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Month: November 2020

Markets Action for the day

Markets Action for the day

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…

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Markets for the day

Markets for the day

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…

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Markets action for the day

Markets action for the day

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…

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Markets for the week ahead

Markets for the week ahead

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…

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Stocks to trade for the day

Stocks to trade for the day

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….

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Markets action for the day

Markets action for the day

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…

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Markets action for the day

Markets action for the day

The BSE Sensex closed above the 40,000 mark, rising 503.55 points or 1.27 percent to 40,261.13 points on November 3 while the Nifty50 gained 144.30 points or 1.24 percent to 11,813.50 points. According to pivot charts, the key support levels for the Nifty is placed at 11,745.8, followed by 11,678.1. If the index moves up, the key resistance levels to watch out for are 11,858.7 and 11,903.9. FIIs have bought Rs 3,015 cr in cash markets in 2 days. Bank…

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Markets for the week ahead

Markets for the week ahead

The market closed lower for a second consecutive session on October 30, the first day of the November series. Traders now keenly await direction from the US elections slated next week and clarity on the looming threat from the second wave of coronavirus cases across the US and Europe. The world is still unaware of whether the degree of the second wave is the same effect as the previous. The consensus says we don’t see much impact from the second wave. We expect…

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