Nifty pushes beyond 18300 gradually, but stocks on a roll By Mr. Sameet Chavan, Angel One Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/5407328223bd7dc96dfbfc92eadb9666.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is the Daily Market Wrap Up By Mr. Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One Ltd
Today morning, the global markets looked a bit nervous but as we approached our opening time, the SGX Nifty recovered to some extent and as a result, the week kick started the week marginally in red. Market did not take much of a time to enter the positive terrain and then remained within a slender range throughout the remaining part of the session. Although there was no real momentum in key indices, Nifty managed to reclaim the 18300 mark at the close.
Since last 3 – 4 trading sessions, the benchmark index has lost its sheen because heavyweight banking space continues to sulk a bit. But we must construe this as an index balancing because we have already seen a massive recovery and now approaching record highs when the mega event budget is around the corner. So this has applied brakes on the momentum in key indices but all this whist, if we look at the overall activity in market meticulously, there is no shortage of action in individual themes. In such times, it’s advisable not to focus on index, rather keep concentrating in stock specific moves that are likely to provide better trading opportunities. As far as levels are concerned, 18350 – 18400 are to be considered as immediate resistances; whereas on the flipside, 18200 – 18150 is to be treated as key supports now.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6b3c1a932eecc597e7ebc63801f5c2dc.jpg)
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
![Bank Nifty Write Up : In this scenario, immediate support is found at levels around 45000 to 44900 Says Mr. Rajesh Bhosale, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/052de8b6a271b140ab7a7b65c5f180c9.jpg)
![Market Wrap-Up : Bulls on a roll; Nifty set for the 20K milestone Says Mr. Osho Krishan, Angel One Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c3b473fde94c5c2a730f44acc4341955.jpg)
![Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/6208478cde315d3c636b81253e95bd4b.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/b9adad5e28b02792096ecd8b3d586e92.jpg)
View On Nifty 25 April 2022 By Kunal Shah, LKP Securities
![Daily Market Commentary : Metals were the top gainers up 3%, followed by IT up 2% Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/5df1d3f4a1149055d9bb3c8698bc69b4.jpg)
![Morning Nifty, Derivative and Rupee comments 17 October 2022 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/535124cd837dd6f7272fa68bc483e47a.jpg)
![Market Quote : The benchmark index traded on a tepid note following the weak German growth data Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker _17.jpg)