NIFTY TECHNICAL OUTLOOK :
* The Nifty rallied strongly in July, reaching a lifetime high of 24,854.80. However, after hitting the all-time high, the Bulls continue to be in control, holding strong at higher levels.
* Technically, the Nifty may faces strong resistance near 25,270. A close above 25,270 for two consecutive trading sessions could signal an upward rally towards 25,600/27,000 levels.
* On the downside, the Nifty has strong support at 24,400-24,000. A break below 24,000 on...
Monthly Report : August 2024 Series by Nirmal Bang Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Today, the market experienced a significant rally, gaining nearly two percent and reversing the recent negativity. The upbeat tone was evident from the start, with substantial buying in heavyweights across various sectors further driving the momentum. Consequently, both the Nifty and Sensex closed near their highs at 24,834 and 81,332, respectively.
This surg...
Daily Market Analysis : Today, the market experienced a significant rally, gaining nearly two percent and reversing the recent negativity Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Pre-Market Comment by Deven Mehata, Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open flat to positive on July 26, following GIFT Nifty trends indicating a gain of 20 points for the broader index.
Nifty can find support at 24,300 followed by 24,350 and 24,200. On the higher side, 24,500 can be an immediate resistance, followed by 24,550 and 24,600.
The charts of Bank Nifty indicate that it may get suppo...
Pre-Market Comment by Deven Mehata, Research Analyst, Choice Broking
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets remained volatile on the monthly expiry day and ended nearly flat, continuing the current consolidation trend. Weak global cues and pressure on major banking stocks led to a gap-down start, but recovery in select heavyweights minimized losses. Ultimately, Nifty closed at 24,406.10. Sector-wise, energy, auto, and pharma performed well despite the choppiness, while m...
Daily Market Analysis : Markets remained volatile on the monthly expiry day and ended nearly flat, continuing the current consolidation trend Says Mr Ajit Mishra, Religare Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, Nifty fluctuated within a narrow range, eventually closing at 24,413.50. Sector-wise, the trend was mixed, with energy, realty, and pharma showing decent gains, while banking and FMCG sectors declined. Notably, the broader indices performed well amid vola...
Daily Market Analysis : The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase Says Mr Ajit Mishra, Religare Broking Ltd