The BSE Sensex corrected 549.49 points to close at 49,034.67 though managed to hold on to 49,000-mark while the Nifty50 declined 161.90 points to 14,433.70 and formed a bearish candle on the daily charts as closing was lower than opening levels. The index gained 0.6 percent for the week and formed a Doji kind of pattern on the weekly scale as the closing was near its opening levels. The sharp decline of Friday seems to be a one day drop…
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 74 points gain. The BSE Sensex fell 263.72 points to 48,174.06 on January 6 while the Nifty50 slipped 53.20 points to 14,146.30. According to pivot charts, the key support levels for the Nifty are placed at 14,042.67, followed by 13,939.13. If the index moves up, the key resistance levels to watch out for are 14,246.97…
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 43 points gain. The BSE Sensex was up 529.36 points at 46,973.54 on December 24 while the Nifty50 jumped 148.20 points to 13,749.30. According to pivot charts, the key support levels for the Nifty are placed at 13,660.13, followed by 13,571.07. If the index moves up, the key resistance levels to watch out for are 13,805.03…
The Indian stock market is expected to open slightly in the red as per the SGX Nifty indication Benchmark indices ended at record closing high backed by buying across sectors. The BSE Sensex rose 446.90 points or 1 percent to 45,079.55 on December 4 while the Nifty50 jumped 124.60 points or 0.95 percent to 13,258.50. According to pivot charts, the key support levels for the Nifty is placed at 13,180.87, followed by 13,103.23. If the index moves up, the key resistance…
The Indian stock market is expected to open in the red following global cues. Trends on SGX Nifty indicate a negative opening for the index in India with a 109 points loss. The BSE Sensex declined 236.48 points to 43,357.19 on November 12 while the Nifty50 slipped 58.40 points to 12,690.80. According to pivot charts, the key support levels for the Nifty is placed at 12,630, followed by 12,569.2. If the index moves up, the key resistance levels to watch out for are…
The Indian stock market is expected to open on a cautious note after eight straight days of gains. The BSE Sensex rallied 316.02 points to end at a record closing high of 43,593.67 on November 11 while the Nifty50 climbed 118.10 points to 12,749.20. According to pivot charts, the key support levels for the Nifty is placed at 12,623.6, followed by 12,498.0. If the index moves up, the key resistance levels to watch out for are 12,822.3 and 12,895.4. Dear…
The Indian stock market is expected to open in the green amid hopes of a coronavirus vaccine. Trends on SGX Nifty indicate a gap-up opening for the index in India with a 174 points gain. The BSE Sensex jumped 704.37 points or 1.68 percent to 42,597.43 on November 9 while the Nifty50 gained 197.50 points or 1.61 percent at 12,461. According to pivot charts, the key support levels for the Nifty is placed at 12,394.2, followed by 12,327.4. If the index…
The domestic equity market is likely to be guided by quarterly earnings data, coronavirus-related updates, and global trends this week, with bouts of profit-booking at higher levels going ahead. Rising coronavirus infections in Europe had dented market sentiment last week. Concerns over a resurgence in coronavirus cases may also play in investors’ mind going ahead. Let’s go through some of the key world markets and its technicals Now let’s look at Indian Markets and sectors We are excited to announce…
The Indian stock market is expected to open on a cautious note with eyes on US election results. Trends on SGX Nifty indicate a flat opening for the index in India with a 4 points loss. The BSE Sensex jumped 724.02 points or 1.78 percent to close at 41,340.16 on November 5 while the Nifty50 surged 211.80 points or 1.78 percent to 12,120.30. According to pivot charts, the key support levels for the Nifty is placed at 12,054.9, followed by 11,989.5….
The market closed on a strong note after witnessing a roller-coaster ride amid US presidential election results on November 4, led by buying in IT and pharma stocks and sharp weakness in rupee against the US dollar. The BSE Sensex jumped 355.01 points to close at 40,616.14, while the Nifty50 rallied 95 points to 11,908.50 and formed a bullish candle on the daily charts. The Indian stock market is expected to open in the green as trends on SGX Nifty indicate…