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Nifty close: 6181.60 Sensex close: 20811.44 After a gap-down opening, the market recovered to close 0.53% up for the day. Pharma and Banking stocks saw an increase while Metal and Media stocks went down today. Major Gainers today: Tata Power, Voltas, BHEL Major Losers today: NTPC, JPPOWER, Hind Zinc From the recent low below 6000 spot, Nifty has managed to
Read moreBefore a week, we indicated a cause of concerns for those holding long positions. The mentioned support (last week) of 19400 has held with today’s low of the day is 19416.94 level. Again, we repeat the current consolidation phase has stopped some of the major buyers to stay away from markets. Any bounce of 2% in main equity indices should
Read moreNifty hasn’t been able to sustain above 6000 spot levels which should be a cause of concern for those holding long positions. Overall, the uptrend has softened a bit which has not been truly dominated by short sellers till now. The phase of consolidation has kept some of the major buyers away from buying in around 6050-6100 spot range –
Read moreMarket has seen sideways movements in recent times. We believe the market is likely to have limited upside potential at least till the time 19600 levels are taken-out on upper side in BSE Sensex. Anybody focusing more than short-term should hold on to long positions. Be invested in select stocks to gain or outperform the markets. Good support is likely
Read moreMarket had traded sideways for few days. Selling pressure has been trying to reverse the trend as buyers are not able to support the recent uptrend with ease. Sensex has support at 18980 level and has resistance at 19600. As we wrote before 6 days, crossing 19600 is likely to remain a challenge.
Read moreThe market has traded sideways during last two days as noted in previous ‘Market Outlook’. Overall, many of the market participants are showing caution to the FDI vote and its possible impact on the market. SENSEX has support at 18990 while it faces resistance at 19430 & 19600 levels. We expect the market to continue the upmove with good support
Read moreSENSEX has closed at 19339 levels. It has gained 4.50% this week which is one the few big gaining week 2-3 months’ time. Notably, it has closed at the highest level since April 2011 levels. SENSEX has good support at 18990 levels while resistance is developed at 19430 & 19600 levels. We expect downside to remain limited over the coming
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Dhaval P Vyas Investment Research 