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Category: Markets Outlook

Why Markets fell today? What next?

Why Markets fell today? What next?

The market fell mainly due to non-supportive results from front line companies like Reliance, Hdfcbank, and TCS. Secondly the overbought status of the Index. Though Nifty has hit a record high at 12430, after profit booking, markets closed in deep red. Nifty is having support between 12225 and 12150 levels for the next 2-3 days. Technically Nifty50 has broken its Support at 12294 on a closing basis on daily charts, giving a hint at more fall if breaks 12200 then…

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What markets do in coming days

What markets do in coming days

It was completely a bear trap for the last 5 trading sessions thereby Nifty has lost almost 2.5 percent in a week. for the coming week , we might see the external factors that may bring some volatility to the Index . MPC of RBI will meet to take necessary action on further rate cuts keeping the global trade war concerns and economic activities . And the decision is due on 7th Aug. If we look at the weekly technical…

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