Category: Post Market Analysis

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Bullish Harami Formed! Markets to Reverse? – Post-Market Analysis

NIFTY started the day flat at 19,581 with a gap-up of 58 points. Initially, the index tried moving up, but the 19,600 zone acted as resistance. Nifty consolidated near that resistance and gave a good breakout, followed by a 125-point rally till the important resistance zone of 19,730-40 levels. After 2:30 PM, the index fell sharply to close at 19,638, up by 114 points or 0.59%.

Nifty chart Sept 29 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 44,445 with a gap-up of 145 points. Right from the beginning, BNF made higher low patterns. The index moved up gradually by 400 points to 44,750 levels and took resistance there. BNF closed at 44,484, up by 287 points or 0.64%.

Bank Nifty chart Sept 29 - post-market analysis | marketfeed

All indices except Nifty IT (-0.3%) closed in the green. Nifty Pharma (+2.6%), Nifty Media (+1.96%), and Nifty Metal (+1.9%) moved up the most!

Major Asian markets closed flat-to-green. European markets are currently trading up to 1% in the green.

Today’s Moves

Hindalco (+5.65%) was NIFTY50’s top gainer. 

Glenmark Pharma (+9.8%) surged after rating agency S&P Global revised the company’s outlook to positive on the back of the proposed stake sale of Glenmark Life Sciences (GLS).

Shares of Vedanta (+6.84%) rose after the company announced the allotment of debentures worth ₹2,500 crore. The company also declared a demerger to split its business into six listed entities.

Adani Enterprises (-2.42%) was NIFTY50’s top loser. Yesterday, Abu Dhabi’s International Holding Company (IHC) decided to exit its investment in Adani Green Energy and Adani Energy Solutions.

Navin Fluorine International (-13.66%) crashed after Radhesh Welling resigned as the company’s Managing Director. 

Markets Ahead

Both Nifty and Bank Nifty showed buying pressure and tried to recover from yesterday’s fall. However, both indices couldn’t cross or close above their respective resistance levels or yesterday’s high. Indices are still under selling zones. So markets can turn bullish only after important levels are breached.

Nifty: The current swing of 19,600 can act as immediate support. And a major support to watch out for in Nifty is 19,500. A breakdown from these levels may give us targets of 19,400 and 19,350. Meanwhile, a major hurdle on the upside is 19,740 levels. A breakout from there could give us targets of 19,800 and 19,860 levels. A breach of 19,860 levels can indicate a reversal and markets to turn bullish again. 

Nifty is moving in a flag and pole pattern. So a breakout can confirm the upward movement.

Bank Nifty: The immediate support to look out for is near the round levels of 44,500. A breakdown from these levels may take the index to 44,350 and 44,200 levels. The important resistance is near today’s high of 44,780-800. A breakout could give us targets of 44,900 and 45,000. More importantly, 45,200 has to be crossed for a trend reversal.

Bank Nifty has been moving in a channel, and the channel high may be respected!

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

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Sellers Trapped! Bullish Monthly Expiry? – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 19,637 with a gap-down of 27 points. The index initially fell nearly 100 points till 19,550 levels in an hour. Then, the markets reversed with strength, recovering nearly 175 points from the day’s low to 19,730 levels. Nifty closed at 19,716, up by 51 points or 0.26%.

Nifty chart - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 44,465 with a gap-down of 160 points. After consolidating initially, the index gave a sharp fall of 300 points to 44,180 levels. Then, similar to Nifty, BNF gave a strong upward rally of 500 points till 44,700 levels. BNF closed at 44,588, down by 36 points or 0.08%.

Bank Nifty chart - post-market analysis | marketfeed

All other indices except Nifty Finserv (-0.13%) closed flat-to-green. Nifty Pharma (+1.19%) moved up the most.

Major Asian markets closed mixed. European markets are currently trading flat-to-red.

Today’s Moves

L&T (+1.8%) was NIFTY50’s top gainer. The company’s ₹10,000 crore share buyback plan was subscribed over 7 times.

ITI Ltd (+7.13%) moved up on the back of strong volumes. The stock has rallied nearly 70% in September after the company said it successfully developed branded laptops and micro PCs under the name ‘Smaash’.

Senco Gold (+14%) surged after Ambit Capital said it’s bullish on the company’s expansion prospects in East India.

Titan Company (-1.47%) was NIFTY50’s top loser.

Vedanta (-6.7%) fell sharply to hit a 14-month low after ratings agency Moody’s downgraded the corporate family rating of parent Vedanta Resources Ltd.

Markets Ahead

Markets reversed with a lot of strength from the lows (with help from Reliance and ITC). But it’s currently taking resistance from important levels (23% Fibonacci levels from the top).

Nifty: The important resistance to watch out for is 19,740, which is also the 23% rejection level. A breakout from this level could give us targets of 19,790 and 19,840. Meanwhile, immediate support for Nifty is near 19,680 levels. A breakdown from there can give us targets of 19,630 and 19,560.

Bank Nifty: The index faces an important resistance near 44,700 levels, which is also the 23% fib level. A breakout from 44,700 could give us targets of 44,800 and 44,900. The immediate support is near 44,500 round levels, and a breakdown from here will give us targets of 44,320 and 44,200.

Being monthly expiry tomorrow, if there is a gap-down, major indices could fall further down. If there’s a gap-up, they could be volatile and bullish.

As per reports, concerns about global interest rates and high crude oil prices are being balanced by positive domestic factors like expected economic growth and the potential for good corporate earnings.

What levels are you watching out for monthly expiry tomorrow? 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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Nifty Closes Flat Again! – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day flat at 19,682. The index consolidated within a 60-point range throughout the day between 19,640 and 19,700. Nifty closed at 19,664, down by 9.85 points or 0.05%.

Nifty chart Sept 26 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day flat at 44,722 with a small gap-down of 43 points. The index consolidated in a 130-point range with a bearish bias— moving in a channel. BNF closed at 44,624, down by 141 points or 0.32%.

Bank Nifty chart Sept 26 - post-market analysis | marketfeed

All indices except Nifty FMCG (+0.52%), Nifty Auto (+0.35%), Nifty Metal (+0.31%), and Nifty Realty (+0.31%) closed in the red. Nifty Media (-0.86%) fell the most.

Major Asian markets closed up to 1.4% in the red. European markets are currently trading in the red.

Today’s Moves

Eicher Motors (+2.61%) was NIFTY50’s top gainer.  Brokerage firm Jefferies maintained its ‘Buy’ rating on the stock while raising its price target from ₹4,000 to ₹4,150. 

Cochin Shipyard (+11.07%) surged on the back of strong volumes. Defence stocks Garden Reach Shipbuilders and MTAR Tech gained up to 14%. 

As per a report from ICRA, private sector firms are likely to get defence contracts worth ₹60,000 crore in FY25.

Shares of Vodafone Idea (+6.98%) closed at a 20-month high.  The company’s shares have been rising since it announced a 50% payment of its license fees and spectrum usage charge (SUC) dues for the March quarter.

Tech Mahindra (-1.3%) was NIFTY50’s top loser. 

Indiabulls Real Estate (-3.46%) fell after Creditcorp Investment Advisors sold 30.95 lakh shares of the company in a bulk deal.

Markets Ahead

Markets continued to stay at lower levels, and no signs of strength were seen. Two consecutive Doji candles have been formed in the major indices. And depending on the highs and lows getting breached, we can expect the indices to move further in that direction.

Nifty: The current support to watch out for is near 19,630 levels. A breakdown from here could give us a target of 19,500. The important resistance is near the 19,700 levels, and a breakout from there may give us a target of 19,800 on the upside.

Bank Nifty: The immediate support to look out for is near 44,600. A breakdown from this level can give us a target of 44,300. On the other hand, a major resistance for BNF is near 44,800. A breakout from this round level can give us a target of 45,000 and 45,200

It was a relatively easy FIN NIFTY expiry for non-directional option sellers as the markets consolidated. However, option buyers might have had a bad day because of the quick moves in both directions.

The overall sentiment in the Indian markets remains weak as investors exercise caution in the wake of weak global cues and increased selling activity by FIIs.

How did FIN NIFTY expiry 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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Insane Moves in Nifty Ahead of Monthly Expiry! – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day flat at 19,678. After opening, the index fell sharply to 19,600 and took support there. It then moved up by 130 points to 19,730 levels to make a double top. The index fell again by 100 points till 19,630 levels. Nifty closed at 19,674, up by 0.3 points or 0.00%.

Nifty chart Sept 25 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day flat at 44,615. The index gave multiple swings of more than 300 points initially between 44,700 to 44,400, then 44,400 to 44,950, and finally 44,950-44580. BNF closed at 44,766, up by 154 points or 0.35%.

Bank Nifty chart Sept 25 - post-market analysis | marketfeed

Nifty Realty (+1.52%) closed well in the green, while Nifty IT (-0.78%) fell the most.

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

Today’s Moves

Bajaj Finance (+4.6%) was NIFTY50’s top gainer. The company is reportedly planning a mega fundraise to the tune of $800 million-$1 billion. 

Indiabulls Real Estate (+9.32%) surged on the back of strong volumes.

MCX (+6.6%) rose up to 9% to hit a one-year high of ₹1,952.2 amid reports of the launch of a new trading platform.

Hindalco Industries (-1.98%) was NIFTY50’s top loser. 

Delta Corp (-18.59%) crashed to a 33-month low after the company received tax notices totalling ₹16,822 crore from the Directorate General of GST Intelligence on Friday.

Markets Ahead

The indices have become extremely volatile ahead of monthly expiry— making wild moves on the upside and downside. The resistance levels were respected, and the indices have come down. This indicates that the selling pressure in the markets could continue.

Nifty: The immediate resistance to watch out for is near 19,730 levels. A breakout from this level can give us a target of 19,800 on the upside. The immediate support is near today’s low (19,600 levels). A breakdown from there can make the index fall to 19,500.

Bank Nifty: The immediate support to look out for is near 44,600. A breakdown from this level can give us a target of 44,300. On the other hand, a major resistance for BNF is near 45,000. A breakout from this round level can give us a target of 45,200.

As per reports, investors are confused as major central banks are sending mixed signals. Last week, the U.S. Federal Reserve said it’s not raising interest rates for now but might do so later this year. Meanwhile, the European Central Bank (ECB) and the Bank of England (BoE) suggested they might not raise rates further.

If the US Fed keeps rates high for too long, it could harm the US economy’s chances of a soft landing (a gradual, relatively painless economic slowdown). And that could affect economies worldwide.

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

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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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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!

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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.

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BNF Indicates Consolidation This Week. PSU Banks Shine! – Post Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 20,155 with a gap-down of 36 points. After falling to 20,120 levels in the first candle, the index moved up gradually to 20,195 (the day’s high). Post 12 PM, it fell nearly 80 points (making lower lows) to hit 20,115. Nifty closed at 20,133, down by 59 points or 0.29%.

Nifty chart Sept 18 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 46,100 with a gap-down of 130 points. After trading in a 110-point range initially, the index broke out of the consolidation, and rose to 46,250 levels. Then, similar to Nifty, Bank Nifty fell sharply by 345 points over the remaining part of the day! BNF closed at 45,979, down by 251 points or 0.54%.

Bank Nifty chart Sept 18 - post-market analysis | marketfeed

All indices except Nifty PSU Bank (+3.39%), Nifty Auto (+0.84%), and Nifty FMCG (+0.58%) closed in the red. Nifty Realty (-1.37%) fell the most.

Major Asian markets closed mixed. European markets are currently trading up to 1% in the red.

Today’s Moves

PowerGrid (+3.09%) was NIFTY50’s top gainer.

Indian Overseas Bank (IOB) hit a 20% upper circuit amid a strong rally in PSU bank stocks. UCO Bank (+15.1%) and Central Bank (+9.8%) also closed well in the green.

BEL (+3.1%) went up nearly 7% intraday after the company received multiple orders worth ₹3,000 crore on Friday.

Hindalco (-2.43%) was NIFTY50’s top loser amidst selling pressure in metal stocks.

Vodafone Idea (-6.8%) fell sharply after the telecom company denied reports that US-based Verizon, Amazon, and Starlink are in a race to acquire it.

J B Chemicals (-49.79%) shares have turned ex-split. The company had announced a stock split in the ratio 1:2.

Markets Ahead

Nifty and Bank Nifty have closed without major changes, and our market is witnessing small profit booking. In the upcoming days, we can expect decent selling after every intraday rise. To catch this move, you can use simple trendlines.

The major support to look out for in Nifty will be the 20,100-130 zone. However, Bank Nifty is struggling to trade above 46,000 as the region is close to its all-time high (ATH).

Bank Nifty may not show bullishness at least for this week. Here are the reasons: 

  • ICICI Bank is facing resistance near the ₹1,000 mark. If the stock breaks this level, it will be a strong double-bottom breakout and could be a big move after a small retracement.
  • HDFC Bank failed to break the resistance at ₹1,650. Will be watching how the stock behaves near the ₹1,620 support region.
  • Bank Nifty might trade in a 1000-points range of 45,480-46,330 for a few more days. Even an ATH breakout would be a trap, because Pivot levels are indicating a strong resistance near the 46,680 region.

Reliance is testing its major trendline support, but proper horizontal-level support is only available near ₹2,400.

The markets will remain closed tomorrow (Sept 19) on account of Ganesh Chaturthi.

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

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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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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.

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