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

| More

Nifty reclaims 10700, courtesy to Reliance and banking counters: Angel Broking

Posted On: 2018-04-29 09:41:26

Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"The day belongs to the optimistic traders as we witnessed a good global driven rally with some impetus provided on the domestic front. It started with a decent gap up opening and then a follow up momentum to reclaim the 10700 mark. Despite marginal profit booking at higher levels, the index managed to hold its position well inside the positive territory.

Now, the recent hurdle of 10640 has been crossed on a closing basis and thus, we may see extension of this move towards 10750 - 10800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10640 - 10600 (earlier hurdle becomes support) from 10495. Hence, going ahead, traders should trade with a stock specific positive bias and look to lighten up positions around 10750 - 10800. At this juncture, we are a bit unsure whether market has enough strength to surpass 10800 or not. Hence, one need to keep booking timely profits and should rather shift stop losses higher at 10640 - 10600.

Thursday's tail end surge we were interpreting as an expiry factor. But, the way some of the banking stocks surged today was quite remarkable. In addition, the 'Oil and Gas' heavyweight continued its upwards trajectory and went on to touch the 4-digit mark ahead of its quarterly earnings."


Source: Equity Bulls

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





Other Headlines:

Large caps and blue chips leading momentum for coming week market : Epic Research

Nifty has a strong support for 11295-11235 for coming week - Equity99

Keep using declines, further legs to unfold: Angel Broking

Economy Update: Monetary Policy - Kotak

Nifty eying 11400 - 11500, keep participating without any hesitation: Angel Broking

RBI policy leading the coming week market : Epic Research

Nifty enters uncharted territory, still long way to go: Angel Broking

Hitting record highs is merely a formality now: Angel Broking

Heavyweights results will drive market for next week : Epic Research

Market gearing up for new highs: Angel Broking

Midcap index is in process of bottoming out: Angel Broking

Expect choppy moves in index, better to continue with stock centric approach: Angel Broking

Crude price and its impact will drive coming week market - Epic Research

Benchmarks once again stuck in a range: Angel Broking

Metals, real estate and fertilizers to perform well in July series : Epic Research

Majority of longs have been lightened - The Rollover Report: Angel Broking

Markets in a corridor of uncertainty: Angel Broking

10650 - Probably a trend deciding level: Angel Broking

All's well that ends well: Angel Broking

OPEC meet and trade war fear will keep the markets jittery : Epic Research

10700 - 10650 remains to be a crucial support: Angel Broking

Boredom continues as index gyrates in a slender range: Angel Broking

US-Sino trade war hits risky assets hard: Angel Broking

North Korea and the US finally smoke the pipes of peace: Angel Broking

IIP gets closer to 5% mark for April: Angel Broking

Stronger hands writing Index Puts - Angel Broking

Index continues its lethargic move: Angel Broking

Nifty reluctant to remain below 10558: Angel Broking

Market Quote by Anita Gandhi, Whole Time Director at Arihant Capital Markets

Market Quote by Gaurav Jain, Director, Hem Securities

Karnataka Election and Q4 Result is trigger for coming week market - Epic Research

Some hopes built ahead of Karnataka elections: Angel Broking

Market outlook - Sanjeev Zarbade, Vice-president-PCG Research at Kotak Securities

10690 earns respect from traders: Angel Broking

Some life seen in PSU banks: Angel Broking

DBS Economics & Strategy: This Week: Firm growth, hawkish undertones

Market outlook by Teena Virmani, Vice President - Research at Kotak Securities Ltd.

Q4 result will drive market in coming week : Epic research

Action pack week coming up next - Rahul Sharma, Senior Research Analyst at Equity99

10800 remain to be a sturdy wall: Angel Broking

Week gone by - Market Quote - Anita Gandhi, Whole Time Director at Arihant Capital Markets.

Week gone by - Market Quote - Gaurav Jain, Director, Hem Securities

Long Rollovers hints extension of ongoing move: Angel Broking

Reliance is widely expected to post an increase in Q4 - Epic Research

Market outlook - Sanjeev Zarbade, Vice-president - PCG Research, Kotak Securities

Weekly Market Outlook - Rahul Sharma, Senior Research Analyst - Equity99

Expiry factor pushed index beyond 10600: Angel Broking

DBS Macro strategy: INR volatility weighs on carry appetite

Market View - April 25, 2018 - Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

Market View - BNP Paribas Mutual Fund - April 23, 2018





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

disclaimer copyright © 2005 - 2018