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

| More

10733 becomes the sacrosanct level now: Angel Broking

Posted On: 2019-01-09 17:45:05

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

"Our markets kicked off with a decent upside gap as the global set up was just ideal for such kind of head start. Subsequently, index consolidated for a while by maintaining overall upward bias. However, post the midsession, index abruptly took a nosedive and gave away nearly 100 points before anyone could realize. Fortunately for us, this pessimism didn't last long as we saw strong buying emerging at lower levels. As a result, we had a v-shaped recovery in last one hour of trade to eventually conclude almost at the highest point of the day.

Today's price action was quite interesting as we saw wild swings on both sides. The volatility has risen and this is what we have been vocal about since last couple of days. The closing point is almost near to the opening point, but the kind of recovery we had, it certainly bodes well for the bulls. We have been talking about the 'Triangle' pattern and we are now on the verge of breaking out in the upward direction. For the coming session, a move beyond 10870 would unfold the rally towards 10940 and beyond levels. On the flipside, 10733 has proved its significance and now has become a sacrosanct level for the market.

The banking pack is clearly on a roll since few days and the way it's shaped up, we would expect this heavyweight pocket to continue its dominance."


Source: Equity Bulls

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





Other Headlines:

Market will closely watch supervision and management commentary on Q3 result: Epic Research

Some intraday volatility in the market but we are back in the safe zone: Angel Broking

ATM puts attracting decent shorts: Angel Broking

Stronger hands forming mixed positions: Angel Broking

Market awaits for WPI numbers and Trade Deficit number for next week: Epic Research

No meaningful change in F&O data: Angel Broking

Lackluster session after yesterday's wild swings: Angel Broking

Banking came for a rescue, increases hope of an upside breakout: Angel Broking

Market View by Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund - January 08, 2019

Index sees profit booking, expect volatility to increase soon: Angel Broking

Market View by Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund - January 07, 2019

Put writers continued adding fresh positions: Angel Broking

I hate losing > than I love winning

GST meet scheduled next week will give direction to the market: Epic Research

Markets at make or break levels: Angel Broking

Once again global concerns spooked market participants: Angel Broking

Head start for the new calendar year: Angel Broking

Derivatives data suggest a higher rollover leading to increased buying in coming days: Epic Research

Stellar recovery despite turbulence in the US markets: Angel Broking

Market remain cautious for a short-term perspective - Epic Research

Nifty Outlook and top stocks for 2019 : Epic Research

Sheer outperformance as compared to the global peers: Angel Broking

Increase in manufacturing production and a drop in WPI fuel inflation helped improve the market sentiments : Epic Research

State elections will certainly provide directional view to market volatility : Epic Research

RBI Monetary Policy - Comments by Karan Mehrishi, Lead Economist at Acuité Ratings and Research

10747 becomes the crucial support now: Angel Broking

RBI keeps repo rate unchanged at 6.50% for second time in a row

Comment on post RBI MPC meet - Mr. Mustafa Nadeem, CEO, Epic Research

Market View - December 04, 2018

Index consolidating in the absence of a trigger: Angel Broking

Highest single series gains after March 2016: Angel Broking

Market at a corridor of uncertainty: Angel Broking

10600 becomes a strong support for the current series: Angel Broking

Banking was the charioteer of the spectacular rally: Angel Broking

Market will look for GDP data at the end of month along with expiry : Epic Research

Nifty in a No Trade Zone of 10600 - 10800: Angel Broking

Market at crucial juncture, 10800 - 10850 to watch out for: Angel Broking

NRI deposits highest since FY14 - Acuité Ratings

Seems a breather due to underperformance of few heavyweights: Angel Broking

Market will crucially watch for Manufacturing PMI, Infrastructure output's numbers & ICICI bank's result : Epic Research

All eyes on 10200 now:Angel Broking

Market Strategies for Tuesday, October 16, 2018 from Share India Securities Ltd

Quarterly number of crucial companies may have a larger impact on specific factors : Epic Research

It's a bear momentum - Market crash - Epic Research

Thursday morning wiped off Rs 4 lakh crore of investor wealth within 5 minutes

Expect further bounce back in midcap universe: Angel Broking

No respect for 200 day SMA as well: Angel Broking

SBI Ecowrap - Excise cut most welcome, states are already cutting in tandem: Short term steps by RBI now a must for currency market stability

RBI's Policy decision will be crucial for coming week market : Epic Research

Expectation from RBI Monetary Policy - Karan Mehrishi, Lead Economist at Acuité Ratings and Research







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

disclaimer copyright © 2005 - 2019