Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Market Commentary

| More

Metal, Power, Telecom may see some profit booking and weakness in March series: Epic Research

Posted On: 2019-03-02 12:01:47

Mr. Mustafa Nadeem, CEO, Epic Research

Nifty sustains the positive momentum for the second week, being in the same range for the 12th week, a 3-month consolidation. Nifty saw a rebound last week as multiple positive cues from global markets, technical factors, confluence levels, and positive domestic cues helped bulls to take advantage of lower levels. This is the smallest range for Nifty in the last 7 weeks.

This week it was a smaller range as Nifty was within a short range of 200 odd points as traders were sidelined on the back of heightened geopolitical tensions. The Nifty bank and other heavyweight sectors were seen muted this week with a clear indication that there is not any trend that is underway or seen emerging.

Technically, we have seen writers taking advantage of this sideways range and writing just ahead of expiry to eat the premium. With Volatility being higher as compared to the previous week we do believe it was a rush towards the right side of the table to buy more Puts.

The global cues were largely positive as global equity markets were at higher levels and were trading positive while crude also was seen hovering around $56 mark. The statement from Trump on crude oil being too expensive above $55 was very much discounted positively. Crude is one of the major factors that will be watched amid lower inflation and a neutral RBI policy stand.

The derivative data suggest higher rollover for Nifty bank which may see some trending period while on the flipside Nifty was having lower rollover as compared to its previous 6-month average. This certainly needs to be watched crucially. Metal, Power, Telecom may see some profit booking and weakness in March series while Alcohol, Banking and Finance, and Aviation have seen much better rollovers. GDP data was much lower at 6.6% while RBI has pegged it at 7.4% in 2018- 2019.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Some breather before heading towards record highs: Angel Broking

Market will watch closely FII's and DII's data - Debabrata Bhattacharjee, CapitalAim

Index futures appears long heavy: Angel Broking

Global cues have been positive as DJIA and other European indices were trading positively: Epic Research

A Colourful Bank Nifty this Holi: Angel Broking

Long Short Ratio surged to 63% from 50%: Angel Broking

Market looks a bit tired but the undertone still remains bullish: Angel Broking

Rising IndiaVix hints it's time for some profit booking: Angel Broking

Equity markets sentiment remains bullish : Epic Research

Brexit issues and OPEC's supply cut are likely to hit the domestic market - CapitalAim

Bank Nifty at all-time high: Angel Broking

Low hanging fruit is gone now, be very selective in stocks: Angel Broking

Midcaps reinforce pre-election rally: Angel Broking

Nifty at 11300; courtesy to Bank Nifty which clocks record high: Angel Broking

Coming week market will watch CPI, WPI data - Debabrata Bhattacharjee, Head of Research - CapitalAim

Fundamentals, Economic data, and Domestic Cues will play a major role in coming week market: Epic Research

Nifty set to head higher after two days of consolidation: Angel Broking

Some consolidation on the weekly expiry day: Angel Broking

Geopolitical tensions eased off, market gives a Thumbs up: Angel Broking

Index consolidated but PSBs and midcap Pharma had blown up moves: Angel Broking

Scattered options data hints rise in volatility: Angel Broking

Nifty benchmark is looking in a range bound coming week : CapitalAim

The GST meet, GDP numbers and other imp. numbers will drive the coming week market: Epic Research

Some respite in the market, Metals and midcaps poised for extended moves: Angel Broking

Nifty reclaimed 10800 amid broader market participation: Angel Broking

Nifty formed a sizable bear candle on the daily chart - CapitalAim

Market continue to look depressed, 10583 a crucial support: Angel Broking

Crude oil, USD INR and global markets will drive the coming week market: Epic Research

Next week Market will look forward for trade deal between China & US - CapitalAim

Comments on monetary policy - Mr. Tushar Jain, MD & Founder, High Spirit Commercial Ventures Pvt. Ltd

Comments on monetary policy - Mr. Sanjay D. Palve, CEO, Religare Finvest Ltd. And MD, Religare Housing Development Finance Corporation Ltd.

Comments on monetary policy - JHS Svendgaard Laboratories - Mr Nikhil Nada - MD

Reaction on Monetary Policy - Mr. Amar Ambani, President & Head of Research, YES Securities

Views of Mr. Umesh Revankar, MD and CEO - Shriram Transport Finance Ltd on Monetary Policy

Comments on monetary policy - Solar Industries - Mr Nilesh Panpaliya, CFO, Solar Industries India Limited

Comments on monetary policy - MIRC ELECTORNICS - ONIDA - Vijay Mansukhani - MD

Views of Mr. George Alexander Muthoot, MD - Muthoot Finance Limited on Monetary Policy

Large no. of data coming next week will play major role in driving the markets: Epic Research

RBI gives a dovish boost ahead of elections: Angel Broking

Finally 11000 conquered, now 11400 in sight: Angel Broking

Finally Nifty beyond 11000: Angel Broking

Only handful of heavyweights held Nifty higher: Angel Broking

Banking became the charioteer in today's late upsurge: Angel Broking

Action packed day ended with some hope of revival: Angel Broking

Stronger hands rolled-over positive bets in Stock Futures: Angel Broking

Traders preferred exiting their shorts ahead of budget: Angel Broking

Stocks rallied as if there is no tomorrow ahead of the budget: Angel Broking

10600 becomes the sacrosanct level: Angel Broking

Yet another day of sell off before heading to the Union Budget: Angel Broking

Terrible day of trade, courtesy Zee and Maruti: Angel Broking

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

disclaimer copyright © 2005 - 2019