NIFTY ON 18-05-2023 Except BANK and FINANCIAL SERVICE all the sectors took the heat today as Index failed to sustain the crucial 18225-200.The sell-off continued despite a gap-up opening , Buying from FIIs and positive global cues coming from Japan and US. PHARMA and FMCG shaded more than 1% while AUTO and METAL lost more than 0.50% during intraday. NIFTY finally...
NIFTY ON 17-05-2023 Following the previous session’s sell-off Index continued its southward journey despite a Positive opening. The strong resistance of 18447 could not be broken by the Bulls during previous trading session and consequently profit booking as well as selling continued at higher levels. This dragged NIFTY below crucial 18200 which was the immediate...
NIFTY ON 10-05-2023 Denying all Odds NIFTY started the session on a positive note and attempted to claim 18350 during the first 30 minutes of the session. However, the resistance remained intact and profit booking was observed near 18300 which dragged the Index towards the crucial level of 18200. It worked as the demand zone and with the help of BANK and AUTO...
NIFTY ON 09-05-2023 Beginning the session on a positive note NIFTY marched towards 18350 which proved to be the immediate hurdle and profit booking was observed at this level which dragged NIFTY towards the day low of 18229.65. After a rally of such length the correction seems natural and hence in my view there is not much to discuss under this segment. NIFTY...
NIFTY on 17-04-2023 The massive fall in IT ( -4.71%) dragged the NIFTY towards the vital 17600 level during the first 30 minutes of trading session. However, with the support of BANK (0.31%) and AUTO (0.60%) , NIFTY took support near 17575 and reclaimed 17700 on closing. As there was only one factor which ruled the market today there is not much to discuss under...
NIFTY on 12-04-2023 Buying was observed in all Indices except FMCG and leadership came from IT, BANK, AUTO and PHARMA which fuelled the northward rally of NIFTY for consecutive seventh session. Opened positive NIFTY took support near its first support level near 17700 and marched towards 17800. However, some profit booking as well as selling pressure was observed...
NIFTY on 13-04-2023 As discussed in the previous blog Index faced strong resistance near 17800 and fell to retest 17725 during intraday. During a volatile session on the day of weekly expiry , with the support of BANK and FINANCIAL, NIFTY bounced back sharply from the first support level, recovering all losses to reclaim 17800, and closed above the sacrosanct...
NIFTY on 11-04-2023 Riding on the back of positive global cues and continued buying from FIIs NIFTY defied all the odds and started the session positively. With buying observed in almost all the vital sectors except IT, NIFTY took support at first level and marched towards the next important resistance level of 17750. However, profit booming as well as selling...
NIFTY on 10-04-2023 Opened positive NIFTY marched towards the next important hurdle of 17700. Major support came from AUTO and IT which gained 1.18% and 0.96% respectively. However, in the absence of any strong cue on either of the sides the Index remained sideways till first half. However, the weakness in BANK NIFTY played a major role in the second half and...
NIFTY on 03-03-2023 Following the Positive Global cues NIFTY began the day in green with a gap up opening and marched north with all its strength. Under the Leadership of METAL and BANK (3.55% and 2.13%) the Index saw buying in all sectoral indices and consequently broke the barrier of 17500 during the first hour of trading session and marched towards the next...
NIFTY ON 19-01-2023 The volatility in the Indian equity markets continued amid the weak global cues. Opened Gap down Index fell below its crucial intraday support level of 18100 and made the day low of 18077.85 during the first hour of trading session. Index immediately took support from this level and made the day high of 18155.20. Despite all the negative...
NIFTY ON 11-01-2023 Despite being a range bound trading session it was a day full of volatility. Bears succeeded to tighten their grip as Bulls failed to reclaim 18000 during intraday. This increased selling pressure which dragged Index towards the crucial 17800 in the first 15 minutes of session. However, a sharp recovery from this level was observed towards...
NIFTY ON 10-01-2023 The global volatility was well reflected by Indian Markets during today’s session. Opened flat Index again moved unidirectionally like yesterday. The only difference was that the direction was southward. Index fell to retest 17800 during Intraday which is the sacrosanct level for Nifty as any violation of this level on closing basis, may drag...
NIFTY ON 09-01-2022 Following Positive Global cues, NIFTY Opened Gap up and didn’t look back to over come all the resistance levels. This unidirectional rally took Index towards the crucial resistance level of 18150- 18200 from which profit booking was observed during the trading session. As discussed in the previous post, it remained a volatile session. Index...
NIFTY ON 06-01-2023 Opened flat, NIFTY failed to sustain the immediate resistance of 18040 and selling pressure was observed in all indices. BANK and IT remained the biggest losers with losses of 0.99% and 2.0%. The weak global cues, fear of recession and selling from FIIs were the prime reasons behind the unidirectional fall. Index fell to retest 17800 during...
NIFTY ON 02-01-2023 Defying weak Global cues Index opened gap up and failed to sustain 18200 and fell to retest 18100 during the first hour of trading session. A sharp recovery from the lower levels was observed and Index reclaimed 18200 during intraday. Several attempts were made by the Bears to bring the Index below but the Bulls took the charge and kept the...
NIFTY ON 30-12-2022 Following the positive Global cues Index opened gap up and made the day high of 18265.25 but failed to sustain 18250 and selling pressure came from all directions which dragged the Index towards the day low of 18080.30. The Index kept oscillating between 18150 and 18200 and both Bulls and Bears tried to bring the odds in theirs favour. It was...
NIFTY ON 23-12-2022 The Index didn’t hesitate to chase the negative sentiments arose due to the current situation of China and fell unidirectionally to retest 17800 during Intraday. It was discussed in the previous post that the Index may fall till 17800-500 in upcoming sessions as there is no favourable news for the Bulls. All the Sectoral Indices closed in Red....