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

| More

Geopolitical concerns haunts street, but manages to recover: Angel Broking

Posted On: 2020-06-16 19:55:17


Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"When we closed yesterday, DOW future was trading deeply in red and there was complete turnaround seen overnight. US markets saw v-shaped recovery to close well inside the positive territory and today morning too they started with a bang. Undoubtedly we had to follow these cues and as a result, we started with a good bump up at the opening beyond the 10000 mark. Post this, market consolidated and looked a bit uncomfortable at higher levels.

Finally at the midst of the day, we got to know why markets were struggling. They probably had some hints about what happened at INDIA-CHINA border last night. The moment the news was out of 'Face-off', our markets took a nosedive and within no time, we were considerably off highs. As we all know, market never accept such geopolitical uncertainty. Fortunately, after the initial knee jerk reaction, market stabilised and then gave a steady recovery to conclude the day tad above 9900.

At the opening, things were very much in line with our expectations, as we had mentioned about the cluster of supports for DOW JONES and DAX, while they were falling yesterday. But due to some tension at the domestic front, we failed to sustain at higher levels. Despite all this, we managed to reclaim a key level and if there is no further escalation with respect to our geopolitical concerns, we would again start moving in tandem with global peers. Hence, we still remain hopeful and now with today's see-saw, the sacrosanct support can be seen in the zone of 9700-9500. On the flipside, the next leg of the rally will get unfolded once Nifty confirms a breakout beyond 10020-10050 levels."


Source: Equity Bulls

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





Other Headlines:

Derivatives Strategy - Sell Bank Nifty 6 August 20600 Put at Rs. 115-135 - ICICI Securities

Nifty snaps six-week winning streak, still 11000 defended successfully: Angel Broking

Rollover Report for July - Aug 2020 - Angel Broking

Daily Market Commentary - July 31, 2020 - Bonanza Portfolio

Technical View - July 31, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 29, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Market wobbles at 4-month high, Reliance sees profit booking: Angel Broking

Daily Market Commentary - July 29, 2020 - Bonanza Portfolio

Technical View - July 29, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 28, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Nifty reclaims 11300 after four months: Angel Broking

Daily Market Commentary - July 28, 2020 - Bonanza Portfolio

Technical View - July 28, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 27, 2020 - Bonanza Portfolio

Daily Markets - July 27, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Harmony missing between key tradable indices: Angel Broking

Technical View - July 27, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 24, 2020 - Bonanza Portfolio

Technical View - July 24, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Derivatives Weekly View - July 24, 2020 - Nifty to target 11400 with support at 11050

Market Outlook - Technical - July 24, 2020 - Dharmesh Shah, Head - Technical, ICICI direct

Market outlook - Broader market to outperform the benchmark - ICICI Securities

Nifty ends higher despite some intra-week reality checks: Angel Broking

Banking space to dictate the direction: Angel Broking

Daily Markets - July 23, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Technical View - July 23, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 23, 2020 - Bonanza Portfolio

Nifty approaches its crucial hurdle: Angel Broking

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

Daily Market Commentary - July 22, 2020 - Bonanza Portfolio

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

Daily Markets - July 21, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 21, 2020 - Bonanza Portfolio

Technical View - July 21, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

11000 taken out, IT and Financials lead: Angel Broking

Daily Markets - July 20,2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 20, 2020 - Bonanza Portfolio

Technical View - July 20, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market for next week: Positive momentum to continue, Nifty eyeing 11400 - ICICI Secruities

Derivatives Weekly View (July 17): Nifty to target 11200 with support at 10750... - ICICI Securities

11000 merely a formality, stay upbeat and keep booking timely profits: Angel Broking

Weekly expiry ends higher above 10700: Angel Broking

Daily Markets - July 16, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 16, 2020 - Bonanza Portfolio

Technical View - July 16, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market nosedives post Reliance AGM: Angel Broking

Technical View - July 15, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - July 15, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Markets - July 14, 2020 - Mr. Deepak Jasani, Head Retail Research, HDFC Securities

Daily Market Commentary - July 14, 2020 - Bonanza Portfolio







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

disclaimer copyright © 2005 - 2019