Market Recap 24 August 2021: Views On Nifty: Nifty opened gapped up in the morning and after a brief correction continued its upwards journey. The bulls have strong grip on the market currently. NIFTY closed with a gain of 128.15(0.78%). There were 35 advances in NIFTY. Nifty Metal being the highest gainer with a gain of 2.90%. Views on Bank Nifty: Bank Nifty...
Views On Nifty: Nifty opened gapped up in the morning and slipped down soon after in the morning. Once the support was hit at approx. 16400, NIFTY reversed in Bullish manner and closed near Friday’s Highs. Resistance is seen at 17000 and support @ 16500. Views on Bank Nifty: Bank Nifty too fell heavily after initial gap up in the morning and eventually rose...
Although the bulls tried to take the markets higher, bears pulled it down toward the close of the session. Meanwhile, 27 of the Nifty50 stocks closed in the green. Among the Nifty sectoral indices, Pharma (+3.6%) and Media (+1.9%) were the top gainers, whereas Metal (-0.7%) and PSU Banks (-0.3%) lost the most. Asian and European Markets have been in bearish.US...
Markets had a subdued opening and traded in a narrow range throughout the day. The market breadth was weak as 30 of the Nifty50 stocks closed in the red. Among the Nifty sectoral indices, Metal (+0.6%) and Pharma (+0.3%) were the top gainers, whereas Realty (-0.9%) and PSU Banks (-0.8%) were the top losers. Asian Markets except Nikkei Index closed in red. ...
The markets opened with a gap-down and remained in the negative territory for the rest of the day. The advance: decline indicated broad-based selling as 40 of the Nifty50 stocks closed in the red. Among the Nifty sectoral indices, all indices except FMCG were down, with Media (-2.5%) and Realty (-2.5%) being the top losers. Nifty FMCG (+0.1%) was the only index to...
The markets had a weak start and the selling accentuated in the second half of the trading session. 39 of the Nifty50 stocks closed in red, indicating broad-based selling. Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat. Asian Markets and European...
Despite a weak opening, markets picked up the pace and closed higher. However, the advance-decline ratio was not favorable, with 28 of the Nifty50 stocks closing in the red. Among the Nifty sectoral indices, IT (+3.1%) and Pharma (+0.3%) were top gainers, whereas Realty (-0.9%) and PSU Bank (-0.5%) were the top losers. Asian Markets and European Markets are...
After a gap-up opening markets steadily inched up and closed near the day’s high. The market breadth was healthy, with 34 of the Nifty50 stocks closing in the green. Among the Nifty sectoral indices, Financial Services (+1.4%) and Bank (+1.3%) were the top gainers, whereas Media (-0.5%) and IT (-0.3%) were the top losers. Asian Markets and European Markets are...
After a gap-up opening, the markets slid downwards for most of the day. However, the advance-decline ratio was nearly even, with 26 of the Nifty50 stocks registering gains. Among the Nifty sectoral indices, Pharma (+0.9%) and Auto (+0.8%) were the top gainers, whereas IT (-0.5%) and Financial Services (-0.4%) fell the most. While Asian markets ended in red, the...
Profit booking continued in the markets today with the market falling by half a percent. Of the Nifty50 stocks, 36 stocks closed in the red. Among the Nifty sectoral indices, only Pharma (0.58%) and FMCG (0.5%) were gainers, whereas PSU BANK (-1.48%) and METAL (-1.22%) declined the most. While Asian markets closed in red, European Markets are in green currently....
After a gap-up opening the markets witnessed profit booking. Of the Nifty50 stocks, 27 stocks closed in the red. Among the Nifty sectoral indices, PSU Bank (2.4%) and Metal (1.2%) were top gainers, whereas Media (-0.6%) and IT (-0.4%) declined the most. Both Asian and European Markets are in red. US have started negative. Dow Futures has been below 200 MA on 5...
Analysing the Nifty Chart on 1-Hour Time frame I find that NIFTY has broken an important level @ 14751 with huge volumes today.This level acted as resistance on 21st Jan 21 and 2nd Feb 21.Subsequently it was broken and hence forth acted as support.This could mean that NIFTY may fall to the level of 14214 and subsequently 13590.These are next sup in.tradingview.com...