Below the Quote on Weekly Technical Outlook: Market in carnage, breadth worsening, no short-term relief by Lovelesh Sharma, Consultant, SAS Online – a deep discount broker
The market has turned into a complete carnage, with market breadth deteriorating day by day and no signs of relief in the short term. Despite domestic record flows, Nifty 50 has experienced a drawdown of more than 10% since 2022, indicating a significant correction both in price and time. The f...
Weekly Technical Outlook:Market in carnage, breadth worsening, no short-term relief by Lovelesh Sharma, Consultant, SAS Online – a deep discount broker
Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Yesterday, we observed a bout of profit booking at higher levels; however, today the market sentiment has improved significantly, resulting in notable gains for both the Sensex and Nifty. This rally was driven by robust performances in the banking, automotive, and energy sectors. Specifically, the Sensex increased by 1,389 points (1.7%), closing at 84,574, while...
Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Indian benchmark indices suffered a sharp decline today, ending the week with a notable drop of over 1%. The BSE Sensex-30 plummeted by 1,017 points, or 1.24%, closing at 81,183.93. Similarly, the Nifty-50 ended the day at 24,852.15, down 292.95 points, or 1.17%.
The downturn was driven by a combination of weak global signals and regulatory challenges. Invest...
Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
In a relatively subdued trading session, the Nifty stayed within a narrow range and ended nearly flat, closing up by 11.65 points, or 0.047%, at 24,823.15. Similarly, the Bank Nifty also saw limited movement, finishing slightly lower by 52.25 points, or 0.10%, at 50,933.45.
Overall market sentiment remained cautious, mirroring a global wait-and-see stance ahe...
Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
After a four-day surge, we expect investors to take some profits following the recent rally. Despite this, the overall trajectory for the Nifty remains positive. A sustained move above the 24,700 threshold could pave the way for the index to reach the 25,000 to 25,100 range. In the near term, we view the 24,400 to 24,500 zone as a crucial support level, and any r...
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
The NIFTY index saw considerable volatility during its expiry session, with significant price swings in both directions. Today, Nifty has shown strength, opening with a gap up near 24,380 levels, buoyed by a global market rally. However, it is crucial for Nifty to maintain these levels, as it may encounter resistance around the 24,400 to 24,500 range, which are key re...
Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
The market managed another gap-up opening, with Nifty opening at 24,300. If Nifty maintains its early gains and breaks through the 24,350 level, short covering could push it towards 24,500.
For today’s expiry, Bank Nifty is likely to face selling pressure at higher levels, with 50,500 expected to act as a key resistance point. This Call strike has signifi...
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Today, Indian equity benchmark indices surged in early trading after a significant decline the previous day. For Nifty, the index is currently in a weak position, with the next support level expected to be between 23,700 and 23,800. On the upside, resistance is anticipated in the range of 24,500 to 24,600.
In Bank Nifty, significant call writing activity is obs...
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Today, the Sensex and Nifty benchmarks are trading higher following a flat start, driven by mixed global trends. The Nifty continues its solid near-term uptrend, facing resistance around the 25,000 level and support expected at 24,700.
For the Bank Nifty, we expect selling pressure at higher levels, with 51,850 identified as a key resistance and 51,000 as ...
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
