Market Analysis

Nifty close 10370.3: Nifty ended the session on a negative note and closes below the psychological 10400 mark. As mentioned in yesterday’s Tech table, 10359 acted as a good support area for the indices in today’s session. Hourly Technical: In...

Nifty close 10399.6: Benchmark indices started the week on a weaker note but recovered in the second half to close at 10400 mark. Hourly Technical: In the hourly chart, Nifty bounced from 50 Hour moving average (presently at approx. 10342.1)...

Nifty (Close 10348.8): Nifty closed 10 points below its opening level but continued to stay above the previous day’s close for the 3rd consecutive day. Hourly Technicals: In the hourly chart, Nifty continued to stay range bound. The second half...

Nifty (Close 10342.30): Nifty opened quarter of a percent gap up today based on bullish global cues, however sold off from today’s highs and eventually closed the day with minor gains. Hourly Technicals: In hourly chart, nifty is very range-bound....

Bank Nifty opened above its 5 Day High EMA (25806 approx) today . The Index traded in a range of 162 points and closed above its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed below its...

Nifty (Close 10326.9): It opened with a slight gap up and closed around its opening level, above 20 Daily Moving Average. Hourly Technicals: In the hourly chart, Nifty consistently experienced buying pressure in the first half and was on the...

Bank Nifty opened above its 5 Day High EMA (25824 approx) today . The Index traded in a range of 139 points and closed above its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed below its...

Nifty (Close 10298.8): Nifty remained range bound during the day and closed with positive notes for the day Hourly Technicals: Nifty closed just below the 100 hour sma, presently at 10309. However, a close above 20 hour sma, presently at...

Bank Nifty opened above its 5 Day High EMA (25613 approx) today . The Index traded in a range of 236 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed at its...

Nifty close 10283.6: For the first time in 14 years, Moody’s upgraded India’s sovereign debt rating from Baa3 to Baa2. The index opened 110 points above its previous close. However, the buying sentiment could not be maintained and the second...

Bank Nifty opened above its 5 Day Low EMA (25237 approx) today . The Index traded in a range of 213 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed at its...

Nifty close 10214.8: The index rebounded sharply after three day of consecutive losses. As mentioned in last day’s Tech table that there was a high possibility of bounce back from 50 DMA line which hold good in today’s trading session....