Equity_Compound_2

Equity_Compound_2

After a long run up, markets seem to be in a phase of some consolidation and correction, While i expected a higher correction on indices, it came more on Bank Nifty and less on Nifty. Reliance continued to hold Nifty. Probably because of its AGM this week and also some inside news of a fresh investment. HDFC Bank and Reliance both seem to be bullish as of now....

Equity_Compound_2

Markets opened with caution today, but gained ground through the day. in the second half though the banking stocks saw pressure and led to selling. Indices closed near the lower end of the trading range. Indicating caution. Option data suggests a trading range of 9800 to 1000 for tomorrow. Bank Nifty seems to have a trading range of 19500 to 20500. As usual lets...

Equity_Compound_2

After opening at a strong position today, markets quickly saw some profit booking and started slipping. The Indo China border flare up news came in and markets reacted sharply. Though they quickly recovered. As of now the market has shrugged of the border issue. Though, i feel we need to watch it closely. The markets are clearly following US. US is positive today...

Equity_Compound_2

Data indicates weakness embedding in the markets. Markets did see support coming in at 9726 levels. This would be an immediate support for the market. However, if retested, it may be vulnerable. Similarly, BankNifty saw support coming in at 19740, this would be an immediate support as well. If market stabilizes tomorrow, BankNifty may outperform Nifty. Lot...

Equity_Compound_2

A change in the FII view seems happening. They are gradually getting more bearish (atleast in short term). The week saw huge volatility of around 800pts. After opening at 10328 levels it saw a min of 9544 and closed at 9958 recovering around 400 pts. The low of 9544 is a strong support for this week and also the month. On the higher side 10150 is where resistance...