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Month: September 2020

Nifty and Bank Nifty Daily

Nifty and Bank Nifty Daily

We create long positions only on a close above 11,300 and above, the day ended with little breakout on the upside, but shorting should be considered below 11,180 for a target of 11,090 Share on: WhatsApp

Markets Action For The Day

Markets Action For The Day

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 22 points gain. The BSE Sensex declined 8.41 points to 37,973.22 on September 29 while the Nifty50 fell 5.10 points to 11,222.40. According to pivot charts, the key support levels for the Nifty is placed at 11,167.13, followed by 11,111.87. If the index moves up, the key resistance levels to watch out for are 11,291.53…

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Markets Action For The Day

Markets Action For The Day

The Indian stock market is expected to open flat as trends on SGX Nifty indicate a flat to positive opening for the index with a 8 points gain. The BSE Sensex climbed 592.97 points or 1.59 percent to close at 37,981.63 on September 28 while the Nifty50 rose 177.20 points or 1.60 percent to 11,227.50. According to pivot charts, the key support levels for the Nifty is placed at 11,138.43, followed by 11,049.37. If the index moves up, the key resistance levels…

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Do markets form an another bottom?

Do markets form an another bottom?

The market snapped six-day losing streak and rebounded sharply to close above 11,000 on the Nifty with more than 2 percent gains on September 25, the first day of October series. The reports of likely stimulus package from government ahead of festive season lifted sentiment. After looking into some of the global indices, it is evident that markets are on short term support and may enter into a congestion zone. Nifty has exactly fell to its 23.6% retracement from the…

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Markets action for the day

Markets action for the day

After a black and blue beating on September 24, 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 70 points gain. The market corrected for the sixth consecutive session on September 24 with the Nifty falling well below the psychological 11,000 mark amid uncertainty over economic recovery and rising COVID-19 infections. The BSE Sensex plunged 1,114.82 points or 2.96 percent to close at 36,553.60,…

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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