Stock Market Wrap up Today – Sensex index quoted 47,949 levels, down 883 points while the Nifty50 was at 14,359 levels, down 258 points.
Nifty down today 258
Nifty Move down side as per today Technical analysis .Nifty sharp fall start after the market open. and intraday low 14191 formed after test this level nifty sharp bounce and make intraday high 14382.AU Small Finance Bank, IDFC First Bank, RBL Bank, ICICI Bank, Axis Bank, IndusInd Bank, State Bank of India, Bajaj Finance, and HDFC slipped between 5 per cent and 7 per cent in the intra-day trade.
Among other defensive sectors, the Nifty IT and FMCG indices ended 0.33 per cent and 0.9 per cent down, respectively. Among cyclicals, the Nifty PSU Bank, Nifty Bank, Nifty Private Bank, and Nifty Financial Services indices slipped between 2.5 per cent and 4 per cent as concerns over near-term growth momentum and asset quality improvement due to the pandemic-induced local lockdowns weighed on sentiment.
The Nifty Auto, Realty, and Metal indices, meanwhile, tumbled up to 4 per cent.
Summary : Market move down side but after 10:30 market bounce from lower level its for positive signal for buyers.
Nifty Pharma index
the Nifty Pharma index was the only index that ended in the green, up 0.17 per cent, after media reports suggested that Prime Minister Narendra Modi is set to hold a meeting with top pharma firms later this evening to discuss supply crunch of various Covid-related drugs.
Overall, the S&P BSE Sensex tanked 1,469 points in the early deals to hit a low of 47,363 levels. On the NSE, the Nifty plummeted 427 points to 14,191 levels. However, buying at lower levels in the pharma and IT space lifted Sensex and Nifty nearly 600 points and 170 points off lows. At close, the Sensex index quoted 47,949 levels, down 883 points while the Nifty50 was at 14,359 levels, down 258 points. Both the indices ended at 1-week lows, down 1.8 per cent each.
Britannia, Dr Reddy’s Labs, Infosys, Wipro, and Cipla were the only gainers on the Nifty index, up between 0.6 per cent and 1.5 per cent. On the downside, Adani Ports, Power Grid, ONGC, Hero MotoCorp, IndusInd Bank, Bajaj Finserv, Kotak Mahindra Bank, and HDFC Life were the top drags, down up to 4 per cent.
Technical Astro Analysis Reports – AstroTechnical– Stockinfoonline.in
Open Interest STOCK GAINER TODAY
Pfizer, Lupin, Dr. Reddy’s Labs, Apollo Hospital, UBL were Top 5 OI gainers stock today.
Open Interest STOCK LOSER TODAY
Finnifty, bajaj finance, Cummins industries , AU Bank, Hdfc Life were Top 5 OI loser stock today.
Stock to Watch (Cash segment)
- DCAL ,ELECON, Geekaywire, kopran, Magma & RSystems are very high volume breakout stock in cash segment.
- DCAL Strong support 121 level.
- kopran strong support 123 & resistance will be 139.
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL .Please also read the detailed Disclaimer mentioned in the left side of Blog.
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