NIFTY ON 27-07-2022 Under the leadership of BANK, FINANCIALS and IT NIFTY recovered from the lower levels to make a day high of 16653.45. The buying in Heavy weights such as TCS and BAJAJ FINANCE provided the momentum to the Index. Buying was observed in all sectors and consequently all the sectoral indices have closed in green by the end of session. However, the...
NIFTY ON 25-07-2022 As we have been discussing since last two posts that NIFTY is entering into overbought zone and long positions holder should pe precautious NIFTY finally opened Gap down and selling was observed in all vital indices except IT and METAL which gained 0.17% and 1.46% respectively during today’s trading session. Weakness was observed in...
NIFTY ON 21-07-2022 Riding on the back of Global cues and buying by the FIIs NIFTY performed splendidly against all the odds during today’s session. Bulls tightened their grip and brought the Bears to their knees as they succeeded to defend the crucial level of 16500 during the trading session which consequently pushed the Index towards 16600. NIFTY closed at...
NIFTY ON 20-07-2022 Nothing surprising happened during today’s trading session as NIFTY opened gap up and resumed its journey towards 16600. Index acted in the presumed way as the strong hurdle of 16600 could not be broken during Intraday. NIFTY closed at 16520.85 after making a high of 16588 and a low of 16490 resulting into a quiet day for the traders. Short...
NIFTY ON 19-07-2022 Opened with a Gap Down at 16187.05 NIFTY observed buying and the opening became the Day low for the day. NIFTY continued its southward journey to make a day high of 16359.50 and closed at 16340.55 making a strong bullish candle on daily chart. Except PHARMA and OIL&GAS all other vital Indices closed in Green with AUTO and BANK emerging as...
NIFTY ON 17-07-2022 As expected NIFTY began the session on a positive note and continued northward journey toward the crucial level of 16300. IT, METAL and BANK emerged to be the highest gainers with 3.19%, 2.49% and 1.95% while after a long rally FMCG and PHARMA closed with marginal losses of -0.09% and -0.15%. NIFTY closed near day high at 16278.50 with a gain...
NIFTY ON 15-07-2022 NIFTY began the session on a positive note and retested the crucial level of 15950 during the trading session. The Index took support from the day low of 15927 and continued the southward journey to close with a gain of 0.69% on daily chart. AUTO and FMCG emerged to be the highest gainers with 2.03% and 1.47% while METAL and IT continued to...
NIFTY on 19-04-2022 After a gap up opening NIFTY again failed to sustain the crucial level of 17200 and selling came from all the sectors except OIL&GAS (+0.75%). As a reaction to the weak results of INFOSYS, IT continued to correct further and lost 2.98% during the session. The concern regarding the rise in inflation and continuous selling from FIIs may be...
NIFTY on 04-04-2022 Along with strong global cues and FIIs Buying, the news of Merger of HDFC & HDFC Bank pulled NIFTY out of the consolidation zone and break out emerged over 18040 ( which was strong obstacle for short and mid-term). BANK took the lead with a gain of 4% and helped NIFTY to easily cross 18040 level and make a day high of 18114. NIFTY closed above...
NIFTY on 01-04-2022 Riding on the back of Positive global cues and Buying from FIIs and NIFTY continued its northward journey and easily crossed the first major hurdle of 17550 in the first half of the 1st trading session of new Financial Year. Lead by BANK and FINANCIAL (+2.13% ), OIL & GAS ( +2.31%) and support from AUTO (+1.18) NIFTY successfully crossed the...
NIFTY on 30-03-2022 Supported by Global Cues and reduced Prices of Crude Oil NIFTY began the session with Gap Up and Profit booking observed as soon as the market opened. NIFTY took support near its first support level i.e. 17360 and bounced back to continue its northward journey towards 17500. BANK and AUTO emerged to be the greatest contributors with +1.36% and...