Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Market Commentary

| More

Nifty reclaims 11500, courtesy to late surge in banking stocks: Angel Broking

Posted On: 2020-09-15 10:13:59


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

"The overnight rally in US markets had a rub off effect on almost all major Asian bourses. Hence, we too started the day with a gap up opening despite yesterday's shaky session. Subsequently, similar to recent behaviour, index went into a consolidation mode and kept flirting around the 11500 mark. However from nowhere, a strong buying emerged in the banking conglomerates at the stroke of the penultimate hour. This pushed Nifty higher to end convincingly above 11500.

Indices seemed to have lost clear direction and are clearly trapped in a range. Yesterday, we witnessed strong sell off from higher levels and today, it was almost the reverse action. With today's late surge in banking stocks, both Nifty as well as BankNifty are interestingly poised. For Nifty, if 11570 is taken out, we would see some extension towards 11625 - 11675 levels and if this has to happen, the banking stocks needs to replicate today's move. On the flipside, 11450 followed by 11380 are to be seen as key supports.

Today for the second day, stocks from the broader market kept buzzing. However, this is nowhere similar to mid n small cap rally that we witnessed in previous couple of months. Hence, one needs to pick the right stock and should keep booking timely profits. Apart from this, Pharma stocks had a good first half today after a brief pause of nearly 2-3 weeks. We reiterate, one should follow stock specific moves but avoid aggressive bets."


Source: Equity Bulls

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

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

October series concludes above 11600: Angel Broking

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

Daily Market Commentary - Oct 29, 2020 - Bonanza Portfolio

Daily Market Wrap-Up - October 29, 2020 - Angel Broking

Rupee - Oct 29, 2020 - Reliance Securities

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

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

Make or break levels around 11700 - 11660: Angel Broking

Daily Market Commentary - Oct 28, 2020 - Bonanza Portfolio

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

Market Wrap-Up - Oct 28, 2020 - Angel Broking

Rupee - Oct 28, 2020 - Reliance Securities

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

Daily Market Commentary - Oct 27, 2020 - Bonanza Portfolio

11700 becomes the sheet anchor for the bulls: Angel Broking

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

Daily Markets - Oct 26, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Global uncertainty shakes our markets again: Angel Broking

Daily Market Commentary - Oct 26, 2020 - Bonanza Portfolio

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

Rupee - Oct 26, 2020 - Reliance Securities

Market Wrap-Up - October 23, 2020 - Angel Broking

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

Rupee - Oct 23, 2020 - Reliance Securities

Some tentativeness around 12000, but odds in favor of bulls: Angel Broking

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

Weekly options expiry ends tad below 11900: Angel Broking

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

Daily Market Commentary - Oct 22, 2020 - Bonanza Portfolio

Rupee - Oct 22, 2020 - Reliance Securities

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

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

Massive volatility haunts traders: Angel Broking

Market Wrap Up - Oct 21, 2020 - Angel Broking

Daily Market Commentary - Oct 21, 2020 - Bonanza Portfolio

Indian Rupee - Oct 21, 2020 - Reliance Securities

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

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

Daily Market Wrap-Up - Oct 20, 2020 - Angel Broking

Daily Market Commentary - Oct 20, 2020 - Bonanza Portfolio

Rupee - Oct 20, 2020 - Reliance Securities

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

Nifty back to safer zone as closes above 11850: Angel Broking

Daily Markets - Oct 19, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 19, 2020 - Angel Broking

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

Rupee - Oct 19, 2020 - Reliance Securities

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

Daily Market Wrap-Up - Oct 16, 2020 - Angel Broking

Daily Market Commentary - Oct 16, 2020 - Bonanza Portfolio







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

disclaimer copyright © 2005 - 2019