Domestic Market View Nifty : Yesterday there was range bound movement only, there is no major news in market and VIX is at lowest level of last 1-1.5 years. So market will be in some more days of consolidation. Small support at 11530 as per the low of Bearish flag, Formation of Bearish pattern going on, But wait for Proper Breakdown, Last support for Nifty is 11470, if closes below that then slide till 11350…
Domestic Market View Nifty : As alerted in Previous Daily Reports and it came down from the Resistance of 11630, It’s not easy to…
Few Years Back in my 11th Grade I read that Nifty is a Benchmark Index, but today’s reality is it’s just a “dummy Index”.…
Domestic Market View Nifty : Yesterday Nifty closed below 11500, but respected the trend line support of 11470, Now as per Asian market which already in heavy gains due to rate cut hope by US Fed chairman Jerome Powell, expect Nifty to open gap up up-to 35-45 points. Nifty support near 11470, Resistance at 11575-11630. Overall expect it to be in Range of 11470-11630. Heavy Resistance is there at 11630 levels a close above this…
Domestic Market View Nifty was in Heavy volatile range, Overall it touched lower level of 11450 which was the support of Slope up trend…
Domestic Market View Nifty closed by 250 points Yesterday Because there was no clarification on Surcharge on some FPI Parties, like AIF-3 FPI Participants,…
Domestic Market View Nifty Down by 130 points on Friday session as some of Budget Announcement were not good for Market like No Announcement for Auto sector, Taxation on Buy Back, Change in Promoter Holding (Proposed only). Some good news was there in Housing Finance Sector ( Govt. Clarified after market ends) that PSU Bank can Buy Assets of Weak Housing Finance Companies. Market will be more volatile because of news about promoter holding, If…
Domestic Market View Nifty : A decisive day for Market, Expiry plus market near Top levels of Range, Soon there will be a trend…
Domestic Market View Nifty : After yesterday 100 points rally, nifty likely to form short term bottom in between 11650-11630, now expectations are after…
Domestic Market View Nifty : Yesterday whole Consolidation day was there as expected, Overall Today View is Slight Negative with range bound movement, High Call writing at 11800 and above calls will restrict upside of market. Downside market will get critical Level of 11600. A Break and sustain below 11600 will open doors for 11400. Otherwise Market would be in range of 11830-11630. Support : 11670-11600, Resistance 11735-11770. VIX at 15.22, VIX likely to rally…