Nifty can reclaim 11,250 if it closes consistently above 10,950: Narnolia

Bulls made a splendid comeback last week. This is in-line with the trend that markets are positive in Christmas week almost 95 percent of the time. It has been almost two months that markets are trading in a tight range of marked by Bollinger bands. Recently, Nifty touched lower band around (10,540), from there it is moving towards upper band which is currently placed around 11,050.

Nifty has given a breakout of Cup and Handle pattern in a lower time frame and the target as per pattern is placed around 11,250, which looks possible on daily closing above major resistance of 10,950.

ADX indicator is still trading around 17, which is below crucial levels considered for trending market, expresses no strength in the current trend. However, weekly RSI is placed near 50 from the last five weeks. It indicates that sideways to positive momentum is intact. At the same time, VIX closed lower in this week around 15.27 suggesting average movement will continue.

Source:https://www.moneycontrol.com/news/eye-on-india/videos/buy-or-sell-stay-cautious-stock-specific-book-profits-on-every-rise-3338761.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX Support & Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Indices trade higher, Nifty around 10,900; Indiabulls Housing, DHFL most active

  

MARKET OPENS Equities have begun the week on a good note, with the Nifty surging to 10,900-mark. 

The Bank Nifty, too, has seen a positive opening, up around half percent in early morning trade. 

The Sensex is up 165.73 points or 0.46% at 36242.45, while the Nifty is higher by 52.60 points or 0.48% at 10912.50. The market breadth is positive as 407 shares advanced, against a decline of 107 shares, while 25 shares were unchanged.

Other sectoral gainers include automobiles, metals, and pharmaceuticals, among others. The Nifty Midcap index has opened around half a percent higher. 

IndusInd Bank, State Bank of India, Indiabulls Housing and Hindalco have gained the most, while Kotak Mahindra Bank, Power Grid, and NTPC were the big losers.

RUPEE OPENS The Indian rupee has opened at 69.80 per US dollar against previous close of 69.94 per dollar.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-trade-higher-nifty-around-10900-indiabulls-housing-dhfl-most-active-3337721.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Strong rally likely in January series as long as Nifty trades above 10,800

The Nifty50 started off in the negative zone at the beginning of the week following global peers. However, strong recovery in the latter half helped Nifty close in positive after two sessions of losing streak.

On the daily chart, a piercing candlestick pattern has formed, which suggests a bullish reversal of the short trend. A long lower wick in the latest candle indicates strong demand around 10,500.

On the other hand, even after a strong recovery, the strength indicator RSI (14) remained in the bearish crossover which means the momentum is still bearish.

On the options front, maximum open interest position is visible in 11,000 CE (45.13Lakh shares) and 10,000 PE (53.31Lakh shares); whereas, significant writing at 10,500 PE (7.25Lakh shares) and at 10,600 PE (7.15Lakh shares) pushed the index upward for the day.

Going forward, 10,600 and 10,500 would act as crucial support for the falling Nifty. On the higher end, immediate resistance is visible at 10,770-10,800 where 200DMA is lying. Sustained trades above 10,800 may induce further strong rally in the market.

Source: https://www.moneycontrol.com/news/business/markets/decoding-fo-data-strong-rally-likely-in-january-series-as-long-as-nifty-trades-above-10800-3332441.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Nifty forms 'Hammer' pattern on weekly charts, next crucial target seen at 10,985

The market started off January series on a strong note with the Nifty50 closing above 10,850 levels amid thin trade, extending gains for third consecutive session on Friday. Positive lead from Wall Street and rally in banking & financials stocks lifted investor sentiment.

The index formed bullish candle on the daily charts and 'Hammer' kind of pattern on the weekly scale. It closed a percent higher during the week.

A Hammer which is a bullish reversal pattern is formed after a decline while a Hanging Man is a bearish reversal pattern. A Hammer consists of no upper shadow, a small body, and long lower shadow.

The long lower shadow of the Hammer signifies that it tested its support where demand was located and then bounced back.

After the sharp run in last three sessions, the market is expected to consolidate in coming session, but if its upmove continues then the Nifty50 could move towards its psychological 11,000 levels, experts said.

The Nifty50 after opening sharply at 10,820.95 extended gains as the day progressed and touched an intraday high of 10,893.60. A bit of profit booking was seen in late trade but the index did not break 10,850 levels. It closed 80.10 points higher at 10,859.90.

"Nifty index opened positive and witnessed buying interest towards 10,900 zones. It formed a Bullish candle on daily scale and Hammer candle on weekly scale which implies decline is being bought into the market," Chandan Taparia, Associate Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited told Moneycontrol.

He said now till the index holds above 10,750-10,777 zones it can extend it move towards crucial hurdle of 10,985 levels while on the downside support exists at 10,777 levels.

India VIX fell by 4.98 percent to 15.27 levels.

On the option front, maximum Call open interest (OI) was at 11,200 followed by 11,000 strike while maximum Put OI was at 10,500 followed by 10,000 strikes.

Call writing was seen at 11,200 followed by 10,900 strike while Put writing was seen at 10,800 followed by 10,900 strike. Option band signifies a broader trading range in between 10,650 to 11,000 zones.

Bank Nifty traded in narrow range of 27,050-27,250 zones for most part of the trading session. It formed an Inside Bar on daily scale and Hammer candle on weekly scale which suggests buying is visible at lower levels. The index closed at 27,125.25, higher by 246.70 points from previous close.

"Now till it holds above 26,850 zones it can extend its move towards 27,350 then 27,500 levels while on the downside major support exists at 26,666 zones," Chandan Taparia said.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-hammer-pattern-on-weekly-charts-next-crucial-target-seen-at-10985-3334201.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX SUpport and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Financials' rally boosts Sensex by over 300 points; Nifty eyes 10,900

Market opens The Nifty has begun January series above 10,800, while the Sensex is higher by over 150 points. 

All sectoral indices, barring metals, are trading in the green, with maximum gains visible among banks, pharmaceuticals and automobiles. The Nifty Midcap index is up half a percent.  

The Sensex is up 163.11 points or 0.46% at 35970.39, while the Nifty is higher by 46.90 points or 0.44% at 10826.70. The market breadth is positive as 318 shares advanced, against a decline of 107 shares, while 23 shares were unchanged.

Asian Paints, Vedanta, Titan and Yes Bank gained the most, while Coal India, ONGC and BPCL lost the most. 

RUPEE OPENS The Indian rupee opened higher/lower at 70.05 per US dollar. This is an appreciation of 30 paise in the currency market.

Source: https://www.moneycontrol.com/news/business/markets/market-live-financials-rally-boosts-sensex-by-over-300-points-nifty-eyes-10900-3331801.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Nifty closes higher on expiry day but forms bearish candle; 10,747 crucial for bulls

The Nifty50 extended gains for second consecutive session and closed the last day of December series on a positive note Thursday, but failed to hold on to 10,800 levels. Sharp rally in global stocks boosted sentiment.

The index formed a bearish candle on the daily charts as it closed lower than its opening high levels.

Experts expect the positive momentum to continue in coming sessions if the Nifty holds its crucial 10,747 levels. The January series will begin on Friday, which could see some consolidation.

The Nifty50 started off the expiry day on a strong note at 10,817.90 and remained in a positive terrain amid consolidation throughout the session. The index touched an intraday high of 10,834.20 and low of 10,764.45, before closing 49.90 points higher at 10,779.80.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-closes-higher-on-expiry-day-but-forms-bearish-candle-10747-crucial-for-bulls-3330681.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX Support and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex up over 250 points, Nifty holds 10,800; IT stocks gain

Market opens It is a solid start for equities on Thursday morning, tracking global cues. The Nifty hit 10,800, while the Sensex has also risen around 300 points. 

Among sectors, all of them are in the green, with maximum gains visible among banks, consumption, IT, and metals, among others.  

The Sensex is up 289.36 points or 0.81% at 35939.30, while the Nifty is higher by 84.60 points or 0.79% at 10814.50. The market breadth was positive as 357 shares advanced, against a decline of 78 shares, while 17 shares were unchanged.

Yes Bank, Sun Pharma, and Indiabulls Housing gained the most, while Power Grid, Asian Paints, HPCL and BPCL have lost the most. 

Rupee opens The Indian rupee has opened at 70.20 per US dollar against a previous close of 70.07 per dollar. The currency is down around 13 paise.

Source: Money Control

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Nifty forms bullish candle ahead of F&O expiry, tread with caution

The Nifty50 managed to recoup morning losses in last couple of hours of trade and closed sharply higher on Wednesday, driven by short covering ahead of expiry of December futures & options contracts on Thursday.

The index snapped three-day losses and formed bullish candle on the daily charts, which resembles a Piercing Line kind of pattern.

The strong rally seen in the index took shape of a Piercing pattern which signals a temporary halt to the downtrend. The pattern is formed by two consecutive candlesticks.

The first candlestick is a strong red candle or a bearish candle which is followed by a green or a bullish candle. The bullish candle should cover at least half of the previous day’s red or bearish candle. It is a potential signal for a reversal.

The Nifty50 after opening lower at 10,635.45 (following weak global cues on growth concerns) hit an intraday low of 10,534.55, but managed to recoup losses in last couple of hours of trade and touched a day's high of 10,747.50 on short covering. The index closed 66.40 points higher at 10,729.90.

"Nifty50 appears to have made a strong recovery on the back of huge short recovering, after retracing around 62 percent of its last leg of rally from the lows of 10,333 levels," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

He said this recovery appears to be primarily supported by financials and infrastructure sectors as no other sectoral index gained more than half a percent and advance:decline ratio also skewed in favour of bears which is a cause for concern.

Hence, at this point in time it can be too early to conclude that correction is over at Wednesday's low of 10,534 and trend has reversed, he added.

He said traders will be better off to wait for atleast one day post expiry session to determine the real strength present in this upmove as Nifty50 is still trading below 200 day moving average.

According to Mazhar, more strength can be expected if the said index sustains above its 200 day moving average whose value is present around 10,770 levels. "Meanwhile traders can shift their focus on stock specific opportunities available."

India VIX remained flattish with the marginal gains of 0.17 percent at 15.92 levels. VIX has to hold below 16 zones to get a bullish momentum else tough fight could be back in the market.

On the option front, maximum Put open interest (OI) was seen at 10,000 followed by 10,500 and 10,700 strikes while maximum Call OI was at 11,000 followed by 10,900 strikes.

Meaningful Put writing was seen at all the immediate strikes from 10,650 to 10,500 which suggests that support is intact while Call unwinding was seen at most of the strikes till 11,000 strikes. Option band signifies a trading range in between 10,600 to 10,800-10,850 zones.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bullish-candle-ahead-of-fo-expiry-tread-with-caution-3326781.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

NCDEX Suppport and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex plunges 400 points, Nifty around 10,550; crude oil prices near $50/bbl

Market opens It is a negative start on D-Street, with the Sensex falling over 150 points, while the Nifty tested 10,600.

The Sensex is down 155.73 points or 0.44% at 35314.42, while the Nifty is down 51.00 points or 0.48% at 10612.50. The market breadth is negative as 223 shares advanced, against a decline of 259 shares, while 39 shares were unchanged.

All sectoral indices are trading in the red, with maximum cuts visible among automobiles, IT, metals and pharma seeing the most pain. The Nifty Midcap index is almost half a percent lower. 

Asian Paints, Yes Bank, IOC and BPCL were the top gainers, while HUL, Tata Steel, and Hindalco lost the most. 

ASIA UPDATE Global stock markets were heading into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic momentum.

Asian equities were shaky on Wednesday following the plunge in Wall Street on Christmas eve in the face of a series of unnerving US political developments, including a US federal government shutdown and President Donald Trump’s increasingly hostile stance toward the Federal Reserve chairman.

US Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.

S&P 500 e-mini futures were effectively flat, pointing toward a subdued start for Wall Street when the US market reopens after Christmas Day, when many of the world’s financial markets were shut.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-plunges-400-points-nifty-around-10550-crude-oil-prices-near-50bbl-3324531.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

India becomes world's 7th largest stock market by mcap; stocks that could benefit from its rise

India’s healthy economic growth has helped its stock market become the seventh largest market by size, with a market capitalisation (mcap) of $2.08 trillion. Its stock market has overtaken that of Germany, Europe’s largest economy, for the first time in seven years, according to Bloomberg. The US dominates the global ranking, with $27 trillion mcap, followed by China, Japan, Hong Kong, UK, France and India.

India’s economic growth will continue to propel mcap higher

India’s ascent reflects the growing clout of emerging markets. It also indicates its economy is positioned for sustained growth, even if the manufacturing sector is not firing on all cylinders. The BSE Sensex, the broad market benchmark, is up 5 percent in past one year in terms of local currency and down around four percent in US dollar terms, still outperforming MSCI Emerging Market index that declined 17 percent.

Source: https://www.moneycontrol.com/news/business/moneycontrol-research/india-becomes-worlds-7th-largest-stock-market-by-mcap-stocks-that-could-benefit-from-its-rise-3321791.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Options data indicates short-term trading range of 10,600-10,900

Nifty has taken resistance from previous swing high and formed shooting star candle which is justifying the selling pressure on higher side around the strong psychological mark of 11,000 and 100-DMA at 10,950.

ADX indicator is trading around 17 mark, which is less than crucial levels considered for a trending market, expresses no strength in current trend on either side suggesting market to take support at a lower level and close the month sideways.

However, weekly RSI is still placed near 50 for the last four weeks indicating sideways to positive momentum intact. Also, looking at market movement since 2001, there is 95% probability that markets will have positive Christmas week.

On the downside, Nifty has strong support from the line of parity around 10,700 and 50-DMA at 10,574. A major unwinding of Put writing and shifting of writing to lower strikes was seen on Friday. Option data suggests an immediate trading range of 10,600 and 10,900.

Bank Nifty

Banking index is trading in rising wedge pattern having lower side support around 26,300 and upper trend line resistance is placed near 27,250 levels. Since Bank Nifty is trading above major moving averages, its short-term & mid-term trend is positive and immediate trading range is 27,250-26,300 levels.

Source:https://www.moneycontrol.com/news/business/markets/options-data-indicates-short-term-trading-range-of-10600-10900-3319041.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX Support and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex, Nifty continue downward momentum; midcaps crack

Market opens It’s a positive start to the market on Monday morning, with the Nifty trading one-fifth of a percent higher. 

The Sensex is up 89.93 points or 0.25% at 35832.00, while the Nifty is higher by 21.80 points or 0.20% at 10775.80. The market breath was narrow as 278 shares advanced, against a decline of 164 shares, while 45 shares were unchanged.

Metals and automobiles are the ones to be in the red, while consumption, pharma and PSU banks were gainers. In the broader market, the Nifty Midcap was up quarter of a percent. 

Shares of Infosys, Wipro, and Indiabulls Housing were the top gainers, while Vedanta and Hero MotoCorp lost the most. 

Asian markets trade lower: Asian stocks started in subdued fashion on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering.

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

HDFC Securities sees Nifty hitting 12,400 in 2019; 6 sectors it is talking about

The Nifty target for calendar year 2019 has been set at 12,400, analysts at HDFC Securities shared in a note. They believe that the market could move towards a cautious return-seeking position along with higher volatility.

Among the key events the market will watch keenly next year are Brexit, European Union Parliamentary elections, and general elections in India.

Meanwhile, positive cues for the market include reasonable valuations, sentiment in favour of emerging markets (EMs) should trade risks reduce. Along with it, it is betting on recovery in corporate earnings and seven out of 12 IBC cases getting solved.

The concerns highlighted by investors include reduced spending by government, leading to lower offtake growth in auto, FMCG and media, among others. Further, continued rise in rates by US Federal Reserve along with mutual fund tapering off post general elections could weight, it says.

The research firm shared outlook on multiple sectors. Here is a gist of those themes:

- Consumer: HDFC Securities believes that the sector has lower incremental potential. Its top picks include ITC, Voltas and V-Guard.

- Financials: The brokerage believes one could look for capable managements that are positioned for growth in long term. SBI and BoB, which have better capital and better operating practices will follow secular path.

- IT Services: Recent concerns around threat from digital evolution has misplaced us, it aid, adding that it is confident of growth trajectory at Infosys, TCS and L&T Technology.

- Infrastructure: It likes KNR Constructions and PNC Infratech. Slowdown in ordering could pick up in fourth quarter,

- Oil & Gas and mining: It sees overhang of government policies on pricing and distribution. It likes GAIL, Petronet, IGL and MGL.

- Metals: It recommends avoiding the sector as Chinese slowdown could have strong repercussions.

- Auto and Cement: Near term challenges could keep stock momentum in check. It prefers Ashok Leyland.

- Pharma: It expects pharma to spring a surprise in the coming months.

Source:https://www.moneycontrol.com/news/business/markets/hdfc-securities-sees-nifty-hitting-12400-in-2019-6-sectors-it-is-talking-about-3316931.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Indian ADRs end in red: ICICI Bank, Tata Motors end lower, Wipro falls 4%

In the IT space, Infosys was down 1.94 at USD 9.10 and Wipro plunged 4.09 percent at USD 4.93. In the banking space, ICICI Bank fell 2.74 percent at USD 9.93 and HDFC Bank shed 2.33 percent at USD 100.40.

Indian ADRs ended lower on Friday. In the IT space, Infosys was down 1.94 at USD 9.10 and Wipro plunged 4.09 percent at USD 4.93.

In the banking space, ICICI Bank fell 2.74 percent at USD 9.93 and HDFC Bank shed 2.33 percent at USD 100.40.

In the other sectors, Tata Motors slipped 0.48 percent at USD 12.37 and Dr Reddy's Laboratories was down 1.21 percent at USD 36.84.

Source: https://www.moneycontrol.com/news/business/markets/indian-adrs-end-in-red-icici-bank-tata-motors-end-lower-wipro-falls-4-3317801.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Nifty forms Inverted Hammer pattern on weekly scale; 10,700 crucial for bulls

The Nifty50 fell sharply and wiped out momentum of last six trading sessions to slip towards 10,750 levels on Friday. The index plunged nearly 200 points for the first time in last nine consecutive sessions, forming big bearish candle on the daily charts.

Concerns on global economy growth and threat of partial US government shutdown dented market sentiment globally, but the consistent fall in oil prices continued to support the market.

Experts expect the consolidation to continue in the coming sessions and the index is likely to defend crucial support of 10,700 levels, experts said, adding the trading volume could be low in coming week as FIIs generally go on leave during Christmas and New Year.

The Nifty50 after opening flat extended losses as the day progressed and touched an intraday low of 10,738.65 in late trade. The index closed 197.70 points or 1.81 percent lower at 10,754.

The Nifty lost half a percent during the week due to sharp correction on Friday and formed Inverted Hammer kind of pattern on the weekly scale.

"After a brief outperformace vis-à-vis global markets in the month of December Nifty50 appears to have resumed its downswing, perhaps in solidarity with global trends, as it signed off the last session of the week with a large bearish candle which has erased almost last 5 sessions of labored upmove," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-inverted-hammer-pattern-on-weekly-scale-10700-crucial-for-bulls-3316671.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Rupee trades near day's low at 70.14/USD

Indian rupee is trading near to day's low at 70.14 per dollar, down 44 paise against Thursday's close 69.70.

Yesterday the rupee ended at the highest level against the US dollar since November 30 as crude oil price plunged to the lowest level over a year. It gained 70 paise against Wednesday's close of 70.40 per dollar.

Rupee gained sharply against the US dollar following broader weakness in the dollar and plunge in global crude oil prices. Gains in the rupee were triggered after the Federal Reserve in its policy statement mentioned that rate hike in the coming year could be restricted to two compared to earlier estimates of three rate hikes next year, said Motilal Oswal.

Fed Chairman Jerome Powell said the central bank would continue trimming its balance sheet by USD 50 billion each month, and left open the possibility that continued strong data could force it to raise rates to the point where they start to brake the economy’s momentum.

Today, USD-INR pair is expected to quote in the range of 69.70 and 70.50. Pound failed to break the crucial resistance of 1.2740 ahead of important Bank of England policy statement, wherein the central bank, it added.

Source:https://www.moneycontrol.com/news/business/markets/rupee-trades-near-days-low-at-70-14usd-3314021.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

International Market Update

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex continues to trade lower, Nifty holds on to 10,900; Airtel up 2%

Market opens It’s a mildly lower start to the market on Friday morning, amid weak global cues. The Nifty is holding 10,900-mark. 

Among sectors, Nifty IT index is down around half a percent, while energy and pharma are in the negative zone. Automobile names are trading in the green. 

The Nifty Midcap index is up one quarter of a percent. 

The Sensex is down 31.04 points or 0.09% at 36400.63, while the Nifty was down 16.20 points or 0.15% at 10935.50. The market breadth is positive as 295 shares advanced, against a decline of 107 shares, while 21 shares were unchanged.

Bharti Airtel, Yes Bank, HPCL and Indiabulls Housing are the top gainers, while Infosys, Power Grid and IOC have lost the most. 

Rupee opens The Indian rupee opened at 69.72 per dollar on Friday versus previous close 69.70.

Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-continues-to-trade-lower-nifty-holds-on-to-10900-airtel-up-2-3313861.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Closing Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

MCX Support and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex sees marginal recovery, down over 100 points; Nifty back at 10,900

Market opens It’s a gap down start to the market on Thursday morning, with the Sensex taking a cut of 0.7 percent, while the Nifty has given up 10,900-mark. 

All sectors are trading in the red, with maximum cuts visible among banks, automobiles, energy and metals, among others. The Nifty Midcap index is down around a percent. 

The Sensex is down 259.49 points or 0.71% at 36224.84, while the Nifty is down 78.90 points or 0.72% at 10888.40. The market breadth is negative as 197 shares advanced, against a decline of 264 shares, while 32 shares were unchanged.

Sun Pharma, M&M, and Tech Mahindra are the top gainers, while Vedanta, NTPC, and Hindalco lost the most. 

Rupee opens The Indian rupee has opened at 70.68 per US dollar, a weaker opening compared to previous close of 70.40 per US dollar.

Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-sees-marginal-recovery-down-over-100-points-nifty-back-at-10900-3309991.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Closing Bell

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

NCDEX Support and Resistance Level

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Sensex jumps over 200 points amid mixed global cues; Nifty above 10,850

  

Market opens It’s a strong start to the market on Monday morning, with the Nifty hitting 10,850-mark. The Sensex is up around half a percent. 

The Sensex is up 179.58 points or 0.50% at 36142.51, while the Nifty is higher by 46.30 points or 0.43% at 10851.80. The market breadth is positive as 317 shares advanced, against a decline of 110 shares, whereas 48 shares were unchanged.

All sectoral indices are trading in the green, with metals, energy and pharmaceutical indices leading the top gainers’ chart. The Nifty Midcap index is up around one-third of a percent. 

Vedanta, Power Grid, and NTPC were the top gainers, while Larsen & Toubro, and Zee Entertainment lost the most. 

Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-jumps-over-200-points-amid-mixed-global-cues-nifty-above-10850-3296811.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111