Friday 29 January 2016

Live Nifty Future Market Update & Technical Overview



Sensex rallies 100 points as BoJ initiates negative interest rates, Nifty50 above 7,450
The S&P BSE Sensex surged over 100 points in trade on Friday, led by gains in ITC, HDFC, Sun Pharma, HDFC Bank, Infosys, and TCS.
The Nifty50 managed to surge past its crucial psychological level of 7450, supported by gains in oil & gas, metal, consumer durable, and IT stocks.

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Nifty Technical Overview:
Nifty futures opened with flat note and after witnessing choppy movement for the day, it fell sharply at last moment of the closing. Nifty traded between the ranges of 7450-7410 for entire day. Nifty future can show downside movement if it break the level of 7420 and can test 7380-7350.

 Bank Nifty Technical Overview:
Bank Nifty futures opened with flat note and after witnessing choppy movement for the day, it fell sharply at last moment of the closing. Bank Nifty traded between the ranges of 15550-15400 for entire day. it can show downside movement if it break the level of 15400 and can test 15300-15200.

MARKET OVERVIEW
The market has ended lower amid volatility on January Future and Options (F&O) series expiry day. Nifty future down 5 points at 7428.
The 30-share BSE Sensex down 22 points at 24469. The market breadth was weak as about 1230 shares advanced against 1328 declining shares on the BSE.
Private sector lender ICICI Bank's third quarter profit increased 4.5 percent year-on-year to Rs 3,018 crore, dented by steep increase in provisions but supported by other income and operating profit.
Bharti Airtel's third quarter earnings missed analysts' expectations with consolidated profit falling 26.7 percent sequentially to Rs 1116.9 crore from Rs 1522.7 crore. The bottom-line was impacted by exceptional loss of Rs 340.5 crore during the quarter.

1 comment:

  1. • Gitanjali Gems Q1 profit up 21% at Rs 69 cr on robust sales.
    • Reliance Comm posts consolidated loss of Rs 1,210 cr in June quarter.
    CapitalStars

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