Market Analysis

Nifty (Close 10006.1): Nifty breaks the previous resistance of 9963 and also the symmetrical triangle with a gap which suggests that the bulls are back in control. Hourly Technical In the Hourly chart, Nifty has closed above most short-term moving...

Bank Nifty opened above its 5 Day High EMA (24417 approx) today the 8th of September. The Index traded in a range of 140 points throughout the day and closed below the 5 day high EMA of (24401 approx) Hourly...

Nifty (Close 9934.8): Nifty ended on a flat note in this week and this consolidation may continue until it remains in 9850-9950 range. The bulls will be back in the game, once Nifty closes above 9950. Hourly Technical:In the Hourly chart,...

Bank Nifty opened below its 5 Day Low EMA (24180 approx) today the 5th of September. The Index traded in a range of 176 points throughout the day and closed around the 8 DMA of (24300 approx). Hourly Technicals:In the...

Nifty (Close 9916.2) After a gap down of more than 50 points, it recovered from its lows and closed above 9900. Hourly TechnicalNifty consolidated in a very tight range in today’s session. However, it closed just above 200 Hourly Moving Average...

Bank Nifty opened around its 8 Day MA mark (24288 approx) today the 5th of September. The Index traded in a range of 128 points throughout the day and closed marginally above the 5 DMA of (24325 approx) Hourly Technicals:In...

Nifty (Close 9952.2) : Nifty consolidates in today’s trading session but the bulls took over in the second half and managed to close above 9950. Hourly Technical:In the Hourly chart, Nifty closes above most short term moving averages. The probable...

Bank Nifty opened close to its 5 Day High EMA mark (24390 approx) today the 4th of September. The Index slipped by 230 points throughout the day and closed marginally above the 5 Day Low EMA of (24204 approx) Hourly...

Nifty (Close 9912.9) : Nifty fell sharply in today’s session after North Korea did powerful nuclear test on Sunday. In the second half, market saw some bounceback from its lows but closes below its important 200 Hourly moving average (presently...

Bank Nifty opened above the 20 DMA mark (24326 approx) today the 1st of September. The Index traded in a range of 172 points throughout the day and closed marginally below the 34 DMA of (24404 approx) Hourly Technicals: In...

Nifty (Close 9974.4) : Nifty breached an importance resistance of 200 Hourly moving average (presently at approx. 9922.5) and  breaks out of the short-term Symmetrical triangle in the very first hour, post which it witnessed one-sided rally. Hourly Technical: Nifty...

Market Movement today: Indian market started off today with a negative outlook today. Even the global markets were gloom with the DJIA losing -1.29% followed by S&P500(-1.35%), FTSE100(-0.37%). Nifty open at 7865 today and came down to 7777 by 03.15P.M....