Market Updates

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 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....

Bank Nifty opened above its 5 Day Low EMA (25219 approx) today . The Index traded in a range of 148 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed above its...

Nifty close: The index corrected more than 350 points from its record high last week and remained under pressure for the third consecutive session on Wednesday. Hourly Technical: In the Hourly chart, the selling pressure continued in today’s session but...

Bank Nifty opened above its 5 Day Low EMA (25351 approx) today. The Index traded in a range of 174 points and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed above its 5 HMA of (25276 approx). The Index is likely to face immediate resistance above it's 5 hourly high EMA (25333 approx). Bank Nifty will find its next support around the 5 Hourly low EMA ( 25264 approx). Hourly RSI stands close to the lower end of the normal range while the CCI is indicating that sentiments are negative. ADX is indicating that Bank-Nifty might not undergo major volatility yet. Figure: Bank-Nifty Hourly Chart Daily Technicals: The daily chart indicates that Bank Nifty has closed marginally above its 5 day low EMA (25254 approx). The Index will face immediate resistance around its 8 DMA(25392 approx). On the downside, however, if Bank Nifty breaks and closes below its intraday low (25224 approx), it could find support at its 20 DMA (25012 approx). The daily RSI indicator has closed midway between the normal range. The CCI indicator, however, is indicating that sentiments are still positive. The ADX indicates that momentum might remain slack. Figure: Bank-Nifty Daily Chart Figure: Bank-Nifty Tech Table Watch the video below to know how to analyze the above matrix: https://www.youtube.com/watch?v=Wf3G-opvpOE&t=320s

Bank Nifty opened above its 5 Day High EMA (25559 approx) today . The Index traded in a range of 265 points  and closed below its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed at  its 34 HEMA of (25356 approx).The Index is likely to face immediate resistance above its 5 hourly low EMA (25396 approx). Hourly RSI stands close to the lower end of the normal range while the CCI is indicating that sentiments are negative. ADX is indicating that Bank Nifty might not undergo volatility yet. Figure: Bank-Nifty Hourly Chart Daily Technicals: The daily chart indicates that Bank Nifty has closed  below  its 5 day high EMA (25550 approx). The Index will face immediate resistance around its 8 DMA(25410 approx). On the downside however, if Bank Nifty breaks and closes below its 5 DMA (25326 approx), it could find support at its 5 day low EMA (25257 approx). The daily RSI indicator has closed midway between the normal range.The CCI indicator however is indicating that sentiments are still positive.The ADX indicates that momentum might remain slack. Figure: Bank-Nifty Daily Chart Figure: Bank-Nifty Tech Table

Nifty close 10225: Nifty opened flat but the selling pressure continued throughout in today’s session. The Selling pressure in the final hour of trade dragged the market lower. Hourly Technical: In the Hourly chart, Nifty closes below 200 Hourly moving...

Bank Nifty opened above its 5 Day Low EMA (25262 approx) today . The Index traded in a range of 332 points  and closed above its opening price. Hourly Technicals: In the Hourly Chart, Bank Nifty has closed above its...

Nifty close 10321.8: The index posted 1% loss for the week but ended Friday’s session mildly higher post GST council meet. Nifty likely to consolidate in 10200-10400 range, break on either side will decide further move. Hourly Technical: In the...