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ZoooM!!! Nifty Flies To Multi-Week Highs, Bajaj Twins Up 10% – Post Market Analysis

NIFTY opened the day at 16,774 with a gap-up of 133 points. It took support at the previous week’s high and moved 200 points to the day high. NIFTY closed the day at 16,929, up by 287 points or 1.73%. 

BANK NIFTY started the day at 37,102, up by 318 points. It also took support from the previous week’s high and found resistance exactly at the long-term resistance line. (Try connecting day highs of Feb 03 and April 04). Bank Nifty ended the day at 37,378, up by 594 points or 1.6%.

All the indices closed once again in the green today. The rally was led by Nifty Bank (+1.6%), Nifty Finserv (+2.3%), Nifty IT (+2.8%), Nifty Media (+1.3%), Nifty Metal (+1.7%) and Nifty Realty (+2%).

Major Asian markets closed flat. European markets are also trading flat currently.

Today’s Moves

Bajaj Finance (+10.6%) closed as Nifty 50 Top Gainer, post result rally phenomenon.

Bajaj Finserv (+10%) also shot up after announcing a 57% growth in Q1 consolidated profit at Rs 1,309.4 crore vs Rs 833 crore (YoY). They approved a bonus issue in the ratio of 1:1.and also a stock split in a 1:5 ratio.

As we discussed yesterday, Kotak Bank (+4.2%) is showing signs of a good recovery. ICICI Bank (+1.7%), IDFC First Bank (+2.3%), and IndusInd Bank (+3.8%) also gained.

Tata Steel closed above Rs 100 level after the stock split. The record date for the share split in the 1:10 ratio is tomorrow.

SBI Life (+3.6%) is also featured in the Top gainer list ahead of results today.

Influenced by the rally in Bajaj twins, many NBFCs including IBul Housing (+11.6%) Muthoot Fin (+4.2%), LIC Housing Finance (+2.%), Manappuram (+3.4%), and Aavas Finance (+3.3%) continued their rally.

M&M Fin (-0.8%) reported a less than estimated Q1 consolidated net profit at Rs 240 crore against a Loss of Rs 1544 crore last year.

SBI Cards (+4.5%) reported an 8% growth in Q1 net profits at Rs 626.9 crore compared to one year ago.

Q2 profits of Nestle India (+3%) fell 4.3% to Rs 515.3 in the Calendar Year 2022 compared to a year ago period.

Jubilant Food (+1.1%) posted a 63.8% jump in Q1 profit to Rs 113 crore from Rs 69 crore last year.

DB Corp (+6%) shot up after posting a turnaround profit of Rs 31 crore against a loss of Rs 22.2 last year.

Q1 profits of Shree Cement (-2.8%) halved to Rs 315 crore from Rs 662 crores last year.

SpiceJet (-3.3%) closed down as DGCA ordered it to operate only half of its flights for 8 weeks due to safety concerns. Indigo (+4%) used the opportunity to move up.

Biocon (+5.1%) fell after posting Q1 results yesterday.

Dixon (-3.2%) moved down on a weaker outlook.

Markets Ahead

The monthly expiry wasn’t a thrilling one, but we all felt that nitro power. Nifty closed with the strongest monthly expiry day candle of 2022. Also, we did not see any major selling towards the end, resulting in a bullish body candle.

Nifty has closed above 16,900- the highest since May 04, but the real test should be around 17k and 17,100 resistance.

We all have been tracking the long-term resistance line in Bank Nifty and it was tested today. It had a controlled uptrend move today and 37,400-37,500 zones can be watched. 

Nifty IT closed 2.8% up. Yesterday US technology index Nasdaq jumped more than 4%, its biggest daily percentage gain since April 2020.

Fed interest rate decision came out at a 75 basis points (bps) hike, as expected and U.S markets closed in the solid green yesterday. US GDP data will be out today and let’s watch how they close.

Hope your holdings are in good positions. Are you planning to book some profits? Share your views in the comments section of the marketfeed app.

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Nifty and Bank Nifty Closes Strong, Breaks Recent Downtrend Channel – Post Market Analysis

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NIFTY opened the day flat at 16,475 and took support at 16,440. Then the index was in a clear uptrend and hit a day high above 16,650. NIFTY has broken a downtrend channel and closed the day at 16,641, up by 157 points or 0.96%. 

BANK NIFTY started the day at 36,370 and moved more than 1.5% to the day high. The index also took support from a channel and now it was broken in the second half.  Bank Nifty ended the day at 36,783, up by 375 points or 1%.

All the indices closed in the green today. Nifty Bank (+1%), Nifty IT (+1.6%), Nifty Media (+2.1%), Nifty Pharma (+2.3%) and Nifty PSU Bank (+2%) gained well.

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

Today’s Moves

Pharma stocks saw buying again ahead of results this week. SunPharma (+3%) closed as the Nifty 50 Top Gainer. 

Alkem (+1.9%), Auro Pharma (+3%), Biocon (+1.5%), Cipla (+1.9%), Divis Lab (+2.7%), Dr Reddy (+1.7%), Glenmark (+4%) moved up.

Laurus Labs (+6.1%) shot up as Q1 profit was announced in line with estimates.

Bharti Airtel  (-1.3%) and Reliance (-0.09%) traded weak- 5G Auction effects.

Rotational buying is seen in cement stocks including Ultra Tech Cements (+2.1%), Grasim (+2.1%), ITD Cementation (+2.7%), Ramco Cements (+3.7%), JK Cement (+1.3%), and Shree Cements (1.8%). They are expecting good demand in the coming months.

LT (+2.5%) and Asian Paints (+2.4%) also featured in the Top Gainer list after posting Q1 results yesterday. 

But McDowell (-6.7%) and Tata Power (-3.6%) ended in the Fno Top Loser list post Q1 results. UBL (-1.8%) also moved down.

After the recent rally in NBFC stocks, M&M Fin (-3.6%), and SR TransFin (-1.8%) saw profit booking.

Bajaj Finance (+2.1%) posted a 160% YoY growth in Q1 net profit to Rs 2600 crore.

PVR (+3.5%) hit a 52-week high after announcing its latest innovation in cinema advertising.

Maruti Suzuki (+1.5%) posted a weaker than estimated Q1 net profit at Rs 1010 crore.

Colpal (+1.9%) saw buying after Q1 standalone net profit was reported at Rs 210 crore against the estimate of Rs 240 crore.

Google Maps has decided to launch the street view feature in India in partnership with Genesys (+5%-UC) and Tech Mahindra (+0.83%).

Markets Ahead

Nifty and Bank Nifty broke out of the recent downtrend channel in the 1-hour candle chart. And the breakout is good enough for a decent upside move.

Nifty has closed above 16,600 and it shows strength in the market. But we should be more concerned about US updates than the 16,700 resistance.

Bank Nifty is trading near a long-term resistance trendline. 37k, 37,300 and 37,600 are the resistance levels on the watchlist.

Kotak Bank is trying to recover from the recent fall and could be watched. HDFC Bank once again closed above 1400, but we need to watch the 1420 level for more clarity.

US interest rate decision will be out tonight and we have monthly expiry tomorrow. We can expect some good movies in the second half.

Are you planning any special trades for tomorrow? Share your views in the comments section of the marketfeed app.

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Nifty Closes With Strength, RBI Remains Confident – Post Market Analysis

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NIFTY opened the day at 16,661 and then fell 90 pts after testing 16,700. From there, it moved up and hit a day high at 16,752. NIFTY closed the day at 16,719, up by 114 points or 0.69%. 

BANK NIFTY started the day at 36,322 and consolidated around 36,500 for more than two hours. Then it moved up more than 300 pts, but couldn’t break 36,800 major resistance. Bank Nifty ended the day at 36,738, up by 537 points or 1.49%.

Nifty Bank (+1.4%), and Nifty Finserv (+1.5%) were the only indices with more than 1% change. Nifty Pharma (-0.27%) once again closed in the red along with Nifty IT (-0.62%).

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

Today’s Moves

Ultratech Cement (+5.3%) posted a better than the estimated Q1 consolidated net profit at Rs 1,580 crore and closed as Nifty 50 Top Gainer. 

The company said that the Indian cement industry is set to see strong demand in FY23 and other cement stocks – Ramco Cements (+3.4%), Sagar Cements (+3.2%), Shree Cements (+1.6%), India Cements (+3.8%), JK Cements (+2.2%), Grasim (+3.8%) and Orient Cements (+5.4%) moved up.

After positive comments from RBI Governor, Bank Nifty broke out and Axis bank (+2.1%), HDFC Bank (+2.3%), ICICI Bank (+1.7%), and Kotak Bank (+1.4%) gained. 

Coforge (+2.9%) reported a 21% YoY growth in Q1 consolidated profit to Rs 149.7 crore.

Nifty Auto is trading at a record high and related automotive stocks- Bharat Forge (+2.6%), Bosch (+2.7%), and Ramkrishna Forgings (+3%) performed well.

Tata Consumer (-1.7%) saw profit booking today and closed as the Top loser.

Reliance (+0.68%) closed above 2500 level ahead of Q1 results today.

HDFC AMC (-1.2%) reported a 8% YoY drop Q1 standalone net profit to Rs 314 crore.

GSFC (+14.7%) moved nearly 15% as Q1 profit grows up by 147%.

China Ferroalloy Industry Association confirmed a 60% production reduction from July 22.  The largest Indian Manganese producer, MOIL (+8.4%) skyrocketed.

Olectra Greentech (+4.5%) secured an order of 300 electric buses worth Rs 500 crores.

Markets Ahead

Nifty closed above the 16,700 mark, which is indicating strength in the market. It is very important to watch Bank Nifty movements around 36,800 levels.

Bank Nifty had the best week since January 2022, up by 6%. 

Promising words from RBI Governor today gave a boost to the market. The central bank is confident of bringing inflation below the target of 4%.

As we discussed, Nifty IT struggled at 28,500 resistance and fell heavily today. All the indices except Nifty pharma performed this week. 

ICICI Bank today tested a major resistance around Rs 800 level and could be watched in the coming 

European Central Bank Governing Council member Kazimir said that the September rate hike would be 25 bps or 50 bps. Also, multiple data came out today and they are as follows.

German Services July PMI came out below the estimate of 51.4 at 49.2 vs 52.4 previous.

German Manufacturing July PMI at 49.2 vs 52.0 Previous vs Estimate of 50.7.

Eurozone Manufacturing July PMI at 49.6 vs 52.1 previous vs Estimate of 51.0.

Eurozone Services July PMI at 50.6 vs 53.0 previous Estimate of 52.0

A great week it was! How was yours? Let us know in the comments section of the marketfeed app.

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Nifty Shows Power After Gap-Down Opening. Bank Nifty Breaks 200 EMA – Post Market Analysis

NIFTY opened the day at 16,187, tracking the weakness in US markets. Even though the index opened with a gap-down, it showed a pattern similar to yesterday (gap-up). The 16,320 level acted as a good resistance but it was broken towards the end. NIFTY closed the day at 16,340, up by 62 points or 0.38%. 

BANK NIFTY started the day at 35,113 and had momentum on the upper side. The index moved nearly 2% from day low to day high. Bank Nifty ended the day at 35,358, up by 35,720 points or 1.02%.

Nifty Realty (+2.5%), Nifty PSU Bank (+2.2%), Nifty Bank (+1%), Nifty Auto (+1%) moved the most.

Major Asian markets closed mixed. European markets are all trading currently flat.

Today’s Moves

Even after a gap down, Bank Nifty opened above the crucial level of 35k. This helped Axis Bank (+2.3%), IndusInd Bank (+2%), and SBIN (+1.5%) to feature in the Nifty 50 Top Gainers list. 

Telecom user data came out today. Reliance(+0.61%)’s Jio added net 31 lakh mobile phone users in May. Bharti Airtel (+1.4%) added a net of 10.3 lakh mobile phone users in May.

GAIL (-2.6%) fell along with MGL (-1.8%), IGL (-.0.83%) and ONGC (-1.5%). Russia, a supplier of GAIL  has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India and 

M&M (+1.9%) showed strength after surpassing the 50,000 electric three-wheeler sales milestone.

Eicher Motors (+1.3%) hit fresh 52-week highs today, backed by strong rural demand.

Tube Investment (+12.3%) shot up after it acquired a majority stake in an EV startup named IPL Tech in a deal worth Rs 246 crores.

Polycab India (+4.5%) reported a 196% growth in Q1 consolidated profit at Rs 223 crores compared to Rs 75.3 crores last year.

TV18 Broadcast (-2.2%) fell after reporting a Q1 consolidated profit of Rs 60 crores compared to Rs 220 crores the previous quarter.

HDFC Life (-1.2%) posted a 21% YoY jump inQ1 standalone profit to Rs 365 crores.

Markets Ahead

The red closing of US markets yesterday resulted in a gap-down opening of Nifty. But the Indian market continued the bullishness for the third day in a row.

Watch out for 200 EMA near the 16,500 level in Nifty. At the same time, Bank Nifty has broken the 200 EMA resistance. We can remain positive till Nifty trades above 15,900.

The upmovement in Nifty Metal and other indices has removed a lot of negativity from the market while Nifty Auto hit a 52-week high today.


Analysts are expecting a 50 bps hike from the European Central Bank. Also, European Union has asked the member countries to cut gas usage to fight winter.

The strong recovery in Nifty PSU Bank is bringing back investor confidence. Which is your favourite one in the sector?

Let us know in the comments down below.

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Amazing Start With Bank Nifty, and IT Showing Power. HDFC Bank Down 1% – Post Market Analysis

NIFTY opened the day at 16,151 with a gap-up of 102 points. The opening was strong enough and the index stayed stable, with the help of IT. After Bank Nifty also started moving, the index showed momentum and hit a day high at 16,287. NIFTY closed the day at 16,278, up by 229 points or 1.43%. 

BANK NIFTY started the day at 34,841 and didn’t try to move up til 10:30 AM. Then it took support from the day low near 34,800 and 35,000 was easily broken. Bank Nifty ended the day at 35,358, up by 676 points or 1.95%.

Nifty Bank (+1.9%), Nifty Finserv (+1.4%), Nifty IT (+3.1%), Nifty Media (+1.2%), Nfty Metal (+2.4%), Nifty PSU Bank (+2.7%), Nifty Realty (+1.2%) very well. Nifty Pharma (-0.15%), and Nifty FMCG (-0.09%) closed flat.

Major Asian markets Kong closed well in the green today. European markets are all trading more than 1% in the green.

Today’s Moves

Hindalco (+4.7%) continued the recovery after correcting 50% from its high and closed as the Nifty 50 Top Gainer.

“Buy in dips” was seen in Nifty IT after many IT stocks hit 52-week on Friday. INFY (+4.1%), TechM (+3.5%), Wipro (+2.7%), LTI (+6%) and Mindtree (+4.8%) gained the most.

All the  Bank Nifty stocks except AU Bank (+1.2%) and HDFC Bank (-1%) moved more than 2%. Axis Bank (+3.3%), Bandhan Bank (+3.8%), Federal Bank (+4.3%), ICICI Bank (+2.7%), IDFC First Bank (+4.3%), IndusInd Bank (+4.4%), Kotak Bank (+3.2%) and SBIN (+2.3%) did well. 

HDFC Bank (-1%) closed in the red after posting Q1 results on Saturday.

NBFC stocks- SrTransFin (+6.7%), Bajaj Finserv (+3.4%), Chola Finance (+5%), Manappuram (+4.9%), Muthoot Finance (+3.8%), Poonawalla (+7.1%) also had a great day

Money was pulled out of FMCG stocks when the market moved up. Britannia (-1.9%), Colpal 9-%), Emami (-1.8%), and GodrejCP (-1.7%) fell more than 1%.

BEL (+3.6%) hit a fresh 52-week high, powered by Q1 results. 

Delhi HC dismissed a plea seeking the stoppage of SpiceJet (+3.8%)operations.

Bank Of Maharashtra (+3.4%) reported a Q1 standalone net profit of Rs 450 crores against Rs 210 crores last year.

Jindal Stainless (+5%) won an order to provide 3,500 MT stainless steel for the USBRL Railway Tunnel project in Jammu & Kashmir.

Markets Ahead

What an engaging day it was! Surely, we all had an adrenaline rush after seeing the bullishness.

Nifty opened with a gap-up, deriving positivity from global markets. The index hit the highest level in four weeks and is in a position to show more power. 

Even though 16,400 and 16,500 are good resistance, we have comparatively stronger support zones right now.

Bank Nifty had a rare day. When did you last see HDFC Bank in red while Bank Nifty showed Nitro magics?

The 1,340-50 region is very important for HDFC Bank and doesn’t want to see any selling there.

India Rupee is still trading weak against US Dollar.

Finance Minister said that as per estimates, FY22 real GDP is seen growing at 8.7%. Also said other global currencies have weakened than Rupee against other US Dollar.

Morgan Stanley expects India’s GDP growth at 7.2% in FY23 against 7.6% earlier and 6.4% in FY24 (6.7% previously).

Where do you see Nifty this week? Let us know in the comments section of the marketfeed app.

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Start of the Bigger Fall? NIFTY Ends Thursday in Red – Post Market Analysis

Weekly expiry ends slightly in the red with a late-day recovery.

NIFTY opened the day at 16,018 with a gap-up, but the resistance trendline of the week did not let it move up. Once 16,000 was broken, the fall was more clear and the index hit a day low at 15,857. With the help of last-hour recovery, NIFTY closed the day at 15,938, down by 28 points or 0.18%.

BANK NIFTY started the day at 34,817 and tried to move up. But the intersection of 35,000 level and down trendline (1-hour candle) acted as a strong resistance and fell 460 pts towards the day low. Bank Nifty ended the day at 34,651, down by 176 points or 0.51%.

Nifty IT (-1.5%), Nifty PSU Bank (-2.2%) moved down while Nifty Pharma (+0.78%) closed in the green.

Major Asian markets closed mixed today. European markets are all trading 1% down currently.

Today’s Moves

Pharma stocks had a good day again. SunPharma (+2.3%) and Dr Reddy (+1.6%) moved up.

Reliance (+0.82%) and ONGC (+2.1%) closed in the green as reports of the government removing the windfall taxes surfaced again.

Maruti (+1.5%) gained after they released a teaser on Grand Vitara ahead of its global debut. The model is expected to be cheaper than its rivals.

Most of the Bank Nifty stocks including AU Bank (-2.9%), Axis Bank (-1.7%), and SBIN (-1.4%) fell while Kotak Bank (+1.6%) closed in the green.

Tata Metaliks (+0.46%) opened heavily down as Q1 profit fell 98.7%(QoQ). However, the stock closed in the green with last-minute buying.

Torrent Power (+1.6%)closed in the green after getting order worth Rs 2,600 crore from SECI (Solar Energy Corporation Of India).

Hindustan Zinc (+4.4%) did well after the company approved an interim dividend of Rs 21 per share.

Markets Ahead

Even though the U.S. market closed in the red yesterday, our markets opened with a gap-up today. And even though the levels of 16k in NIFTY were broken, Bank Nifty remained bearish and pulled the index down.

And just like that, for the weekly expiry, we saw a flat closing. During the day, the indices kept moving lower but recovered slightly in the last hour.

June’s U.S. inflation data came in at a 41-year high yesterday, and now the futures data show their markets fall sharply tonight.

So expecting a further fall now that markets are below important support zones.

How did your expiry day go? Let us know in the comments down below.

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16,000 Support Broken Again! Where Next? – Post Market Analysis

Market Falls Below Major Supports. Nifty Enters 15,900 Region.

NIFTY opened the day at 16,128 and it was a down-trending day. After breaking 16k, the level acted as a good resistance and the index hit a day low at 15,950. NIFTY closed the day at 15,966, down by 91 points or 0.57%.

BANK NIFTY started the day at 35,259 and fell 550 pts from the day’s high. After breaching the 35,000 mark, the index found support at 34,750 levels. Bank Nifty ended the day at 34,827, down by 304 points or 0.87%.

Nifty Bank (-0.87%), Nifty Finserv (-0.97%), Nifty FMCG (+0.94%), Nifty Metal (+0.80%) and Nifty Pharma (+1.3%) closed with notable changes.

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

Today’s Moves

Divis Lab (+2.4%) continued its recovery from the recent fall and closed as a Nifty 50 Top Gainer. 

AuroPharma (+4.5%), Cipla (+1.8%), Granules (+2.3%) and SunPharma (+1%) also moved up.

Infra related stocks – JSW Steel (+2.4%), Ramco Cements (+2.4%), Grasim (+1.3%) and Asian Paints (+1.6%) had a great day.

IndusInd Bank (-3.3%) closed as Nifty 50 Top Looser after the reports of the ED investigation

Top Loser list was featured with heavyweights HDFC (-2.7%), HDFC Bank (-2.4%), Reliance (-1.7%), TCS (-1.4%) and HCL Tech (-1%).

Antony Waste Handling (+5.8%) reported that it handled 1.05 million tons, an increase of 17.0% (YoY).

IDBI Bank (+4.6%) moved up with the expectation of relaxation in stake sale.

Care Rating (+15.2%) saw huge volumes as the company plans to consider the buyback of shares on July 20.l

HCL Tech (-1%) hit a fresh 52-week low today after Q1 earnings fell below estimates.

Shilpa Medicare’s (+5.2%) newly commissioned facility in Bengaluru received a GMP certificate from UK MHRA.

Markets Ahead

Markets have broken two important support levels at once. The 16k mark in NIFTY and the 35k mark of Bank Nifty.

After these levels were broken, there is now a good call option buildup indicating resistances have been formed.

Yesterday, India’s inflation data showed that price increases have cooled down. Even though this was good news, inflation still remains above 7%.

Now the important data coming out tonight is the U.S. inflation data. Currently, the U.S. market futures are in the green and we may see a gap-up if they stay this way.

Tomorrow being the weekly expiry, do expect a big move along with the U.S. markets. If there is a gap-up, expecting a recovery throughout the day.

How did your trading day go? Let us know in the comments down below.

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Markets Fall in Second Half. IT Index Reaches 52-Week Low – Post Market Analysis

Nifty Reacts to Global Weakness. Major Indices Closes in the Red.

NIFTY opened the day at 16,126 with a gap-down of 89 points. The index consolidated till 11 AM and then fell to 16,070. The region around 16,150 acted as a strong resistance and the index hit a day low at 16,031 towards the end. NIFTY closed at 16,058, down by 157 points or 0.97%.

BANK NIFTY started the day at 35,298, and the strong resistance at 35,400 didn’t allow it to move up. During the last hour, the index fell 350 pts, creating a day low of 35,047. Bank Nifty ended the day at 35,132, down by 337 points or 0.95%.

Nifty Bank (-0.95%), Nifty Auto (-1.1%), Nifty Metal (-1.22%), Nifty Finserv (-1%), Nifty FMCG (-1.1%), Nifty Media (-1.1%), Nifty Pharma (-0.91%) and Nifty IT (-1.1%) fell the most. 

Major Asian markets closed in the deep red today. European markets are all trading in the red currently.

Today’s Moves

Yesterday’s Nifty 50 Top Gainer- Eicher Motors (-3%) ended as the Top Loser today.

Oil marketing companies – IOC (-2.6%), BPCL (-2.3%), and Hind Petro (-3.7%) moved down on reports saying that they would post losses in Q1FY23.

Weakness in IT stocks after TCS’ (-0.93%) Q1 earnings continued with HCL Tech (-1.6%), Infy (-2.3%), Mphasis (-1.6%), TechM (-1%) ending in the red.

Telecom-related stocks – Indus Towers (+3.9%), ITI (+16.6%), Tejas Network (+6.1%), D-Link (+6.7%), Dixon (+3.5%), and HFCL (+5.2%) gained as the Govt. amended license rules and barred the use of non-trusted telecom gear for the expansion of communications networks.

CONCOR (+2%) closed in the green ahead of the Cabinet meeting tomorrow, which is expected to consider Indian Railways’ land licensing fee (LLF).

Adani Transmission (+2.1%) moved up after reporting strong Q1 updates.

Microfinance Institutions Network (MFIN India) said operations in Assam are to come back to normal levels by March 2023. Bandhan Bank (+2.6%) ended as the only Bank Nifty stock with gains.

NMDC (-5.6%) fell after cutting iron ore prices by 15% for July.

Markets Ahead

Finally, the Indian market reacts to global weakness. Both Nifty and Bank Nifty moved down today, but they are still trading above 16k and 35k, respectively.

Our market has been fighting against global weakness for many days. With Bank Nifty moving down today, chances of a bounce-back or recovery were very less. 

Q1 earnings below expectations from TCS have brought negativity to the IT sector and it is continuing. The IT index is just 2% away from its 1-year low, so do keep an eye out for it.

Indian Rupee hit a fresh low against the US Dollar. The Euro hits a 20-year low against US Dollar. Concerns about an energy crisis in Europe pushed the markets down in the afternoon.

Looking into the technicals, Nifty is struggling near 50 EMA on a daily candle basis. But Bank Nifty is clearly trading above 50 EMA and is expected to find resistance at 35,500 and 36,000-36,300 on the upper side.

Bank Nifty closed near the 35k zone and NIFTY closed at the 16k level. If a gap-down opening is what we see tomorrow below these levels, there could be a larger fall in the market.

Are you in an overnight trade? Let us know in the comments section.

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NIFTY Holds Strong after TCS Fall. Metals Slowly Recover – Post Market Analysis

NIFTY opened the day at 16,136 with a gap-down of 84 points. The index moved in a 50-pts range till 12:30 pm. The European markets opened with a huge loss, but then they started recovery. NIFTY also followed them and closed flat at 16,216, down by 4 points or 0.03%.

BANK NIFTY started the day above 35k at 35,017 and showed strength in the 5-min first candle itself. The index moved up very slowly to find resistance above 35,500. Bank Nifty ended the day at 35,469, up by 345 points or 0.98%.

All the indices except Nifty IT (-3%) closed in the green. Nifty Realty (+1.4%), Nifty PSU Bank (+1.8%), Nifty Metal (+1.9%) and Nifty Auto (+1%) moved more than 1% up.

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

Today’s Moves

Eicher Motors (+3.9%) got into the top-gainers after hitting a 4-year high.

Bharti Airtel (-5%) fell sharply after Adani entered the 5G spectrum auction.

TCS (-4.6%) fell sharply after reporting their Q1 results on Friday evening. HCL Tech (-4%), Infosys (-2.7%), Wipro (-1.8%) and Tech Mahindra (-1.8%) also crashed from the IT sector.

SCI (+5.4%) moved up on divestment expectations.

Media reports said that India will consider bank privatization rule in the monsoon session of parliament. IOB (+2.8%), Central Bank (+1.9%), UCO Bank (+1.3%) moved up. Govt. has a higher stake percentage in the banks.

Pennar Industries (+6.6%) shot up after securing orders worth Rs 688 crore.

Govt would consider a relook on recently-imposed export duty on steel products. JSW Steel (+1.9%), Jindal Steel (+2.2%), SAIL (+1.2%), and Tata Steel (+3%) moved up after the news. Adani Ent (+3.5%), Hind Zinc (+3.1%) and Vedanta (+2.4%) also gained.

Himadri Speciality (+10.4%) moved up after the promoter family settled disputes.

LG Energy to supply batteries for the M&M (+2.4%) EV SUVs. The battery in EVs is currently the part that requires important innovations.

Markets Ahead

Markets opened with a gap-down after bearish moves from IT stocks. In the coming days, more stocks will start coming out with their results.

NIFTY has but once again shown it is showing temporary strength. Even the fall in major stocks like TCS was compensated by an up move in Reliance and ICICI Bank.

In the coming days, we have important data like U.S. Inflation data on Wednesday and GDP data of countries like Britain. This will definitely shake the Indian and international markets up this week.

What are you expecting from the markets this week? Let us know in the comments down below.

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Markets Continue Recovery. NIFTY Ends Week 3% Higher – Post Market Analysis

A very calm end to the week. Bank Nifty closes above 35,000!

NIFTY opened the day at 16,273 with a gap-up of 140 points. The index was less volatile and moved mostly in a 50-pts range. NIFTY closed at 16,220, up by 87 points or 0.54%.

BANK NIFTY started the day above 35k at 35,258 and moved down very slowly to find support at 35,000. Bank Nifty ended the day at 35,124, up by 203 points or 0.58%.

Most of the sectoral indices consolidated. Nifty Metal (-0.88%) and Nifty Bank (+0.58%) moved the most.

Major Asian markets closed in the green today. European markets are all trading flat to green currently.

Today’s Moves

LT (+4.7%) moved once again with a huge volume and closed as Nifty 50 Top Gainer.

Energy related stocks- PowerGrid (+2.9%), NTPC (+2.3%), Coal India (+2%), Tata Power (+2.5%), Adani Trans (+3.2%) saw buying today.

HDFC Life (-1.6%) closed as Nifty 50 Top Looser while SBI Life (+1.9%) ended with gains.

M&M (+0.03%) opened 5% up after its EV plans and deals. But the stock closed flat after profit booking.

ONGC (-1.6%) moved down on reports saying that Russia would take control of the Sakhalin-1 oil, in which the company is a partner.

Indian Govt gave sugar mills additional 15 days to export 800,000 tonnes of sugar. Balram Chini (+2.1%), EidParry (+3.7%), Shree Renuka Sugar (+2.3%), Dhampur Sugar (+4.6%), and Dwarikesh Sugar (+1.4%) moved up.

HDFCAMC (+2.6%), and Nippon LIAM (+2.1%) closed in the green after June updates from AMFI.

Equity mutual funds witnessed a Rs 15,498 crore inflow in June.

China’s June Retail Passenger Vehicle Sales rose 22% compared to last year. China is expecting a 20% YoY growth in the car sector. 

Tata Motors (+2.4%) reported a global wholesales number at 316,443 units in Q1, a growth of 48% (YoY).

Vakrangee (-5%) fell down after reporting a drop in Q1 profits.

SRF (+4.9%) gained after the US decided to continue duty On R-134a (a common refrigerant) imports from China.

Markets Ahead


Nifty closed the week with gains, the third time in a row. Nifty closing above 16,200 is an excellent sign, giving more support levels till 15,800. 

Bank Nifty also made a strong close, above 35,000 and the index is expected to jump another thousand points if no bad news comes in.

HDFC Bank failed to close above 1400 and also it has resistances at 1,405, 1,420, and 1430. If these levels are broken we will see more upside in the stock.

Major concerns in the coming days are IT stocks. Their Q1 results will have a major impact and it starts with TCS today.

All the sectoral indices had a positive ending this week and Nifty FMCG moved the most.

BofA ( Bank of America)’s Bull & Bear Indicator was reported at “extreme bearish” territory for the fourth consecutive week.

European Central Bank member Visco said that interest rates will be increased by 25 bps in July.

I hope all of you are having good stocks in your portfolio. How are they now? Let us know in the comments down below.

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NIFTY Closes Above the 16k Mark. Metal Stocks Outperform – Post Market Analysis

NIFTY consolidating and BANK NIFTY moving up make for an interesting weekly expiry.

NIFTY opened the day at 16,113 with a gap-up of 123 points. The index consolidated in an 80- pts region for most of the day. 16,140 acted a strong resistance multiple times. And with the last-hour rush, NIFTY closed at 16,132, up by 143 points or 0.89%.

BANK NIFTY started the day at 34,627 and it was in a trending mode, unlike Nifty. The index struggled above 34,900 levels but managed to regain its strength after 2:15 pm. Bank Nifty ended the day at 34,920, up by 596 points or 1.74%.

All sectoral indices except Nifty FMCG (-0.08%) closed in the green today. Nifty Auto (+1.3%), Nifty Finserv (+1.2%), Nifty Metal (+3.7%), Nifty PSU Bank (+3.4%), and Nifty Realty (+2.6%) performed well.

Major Asian markets closed in the green today. European markets are all trading more than 1% in the green currently.

Today’s Moves

Nifty Metal had a great day today and Hindalco (+6%), Tata Steel (+4.%) and JSW Steel (+3.6%) featured in the Nifty 50 Top Gainers list.

Coal India (+2.3%), Hind Copper (+3.6%), Hind Zinc (+3.8%), Jindal Steel (+5%), NMDC (+3.2%), National Aluminum (+5.2%), SAIL (+4.6%) and Vedanta (+6.1%) also saw buying.

JSW Steel reported a 16% YoY growth in total steel production.

Titan (+5.6%) moved up after its Q1 business updates. Kalyan Jewellers (+4%) also did well after reporting a 100% jump in Q1 revenue.

China is planning to increase car demand with various measures, a good news for Tata Motors (+3.4%) which moved up. 

M&M’s (+2.6%) Scorpion-N has reached showrooms and a good number of sales is expected.

Tyre stocks including JK Tyre (+2.6%), CEAT (+9.5%), Apollo tyres (+4.8%), and MRF(+2.8%) reacted to the strength in Nifty Auto.

India Finance Minister has a meeting with PSU Banks at 4 pm today. Major PSU banks – Bank of Baroda (+5.5%), Canara Bank (+8.2%), India Bank (+3.6%), J&K Bank (+4%), PNB (+3.%), Union Bank (+2.8%) and SBIN (+1.4%) moved up.

Sobha (+9.8%) saw the highest trading volume in many months after a healthy Q1 update.

BHEL (+2.2%) has commissioned India’s largest floating solar PV plant.

Markets Ahead

Bank Nifty had a trending expiry while the weakness in Reliance brought total consolidation in Nifty.

The highlight of the day is – NIFTY closed above 16k with the help of a gap-up opening and also no significant gaps were made today, which is very good to continue the trend.

Everyone was keenly watching 34,800 resistance, but Bank Nifty was least bothered about it. The index has multiple resistances in the 35,000-35,500 region and a daily candle close above 35,500 is expected to bring more momentum.

Once again Reliance is near 2,370 levels, which is very crucial in determining its path. And just like we expected yesterday, the stock kept the index down and stable while Bank NIFTY performed.

For many weeks HDFC Bank has been moving in as same as Reliance’s direction, but it looks like the Bank Nifty heavyweight has different plans this time. 

Where did you trade today, Nifty of Bank Nifty and how was your day? Let us know in the comments down below.

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NIFTY Closes at 3-Week High. FMCG Stocks Shoot Up Again – Post Market Analysis

Market tries to move up again to the 16k zone.

NIFTY opened the day at 15,830 and was volatile. The index took a first resistance at the 16,000 zones and moved down 100 points. But towards the end, there was a bounce again and the index tried to cross the 16k mark. NIFTY closed at 15,989, up by 179 points or 1.13%.

BANK NIFTY started the day above 33,936 and shot up more than 200 points in 15 minutes. It then kept on moving up with volatility and hit a day-high near 34,400. Bank Nifty ended the day at 34,324, up by 508 points or 1.5%.

All sectoral indices closed in the green today. Only NIFTY Auto (+2.6%), NIFTY FMCG (+2.6%) and NIFTY REALTY (+2.2%) outperformed Media (+1.8%) moved well.

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

Today’s Moves

Gainers in NIFTY 50 were led by Britannia (+4.7%), Hindustan Unilever (+4%) and Tata Consumer (+2.8%). International crude palm oil prices falling 35% in the last few weeks have positively affected the stocks.

Emami Limited (+6.1%), GodrejCP (+5.7%), VBL (+3.2%) and UBL (+3%) were among the other FMCG stocks which closed in green.

Bajaj Finance (+4.5%) and Bajaj Finserv (+4.3%) continued their bounce from 52-week low support zones.

ONGC (-5%) and OIL (-8.6%) continued their fall after the domestic crude oil exploration tax was introduced last week.

Kansai Nerolac (+8.7%), Asian Paints (+3.4%) and Berger Paints (+2.9%) and other paint stocks gained as crude oil prices fell. 

Meanwhile, auto stocks moved up with the same positivity from the crude oil price fall. Eicher Motors (+3.6%), Hero MotoCorp ((+3.4%), Bajaj-Auto (+2.4%) and TVS Motors (+1.5%) gained well.

Havells (+3.4%) to invest Rs 400 crore for capacity expansion. The stock gained.

Markets Ahead

NIFTY has taken moved up and tried to cross the 16k mark. It has gone on to close at the highest level since June 10th. 

Bank Nifty has also shaken off yesterday’s afternoon bearishness and closed at the day-high. 

Tomorrow is the first weekly expiry for the July series and it will be really interesting to see how the indices move. So far this week, we have had two purely bullish days and a confused day like yesterday.

Reliance may act as a spoilsport even though the HDFC Twins and Bajaj Twins are showing strength. Do keep a watch on the heavyweight stocks tomorrow, especially after 1:30 PM, when we can expect volatility.

Do you have any open positions? Let us know in the comments down below.