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Nifty registers best week in 2 months after rising for 6 consecutive sessions Nifty registered the best week in two months after rising for six consecutive sessions on Friday, Deepak Jasani, Head of Retail Research, HDFC Securities, said. Volumes on the NSE again spiked to higher than recent average. Midcap index rose more than the Nifty even as the advance decline ratio stayed high at 1.15:1, he said.  Global stock markets dipped on Friday, with tech shares tumbling on deepening Sino-US tensions and slowing global growth and uncertainty over the path of US ...
Nifty registers best week in 2 months after rising for 6 consecutive sessions
Nifty registers best week in 2 months after rising for 6 consecutive sessions
Source: IANS
8/09/2023 7:57:40 PM
Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities Daily Technical View on Nifty * Nifty reversed early losses to end higher for the fifth session on Sept 07. * At close, Nifty was up 0.59% or 116 points at 19727.1. * Volumes on the NSE fell compared to the previous session. * Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1. * Nifty has been rising for last three consecutive sessions. * Nifty smartly built on the gains of the previous 4 sessions and gave...
Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities
Midcap index rose more than the Nifty while Smallcap index rose less even as the advance decline ratio was up at 1.49:1 - HDFC Securities
Source: HDFC Securities
8/09/2023 10:52:14 AM
Nifty has surpassed previous swing high resistance of 19584 on daily chart - HDFC Securities Daily Technical View on Nifty * Nifty swung between gains and losses to end Sept 06 higher. At close, Nifty was up 0.18% or 36.2 points at 19611.1. * Volumes on the NSE were on the higher side compared to the recent average. * Smallcap index ended marginally in the negative underperforming the Nifty after a gap. Advance decline ratio fell but remained above par at 1.07:1. * Nifty made another high wave candle on a positive day. It showed a good recovery from lower levels for the s...
Nifty has surpassed previous swing high resistance of 19584 on daily chart - HDFC Securities
Nifty has surpassed previous swing high resistance of 19584 on daily chart - HDFC Securities
Source: HDFC Securities
7/09/2023 10:06:39 AM
USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities USDINR Technical Observations: USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops. The pair is oscillating around 21 DEMA. Broadly, the pair has been trading between 81.75 to 83.30. The Relative strength index of 14 days remained above 50. Trend indicator MACD remained weak on the daily chart. The negative cross-over of the MACD average and histogram indicates a medium-term downtrend. Minor long unwinding has been seen as the price fell...
USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities
USDINR Sept fut. facing resistance at 82.90, the horizontal line showing multiple tops - HDFC Securities
Source: HDFC Securities Ltd
5/09/2023 10:11:45 AM
USDINR Sept fut. formed a Doji candle and closed above 10 DEMA - HDFC Securities HDFC securities Retail Research: Currency Daily Technical Observations: * USDINR Sept fut. formed a Doji candle and closed above 10 DEMA. * The pair didn’t break the previous day’s low but crossed the high in the last three trading sessions exhibiting positivity. * Relative strength index of 14 days turned up and placed above 50, indicating a positive momentum. * MACD has given a negative crossover to the MACD average exhibiting a weak trend. * Minor short buildu...
USDINR Sept fut. formed a Doji candle and closed above 10 DEMA - HDFC Securities
USDINR Sept fut. formed a Doji candle and closed above 10 DEMA - HDFC Securities
Source: HDFC Securities Ltd
31/08/2023 10:19:05 AM
Nifty finally gained 4.8 points or 0.02% to close at 19,347.45 - HDFC Securities Daily Technical View on Nifty Market: Observation • Markets ended on a flat note on Wednesday. Nifty finally gained 4.8 points or 0.02% to close at 19,347.45. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE. Nifty: Breakout fizzles out • Zooming into 15 min chart, we observe that in the morning session, Nifty broke out of the trading range of the previous two ...
Nifty finally gained 4.8 points or 0.02% to close at 19,347.45 - HDFC Securities
Nifty finally gained 4.8 points or 0.02% to close at 19,347.45 - HDFC Securities
Source: HDFC Securities Ltd
31/08/2023 9:43:43 AM
Nifty gives up all its gains to close flat   Domestic equities started on a strong note on the back of positive global cues. However, they witnessed profit booking in the last hour, leading to Nifty giving up all its gains and closing flat at 19,347 points, up 0.02 per cent or 4.80 points, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. The BSE Sensex ended 0.02 per cent or 11.43 points higher at 65,087.25 points. The broader market outperformed and continued its northbound journey...
Nifty gives up all its gains to close flat
Nifty gives up all its gains to close flat
Source: IANS
30/08/2023 4:46:37 PM
JPYINR Aug fut breached the June month low and traded below 10 DEMA - HDFC Securities Currency Insights Weekly Technical Observations: ? USDINR Aug fut. retraced to 82.37, 50% of recent upswing and recovered. However, the pair closed below 21 DEMA and marked the first weekly decline in five. ? Momentum oscillator, Relative Strength Index of 14 days turned weak and currently placed below 50. ? Long unwinding has been seen as the price along with open interest declined in the last week (Reference table on page 7). ? Medium-term bias turned weak after a recent retr...
JPYINR Aug fut breached the June month low and traded below 10 DEMA - HDFC Securities
JPYINR Aug fut breached the June month low and traded below 10 DEMA - HDFC Securities
Source: HDFC Securities Ltd
28/08/2023 11:01:34 AM
Nifty finally gained 47.55 points or 0.25% to close at 19,444.0 - HDFC Securities Daily Technical View on Nifty Market: Observation * Markets ended with decent gains on Wednesday. Nifty finally gained 47.55 points or 0.25% to close at 19,444.0. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE. Nifty: Short term supports need to hold • Zooming into 15 min chart, we observe that Nifty witnessed a healthy bounce back from the lows to close with dece...
Nifty finally gained 47.55 points or 0.25% to close at 19,444.0 - HDFC Securities
Nifty finally gained 47.55 points or 0.25% to close at 19,444.0 - HDFC Securities
Source: HDFC Securities Ltd
24/08/2023 9:46:56 AM
Markets ended flat on Tuesday after a positive opening - HDFC Securities Daily Technical View on Nifty Market: Observation * Markets ended flat on Tuesday after a positive opening. Nifty finally gained 2.85 points or 0.01% to close at 19,396.45. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE Nifty: Short term supports need to hold * Zooming into 15 min chart, we observe that Nifty witnessed selling pressure from the highs which pulled the i...
Markets ended flat on Tuesday after a positive opening - HDFC Securities
Markets ended flat on Tuesday after a positive opening - HDFC Securities
Source: HDFC Securities Ltd
23/08/2023 10:18:19 AM
Nifty ends flat despite supportive global markets Nifty swung between gains and losses on Tuesday and closed almost flat despite supportive global markets, says Deepak Jasani, Head of Retail Research, HDFC Securities. At close, Nifty was up 0.01 per cent or 2.9 points at 19396.5. Volumes on the NSE continued to be on the lower side. Broad market indices gained 0.9-0.95 per cent outperforming the Nifty even as the advance decline ratio remained firm at 1.79:1. Global stocks extended their comeback rally on Tuesday. Asian stock markets s...
Nifty ends flat despite supportive global markets
Nifty ends flat despite supportive global markets
Source: IANS
22/08/2023 6:24:20 PM
It is now important that the Nifty holds above the immediate support of 19296 - HDFC Securities Daily Technical View on Nifty Market: Observation • Markets ended higher on Monday after a positive opening. Nifty finally gained 83.45 points or 0.43% to close at 19,393.6. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive/negative on the BSE/NSE. Nifty: Short term supports need to hold • Zooming into 15 min chart, we observe that while buying was seen in Nifty through the da...
It is now important that the Nifty holds above the immediate support of 19296 - HDFC Securities
It is now important that the Nifty holds above the immediate support of 19296 - HDFC Securities
Source: HDFC Securities Ltd
22/08/2023 10:13:18 AM
Nifty ends higher on buying in metals, power & IT stocks Nifty ended higher on Monday aided by buying across metals, power and IT stocks, Deepak Jasani, Head of Retail Research, HDFC Securities, has said. At close, Nifty was up 0.43 per cent or 83.5 points at 19,393.6. Volumes on the NSE fell sharply compared to the recent average. Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.51:1, he added. Asian stocks stumbled on Monday after China delivered a smaller cut to lending rates than markets had cou...
Nifty ends higher on buying in metals, power & IT stocks
Nifty ends higher on buying in metals, power & IT stocks
Source: IANS
21/08/2023 5:33:09 PM
There is a possibility of downside breakout of the immediate support at 19300-19250 levels - HDFC Securities Daily Technical View on Nifty Observation: After showing range bound action in the last few sessions, Nifty continued with volatility with weak bias on Friday and closed the day lower by 55 points. A small body candle was formed on the daily chart with long upper shadow. Technically, this pattern indicates lack of strength in the market to sustain the upside bounce. Negative chart pattern like lower highs and lows is intact and the Nifty is currently on the way down to form a new lower ...
There is a possibility of downside breakout of the immediate support at 19300-19250 levels - HDFC Securities
There is a possibility of downside breakout of the immediate support at 19300-19250 levels - HDFC Securities
Source: HDFC Securities Ltd
21/08/2023 10:08:53 AM
Markets ended with marginal gains on Wednesday after a weak opening - HDFC Securities Daily Technical View on Nifty Market: Observation Markets ended with marginal gains on Wednesday after a weak opening. A strong bounce back from the lows erased the morning losses and ensured the Nifty ended in the green. Nifty finally gained 30.45 points or 0.16% to close at 19,465.0. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE. Nifty: Short term downtrend has reverse...
Markets ended with marginal gains on Wednesday after a weak opening - HDFC Securities
Markets ended with marginal gains on Wednesday after a weak opening - HDFC Securities
Source: HDFC Securities Ltd
17/08/2023 9:49:26 AM
Nifty finally gained 6.25 points or 0.03% to close at 19,434.55 - HDFC Securities Daily Technical View on Nifty Market: Observation • Markets ended with marginal gains on Monday after a weak opening. A strong bounce back from the lows erased the morning losses and ensured the Nifty ended in the green. Nifty finally gained 6.25 points or 0.03% to close at 19,434.55. Broad market indices like the BSE Mid Cap and Small Cap indices lost more, thereby under performing the Sensex/Nifty. Market breadth was negative on the BSE/NSE. Nifty: Short term downtrend intact ...
Nifty finally gained 6.25 points or 0.03% to close at 19,434.55 - HDFC Securities
Nifty finally gained 6.25 points or 0.03% to close at 19,434.55 - HDFC Securities
Source: HDFC Securities Ltd
16/08/2023 9:59:36 AM
Markets ended lower on Thursday after a weak opening - HDFC Securities Daily Technical View on Nifty Market: Observation * Markets ended lower on Thursday after a weak opening. A bounce back from the lows helped to curb the losses. Nifty finally lost 89.45 points or 0.46% to close at 19,543.1. Broad market indices like the BSE Mid Cap and Small Cap indices lost less, thereby out performing the Sensex/Nifty. Market breadth was negative on the BSE/NSE Nifty: Stuck in a range * Zooming into 15 min chart, we observe that Nifty bounced back from a low of ...
Markets ended lower on Thursday after a weak opening - HDFC Securities
Markets ended lower on Thursday after a weak opening - HDFC Securities
Source: HDFC Securities Ltd
11/08/2023 10:15:02 AM
RBI sucks out over Rs 1 trillion liquidity, banks to be affected   The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decision suck out over Rs one trillion from the system which will result in loss of income for the banks and hardening of the money market, said experts. Post this announcement, Bank Nifty slipped into weakness. The MPC at its meeting decided that all scheduled banks should maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) betwee...
RBI sucks out over Rs 1 trillion liquidity, banks to be affected
RBI sucks out over Rs 1 trillion liquidity, banks to be affected
Source: IANS
10/08/2023 2:04:25 PM
Markets corrected on Tuesday after two sessions of gains - HDFC Securities Daily Technical View on Nifty Market: Observation • Markets corrected on Tuesday after two sessions of gains. Nifty finally lost 26.45 points or 0.13% to close at 19,570.85. Broad market indices like the BSE Mid Cap and Small Cap indices ended higher, thereby out performing the Sensex/Nifty. Market breadth was negative on the BSE/NSE Nifty: Nifty now stuck in a narrow range • Zooming into 15 min chart, we observe that Nifty opened on a positive note, but gradually came l...
Markets corrected on Tuesday after two sessions of gains - HDFC Securities
Markets corrected on Tuesday after two sessions of gains - HDFC Securities
Source: HDFC Securities Ltd
9/08/2023 9:47:44 AM
Carrying on from last Friday, markets continued to move higher - HDFC Securities Daily Technical View on Nifty Market: Observation • Carrying on from last Friday, markets continued to move higher. Nifty opened with an upgap on Monday and gradually climbed to close near the highs of the day. Nifty finally gained 80.3 points or 0.41% to close at 19,597.3. Broad market indices like the BSE Mid Cap index gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE. Nifty: Short term downtrend has reversed • Zooming int...
Carrying on from last Friday, markets continued to move higher - HDFC Securities
Carrying on from last Friday, markets continued to move higher - HDFC Securities
Source: HDFC Securities Ltd
8/08/2023 10:13:14 AM
USDINR August fut. retraced from the resistance area of 82.90 to 83 - HDFC Securities USDINR Technical Observations: USDINR August fut. retraced from the resistance area of 82.90 to 83. The pair has been trading well above major moving averages, the spread between short-term and mediumterm moving averages is expanding indicating a positive trend. Momentum Oscillator, RSI of 14 days is placed above 50 and heading north on the daily chart. MACD has been placed above the zero line and heading higher. Long unwinding has been seen as price along with open interest...
USDINR August fut. retraced from the resistance area of 82.90 to 83 - HDFC Securities
USDINR August fut. retraced from the resistance area of 82.90 to 83 - HDFC Securities
Source: HDFC Securities
8/08/2023 10:06:47 AM
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities Below the view on Weekly Gold, Silver By Mr. Anuj Gupta, Vice President, HDFC securities   Last week we saw that gold increased by 0.17% and closed at 59527 levels while Silver price corrected by 2.13% and closed at 72478 levels.  Safe haven demand due to Downgrade rating of US is providing suppprt to the gold prices however down grading rating to chine by Morgan Stanley putting pressure on Metals.  In international market gold is trading at $1942 per ounc...
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, HDFC securities
Source: HDFC Securities Ltd
5/08/2023 12:04:12 PM
Markets corrected sharply on Wednesday after a gap down opening - HDFC Securities Daily Technical View on Nifty Market: Observation • Markets corrected sharply on Wednesday after a gap down opening. Nifty finally lost 207 points or 1.05% to close at 19,526.55. Broad market indices like the BSE Mid Cap and Small Cap indices lost more, thereby under performing the Sensex/Nifty. Market breadth was negative on the BSE/NSE. Nifty: Short term trend turns DOWN • Zooming into 15 min chart, we observe that Nifty witnessed selling pressure through the day. A re...
Markets corrected sharply on Wednesday after a gap down opening - HDFC Securities
Markets corrected sharply on Wednesday after a gap down opening - HDFC Securities
Source: HDFC Securities Ltd
3/08/2023 10:16:39 AM
A breach in crucial supports could mean end of Nifty`s 17-week rally Nifty fell 0.5 PER CENT over the week after gaining for the previous four weeks. 19,562 becomes a crucial support for the Nifty below which a fall of another 2 per cent could follow and the 17-week rally from the low of 16,828 could be said to have ended, says Deepak Jasani, Head of Retail Research, HDFC Securities. Vinod Nair, Head of Research at Geojit Financial Services said the domestic market passed through a volatile week, with the benchmark index underperforming its broader peers. ...
A breach in crucial supports could mean end of Nifty`s 17-week rally
A breach in crucial supports could mean end of Nifty`s 17-week rally
Source: IANS
30/07/2023 10:36:32 AM
USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement - HDFC Securities USDINR Technical Observations: * USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement. * It has resistance at 82.27, the 21 days exponential moving average. * Broadly, the pair has been oscillating between 83 to 81.50 since February. * Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting weakness. * MACD is positioned below the zero line with a negative cross-over. * The rise in prices and fall in open interest has been observed,...
USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement - HDFC Securities
USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement - HDFC Securities
Source: HDFC Securities
26/07/2023 11:44:47 AM
The next support is placed at 19600 levels - HDFC Securities Daily Technical View on Nifty Observation: After showing weakness in the last couple of sessions, Nifty shifted into a consolidation on Tuesday and closed the day with minor gains. After opening with an upside gap, the market shifted into a narrow range movement at the lows for better part of the session. Volatility has occurred in the mid to later part and Nifty finally closed the day with upside recovery note towards the end. The opening upside gap has been filled completely. A sma...
The next support is placed at 19600 levels - HDFC Securities
The next support is placed at 19600 levels - HDFC Securities
Source: HDFC Securities Ltd
26/07/2023 10:11:08 AM
It has been facing resistance at 82.27, the 21 days exponential moving average - HDFC Securities Technical Observations: USDINR July fut. breached the support line of 82 and heading towards 81.74, the 61.8% Fibonacci retracement, coinciding with multiple bottoms. It has been facing resistance at 82.27, the 21 days exponential moving average. Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting weakness. MACD is positioned below the zero line and weakening. The fall in prices and open interest has been observed, signifying an unwinding. The pair is expe...
It has been facing resistance at 82.27, the 21 days exponential moving average - HDFC Securities
It has been facing resistance at 82.27, the 21 days exponential moving average - HDFC Securities
Source: HDFC Securities Ltd
25/07/2023 10:44:35 AM
JPYINR July fut unable to give trend reversal and headed back to June low - HDFC Securities USDINR  Technical Observations: * USDINR July fut finding support at 81.97, the 50% Fibonacci retracement adjoining recentswing low 80.91 and high 82.09. * However, the momentum oscillator, Relative Strength Index of 14 days has been placed slightly below 50. * Long unwinding has been seen in the week gone, as the price and open interest declined. * Broadly, the pair has been trading in the range of 81.74 to 83. Asit has been near the support line, we recommend contrarian ...
JPYINR July fut unable to give trend reversal and headed back to June low - HDFC Securities
JPYINR July fut unable to give trend reversal and headed back to June low - HDFC Securities
Source: HDFC Securities
24/07/2023 11:52:06 AM
Immediate support for the Nifty is seen at the previous resistance level of 19500 - HDFC Securities Daily Technical View on Nifty * Last week, on Friday Nifty broke six session’s winning streak by falling 1.17% to close at 17945. For the week, Nifty was up 0.92% and it was the fourth consecutive week of rise for Nifty. PSU Bank Index, BankNifty, Media, Pharma remained the biggest gainers from the sectors while IT, Realty and Metal remained the losers from the sectors. Nifty Smallcap index continued to outperform the Nifty by clocking 1.82% gain last week. * During last week, Nif...
Immediate support for the Nifty is seen at the previous resistance level of 19500 - HDFC Securities
Immediate support for the Nifty is seen at the previous resistance level of 19500 - HDFC Securities
Source: HDFC Securities Ltd
24/07/2023 9:54:10 AM
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL IT heavyweights led by Infosys, HUL and Reliance Industries dragged the Sensex down to a sharp fall of more than 1,000 points on Friday. Infosys is down more than 8 per cent, HUL is down 3.8 per and Reliance is down more than 3 per cent. IT majors, HCL Tech is down 4 per cent while Wipro is down more than 3 per cent. Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices. HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securiti...
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL
Source: IANS
21/07/2023 3:29:08 PM
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities USDINR Technical Observations: USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. It has been trading between 82.30 to 82 over the past six days. The pair has far support at 81.74 and resistance at 82.90. Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting consolidation. MACD is positioned slightly below the zero line. The fall in prices and rise in open interest have been observed, signifying a short build-up. Th...
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities
Source: HDFC Securities
21/07/2023 9:59:43 AM
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities USDINR Technical Observations: * USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. * It has been trading between 82.30 to 82 over the past five days. * The pair has far support at 81.74 and resistance at 82.90.  * Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting consolidation. * MACD is positioned slightly below the zero line. * The rise in prices and decline in open interest has been observed, signifying a ...
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities
USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities
Source: HDFC Securities
20/07/2023 11:05:54 AM
USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average. - HDFC Securities USDINR Technical Observations: USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average. It has been trading between 82.30 to 82 for the past three days. The pair has far support at 81.74 and resistance at 82.90. Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting signs of weakness. MACD is positioned slightly below the zero line. The decline in prices and rise in open interest have been observed, signifying a short buildup...
USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average. - HDFC Securities
USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average. - HDFC Securities
Source: HDFC Securities
18/07/2023 10:25:38 AM
The Nifty remained in a broader high low range of 19500-19300 levels - HDFC Securities Daily Technical View on Nifty Lack of strength to surpass 19500 levels.. Observation: After showing a sustainable upmove with volatility on Tuesday, Nifty continued with choppy movement on Wednesday and slipped into decline by 55 points. Nifty opened with a positive note, started to show weakness from the day's high in the early part of the session. Minor intraday upside recoveries in between have been used as sell on rise opportunity and Nifty closed near the lows. ...
The Nifty remained in a broader high low range of 19500-19300 levels - HDFC Securities
The Nifty remained in a broader high low range of 19500-19300 levels - HDFC Securities
Source: HDFC Securities Ltd
13/07/2023 10:19:35 AM
The pair is expected to consolidate between 82.30 to 82.60 - HDFC Securities USDINR  Technical Observations: * USDINR July fut. has support at 82.38 and 82.32, the 10 and 20 DEMA respectively. On the higher side, it encounters resistance between 82.90 to 83. * A Doji Candle stick pattern was observed on Tuesday, indicating a state of indecisiveness. * Momentum Oscillator, RSI of the 14- day period is hovering above 50 but exhibiting signs of weakness. * MACD is positioned above the zero line and heading higher, suggesting a positive trend. * The...
The pair is expected to consolidate between 82.30 to 82.60 - HDFC Securities
The pair is expected to consolidate between 82.30 to 82.60 - HDFC Securities
Source: HDFC Securities
12/07/2023 11:29:46 AM
After opening with a positive note, the market made an attempt to move up in the early part of the session - HDFC Securities Daily Technical View on Nifty Absence of follow-through weakness.. Observation: After showing sharp weakness from the new all time high on Friday, Nifty shifted into an upside bounce amidst volatility on Monday and closed the day higher by 24 points. After opening with a positive note, the market made an attempt to move up in the early part of the session. Volatility continued for better part and the market closed the day with modest gains towardsthe end. A small negative candle w...
After opening with a positive note, the market made an attempt to move up in the early part of the session - HDFC Securities
After opening with a positive note, the market made an attempt to move up in the early part of the session - HDFC Securities
Source: HDFC Securities
11/07/2023 10:22:09 AM
USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85. - HDFC Securities USDINR Technical Observations: ? USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85. ? Momentum oscillator, Relative Strength Index of 14 days heading towards overboughtzone indicating continuation of positive momentum. ? Long build-up has been seen in the week gone, as the price and open interest rise. ? We expect multiple top resistance at 83.30 to remain a big hurdle for bulls. Short-term traders can Sell USDINR ...
USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85. - HDFC Securities
USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85. - HDFC Securities
Source: HDFC Securities Ltd
10/07/2023 1:03:16 PM
USDINR July is expected to trade positive with resistance at 82.85 and support at 82.30 - HDFC Securities USDINR Technical Observations: * USDINR July fut. has horizontal trend line support at 81.70 and downward slopping trendline resistance around 82.80. * The pair has been placed well above major moving averages. The 10DEMA is about to give an upward cross-over to 21 DEMA. * Momentum Oscillator, RSI of 14 days, is heading north indicating continuation of a positive momentum. * MACD gave a positive cross-over to the MACD average and headed higher indicating a bullish trend. * S...
USDINR July is expected to trade positive with resistance at 82.85 and support at 82.30 - HDFC Securities
USDINR July is expected to trade positive with resistance at 82.85 and support at 82.30 - HDFC Securities
Source: HDFC Securities Ltd
7/07/2023 10:31:41 AM
USDINR July fut. has horizontal trend line support at 81.60 - HDFC Securities Technical Observations: * USDINR July fut. has horizontal trend line support at 81.60 and downward slopping trendline resistance around 82.35. * The pair has given cross-over to short-term moving averages. The 10DEMa is above to give an upward cross-over to 21 DEMA. * Momentum Oscillator, RSI of 14 days, swung upward and heading north. * MACD gave a positive cross-over to MACD average and heading higher indicating a positive trend. * Long buildup has been seen as the price and ...
USDINR July fut. has horizontal trend line support at 81.60 - HDFC Securities
USDINR July fut. has horizontal trend line support at 81.60 - HDFC Securities
Source: HDFC Securities
6/07/2023 10:51:37 AM
In the energy basket, crude oil shined in the previous week compared to other commodities - HDFC Securities GLOBAL MARKET ROUND UP * Mix trend witnessed in commodity packs in the past week. Bullion prices extended their losses, and both gold and silver prices hit fresh swing lows. Comex Gold closed in red for the first time on a quarter basis after July 2022; on the other side, Silver closed below the $23 mark with losses of more than 5% on a QoQ basis. * In the energy basket, crude oil shined in the previous week compared to other commodities. WTI Crude oil prices were close to their weekly ...
In the energy basket, crude oil shined in the previous week compared to other commodities - HDFC Securities
In the energy basket, crude oil shined in the previous week compared to other commodities - HDFC Securities
Source: HDFC Securities Ltd
3/07/2023 12:17:48 PM
Nifty witnessed decisive upside breakout of the hurdle of 18900 levels in this week - HDFC Securities Daily Technical View on Nifty Decisive upside breakout of hurdles.. Observation:Nifty witnessed sharp upside momentum for the third consecutive sessions on Friday and closed the day with hefty gains of 216 points. A long bull candle was formed on the daily chart with gap up opening, which is for the third consecutive sessions. The opening upside gaps of the last two sessions are unfilled. As per the gap theory, this pattern could be considered as a runaway gap, which reflects uptrend...
Nifty witnessed decisive upside breakout of the hurdle of 18900 levels in this week - HDFC Securities
Nifty witnessed decisive upside breakout of the hurdle of 18900 levels in this week - HDFC Securities
Source: HDFC Securities
3/07/2023 9:58:31 AM
Indian markets could open higher, aided by the overall rise in the other markets over the past two sessions - HDFC Securities Daily Technical View on Nifty * Indian markets could open higher, aided by the overall rise in the other markets over the past two sessions. * Nifty advanced for the second consecutive day to scale fresh life highs on June 28. * At close, Nifty was up 0.82% or 154.7 points at 18972.1. * Nifty made a new life time high on June 28. The current upward momentum could continue and 19000-19200 band could be the next resistance for Nifty in the near term. * 18646 could be the support ...
Indian markets could open higher, aided by the overall rise in the other markets over the past two sessions - HDFC Securities
Indian markets could open higher, aided by the overall rise in the other markets over the past two sessions - HDFC Securities
Source: HDFC Securities
30/06/2023 10:23:49 AM
MCX Gold August contract settled higher by 0.18% at the Rs 58412 level - HDFC Securities GLOBAL MARKET ROUND UP * Gold prices edged higher, with spot gold at Comex trading up by 0.21% at $1928 per ounce in the morning session. In the previous session, Comex spot gold prices rose by 0.11% as traders assessed increasing geopolitical uncertainty and recessionary signals. Still, the upside for the safe haven was limited after Prigozhin suddenly halted his dramatic advance towards Moscow over the weekend. * Crude oil traded marginally higher on Tuesday after a choppy session fol...
MCX Gold August contract settled higher by 0.18% at the Rs 58412 level - HDFC Securities
MCX Gold August contract settled higher by 0.18% at the Rs 58412 level - HDFC Securities
Source: HDFC Securities Ltd
27/06/2023 12:29:17 PM
USDINR and expect levels of 81.90 and 81.70 - HDFC Securities USDINR Technical Observations: * USDINR June fut. has formed a bearish candle, covering the previous day’s body, indicating the continuation of a weak trend. * The pair has been placed well below the short-term moving average of 21 days. * Momentum Oscillator, RSI of 14 days period is placed below 50 and weakening on the daily chart. * MACD has been placed below a zero line with a negative crossover to MACD Average. * Long unwinding has been seen as price along with op...
USDINR and expect levels of 81.90 and 81.70 - HDFC Securities
USDINR and expect levels of 81.90 and 81.70 - HDFC Securities
Source: HDFC Securities Ltd
22/06/2023 9:51:25 AM
Spot USDINR took support at 200 SDMA and witness recovery on Tuesday -HDFC Securities Technical Observations: * Spot USDINR took support at 200 SDMA and witness recovery on Tuesday. * The pair has support at 82.25, the 10 DEMA. * Short-term moving average is placed below medium-term moving average.  * Momentum Oscillator, RSI of 14 days period is placed below 50 but witnessed recovery. * MACD has been floating below a zero line. Short covering has been seen as price gained while the open interest declined.  * We expect the pair to trade between 81.6...
Spot USDINR took support at 200 SDMA and witness recovery on Tuesday -HDFC Securities
Spot USDINR took support at 200 SDMA and witness recovery on Tuesday -HDFC Securities
Source: HDFC Securities
21/06/2023 11:19:23 AM
Nifty Open Interest Put Call ratio rose to 1.16 levels from 0.98 levels - HDFC Securities F&O HIGHLIGHTS PUT WRITING WAS SEEN AT 18700-18800 LEVELS ACCUMULATE LONGS WITH SL OF 18750 LEVELS. * Nifty showed a smart recovery on June 20 from morning weakness to end in the positive. At close, Nifty was up 0.33% or 61.25 points at 18816.7. Volumeson the NSE were on the higher side. Broad market indices rose a little more than the Nifty even as the advance decline ratio recovered to 1.37:1. * Short covering was seen in the Nifty Futures where Open Interest fell by 1.54% w...
Nifty Open Interest Put Call ratio rose to 1.16 levels from 0.98 levels - HDFC Securities
Nifty Open Interest Put Call ratio rose to 1.16 levels from 0.98 levels - HDFC Securities
Source: HDFC Securities
21/06/2023 10:00:05 AM
Nifty could now move lower once the immediate support of 18719 is broken - HDFC Securities Daily Technical View on Nifty Market: Observation * Markets corrected on Monday after a positive opening. The Nifty finally lost 70.5 points or 0.37% to close at 18,755.5. Broad market indices like the BSE Small Cap index ended higher, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE.   Nifty: Showing tiredness at the highs * Zooming into 15 min chart, we observe that the Nifty opened higher, but then witnessed selling pressure from the h...
Nifty could now move lower once the immediate support of 18719 is broken - HDFC Securities
Nifty could now move lower once the immediate support of 18719 is broken - HDFC Securities
Source: HDFC Securities
20/06/2023 9:47:41 AM
The pair has been forming a triangle pattern on the daily chart - HDFC Securities Technical Observations: * USDINR June fut. has been oscillating around 21 DEMA. It is closed below 21 DEMA. * The pair has been forming a triangle pattern on the daily chart. * The pair has Fibonacci extension support at 82.20 and resistance at 82.81. * Momentum Oscillator, RSI of 14 days period is placed below 50. * ADX line is weakening and placed below 25. * Minor long unwinding has been seen as price and open interest declines. * The near-term bias remains neutral to ...
The pair has been forming a triangle pattern on the daily chart - HDFC Securities
The pair has been forming a triangle pattern on the daily chart - HDFC Securities
Source: HDFC Securities
13/06/2023 11:25:33 AM