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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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 119-point gain. The Sensex closed 536 points, or 1.13 percent, lower at 46,874.36 on January 28 and the Nifty settled 150 points, or 1.07 percent, down at 13,817.55. According to pivot charts, the key support level for the Nifty is placed at 13,721.07, followed by 13,624.63. If the index moves up, the key resistance levels…

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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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Markets at an all-time high, are you trading?

Markets at an all-time high, are you trading?

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 43 points gain. The BSE Sensex was up 529.36 points at 46,973.54 on December 24 while the Nifty50 jumped 148.20 points to 13,749.30. According to pivot charts, the key support levels for the Nifty are placed at 13,660.13, followed by 13,571.07. If the index moves up, the key resistance levels to watch out for are 13,805.03…

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Markets Action for the day

Markets Action for the day

The Indian stock market is expected to open slightly in the red as per the SGX Nifty indication Benchmark indices ended at record closing high backed by buying across sectors. The BSE Sensex rose 446.90 points or 1 percent to 45,079.55 on December 4 while the Nifty50 jumped 124.60 points or 0.95 percent to 13,258.50. According to pivot charts, the key support levels for the Nifty is placed at 13,180.87, followed by 13,103.23. If the index moves up, the key resistance…

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