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

| More

Technical & Derivatives Report 25th July 2019: Angel Broking

Posted On: 2019-07-25 11:16:21

Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"It seems that our markets are not even interested looking at what global markets are doing. While US bourses hitting record highs every day, our market still looks dejected and yesterday too, we had a massive cut in the first half after breaching the 11300 mark. Fortunately, the fall got arrested at a kissing distance from 11200 and thereafter, we kept oscillating with volatile swings throughout the remaining part of the day. Eventually, the Nifty concluded with over half a percent cut.

In last three-four days the selloff intensified in our markets and this time, market is not willing to spare the stable names as well. Since last couple of days, 11300 has been acting as a sheet anchor and hence, yesterday we saw complete nosedive after breaching this key support in the initial hour. Fortunately, Nifty and Bank Nifty saw some mild recovery in the latter half; but the midcap index continued to grind lower and is now trading at nine-month low. As far as levels for our benchmark is concerned, 11200 - 11108 would be seen as immediate levels in the downward direction and on the flipside, 11300 followed by 11360 would now be seen as immediate hurdles.

We are now stepping into a July series expiry session and hence, we may see some volatile swings on both sides. At present, traders are advised to stay light and should avoid taking undue risks."


Source: Equity Bulls

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





Other Headlines:

Technical & Derivatives Report 19th September 2019: Angel Broking

Technical & Derivatives Report 18th September 2019: Angel Broking

Indices confirms a reversal, buying opportunity in midcaps: Angel Broking

Technical & Derivatives Report 9th September 2019: Angel Broking

Market overview after FM announcment - TradingBells

Nifty retraces some of the recent gains, seems a good buying opportunity: Angel Broking

V-shaped recovery in three sessions, Nifty gains 500 points from recent low: Angel Broking

Nifty off 400 points from lows before anyone could realize it, expect further recovery: Angel Broking

All the things playing out on a Monday morning - Mr Mustafa Nadeem, CEO, Epic Research

Technical & Derivatives Report 26th August 2019: Angel Broking

Technical & Derivatives Report 23rd August 2019: Angel Broking

Selling reemerged at higher levels, still remain hopeful: Angel Broking

Technical & Derivatives Report 19th August 2019: Angel Broking

RBI nudges for growth - Acuité Ratings and Research

Market is waiting for government to provide some relief for FPI surcharge and stimulus for auto sectors - CapitalAim

3rd Bi-Monthly MPC Statement - Suman Chowdhury, President-ratings at Acuité Ratings and Research

View on RBI's monetary policy announcement - Mani Rangarajan

Post RBI Policy Reaction from Mr. Romesh Tiwari of CapitalAim

Nifty close above previous high after thirteen sessions: Angel Broking

Some recovery after testing sub-10800 levels, avoid fresh shorts: Angel Broking

Next Week Pharma, FMCG and Steel Sectors will be on Focus: CapitalAim

Sharp intraday correction in Nifty, but manages to close in the support range: Angel Broking

Midcaps show signs of some pullback: Angel Broking

Nifty at 200 DMA; 11108-11140 key support range: Angel Broking

This is a time for caution rather than being aggressive: Mr Mustafa Nadeem, CEO, Epic Research

Next week, the stocks of the pharma sector could show positive moves: CapitalAim

Rollover Report for July-August 2019: Angel Broking

Low Rollovers for the July series: Angel Broking

Still no respite, July series ends at two-month low: Angel Broking

FII has been largely negative post unfriendly budget - Mr Mustafa Nadeem, CEO, Epic Research

11300 - A make or break level in the near term: Angel Broking

Nifty above its crucial long term support of 200 days EMA: Mr Mustafa Nadeem, CEO, Epic Research

Marquee names succumbed to the selloff, 11300 becomes a key support now: Angel Broking

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

Options data hints scope of further upside: Angel Broking

Nifty surpasses the hurdle of 11640; buying seen in last hour of the trade: Angel Broking

IT comes to the rescue, broader markets under pressure: Angel Broking

Q1 result will drive the market in coming week : CapitalAim

Some respite on global cues, Auto and Metal stocks on a roll: Angel Broking

Boredom ahead of the event, all eyes on Finance Minister: Angel Broking

The volatility index tanks 4% ahead Union Budget: Angel Broking

Nifty reclaims 11900, focus shifts on the broader market: Angel Broking

Some respite on the global front, promising signs ahead of the budget: Angel Broking

Stronger hands reluctant rolling-over shorts: Angel Broking

Budget will shape the future trend of Equity Market :Epic Research

11750-11800 to act as a supply zone: Angel Broking

Finally some relief in the broader markets: Angel Broking

Finally Nifty surpassed 11850; courtesy to Banking and Metals space: Angel Broking

Once again Nifty rallies from 11650, expect upmove towards 12000: Angel Broking

OTM call writers covered their positions: Angel Broking







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

disclaimer copyright © 2005 - 2019