thanks to the rebound in Asian counterparts and favourable local cues. Initially, it surged on the hopes of timely implementation of goods and services tax (GST) which further strengthened with recovery in global indices. However, it remained range bound thereafter while participants we

Upside potential - Sharekhan

Market on March 28, 2017

The Nifty drifted lower in last session to test multiple support levels, where the bulls rushed in to provide support. Thus Nifty opened gap-up today and climbed above the 9100 mark. On the hourly chart, it has formed another impulse on the upside. On the way up, the swing high of 9133 will be the key hurdle to watch out for. I

It’s normal to see such volatile swings during the consolidation phase - Religare Sec

Nifty Outlook

Nifty lost over half a percent in a volatile day, mirroring the last trading session. Feeble cues on both the domestic and global front triggered weak start, which further deteriorated as the session progressed. However, rebound in select index majors helped index to recoup some losses in the later half. In line with the benchmark, mostly