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[hfe_template id='11223'] [ad_1] Indian markets managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. Analysts expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from the US market. STATE OF THE MARKETS Tech View: Immediate support is placed at 23,600, and a decisive drop below this level could drive the index toward 23,300. On the upside, resistance is at 23,800, and a breakout above this level may resume the rally. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.7% to settle at 13.79 levels. Stocks in F&O ban today 1) Manappuram 2) Hindustan Copper Live Events 3) Polycab4) IndusInd Bank5) SAIL Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. FII/DII action Foreign portfolio invest...

[hfe_template id='11223'] [ad_1] Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains "After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound amid uncertainty with regard to US elections to be held next week. However we could continue to see sector and stock specific action as more companies announce their quarterly earnings," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,439, signaling that Dalal Street was headed for muted start on Wednesday. Tech View: Nifty could take support from the above band while on upmoves it can face resi...

[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

[hfe_template id='11223'] [ad_1] Domestic markets succumbed to weak global cues as plunged over 2%, fueled by escalating tensions in the Middle East and sharp rise in crude oil prices. "Geopolitical uncertainty and concerns over a potential decline in foreign inflows have spooked the markets. With Nifty breaching multiple supports—such as the 20-day exponential moving average (DEMA) around the 25,580 level and trendline support near 25,350 — the market could face further downside," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions: STATE OF THE MARKETS Tech View: Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking. India VIX: India VIX,...

[hfe_template id='11223'] [ad_1] Domestic markets, after a lacklustre start on Tuesday, came under pressure and closed with losses, marking a second straight day in the red. "We expect the market to continue its consolidation mode due to the lack of any major positive trigger. However, investors should use this dip as a buying opportunity in quality stocks especially large-cap where valuations are still comfortable," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive start.Nifty futures on the Gift Nifty traded 80 pts higher at 24,237. Tech View The recent swing high of 24,472 seems to be a lower top for the Nifty as per daily time frame chart. A slide below another lower support of 24,000-23,900 levels could trigger a reasonable downward correction in the market. Immediate resistance is placed at 24,350 levels, said Nagaraj Shetti...