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

| More

RBI Governor boosts traders' sentiments, Nifty reclaims 14600 : Angel Broking

Posted On: 2021-05-05 16:47:22 (Time Zone: UTC)


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

"The SGX Nifty had displayed lot of action ahead of market opening as we saw it not only recovering from lower levels but indicating a strong start for our markets. This happened after the announcement of RBI Governor to make an unscheduled speech at 10 am. In line with this, Nifty opened on a positive note and then went into a consolidation mode for the remaining pat of the session. Although there was some volatility visible during the day, the overall intraday activity was trapped in a range. Eventually, Nifty ended the session with nearly eight tenths of a percent gains by reclaiming the 14600 mark.

Since last few days we have been mentioning how the key indices are showing no trend at all. At the end of the day, they might close in green or red; but the overall action is very much muted for indices. However, the real action still continues from the different themes of the market. For the coming session, 14550 - 14450 - 14400 are to be seen as immediate supports and on the higher side, 14730 is the level to watch out for. If any small directional move is to be seen in Nifty it either needs to surpass 14730 or break below 14400. Till then better to avoid index and focus strictly on individual stocks that are doing exceedingly well.

Today, the day clearly belongs to the PHARMACEUTICAL stocks as we saw some of the large cap counters soaring as if there is no tomorrow. Hence, traders should still look to identify such potential moves in order to get better trading opportunities."


Source: Equity Bulls

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


Other Headlines:

Rupee - June 17, 2021 - Reliance Securities

Daily Market Wrap - June 17, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - June 17, 2021 - Bonanza Portfolio

Post Market views - June 17, 2021 - Mr. Vikas Jain, Senior Research Analyst at Reliance Securities

Technical View - June 17, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - June 16, 2021 - Reliance Securities

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

Daily Market Commentary - June 16, 2021 - Bonanza Portfolio

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

Technical View - June 16, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - June 15, 2021 - Reliance Securities

Daily Market Wrap - June 15, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - June 15, 2021 - Bonanza Portfolio

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

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

Rupee - June 14, 2021 - Reliance Securities

Daily Markets - June 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - June 14, 2021 - Bonanza Portfolio

Post Market views - June 14, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - June 14, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - June 11, 2021 - Reliance Securities

Daily Market Wrap - June 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty at 15800 but midcap index at crucial juncture now : Angel Broking

Sensex Hitting Record Highs - Views of Mr. Amar Ambani, Senior President and Head of Research - Institutional Equities, YES SECURITIES

Post Market views - June 11, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - June 11, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - June 10, 2021 - Reliance Securities

Daily Market Wrap - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - June 10, 2021 - Bonanza Portfolio

Technical View - June 10, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - June 10, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - June 9, 2021 - Reliance Securities

Daily Market Wrap-Up - June 9, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - June 9, 2021 - Bonanza Portfolio

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

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

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

Benchmark continues to make new high, enters crucial zone : Angel Broking

Rupee - June 7, 2021 - Reliance Securities

Daily Market Commentary - June 7, 2021 - Bonanza Portfolio

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

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

Market Outlook: Technical - June 5, 2021

Daily Market - June 4, 2021 - Mr. Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities

Daily Market Commentary - June 4, 2021 - Bonanza Portfolio

Post Market views - June 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - June 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - June 3, 2021 - Reliance Securities

Daily Markets - June 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Gravity defying move continues, Nifty touches 15700 on weekly expiry


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

disclaimer copyright © 2005 - 2020