Author: Cherian Varghese

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Daily Market Feed Post Market Analysis

Extreme Volatility! Negative Closing for Nifty – Post-Market Analysis

NIFTY started the day flat at 19,744. The index was highly volatile in a 140-point range throughout the day. After opening, the index tried moving up, but faced rejection at the 19,800 level. It then gave a sharp fall of 130 points, recovered back up to the same day’s high, and again fell to the day’s low at 19,650 levels. Nifty closed at 19,742, down by 68 points or 0.34%.

Nifty chart Sept 22 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 44,707 with a gap-up of 83 points. It initially tried moving up, but took rejection at the 45,000 round levels. Then, the index fell sharply by nearly 400 points to 44,600 levels. It again gave a rebound to the day’s high, but eventually fell again. BNF closed at 44,612, down by 11 points or 0.03%.

Bank Nifty chart Sept 22 - post-market analysis | marketfeed

All indices except Nifty PSU Bank (+3.51%) and Nifty Auto (+0.21%) closed flat-to-red. Nifty Pharma (-1.5%) fell the most.

Major Asian markets closed mixed. Germany’s DAX and France’s CAC40 are currently trading in the red, while UK’s FTSE100 is trading in the green.

Today’s Moves

IndusInd Bank (+2.95%) was NIFTY50’s top gainer.

Maruti Suzuki (+2.4%) moved up after brokerages Citi and Morgan Stanley maintained their bullish stance on the stock.

HUDCO (+18.84%) hit a 5-year high of ₹85.8 on the back of a positive outlook. The stock has surged nearly 95% since April 2023.

All 12 stocks in NIFTY PSU Bank closed in the green, with Central Bank of India (9%), Union Bank (5.4%) and Canara Bank (4.6%) emerging as top gainers.

Dr Reddy’s Labs (-2.67%) was NIFTY50’s top loser. 

Shares of Wipro (-2.4%) fell following the resignation of Jatin Pravinchandra Dalal as Chief Financial Officer of the company.

Glenmark Pharma (-3.01%) declined up to 6% after the firm received board approval to sell a 75% stake in subsidiary Glenmark Life Sciences to Nirma.

Markets Ahead

Markets are extremely volatile and every uptick is getting sold with a lot of strength. As discussed in yesterday’s post-market report, a sell-on-rise market was expected, and we are seeing it in action.

Nifty: The immediate resistance to watch out for is near 19,720 levels. For a proper uptrend, the index has to cross the resistance at 19,800. The major support is near 19,650. And if this level is breached, we can expect Nifty to hit 19,630 and 19,560.

Bank Nifty: The index is near its round-level support zone of 44,500. A breakdown from this level could give us targets of 44,300 and 44,000. The immediate resistance to look out will be 45,000. Wait for BNF to cross 45,000 if you’re looking for buying opportunities.

On a weekly time frame, the indices are looking weak. But they have taken support from trendlines. So, if those trend lines are breached, we can expect bearishness in the coming months!

PSU bank stocks outperformed today as India’s inclusion in JP Morgan’s Government Bond Index led to a decline in bond yields. 

How did this week go? Are you in net profit or loss? Let us know in the comments section!

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Nifty to Turn Bearish? – Post-Market Analysis

bearish - post-market analysis | marketfeed

NIFTY started the day at 19,840 with a gap-down of 60 points.  After opening, the index continued the down move to 19,740 levels— a fall of more than 100 points. It then tried moving up, but the 19,800 round level acted as resistance, and the index continued the decline to 19,710 levels. Nifty closed at 19,742, down by 159 points or 0.8%.

Nifty chart Sept 21 - post-market analysis

BANK NIFTY (BNF) started the day at 45,179 with a gap-down of 205 points. After an initial attempt to recover, 45,300 (near yesterday’s closing level) acted as resistance, and the index continued to move down throughout the day— falling nearly 680 points to 44,600 levels. BNF closed at 44,623, down by 760 points or 1.68%.

Bank Nifty chart Sept 21 - post-market analysis

All indices closed flat-to-red. Nifty PSU Bank (-2.28%) fell the most.

Major Asian markets closed up to 1.3% in the red. European markets are currently trading in the red.

Today’s Moves

Adani Ports (+1.6%) was NIFTY50’s top gainer. 

KSB (+13.54%) on the back of a strong business outlook, driven by a healthy order intake of ₹616.5 crore in the June quarter. [KSB is a leading supplier of pumps, valves and water systems.]

M&M (-3.08%) was NIFTY50’s top loser. The automaker’s Canada-based associate firm Resson Aerospace Corporation has ceased to exist.

Public sector banks Punjab & Sind Bank (-5.89%), UCO Bank (-5.13%), Central Bank (-4.19%), Union Bank (-3.2%), and others fell sharply today.

BLS International Services (-2.7%) fell amid reports that Indian visa services in Canada have been suspended until further notice.

SJVN (-13%) crashed following the government’s decision to offload a 4.92% stake in the company via an offer-for-sale (OFS) route.

Markets Ahead

Nifty is at a very crucial support zone, which can decide the further trend in the index. On the other hand, Bank Nifty has breached the important technical supports and turned bearish.

Nifty: Nifty had made a strong 900-point rally from 19,300 levels to 20,200 recently. This has been followed by a 50% retracement now. In terms of price action, hitting the 50% retracement level could indicate a shift towards bearish sentiment. So today’s low, which is the 50% retracement support, will act as a very crucial level. If that’s breached, we can expect a sell-on-rise scenario with targets of 19,630 and 19,560.

If the index takes support, moves up, and breaks the resistance at 19,760, it may reach an initial target of 19,800, followed by targets at 19,840 and 19,900.

Bank Nifty: The index has breached the 50% retracement level and turned bearish. The next round level support is near 44,500. A breakdown from there can give us targets of 44,325 and 44,250. Meanwhile, the immediate resistance for BNF is near the 44,750 level. A breakout can give us targets of 45,000 and 45,100.

Markets have to hold these levels to continue the uptrend. If not, the indices can turn bearish in the coming weeks.

Being Nifty expiry today, premiums were well balanced and the spikes were minimal, despite the index falling. So it was an easy day for option sellers. The directional move would also have been favourable for option buyers.

How did expiry trading go? Let us know in the comments section!

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Nifty Falls Below 20,000! HDFC Bank Down 4% – Post-Market Analysis

NIFTY started the day at 19,980 with a gap-down of 152 points. It initially tried to move up, but 20,050 levels acted as good resistance. The index fell throughout the day to 19,880 levels. Nifty closed at 19,901, down by 231 points or 1.15%.

Nifty chart Sept 20 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 45,493 with a huge gap-down of 486 points. After opening, the index recovered nearly 300 points to 45,750 levels. But selling pressure kicked in, and the index fell nearly 470 points from the day’s high. BNF closed at 45,384, down by 595 points or 1.29%.

Bank Nifty chart Sept 20 - post-market analysis | marketfeed

All indices closed in red. Nifty Metal (-1.63%) and Nifty Finserv (-1.49%) fell the most.

Major Asian markets closed in the red. European markets are currently trading in the green.

Today’s Moves

PowerGrid (+2.27%) was NIFTY50’s top gainer. The stock hit an all-time high of ₹205.95 today.

Blue Star (+13.4%) surged to hit a record high of ₹946.8 after the company launched a qualified institutional placement (QIP) issue to raise ₹1,000 crore.

SJVN (+6.65%) moved up after the company and Power Finance Corp signed an agreement worth ₹1.18 lakh crore for renewable energy and thermal power projects.

HDFC Bank (-4.01%) was NIFTY50’s top loser. The bank has warned that its merger with HDFC would hit key financial metrics, including margins and bad loan ratios. Several brokerage firms have reduced target prices on the stock.

Heavyweight stock Reliance (–2.23%) fell sharply today. Around 1.9 crore shares (0.3% equity) of RIL changed hands in a block deal.

Public sector banks UCO Bank (-5.7%), IOB (-5.5%), Central Bank (-5.4%), and others closed deep in red.

Markets Ahead

After the huge rally, major indices have come under selling pressure. The Special Session of the Parliament happening this week could also add volatility to the markets.

Markets can be volatile to sideways in the coming days. So traders need to be cautious!

Nifty: The index closed below 20,000. So that level can act as a strong resistance. But the immediate resistance is near 19,950 levels. A breakout on the upside could make the index volatile and sideways. Meanwhile, the important support is near 19,800 levels. A breakdown below today’s low can give us targets of 19,800 and 19,730 as the second target.

Bank Nifty: The index is now currently taking support from 45,300 levels. A breakdown from here can take the index down to 45,150 and 45,000 eventually. On the other hand, a breakout from 45,460 can take the index to the 45,750 levels (with volatility).

Being Bank Nifty expiry, the option premiums and implied volatility (IV) didn’t cool down on the call option (CE) side till even the second half of the day. So option sellers might have been in some confusion there. But spikes on the put option (PE) side were also manageable. So it was a good day for both option buyers and sellers.

The US Federal Reserve will make its interest rate announcement today (11:30 PM IST), with prevailing expectations pointing towards a decision to maintain the current interest rates without any changes.

Nifty’s expiry tomorrow can be tricky. So watch out for the levels mentioned above and manage your risk. 

What levels are you watching out for expiry tomorrow? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Bank Nifty Misses ATH! Bajaj Auto Up 6% – Post-Market Analysis

Post-market analysis | marketfeed

NIFTY started the day at 20,156 with a gap-up of 53 points (near yesterday’s high). It initially fell a little, made a double bottom, and continued to move up to 20,200 levels, where it took rejection. Then, the index fell sharply to near the day’s low and moved back up with strength to hit a fresh all-time high (ATH) of 20,222.45. Nifty closed at 20,192, up by 89 points or 0.44%.

Nifty chart Sept 15 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 46,122 with a gap-up of 121 points. The index consolidated there for a while, gave a breakout, and rose to 46,300 levels. Then, a sharp sell-off happened after 12 PM, making the index fall nearly 250 points to 46,030 levels. But Bank Nifty made a sharp recovery up to 46,310 by 3 PM. BNF closed at 46,231, up by 230 points or 0.5%.

Bank Nifty chart Sept 15 - post-market analysis | marketfeed

All indices except Nifty FMCG (-0.48%), Nifty Realty (-0.39%), Nifty Metal (-0.16%), and Nifty Media (-0.1%) closed in the green. Nifty Auto (+1.58%) moved up the most.

Major Asian markets closed mixed. European markets are currently trading up to 1.6% in the green.

Today’s Moves

Bajaj Auto (+5.9%) was NIFTY50’s top gainer and hit an all-time high of ₹5,149. BofA Securities has upgraded the stock to a ‘Buy’ rating.

FACT (+9.79%) jumped on the back of strong volumes.

Restaurant Brands Asia (+6.7%) shot up over 14% to hit its 52-week high of ₹137.7. QSR Asia Pte (promoter) sold a 25.4% stake in the company in a block deal.

BPCL (-1.8%) was NIFTY50’s top loser amid gains in crude oil prices, which shot up over $94 per barrel on Thursday. Any uptick in oil prices hits the margins of oil marketing companies.

Shares of Jindal Stainless (-5.3%) turned ex-dividend today.

Markets Ahead

Markets are moving up slowly and steadily, with a bit of volatility. Our target of 20,200 in Nifty and 46,300 in Bank Nifty are hit. After the crazy up-move over the past few days, it looks like both indices are taking a pause. So, there could be some consolidation in the coming days.

Nifty: The immediate support for the index is near 20,130, and next is the 20,040 levels. A breakdown from these levels could take the index down to the support zone and eventually to the 20,000 round levels. On the other hand, the important resistance will be 20,200 round levels. If this level gets breached, the index may advance towards 20,250 and 20,300.

Bank Nifty: The index is yet to hit its all-time high (ATH) at 46,369.5. Meanwhile, 46,300 can be watched as the immediate resistance. A breakout from there can take BNF to 46,400 or 46,500 in the coming weeks. The immediate support to watch out for is 46,000.

Market participants are consistently buying during market declines. So, it’s advisable not to sell unless crucial reversal levels get breached.

Interestingly, Sensex has experienced a remarkable 11-session rally, marking its most extended winning streak since 2007!

How did this week go? Are you in net profit or loss? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Market News Top 10 News

WPI Inflation Rises to -0.52% in August – Top Indian Market Updates

market updates | marketfeed

Here are some of the major updates that could move the markets tomorrow:

WPI inflation rises to -0.52% in August

India’s wholesale inflation remained in the negative territory for the fifth month in a row in August. The wholesale price index (WPI)-based inflation increased slightly to -0.52% in August, compared to -1.36% in July. This continued decline in wholesale prices can be attributed to the comparison with a higher base period. It is also mainly due to a fall in prices of mineral oils, basic metals, chemicals, textiles, and food products compared to the same month last year

Read more here.

Oil India to invest ₹25,000 crore for net zero by 2040

Oil India Ltd plans to invest ₹25,000 crore in clean energy projects that will help it achieve a net zero carbon emission goal by 2040. The company’s net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas. It also consists of setting up renewable electricity generation capacity, building green hydrogen plants, and constructing biogas & ethanol plants.

Read more here.

Tata Motors to set up separate sales network for EVs

Tata Motors is planning to create a distinct sales network for its electric passenger vehicles (EVs) in the current financial year (FY24). The move aims to offer a specialised experience to customers opting for eco-friendly models. Tata Motors recently unveiled updated versions of its Nexon EV and Nexon with an internal combustion engine.

Read more here.

Maruti Suzuki partners with Indian Bank to provide financing solutions

Maruti Suzuki India Ltd has partnered with Indian Bank to provide financing solutions to its dealers. The two parties have signed a Memorandum of Understanding (MoU), which will empower over 4,000 Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements.

Read more here.

DGCA raises concerns with P&W about issues in IndiGo plane engines

Following engine failure incidents with IndiGo aircraft, the Directorate General of Civil Aviation (DGCA) has asked Pratt & Whitney (P&W) to issue a service bulletin in the next 60 days with the fleet management action plan. IndiGo’s fleet of A320 planes is powered by P&W engines. A total of 11 engines were impacted due to the high-pressure turbine (HPT) hub issues, which were flagged by the engine maker in July.

Read more here.

Hamleys opens first store in Italy

Reliance Brands-owned Hamleys has opened its first exclusive retail store in Italy, in collaboration with franchisee GIOCHI PREZIOSI S.P.A (GP). GP holds the exclusive rights to operate Hamleys outlets throughout Italy. In 2019, Reliance Brands (a subsidiary of Reliance Industries) acquired the British toy retailer for approx. ₹620 crore then.

Read more here.

Paper industry revenue may dip 8-10% in FY24: Crisil

As per rating agency Crisil, Indian paper manufacturers’ revenue may decline 8-10% in FY24 despite gains in volume, as the average realisations are likely to soften on lower raw material prices and intense competition. The industry’s total volume is expected to rise 5-7% in FY24, similar to the last financial year. The operating margin will remain healthy at 18-19%, ensuring a stable cash flow generation.

Read more here.

Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger

Axis Finance has filed an appeal in the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal’s (NCLT) approval of the Zee-Sony merger. This comes just over a month after the NCLT’s Mumbai bench approved the merger on August 10 by dismissing all applications against it.

Read more here.

India’s air traffic rose 22% in August

According to data released by the Directorate General of Civil Aviation (DGCA), Indian airlines carried 124.23 lakh passengers in August, a rise of 22.8% compared to July. IndiGo continued to hold the largest market share at 63.3%, followed by Air India and Vistara with a 9.8% share each. 

Read more here.

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Daily Market Feed Post Market Analysis

Markets Take a Pause! Nifty Hits Fresh All-Time High – Post-Market Analysis

Markets Take a Pause - post-market analysis | marketfeed

NIFTY started the day at 20,127 with a gap-up of 57 points. The index moved up 40 points to 20,170 levels— creating a fresh all-time high! After making a double top, Nifty fell to 20,050 levels and consolidated within a 50-point range between 20,050 and 20,100 levels for the most part of the day. Nifty closed at 20,103, up by 33 points or 0.16%.

Nifty chart Sept 14 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 46,013 with a gap-up of 103 points. After the initial up-move to 46,150 levels, the index faced rejection and fell over 350 points till the 45,800 support zone. It later bounced back to 46,000 levels and consolidated between these levels for the most part of the day. BNF closed at 46,000, up by 91 points or 0.2%.

Bank Nifty chart Sept 14 - post-market analysis | marketfeed

All indices except Nifty Media (-0.4%) and Nifty FMCG (-0.15%) closed in the green. Nifty PSU Bank (+1.64%) moved up the most. 

Major Asian markets closed up to 1.5% in the green. European markets are currently trading mixed.

Today’s Moves

UPL (+3.85%) was NIFTY50’s top gainer. Antique Stock Broking has revised the stock’s rating to ‘Buy’.

Central Bank (+10.89%) jumped on the back of strong volumes.

NBCC (+7.7%) moved up after the civil construction firm received an order worth ₹180 crore from Steel Authority of India Ltd.

Sugar stocks Dhampur Sugar, Avadh Sugar, Balrampur Chini Mills, Rana Sugar, Shree Renuka Sugars, Eid Parry, Triveni Engineering, and others closed 4-11% in the green. Reports reveal that sugar prices may rise as Maharashtra’s sugar output is set to fall to a 4-year low in the 2023-24 crop year.

Asian Paints (-1.14%) was NIFTY50’s top loser. Stocks of paint companies were in focus today after Grasim Industries announced plans to launch its paints business ‘Birla Opus’ in Q4 FY24.

Markets Ahead

Our targets of 20,150 levels in Nifty and close to 46,200 in Bank Nifty were achieved. The markets are holding these higher levels and the current dips appear to be minor corrections. Given the ongoing strength in the markets, you could consider option buying trades, which may offer more rewarding opportunities with a higher probability of success.

Nifty: The index is currently facing strong resistance around the 20,100 level. If Nifty manages to surpass this hurdle, it may potentially reach its all-time high at 20,170, with the next target being 20,250. On the other hand, if there’s a decline below 20,040, it could push the index down to the 20,000 mark and 19,950 as the second target.

Bank Nifty: In the case of Bank Nifty, a crucial resistance level to watch is the round level of 46,000. If there’s a breakout above this level, it could potentially drive the index up to 46,150 and ultimately to its all-time high at 46,300. Meanwhile, a significant support level to keep an eye on is at 45,750. If the index breaks below this support, it may lead to targets of 45,500 and 45,300.

The markets have formed a DOJI candle on the daily time frame, indicating indecision. A breakout or breakdown, followed by confirmation, will likely determine the direction in which the markets will trend.

Consumer inflation in the US rose for the second consecutive month in August. The US Consumer Price Index (CPI) rose by 0.6% last month, the largest gain since June 2022. This was mainly due to higher gas prices.

Meanwhile, India’s wholesale inflation increased slightly to -0.52% in August 2023 vs. -1.36% in July. WPI-based inflation has been in the negative territory for the fifth month in a row!

How did expiry day trading go? Are you in net profit or loss? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Markets on Steroids! Nifty Closes Above 20,000 – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day flat at 19,989. After the initial consolidation near the opening and yesterday’s low of 19,950 levels, the index moved up with strength till 20,100 levels (a 150-point up-move). Nifty closed at 20,070, up by 76 points or 0.38%.

Nifty chart Sept 13 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 45,449 with a small gap-down of 62 points. After the initial volatility and fall to the support levels of 45,300, Bank Nifty moved up with a lot of strength to 46,000 levels (with help from Axis Bank, IndusInd Bank)— a 700 points up-move from the intraday low. BNF closed at 45,909, up by 398 points or 0.87%.

Bank Nifty chart Sept 13 - post-market analysis | marketfeed

All indices except Nifty Auto (-0.46%) and Nifty IT (-0.28%) closed in the green. Nifty PSU Bank (+4.2%) moved up the most. 

Major Asian markets closed mixed. European markets are currently trading in the red.

Today’s Moves

Grasim (+3.3%) was NIFTY50’s top gainer. On Monday, the company announced plans to open 100-120 retail stores in smaller cities in the next 2 years.

ITI (+19.37%) rallied for the third consecutive session after the state-run telecom company said it has developed its own branded laptop and micro-PC.

Indiabulls Housing Finance (+12.18%) surged on the back of a block deal.

Shares of Coffee Day Enterprises soared 20% after an appellate tribunal terminated insolvency proceedings against its subsidiary Coffee Day Global Ltd (CDGL).

HDFC Life (-1.6%) was NIFTY50’s top loser. 

Max Healthcare (-5.7%) fell sharply today. The company allotted equity shares to employees as stock options today.

Markets Ahead


As discussed in the previous post-market report, yesterday’s fall was just a retracement and the markets have continued to move higher.

Nifty: The index is back to its all-time high of 20,100. This level could act as an immediate resistance. A flat or a gap-up opening tomorrow may take the index further up to 20,150 and 20,200 levels. On the other hand, if there’s a flat opening and down move or a gap down and Nifty falls below 20,050, watch out for 20,000 and 19,950 levels.

Being Nifty expiry tomorrow, watch these levels carefully!

Bank Nifty: The index closed below 46,000 and above the 45,800 resistance level. Thus, we could expect more bullishness if 46,000 is crossed, with a target of all-time high (ATH) levels of 46,200 and 46,300. Meanwhile, a breakdown from 45,750 can take the index down to 45,500 and 45,300 levels.

The contraction in the UK economy and rise in oil prices have created a level of uncertainty in the global markets. Today’s US inflation data (which will come out at 6 PM) is crucial because it tells us about the US Federal Reserve’s plans.

What levels are you watching out for Nifty expiry tomorrow? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Selling from ATH! Small-Cap, Mid-Cap Stocks Fall – Post-Market Analysis

volatility - post-market analysis | marketfeed

NIFTY started the day at 20,110 with a huge gap-up of 113 points. Right after opening, the index fell 195 points to 19,900 in the first 45 mins. It immediately bounced back over 100 points to 20,000 levels. The index was very volatile in this 100-point range throughout the day, making intraday moves of more than 650 points! Nifty closed flat at 19,993, down by 3.15 points or 0.02%.

BANK NIFTY (BNF) started the day at 45,893 with a gap-up of 323 points. Similar to Nifty, BNF fell 500 points to 45,400 levels initially and immediately bounced back another 200 points to 45,600 levels. The index was volatile in this range— making intraday moves of 1,700 points. BNF closed at 45,511, down by 59 points or 0.13%.

All indices except Nifty IT (+1.03%) and Nifty Pharma (+0.12%) closed flat-to-red. Nifty Media (-4.3%) fell the most. Nifty Smallcap 100 (-4.1%) and Nifty Midcap 100 (-3.05%) closed deep in the red.

Major Asian markets closed mixed. UK’s FTSE100 is currently trading in the green, while Germany’s DAX and France’s CAC40 are in the red.

Today’s Moves

TCS (+2.8%) was NIFTY50’s top gainer. The stock hit a 52-week high of ₹3,589.90 today after the IT major partnered with Dassault Systems as part of the Living Heart Project.

ITI (+12%) continued its strong up-move after the company said it has developed a laptop and micro PC in association with Intel Corporation. 

Brightcom Group (+4.8%) gained after the troubled company announced a reduction in its pledged shares.

PowerGrid shares turned ex-bonus today. The company had declared the issuance of bonus shares in a 1:3 ratio, which means 1 bonus share for every 3 shares held by shareholders as on the record date (Sept 12).

Sugar stocks Shree Renuka Sugars (-5.3%), Dalmia Bharat Sugar (-6.4%), EID Parry India (-5.1%), Balrampur Chini Mills (-4.5%), Bajaj Hindustan Sugar (-10.5%), and others fell sharply after the govt asked sugar mills to provide details of sales between May and August by today.

Markets Ahead

The Indian markets have faced rejection after the gap-up opening— exactly like how we discussed in yesterday’s post-market report. This is just a retracement, and markets can still be bullish till important support zones are breached.

Nifty: Now, the immediate support to watch out for is 19,900 levels. A breakdown from 19,975 levels (the previous swing) could take the index down to 19,900 and 19,820 levels. Meanwhile, immediate resistance is at 20,000 round levels, and the next important resistance is today’s high or all-time high (ATH) of 20,100 levels. A breakout from 20,000 may take the index to 20,100 and above (the targets can be trailed).

Bank Nifty: The immediate support in Bank Nifty is near 45,300 levels. A breakdown from there could give us a target of 45,000. The immediate resistance is near 45,600; a breakout from this level can give us a target of 45,850 again.

FIN NIFTY: Being Fin Nifty expiry today, the index was also volatile. It created spikes on the put sides initially, but the premiums cooled down later. The index was trading in a 100-point range with volatile moves after the initial fall of 200 points from the opening.

Make sure directional trades are taken only after confirmation and re-test of the levels.

How did FIN NIFTY expiry go? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Nifty Hits Record High at 20,000! What Next? – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 19,890 with a gap-up of 70 points (above important resistance levels). The index continued the up move gradually to hit a fresh all-time high of 20,008.15 by moving 140 points from the intraday low to high. Nifty closed at 19,996, up by 176 points or 0.89%.

Nifty chart September 11 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 45,340 with a gap-up of 194 points. Initially, the index consolidated near the previous high of 45,350 levels. Then, it eventually gave a breakout and moved up 400 points from the intraday low to 45,600 levels. BNF closed at 45,570, up by 414 points or 0.92%.

Bank Nifty chart September 11 - post-market analysis | marketfeed

All indices except Nifty Media (-0.33%) closed in the green. Nifty PSU Bank (+3.13%) moved up the most.

Major Asian markets closed mixed. European markets are currently trading in the green.

Today’s Moves

Adani Ports (+6.96%) was NIFTY50’s top gainer.

Adani Ent (+3.8%) also closed well in the green today. As per reports, promoters have boosted their holdings in the Adani Group companies as part of an ongoing strategy to recover from the negative publicity.

SJVN (+20%) zoomed after the company’s green energy arm signed a power purchase agreement with Bhakra Beas Management Board to develop an 18 MW solar power project.

ITI (+19.97%) jumped after the company said it has developed a laptop and micro PC in association with Intel Corporation.

Coal India (-1.12%) was NIFTY50’s top loser. 

Natco Pharma (-7.7%) fell sharply after the company was named a defendant in an antitrust lawsuit in the US last week.

Markets Ahead

As mentioned in our earlier post-market report, Nifty and Bank Nifty are yet to catch up to our target of a record high. As markets have been stretched out a lot without much of a retracement, major indices could face some rejection near their all-time highs. Moreover, the increase in India Vix by nearly 6% today indicates a similar scenario. So wait for proper price action to sell. If the rally continues, it’s wise to stay with the trend.

Nifty: The index is at an all-time high! The immediate resistance to watch out for will be 20,000 round levels. If there’s a big gap, some profit booking could be seen. And if there’s a gap-down, we could witness a retracement. So, the important support now is 19,930 levels. A breakdown from there can give us targets of 19,870 and 19,820.

Nifty is also respecting a trendline (as shown below). So watch out for the breakdown from this trendline for a retracement.

Bank Nifty: The important support for the index is near 45,400. A breakdown from there can give us targets of 45,150 and 45,000. Meanwhile, the important resistance to watch out for is near the 45,700 level. A breakout could give us targets of 46,000 and 46,250 levels eventually. 

As per market experts, investors’ optimism about India’s role in the G20 summit outweighed concerns about crude oil prices hitting $90. Today’s up-move in Nifty was mainly driven by a rise in heavyweights like Reliance and banks.

Do you think Nifty will move past 20k tomorrow? Let us know in the comments section of the marketfeed app.

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Daily Market Feed Post Market Analysis

Nifty to Hit All-Time High Soon? – Post-Market Analysis

NIFTY started the day at 19,774 with a gap-up of 47 points. After an initial down move till yesterday’s closing, the index moved up gradually to 19,870 levels. Nifty closed at 19,819, up by 92 points or 0.47%.

Nifty chart Sept 8 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 44,953 with a gap-up of 75 points. After consolidating near the opening levels, the index gave a breakout from the important resistance of 45,000 and moved up 400 points to 45,380 levels. BNF closed at 45,156, up by 469 points or 1.06%.

Bank Nifty chart Sept 8 - post-market analysis | marketfeed

All other indices except Nifty Realty (+2.12%), Nifty Auto (+0.67%), and Nifty PSU Bank (+0.32%) closed flat-to-red. Nifty Media (-0.97%) fell the most.

Major Asian markets closed up to 1.3% in the red. European markets are currently trading in the red.

Today’s Moves

Coal India (+2.96%) was NIFTY50’s top gainer. The stock has surged nearly 22% in a week!

Stocks related to the power sector were in high demand today. NTPC (+2.63%), PFC (+12.23%), REC (+10.02%), and Tata Power (+1.95%) moved up.

Sobha (+10.89%) jumped after HDFC Securities said it expects a potential upside of around 66% in the stock over the next 12 months.

Eicher Motors (-0.93%) was NIFTY50’s top loser. 

Natco Pharma (-3.5%) fell after the company was named a defendant in an antitrust lawsuit in the U.S.

Markets Ahead

As discussed earlier, the markets have turned bullish and buy-on-dips can be planned. The targets of 19,840 in Nifty and 45,370 in Bank Nifty were hit, and the bullishness could continue till immediate supports are breached.

Nifty: The index is near a very important resistance zone of 19,850-870. A breakout from this level can take the index to the all-time high (ATH) of 19,990 levels. Now, the important support zone for Nifty will be the previous swing of 19,730 levels. A breakdown from there with a re-test may take the index down to 19,680 and 19,630 levels.

Bank Nifty: The index finally broke out. Now, the immediate support to watch out for will be 45,150. A breakdown from there can take the index down to 45,000 and 44,800 levels. The immediate resistance would be 45,350. A breakout from that level can give us targets of 45,740.

The indices are on a strong uptrend. Many market participants are likely to buy during price dips, aiming to push the markets higher. This strategy is expected to continue until the key breakout levels of 19,640 in Nifty and 45,000 in Bank Nifty are maintained.

Meanwhile, global markets have stabilized today, while the U.S. Dollar appeared to be on its longest winning streak since 2014, thanks to a strong U.S. economy. Investors are anticipating that central banks will keep interest rates unchanged in the next two weeks.

How did this week go? Are you in net profit or loss? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Bullishness Confirmed in Nifty!  – Post-Market Analysis

NIFTY started the day at 19,598 with a small gap-down of 12 points. After an initial fall of 50 points to 19,550 levels, the index made a strong uptrend rally of nearly 200 points to 19,750 levels. Nifty closed at 19,727, up by 116 points or 0.59%.

Nifty chart Sept 7 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day flat at 44,418. The index moved up nearly 350 points till 44,700 zones, took rejection, and fell till the opening levels. But then, similar to Nifty, BNF also showed bullishness and rose to 44,900. BNF closed at 44,878, up by 469 points or 1.06%.

Bank Nifty chart Sept 7 - post-market analysis | marketfeed

All indices except Nifty FMCG (-0.4%) and Nifty Pharma (-0.32%) closed flat-to-green. Nifty Realty (+1.48%) moved up the most.

Major Asian markets closed up to 1.3% in the red. European markets are currently trading mixed.

Today’s Moves

Coal India (+7.1%) was NIFTY50’s top gainer. The stock hit over a four-year high of ₹274.75.

Cochin Shipyard (+20%) hit a 52-week high of ₹1,146.15 on the back of a strong business outlook.

Other defence stocks like Mazagon Dock Shipbuilders (+9.5%) and Paras Defence (+4.08%) closed with strong gains today. 

Tata Consumer (-2.3%) was NIFTY50’s top loser. Yesterday, the FMCG company denied reports that it was in talks to buy a stake in Indian snack food chain Haldiram’s.

GSFC (-7.3%) fell sharply today.

Brightcom Group (-5.04%) fell for the eleventh consecutive session. The stock has been in a free fall as the company battles an investigation regarding the impairment of assets worth ₹868 crore via its international subsidiaries.

Markets Ahead

We knew about the importance of 19,600 levels in Nifty and talked about how if this level was crossed, we could expect a turnaround in the markets. And we witnessed this in both Nifty and Bank Nifty today.

Now, we could consider buying during dips in Nifty. In Bank Nifty, focus on the 45,000 round level. If it holds, it’s important to watch for the resistance level to be crossed for confirmation in the banking index as well.

Nifty: The major resistance level has been broken and the index gave a breakout. Now, the important support for Nifty will be the 19,620-640 zone. A breakdown from there can give us targets of 19,560 and 19,500. The immediate resistance to watch out for will be 19,740. A breakout from this level will take the index to 19,780 and 19,840 levels.

Bank Nifty: Reversal levels and important round level resistance is at 45,000. If there’s a breakout from 45,000, we could consider a buy-on-dips strategy with a target of 45,120 and 45,370 levels. The immediate support level to watch out for is 44,550-600. A breakdown from there can give us targets of 44,200 and 44,000.

Thursdays are now dedicated to Nifty expiry. As a result, the open interest (OI) per strike has doubled. Today, there were an astonishing 10 lakh open contracts. This surge is because Bank Nifty traders have shifted their positions to Nifty after closing their positions in Bank Nifty expiry on Wednesday.

When a large number of contracts go into trouble, it can trigger a rapid short-covering rally. This is precisely what happened today. The low volatility (low Vix) market today created problems for non-directional option sellers as call premiums surged 10 to 20 times within a short period in the second half of the day. This forced all call sellers to book losses. On the other hand, it was a favourable day for directional traders who accurately predicted the upside and held their positions until the end.

How did expiry day trading go? Are you in net profit or loss? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!

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Daily Market Feed Post Market Analysis

Nifty Closes Above 19,600 Amid Volatility – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day flat at 19,581. Initially, the index consolidated in a 50-point range till 11:30 AM, broke down from the consolidation, and gradually fell to 19,490 levels. Then, it gave a sharp rebound of nearly 145 points, thanks to a 3 PM move. Nifty closed at 19,611, up by 36 points or 0.18%.

Nifty chart - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 44,494 with a small gap-down of 37 points. Similar to Nifty, Bank Nifty consolidated initially in a nearly 150 range. Then, the index fell gradually to 44,205 levels. After taking support there, BNF rebounded around 325 points! BNF closed at 44,409, down by 123 points or 0.28%.

Bank Nifty chart - Post-Market Analysis | marketfeed

All other indices except Nifty FMCG (+1%), Nifty Pharma (+0.9%), and Nifty Media (+0.2%) closed in flat-to-red. 

Major Asian markets closed mixed. European markets are currently trading in the red.

Today’s Moves

Tata Consumer Products (+3.85%) was NIFTY50’s top gainer. Reuters reported that Tata Group’s consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s. 

FACT (+18.8%) surged on the back of strong volumes. The stock has rallied more than 350% over the past year.

Sugar stocks Balrampur Chini Mills (+2.03%), EID Parry (+8%), Shree Renuka Sugar (+5.34%), Rana Sugars (+5.52%), and others moved up after Avlean, the world’s largest sugar trader, said it expects a year of sugar shortages.

Vodafone Idea (+10%) moved up in the final minutes of trading.

Axis Bank (-1.67%) was NIFTY50’s top loser.

IRFC (-4.8%) fell sharply today after zooming more than 55% in the seven previous trading sessions.

Markets Ahead

Nifty: The index is currently testing a major resistance around 19,600. We can’t confirm today’s 3 PM breakout as a major one, and a day candle close above 19,650 can be watched. In the upcoming days, we can watch 19,500 as an important support.

A good breakout from 31,500 happened in Nifty IT. Let’s see if it will sustain or not.

Bank Nifty: The index is presently in a phase of consolidation, and a breakout can be expected in the coming days. The 43,750-44000 is acting as a demand zone. Also, 44,280 can be watched as an intraday support.

HDFC Bank is trying to make a bounce back from the 1578 level, but ICICI Bank continues to face resistance from the downtrend line.

A sudden jump in crude oil prices has had a ripple effect across the globe— reviving concerns regarding inflation and the U.S. Federal Reserve possibly raising interest rates. This made U.S. bond yields go up, and foreign investors stopped buying in the Indian market. However, our markets are resilient today. Investors still believed things would get better, and that helped the market recover from the initial shock.

How did Bank Nifty expiry go? Let us know in the comments section of the marketfeed app.

Don’t forget to tune in to The Stock Market Show at 7 PM on our YouTube channel!