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Nifty - Technical Analysis: -Nifty gaps up above 11700 but sellers take control as markets fall drastically ending down 2.65% -Volatility index, India VIX, shot up over 26 per cent to nearly 30 levels. Market - Driving Factors: -Analysts are of the view that the reports of the Indo-China border tensions might have spooked investors, pushing them to take some...

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Nifty - Technical Analysis: -Nifty gaps up above 11600 but gets rejected and fills the gap below -Selling was observed from the zone and it made a lower lows and finally rising from 11550 and closed above previous day's close. Market - Driving Factors: -Gains in financials and realty stocks were capped by losses in index heavyweights RIL, Kotak Bank, HDFC...

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Nifty - Technical Analysis: -Nifty gapped up above 11500 and took support near previous close to move up -A strong uptrend was observed in the last few hours as price closes to the resistance zone of 11600 Market - Driving Factors: -The move today was in sync with a positive opening in the European markets which is banking on additional stimulus measures to...

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Nifty - Technical Analysis: -Nifty gapped up above 11500 and soon fell down to fill the gap -After a small pullback it fell a bit more to another trend line forming a lower low, After two failed attempts to get a strong bear trend nifty reversed up a bit Market - Driving Factors: -Among sectors, except bank and auto, other indices ended in the red. BSE Midcap...

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Nifty - Technical Analysis: -Nifty gapped up good today around 11400 and closed at 11378 -Nifty got back in trading range and not move on wither side is possible with a bullish bias Market - Driving Factors: -Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank -Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...

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Nifty - Technical Analysis: -Nifty gapped up today but closed at 11421 below the opening price at 0.2% -Nifty saw resistance around 11450 but took support at 11400 and bounced back Market - Driving Factors: -Zee Entertainment, GAIL, Bharti Airtel, Tech Mahindra and Maruti Suzuki were among major gainers on the Nifty, while losers included Bajaj Auto, Nestle,...

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Nifty - Technical Analysis: -Nifty saw a good uptrend today and rose 1.23% ending at 11391 -Nifty saw some resistance around 11350 but took support at 11300 and bounced back Market - Driving Factors: -Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04% -Overseas funds have sold $14.6 billion of Indian corporate and government bonds this...

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Nifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks...

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Nifty - Technical Analysis: Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index. On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel. Market - Driving Factors: All sectoral indices ended in...

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Nifty - Technical Analysis: Nifty had a gap-down opening on hourly charts and remained within a range throughout the day. On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets. 9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...

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Nifty - Technical Analysis: Nifty opened with a gap down and ended the day just above its low, forming a near perfect marubozu, which is an extremely bearish signal. On the bright side, Nifty managed to hold its 10900 lower trend line support. The index formed a near perfect wedge on 15m charts. Market - Driving Factors: PSU bank and Metal indices...

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Bank Nifty - Technical Analysis: Bank Nifty started off the day with a gap-up opening but soon corrected over 1.7% within an hour. The bears then started booking their profits due to which Bank Nifty retraced upward before settling near the day's high. On the hourly chart, Bank Nifty gave a failed breakout above the EMA20 line and formed a red candle after...

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Bank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank...

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NIFTY - Technical Analysis: On the daily chart Nifty broke into the previous wedge after giving a failed breakout There was a big OI build up for weekly call options at 10700 strike, indicating that writers are confident that Nifty won't cross 10,700 levels in the next 2 days MACD entered negative levels, giving out a strong sell signal NIFTY - Driving...

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Bank Nifty Technical Analysis: Bank Nifty broke the lower trend line of an almost 20-day long rising wedge pattern. The bears were clearly in control of the market, bringing the index down by 1.38%. 22000, which is the 50% Fibonacci Retracement level, acted as a strong support. Bank Nifty Driving Factors: Yes Bank FPO failed to excite market...

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high chances of trend to continue to see more rise in banknifty Support at 21600, if falls there good opportunity to buy

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Bank nifty saw a great trend after we recommended it in our last post The trend is still going strong with good buying opportunities 22k might see some profit booking

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Bank nifty likely to see resistance here with support zone at 20600 Possible move above this line could result in big trend