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

| More

Index enters consolidation phase, 11990 key supports: Angel Broking

Posted On: 2020-02-17 17:10:46

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

"On the back of muted global cues, our markets started trading for the week on a flat note. However, we witnessed a gradual correction during the day and Nifty ended the day with a loss of over half a percent.

Post the recent sharp recovery, our market seems to be undergoing a consolidation wherein the index has formed a support around the 12000 mark whereas 12200-12250 has been a resistance. As of now, it seems that the index would trade within this range in the near term and only a breakout beyond the same could then lead to a directional move. In last three sessions, we have already seen some correction and the index is now closer to the lower end of the mentioned range. Hence, we may again see some pullback move from the support which is placed at 11990.Traders are advised to adopt a strategy to buy near the support end and exit longs near the resistance zone.

From the broader markets, stocks which are witnessing price up move with higher volumes than their respective average are providing decent outperformance and short-term traders should look to trade in stocks with such set-ups for decent short term returns."


Source: Equity Bulls

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





Other Headlines:

Shorts in financials leads to underperformance: Angel Broking

Relief rally fizzles out, pharma becomes the safe haven space: Angel Broking

Angel Broking on RBI Announcement : RBI reducing Market timings

Daily Market Commentary - April 3, 2020 - Bonanza Portfolio

Technical Observation - April 1, 2020 - HDFC securities

Daily Market Commentary - April 1, 2020 - Bonanza Portfolio

Defensive sector stocks witness buying interest: Angel Broking

Daily market commentary - March 31, 2020 - Bonanza Portfolio

Markets falls due to selling in Banking stocks: Angel Broking

Daily market commentary - March 30, 2020 - Bonanza Portfolio

Technical Observation - March 30, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Some respite after recent turmoil, 8000 becomes key support: Angel Broking

Rollover Report for March-April 2020 - Angel Broking

Daily market commentary - 27th March 2020 - Bonanza Portfolio

Relief move extends for the third day: Angel Broking

Technical Observation - March 26, 2020 Nagaraj Shetti - Technical Analyst, HDFC securities

Daily market commentary - 26th March 2020 - Bonanza Portfolio

Some relief after recent pain, still avoid aggressive bets: Angel Broking

Daily market commentary - March 25, 2020 - Bonanza Portfolio

Some relief in global markets, 8000 to watch out in Nifty: Angel Broking

Daily market commentary - March 24, 2020 - Bonanza Portfolio

Technical Observation - March 24, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Daily Market Wrap Up - 23rd March 2020 - Angel Broking

Daily market commentary - March 23, 2020 - Bonanza Portfolio

Technical Observation - March 23, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Some recovery from demonetisation lows: Angel Broking

Daily market commentary - March 20, 2020 - Bonanza Portfolio

Technical Observation - March 20, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Daily market commentary - March 19, 2020 - Bonanza Portfolio

Technical Observation - March 19, 2020 - Nagaraj Shetti, Technical Analyst at HDFC Securities

Market has taught everyone, we should never underestimate the 'Uncertainty': Angel Broking

Technical Observation - March 18, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Daily market commentary - March 18, 2020 - Bonanza Portfolio Ltd

Daily Market Commentary - March 17, 2020 - Bonanza Portfolio

Technical Observation - March 17, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Comments on RBI announcement - Suman Chowdhury, President - Ratings at Acuité Ratings & Research

Technical Observation - March 16, 2020 - Nagaraj Shetti - Technical Analyst, HDFC securities

Expectation from RBI Governor Press Conference today - Acuité Ratings & Research

Daily market commentary - March 13, 2020 - Bonanza Portfolio

CPI & IIP - Karan Mehrishi, Lead Economist at Acuité Ratings & Research Limited

View on IIP and CPI data by Upasna Bhardwaj, Economist, Kotak Mahindra Bank

Market Wrap - Wednesday, 11th March 2020 - Angel Broking

Daily market commentary - March 11, 2020 - Bonanza Portfolio

Technical Observation - March 11, 2020 - Nagaraj Shetti, Technical Analyst, HDFC secuities

Daily market commentary - 09th March 2020 - Bonanza Portfolio Ltd

Reaction from Mr. Aamar Deo Singh, Head Advisory, Angel Broking Ltd on today's market move

Decline in Global Oil Prices - Suman Chowdhury, President Ratings - Acuité Ratings & Research Limited

Markets so far today - March 6, 2020 - Deepak Jasani - Head Retail Research, HDFC Securities

Global uncertainty continues, we are back to crucial level of 11000: Angel Broking

Daily market commentary - March 6, 2020 - Bonanza Portfolio







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

disclaimer copyright © 2005 - 2019