In today’s trading session, Nifty opened in green thereby making a fresh high again which stood at the 16320.75 mark. But as time passes, Nifty came back in red. For the past two months, Nifty was in a consolidation mode and trading around 15450—15950 levels. However, later on, manages to
After thrashing new highs for three successive sessions, Nifty slipped and ended in the red. Moreover, RBI policy remains unchanged thereby meeting the expectations in order to contribute very little to the market. Consequently, their main intent was an economic recovery which got hit by Covid-19. For the past one
HDFC Bank, India’s prominent loaning private bank has recently stated a fall in standalone net profit by 1.7 percent which stood at Rs.3,000.7 crore as against Rs.3,051.5 crore YOY. Moreover, the profit numbers were more than the estimation predicted by analysts. The Bank also stated a fall of 10.45 percent
Yesterday i.e. 4th August, Nifty breaks another record and ended at 16258 levels. For the three successive sessions, Nifty is performing tremendously. Thus, Bull Run continues in yesterday’s trading session. Moreover, a smooth rally is seen in Banking and Financial stocks headed by the quarterly earnings results. Furthermore, Nifty50 upsurges
India’s largest loaning bank (SBI) has reported its quarterly results with a hike of nearly 55% in net profit and stood at Rs.6,504 crore YOY. In the previous year’s quarter, the profit was Rs.4,189.34 crore which over the year rises and beats the estimates. Thus, SBI Q1 results impacted the
In the last two trading sessions, we have seen a good upside rally in it. Bank Nifty bounced back sharply from lower levels and now trading around 35900 levels. Traders should keep an eye on 36100 levels as it looks trendy on the chart. Look at the weekly chart, Bank
In yesterday’s trading session, we have seen that the Indian stock market has created a history of lifetime high as Nifty mounted 16000 mark. Moreover, not just the 16000 mark but also ended up with a high of 245 points which stood at 16,130 points. In intraday trade, the BSE
Yesterday again range-bound trading we have seen in Indices but some stocks performed amazingly well like Tata power, Piind, etc. Auto stocks underperformed after auto vehicle numbers. Sales increased but not up to the mark. On the other hand, Bank Nifty is trading sideways but bias is negative. Nifty PCR
Last week, we have seen a low volatile market, especially in Bank Nifty. Stocks are sluggish especially PSU stocks. In today’s trading session, SGX is trading with a positive note and trading around 15890. We are still waiting for a healthy breakout above 16000 levels which is a psychological level.
Yesterday, we clearly indicated to sell Nifty future below 15690 for the downside target of 15625—15550. Not only this… We recommended buying in Nifty again around 15625—15550. Again skyrocketed and crossed the 15700 mark Now, what to expect from here onward??? Nifty futures has resistance at 15770—15830. Short covering expects
