Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Market Commentary

| More

Some jitters as we move above 11500: Angel Broking

Posted On: 2019-03-27 22:15:44


Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"Yesterday's smart rally was followed by a decent bump up at the opening today. Throughout the first half, index consolidated well above the 11500 mark; however, post the midsession, there was sudden nosedive seen across the board. The selling pressure was so intense; a valiant attempt to reclaim 11500 got sold into. Eventually, a volatile day ahead of the derivatives expiry ended with a cut of three tenths of a percent.

In the initial trade, our benchmark index along with the Bank Nifty was all set to have similar kind of session as we witnessed on Tuesday. But, market is always superior and hence, the moment most of the traders became gung ho of the trend, it showed its supremacy. Now, as far as direction is concerned, there is still no reason to worry for. We continue with our optimistic stance and sooner or later, expect the index to head towards its record high. For the coming session, 11500 followed by 11546 has become a sturdy wall now and on the flipside, we do not expect the Nifty to breach and sustain below the sacrosanct level of 11400. The pragmatic approach for the expiry day would be to keep a close eye on above mentioned levels and one should keep following stock specific moves.

Today, in the initial hour, bank nifty as well as midcap index were on a roll; but we saw this exuberance getting fizzled out in the latter half. Nevertheless, the undertone still remains bullish and we expect the outperformance to continue from both these pockets in days to come."


Source: Equity Bulls

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





Other Headlines:

Technical View - July 9, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 9, 2020 - Bonanza Portfolio

Market consolidates with positive bias at 200-SMA: Angel Broking

Daily Markets - July 9, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical View - July 8, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Profit booking seen in last hour of trade: Angel Broking

Daily Markets - July 8, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 8, 2020 - Bonanza Portfolio

Financial space drives the rally, base shifts at 10689: Angel Broking

Daily Markets - July 7, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical & Derivatives Report - 7th July 2020 - Angel Broking

Technical View - July 7, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - July 6, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 6, 2020 - Bonanza Portfolio

Nifty continues its upmove, midcaps in momentum: Angel Broking

Daily Markets - July 6, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market Outlook - F&O - Amit Gupta, Head - Derivatives, ICICI direct

Market Outlook - Technical - Dharmesh Shah, Head - Technical, ICICI direct

Broader market outperformance to extend.. - Market Outlook - ICICI Securities

Daily Market Commentary - July 3, 2020 - Bonanza Portfolio

Technical View - July 3, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 2, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 2, 2020 - Bonanza Portfolio

Indian Rupee - July 2, 2020 - Mr. Anuj Gupta (DVP-Commodities & Currencies Research, Angel Broking)

Nifty at 4-months high, base shifts at 10300: Angel Broking

Technical View - July 2, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Markets Daily - July 1, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Financial space takes a lead, Nifty reclaims 10400: Angel Broking

Daily Market Commentary - July 1, 2020 - Bonanza Portfolio

Technical View - July 1, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 26, 2020 - Bonanza Portfolio

Technical View - June 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market Outlook - F&O - June 26, 2020 - ICICI Securities

Market Outlook - Technical - June 26, 2020 - ICICI Securities

Stock specific activity to remain in focus amid consolidation in benchmark indices... - ICICI Securities

Bulls defended the territory, better to take one step at a time: Angel Broking

Daily Markets - June 25, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - June 25, 2020 - Bonanza Portfolio

Technical View - June 25, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - June 22, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - June 22, 2020 - Bonanza Portfolio

Technical View - June 22, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Broader markets witness buying momentum: Angel Broking

Daily Market Commentary - June 19, 2020 - Bonanza Portfolio

Technical View - June 19, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 18, 2020 - Bonanza Portfolio

Daily Markets - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Nifty reclaims 10000 with some authority: Angel Broking

Call writers compelled to unwind positions on expiry day: Angel Broking

Geopolitical concerns keeps market on toes: Angel Broking







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

disclaimer copyright © 2005 - 2019