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/
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/
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/
Amazon to continue investing in India amid feud with Reliance
1
Planning Your Retirement? 6 Places to Visit Before You Retire
2
Hike in ethanol prices a positive for sugar industry given the prevailing sugar surplus situation: ICRA
3
Why Buying Term Insurance is Vital for Entrepreneurs/Businessmen?
4
How much term insurance does single parent needs?
5
Benefits and importance of life insurance policy for women | PNB MetLife
6
How to get good returns from investments?
7
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 30 October 2020 By Geojit Financial
8
Samsung `SmartThings Find` will locate lost Galaxy devices
9
Why Buying Best Life Insurance Policy at Early Age is Important? - PNB MetLife
10
