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

| More

Technical Observation - May 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Posted On: 2020-05-26 17:33:32


After showing range movement on Friday, Nifty continued to show lackluster type movement today and closed the day on a slightly negative note. A small negative candle was formed that placed beside the similar type of candle of Friday's session. This action indicates a range movement in the last three sessions, after a sharp upside bounce of 20th May.

Currently, Nifty is placed at the key overhead resistance of 9150-9180 levels in the last few sessions and we observe an emergence of intraday weakness from near the resistance. On the daily chart we notice a formation of consistent lower highs within a larger range bound movement. Currently, Nifty making an attempt to form another lower high formation above 9150 levels.

The formation of hammer type candle pattern on the weekly chart signal that any minor weakness from here could be a buying opportunity in the short term. Immediate supports to be watched at 8950. A sustainable move above 9150-9180 is likely to lift Nifty towards 9500 levels in the short span of time.


Source: Equity Bulls

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





Other Headlines:

Market takes a breather around 200-SMA: Angel Broking

Derivatives Weekly View (July 10): Consolidation expected with support at 10600... - ICICI Securities

Technical View - July 10, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 10, 2020 - Bonanza Portfolio

Technical View - July 9, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 9, 2020 - Bonanza Portfolio

Market consolidates with positive bias at 200-SMA: Angel Broking

Daily Markets - July 9, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical View - July 8, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Profit booking seen in last hour of trade: Angel Broking

Daily Markets - July 8, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 8, 2020 - Bonanza Portfolio

Financial space drives the rally, base shifts at 10689: Angel Broking

Daily Markets - July 7, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical & Derivatives Report - 7th July 2020 - Angel Broking

Technical View - July 7, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - July 6, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 6, 2020 - Bonanza Portfolio

Nifty continues its upmove, midcaps in momentum: Angel Broking

Daily Markets - July 6, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market Outlook - F&O - Amit Gupta, Head - Derivatives, ICICI direct

Market Outlook - Technical - Dharmesh Shah, Head - Technical, ICICI direct

Broader market outperformance to extend.. - Market Outlook - ICICI Securities

Daily Market Commentary - July 3, 2020 - Bonanza Portfolio

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

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

Daily Market Commentary - July 2, 2020 - Bonanza Portfolio

Indian Rupee - July 2, 2020 - Mr. Anuj Gupta (DVP-Commodities & Currencies Research, Angel Broking)

Nifty at 4-months high, base shifts at 10300: Angel Broking

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

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

Financial space takes a lead, Nifty reclaims 10400: Angel Broking

Daily Market Commentary - July 1, 2020 - Bonanza Portfolio

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

Daily Market Commentary - June 26, 2020 - Bonanza Portfolio

Technical View - June 26, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market Outlook - F&O - June 26, 2020 - ICICI Securities

Market Outlook - Technical - June 26, 2020 - ICICI Securities

Stock specific activity to remain in focus amid consolidation in benchmark indices... - ICICI Securities

Bulls defended the territory, better to take one step at a time: Angel Broking

Daily Markets - June 25, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - June 25, 2020 - Bonanza Portfolio

Technical View - June 25, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

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

Daily Market Commentary - June 22, 2020 - Bonanza Portfolio

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

Broader markets witness buying momentum: Angel Broking

Daily Market Commentary - June 19, 2020 - Bonanza Portfolio

Technical View - June 19, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - June 18, 2020 - Bonanza Portfolio







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

disclaimer copyright © 2005 - 2019