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

| More

Finally some relief in the broader markets: Angel Broking

Posted On: 2019-06-27 10:51:56


Market Wrap-up by Mr. Ruchit Jain (Equity Technical Analyst, Angel Broking):

"Similar to the previous session, the index opened marginally negative today and the opening weakness was seen as a buying opportunity by market participants. The indices rallied higher from the opening ticks and traded with a positive bias throughout the session to end around the 11850 mark.

In yesterday's session, the Nifty index had given a breakout above a 'Falling Channel' on the lower time frame (hourly) chart and in line with the expectations, the index showed a follow up and rallied higher today to surpass the recent swing high of 11843.50. As highlighted yesterday, the index seem to have resumed its higher degree uptrend post forming a support base around the recent low of 11650-11630 and a broad market participation in last couple of sessions provides credence to the same. Going ahead, we expect the momentum to continue upto the 12000 mark and then towards new highs as well. Hence, traders are advised to continue to trade with a positive bias from a near-term perspective.

Stocks from the 'Banking' and 'Midcaps' space witnessed good momentum and have shown outperformance in last couple of sessions. Along with it, the stocks from the metal space were in limelight today as the 'Nifty Metal' index has given a breakout from consolidation phase. We expect the stocks from this sector to participate in the upmove and provide decent returns going ahead."


Source: Equity Bulls

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





Other Headlines:

Nifty resumes momentum led by heavyweights: Angel Broking

Daily Markets - August 4, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - August 4, 2020 - Bonanza Portfolio

Technical View - August 4, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - August 3, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Banking drag indices lower at start of the week: Angel Broking

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

Derivatives Strategy - Sell Bank Nifty 6 August 20600 Put at Rs. 115-135 - ICICI Securities

Nifty snaps six-week winning streak, still 11000 defended successfully: Angel Broking

Rollover Report for July - Aug 2020 - Angel Broking

Daily Market Commentary - July 31, 2020 - Bonanza Portfolio

Technical View - July 31, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 29, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market wobbles at 4-month high, Reliance sees profit booking: Angel Broking

Daily Market Commentary - July 29, 2020 - Bonanza Portfolio

Technical View - July 29, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 28, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Nifty reclaims 11300 after four months: Angel Broking

Daily Market Commentary - July 28, 2020 - Bonanza Portfolio

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

Daily Market Commentary - July 27, 2020 - Bonanza Portfolio

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

Harmony missing between key tradable indices: Angel Broking

Technical View - July 27, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 24, 2020 - Bonanza Portfolio

Technical View - July 24, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Derivatives Weekly View - July 24, 2020 - Nifty to target 11400 with support at 11050

Market Outlook - Technical - July 24, 2020 - Dharmesh Shah, Head - Technical, ICICI direct

Market outlook - Broader market to outperform the benchmark - ICICI Securities

Nifty ends higher despite some intra-week reality checks: Angel Broking

Banking space to dictate the direction: Angel Broking

Daily Markets - July 23, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical View - July 23, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 23, 2020 - Bonanza Portfolio

Nifty approaches its crucial hurdle: Angel Broking

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

Daily Market Commentary - July 22, 2020 - Bonanza Portfolio

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

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

Daily Market Commentary - July 21, 2020 - Bonanza Portfolio

Technical View - July 21, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

11000 taken out, IT and Financials lead: Angel Broking

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

Daily Market Commentary - July 20, 2020 - Bonanza Portfolio

Technical View - July 20, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market for next week: Positive momentum to continue, Nifty eyeing 11400 - ICICI Secruities

Derivatives Weekly View (July 17): Nifty to target 11200 with support at 10750... - ICICI Securities

11000 merely a formality, stay upbeat and keep booking timely profits: Angel Broking

Weekly expiry ends higher above 10700: Angel Broking

Daily Markets - July 16, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities







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

disclaimer copyright © 2005 - 2019