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Nifty - Technical Analysis: -NIFTY stages rebound after 6-day fall -NIFTY is testing the 11k resistance and rejection from here can push it lower. -NIFTY gapped up above 10900 and crossed the intraday high in the afternoon session and saw a good trend till 11k Market - Driving Factors: -Top Index gainers: Bajaj Finserv (6.64%), HCL Tech (5.30%), Airtel...

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Nifty - Technical Analysis: -Indian benchmark indices had a gap down opening and kept losing ground as the day wore on, to finally end the day around 2.8% down -NIFTY broke 11k in the start and kept falling after -The uncertainty regarding an economic recovery, the unabated rise in virus infections, and today being derivatives expiry day, all contributed to the...

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Nifty - Technical Analysis: -NIFTY gapped up but instantly started falling from 11300 -It fell till 11100 and bounced back from it to move sideways for the rest of the day - Nifty ended at 11,153.65 with a loss of 97 points or 0.86 percent. Market - Driving Factors: -Among the sectoral indices, BSE IT and Teck ended in the green, bucking the trend. On the flip...

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Nifty - Technical Analysis: -NIFTY fell after European markets opened in fears of another lockdown in the UK -NIFTY was above 11500 but starting falling after FTSE opened and started falling sharply. -It crossed below 200SMA and broke it with strength. We can expect a little bounce at 11200 before continuing the downtrend. Market - Driving Factors: -Market...

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Nifty - Technical Analysis: -NSE Nifty 50 index fell for second straight session dragged by weakness in banking, financial services and FMCG shares. -NIFTY was sustaining above 11550 for the first session of the day but witnessed high selling pressure during the last hour and was brought down. -It bounced from the 200SMA in 1hr candles for the second time...

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Nifty - Technical Analysis: -Nifty ended 88 points, or 0.76 percent, down at 11,516.10. -Technology is the only saving grace and the only sector in green but that too has come off. Key victims today are metals and auto. -Divergence in RSI was observed as NIFTY was unable to cross the resistance zone. We can see selling pressure below 11470 Market - Driving...

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Nifty - Technical Analysis: -Benchmark index NIFTY traded positive today as it continued yesterdays move and moved upwards to 11600 -We are near the resistance zone and tomorrow can be decisive for further trends -Tomorrow is expiry day and we can see some volatility Market - Driving Factors: -Among the sectoral indices, BSE Realty, Healthcare, IT and Auto...

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Nifty - Technical Analysis: -Benchmark indiex NIFTY traded sideways in a tight range, before ending the day with a positive bias. -Today it got rejected from 11500 twice but crossed it with strength and also sustained it till the end. -The markets are almost at the upper end of the trading range and a push above 11,600 could bring in more trading optimism with a...

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Nifty - Technical Analysis: -Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular. -We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory. -NSE Nifty settled 24...

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Nifty - Technical Analysis: -Nifty closed 15 points, or 0.13 percent, up at 11,464.45. -It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign -FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period. Market - Driving...

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Nifty - Technical Analysis: -Nifty logs a gain of 171 points, or 1.52 percent, to settle at 11,449.25 -RIL jumped over 7% -It gaped above 11300 based on recovery in US markets after the selloff a few days back, we can see resistance at 11600 and index would need to cross above resistance zone before seeing upper levels. Market - Driving Factors: -Nearly 100...

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Nifty - Technical Analysis: -Nifty settled 39 points, or 0.35 percent, lower at 11,278. -NIFTY saw selloff in the first session of the day till 11200 and bounced back from the level. -It gapped down owing to the selloff of tech stocks in US and recovered when European markets opened in green today. Market - Driving Factors: -Today's session witnessed sell-off...

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Nifty - Technical Analysis: -Nifty was up 21.10 points or 0.19% at 11,355. -It gapped down today and dropped to 11250 but bounced back from the support and closed postive. -Nifty forms a doji again on daily chart indicating indecision in markets. Swing traders are advised to take their profits and wait for further levels before taking positions. Market -...

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Nifty - Technical Analysis: -Nifty was down 193.60 points or 1.68% at 11333.90. -Price below the trendline and made a new low after previous Monday. -Nifty could not revive the gap-down and closed low forming a doji. Resistance level at 11450. Further selloff to 11250 exptected. Market - Driving Factors: -All the sectoral indices ended lower with metal index down...

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Nifty - Technical Analysis: -Nifty ended flat today, after opening above 11550 it made lower highs forming a triangle pattern -Closed at 11535, breakout to be seen from the triangle on Friday -The markets traded with lacklustre volumes with no definite direction. If we need to see higher levels, we need to cross the resistance of 11600 Market - Driving Factors:...

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Nifty - Technical Analysis: -Nifty closes green for the second day after the big fall on Monday, closing above 11500 indicating stability -Support level at 11400, resistance levels to watch out for ahead: 11600,11660 Market - Driving Factors: -The oil & gas and IT indices gained over a percent while the midcap and smallcap indices added a percent each. -Top...

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Nifty - Technical Analysis: -Nifty gapped up above 11400 and took support from the trendline. -Support level at 11400, crossing above 11550 could lead to upward targets of 11700,11750 Market - Driving Factors: -Data after market hours on Monday showed the country's economy contracted 23.9 per cent in the June quarter, much worse than estimates -Nifty settled...