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
Nifty Outlook
The level of 24,000 acted as a base for bulls to regroup as expected, but the MACD bearish crossover still clouds the prospects of the continuity of this reversal attempt. The 24,550-24,590 zone is likely to act as the immediate hurdle for the index, while the 24,360-24,250 range should lend support for the day. A breach of 24,000 could lead to further downside risks, with the next support zone lying between 23,055 and 23,000
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Market Watch : Markets to look beyond budget; Earnings back in focus - Geojit Financial Services 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 negative on July 24, following GIFT Nifty trends indicating a loss of 60 points for the broader index.
Nifty can find support at 24,400 followed by 24,350 and 24,300. On the higher side, 24,550 can be an immediate resistance, followed by 24,650 and 24,700.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended marginally lower in a volatile session on July 23. At the close, the Sensex was down 73.04 points or 0.09 percent at 80,429.04, and the Nifty was down 30.30 points or 0.12 percent at 24,479.00.
On Budget day, the Nifty fell almost 500 points from its day high. However, post-budget, the Nifty recovered 470 points from its day low, indicating ...
Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on July 23, following GIFT Nifty trends indicating a gain of 30 points for the broader index.
Nifty can find support at 24,450 followed by 24,400 and 24,300. On the higher side, 24,600 can be an immediate resistance, followed by 24,800 and 25,000.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
Nifty Outlook
The MACD histogram exhaustion and the potential formation of an Evening Star candlestick on the weekly timeframe suggest buildup of weakness. This technical setup could lead the index towards the 24,130 - 24,000 levels, which may initially serve as a base for reversal attempts. However, a breach below 24,000 could lead to further downside risks, with the next support zone lying between 23,055 - 23,000. On the Budget Day, heightened volatility is expected, with 24,620 - 24,370...
Market Watch : Brace for Budget Day volatility - Geojit Financial Services Ltd