Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget

| More

Don't be in a hurry to book profits, further steam left in the market: Angel Broking

Posted On: 2017-02-02 10:30:40

Daily Market Wrap Up by Mr. Sameet Chavan - Chief Analyst - Technical & Derivatives, Angel Broking.

Technical Outlook

A strong rally post the Union budget announcement was followed by a quiet session for our markets. We saw Nifty consolidating throughout the day in a range of nearly 70 points, however, the overall bias remained strongly positive, which was an encouraging sign for market participants. Eventually, the index managed to close convincingly above the 8700 mark with marginal gains.

It was a day of consolidation for our markets and hence, we do not see any reason to worry for on charts. The momentum is quite strong and traders should look to place themselves in the right (upward) side of the trend. For the coming session, 8672 - 8620 would be seen as a strong support zone; whereas, on the other hand, the Nifty is expected to continue its northward journey towards 8805 - 8893. We now expect individual stocks to outperform and hence, one should keep looking for such potential trades.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Post budget reaction - Mr. Mayur Gandhi, Chief Financial Officer, Schenker India Pvt. Ltd.

Union Budget Reaction - Mr.N.K.Prasad, President and CEO, CAMS

Lords Hotels & Resorts on Union Budget 2017

Union Budget Reactions from Restaurateurs in Mumbai

Twitter records over 700K Tweets with #Budget2017

Budget reaction - Fintech sector - AGS Transact Technologies Limited

Post-Budget View - DTDC Express Limited

Budget reaction - Mahindra Lifespace Developers Limited

Post Budget Reaction - Haier India

CNBC-TV18 Mint Budget Verdict' brings India's policy makers

Comments on Budget 2017 - Mr. Kamlesh Patel, CMD, Asian Granito India Ltd

Post Budget Quote on Healthcare sector - Dr. P. M. Bhujang, President, Association of Hospitals

Union Budget 2017 Reaction - Mr Kamal Nandi, Business Head & EVP, Godrej Appliances

Budget Reaction - Mr Pirojshaw Sarkari, CEO, Mahindra Logistics

Realty Sector Hails The Union Budget 2017 - 18

4 ways the Budget 2017 will benefit Startups - Mr. Sujayath Ali, Co-founder and CEO, Voonik

Union Budget - Reaction - Ecommerce, Travel, Fitness, Cosmetics

Union Budget announcements for Pharma Industry - Khaitan & Co.

Budget Reaction - Khaitan & Co. on Ecommerce and FIPB abolished

Post Budget Reaction - Pradeep Dadha, CEO and Founder, Netmeds.com

Post-budget reaction - Mr. Parth Nyati, COO, TradingBells

Post Union Budget reaction - Mr. Abnish Kumar Sudhanshu, Amrapali Aadya Trading & Investments

Union Budget 2017-18 - Fiscal Prudence combined with Thrust on Rural, Infra & Housing - Reliance Securities

Budget Reaction: Logistics Industry - Anjani Mandal, CEO, Fortigo Network

Reaction on Budget - Radhika Rao, Economist DBS bank

Budget 2017 - Infrastructure sector - Centrum Infrastructure Advisory Limited

Post-budget reaction - Mr. Mustafa Nadeem, CEO, Epic Reseach

A disciplined and sensible budget; rural, housing and consumption sectors get major boost: Angel Broking

Post Budget Reaction - Anshul Mittal, Co-Founder, Konsult

Budget Reaction - Travel and Tourism - RCI India

Budget Reaction - Manufacturing Industry - K. Madhavan, MD, Peps Industries

Budget Reactions - Mr Himanshu Pujara, Managing Director, Euronet Services India Pvt Ltd

Union Budget 2017 - Mr. Manu Agarwal, Founder & CEO of Naaptol

Budget 2017 Reaction - Videocon

Post Budget Reaction - Education / Startup sector

Budget Reaction - Mr. Amit Modi, Director, ABA Corp and Vice President CREDAI Western UP

Post Budget Reaction - Mr. Vikas Khanvelkar, Managing Director, DesignTech Systems Ltd.

Technologies for Skills Development - Union Budget Reaction from eLearning sector - Skillsoft India

Union Budget 2017 Reaction - Truebil - Shubh Bansal - Co-founder and Chief of Marketing

Budget Reaction - Amitabh Chaudhry - Managing Director and Chief Executive Officer, HDFC Life

Budget Reaction - Rushabh Gandhi, IndiaFirst Life Insurance

Post Budget Reaction: Talentedge Ed-Tech firm

Union Budget 2017 - Sameer Segal, Founder and CEO - Artoo

A Budget less on Micro economics and more on Macro economics - Ms. Debadutta Upadhyaya - Co-founder, Timesaverz.com

Taking Ease of Doing Business from India to a Digitally Healthy Bharat - Dinesh Agarwal, Founder and CEO,IndiaMART.com

Budget 2017 seems to be positive for skill development - Mr. Dinesh Goel,Co-Founder & CEO, Hunarr.co.in

Budget measures aimed at empowering women Ms. Neha Bagaria,Co-Founder & CEO, JobsForHer

Hero of Budget 2017 is rural sector - Mr. Vishwavijay Singh, Co-founder, SaleBhai.com

Union Budget View - Mr. Sunil Gupta, Founder & Director, ExportersIndia.com

Budget 2017 - Ms. Sangeeta Banerjee - Co-Founder & CEO - ApartmentADDA



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018