Below the Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Today, the benchmark indices continued selling pressure at higher levels, the Nifty ends 169 points lower while the Sensex was down by 423 points. Among Sectors, PSU Banks, Media, Metal indices lost the most shed over 2 percent whereas despite weak market sentiment Reality index outperformed, rallied nearly 1 percent. Technically, on daily charts the index has formed bearish candle a...
Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Nifty
Nifty continues to drag lower yet it tried to regain above its 200 DEMA support level of 23500 which also coincides with a key channel pattern support. If the Nifty 50 sustains below 23,500, given the bearish sentiment the decline could extend to 23,200, which coincides with the 50-week EMA. On the upside, the 23,800-23,900 range could act as a resistance zone for the week. However, a positive RSI divergence hints at weakening bearish momentum, though a clear reversal is yet to be co...
Options data indicates a range-bound outlook of 23,300–23,700, with strong resistance at 24,000, reflecting cautious sentiment - Tradebulls Securities Pvt Ltd
Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open negative on Nov 21, following GIFT Nifty trends indicating a loss of 80 points for the broader index.
After a negative opening, Nifty can find support at 23,350 followed by 23,250 and 23,200. On the higher side, 23,600 can be an immediate resistance, followed by 23,700 and 23,800.
The charts of Bank Nifty indicate t...
Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets experienced a volatile session and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amids...
Daily Market Analysis : Markets experienced a volatile session and ended marginally higher, pausing after the recent decline Says Mr. Ajit Mishra, Religare Broking Ltd
Nifty
The Nifty is at a crucial juncture, testing key support and resistance levels amidst a mixed sentiment backdrop. The 200 DEMA at 23,500, aligning with channel pattern support, remains critical; a breach could lead to a further decline toward 23,200, coinciding with the 50- week EMA. On the upside, the 23,800–23,900 range presents immediate resistance, with a broader hurdle at 24,000. A positive RSI divergence signals weakening bearish momentum, though a clear reversal is yet to...
The Nifty is at a crucial juncture, testing key support and resistance levels amidst a mixed sentiment backdrop - Tradebulls Securities Pvt Ltd
Below the Quote on Pre-market comment by Hardik Matalia, Derivative Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on Nov 19, following GIFT Nifty trends indicating a gain of 62 points for the broader index.
After a positive opening, Nifty can find support at 23,350 followed by 23,250 and 23,200. On the higher side, 23,550 can be an immediate resistance, followed by 23,650 and 23,800.
The charts of Bank Nifty indicate that ...
Pre-market comment by Hardik Matalia, Derivative Analyst, Choice Broking
