Showing posts with label bank nifty. Show all posts
Showing posts with label bank nifty. Show all posts

Tuesday, June 27, 2023

SHARE MARKET HIGHLIGHTS ; WILL NIFTY & NIFTY BANK BREAK ALL TIME HIGH ??

STOCKS SUGGESTION TO TRADE ON 28 JUNE 2023

CANFINHOME ATUL ASHOKLEY HDFCLIFE ESCORTS L&TFH ICICIPRULI LTIM MANAPPURAM VOLTAS MFSL PFC

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The smiles returned to investors' faces on June 27 as the market saw some buying in the second half of the day and benchmark indices rose. However, the Nifty again failed to break the all-time highs, closing the level about 70 points behind. Nifty opened slightly positive followed by some consolidation. The index gained momentum in the second half and strengthened towards the end of the trading session. The index gained over 100 points and closed near the daily high. This was mainly due to the support of the bank nifty, which finally really picked up speed. HDFC Bank put in a strong performance today which was complemented by ICICI Bank and Axis Bank which catapulted the bank well above 44,000. The Nifty 50 index rose to 18817, registering a gain of 126 points. The Sensex zoomed 446 points to 63416. Short covering ahead of Wednesday's F&O expiration may have sparked a significant bounce in major benchmark indices despite a lackluster trend in Asian and European indices. Investors have once again bet heavily on India's solid economic fundamentals, focusing on banking and real estate stocks, ignoring negative catalysts such as the tightening Fed, growing Chinese growth concerns, the Russian crisis and the erratic monsoon. Looking forward, Nifty is expected to target new highs at high levels, with immediate support at 18750. Strong selling was seen on the 18750 and 18700 strike put options, suggesting that any intraday pullback towards these levels is likely to be bought. Bank Nifty closed positive with a bullish candle as it closed above the highs of the past eight days after trading sideways on the daily time frame. Resistance is around 44200 and 44500 and support is around 44000, 43800 and until Bank Nifty breaks this range it is expected to remain sideways. The technical indicator RSI is around 56 while the 200 EMA is at 41500.

Resistance: 18700, 18800, 18900

Support: 18600, 18500, 18400

PERFORMANCE OF STOCK FOR 27 JUNE 2023

PEL  UP BY 4%

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Friday, November 9, 2018

MARKET SUMMARY OF 9 NOV 2018


FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
The benchmark indices ended slightly lower on Friday led by a fall in information technology (IT) and metal stocks.
The S&P BSE Sensex ended at 35,159, down 79 points, while the broader Nifty50 index settled at 10,585, down 13 points.Among the sectoral indices, the Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS). The Nifty Metal index slipped 0.9 per cent due to a decline in NMDC. On the other hand, the Nifty Pharma index settled 1.4 per cent higher led by a rise in Sun Pharma.In stock-specific action, Bharti Airtel fell 2.9 per cent to Rs 297 on the BSE after Moody's Investors Service placed it's rating on review for downgrade, following low levels of profitability and expectation of weak cash flow. The stock had fallen as much as 5.21 per cent to Rs 290 on the BSE in intra-day trade.
 The rupee traded on a firm note during the day, rising to 72.58 per dollar, up from its previous close of 73 against the greenback.
The benchmark indices settled over 2 per cent lower on Thursday following a weak rupee which sunk to a fresh low in the intraday trade.The rupee slipped to a fresh record low 73.81 per dollar in intraday trade on Thursday, after settling at a record low of 73.34 on Wednesday.The S&P BSE Sensex ended at 35,169, down 806 points while the broader Nifty50 index settled at 10,599, down 259 points.Among major stocks, ICICI Bank settled over 4 per cent to Rs 316. It had risen over 5 per cent to Rs 321.25 in intraday trade on the National Stock Exchange (NSE) after the bank's CEO Chanda Kochhar resigned with immediate effect. ICICI Bank has named Sandeep Bakhshi as MD and CEO for five years with effect from October 3.Shares of oil marketing companies fell by up to 13 per cent on Thursday on the BSE after Finance Minister Arun Jaitley announced that these companies will absorb excise duty by Re 1 on petrol and diesel. HPCL, BPCL and IOC tanked up to 13 per cent following the announcement.Among sectoral indices, the Nifty IT index ended nearly  3 per cent lower weighed by Infibeam Avenues, Tata Consultancy Services and Infosys. The Nifty FMCG index, too, slipped nearly 3 per cent weighed by Hindustan Unilever and ITC.In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap indices settled around 2 per cent lower.
TOP GAINERS: YESBANK, HINDPETRO, ASIANPAINT
MAJORLOOSERS: INFY, DRREDDY, HINDALCO

Friday, June 6, 2014

BANK NIFTY : HIGHLY VOLATILE INDEX FOR TRADING

Bank nifty future is one of the highly volatile index's of the 'National Stock Exchange' of India. The active professional trader are meant to make huge money, which is only possible in very active scripts and many scripts and their complex nature are very difficult to predict. The volatility of the individual scripts are low when we compare with the " index future" .This made us to choose Bank nifty. One cannot trade in a Choppy/Side way market. Bank Nifty is almost active in all the time. It is such a volatile index, even during a choppy market and that enhance the spirit of many trader to trade in ' Bank Nifty ' index future. There are few institutional traders who only trade in Bank Nifty and minting huge money. It is such volatile index future, where we have more opportunity to make great money.
Facts about market representation of Bank Nifty
The CNX Bank Index represent about 15.89%of the free float market capitalization of the stocks listed on NSE and 89.06% of the free float market capitalization of the stocks forming part of the Banking sector universe as on  June 28, 2013.
The total traded value for the last six months ending June 2013 of all the Index constituents is approximately 15.55% of the traded value of all stocks on the NSE and 84.49% of the traded value of the stocks forming part of the Banking sector universe
To be included in the bank index, a stock should be a banking stock with a free float

Friday, February 14, 2014

MUST KNOW BEFORE TRADING IN NIFTY FOR 14 FEB,2014

v  The rupee fell by 20 paise to 62.30 against the American currency in late morning trade on Thursday  on fresh dollar demand from banks and importers. 

v DOW JONES 63  points up  @ 16,027

v NIKKIE  99  points down @ 14,435

v HENG SENG  82  points up  @ 22,247

v  Results today : State Bank of IndiaMahindra & Mahindra Ltd., Nestle India Ltd., DLF Ltd., Steel Authority of India (SAIL) Ltd.