MENU

Arihant Capital Markets Ltd

Published on 30/10/2020 10:28:15 AM

DAILY MARKET UPDATE REPORT 30-10-2020

Nifty opened lower in wake of weak global clues but recovered some of its losses during the day to close in red. On the daily chart, we are observing a “Doji” candlestick pattern which suggests indecisiveness prevailing at current level. In coming trading session if Nifty trades above 11750 level then it is likely to test 11800 – 11930 levels. On the downside, 11600 - 11500 levels may act support for the day.

We still maintain our stance that 11661 the low of bearish engulfing pattern remains a make or break level on daily closing basis. If Nifty manages to hold the low of 11661 then we may see momentum towards 12000 level. At present cautiously positive approach at current level should be adopted. However, stock specific activity is likely to continue.

SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/

Arihant Capital Markets Ltd

Published on 29/10/2020 9:00:17 AM

DAILY MARKET UPDATE REPORT 29-10-2020

Nifty opened higher but was unable to sustain the opening gains which led the Nifty to close in red. On a daily chart, we are observing that prices breached the 21-day SMA (11749) and have closed below it. In coming trading session if Nifty trades below 11684 then it is likely to test 11600 11500 levels. On the upside, 11800 -11930 levels may act as resistance for the market.

We still maintain our stance that 11661 the low of bearish engulfing pattern remains a make or break level on daily closing basis. If Nifty manages to hold the low of 11661 then we may see momentum towards 12000 level. At present cautiously positive approach at current level should be adopted. However, stock specific activity is likely to continue.

SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/

Arihant Capital Markets Ltd

Published on 28/10/2020 9:04:37 AM

DAILY MARKET UPDATE REPORT 28-10-2020

Nifty opened higher and momentum on the upside intensified as the day progressed which led the indices to close in green. On a daily chart, we are observing that prices have taken support at the 21-day SMA (11725) and have closed convincingly above it. In coming trading session if Nifty trades above 11905 levels then it is likely to test 12000 – 12100 levels. On the downside, 11700 – 11650 levels may act as support for the day.

We still maintain our stance that 11661 the low of bearish engulfing pattern remains a make or break level on daily closing basis. If Nifty manages to hold the low of 11661 then we may see momentum towards 12000 level. At present cautiously positive approach at current level should be adopted. However, stock specific activity is likely to continue.

SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/

Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS.To Read Complete Disclaimer Click Here