NIFTY
* NIFTY ended almost unchanged in a volatile expiry session, continuing the recent trend.
* Sector-wise, the trend remained mixed with FMCG, banking, and auto sectors edging higher, while metals and pharma faced pressure, closing in the red.
* However, the downside appears limited, with strong support around the 25,100-25,200 zone.
* Traders are advised to maintain positions on both sides and focus more on index heavyweights.
BANKNIFTY
* Banking...
Banking index witnessed profit taking from record high levels to eventually end the day with half a percent gain - Religare Broking Ltd
Below the Pre-Market Comment by Hardik Matalia, Derivative Analyst, Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positive on Sept 20, following GIFT Nifty trends indicating a gains of 37 points for the broader index.
After a positive opening, Nifty can find support at 25,350 followed by 25,300 and 25,250. On the higher side, 25,500 can be an immediate resistance, followed by 25,600 and 25,650.
The charts of Bank Nifty indicate that it may get...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd
Indian frontline equity indices closed in green on Thursday, buoyed by the US Federal Reserve's decision to cut interest rates by 50 basis points, exceeding market expectations.
At closing, Sensex was up 236 points, or 0.29 per cent, at 83,184 and Nifty was up 38 points, or 0.15 per cent, at 24,415.
Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 400 points, or 0.67 per cent, at 59,351 and Nifty smallcap 100 index was down 244 points, ...
Sensex closes up by 236 pts, NTPC and Kotak Mahindra Bank top gainers
Below the Quote on Market from Amit Golia, Group CEO, MarketsMojo - 19th Sept 2024
"Earlier in the month, market predictions showed a 35% chance of a 50bps rate cut, compared to a 65% likelihood of a smaller 25bps reduction. However, weaker-than-expected US jobs data suggesting slower pace of hiring, and a lower inflation report for August 2024, signaled a more significant economic slowdown than anticipated. These developments shifted expectations, with the probabi...
Quote on Market from Amit Golia, Group CEO, MarketsMojo - 19th Sept 2024
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
The markets ended almost unchanged in a volatile expiry session, continuing the recent trend. After a gap-up opening, the Nifty index moved higher during the first hour, but profit booking in heavyweight stocks across sectors erased those gains. Sector-wise, the trend remained mixed with FMCG, banking, and auto sectors edging higher, while metals and pharma faced pressure...
Daily Market Analysis : The markets ended almost unchanged in a volatile expiry session, continuing the recent trend Says Mr. Ajit Mishra, Religare Broking Ltd
NIFTY
* Markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting.
* Most sectors were under pressure, but strength in banking and financial majors helped limit the downside.
* Nifty is expected to defend the 25,100-25,200 zone during any dips, while 25,550 remains a key resistance level.
* Despite a generally positive tone, traders are advised to hold off on initiating new positions until the markets stab...
Nifty is expected to defend the 25,100-25,200 zone during any dips, while 25,550 remains a key resistance level - Religare Broking Ltd
Below the Pre-Market Comment by Hardik Matalia, Derivative Analyst, Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positive on Sept 19, following GIFT Nifty trends indicating a gain of 83 points for the broader index.
After a positive opening, Nifty can find support at 25,300 followed by 25,250 and 25,200. On the higher side, 25,500 can be an immediate resistance, followed by 25,550 and 25,600.
The charts of Bank Nifty indicate that it may get ...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting. After a steady start, sentiment was positive in the first half, despite a mixed performance from heavyweights. However, the index gave up all its gains with a sharp decline as the day progressed, closing at 25,377.55. Most sectors were under pressure, but strength ...
Daily Market Analysis : Markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Post Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
On September 18, Indian benchmark indices experienced a volatile trading session and ended lower. The Sensex closed 131.43 points lower, or down 0.16 percent, at 82,948.23, while the Nifty lost 41 points, or 0.16 percent, to close at 25,377.55.
On the daily chart, the Nifty index made a new record high of 25,482.2 but could not sustain higher levels, as selling pressure pulled the...
Post Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking