Tag: nifty Bees strategy

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Nifty Ends on a Positive Note. HDFC is Getting Ready for a Breakout!- Post-Market Analysis

NIFTY opened the day at 17,867 with a gap-up of 9 pts. After the opening fall, it was purely a trending day to the upside. From the day low it moved 220+ pts and found resistance at 18,000. Nifty closed the day at 17,956, up by 98 points or 0.55%.

BANK NIFTY started the day at 42,171 with a gap-up of 89 pts. The index took support from the 41,900 regions and started moving up. It broke the 42,300 resistance and tested the resistance at 42,371. Bank Nifty closed the day at 42,371, up by 289 pts or 0.69%.

FIN NIFTY started the day at 18,567 with a gap-up of 27 pts. The index took support at the 18,450 level and bounced back to the 18,680 range. FIN Nifty closed the day at 18,646, up by 106 pts or 0.57%.

Nifty Metal (+1.2%) and Nifty PSU Bank (+1.3%) gained more than 1%. Nifty Bank (+0.69%), Nifty Finserv (+0.57%), Nifty IT (+0.74%), and Nifty Media (+0.60%) also gained well.

Major Asian Markets are closed in the green. But Japan fell more than 1%. European markets are trading well in the green.

Today’s Moves

IndusInd Bank (+2%) bounced back from its 1200-level support and closed as the Nifty 50 Top Gainer.

Titan (-1.2%) closed as the Nifty 50 Top Loser.

Wipro (-0.15%) reported a Q3 consolidated net profit of Rs 3,053 crore vs Rs 2,969 crore last year, a growth of 2.8%

HCL Tech (+0.57%) and Infy (+1.5%) posted their Q3 results yesterday. TCS (+1.2%) also moved up.

MCX (+6.3%) gained today after SEBI allowed exchanges to launch multiple contracts in the same commodity.

Brokerage firms Edelweiss (+6%) and Motilal (+4%) gained well today.

RVNL (+5%-UC) received orders worth Rs 39.97 crore from Southern Railway.

ITI (+5.5%) bagged Rs 25 crore laptop orders from Kerala Infrastructure and Technology for Education.

Kolte Patil (+17.5%) reported highest-ever quarterly sales of Rs 716 crore in Q3, up 28% (YoY)

Samvardhana Motherson (-1.1%) moved down as Volkswagen reported that 2022 deliveries are the lowest in more than a decade.

Markets Ahead

As we discussed yesterday, Nifty today showed some pullback and this would continue Monday also.

Nifty might face a good resistance above 18,000 because of this trendline. As we all know, on the downside 17,750-800 zone is very crucial.

Bank Nifty has good support around the above 41,500 zones. Nifty IT will be able to recover only if there is a strong close above 29,300.

I am expecting Fin Nifty’s 18,200 to act as strong support in the coming days.

HDFC Bank will publish its Q3 results this Saturday. Watch the 2,635 resistance in HDFC also, there might be a bounce back in the stock next week.

US and India CPI data were published yesterday and both were good. This reduces the chances of aggressive rate hikes.

India WPI inflation data will be out this Monday at 12 PM

U.K. Nov GDP (MoM) at: 0.1% vs 0.5% previous vs estimate of -0.2%.

FTSE 100 (UK) is making an amazing breakout and is at a multi-year high.

What is your stock market resolution this year? Are you able to follow it ? Share your thoughts in the comment section below. 

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Tricky Expiry! A PullBack Incoming?- Post-Market Analysis 

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NIFTY opened the day at 17,920 with a gap-up of 25 pts. The index moved 1% from day high to day low and took support from 17,760. Nifty recovered some pts towards the end and closed the day at 17,858, down by 37 points or 0.21%.

BANK NIFTY started the day at 42,238 with a gap-up of 5 pts. After breaking 42,070 the fall had more momentum with a long consolidation in between. The index took support from yesterday’s low and came back above 42,000. Bank Nifty closed the day at 42,082, down by 150 pts or 0.36%.

FIN NIFTY started the day at 18,571 with a gap-up of 4 pts. The index made a strong recovery towards the end. Fin Nifty closed the day at 18,540 down by 26 pts or 0.14%.

Only Nifty Media (+0.80%) and Nifty IT (+0.43%) closed with notable changes. Others closed flat and mixed.

Major Asian Markets are closed flat and mixed. European markets are trading well in the green.

Today’s Moves

SBI Life (+1.9%) closed as the Nifty 50 Top Gainer today.

Divis Lab (-3.1%) closed as the Nifty 50 Top Loser.

Infosys (+0.64%) reported a 9% growth in Q3 consolidated net profit at Rs 6590 crore vs Rs 6021 crore last quarter. The estimate was Rs 6480 crore.

Reliance (-2.1%), Hind Petro (-2.6%), IOC (-2.3%), and BPCL (-2.1%) fell more than 2%.

Railtel (+2.3%) received orders worth Rs 170 crore from Govt. of Puducherry.

5Paisa (+3.3%) closed in the green after reporting a huge jump in Q3 profits to Rs 11 crore from 70 lakhs in Q2.

Fitch Ratings said that it expects TCS’s (+0.17%) revenue growth to slow to 11%-12% in FY24.

Cyient (+4.2%) reported 97% growth in Q3 consolidated net profit at Rs 156 crore compared to Rs 79.1 crore last quarter. The estimate was Rs 146 crore.

According to media reports Alibaba has sold 2 crore shares in Paytm(-6.2%) today via bulk deals.

Markets Ahead

Another tricky volatile expiry.

Today Nifty broke three recent swing lows, 17,780, 17,797, and 17824. But there was no proper fall, really tricky.

The happy thing is that Nifty once again closed above 17,800. This is very important because if Nifty breaches the 17,750-800 zone there would be another sell-off to 17,550.

Looking into the structure we may see a pullback in the market to 18,100 within two trading days.

Reason for this analysis-

  • Nifty IT did not move up today even though NASDAQ gained 1.7% yesterday. Infy results are good and it would trigger a movement in Nifty IT.
  • U.S. markets closed with gains and European markets are in the green now. Our market did not respond to this.
  • Nifty did not fall even after breaking multiple recent swing lows and it is respecting the 17,750-800 zone.
  • HDFC Bank is testing 1600 resistance and HDFC is showing good buying volume.
  • For this to happen Reliance should take some rest, it has fallen 5% in three days. 
  • And also India and U.S. inflation numbers should be good.

Bank Nifty is respecting the 41,500-800 support zone where its previous all-time highs lie. Looking at the rise in volume and intraday trendline breakout, I am expecting Bank Nifty to bounce back to 42,500 within two days. But inflation data might affect all these analyses.

India (5:30 PM) and U.S. (07:00 PM) inflation data will be out today.

How was your expiry? Profit or loss? Share your answers in the comment section below. 

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Nifty Continues at Crucial Levels. Tata Motors Gains 6% – Post-Market Analysis 

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NIFTY opened the day at 18,121 with a gap-up of 20 pts. The index fell 270 pts to the day low and showed no intent to recover. Nifty gave up all the gains it made yesterday and closed the day at 17,914, down by 187 points or 1.03%.

BANK NIFTY started the day at 42,642 with a gap-up of 59 pts. The index moved down with strong momentum and hit a day low at 41,853. Bank Nifty closed the day at 42,014, down by 568 pts or 1.33%.

FIN NIFTY started the day at 18,758 with a gap-up of 26 pts. The index broke 18,500 and 18,430 supports today and finally took support at 18,400 towards the end. Fin Nifty closed the day at 18,474 down by 257 pts or 1.37%.

Nifty Bank (-1.3%), Nifty Finserv (-1.3%), and Nifty PSU Bank (-2.6%) moved down the most. Nifty Auto (+0.28%) closed with small gains.

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

Today’s Moves

Tata Motors (+6%) ended as the Nifty 50 Top Gainer as Jaguar Land Rover wholesales rose by 5.7% during Q3 compared to the second quarter.

TCS (-1%) closed in the red as the quarterly results missed street estimates.

Other Tata stocks closed without major losses.

Adani Ent (-5.4%) closed as the Nifty 50 Top Loser.

Adani Ports (-2.4%), AWL (-2.4%), and Adani Power (-2.9%) also closed in the red. ATGL (-0.76%), Adani Green (+0.20%), and Adani Trans (+1.4%) shot up towards the end. 

From Bank Nifty, SBIN (-2%), HDFC Bank (-1.8%), IDFC First Bank (-1.5%) and ICICI Bank (-1.3%) fell more than 1%.

HDFC (-1.5%), Bajaj Finance (-1.5%), and Reliance (1.5%) also moved down. 

BofA  Securities (Bank of America) downgraded Bharti Airtel (-3.2%) to “underperform” from “neutral” because the risk-reward is unfavorable.

Cement stocks- Ultatech Cements (-1.6%), Ambuja Cements (-1.9%), ACC (-1.8%), Ramco Cements (-1.8%), and  India Cements (-1.7%) closed in the red.

RBI is formulating a plan to allow credit cards to be linked to UPI. Paytm (+2%) closed in the green. 

Axis Bank (-0.69%) entered into a revised agreement with Max Financial (+4%) to acquire the remaining 7% stake in the company. 

GE Shipping’s  (+2%) unit signed a contract to buy 2007 built 80T Anchor Handling Tug Cum Supply Vessel (AHTSV).

Sona Comstar (+5.9%) acquired a 54% stake in Serbian company Novelic.

Markets Ahead

It looks like it was a retest yesterday. Today’s red-day candle engulfed yesterday’s green candle body and there is a higher chance that the fall would continue.

If Nifty breaks 17,800 we can expect the index to near the support of 17,500. And also very super strong support can be expected below 17,200 if all these levels are broken.

Bank Nifty is not looking good and an immediate stop can be expected at around 41,500. The 39,700-40,000 region will be able to provide strong support this week.

The numbers below estimates from TCS have brought a lot of negativity and also keep an eye on Infy as the results will be out this Thursday. If Infy’s numbers are bad, there would be a blood bath in Nifty IT.

Reliance made a double-bottom breakout yesterday. I am not sure if today’s fall is just a retest or not. The 2520-2535 zone will give the answers to this.

HDFC and HDFC Bank are breaking their consolidation. It will be better to avoid these stocks for a few more days.

India and US inflation data will be this Thursday, only after market hours. 

AMFI Data: 

  • December SIP inflows at Rs 13,573 crore vs Rs 13,307 crore (MoM).
  • Total Assets Under Management (AUM) Rs 39.88 lakh crore vs Rs 40.37 lakh crore (MoM).
  • Net equity inflow at Rs 7,280.40 corer vs Rs 2,224 crore (MoM).

Recently I heard a statement from Rolls Royce Global CEO- “Indians are amongst the biggest buyers of Rolls-Royces worldwide”. We are a developing economy and still, we spend so much money on luxury items. Why is Indian car makers not exploring this category? Share your thoughts in the comment section below. 

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Market Gets Cloudy. Shocking Entry for Adani Ent! – Post Market Analysis

NIFTY opened the day at 17,102, with a gap-up of 7 points. The index did not give a clear trend indication till 1:30 PM. It moved up and down around the 17,000 level. Nifty fell significantly after 2 PM and closed the day at 16,887, down by 207 points or 1.21%. 

BANK NIFTY started the day at 38,444 with a gap-down of 187 pts. The index moved down slowly with multiple consolidations in between. It broke 38,000 towards the end but took support from 37,963. Bank Nifty closed at 38,029 down by 602 points or 1.56%.

All the indices except for Nifty Pharma (+1.1%) ended in the red. Nifty Bank (-1.5%), Nifty Auto (-2%, Nifty FMCG (-2%), Nifty Metal (-3%) and Nifty PSU Bank (-2.6%) fell the  most.

Major Asian Markets except for Japan (+1%) closed in the red. European Markets are now trading 1% down.

Today’s Moves

Oil-exploration company ONGC (+4.4%) closed as Nifty 50 Top Gainer after the government increased prices for domestically produced natural gas. Shares of OIL (+3.3%) also gained.

For the same reason, city gas distribution companies-IGL (-2.7%) and MGL (-3.6%) moved down.

Adani Ent (-8.4%) saw heavy selling and closed as Nifty 50 Top Loser, after entering the Nifty 50 category today.

Other Adani stocks – Adani Ports (-4.2%), Adani Green (-8.2%), AWL (-5%-LC), Adani Power (-5%)-LC), Adani Trans (-5%) and ATGL (-7.1%) also fell heavily.

Auto companies- Eicher Motors (-5.6%), Maruti (-3.1%), Ashok Leyland (-1.5%), M&M (-1.3%), TVS Motorts (-3.5%) and Tata Motors (-1.7%) after reporting September sales numbers. 

Cement related stocks – India Cements (-5.7%), Ambuja Cements (-5.2%), ACC (-4.7%), JK Cement (-2.9%), JK Lakshmi (-2.9%), and Grasim (-2.2%) closed with loss.

Pharma stocks again outperformed, powered by good brokerage reports and expectations of better sales in the U.S and India. Auro Pharma (+4.8%), Cipla (+1.4%), Dr Reddy (+1.9%), Glenmark (+3.1%), Lupin (+6.2%) and Zydus Life (+5.8%) gained today.

Nykaa (+2.5%) has approved the issue of bonus shares 5 shares for every 1 equity share held.

MCX (+2.3%) gained after extending the agreement for technical support with 63 Moons for another 3 months.

Hotel stocks – Ind Hotel (+1.5%), Chalet Hotels (+3.8%), EI Hotel (+4.6%), Lemon tree (+1%),  and Orient Hotels (+6.8%) moved up on festival season expectations.

Markets Ahead

Cloudy Market!

Nifty opened flat and Bank Nifty opened with a decent gap-down today. Tomorrow’s market is unclear to me. Reasons?

  • The market is trying to move up more frequently but fails due to ‘sell on rise’ pressure.
  • Nifty FMCG fell heavily on a weak day, which is unusual.
  • Nifty IT witnessing highly volatile movements.
  • Bank Nifty broke 38,000, but the average close is above it.
  • HDFC Bank and HDFC tried to move up after 11 AM but did not see huge falls.

Major levels for the coming days are,

Nifty- 17,180, 17,120, 17,040, 17k, 16,980, 16,940 on the upper side. 16,820 and 16,740 as support.

Bank Nifty- 38,400, 38,700, 38,850 and 39k as resistance. On the downside, 37,830, 37,550 and 37,380 levels.

Fin Nifty-  17,400 as the major level on the upper side. 17,200, 17,110 will be watched as support.

India September S&P Global India PMI Manufacturing was reported at 55.1 vs 56.2 Previous.

Eurozone September Manufacturing PMI was posted at 48.4 against the estimate of 48.5.

Do you feel like high-level institutional activities are happening in the market as we enter the second half of this fiscal year? Share your thoughts in the comments section.

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RBI Enters as Saviour; Nifty Closes Above 17k! – Post Market Analysis

NIFTY opened the day at 16,798, with a gap-down of 20 points. The index tried to move up but was waiting for RBI updates. It suddenly fell to the day’s low just after the rate hike announcement. It was an amazing move from there and easily broke 17k and 17,100 resistance. But Nifty failed at the 17,180 level, and closed the day at 17,094, up by 276 points or 1.64%. 

BANK NIFTY started the day at 37,660 with a gap-up of 12 pts. It showed strong upside momentum without any looking back. After breaking 38,500 resistance, it hit a day high above 38,800. Bank Nifty closed at 38,631 up by 984 points or 2.61%.

All the indices ended in the green, led by Nifty PSU Bank (+3%), Nifty Realty (+1.9%), Nifty Metal (+2.1%), and Nifty Auto (+1.6%).

Major Asian Markets closed mixed with weakness. European Markets are now trading 1% down.

Today’s Moves

Hindalco (+5.2%) once again gained and closed as the Nifty 50 Top Gainer.

Asian Paints (-1.2%) closed as Nifty 50 Top Loser as crude oil prices sustain the up move.

All the Bank Nifty stocks moved up after RBI updates. AU Bank (+3.1%), Axis bank (+1.9%), Federal bank (+5%), HDFC Bank (+2.8%), ICICI Bank (+2.1%), IDFC First bank (+4.4%), IndusInd Bank (+3.7%), Kotak Bank and SBIN (+1.7%) moved up.

Other financial stocks- Bajaj Finserv (+2.5%), Bajaj Finance (+3.2%), also moved up.

Telecom companies- Reliance (+2.2%), Bharti Airtel (+4.6%), and Vodafone Idea (+3.5%) moved up ahead of the 5G launch tomorrow.

City gas distributors- IGL (-5.5%), MGL (-4.7%) and GujGas (-2.5%) fell the most from FnO segment.

DBL(+3.9%) secured a metro project worth Rs 723 crores.

Heritage Foods (+7.6%) announced the issue of equity shares in the ratio of 1:1 via a rights issue.

Share of India Cements (+9.5%) gained well on UltraTech Cements’(+1.2%) plan to acquire its project in Madhya Pradesh.

Markets Ahead

The day was all about RBI announcements.

Even though U.S markets fell yesterday, we opened flat today as everyone was eagerly waiting for RBI updates.

Today, RBI announced a rate hike of 50 basis points to 5.90%, as expected. There were no surprise announcements, but RBI Governor was very positive about our economy. Let’s check some points.

  • Bank credit has grown 16.2% in September (YoY) and the flow of financial resources has improved.
  • Real GDP growth for FY23 is expected at 7% vs 7.2% earlier.
  • India Rupee is performing better than its peers.

The market was fueled by strong comments from RBI and Nifty broke multiple resistances. But this cannot be considered a recovery signal. We need to watch the market for at least three trading days and the Nifty should close well above 17k.

Bank Nifty falling below 38,500 was a big concern this week. But if 39,400 is broken in the coming days, our market could escape from the volatility.

Reliance was super bullish from opening itself, powered by the launch of 5G services tomorrow. 

HDFC Bank broke 1400 resistance and closed around 1421, and it’s a great relief.

U.K. Q2 GDP (QoQ) was posted at 0.2% vs -0.1% previous.

Are you excited about the 5G launch? How much extra money (in %) are you ready to pay for new 5G offers in the coming months? Share your answers in the comments section of the marketfeed app.

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Bank Nifty Hits All-Time High. But Nifty Falls Below 18k. HDFC Bank Stays Strong – Post Market Analysis

NIFTY opened the day at 18,046 with a gap-up of 42 points. The index wasn’t in a state to move up and fell 230 pts to the day low. It formed a triple bottom pattern with a lot of volatility. Nifty closed the day at 17,877, down by 126 points or 0.70%. 

BANK NIFTY started the day at 41,533 with a gap-up of 128 pts. Just after the opening, the index hit a fresh all-time high at 41,840. After that profit booking kicked in, which was obvious and it moved down to 41,150 levels. Bank Nifty ended the day at 41,209, down by 196 points or 0.47%.

Nifty IT (-14%), Nifty Media 9-2.1%), Nifty Pharma (-1.2%) and Nifty Realty (-0.91%) moved the most today.

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

Today’s Moves

Kenichi Ayukawa, MD and CEO of Maruti Suzuki and president of SIAM said that the Indian auto sector will be near 100% self-reliant by 2047.

From the Auto sector, Maruti (+2.7%) and Eicher Motors (+2.2%) hit fresh all-time highs today and featured as Nifty 50 Top Gainers. 

Tyre stocks- MRF (+7.9%), CEAT (+20%), Apollo Tyre (+.5%), JK Tyre (+17.4%) also skyrocketed.

From Nifty Metal Hindalco (-3.9%), Jindal Steel (-2.3%), National Aluminium (-4.1%), SAIL (-2.1%) and Tata Steel (-1.9%)  moved down today.  Adani Ent (+4.9%) and Vedanta (+2.8%) ended in the green.

Adani Ent’s rally is a result of movements in cement stocks. Vedanta stayed strong with multiple project announcements.

IT stocks continued the fall, led by Infy (-2.8%), TechM (-2.8%) and HCL Tech (-1.3%).

Power related stocks-NTPC (+1.6%), PowerGrid (+2.2%), Adani Power (+3.8%), Tata Power (+1.6%) closed in the green.

PVR (-4.3%) fell heavily after investors sold 9% equity in the company.

Markets Ahead

Bank Nifty hits record high at 41,840. A moment to celebrate? 

We were not sure about what would happen if Bank Nifty hit fresh highs. After the initial jump, there was no buying pressure in the index and it was an indication of profit booking.

But the index is still strong. The close is not just above 40k, it’s above 41k, very interesting! 40k, 40,300, 40,850, and 41k are considered immediate supports. 

Nifty closed below 17,900 and it is not great. But the index took multiple supports from the 17,870 level and also we are expecting 17,700-800 as a very major support. Nifty will be back above 18k if Bank Nifty regains its momentum above 41,000.

HDFC Bank took support from 1512  and closed above 1515. This is a bit positive and we can add 1515,1500 1528 and1540 as major levels.

France’s August CPI (YoY) was posted at 5.9% against the estimate of 5.8%.

Fitch Ratings cut India’s GDP growth forecast for FY22/23 to 7% from 7.8%.

What’s an ESG Rating? Share your answers in the comments section of the marketfeed app.

(Check out the “Signal” tab of our app for more details!)

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Bank Nifty Breaks 40k! Nifty Closes Above Resistance Line – Post Market Analysis.

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NIFTY opened the day at 17,748 with a gap-up of 123 points. The index tried to move up but 17,800 did not let it go through. It slowly moved down and took crucial support from the resistance trendline near 17,700. The index bounced back from there and broke the intraday resistance line in the last hour. NIFTY closed the day at 17,798, up by 174 points or 0.99%. 

BANK NIFTY started the day at 39,763 with a gap-up of 308 points. Unlike Nifty, Bank Nifty was in a pure uptrend, moving in an uptrend channel without any hurry. It broke 40k around 12 pm and finally hit a day high at 40,265. Bank Nifty ended the day at 40,208 up by 753 points or 1.91%.

Bank Nifty (+1.9%), Nifty Finserv (+1.4%), Nifty IT (+0.97%) and Nifty PSU Bank (+2.5%) moved the most today. Nifty Metal (-0.90%) closed in the red.

Major Asian markets except for Hong Kong closed with gains. European markets are trading mixed.

Today’s Moves

What an amazing week for cement stocks. Shree Cement (+5.5%) once again closed as the Nifty 50 Top Gainer. 

Other cement stocks- JK Cements (+4.1%), Ultra Cements (+2.2%), Ambuja Cements (+2.9%), Ramco Cements (+1.5%) and JK Lakshmi (+13%) also moved up.

Metal stocks saw profit booking with Hindalco (-2.8%) closing as the Nifty 50 Top Loser.

Nifty Metal has moved more than 7% in just 10 days. Tata Steel (-1.6%), Coal India (-1%) also moved down.

Oil exploration companies including IOC (+2.3%), BPCL (+3.9%), and HPCL (+2.8%) gained as crude oil prices broke recent support.

Axis Bank (+3.2%), Bandhan Bank (+2.7%), HDFC Bank (+1%), ICICI Bank (+2.5%), IDFC First Bank (+1.8%), IndusInd Bank (+1.6%), Kotak Bank (+1.1%), and SBIN (+2.2%) gained well from the banking sector.

M&M (+2.5%) closed in the green ahead of the launch of the new XUV 400 electric in India 

Bharti Airtel (+2.2%) promoter Bharti Telecom has bought a 1.63% stake from Singtel entity Pastel for Rs 6,602 crore.

Angel One (+7.2%) reported that its client base grew 81.9% in August compared to last year.

Markets Ahead

A few weeks back, Nifty broke the downtrend resistance line and saw profit booking. Then it consolidated for many days and now it closed well above that line. After the first half index took support from the same line and bounced back- indicating its significance.

Bank Nifty had a great day today, forming an intraday uptrend channel. The 40,000 resistance was beautifully respected in the morning and was broken afternoon. Bank Nifty closed the day near a major level near 40,200 and is just 4% away from its all-time high.

We are so happy that our market ahead sessions are working very well this week. Please share your feedback, good or bad, so that we can improve ourselves and come up with more quality content.

We all have many festivals and celebrations depending on the place and culture and many of them are on market holidays. Can you comment on your favourite festival that always comes on a market day?

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Global Cues Help NIFTY Move Up. M&M Continues Breakout- Post Market Report

A calm end to the week. Nifty Auto stocks performs again.

NIFTY opened the day at 15,657 with a gap-up of 100pts. The index had a less volatile day, moving mostly in a 100 pts region. 15,630 – yesterday’s resistance acted as a good support today. Nifty closed at 15,699, up by 142 points or 0.92%.

BANK NIFTY started the day at 33,434 and fell into a consolidation mode.The index moved in a 220 pts region, using 33,450 as a support. Bank Nifty closed the day at 33,627, up by 492 points or 1.4%.

All sectoral indices except Nifty IT (-0.9%) closed in the green today. Nifty Bank (+1.4%), Nifty Auto (+1.9%), Nfty Media (+2.5%), Nifty Metal (+1.6%) and Nifty PSU Bank (+1.9%) closed with good gains.

Major Asian markets closed in the green today. European markets are all trading 1-2% in the green.

Today’s Moves

Once again Nifty Auto stocks stole the show. M&M(+4.3%), Hero MotoCorp (+3.2%), and Eicher Motors (+2%) featured in the Nifty 50 Top Gainers list.

Hero MotoCorp has increased the prices of its scooters and motorcycles by up to Rs 3,000. 

All the stocks from Nifty Bank and Nifty PSU Bank closed in the green. Bandhan bank (+2.9%), Federal Bank (+2.7%), ICICI Bank (+2%), IDFC First Bank (+4.2%), IndusInd Bank (+2.7%) moved the most from Bank Nifty.

S&P has affirmed a stable outlook for ICICI Bank (+2%). 

Only eight stocks from Nifty 50 closed in the red and five of them are from IT sector. TechM (-1%) and INFY (-0.78%) fell the most.

Mindtree (-2.8%), LTI (-2.4%), Mphasis (-2.1%), LTTS (-2.1%) also moved down. 

Dwarikesh Sugar (+8.9%) shot up after increasing the distillery capacity at Dwarikesh Dham unit.

Nazara Technologies closed above the 600 level after the bonus issue today. The stock was down 70% from its 52-week high before the bonus issue.

Route Mobile (+5.6%) once again moved up after the buyback plan.

Canara Bank (+2.2%) has approved raising up to Rs 9,000 crore via debt instruments in this fiscal year.

Thomas Cook (+8.5%) saw the highest volume in June as the promoter group bought 2.81 crore shares via the open market.

Markets Ahead

15,700-750 region is the next immediate resistance zone for Nifty. As we discussed yesterday, the weekly setup is indicating more upside movement if this zone is broken. On the downside, we can watch 15,630 as immediate support.

Many global IT companies are reporting good quarterly numbers. Will there be a strong pre-result rally in Nifty IT in the coming weeks?

Nifty Auto made the biggest weekly gain of more than 6% since February 2021. It will continue to be under the radar as monthly sales numbers are expected next week.

Nifty Metal ended as the worst performer of the week, down 3%. 

Michael Patra, Deputy Governor of RBI said today that the monetary policy action is in the direction and inflation will fall into limits during next Jan-march period. This gave some confidence to the market.

Global cues are currently supportive. Where do you see the Nifty next week? Let us know in the comments section of the marketfeed app!

See you at The Stock Market Show at 7 PM!

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Crazy Expiry Day Ends with Markets in Green! Auto Stocks Move up – Post Market Report

NIFTY opened the day at 15,451 and moved nearly 180 pts up to find resistance at 15,630. At this point all the indices were trading well in the green, indicating an uptrend day. Surprising everyone, the index then fell more than 250 pts from the day’s high. 

NIFTY added more thrill to the expiry by bouncing 200 pts from the day low and closed at 15,556, up by 143 points or 0.93%.

BANK NIFTY started the day at 32,927 and the index was no different compared to Nifty. It fell nearly 800 pts from the day high and then recovered 600+ points from there. Bank Nifty closed the day at 33,135, up by 289 points or 0.86%.

All sectoral indices closed in the green today. Nifty Auto (+4.3%) had an interesting day along with Nifty IT (+1.9%), Nifty Media (+1.5%), Nifty Pharma (+1.5%) and Nifty Realty (+1.6%).

Major Asian markets except Taiwan closed in the green today. European markets are all trading flat to red.

Today’s Moves

Nifty Top Gainers list is ruled today by Nifty Auto stocks. Maruti(+6.2%), Hero MotoCorp (+5.9%), Eicher Motors (+5.8%), M&M (+4.4%), Bajaj Auto (+4.1%), and Tata Motors (+3.5%) found its own place.

UPL (+3.3%) bounced back after hitting a fresh 52-week yesterday.

It wasn’t a good day for energy related stocks. Reliance (-1.6%), GAIL (-1.4%), Torrent Power (-1%), Power Grid (-1%), NTPC (-0.85%) closed in the red.

Asian Paints (+3.4%) gained more investor confidence after Promoter released a pledge of 2.8 lakh shares on June.13

IRB Infrastructure (+7.1%) closed in the green as the company received Rs 308 crore from IRB Pathankot Toll Road out of a total claim of Rs 419 crore.

Spandana Sphoorty (+20%-UC) shot up after the company said that its board and the founder Ms. Padmaja Reddy (Ex-MD) have resolved their issues.

Route Mobile (+8.5%) saw strong buying after the company announced its plan to consider proposal of buyback on June 28.

Markets Ahead

Do you remember those days when we all considered Nifty as less volatile?

Nifty was in an uptrend till 11 am and then it created a downtrend in the next two hours. Interestingly, during all the India VIX was so calm and closed just 1.9% down. As we discussed earlier Nifty is highly unpredictable now and has momentum on both sides. 

Talking about Bank Nifty it looks like the index has strong support in the pre- Covid high near the 32,650 regions. We should be watching for a good weekly green candle from there to get some relief.

Vedanta is trading at the 220 region which has been acting as a major level since 2008. Keep a watch on the stock.

In the daily candle, Nifty is giving some positivity around the 15,350 region and RSI indicator is also supporting this. We may see some greenery in the near term, but don’t forget, ‘sell on rise’ is not yet over.

Today was a trap for both sellers and buyers. How was your day? Let us know in the comments section of the marketfeed app!

See you at The Stock Market Show at 7 PM!

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Daily Market Feed Post Market Analysis

Market Loses Gains from Yesterday. Metals Crash Again – Post Market Report

Markets lose most of yesterday’s gains and move down.

NIFTY opened the day at 15,563 with a gap-down and moved down. After a fall of nearly 140 points, the index tried to bounce back but fell again. By closing time, the index reached the day-low. NIFTY closed the day at 15,413, down by 225 points or 1.44%.

BANK NIFTY started the day with a gap-down at 33,104. After a 350-point fall in the first 20 minutes, the index mostly moved sideways for the day. Ending near the day-low, Bank Nifty closed the day at 32,845, down by 346 points or 1.04%.

All sectoral indices closed in the red today. NIFTY Metal (-4.8%), NIFTY Media (-3.5%) and NIFTY Realty (-2.1%) fell the most today.

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

Today’s Moves.

BPCL (+1.5%) closed in the top-gainers of NIFTY 50 as traders expect the international crude oil price fall to help the company. Hindustan Petro also moved up.

However, oil exploration stocks including ONGC (-3%), Reliance (-3%) and OIL (-2.3%) closed in the red.

Similar to recent days Nifty Metal and Nifty Media stocks were crushed down again. Hindalco (-6.7%), Tata Steel (-5.2%) and JSW Steel (-4.4%) closed in the red from NIFTY 50.

National Aluminum (-6.2%), Jindal Steel (-5.9%), Vedanta (-5.9%), and Hindustan Copper (-7.3%) also fell.

From the Media sector, Dish TV (-7.7%), Network18 (-5%), SUNTV (-8.7%) and ZEEL (-4.6%) fell heavily.

Indigo (+1.1%) moved up after May’s Domestic air passenger traffic increased 11% from April. SpiceJet (-6.8%) however looks weak and hit its lowest since April 2020.

NIFTY 50’s fertiliser stock UPL (-6.2%) fell to hit a 52-week low.

Shares of Matrimony (+6.6%) gained after approving the buyback of shares at a price of Rs 1150/share. The current market price is around Rs 800.

Markets Ahead

International Brent crude has weakened with fear of a fall in demand. The U.K.’s inflation data for May also remain high at 9.1%.

The U.S. Dow Jones had moved up yesterday night but the Futures data today shows weakness.

Tomorrow is the weekly expiry, the second last one for the month of June. We can expect volatility in the market.

Indian Rupee fell to 78.28 per US Dollar to a record low. More and more Foreign Investments are being pulled from the country

Our market is also looking weak but the obvious support at 15,200 may take care of it for tomorrow. On the upper side, yesterday’s high could act as an intraday resistance.

Are you investing in these dips? Let us know in the comments section of the marketfeed app!

See you at The Stock Market Show at 7 PM!

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Daily Market Feed Post Market Analysis

NIFTY Bounces Back from Lows. Titan up 5% – Post Market Report

A strong recovery rally across the market as international stocks move back up.

NIFTY opened the day at 15,460 with a gap-up. After an initial fall, the index started flying up. After breaking the 15,500 resistance, there was no looking back till a day-high was created around 2 PM. NIFTY closed the day at 15,638, up by 288 points or 1.88%.

BANK NIFTY started the day with a gap-up at 32,981. After a small fall, the index of banks bounced back from 32,800 and shot up. A total 800-point rally was seen from the day-low with a fall near closing. Bank Nifty ended the day at 33,191, up by 507 points or 1.55%.

All sectoral indices closed in the green. NIFTY Media (+5.4%), NIFTY PSU Bank (+4%), NIFTY Realty (+3.6%), NIFTY Metal (+3.9%) and NIFTY IT (+3.1%) gained back the most.

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

Today’s Moves.

All stocks from NIFTY 50 closed in the green or flat.

Titan (+5.9%) bounced back up from multi-month lows and closed as the top-gainer in NIFTY 50 after the stock featured in Macquarie’s Asia ‘buy’ list.

Hindalco (+5.5%), JSW Steel (+4.7%) moved up from the metals sector. SAIL (+6%), Hindustan Copper (+7.4%) and Ratnamani (+12%) also jumped back.

Adani Total (+20%) closed at an upper circuit and gained back from the last 2 days’ fall. Sugar stock Eid Parry (+17.6%) and Gujarat State Fertiliser (+17.4%) also moved up sharply.

Goa Carbon (+15.5%) shot up after resuming operations at its Goa plant.

Markets Ahead

The market bounced back today with equal strength from all stocks and NIFTY reclaimed the 15,600 mark.

But if we observe the important levels of NIFTY, the 15,750 zone is a zone it was respecting for many months. Now that the market is below it, the level may act as a resistance while moving back up.

Bank Nifty is also bouncing back from its 52-week low, and if NIFTY reclaims the 15,750 zone we can say that the market has stabilised a bit.

NIFTY Midcap and Smallcap are also trying to recover from a year’s low. 

The major boost was given by U.S. Dow Jones Futures opening the week in the green today. Currently, the index future is up 1.6%. Let us see how their market performs tonight.

Did you catch the rally today? Let us know in the comments section of the marketfeed app!

See you at The Stock Market Show at 7 PM!

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Daily Market Feed Post Market Analysis

Midcap Sell-Off Continues. HDFC Twins Keep NIFTY in Green – Post Market Report

Markets open the week in green with HDFC Twins looking strong.

NIFTY opened the week at 15,334, nearly flat. After opening, the index took support from its 52-week low and continued Friday’s consolidation. NIFTY closed the day at 15,350, up by 56 points or 0.37%.

BANK NIFTY started the day with a slight gap-up at 32,873. Yesterday’s support at 32,480 was taken and the index bounced back twice. Bank Nifty ended the day at 32,684, down by 58 points or 0.18%.

NIFTY FMCG (+1.8%) and NIFTY Finserv (+0.96%) moved up. NIFTY Metal (-3.9%), NIFTY Media (-2.5%) and NIFTY PSU Bank (-2.4%) closed in the red.

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

Today’s Moves

The Bombay High Court has restricted Sebamed from comparing to that Hindustan Unilever’s Dove, Pears and Lux. The stock closed as the Nifty 50 top gainer, up 4%. 

Other FMCG stocks – Dabur (+3.3%), GodrejCP (+4.6%), Marico (+2.4%) and Nestle (+1.9%) also moved up.

HDFC Bank (+2.5%), HDFC (+4%) and Infosys (+1.9%) helped Nifty to close in the green, contributing 93 pts to the index. 

But Reliance (-1.8%) fell today. 

ONGC(-5%), BPCL (-1.6%), GAIL (-5.6%), ATGL (-7.4%), Reliance (-1.8%), OIL (-10.8%), MRPL (-18.9%), Chennai Petro (-15.2%) and IOC (-1%) closed in the red, following the weakness in crude oil prices.

Gaining from the crude oil fall, Asian Paints (+3.1%), Berger Paints (+3.2%) and Nerolac (+3%) performed well.

While Nifty went into consolidation, Nifty Metal (-3.9%) was getting hammered in the background. Coal India (-3.1%), Hindalco (-3.6%), Hind Copper (-9.4%), Hind Zinc (-3%), Jindal Steel (-4.8%), NMDC (-3.6%).

National Aluminum (-6.8%), SAIL (-5.1%), Tata Steel (-5%), Vedanta (-12.6%), and Welcorp (-8.6%) took the hit.

Metal stocks have been falling since Govt imposed export duty.

Cement related stocks – UltraTech Cement (+3%), Shree Cements (+2%), Ramco Cements (+2.4%), JK Lakshmi (+3%) and Grasim (+2%) moved up.

Adani Wilmar closed in the 5% lower circuit as the company slashed the prices of its edible oils by Rs 10. 

DGCA has started an investigation on SpiceJet Patna- Delhi flight fire and two other air incidents, involving the IndiGo (-5%) and SpiceJet (-6.6%) flights.

All the PSU Banks closed in the red ahead of Finance Minister’s review meeting with the chiefs. Bank Of Baroda (-4.1%), Canara Bank (-3.4%), IOB (-3.7%), J&K Bank (-4.3%) fell the most. SBIN moved down by 1.4%.

Markets Ahead

Consolidating Nifty and Bank Nifty are the most dangerous ones because they are really close to important support zones. Keeping 15k and 14,750 as Nifty supports in mind, we really need just a quick movement on the downside to reach there. 

Even though Nifty and Bank Nifty were resting, Nifty Midcap100 (-2.2%) and Smallcap100 (-3.2%) continued the fall indicating that the market is still in a mood for a sell-off.

Bank of America said that the US economy has a 40% chance of being in a recession next year as inflation remains high. The U.K is also having a recession fear. 

2 days of confusing green candles in NIFTY. If recovery does occur, the level to look out for would be 15,750 on the upper side.

Do you think the market will reverse from here? Let us know in the comments section of the marketfeed app!

See you at The Stock Market Show at 7 PM!