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

Negative global cues weigh heavily on the expiry day: Angel Broking

Posted On: 2020-09-24 04:25:02


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

"The negative global cues weighed down heavily on our markets today as the Nifty opened gap down and then corrected throughout the day to end with a loss of almost 3 percent.

It was one of the worst expiry day for our markets in the recent past as the indices corrected sharply along with the broader market. There was no respite for any of the index as all the sectors, including the recent out performers took a sharp knock. The index has already been in a corrective phase since the start of this month and Nifty has breached its supports one after another. Nifty has now approached its '200 DMA' around 10760 which is another important support. However, as of now there are no positive signs and hence, we continue with our cautious approach on the markets. There could be some pullback from here as we have approached the '200 DMA' which coincides with some important retracement levels as well. However, markets are likely to face selling pressure on pullback moves and hence, one should avoid any aggressive contra trades. The 'Dollar Index' which we had recently highlighted for its breakout has moved higher which too is not good for the equity markets. The immediate support for Nifty is placed in the range of 10800-10750 followed by 10670, whereas 11000-11100 will be seen as resistance on pullback moves. Thus, we continue with our advice for traders to stay light and avoid overnight positions."


Source: Equity Bulls

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

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Daily Markets - Oct 30, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rollover Report for October 2020 - November 2020: Angel Broking

Daily Market Wrap-Up - Oct 30, 2020 - Angel Broking

Technical View - Oct 30, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

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







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

disclaimer copyright © 2005 - 2019