Near crucial support zone - Sharekhan

Market on May 19, 2017

The Nifty opened gap up-today and climbed above 9500. However, it could not sustain there for long and slipped into the negative zone. On the way down, the Nifty broke the last session’s low of 9418. Nevertheless, the benchmark index witnessed buying as it approached the key support zone of 9370-9300. On the weekly chart, t

The ongoing sequence of higher tops and higher bottoms remain intact unless 9200 holds - Tradebulls Sec

On the 180 min scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week while a breach only above 9540 would unleash strong bullish momentum. Hence broad ranged bound action within 9530-9260 co

It`s more of global uncertainty which is haunting our markets - Religare Sec

Nifty Outlook

Nifty settled flat in a volatile session, continuing its consolidation phase. The early hour jubilation of the GST progression ended in no time and the index slipped into negative territory, taking note of negative global cues. Further, weakness in rupee against the dollar added to the pressure. While most sectoral indices ended lower, fi

The intraday supports for the Nifty Bank index are placed around 22628 and 22500 - Angel Broking

Sensex (30465) / Nifty (9428)

On Friday, we witnessed a gap up opening with a decent margin; but, as we generally see in such kind of market, all this early morning lead got sold into. In fact, during the day, the Nifty sneaked tad below the 9400 mark. However, the index managed to find some support at lows and hence, the Nifty eventually reclaimed th

The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds - Tradebulls Sec

On the 180 min scale the theory of 'Resistance becoming Support' has been evident in the past. The ongoing sequence of higher tops & higher bottoms remain intact unless 9200 holds. The decline towards 9360-9260 zone could find meaning full support during the week while a breach only above 9540 would unleash strong bullish momentum. Hence broad ranged bound action within 9530-9260 co

Nervousness from global peers, makes NIFTY to cave in - GEPL

Key Highlights:

Nervousness from global peers, makes NIFTY to cave in. Looses 100 points as heavyweight fatigue sets in .…

* The NIFTY opened @ 9453.20, a GAP-DOWN by 73 points over Wednesday on the back of nervousness emitting from the global peers. The first hour saw some respite, as NIFTY moved up a bit till 9490 b

The intraday supports for the Nifty Bank index are placed around 22578 and 22475 - Angel Broking

Sensex (30435) / Nifty (9429)

Yesterday, for the first time after March 22nd, our markets opened lower with a decent margin and eventually ended with a sharp cut of nearly 100 points on Nifty. Clearly, this was a rub off effect from the US bourses as we saw key indices there plunged overnight on the back of some political concerns with respect to thei

Nifty ahead and any decisive slide below that level - Religare Sec

Nifty Outlook

Markets, in line with global peers, reacted sharply to the news that the US President tried to influence federal investigation, raising doubts over his policies ahead. Mostly sectoral indices, barring IT, ended lower and settled around the day’s low. Besides, caution ahead of the beginning of the two-day GST meet also induced the pa

Nifty loose firm momentum and tanks around 100 points from previous session`s close - Tradebulls Sec

Nifty loose firm momentum and tanks around 100 points from previous session’s close. It tested support of upward sloping trend channel and closed near the same in the end. The trend strength indicator (RSI) came out of an overbought state now on the daily scale.A breach below 9400 could distort the firmness & hence could seen as a strong support area. Momentum traders should maintaine

Bulls under some pressure - Sharekhan

Market on May 18, 2017

The Nifty opened with a significant gap on the downside. In the first half of the session, it found support near multiple parameters and attempted a rebound. However, the attempt turned out to be a futile one and in the second half, the Nifty suffered another round of selling. Consequently, it broke certain key short-term support

Markets to make a weak start tailing feeble global cues - LKP Sec

Domestic Market View

Markets to make a weak start tailing feeble global cues

The Indian markets coming off the initial choppiness managed to extend the gains and the benchmarks reached new record highs in the last session. Today, the start is likely to be somber on weak global cues and all eyes will be on th

Nifty has extended gains and managed to sustain above the channel formation and hold 9500 mark- Tradebulls Sec

Nifty has extended gains and managed to sustain above the channel formation & hold 9500 mark. But the trend strength indicator (RSI) has been quoting an overbought state now on the daily scale.A breach below 9400 could distort the ongoing momentum & hence could serve as a trailing stop for the leveraged longs. Momentum traders should maintained as a trailing stop strategy for existing l

Maintains upward trajectory - Sharekhan

Market on May 17, 2017

The Nifty opened marginally positive & was in consolidation mode in the first half of the session. 9500-9480 acted as a key support zone from intraday perspective & dips into that region attracted fresh buying interest. Consequently Nifty inched higher in the second half & posted a positive daily close. Thus the bulls

We expect some consolidation in Nifty now, but the trend would remain positive - Religare Sec

Nifty Outlook

Nifty settled almost unchanged in a range bound session, taking a break after two days of up move. Recovery in metal pack was highlight of the day while mostly sectoral indices traded in line with the benchmark and ended flat. However, there was no shortage of opportunities on stock specific front.

We expect some consolidation i

We expect the index to rally towards our projected target zone of 9600 - Angel Broking

Sensex (30595) / Nifty (9526)

The Nifty index consolidated in a narrow range yesterday and ended the session with minor gains of 0.14 percent. However, we saw stock specific momentum yesterday in some of the index heavyweights which continued to trade with positive bias. The Nifty Metal index was clearly the outperformer as Tata Steel posted gains of o

A breach below 9400 could distort the ongoing momentum - Tradebulls Sec

Nifty has managed to sustain above the channel formation & has conquered the 9500 mark. But the trend strength indicator (RSI) has been quoting an overbought state now on the daily scale.A breach below 9400 could distort the ongoing momentum & hence could serve as a trailing stop for the leveraged longs. Momentum traders should maintained as a trailing stop strategy for existing longs.<

Markets to make a cautious but positive start - LKP Sec

Domestic Market View

Markets to make a cautious but positive start

The Indian markets rallied in the last session to a fresh record high on some good earnings as well as macro indicators. Today, the start of the day is likely to be in green but the mood may turn cautious, as the United Nations has revised dow

Marching higher - Sharekhan

Market on May 16, 2017

The Nifty opened gap up today & witnessed follow through buying. Consequently Nifty scaled smartly & achieved our short term target of 9500. The key psychological mark has been crossed on closing basis today. Thus the bar can now be raised to 9655 from short term perspective. The medium term target remains at 9850. The be

NIFTY closes at a new all-time closing HIGH - GEPL

Key Highlights:

NIFTY closes at a new all-time closing HIGH, as pattern targets to 9670 open-up. BULLS keep the momentum afloat.…

* The NIFTY opened @ 9461, GAP-UP by about 16 points over Monday. The market continued its Bullish mood and breached the all time HIGH of 9450 in opening trade itself. In the 1st half Nifty

The intraday supports for the Nifty Bank index are placed around 22727 and 22578 - Angel Broking

Sensex (30583) / Nifty (9512.25)

Clearly, there is no stopping for our markets as we saw small dip towards the fag end of the previous week got bought into. Markets continued their fabulous run and in the process, the Nifty has now achieved yet another milestone of 9500, which was very much on cards. Yesterday, we witnessed a good broad-based rally in

We suggest staying with the trend and focusing on stock selection - Religare Sec

Nifty Outlook

Jubilation continues as Nifty gained nearly a percent and made a new record high above 9500. Initially, the encouraging export figures boosted the sentiment which latter gained momentum, thanks to the latest update on monsoon. The IMD has shared possibility of early arrival of monsoon in Kerala, which cheered the participants and triggere

Trend strength indicator is placed at 68.06 and is yet to register an overbought state - Tradebulls Sec

On Daily scale, Nifty managed to trade above the upper bound of the ongoing 'Channel'. Trend strength indicator is placed at 68.06 and is yet to register an overbought state. On the lower side 9300 remains a key support zone for the week and a breach below the same could drag the index towards the lower bound of the channel support at 9200. Momentum traders should maintained as a traili