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

| More

Outstanding performance by the bulls; Nifty ends around 15250: Angel Broking

Posted On: 2021-03-03 19:53:49 (Time Zone: Arizona, USA)


Market Wrap-up by Mr. Ruchit Jain (Senior Analyst - Technical and Derivatives, Angel Broking):

"Nifty started the day with a decent gap up well above the 15000 mark. The index then crept higher towards the swing high of 15175. Just when it looked that the Nifty is facing some hurdle towards that swing high and saw some dip, the index heavyweight RIL took the leadership to take out that resistance and then we witnessed a swift upmove in the last hour to end the day around 15250, with gains of over a couple of percent.

Once again, post the recent correction, our markets have managed to show a V-shaped recovery and that is a usual character of a strong bull market. At the start of the week, we were sceptical of the upmove and were reading it as a pullback as both Nifty as well as BankNifty had breached their swing lows. However, as the chart structure changes, we have to follow the markets and today we saw a change in the structure as the index breached the crucial resistances post the gap up. A continuation of this upmove could lead the Nifty towards its previous highs of 15430 whereas the 'hourly 20 EMA' around 15000 would be seen as a crucial support. In last couple of sessions, the banking index was showing some relative underperformance, but it regained the momentum in today's session (along with other heavyweights) which led the benchmark higher.

The Nifty Midcap index has already been doing well and stocks from the broader markets are providing good trading opportunities. Thus, we continue with our advice to look for stock specific buying opportunities and trade with proper risk management."


Source: Equity Bulls

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


Other Headlines:

Daily Markets - May 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - May 14, 2021 - Reliance Securities

Daily Market Commentary - May 14, 2021 - Bonanza Portfolio

Post Market views - May 14, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 14, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 12, 2021 - Reliance Securities

Daily Markets - May 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 12, 2021 - Bonanza Portfolio

Post Market views - May 12, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 12, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Index corrects on weak global cues, but broader markets outperform : Angel Broking

Technical View - May 11, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 11, 2021 - Bonanza Portfolio

Rupee - May 11, 2021 - Reliance Securities

Daily Markets - May 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 11, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 10, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Bulls knocking doors of 15000 mark again : Angel Broking

Daily Market Commentary - May 10, 2021 - Bonanza Portfolio

Rupee - May 10, 2021 - Reliance Securities

Daily Markets - May 10, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 10, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Market defends key levels, real action seen in numerous themes : Angel Broking

Rupee - May 7, 2021 - Reliance Securities

Daily Markets - May 7, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 7, 2021 - Bonanza Portfolio

Post Market views - May 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 7, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Slowly and steadily market continues its upward march : Angel Broking

Daily Market Commentary - May 6, 2021 - Bonanza Portfolio

Post Market views - May 6, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 6, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 5, 2021 - Reliance Securities

RBI Governor boosts traders' sentiments, Nifty reclaims 14600 : Angel Broking

Daily Markets - May 5, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 5, 2021 - Bonanza Portfolio

Technical View - May 5, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 4, 2021 - Reliance Securities

Technical View - May 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 4, 2021 - Bonanza Portfolio

Daily Markets - May 4, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - May 3, 2021 - Reliance Securities

Daily Markets - May 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 3, 2021 - Bonanza Portfolio

Daily Markets - April 30, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Tail end correction spills water on bulls' comeback : Angel Broking

Post Market views - April 30, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 30, 2021 - Reliance Securities


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

disclaimer copyright © 2005 - 2020