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

| More

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

Posted On: 2019-03-23 09:55:26

The benchmark index march high with the help of Bank Nifty as it is trading at all-time high mark crossing 30000 psychological marks on Friday's trading, while Nifty 50 index is just behind 180 approx. points to it's an all-time high. The Benchmark trades high Wednesday, following gains in Infosys, HDFC twins, and L&T amid uninterrupted capital flow by foreign funds.

FII's are the main driving force behind the Rally in Benchmark from February low of 10585 through 11572 on March 22. A market was closed on Thursday on account of Holi, so on the next day Index began with a gap up at 11522 hit the session's high 11572 however, after emergences of profit booking Nifty 50 Quickly get demolish and settle at around 11456.

On Fridays market, Benchmark Nifty correct almost 64.15 points or 0.55% at 11456. Nifty50 hit a new high on Friday's opening trade of 11572 from February low of 10585. A cautious approach is the best strategy to trade in Index at this juncture. One should closely watch the FII's and DII's data on a daily basis. Going ahead 11572 is the decisive level on Nifty50 and if Nifty fell below 11400 we look this as an intermediate top on Nifty.

One should listen ECB President's Dragi speaks on Wednesday. Import Export Data of US on the same day. While GDP data of Q4 on Thursday of US. We can see small correction can last for a few more days post which, market expect another rise. We could be looking at some sort of a buying climax for Indian and international markets in coming few weeks.

Stock Future recommendations :

TATAMTRDVR: SELL| Below : Rs 86.90| Target: Rs 84.70| Stop loss: Rs 89.50|

TATAMTRDVR is technically structural weak. Getting Upper channel resistance along with Moving Average resistance. Breaking the Triangle formation of two weeks.

RELCAPITAL : SELL| Below : Rs 175.50| Target: Rs 170.50| Stop loss: Rs 180.50|

RELICANCE CAPITAL is forming a double top formation and getting resistance on top of channel line. RSI on the other front is weakening from upper levels.

REPCOHOME: SELL| Below : Rs 445| Target: Rs 432| Stop loss: Rs 460|

REPCOHOME is forming Rounding top formation simultaneously getting resistance with upper channel line. On daily Chart Relative Strength got weak from upper zone.


Source: Equity Bulls

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





Other Headlines:

The VIX and elevated crude oil prices will add bullish sentiments to the market: Epic Research

Banking once again becomes the culprit, all eyes on 11549: Angel Broking

Expect 11550 is the crucial support level for Nifty: CapitalAim

Crude oil spoils the party, crucial support at 11549: Angel Broking

11500-11700 is the range for expiry week: Angel Broking

INDIA VIX at 3 year high: Angel Broking

Technical & Derivatives Report - 22nd April 2019 - Angel Broking

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

Epic Research remains bullish because of RIL results post market

Technical & Derivatives Report - 18th April 2019: Angel Broking

Nifty clocked fresh record highs, traders eyeing 12000 now: Angel Broking

Nifty finally enters uncharted territory, reaches new milestone of 11800: Angel Broking

Technical & Derivatives Report - April 16, 2019 - Angel Broking

Market still under a consolidation range - April 16, 2019 - Market Strategy - Share India Securities Ltd

Index out of small consolidation band, eyeing new highs now: Angel Broking

Index futures attracting fresh longs: Angel Broking

Q4 results, IP data will drive market in coming week : CapitalAim

Market consolidates further, still better to be with the trend: Angel Broking

Market Strategies for Friday April 12, 2019 - Share India Securities Ltd

Appreciation in Rupee and inflows from FII adding positive sentiments to the market: Epic Research

Heavyweights led to some correction, 11549 becomes a key support: Angel Broking

Banking and Auto counters lifted markets higher, optimism to extend further: Angel Broking

Call writers surrendered their arms: Angel Broking

Nifty and Sensex may test the levels of 12300 and 40700 respectively in 2019: Epic Research

Nifty bullish stance with an upside range of 11800-12200 - CapitalAim

Strong bout of profit taking, fortunately key supports defended: Angel Broking

INDIA VIX spikes over 9% to close above 20: Angel Broking

Head start for the new financial year, fresh record highs soon: Angel Broking

Forex Reserve and CPI may impact market in short term - CapitalAim

Crude oil, Currency movement, Manufacturing & Industrial numbers are most likely to drive the coming week market: Epic Research

25 Bps Repo Rate Cut Is A Growth Infusing Decision By RBI: ASSOCHAM

Market Outlook - Friday April 5,2019 - Share India Securities Ltd

The rate cut will likely to attract much liquidity for the economy: Epic Research

RBI's rate cut by 25 basis points, keeps CRR unchanged - TradingBells

RBI cuts repo rates by 25 bps as anticipated: Angel Broking

First Bi-monthly Monetary Policy Statement, 2019-20

RBI Monetary Policy Review - Acuité Ratings and Research

Extension of profit booking post the RBI monetary policy, still no reason to worry for: Angel Broking

Some reality check for traders, still trend remains bullish: Angel Broking

Market Strategy for Wednesday, April 3, 2019 - Share India Securities Ltd

Nifty just a kissing distance away from all-time highs: Angel Broking

Market report by Mr. Manish Yadav, Head of Research, CapitalAim

Despite strong profit taking, markets managed to close in the green: Angel Broking

RBI's monetary policy and Auto sales numbers will drive market - CapitalAim

Highest closing in last six months, expiry in favor of mighty bulls: Angel Broking

Rollovers above 3-month average: Angel Broking

BankNifty defends 30000 amidst higher volatility ahead of expiry: Angel Broking

Some jitters as we move above 11500: Angel Broking

Market recoups losses; courtesy to banking and midcap baskets: Angel Broking

BankNifty gains 600 points in a single session: Angel Broking







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

disclaimer copyright © 2005 - 2019