Live Nifty Market Trend and Technical Overview

Sensex extends losses, Nifty holds 7050; Infosys, HUL, Maruti up Infosys, HUL, Reliance Industries and GAIL were gainers in morning trade. Maruti Suzuki gained 0.2 percent after the company resumed its production of vehicles in Gurgaon & Manesar facilities.

Nifty Technical Overview:
Nifty futures opened with negative note and witnessed bearish movement for the entire day and closed on lower note. In daily chart it formed long bearish candle so further bearish movement is expected in coming session if it sustain below the level of 7150 and break 7090.

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INDIAN MARKET OVERVIEW
The market lost more than 1.5 percent on Tuesday after rallying in previous four consecutive sessions. Profit booking and global weakness caused selling pressure today. Nifty future down 127 points at 7113.
The 30-share BSE Sensex plunge by 378 points at 23410. The market breadth was weak as about 674 shares advanced against 1929 declining shares on the BSE.
IDBI Bank has a three-tier fund raising plan which include sale of non-core assets, preferential allotment and qualified institutional placement (QIP), adding that the funds will be raised according to requirement.

Live Nifty Market Trend & News by CapitalHeight

Market Outlook:-

The market has once again opened lower on Wednesday. The Sensex is down 265.75 points or 1 percent at 24214.09 and the Nifty is down 85 points or 1.1 percent at 7350.10. About 132 shares have advanced, 526 shares declined, and 35 shares are unchanged.
         The market slips away in early trade. The Sensex is down 349.51 points or 1.4 percent at 24130.33, and the Nifty is down 98.65 points or 1.3 percent at 7336.45. About 126 shares have advanced, 870 shares declined, and 41 shares are unchanged.

           The Sensex is down 418.68 points or 1.7 percent at 24061.16, and the Nifty down 133.50 points or 1.8 percent at 7301.60.
             At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 360.09 points or 1.47% at 24,119.75.                        

     The Nifty 50 index was off 112.30 points or 1.51% at 7,322.80.

          There were more than more than six losers against every gainer on BSE. On BSE, 1,181 shares gained and 177 shares fell. A total of 43 shares were unchanged. The BSE Mid-Cap index was currently off 1.71%. The BSE Small-Cap index was currently off 1.8%. The fall in both these indices was higher than the Sensex's decline in percentage terms.

Axis Bank fell 2.49%

Cement stocks declined

UltraTech Cement slipped 0.86%

Grasim Industries was off 0.69% at Rs 3,486.80

Reliance Industries (RIL) dropped 2.38%.

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Afternoon Nifty Trading Market News By CapitalHeight

Equity benchmarks continued to see uptrend. The Sensex rose 255.39 points or 1.06 percent to 24443.76 and the Nifty climbed 72.45 points or 0.99 percent to 7423.45.
          The Nifty rose 105.30 points or 1.43% at the day's high of 7,456.30 in afternoon trade. The index rose 13.15 points or 0.17% at the day's low of 7,364.15 in early trade.
         The 30-share BSE Sensex surged 282.00 points or 1.17 percent to 24470.37 and the 50-share NSE Nifty rose 81.50 points or 1.11 percent to 7432.50. The BSE Midcap and Smallcap indices spiked 1.5 percent each.
          Equity benchmarks maintained strong uptrend in afternoon trade following rally in global peers, supported by index heavyweights Reliance Industries, L&T and ICICI Bank.
the barometer index, the S&P BSE Sensex, was up 316.15 points or 1.31% at 24,504.52. The 50-unit Nifty 50 index was currently up 96.65 points or 1.31% at 7,447.65

            Asian stocks and sharp surge in US stock index futures aided the upmove on the domestic bourses. The Sensex rose 350.06 points or 1.44% at the day's high of 24,538.43 in afternoon trade, its highest level since 15 January 2016. The barometer index rose 58.86 points or 0.24% at the day's low of 24,247.23 in early trade. The Nifty rose 105.30 points or 1.43% at the day's high of 7,456.30 in afternoon trade. The index rose 13.15 points or 0.17% at the day's low of 7,364.15 in early trade.
            For Daily Nifty Market Trend and Trading News visit our site www.capitalheight.com/nifty-future.php   Or call@ 0731-6615050;+91 9993066624.

Today’s Nifty Trend and Trading News by CapitalHeight

TODAY’S NIFTY MARKET TREND:-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7290; SUPP 2: 7225

RES 1: 7435; RES 2: 7490

CH BANK NIFTY TREND -BEARISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 14970; SUPP 2: 14650

RES 1: 15470; RES 2: 15780

Today’s Nifty Market Trading News:- 

The market extended rally in morning trade with the Sensex rising 182.71 points to 24371.08 and the nifty climbing above 7400, up 49.30 points to 7400.30. The market breadth was marginally positive as about 1034 shares advanced against 818 declining shares on the BSE.

              Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 11 points at the opening bell.

For Daily Nifty Market Trend and Trading News visit our site www.capitalheight.com/nifty-future.php 

Or call@ 0731-6615050;+91 9993066624