Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Market Commentary

| More

Consolidation continues in the market, directional traders should use dips to form fresh longs: Angel Broking

Posted On: 2017-03-20 11:57:19

Daily Market Wrap Up by Mr. Sameet Chavan- Chief Analyst - Technical & Derivatives, Angel Broking.

Technical Outlook

The new trading week started on a flat note citing mixed global cues. However, it was quite surprising to see that our markets extended Friday's corrective move that we saw after hitting a new high of 9218.40 after US dollar index slipping towards the 100 mark. Due to decent stock specific profit booking, the Nifty eventually ended the session with 0.36% loss to its previous close.

At this juncture, we are just seeing traders looking to take some money off the table after enjoying this relentless up move in the recent past. There is no sign of trend reversal yet and hence, can be construed as a breather or a pull back before starting the next leg of the rally. It's difficult to make a time-wise prediction; but price-wise, we continue to expect the Nifty to head towards 9400 - 9600 (price extension of previous up move from recent low of 7893.80) over the next few weeks. Having said that, in between some consolidation or a profit booking (like we in last two days) by momentum traders cannot be ruled out. On the lower side, 9100 - 9050 levels would provide a strong support in the forthcoming week. Traders are advised to keep using such dips to create fresh longs in the market.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

No meaningful change in F&O date, wait and watch - Angel Broking
Giant stride from last SAMVAT, keep booking profits - Angel Broking Weekly Review Report
Continue with stock centric approach: Angel Broking
Economy: Yet another soft inflation print - Kotak
Weekly Market Outlook by Hemant Kanawala, Head - Equity - Kotak Life Insurance
9950 remains crucial support - Weekly Market Outlook - Arihant Capital Markets Ltd
D-street posted best weekly gains after almost 4 months : Epic Research
Economy: Inflation stays benign - Kotak
Is Investing in upcoming markets a good idea?
Call writers firmly holding their positions: Angel Broking
Index to remain in a range of 9800-10000: Angel Broking
9930 - 9880 holds a key support: Angel Broking
Strategy: GST: Key changes - Kotak
India Outlook - DBS Daily Breakfast Spread - 9 October 2017
Weekly Market Quote - Arpit Jain, AVP at Arihant Capital Markets
RBI maintains status quo due to inflation worries: Angel Broking
Index hovering around resistance, time to buy puts: Angel Broking
Views on Monetary Policy - Anita Gandhi, Whole Time Director at Arihant Capital Markets
Views on RBI Monetary Policy | Kunal Shah, CFA, Fund Manager - Debt, Kotak Mahindra Old Mutual Life Insurance Limited
Ideal time to create bearish bets: Angel Broking
RBI policy review : Epic Research
Short rollovers suggest limited upside: Angel Broking
Liquidity surplus to remain in a range this week - Kotak
Shishir Baijal, Chairman & Managing Director, Knight Frank India on RBI Monetary Policy
Weekly Market Quote - Teena Virmani, Vice President - PCG Research at Kotak Securities
Weekly Market Quote: Anita Gandhi, Whole Time Director at Arihant Capital Markets
Economy: No borrowing surprise, but risks remain - Kotak
Rollovers not in favour of optimistic traders: Angel Broking
Short term tide turned for market; use rallies to exit longs: Angel Broking
Momentum to continue, avoid longs: Angel Broking
Short term traders should avoid bottom fishing: Angel Broking
Five digit figure now to act as a sturdy hurdle: Angel Broking
Nifty to retest recent low of 9685 soon: Angel Broking
Strategy: 'Shotgun' fiscal stimulus - Kotak
India Economy: Fiscal policy: Between Scylla and Charybdis - Kotak
Put writers ran for safe haven as index plunged below five digits: Angel Broking
Indian markets correct amid concerns surrounding fiscal stimulus: Angel Broking
Investors need to be cautious with a sell on rise approach : Epic Research
Retail participants on driver's seat: Angel Broking
Move beyond 10179 - 10058 would dictate the near term direction: Angel Broking
Strategy: Race against time - By Sanjeev Prasad, Co-Head and Managing Director at Kotak Institutional Equities
Slender range for the index; but, party continues in individual stocks: Angel Broking
Real action seems outside the index: Angel Broking
Coming week current account numbers and foreign exchange reserves will be eyed: Epic Research
Economy: WPI Inflation continues the uptrend - Kotak
Momentum to continue in pharma space: Angel Broking
10138 - 10000 should be considered as a key trading zone: Angel Broking
India: Monsoon Tracker: Closer to sub-normal monsoon - Kotak
Profit booking dragged index below 10100: Angel Broking
Economy:Inflation continues to inch up - Kotak


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017