Daily Market Commentary - Sep 15, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Indian market started the day in green on the back of bullish global cues. Nifty continued recovery thanks to the IT sector which hold it in green to initially in last hour banking also helped it to push the Nifty above 11500.

In Nifty 50, the first five gainers are Indusind, Cipla, UPL, Bharti and Axisbank. Whereas major losers were Titan, Maruti, Hdfclife, Eichermotor and ITC.

Market breadth remained in favor of Bulls. For every two gainers, there was a loser. India Vix contracted by 3.75% closed below 20.50.

Going forward, major support will be seen around 11185 and Resistance will be 11610.

Source : Equity Bulls

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