MENU

Published on 26/11/2020 5:58:58 PM | Source: HDFC Securities Ltd

Quote on Today`s Market Performance 26 November 2020 by Mr. Deepak Jasani, HDFC Securities

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below are Views On Technical Quote On Today`s Market Performance by Mr. Deepak Jasani, Technical Research Analyst, HDFC Securities

Indian benchmark equity indices rebounded from the previous session sell-off on Nov 26, post a sharp rally in the final half hour of trade. The Nifty ended the November F&O expiry on a strong note. At close the Nifty ended up 128.60 points or 1.00% at 12,987.

 

Volumes on the NSE were below the previous two days volumes. Among indices Metals was the star performer followed by Bank and Pharma.

 

Asian stocks ended largely up while European stocks traded around the flatline on Thursday as investors paused for breath after a global rally in recent sessions. An extension of coronavirus restrictions in Germany and grim economic growth forecasts (GDP growth negative 11.3% in 2020) for the United Kingdom dented sentiments.

 

Nifty once again recovered after falling for a day. This helps traders’ sentiments. 12833-13079 could be the band for the coming session. Markets are in no mood to correct significantly unless there is a negative trigger causing global meltdown.

 


Above views are of the author and not of the website kindly read disclaimer