The market remained under pressure on global weakness after the US President Donald Trump threatened more tariffs on Chinese products. China’s Shanghai Composite dropped 3 percent and Hong Kong’s Hang Seng dipped 2 percent. Dow Jones futures also shed around 300 points, indicating weak opening on Wall Street. The 30-share BSE Sensex fell 189.12 points to 35,359.14 and the 50-share NSE Nifty down 67.40 points at 10,732.50 as IOC, Infosys, Reliance Industries, Vedanta, ICICI Bank and SBI are down 1-3 percent. About two shares declined for every share rising on the BSE. » Read more
Trade war effect has been seen in Monday market which resulted in 1:2 advance decline ratio and also mostly index ended in negative territory, Thanks to oil and auto sector which helped Index to trade in sideways movement and also put breaks on bears.
10820 is very crucial immediate resistance for Nifty future and breakout of the resistance will resume bulls in the market and 10770 followed by 10740 is crucial immediate support for Nifty future. Sideways movement is once again expected from Tuesday market.
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Indian market lost momentum after hitting record highs in January. The S&P BSE Sensex is still down over 800 points from its record high of 36,443.98, but the real carnage was seen in the small & midcap space in which stock fell up to 90 percent so far in 2018.Does that mean that the honeymoon period seen in the small and midcaps is over? Well, the fall may not be over but very optimistic on smallcaps because they are not co-related with macros. » Read more
The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world’s two largest economies US and China. The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week. The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20. Oil marketing companies IOC, HPCL and BPCL gained 2-3 percent on falling crude prices while TCS hits fresh record high after the buyback news. » Read more
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जैसे निफ़्टी और बैंक निफ़्टी फ्यूचर पिछले हफ्ते एक रेंज में ट्रेड क्र रहे थे और हमे फार्मा एंड आईटी स्टॉक्स में कमाने का काफी मौका मिला । अब अगले हफ्ते कौन देगा कमाने का मौका और कहाँ जायेंगे निफ़्टी एंड बैंक निफ़्टी फ्यूचर, आइये देखिये MarketMagnify के साथ।
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Benchmark indices opened on a flat note amid mixed trade in Asia ahead of likely US tariffs on select Chinese goods. The Sensex fell 12.28 points to 35,587.54 and the Nifty slipped 1.80 points to 10,806.20. L&T, Reliance Industries, HDFC Bank, BPCL and IOC are under pressure. Dr Reddy’s Labs, TCS, Lupin, ICICI Bank, Titan Company and Maruti Suzuki gained up to 2 percent. Nifty Midcap index is flat. Tata Global, HDFC Standard Life, Venkys, Kesoram Industries, PVR, HOEC, Prestige Estates and LG Balakrishna gained up to 5 percent. SBI Life, Vakrangee, Gitanjali Gems, Avenue Supermarts and Gati fell up to 5 percent. » Read more
Free Intraday Trading Tips Today : 14th June (Thursday)
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Benchmark indices started off trade on a weak note after investors digested US Federal Reserve’s rate hike. The 30-share BSE Sensex fell 93.70 points to 35,645.46 and the 50-share NSE Nifty declined 35.30 points to 10,821.40. Infosys lost 2 percent. Vedanta, BPCL, HPCL, IOC, SBI, Axis Bank, ICICI Bank and Tata Steel are under pressure. Lupin, Cipla, Aurobindo, Bharti Airtel and HDFC Bank are early gainers. Nifty Midcap index dropped 36 points and Nifty Bank slipped 70 points. Dish TV, Vakrangee, Granules India, gained up to 5 percent. NBCC, Shree Renuka, Bhansali Engineering, Oberoi Realty, Mindtree, Future Consumer, SBI Life, Adani Power, Suzlon, Reliance Power, Canara Bank, PNB, Gammon Infra, Videocon and GMR Infrastructure declined up to 5 percent. » Read more
Bulls and Bears have been in a tug of war which resulted narrow movement in the market, but breakout in near the corner and we may see directional movement in the market any time soon as Fed Fund Rates is due today mid night and also IIP and WPI data will be announce this week. We are witnessing higher high and higher lows because Nifty future is facing resistance of upward sloping trend line through which resistance has been shifting to upward levels day by day. » Read more
Equity Cash Tips Today : 13th June (Wednesday)
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Shares have started on a good note, with the Sensex rising over 100 point, while the Nifty is well above 10,850-mark. All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent. The Sensex is up 144.22 points or 0.40% at 35836.74, while the Nifty is up 31.10 points or 0.29% at 10874.00. The market breadth is positive as 314 shares advanced, against a decline of 144 shares, while 46 shares were unchanged. Shares of Sun Pharma and TCS are the top gainers, while Airtel, Kotak Mahindra, and Zee Entertainment are the top losers. » Read more