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  • Mtechtips Equity Index Market News

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    MTECHTIPS EQUITY INDEX MARKET NEWS MTECHTIPS:-NIFTY Nifty gave a negative opening taking cues from the world markets, the indices witnessed a range bound trading session with negative bias. The markets witnessed sustained selling, and the index closed the day around day’s lows failing to recover. The markets dipped on sustained selling to close well below the 5400 levels.Nifty has taken support in Andrew Pitchfork and if 5310 is held on downside then market can rally after 3days of fall. Nifty has been making lower low for 4days, for any reasonable recovery Nifty has to cross 5365 on sustainable basis for 5410 & 5480. Today nifty has to cross 5355 and hold 5315 only then some positivity could come in & revive the market sentiment, so as to boost possible support based buying towards 5375 & 5410. On the flip side if Nifty goes below 5310 and closes below 5290 then the chances of further correction towards 5260-5220, Gap-up levels are high. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market did not recover from intraday lows, and closed the session with sharp losses.Sensex has taken support around 17570 and on 14/August low was 17572 and if 17570 support sustains then higher levels can become possible. Today Sensex has to hold 17620 levels and cross 17750 on a closing basis if it has to make any positive up move towards 17900-18000 levels in the days to come. However, If 17590 is broken then a possibility of 17500-17400 levels cannot be ruled out given the circumstances, due to heavy selling pressure, Due to intense selling pressure. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a negative trading session, the index dipped sharply as the banking stocks lost heavily on sustained selling after the RBI announced its annual report. Banks like SBIN, AXISBANK, ICICI BANK, YES BANK saw huge amount of selling & weakness still persists in the stocks. The bank index in yesterday’s trade has broken and sustained below the crucial supports of 10200, negative signal. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10000 will be a negative signal for the index and we may soon re-test the supports of 9800. The bank nifty will now face stiff resistance above 10400 levels, and if it manages to trade above these levels we may gain witness testing of 10600 and higher levels in coming days. The bank index is in an uptrend so any move below 1000 levels will negate the trend and open up lower levels in coming sessions. MTECHTIPS:-CNX IT The Technology index bucked the general trend and gained on sustained buying seen in the sector on hopes of economic reforms in the US which in turn will help the technology stocks. The levels around 6050 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5950 levels also. The CNXIT if manages to break out and sustain above the 6200 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains positive for the day.

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    MTECHTIPS EQUITY INDEX MARKET NEWS MTECHTIPS:-NIFTY Nifty gave a negative opening taking cues from the world markets, the indices witnessed a range bound trading session with negative bias. The markets witnessed sustained selling, and the index closed the day around day’s lows failing to recover. The markets dipped on sustained selling to close well below the 5400 levels.Nifty has taken support in Andrew Pitchfork and if 5310 is held on downside then market can rally after 3days of fall. Nifty has been making lower low for 4days, for any reasonable recovery Nifty has to cross 5365 on sustainable basis for 5410 & 5480. Today nifty has to cross 5355 and hold 5315 only then some positivity could come in & revive the market sentiment, so as to boost possible support based buying towards 5375 & 5410. On the flip side if Nifty goes below 5310 and closes below 5290 then the chances of further correction towards 5260-5220, Gap-up levels are high. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market did not recover from intraday lows, and closed the session with sharp losses.Sensex has taken support around 17570 and on 14/August low was 17572 and if 17570 support sustains then higher levels can become possible. Today Sensex has to hold 17620 levels and cross 17750 on a closing basis if it has to make any positive up move towards 17900-18000 levels in the days to come. However, If 17590 is broken then a possibility of 17500-17400 levels cannot be ruled out given the circumstances, due to heavy selling pressure, Due to intense selling pressure. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a negative trading session, the index dipped sharply as the banking stocks lost heavily on sustained selling after the RBI announced its annual report. Banks like SBIN, AXISBANK, ICICI BANK, YES BANK saw huge amount of selling & weakness still persists in the stocks. The bank index in yesterday’s trade has broken and sustained below the crucial supports of 10200, negative signal. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10000 will be a negative signal for the index and we may soon re-test the supports of 9800. The bank nifty will now face stiff resistance above 10400 levels, and if it manages to trade above these levels we may gain witness testing of 10600 and higher levels in coming days. The bank index is in an uptrend so any move below 1000 levels will negate the trend and open up lower levels in coming sessions. MTECHTIPS:-CNX IT The Technology index bucked the general trend and gained on sustained buying seen in the sector on hopes of economic reforms in the US which in turn will help the technology stocks. The levels around 6050 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5950 levels also. The CNXIT if manages to break out and sustain above the 6200 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains positive for the day.

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    5 vistas2 páginas

    Mtechtips Equity Index Market News

    Cargado por

    MtechTips
    MTECHTIPS EQUITY INDEX MARKET NEWS MTECHTIPS:-NIFTY Nifty gave a negative opening taking cues from the world markets, the indices witnessed a range bound trading session with negative bias. The markets witnessed sustained selling, and the index closed the day around day’s lows failing to recover. The markets dipped on sustained selling to close well below the 5400 levels.Nifty has taken support in Andrew Pitchfork and if 5310 is held on downside then market can rally after 3days of fall. Nifty has been making lower low for 4days, for any reasonable recovery Nifty has to cross 5365 on sustainable basis for 5410 & 5480. Today nifty has to cross 5355 and hold 5315 only then some positivity could come in & revive the market sentiment, so as to boost possible support based buying towards 5375 & 5410. On the flip side if Nifty goes below 5310 and closes below 5290 then the chances of further correction towards 5260-5220, Gap-up levels are high. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market did not recover from intraday lows, and closed the session with sharp losses.Sensex has taken support around 17570 and on 14/August low was 17572 and if 17570 support sustains then higher levels can become possible. Today Sensex has to hold 17620 levels and cross 17750 on a closing basis if it has to make any positive up move towards 17900-18000 levels in the days to come. However, If 17590 is broken then a possibility of 17500-17400 levels cannot be ruled out given the circumstances, due to heavy selling pressure, Due to intense selling pressure. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a negative trading session, the index dipped sharply as the banking stocks lost heavily on sustained selling after the RBI announced its annual report. Banks like SBIN, AXISBANK, ICICI BANK, YES BANK saw huge amount of selling & weakness still persists in the stocks. The bank index in yesterday’s trade has broken and sustained below the crucial supports of 10200, negative signal. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10000 will be a negative signal for the index and we may soon re-test the supports of 9800. The bank nifty will now face stiff resistance above 10400 levels, and if it manages to trade above these levels we may gain witness testing of 10600 and higher levels in coming days. The bank index is in an uptrend so any move below 1000 levels will negate the trend and open up lower levels in coming sessions. MTECHTIPS:-CNX IT The Technology index bucked the general trend and gained on sustained buying seen in the sector on hopes of economic reforms in the US which in turn will help the technology stocks. The levels around 6050 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5950 levels also. The CNXIT if manages to break out and sustain above the 6200 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains positive for the day.

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    MTECHTIPS EQUITY INDEX MARKET NEWS

    MTECHTIPS:-NIFTY
    Nifty gave a negative opening taking cues from the world markets, the indices witnessed a range bound trading session with negative bias. The markets witnessed sustained selling, and the index closed the day around days lows failing to recover. The markets dipped on sustained selling to close well below the 5400 levels.Nifty has taken support in Andrew Pitchfork and if 5310 is held on downside then market can rally after 3days of fall. Nifty has been making lower low for 4days, for any reasonable recovery Nifty has to cross 5365 on sustainable basis for 5410 & 5480. Today nifty has to cross 5355 and hold 5315 only then some positivity could come in & revive the market sentiment, so as to boost possible support based buying towards 5375 & 5410. On the flip side if Nifty goes below 5310 and closes below 5290 then the chances of further correction towards 5260-5220, Gap-up levels are high.

    MTECHTIPS:-SENSEX
    The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market did not recover from intraday lows, and closed the session with sharp losses.Sensex has taken support around 17570 and on 14/August low was 17572 and if 17570 support sustains then higher levels can become possible. Today Sensex has to hold 17620 levels and cross 17750 on a closing basis if it has to make any positive up move towards 17900-18000 levels in the days to come. However, If 17590 is broken then a possibility of 17500-17400 levels cannot be ruled out given the circumstances, due to heavy selling pressure, Due to intense selling pressure.

    MTECHTIPS:-BANK NIFTY
    The Bank nifty witnessed a negative trading session, the index dipped sharply as the banking stocks lost heavily on sustained selling after the RBI announced its annual report. Banks like SBIN, AXISBANK, ICICI BANK, YES BANK saw huge amount of selling & weakness still persists in the stocks. The bank index in yesterdays trade has broken and sustained below the crucial supports of 10200, negative signal. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10000 will be a negative signal for the index and we may soon re-test the supports of 9800. The bank nifty will now face stiff resistance above 10400 levels, and if it manages to trade above these levels we may gain witness testing of 10600 and higher levels in coming days. The bank index is in an uptrend so any move below 1000 levels will negate the trend and open up lower levels in coming sessions.

    MTECHTIPS:-CNX IT
    The Technology index bucked the general trend and gained on sustained buying seen in the sector on hopes of economic reforms in the US which in turn will help the technology stocks.

    The levels around 6050 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5950 levels also. The CNXIT if manages to break out and sustain above the 6200 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains positive for the day.

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