Markets action for the day

Markets action for the day

The Indian stock market is expected to open gap-down following weak global cues. Trends on SGX Nifty indicate a gap-down opening for the index in India with a 127 points loss. The BSE Sensex was down 65.66 points at 37,668.42 on September 23 while the Nifty50 slipped 21.80 points to 11,131.90. According to pivot charts, the key support levels for the Nifty is placed at 11,017.63, followed by 10,903.47. If the index moves up, the key resistance levels to watch out for are 11,252.73 and 11,373.67….

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Markets action for the week ahead

Markets action for the week ahead

The market witnessed consolidation throughout the week ended September 18 and closed on a flat note amid mixed global cues and lingering India-China border issue. IT and pharma stocks hogged the limelight by gaining 6-9 percent during the week, but selling in banking & financials and FMCG shares weighed on the sentiment. The BSE Sensex closed 8.73 points lower at 38,845.82, while the Nifty50 gained 40.50 points at 11,504.95, whereas the broader markets regained ground by outperforming frontline indices. The…

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Markets Action For The Day

Markets Action For The Day

The Indian stock market is expected to open flat as US markets ended lower while on the other hand, Asian markets are trading mixed. Trends on SGX Nifty indicate a flat opening for the index in India with a 3 points loss. The Sensex fell 323 points to close at 38,979.85 on September 17 while the Nifty dropped 88.40 points to 11,516.10. According to pivot charts, the key support levels for the Nifty is placed at 11,480.67, followed by 11,445.23. If the index moves up, the…

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Markets Action for the Day

Markets Action for the Day

The Indian stock market is expected to open flat following mixed Asian cues. Trends on SGX Nifty indicate a flat opening for the index in India with a 19 points loss. The BSE Sensex closed above 39,000 levels, up 287.72 points at 39,044.35 on September 15 while the Nifty50 jumped 81.80 points to end above the crucial 11,500 mark, at 11,521.80. According to pivot charts, the key support levels for the Nifty is placed at 11,464, followed by 11,406.2. If the index moves up, the key…

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Markets Action for the day

Markets Action for the day

The market started off on a strong note on September 14, but erased all gains in the last couple of hours of trade due to selling in banking and financials and select FMCG stocks. But strong buying in technology stocks after management commentary from HCL Technologies capped the downside. For daily research recommendations, subscribe to our services https://streetgains.in/Subscribe/ Share on: WhatsApp

Markets action for the week

Markets action for the week

The market rebounded this week after a correction of more than 2.5 percent in the previous week and recouped some of the losses to close over a percent higher in the week ended September 11. The rally was majorly driven by index heavyweight Reliance amid a second round of fundraising via retail business; easing India-China border tensions amid talks between countries held in Moscow, and upside in IT stocks. But the correction in banking & financials capped upside. Nifty is currently…

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Markets Action For the Day

Markets Action For the Day

The Indian equity market is expected to open in the red following negative global cues. Trends on SGX Nifty indicate a negative opening for the index in India with a 40 point loss. The BSE Sensex surged 646.40 points or 1.69 percent to close at 38,840.32 on September 10 while the Nifty50 jumped 171.30 points or 1.52 percent to 11,449.30. According to pivot charts, the key support levels for the Nifty is placed at 11,363.07, followed by 11,276.93. If the index moves up, the key resistance…

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Market Action for the day

Market Action for the day

The market closed at more than six-month high on August 28, the first day of September series, as bulls remained in a strong position, backed by banking & financials and liquidity boost. The BSE Sensex climbed 353.84 points to 39,467.31, while the Nifty50 rallied 88.30 points to 11,647.60, the highest level since February 26, 2020, and formed a bullish candle on the daily as well as weekly charts. The index gained 2.43 percent for the week. The Bank Nifty smartly…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 477.54 points or 1.26% and hit 38528 level, while the NSE Nifty settled at 142 points or 1.27% higher and closed at 11389 level. Bank Nifty index has made positive 469.75 points or 2.16% and hit the 22170 levels. GRASIM, ULTRACEMCO, JSWSTEEL, KOTAK BANK, and ICICI BANK were among major gainers on the Nifty, while losers were BPCL, TECHM, CIPLA, GAIL, and HCL TECH. Nifty Chart Price Gainers Our Top Advises For…

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Market action for the day

Market action for the day

The market rebounded and recouped last week’s losses with the Nifty gaining six-tenth of a percent on August 17 backed by auto, FMCG, IT, metals, and private banks stocks. The Sensex closed at 38,050.78, up 173.44 points, and the Nifty climbed 68.70 points to 11,247.1. On the daily technical chart, the index has formed a Doji kind of indecisive formation, which can also be viewed as an Inside Bar due to trading inside the previous session’s trading range. The bounce…

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