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

| More

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

Posted On: 2019-03-28 17:39:37


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

"The expiry day clearly belongs to the might bulls after yesterday's mild hiccup. Today morning, despite SGX Nifty indicating a sluggish start, we managed to kick off marginally higher and then accelerated as the day progressed. It was very much unlike normal expiry day as there was no volatility seen neither in the first half nor towards the fag end. In fact, we had a good steady trended day to register highest closing in last six months.

After November, this was the first series to clock such colossal rally. Nifty concluded with whopping gains of 7.20%; whereas for Bank Nifty, it turned out be the historical one. The banking index witnessed a gigantic bump up of over 13%, leading to fresh record highs. With continuation of recent articles, we remain upbeat on the market and expect new highs soon for our benchmark Nifty as well. For the coming session, 11603 would be seen as immediate hurdle but the kind of price development we are seeing; it would be eventually surpassed to head higher in the zone of 11640 - 11700. On the flipside, 11500 followed by 11413 has now become an immediate base.

Traders are advised to remain on the positive side and do not think of going against ongoing momentum. In such markets, do not hesitate, rather use dips to participate and ride the tide. We have been vocal about the outperformance of the midcap basket of late. It is clearly on a roll and this is probably a beginning of fresh leg of the rally."


Source: Equity Bulls

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





Other Headlines:

Weekly View for Markets - Vinod Nair - Geojit

View on GDP numbers for Q4FY20 - Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank

Technical Observation - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 29, 2020 - Bonanza Portfolio

Technical View - May 28, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 28, 2020 - Bonanza Portfolio

Market Daily - May 28, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market View - May 28, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Technical Observation - May 27, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty climbs 3% with participation from broader markets: Angel Broking

Daily Market Commentary - May 27, 2020 - Bonanza Portfolio

Daily Markets Quote - May 27, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Derivative Insights - May 27, 2020 - Geojit

FX Monitor - May 27, 2020 - Geojit

Daily Markets Quote - May 26, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 26, 2020 - Bonanza Portfolio

Technical Observation - May 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Index consolidates while broader markets outperform: Angel Broking

Market View - May 26, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Daily Market Commentary - May 22, 2020 - Bonanza Portfolio

Technical Observation - May 22, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty holds 9000 despite some hiccups: Angel Broking

Nifty reclaims 9100 amid consolidation: Angel Broking

Technical Observation - May 21, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 21, 2020 - Bonanza Portfolio

Daily Markets - May 21, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

9000 reclaimed, expect further recovery: Angel Broking

Technical Observation - May 20, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 20, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 20, 2020 - Bonanza Portfolio

Derivative Insights - May 20, 2020 - Geojit

FX Monitor - May 20, 2020 - Geojit

Technical Observation - May 19, 2020 - HDFC Securities

Daily Market Wrap Up - May 19, 2020 - Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking)

Markets Daily - May 19, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - May 19, 2020 - Bonanza Portfolio

Derivative Insights - May 19, 2020 - Geojit

FX Monitor - May 19, 2020 - Geojit

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

Technical Observation - May 18, 2020 - HDFC Securities

Daily Market Commentary - May 18, 2020 - Bonanza Portfolio

Daily Market Update - May 18, 2020 - HDFC Securities

FX Monitor - May 18, 2020 - Geojit

Derivative Insights - May 18, 2020 - Geojit

Stimulus fails to excite, 9000 a key support to watch: Angel Broking

Weekly Market View - May 15, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

Technical Observation - May 15, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 15, 2020 - Bonanza Portfolio

Derivative Insights - May 15, 2020 - Geojit

FX Monitor - May 15, 2020 - Geojit







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

disclaimer copyright © 2005 - 2019