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Month: January 2021

Markets action for the Week

Markets action for the Week

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…

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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 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…

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