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

| More

Technical View - Mr. Subash Gangadharan, Senior Technical & Derivative Analyst, HDFC securities

Posted On: 2021-03-08 06:04:05 (Time Zone: Arizona, USA)


Markets ended with modest gains on Monday after correcting in the previous two sessions. The Nifty finally gained 18.1 points or 0.12% to close at 14,956.2. Broad market indices like the BSE Mid Cap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE.

Sectorally, the top gainers were the BSE Capital Goods, Oil and Gas, Metal and IT indices. The top losers were the BSE Realty, Telecom, FMCG and Auto indices.

Technically, the Nifty seems to be trading in a range. Further directional cues are likely to emerge on a move beyond the 14862-15111 range. A close below 14862 is likely to lead to a correction towards the 50 day SMA which is currently at 14610. On the upside, crucial resistances to watch for signs of strength are at 15203.

Conclusion: The Nifty is in consolidation mode. Further directional cues are likely to emerge on a move beyond the 14862-15111 range. A close below 14862 is likely to lead to a correction towards the 50 day SMA which is currently at 14610.


Source: Equity Bulls

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


Other Headlines:

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

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

Technical View - April 6, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 6, 2021 - Reliance Securities

Daily Market Commentary - April 6, 2021 - Bonanza Portfolio

Daily Markets - April 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - April 6, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - Outlook - April 6, 2021 - Reliance Securities

Pre-Market views - April 6, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rising COVID-19 cases spooks market participants, financial became the culprit : Angel Broking

Technical View - April 5, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 5, 2021 - Reliance Securities


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

disclaimer copyright © 2005 - 2020