Stock Market Updates

Bank Nifty made a record high while Nifty is about 120 points short so far. The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22726-22775 band for the near term. Immediate support is at 22447. Indian markets could open mildly higher, in line with mostly higher Asian markets today and positive US markets

Nifty ended lower on April 26, snapping a five-day rally. At close, Nifty was down 0.67% or 150.4 points at 22419.9. N Nifty could now remain in the 22625-22336 band for the near term. A breach of the lower band could take it to 22148. Indian markets could open higher, in line with higher Asian markets today and positive US markets on Apr 26

Nifty extended its gains for the fourth session on April 24, though it gave up a significant part of its intra-day gains. At the close, Nifty was up 0.15% or 34.4 points at 22,402.2. The movement in Nifty seems rangebound in the near term within the 22,503-22,214 band. A breach of this band could decide the future trend of the Nifty. Indian markets could open lower, in line with mo

US stocks recorded gains across the board on Tuesda. Tesla rose as much as 8% in after-hours trading after the company said its future vehicle lineup would include more affordable models. Easing concerns about the risk of a major re-escalation of tension in the Middle East and a focus on company earnings brought renewed risk appetite from investors. Germany returned to growth in ea

Nifty ended higher for the second consecutive day on April 22. At close, Nifty was up 0.86% or 189.4 points at 22336.4. The Nifty has reversed the intermediate downtrend and is now headed higher. It could in the near term stay in the 22213-22504 band. Indian markets could open flat, despite mostly higher Asian markets today and higher US markets on Apr 22

Nifty reversed a four-day losing streak to end Apr 19 higher. At close, Nifty was up 0.69% or 151.2 points at 22147. It could in the near term face resistance from the 22427-22503 band while 21710-21778 band could offer support. Indian markets could open higher, in line with mostly higher Asian markets today and despite mostly lower US markets on Apr 19

Nifty extended losses for the third consecutive day on April 16 as geopolitical concerns weighed on investor sentiments. At close, Nifty was down 0.56% or 124.6 points at 22147.9. Nifty fell with a downgap on April 16 and made a bearish candle. Nifty could continue to display weak bias in the near term and head towards 21947, while 22503 could be a strong resistance.

While the Nifty remains in an intermediate uptrend, sell off seen on Friday's, as well as anticipated fall on today's opening trade will break the nearby supports thereby leading to a short term reversal. Nifty could now head towards the next major supports of 22303-22142 in the coming sessions. The 22303 level corresponds to the previous swing low and the 22142 level corresponds t

Nifty started new week by climbing to a fresh record high and closing level on Apr 08 led by gains in automobile stocks. With this, the market cap of BSE-listed firms crossed the Rs 400 lakh crore mark. At close, Nifty was up 0.68% or 152.6 points at 22666.3. It has formed a higher top higher bottom formation compared to the previous sessions. Nifty could now stay in the 22529-2281

Asian stocks followed gains on Wall Street after better-than-expected US payrolls data on Friday. The focus will soon shift to US March inflation data due mid-week. Nifty recovered from early morning weakness and closed flat on April 05. At close, Nifty was down 0.9 points at 22513.7. Nifty closed flat after a 110-point high low range day on Apr 05. On weekly charts it rose 0.84%,