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

| More

Markets falls due to selling in Banking stocks: Angel Broking

Posted On: 2020-03-30 17:48:38


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

"In line with the negative global cues, the SGX Nifty hinted at a gap down opening for our markets and hence, we started the week on a negative note below 8400. The index tried to recover from the lows in the initial couple of hours, but it witnessed selling pressure around the 8600 mark and then remained under pressure for rest of the day to conclude with a cut of more than four percent.

During last week, we had seen a pullback move in Nifty from the lower levels of around 7500 to surpass the 9000 mark on Friday. However, the global peers again witnessed some selling pressure as there was not much relief with regards to the COVID-19 cases across the globe. As mentioned in our earlier reports, the markets are now not reacting to any other news as everyone is now more concerned about the developments with regards to this disease which has a significant impact on the human life and the economies as well. Hence, our markets are likely to continue to trade with higher volatility in the near term. The Banking and the Financial services stocks were the most under-performing names in today's session due to which the Bank Nifty index corrected by more than 6 percent.

Technically, 8100-8000 is the important support zone to watch out for the near term. If the index breaches the mentioned support zone then we could see a continuation of the downtrend in the broader markets. On the flipside, 8600 and 8850 will now be be the immediate resistances on pullback moves. During such volatile times, traders are advised to avoid trading aggressively and trade with a proper risk management and an exit strategy."


Source: Equity Bulls

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





Other Headlines:

Derivative Insights - June 3, 2020 - Geojit

FX Monitor - June 3, 2020 - Geojit

The rally continues, financial stocks outperform: Angel Broking

Technical View - June 2, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 2, 2020 - Bonanza Portfolio

Markets Daily - June 2, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Derivative Insights - June 2, 2020 - Geojit

FX Monitor - June 2, 2020 - Geojit

Grand opening of a new month, 10000 in sight now: Angel Broking

Technical View - June 1, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market COmmentary - June 1, 2020 - Bonanza Portfolio

Daily Markets Update - June 1, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Mid-Market Review - India Stock Markets - Angel Broking

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







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

disclaimer copyright © 2005 - 2019