Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Technical Wrap - Sep 15, 2023 - HDFC Securities

Posted On: 2023-09-15 21:42:22 (Time Zone: IST)


Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty continued its upside momentum with volatility at the new highs and closed the day with decent gains of 89 points. After opening with an upside gap of 53 points, the market continued its upside momentum for better part of the sessions. Intraday dips in between have been bought into and the market closed near the highs. The opening upside gap remains unfilled and the new all time high was registered at 20222 levels.

A small positive candle was formed on the daily chart with minor upper shadow. This pattern indicates gradual upside momentum in Nifty with volatility in the last two sessions. Though, Nifty broken above the hurdle of 20K mark recently, the sharp upside momentum is missing post breakout at the new highs. Nifty on the weekly chart closed with a strong note. We observe a formation of long bull candle on the weekly chart, which is back to back for the second consecutive sessions.

The short term trend of Nifty continues to be positive. There is a possibility of further upside with volatility in the coming sessions. The next upside target to be watched at 20450 levels, which is 38.2% fibonacci extension, taken from March bottom-July top-Aug bottom. Immediate supports to be watched at 20050.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GIFT Nifty Sets an All-Time High Monthly Turnover of US $100.7 billion for the Month of September 2024

GIFT Nifty Sets an All-Time High Open Interest of US $20.84 billion on September 24, 2024

Unchanged Repo Rate Supports Affordability, Confidence in Housing Market

Coming week's market report - Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd

Technical Wrap - Dec 21, 2023 - HDFC Securities

Week ahead market report from Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd

Daily Markets Wrap - Dec 8, 2023 - HDFC Securities

Commentary on the Indian Securities Market for November 2023 - Aegon Life Insurance

Technical Wrap - Dec 8, 2023 - HDFC Securities

Daily Markets Wrap - Dec 7, 2023 - HDFC Securities

Technical Wrap - Dec 7, 2023 - HDFC Securities

Daily Markets Wrap - Dec 6, 2023 - HDFC Securities

Technical Wrap - Dec 6, 2023 - HDFC Securities

Daily Markets Wrap - Dec 5, 2023 - HDFC Securities

Technical Wrap - Dec 5, 2023 - HDFC Securities

Daily Markets Wrap - Nov 30, 2023 - HDFC Securities

Technical Wrap - Nov 30, 2023 - HDFC Securities

Daily Markets Wrap - Nov 28, 2023 - HDFC Securities

Technical Wrap - Nov 28, 2023 - HDFC Securities

View on Market Performance - Nov 24, 2023 - Mr. Deepak Jasani - Head Retail Research, HDFC Securities

Technical Wrap - Nov 24, 2023 - HDFC Securities

Views on Market Performance - Nov 23, 2023 - HDFC Securities

Daily Markets Wrap - Nov 22, 2023 - HDFC Securities

Technical Wrap - Nov 22, 2023 - HDFC Securities

Daily Markets Wrap - Nov 21, 2023 - HDFC Securities

Technical Wrap - Nov 21, 2023 - HDFC Securities

Technical Wrap - Nov 20, 2023 - HDFC Securities

Daily Markets Wrap - Nov 16, 2023 - HDFC Securities

Technical Wrap - October 3, 2023 - HDFC Securities

Weekly Market Report - Arvinder Singh Nanda, Senior Vice President - Master Capital Services Ltd

Technical Wrap - Sep 27, 2023 - HDFC Securities

Daily Markets Wrap - Sep 27, 2023 - HDFC Securities

Technical Wrap - Sep 25, 2023 - HDFC Securities

Daily Markets Wrap - Sep 22, 2023 - HDFC Securities

Technical Wrap - Sep 22, 2023 - HDFC Securities

Daily Markets Wrap - Sep 21, 2023 - HDFC Securities

Technical Wrap - Sep 21, 2023 - HDFC Securities

Technical Wrap - Sep 20, 2023 - HDFC Securities

Daily Markets Wrap - Sep 15, 2023 - HDFC Securities

Yatra Online Ltd IPO - Retail Book Subscribed 55% on Day 1, Overall Issue sees 11% demand

Daily Markets Wrap - Sep 14, 2023 - HDFC Securities

Technical Wrap - Sep 14, 2023 - HDFC Securities

Daily Markets Wrap - Sep 13, 2023 - HDFC Securities

Technical Wrap - Sep 13, 2023 - HDFC Securities

Daily Markets Wrap - Sep 12, 2023 - HDFC Securities

Technical Wrap - Sep 12, 2023 - HDFC Securities

Daily Markets Wrap - Sep 11, 2023 - HDFC Securities

Technical Wrap - Sep 11, 2023 - HDFC Securities

Daily Markets Wrap - Sep 1, 2023 - HDFC Securities

Technical Wrap - Sep 1, 2023 - HDFC Securities


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020