Markets action for the day

Markets action for the day

The BSE Sensex gained 254.03 points to close at 51,279.51 on March 10 while the Nifty50 rose 76.40 points to 15,174.80 and formed a small bearish candle on the daily charts as the closing was lower than opening levels. According to pivot charts, the key support levels for the Nifty are placed at 15,110.9, followed by 15,047. If the index moves up, the key resistance levels to watch out for are 15,228.6 and 15,282.4. Share on: WhatsApp

How to trade markets today

How to trade markets today

The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat to positive opening for the index in India with a 26 points gain. The BSE Sensex gained 35.75 points to 50,441.07 on March 8 while the Nifty50 rose 18.10 points to 14,956.20. According to pivot charts, the key support levels for the Nifty are placed at 14,880.33, followed by 14,804.47. If the index moves up, the key resistance levels to watch out for…

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Markets action for the week ahead

Markets action for the week ahead

The Nifty50 has broken the psychological 15,000 mark this week. It fell nearly a percent on Friday to form Spinning Top pattern on the daily charts, while for the week, it gained 2.8 percent and witnessed Shooting Star kind of formation on the weekly scale. Overall, the index has been in a broad range of 14,500-15,300 levels, hence the breaking of the same range on either side could be a trend decider. But, wait, Nifty is still strong until it holds…

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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 gap-up opening for the index in India with a 40 points gain. Sensex closed 1030 points, or 2.07 percent, higher at 50,781.69 while Nifty jumped 274 points or 1.86 percent to 14,982. BSE Midcap and Smallcap indices closed 0.77 percent and 1.08 percent higher, respectively. Markets have respected the 20DMA averages and a firm grip on them. The index now is about to reach all times…

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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 97 points gain. The BSE Sensex was up 7.09 points at 49,751.41 on February 23 while the Nifty50 gained 32.10 points to close at 14,707.80. According to pivot charts, the key support levels for the Nifty are placed at 14,621.57, followed by 14,535.33. If the index moves up, the key resistance levels to watch out…

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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 80 points gain. Sensex was down 1,145 points, or 2.25 percent at 49,744.32 on February 22 while Nifty ended 306 points, or 2.04 percent lower at 14,675.70. According to pivot charts, the key support levels for the Nifty are placed at 14,537.1, followed by 14,398.5. If the index moves up, the key resistance levels to…

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Markets action for the week

Markets action for the week

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 14 points gain. The Sensex and Nifty lost more than a percent in the week ended February 19, while BSE midcap and smallcap indices outperformed with gains of 0.63 and 1.23 percent, respectively. According to pivot charts, the key support levels for the Nifty are placed at 14,872, followed by 14,762.2. If the index moves…

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Markets action for the day

Markets action for the day

The Indian stock market is expected to open on a positive note as trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain. The S&P BSE Sensex fell 400.34 points to 51,703.83 on February 17 while the Nifty50 index declined 104.60 points to 15,208.90. According to pivot charts, the key support levels for the Nifty are placed at 15,148.37, followed by 15,087.83. If the index moves up, the key resistance levels to watch out for…

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Nifty to reach 15k mark soon

Nifty to reach 15k mark soon

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 93 points gain. The BSE Sensex rallied 2,314.84 points or 5 percent to 48,600.61 on February 1 after weakness seen in the previous six consecutive sessions, while the Nifty50 climbed 646.60 points or 4.74 percent to 14,281.20. According to pivot charts, the key support levels for the Nifty are placed at 13,849.9, followed by 13,418.6….

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Markets Action for the day

Markets Action for the day

The market is likely to remain highly volatile amid Union Budget and the ongoing earning season. The market witnessed selling pressure for six consecutive sessions, with the benchmark indices losing over a percent each in the week gone by. The BSE Sensex slipped 2,592.77 points, or 5.3 percent, to end at 46,285.77 and the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 The short term trend of Nifty continues to be weak. The negation of the upside…

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