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Dec 28, 2018

MCX SUpport and Resistance Level


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Dec 27, 2018

Financials' rally boosts Sensex by over 300 points; Nifty eyes 10,900

Market opens The Nifty has begun January series above 10,800, while the Sensex is higher by over 150 points. 
All sectoral indices, barring metals, are trading in the green, with maximum gains visible among banks, pharmaceuticals and automobiles. The Nifty Midcap index is up half a percent.  
The Sensex is up 163.11 points or 0.46% at 35970.39, while the Nifty is higher by 46.90 points or 0.44% at 10826.70. The market breadth is positive as 318 shares advanced, against a decline of 107 shares, while 23 shares were unchanged.
Asian Paints, Vedanta, Titan and Yes Bank gained the most, while Coal India, ONGC and BPCL lost the most. 
RUPEE OPENS The Indian rupee opened higher/lower at 70.05 per US dollar. This is an appreciation of 30 paise in the currency market.
Source: https://www.moneycontrol.com/news/business/markets/market-live-financials-rally-boosts-sensex-by-over-300-points-nifty-eyes-10900-3331801.html

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Nifty closes higher on expiry day but forms bearish candle; 10,747 crucial for bulls


The Nifty50 extended gains for second consecutive session and closed the last day of December series on a positive note Thursday, but failed to hold on to 10,800 levels. Sharp rally in global stocks boosted sentiment.
The index formed a bearish candle on the daily charts as it closed lower than its opening high levels.
Experts expect the positive momentum to continue in coming sessions if the Nifty holds its crucial 10,747 levels. The January series will begin on Friday, which could see some consolidation.
The Nifty50 started off the expiry day on a strong note at 10,817.90 and remained in a positive terrain amid consolidation throughout the session. The index touched an intraday high of 10,834.20 and low of 10,764.45, before closing 49.90 points higher at 10,779.80.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-closes-higher-on-expiry-day-but-forms-bearish-candle-10747-crucial-for-bulls-3330681.html

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Dec 26, 2018

Sensex up over 250 points, Nifty holds 10,800; IT stocks gain

Market opens It is a solid start for equities on Thursday morning, tracking global cues. The Nifty hit 10,800, while the Sensex has also risen around 300 points. 
Among sectors, all of them are in the green, with maximum gains visible among banks, consumption, IT, and metals, among others.  
The Sensex is up 289.36 points or 0.81% at 35939.30, while the Nifty is higher by 84.60 points or 0.79% at 10814.50. The market breadth was positive as 357 shares advanced, against a decline of 78 shares, while 17 shares were unchanged.
Yes Bank, Sun Pharma, and Indiabulls Housing gained the most, while Power Grid, Asian Paints, HPCL and BPCL have lost the most. 
Rupee opens The Indian rupee has opened at 70.20 per US dollar against a previous close of 70.07 per dollar. The currency is down around 13 paise.
Source: Money Control

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