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Month: August 2020

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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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 173.44 points or 0.46% and hit 38050 level, while the NSE Nifty settled at 68.70 points or 0.61% higher and closed at 11247 level. Bank Nifty index has made positive 21.45 points or 0.10% and hit the 21700 level. NTPC, EITCHERMOT, ZEEL, HINDALCO, and BAJAJ – AUTO were among major gainers on the Nifty, while losers were SBIN, BHARTIARTL, BPCL, RELIANCE, and TATA MOTORS. Nifty Chart Price Gainers Our Top Advises For…

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Market action for the day

Market action for the day

Indian equity benchmarks slipped into the red in the week gone by due to profit-booking amid mixed global cues. The S&P BSE Sensex wiped out gains made during the past week and closed with a minor cut of 0.4 percent while the Nifty50 fell 0.3 percent for the week ended August 14. The S&P BSE Mid-cap index rose 1.5 percent, and the S&P BSE Small-cap index closed with gains of 1.3 percent for the week ended August 14. In the…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 433.15 points or -1.13% and hit 37877 level, while the NSE Nifty settled at 122.05 points or -1.08% lower and closed at 11178 level. Bank Nifty index has made negative 516.95 points or 2.33% and hit the 21679 level. JSW STEEL, COAL INDIA, SUN PHARMA, CIPLA, and NTPC were among major gainers on the Nifty, while losers were EITCHERMOT, TATA MOTORS, M&M, AXIS BANK, BAJFINANCE, and SBIN. Nifty Chart Price Gainers Our…

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Market action for the day

Market action for the day

Indian equity benchmarks opened in the green but failed to hold to their gains, ending in the red on August 13. Investors booked profits as valuations are no longer cheap and the earnings season is largely coming to an end. The Sensex closed 59 points, or 0.15 percent, lower at 38,310.49 and the Nifty ended at 11,300.45, with a loss of 8 points, or 0.07 percent. Nifty – According to pivot charts, the key support level for the Nifty is placed…

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Great Charts that we traded

Great Charts that we traded

Dear Traders, The following are the best trades we recommended to our clients. We are sharing the charts for your kind reference. The stocks we selected are the TOP gainers in FnO segment. you can verify the same on the NSE website. Decide whether you wish to trade stocks that move 3-15% in a day. Get your premium subscription. https://streetgains.in/Subscribe/ Share on: WhatsApp

Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 59.14 points or -0.15% and hit 38310 level, while the NSE Nifty settled at 7.95 points or -0.07% lower and closed at 11300 level. Bank Nifty index has made negative 67.65 points or 0.30% and hit the 22196 level. TATA MOTORS, LT, HINDALCO, TITAN, and INFRATEL were among major gainers on the Nifty, while losers were SUN PHARMA, EITCHERMOT, BHARTIARTL, HDFCLIFE, and ITC. Nifty Chart Price Gainers Our Top Advises For trading…

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Market action for the day

Market action for the day

The Indian market witnessed profit-booking on August 12 as the Nifty snapped its six-day winning streak while the Sensex closed with minor losses after four days of gains. Investors booked profits in light of weak global cues as doubts grew about whether or not the US lawmakers would reach an agreement on the coronavirus fiscal package to support its struggling economy. On the domestic front, muted macroeconomic data and persistently rising COVID-19 cases dented market sentiment. The Sensex closed 37…

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