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Today’s Sensex

Market outlook of 30th May, 2018.

Rally stands and faces resistance near 10700-10720; index closed lower, led by bank and financial, a trading range is visible in Nifty i.e. 10400-10700. Nifty index failed to hold above 10700 marks and wiped out its entire gains of the…

Market Outlook of 29th May, 2018.

Rally extended for the third day; trading near its resistance at 10700; all sectoral indices closed higher except Nifty IT. Nifty index opened with a gap up and extended its gains towards the 10710. It formed a bullish candle on the daily…

Market Outlook Of 28th May, 2018.

Nifty extended rally for the second consecutive session, closed above 10600; trading inside its resistance zone 10600-10700. It was another volatile week for the Nifty 50 index, as it declined to an intra-week low of 10417 before bouncing…

Market Outlook of 24th May, 2018.

Big decline in Nifty brings index near 10400 supports; today may have been an exhaustion day with panic selling. Nifty index failed to cross the previous day’s high and corrected towards 10420. It is making lower highs-lower lows for last 6…

Market Outlook of 23rd May, 2018.

Sixth day lucky after five days of falling, nifty finally closely higher intermediate trend remains down; rally may face resistance around 10600. Nifty index traded in a range of 50-60 points throughout session and closed near its 50 day…

Market Outlook of 22nd May, 2018.

The index slipped for a 5th consecutive session in a row. Nifty open positive but failed to gather momentum and close marginally above its crucial support. The Nifty index continued its selling pressure and has been forming lower highs-…

Market Outlook of 18th May, 2018.

Nifty extend losses for the second consecutive session, ended below 10700; Midcap outperformed today. Nifty index failed to cross above 10785 zones and witnesses selling pressure on last session. If it holds below 10725, then weakness could…

Market Outlook of 17th May, 2018.

Nifty ended below 10800 as uncertainty still ahead regarding the Karnataka elections; the index came back in a trading range 10700-10900. Nifty index opened gap down and remained volatile throughout session. Index negated the formation of…

Market Outlook of 14th May, 2018.

Nifty closed higher above 10800; a trading range inside 10600-10800 of last 10 days has broken on upside; metal, NBFC and bank shines today. Nifty index opened gap up and witnesses sustain buying interest till the end of the session. It has…

Market Outlook of 11th May, 2018.

Nifty closed lower near 10700; a trading range inside 10600-10800 remained intact for last 9 trading days. Nifty index opened positive but failed to surpass 10785 and corrected towards 10700. It found supply near previous week’s high of…

Market Outlook of 10th May, 2018.

Nifty ended on the positive note followed by IT and PVT Banks; a trading range inside 10600-10800 remained intact; may see a breakout soon from this range. Nifty index opened flattish but managed to hold its immediate support of 10680-10690…

Market Outlook of 9th May, 2018.

Nifty ended flat after opening with a gap up; intraday movement was very volatile; a trading range inside 10600-10800 remained intact from last 7 days; outperformance in Bank Nifty continued. Nifty index opened positive but follow up buying…

Market Outlook of 8th May, 2018.

Nifty bounced back from 10600 support zones; closed higher by almost 1% but still trading below 10800 resistances. Nifty index opened positive and sustained buying was seen throughout the session. As long as it holds above 10680, it can…

Market Outlook of 7th May, 2018.

Nifty continued its decline for the third day; all sectoral indices end in then red except Nifty Bank; 10800 act as a strong resistance. Nifty index opened flat and remained under pressure throughout the session. Nifty has been making lower…

Market Outlook of 4th May, 2018.

  Nifty continued its decline; momentum is waning; 10800 acting as a strong resistance. Nifty index made an opening high at 10720 and remained under pressure with support in the 10638-10650 zones.  Nifty closed negative on the 2nd session.…

Market Outlook of 3rd May, 2018.

A gap up and then a sharp intraday decline; Nifty closed with minor losses ahead of Fed meeting outcome. Nifty index opened gap up but failed to hold the gains and corrected towards the 10690. Index closed negative and negated the formation…

Market Outlook of 30th Apr, 2018.

Big breakout in Nifty pushes index towards 10700; Bank Nifty also come out from range and could also participate in rally; rupee weakness may help Pharma and IT stocks to outperform. Nifty index opened gap up and continued to witness buying…

Market Outlook of 27th Apr, 2018.

Nifty still trading range; index closes at the top edge of the range; a move above 10640 should signal more upside; bearish below 10510. Nifty index remained range bound for most part of the day and then witnesses buying in the last half an…

Market Outlook of 26th Apr, 2018.

Still in a trading range – Nifty support around 10510 and resistance around 10640; last 7 days move inside a small 130 points range. Nifty index remained range bound for first half then witnessed selling pressure in the last one hour of the…

Market Outlook of 25th Apr, 2018.

Nifty closes higher above 10600; trading at resistance zones near 10620; narrow trading suggests big move is ahead. Nifty index managed to hold above 10565 and headed towards 10636. It witnesses buying interest on declines as supports are…

Market Outlook of 24th Apr, 2018.

Choppy markets with minor Nifty gains as index continues to face resistance around the 10620 zone. Nifty index formed a wider range between 10514 and 10638. The index witnessed buying interest in morning dips, but saw selling pressure at…

Market Outllook of 23rd Apr, 2018.

Nifty index remained in a broader range and witnessed recovery from 10520 zones to close on a flattish note. It formed a Doji candle with long lower shadow which indicates that decline is being bought as it got stuck in range ahead of the…

Market Outlook of 20th Apr, 2018.

The index is still trading very choppy & narrow. Prices are finding intraday support at 10495 & resistance at 10600. Nifty remained in a narrow range for the entire session. It finally negated its higher highs formation after 14…

Market Outlook of 19th Apr, 2018.

Nifty index opened positive but failed to surpass 10,600 and slipped towards 10,500 zones. It continued its higher highs formation for last fourteen consecutive trading sessions but witnessed selling pressure in the second half of session…

Market Outlook of 17th Apr, 2018.

Nifty index opened gap down but witnessed sustained buying interest throughout the trading session to settle near day's high. It recovered sharply from 10396 levels and formed a Bullish Marubozu Candle on the daily scale which implies…

Market Outlook of 16th Apr, 2018.

The Nifty index extended its weekly gains for 3 week in a row, a mid choppiness. The index has advanced 149 points or 1.45% last week. Nifty index opened gap up but witnessed selling at higher levels and corrected towards 10,450. Index has…

Market Outlook of 13th Apr, 2018.

Nifty index managed to hold above 10400 zones and headed towards 10470 levels. It formed a Bullish candle on the daily scale and has been making higher highs from last nine consecutive trading sessions. It managed to close above immediate…

Market Outlook of 10th Apr, 2018.

Nifty rally continues with Index coming close to first resistance of 10450 target; if breaks most likely it happens then 10600. Nifty index continued from higher highs for sixth consecutive session  and headed towards 10450. It closed above…

Market Outlook of 9th Apr, 2018.

Nifty, Bank Nifty traded very choppy and narrow. Nifty index opened flat and remained range bound for most part of the session. As long as it holds above 10276 it can extend its move towards 10440, while supports at 10222 then 10180.…

Market Outlook of 6th Apr, 2018.

Easing concerns over the trade war between US and China; Pull back Nifty to closed up 197 Points, the most since 25 May, 2016; Nifty on track to 11450 target; World markets find support at previous lows. Nifty index opened gap up and…

Market Outlook of 5th Apr, 2018.

Markets fall due to trade war concern between US - China; Multiple levels support at 10000-10050; focus on good quality stocks, avoid small caps. Nifty index failed to hold above its crucial resistance at 10276 and witnesses sustained…

Market Outllook of 4th Apr, 2018.

Market recovers from intraday low; close with gains.          Nifty index opened flattish but managed to hold above 10171-10180 and witnessed a rally towards 10255 in the last hour of trade. It managed to close above previous week's high.…

Market Outlook of 2nd April, 2018.

New Financial Year, New beginning of April Expiry suggest, 10000 hold on the cards and could be April for the Bulls and can rally towards 10300 and 10600. Nifty index opened negative by taking cues from weakness of global markets. After its…

Market outlook of 28th Mar, 2018.

Nifty gains continues  as world markets join relief rally; April month likely to be much better , bullish and relief rally expected after 11% correction comes from high in March month. Nifty index opened gap up, tested the support at 10141…

Market Outlook of 27th Mar, 2018.

Probably market is at the end of correction; expect April to benefit the bulls. Nifty index managed to hold previous day’s low of 9951 and witnessed a strong rebound of around 200 points from its intraday low. Nifty crossed very decisively…

Market Outlook of 26th Mar, 2018.

Global markets spook markets; Indices are expected to end the month in the red. Expecting trade wars concerns spooked the market, with indices across the globe skidding last week. Indices fell nearly 2% to a five month low. Both the Nifty…

Market Outlook of 23rd Mar, 2018.

Narrow ranges, intraday volatility, failure to cross resistance – Nifty without direction, remains choppy. Nifty index opened positive, but failed to surpass previous day’s high of 10227 and slipped towards 10100. Nifty is hovering near to…

Market Outlook of 7th Mar, 2018.

Nifty continues with its down move; Last hour sell off drags index lowest closing since mid December. Yesterday the nifty took its losing streak to the 5th consecutive session, breaking its decisive 10300-630 range to confirm a downtrend.…

Nifty and Sensex of 14th Feb, 2018.

Volatility is cooling off. Choppy and narrow trade continued in Nifty Global volatility is also cooling off and most of the world markets closed in green. Nifty opened at 10518 with a gap of +64 points and finally closed at 10539.75 with a…

Sensex Updates of 8th Feb, 2018.

Open above 10600, but shed 148 points in intraday, closed below the support level of 10530. Short term market trend looks weak. Intermediate trend remains down. Avoid trading , wait for current volatility to cool off : Nifty opened at…

Trading Updates of 11th Jan, 2018.

Four days of narrow range in Nifty : getting ready for big move in next few days ; direction should be up; Nifty View : Nifty opened – 10638.00  Intraday low - 10610.30        Intraday high - 10665.30           Closed – 10650.20           …

Stock Market News Of 28th Dec, 2017.

December expiry ended with a gain of almost 230 Points :  Nifty View : Nifty opened - 10498.20 with a minor gap up of just 8 Points. Intraday High - 10534.55          Closed - 10477.90               Loss - 13 Points Gains contributed by…

Share Market News of 26th Dec, 2017.

Large range breakout in Nifty; Stay long in Nifty with suggested stop loss; Look for buying in Bank Nifty; Nifty View : Nifty opened – 10512.30 with a gap up of just 19 Points. Intraday High – 10531.50                 Gain – 38 Points Gains…

Trading Updates Of 22th Dec, 2017.

Contraction in Nifty; Bank Nifty for past 4 days; Look for buying opportunities only; Nifty View : Nifty opened – 10457.30 with a gap up of just 17 Points. Intraday High – 10493              Closed – 10500              Gain – 52 Points…