Daily Market Commentary - Sep 7, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Indian market started the day with small gains though the global cues were a mixed bag. But Nifty won't able to hold opening gains and given up. For the major time of the day, Nifty was culturing around yesterday's close. In the last half hour, Nifty recovered and finally settled in green.

-In Nifty, the first five gainers are Infratel, HDFClife, Drready, ITC, Hinduniliver. Whereas major losers were M&M, UPL, Bajfinance, Gail, and NTPC draggers.

Market breadth remained neutral. India Vix contracted by 0.75% closed above 22.

Going forward, major support will be seen around 11200 and Resistance will be 11594.

Source : Equity Bulls

Keywords