Market Analysis

Nifty close 10772.65:Trade war making the market highly unpredictable and volatile. This week Nifty made higher highs and higher lows in the daily chart but ultimately it ended in the same zone (10600-10800). In the weekly chart this is the...

Nifty close 10714.30: The last trading day of the week ended in positive note. Almost all the sectors moved up as the market went up. Nifty almost covered the last two bearish candles made on Wednesday and Thursday. The market...

Nifty close 10821.85: Last hour trading session makes Nifty to ends in a positive note. Sudden buying pressure in the pharma, banks and Fin service sectors pulls the market up. But this does not suggest any bullish move for near...

Nifty close 10817.7: Nifty faced resistance from the double top area in the daily chart after which it witnessed some correction. Presently, the index has closed within the 5 Day High-Low EMA band which suggest some consolidation, however any close...

Nifty close 10767.65: Nifty Ends in Green. Thursday’s gap up opening and a green candle helped Nifty to end in a positive note. Week started with red which drives nifty to touch its 100 MA line (which is at approx. 10552)....

Nifty close 10696.20: Nifty ends this week with a red candle. This was the expiry week for the index as well as global political uncertainty drives the index with no certain direction. However maximum support lines are below the price...

Nifty close 10605.15: Nifty ended the week on a positive note after short covering on the expiry day followed by good buying on Friday’s session. The benchmark index registered a high of 10627 and managed to close above 10600 mark....

Nifty close 10596.40: Nifty ends this week with two consecutive red candles. Karnataka election is playing the major character behind this market downfall. Market has totally lost its previous positive momentum and now it is trading at an important support...

Nifty close 10806.50: Nifty is trading above 10800, company results supported the index to achieve this high. Previous resistance level was broken by Friday’s bullish candle and it seems that the index will cross 11000 very soon if the momentum...

Nifty close 10692.3: Nifty came out of short term resistance of 10600 with a gap up on positive global cues and earnings optimism. Moreover there is a gap filling opportunity in the index and given the positive momentum, it seems...

Nifty close 10564.1: Nifty took sharp recovery on Monday’s session from 50 Day SMA but stuck in a narrow range in the last four trading session. The index has been struggling to cross over 10600 level and is expected to...

Nifty close 10480.6: Nifty managed to close in green for the third consecutive week amidst volatility. There is a high possibility that Nifty may face strong resistance at 10500 and today’s doji formation at the resistance area suggests indecision in...