Geojit BNP Paribas Financial Services: "Nifty today managed to close above 5,400 getting good support at 5,350. But still the outlook of the market is uncertain and if the support of 5,350 is breached then further downside can be seen."
Fairwealth Securities: "Nifty may trade in the range 5,350-5,450. Traders are suggested to follow the strategy of selling at rise. If Nifty sustained below 5,347 huge sell off is expected. Auto stocks may show some strength, metals may also attract buying. Capital goods stocks might face selling pressure. Banking may also face selling at higher levels."
Canara Bank Securities: "Technically, Nifty has tested the support of 5,400 and 5,380 but owing to good recovery in the final moments it closed above the 5,400 level, which is a positive indication for our market. For the day, Nifty has registered its PCR level at 1.10 against 1.13 as of last trading session. Because of selling in indices heavyweights, Nifty failed to cross the 9 & 14 day`s SMA placed at 5,476 & 5,462 but managed to close above 50 and 100 day`s SMA placed at 5,395 and 5,267; these levels may act as new supports, in coming sessions. VIX for the day was at a moderate level of 18.47. RSI (14) for the day was at 45.68 levels & MACD was below the signal line, thus combined together they are giving the signals for little consolidation and ranged movement in coming days."
Bonanza Portfolio: "The market is expected to continue with the consolidation process. The market is likely to see resistance around 5,450 to 5,500 range."
Microsec Securities (Daily Fundamental): Read Here...
Microsec Securities (Daily Technical): Read Here...
Microsec Derivative Strategy: Read Here...
Kotak Securities (India Daily Strategy): Read Here...
Fairwealth Securities (Daily Market Outlook): Read Here...
FOR TODAY: US markets closed yesterday flat to positive. All Asian Markets are trading in GREEN. SGX Nifty is trading 30 points high around 5437. Nifty will open in GREEN and will try touch 5449-5450 and even to cross the same. However, if it is not able to cross 5450, GO SHORT with strict stoploss of 5455. Trading Range for the day will be probably between 5367-5450.
Disclosure: I have no position. ALWAYS TRADE WITH STOPLOSS. ONLY STOPLOSS WILL PROTECT YOUR CAPITAL.
Microsec Securities (Daily Technical): Read Here...
Microsec Derivative Strategy: Read Here...
Kotak Securities (India Daily Strategy): Read Here...
Fairwealth Securities (Daily Market Outlook): Read Here...
FOR TODAY: US markets closed yesterday flat to positive. All Asian Markets are trading in GREEN. SGX Nifty is trading 30 points high around 5437. Nifty will open in GREEN and will try touch 5449-5450 and even to cross the same. However, if it is not able to cross 5450, GO SHORT with strict stoploss of 5455. Trading Range for the day will be probably between 5367-5450.
Disclosure: I have no position. ALWAYS TRADE WITH STOPLOSS. ONLY STOPLOSS WILL PROTECT YOUR CAPITAL.
