Commentary Monday Market 15-jan-2018

Indian Equity Indices started the week on very strong note as Indian indices once again closed at record high and for the 1st time bank nifty future closes above 26000 and nifty future closes above 10700. We have seen rally in most of the world market which helped Indian market to kick off on the start of the week. Indian market rally is led by finance sector which gain 2.41% followed by Media, and Nifty bank which gained by 1.41% and 1.24% respectively today. Benchmark Indices closes on very strong note as Sensex closed at 251.12 points up at 34843.51 and Nifty future closed at 59.15 points up at 10745.50. Market breath was neck to neck despite indices closes at very strong note as 899 shares gained while 899 shares losses in NSE and 62 shares remained unchanged.

HDFC, ICICI Bank and Ambuja Cements were top Nifty 50 gainers today and Idea Cellular, Gail and Eichers Motors were top losers today.

Despite market kick off market breath on NSE was neck to neck and Nifty future has not participated in the rally as much today and the reason behind this is that Nifty future is facing upward sloping trend line resistance level around 10770-10795 on daily chart, which resist Nifty future to outperform. Last 2 times Nifty future had faced these resistance level causes to correct almost 4% both time. Now we are sensing that market correction is near the corner but we still have to wait for confirmation.

On Tuesday, Market may open gap up and Nifty future may test the level around 10790-10800 and after that correction is expected in the market and we advised investors and traders to maintain sell position in Nifty future around 10790-10800. Strategy for Tuesday market will be sell on high (around 10790-10800) as market movement is expected to be sideways to negative once Nifty future reaches its respective resistance level.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10715 and 10680.

Resistance of Nifty future is placed at 10800 and 10840.

Support of Bank Nifty future is placed at 25950 and 25790.

Resistance of Bank Nifty future is placed at 26200 and 26330.

Daily chart of nifty future

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Stock Market Commentary 12th-Jan-2018 (Friday)

Commentary For Today’s Stock Market

It’s been the roller costar day for Indian equity market as Indices open on record high but couldn’t sustain for long after Supreme Court judges said the working of top court is not in order. Market fall towards this week low level but quickly reversed to close at record high. Today market has something for everyone and shows that market still is in bullish trend and one should not carried away from little corrections. Benchmark Indices closes on positive note as Sensex closed at 88.90 points up at 34592.39 and Nifty future closed at 32.30 points up at 10686.35. Market breath was negative despite indices closed at record high as 755 shares gained while 1045 shares losses in NSE and 53 shares remained unchanged. » Read more

Thursday Market Commentary By MarketMagnify

Indian equity benchmark indices started today session on flat note tracking negative global cues and after that trade in consolidate to bullish phase for most of the day and Nifty future closed at record high of 10659.75. ity and sideways movement from previous 2 days. For first time Nifty future manage to close above 10650 on 4th attempt, which is positive for the market but Bank Nifty future trades below its resistance level of 25800. Benchmark Indices closes on positive note as Sensex closed at 70.42 points up at 34503.49 and Nifty future closed at 22.70 points up at 10659.75. Market breath was positive as 848 shares gained while 728 shares losses in NSE and 63 shares remained unchanged. » Read more

Wednesday Stock Market Commentary

Wednesday Stock Market Commentary

Indian equity benchmark indices started today session on flat note tracking mixed global cues and continues its volatility and sideways movement from previous 2 days. Market was a bit tricky as there was not such a clear trend in Index from last 3 days as market continually trading sideways. But for traders whole world is situated outside index as we have seen mind blowing movement in Nifty IT, reality sector both ended the session with a gain of 2.24% and 1.26% and single brand retail companies as » Read more

Tuesday Market Commentary By MarketMagnify

Tuesday Market CommentaryIndian equity benchmark indices started today session on slightly positive note tracking positive global cues, Indices were trading in a sideways movement throughout the day. Nifty future was opened gap by 14 points and then traded in narrow range of 40 points throughout the day and closes range bound session at new closing high. Sensex was up 90.40 points at 34443.19 and Nifty future was up 15.50 points at 10646.90. The market breadth was negative on NSE after long time today as 754 shares advanced, against a decline of 1052 shares and 50 shares remained unchanged. » Read more

Commentary For Monday Market 8/1/2018

Indian equity benchmark indices started the week on very strong note tracking positive global cues, Market was opened gap and then traded in narrow range as neither bulls and bears want to give up, there were opportunities for both buyers and sellers and yet again indices closed on record high. Sensex was up 198.94 points at 34352.79 and Nifty future was up 58.20 points at 10631.40. The market breadth was positive on NSE today as 1104 shares advanced, against a decline of 726 shares and 51 shares remained unchanged. » Read more

Commentary For Thursday Market 4/1/2018

Commentary For Today’s Stock Market

Indian equity benchmark indices started today session on positive note tracking positive global cues and traded in bullish trend throughout the day and most important closing of today market was very strong and suggested bulls have again taken charge, European market was also opened on positive note which helped Indian indices to gain further. We have seen a good rally in Public Sector Banks and Metals stock today. » Read more

Wednesday Market Commentary By MarketMagnify 3/1/2018

Have you enjoyed the roller costar ride today? Indian Equity indices has traded just opposite of what we have seen on Tuesday session as in the first hour of the day market was in the mood to rewards bulls but after that indices were under pressure and slowly erases all the gains which they gain in the first hour. As trading resumes all over the world and participation of foreign investors were there, we have seen individual stocks in totally different AVTAR and we are sure that if you have followed proper trading rules, you have earned a lot today. » Read more

Stock Market Commentary 2nd-Jan-2018

Stock Market Commentary 2nd-Jan-2018

Indian market indices were under pressure from the start of the day, market was bearish in the first hour of the day and after that market has something for everyone (for bulls and for bears). As we had said in our last commentary crucial support for nifty future is 10430 which nifty future doesn’t breached on Tuesday session. Spot indices ended the session on flat note and future indices ended with loss. » Read more

Stock To Watch for 22th.-DEC-2017

BLISSGVS

We recommended traders to BUY BLISSGVS above 212 level and target of 216-221 may achieved with a stop loss of 207.

VISHNU

We recommended traders to BUY VISHNU above 382 level and target of 387-393 may achieved with a stop loss of 376.

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