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

| More

Market Commentary - February 4, 2020 - BONANZA PORTFOLIO LTD

Posted On: 2020-02-04 17:20:56

Mr Vishal Wagh, Research Head, BONANZA PORTFOLIO LTD

"Nifty formed an exhaustion gap and sustained it throughout the day. It seems bears are trapped now. The losses of the budget day have been covered by the market. Sharp fall in India VIX by 9% is indicating that the current rally has further legs on the upside. A major contribution has been seen from Nifty Realty, Nifty Bank, Nifty Financial Services, and Nifty Metal. Whereas, Nifty Media has failed to contribute anything and closed flattish. The top five gainers in Nifty50 are Titan, IOC, Infratel, Bajaj Financial Services, and Hindalco. Whereas, Zee Limited, Yes Bank, Bajaj Auto, Eicher Motor and Hindistan Unilever drag the Nifty. Paint and oil marketing company stocks like Asian Paints, Berger Paint, BPCL, HPCL, and, IOC has gained momentum on the back of a sharp fall in crude oil. Stocks like Titan and Honeywell Automation gained due to strong results. Bajaj Twins - Bajaj Finance and Bajaj Financial Services have bounced back post sharp correction on budget day. Going forward, Bulls may take charge and cover the lost ground in the process, V shape recovery cannot be ignored. The level of 11,780 will work as a major support zone."


Source: Equity Bulls

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





Other Headlines:

Daily Market Commentary - 20th February 2020 - BONANZA PORTFOLIO LTD

Next week bull trend will resume for fresh all-time high - TradingBells

Recovery results into Island reversal pattern, expect rally to extend: Angel Broking

Index enters consolidation phase, 11990 key supports: Angel Broking

Daily market commentary - February 17, 2020 - Bonanza Portfolio Ltd

Daily market commentary - 27th January 2020 - BONANZA PORTFOLIO LTD

Technical & Derivatives Report 27th January 2020: Angel Broking

Daily market commentary - 24th January 2020 - BONANZA PORTFOLIO LTD

Daily market commentary - 23rd January 2020 - BONANZA PORTFOLIO LTD

Daily market commentary - 21st January 2020 - BONANZA PORTFOLIO LTD

Some reality check at record highs, but the broader trend still remains up: Angel Broking

Index remains choppy but midcaps continue its stellar run: Angel Broking

Daily market commentary - 15th January 2020 - BONANZA PORTFOLIO LTD

Market regains strength after early hiccup, midcaps continue to outshine: Angel Broking

Market trim losses post gap down opening: Angel Broking

Daily market commentary by - January 7, 2020 - BONANZA PORTFOLIO LTD

Market corrects sharply amidst global tensions: Angel Broking

Daily market commentary - 31st December 2019 - BONANZA PORTFOLIO LTD

Mid & small cap offers attractive risk-reward trade-off for 2020

Daily market commentary - 30th December 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 27th December 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 26th December 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 24th December 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 23rd December 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 20th December 2019 - BONANZA PORTFOLIO LTD

Daily market commentary - 19th December 2019 - BONANZA PORTFOLIO LTD

Santa rally continues for the bulls: Angel Broking

Nifty breaks out to new all-time record close of 12221.65

Daily market commentary - 18th December 2019 - Mr Jitendra Upadhyay, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 17th December 2019 - Mr Jitendra Upadhyay, Fundamental Analyst, BONANZA PORTFOLIO LTD

New record highs for the index, broader markets rally: Angel Broking

Merely a breather before fresh highs: Angel Broking

Last hour rally brings some relief for traders: Angel Broking

12010 - 11930 becomes a sacrosanct support zone: Angel Broking

Suman Chowdhury, President - Ratings at Acuité Ratings and Research on Q2 FY20 GDP

FIIs 'Long Short Ratio' surged to 61%: Angel Broking

Daily market commentary - 29th November 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Daily market commentary - 28th November 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

Index at new highs, stocks witnesses buying interest: Angel Broking

Market Wrap - Mr. Santosh Meena, Senior Analyst, TradingBells

Index is all set for new highs: Angel Broking

Index eyeing record highs now, Pharma seems to be the flavor now: Angel Broking

12000 or beyond not too far now: Angel Broking

Index consolidating but 'Pharma' continues to buzz: Angel Broking

No signs of trend reversal, avoid taking any contra bets: Angel Broking

Daily market commentary - November 1, 2019 - BONANZA PORTFOLIO LTD

Indecision continues but no worry as banking on the cusp of a breakout: Angel Broking

Some indecision or a profit booking, still no reason to worry for: Angel Broking

March towards 12k continues, PSU stocks are on a roll: Angel Broking

Daily market commentary - 30th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD







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

disclaimer copyright © 2005 - 2019