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

| More

Strong global cues helps Nifty reclaiming 14750: Angel Broking

Posted On: 2021-03-01 04:44:24 (Time Zone: Arizona, USA)


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

"The Asian markets traded firm in the morning as the U.S. stimulus package led to optimism amongst market participants. In line with these global cues, our markets too opened on a positive note above the 14700 mark. The index then traded within a range wherein the intraday dip around noon witnessed buying interest and the index ended with gains of over and and a half percent at 14760.

It was a day of relief post the carnage that we had seen in Friday's session in the key indices. The global markets cheered on the back of the passage of U.S. stimulus package. In today's session, there were a lot of sector/stock specific action especially from the broader markets which kept buzzing throughout the day. Technically, we would consider this as a pullback move as of now as we have a 'Lower Top Lower Bottom' structure on Nifty and until that is violated again, we are not out of the woods yet. Hence, it would be prudent to avoid aggressive trades at the moment and rather be very stock specific for trading till we resume the broader uptrend. On the upside, 14900-15000 will be the immediate resistance range of the index and one should look to lighten up trading longs on pullback towards this range. A move above the recent swing high of 15178 will only negate the recent short term corrective structure. On the flipside, 14630 followed by 14500 are the immediate supports for the index."


Source: Equity Bulls

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


Other Headlines:

Daily Markets - April 20, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Market struggles at higher levels, retested 14200 again : Angel Broking

Rupee - April 20, 2021 - Reliance Securities

Daily Market Commentary - April 20, 2021 - Bonanza Portfolio

Technical View - April 20, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - April 20, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 19, 2021 - Reliance Securities

Daily Markets - April 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - April 19, 2021 - Bonanza Portfolio

Post Market views - April 19, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 19, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - April 16, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - April 16, 2021 - Reliance Securities

Daily Market Commentary - April 16, 2021 - Bonanza Portfolio

Post Market views - April 16, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee Update - April 16, 2021 - Reliance Securities

Rupee - April 15, 2021 - Reliance Securities

Banking space leads to some pullback in benchmark indices : Angel Broking

Technical View - April 15, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - April 15, 2021 - Bonanza Portfolio

Post Market views - April 15, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty reclaims 14500, but still not completely out of the woods : Angel Broking

Daily Market Commentary - April 13, 2021 - Bonanza Portfolio

Post Market views - April 13, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 13, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - April 12, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market reacts to second wave of covid-19 in our country : Angel Broking

Rupee - April 12, 2021 - Reliance Securities

Daily Market Commentary - April 12, 2021 - Bonanza Portfolio

Daily Markets - April 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - April 12, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 9, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 9, 2021 - Reliance Securities

Daily Market Commentary - April 9, 2021 - Bonanza Portfolio

Post Market views - April 9, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 9, 2021 Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Pre-Market views - April 9, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 8, 2021 - Reliance Securities

Daily Markets - April 8, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Tail end correction drags Nifty below 14900, Metals continue with their dream run - Angel Broking

Daily Market Commentary - April 8, 2021 - Bonanza Portfolio

Technical View - April 8, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - April 8, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Market extends gains post RBI policy, but hesitation continues around 14900 - Angel Broking

Rupee - April 7, 2021 - Reliance Securities

Technical View - April 7, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - April 7, 2021 - Bonanza Portfolio

Post Market views - April 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 7, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities


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

disclaimer copyright © 2005 - 2020