20th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory. Photo of the Day | Sunrise of Hpa-an The Nifty rose 0.96% from the previous close to end at 10215 levels. Value fishing at lower levels and the strength in Asian markets helped domestic equity markets rise yesterday for the first time in four days. Selective accumulation in IT, banking and oil & gas counters further lifted the sentiments. Read More:: Expert Trading Calls - 17th November 2017 Nifty For the day to watch India’s FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached. The index may face resist...
Markets likely to remain volatile, Buy near 10120 levels: Benchmark indices extended their losses for third consecutive session on Wednesday, tracking weaker Asian markets, weighed down by the consumer, metal and pharma stocks.
Moreover, profit booking as well as subdued global cues and weaker crude oil prices further impacted the market mood. On the sectoral front all the major indices closed in red, exhibiting underlying weakness in the market.
Read More:: Expert Trading Calls - 16th November 2017Nifty shut the shop at 10118.05 with a loss of 68.55 points or 0.67% on closing basis. Trade deficit widened to $14.02 billion in October 2017 as against $11.13 billion in October 2016 as imports surged. Export declined by 1.12% to $23 billion during the month under review.
Technically, Nifty closed below its 21 & 50-DEMA which is currently placed near 10253 & 10143 respectively. On the higher side yesterday’s high of 10175 will act as an immediate resistance followed by 10250 levels. While on the downside 10090-10100 will be immediate support, below which 10000 & 10050.
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