Market Morning Notes For 3rd May 2024
Markets witnessed listless trading activity on Thursday with Nifty ending with modest gains while Bank Nifty settled with marginal losses. At the current juncture, major push for markets is expected...
View ArticleMarket Morning Notes For 6th May 2024
Markets for the week ended with marginal gains after Friday’s decline wiped out most of the weekly gains and led to the formation of gravestone doji on candlestick. Gravestone doji in the past has been...
View ArticleMarket Morning Notes For 7th May 2024
Market activity remained muted with Nifty forming inside bar like candle and is holding firmly above Friday low. The outlook for market remains positive given bullish formation of rising three methods...
View ArticleMarket Morning Notes For 8th May 2024
Markets succumbed to selling pressure on Tuesday on back of uncertainty ahead of election results with India VIX climbing above 17 and Nifty Bank declining more than 1%. At present, Bank BEES i.e. Bank...
View ArticleMarket Morning Notes For 9th May 2024
Markets witnessed the last round of selling on Tuesday to force Nifty back towards 22,600 after an initial attempt to cross all-time high. Despite volatility, the outlook for market remains robust and...
View ArticleMarket Morning Notes For 10th May 2024
Markets witnessed wider cracks on Thursday, with Nifty 50 breaching psychological support of 22,000 on concerns that the NDA is unlikely to garner convincing majority in the Lok Sabha election, due to...
View ArticleMarket Morning Notes For 13th May 2024
Markets for the week succumbed to selling pressure with Nifty 50 declining around 2% on concerns that ruling party is unlikely to get convincing majority to cross 272 mark. With US markets still...
View ArticleMarket Morning Notes For 14th May 2024
Markets witnessed wild swings on Monday with Nifty opening lower by 200 points and later stabilising to finally settle with modest gains led by Nifty Bank. Nifty has led to formation of double bottom...
View ArticleMarket Morning Notes For 15th May
Markets extended gains on Tuesday post formation of hammer pattern on Monday and with formation of small bullish candle. It is highly likely now that a major bottom is already in place. At present,...
View ArticleMarket Morning Notes For 16th May
Market activity remained listless on Thursday, with broader markets outperforming the key indices while Nifty Bank settled with loses. With Nifty closing in the positive terrain, we expect positive...
View ArticleMarket Morning Notes For 17th May
Market bounced back sharply in last hour of trade with market breadth turning positive. Action was seen in broader markets especially the capital good space with stocks rallying across the board. We...
View ArticleMarket Morning Notes For 21st May
Markets for the week settled with gains of 2% with formation of bullish piercing line pattern on candlestick on Nifty 50 Index while movement in Nifty Bank remained subdued with gains limited to 1%....
View ArticleMarket Morning Notes For 22nd May
Markets on Tuesday ended with modest gains after initial hour of losses with major contribution coming from metal sector which was up 4% helping Nifty to close above 22,500. At the current juncture,...
View ArticleMarket Morning Notes For 23rd May
Markets managed to end in positive terrain after initial hours of losses with gains mainly contributed from Reliance industries while banking index ended in the red. Crucial level to watch in today’s...
View ArticleMarket Morning Notes For 24th May
Nifty unfolded a blowout rally in a weekly expiry session yesterday and the index gained close to 400 points after a flat opening. The Nifty broke out of the crucial levels of 22,600 and closed at...
View ArticleMarket Morning Notes For 27th May 2024
Markets for the week extended gains with Nifty posting weekly closing well above all time high despite India VIX rallying towards 22. At present, the Nifty is clearly in breakout mode from parallel...
View ArticleMarket Morning Notes For 28th May 2024
Markets cooled from day’s high after surging nearly 150 points to finally end in marginal negative terrain to claw back below the 23,000 mark in the Nifty 50, while the Nifty Bank managed to post gains...
View ArticleMarket Morning Notes For 29th May 2024
Nifty ended flat for the third consecutive day after a big blowout rally seen on Thursday in last week’s trade. Cautiousness is seen ahead of the general election outcome. Nifty has gained over 1200...
View ArticleMarket Morning Notes For 30th May 2024
Nifty ended with nearly 200 points cut and closed below its previous 2 session’s lows. Volatility is expected to persist in the coming days. India VIX continues to remain elevated at 2- year highs as...
View ArticleMarket Morning Notes For 31st May 2024
Markets witnessed 1% cut on back of uncertainty ahead of the election outcome with risk of NDA not gaining complete majority created in a tremble in broader market but Nifty Bank managed to settle with...
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