Market Status of whole day.....!!!
The market has been consolidating in a narrow range for the past few days and unless we get a clear signal of a break up or break down, this range could continue Positional traders should stay away but traders could take a call on either edge of the range with a 30-point stop loss for a 70-80 point target.
The market continues to stay in a range and unless 5300-5320 breaks on the downside, we should not pre-empt market declines, For the day, the Nifty needs to stay above 5387 to be positive with supports at 5353 and 5317 and resistances at 5423 and 5457,
The pre-opening session of the market begins with the Nifty and Sensex indicating a flat start today. The SGX Nifty is at 5402, down 13 points. Normal trading will start at 9.15 am.
The Indian market opens for trade this morning on a negative note following soft global cues. Earlier, the US markets ended with marginal gains with the Dow up 72 and Nasdaq up 27 odd points while Asia is in the red at this hour. Sensex is trading at 17762, down 10 points from its previous close, and Nifty is at 5384, down 6 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.3%.
After a gap-down start, the market has now picked up some steam and moved into the green. Sensex is trading at 17807, up 35 points from its previous close, and Nifty is at 5400, up 10 points. CNX Midcap index is up 0.6% and BSE Smallcap index is also up 0.6%.
As long as the Nifty stays above 5280-5290, momentum will remain in the midcaps while largecaps will continue to stay sideways.
The market is showing a gradual upmove with the Nifty now above the 5400 levels. Sensex is trading at 17813, up 40 points from its previous close, and Nifty is at 5405, up 14 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 858 against declines of 475 on the NSE.
January Inflation: Primary articles inflation has come in at 2.25% versus 3.07% (MoM), fuel group inflation is at 14.21% versus 14.91% (MoM), food articles inflation at -0.52% versus 0.74% (MoM) while manufactured products inflation is at 6.49% versus 7.41% (MoM).
The market is still showing strength though it is trading with modest gains. Sensex is at 17825, up 52 points from its previous close, and Nifty is at 5408, up 18 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 852 against declines of 519 on the NSE.
Following the 15% move across Asian markets, the nervousness among investors is increasing, We believe it is still too early to reverse our bullish stance on Asia There is plenty of talk of correction but we would be a buyer in case of corrections.
Europe is trading with a negative bias while the Indian market is still quiet and rangebound and the Nifty is just above the 5400 mark. PSU banks are seeing the most buying today. Sensex is trading at 17799, up 26 points from its previous close, and Nifty is at 5402, up 12 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 798 against declines of 619 on the NSE.
The markets are still trading flat, though with some positive bias. Realty and auto are the lead performers at this hour while oil & gas and healthcare are the biggest losers. The Sensex is trading at 17793, up 20 points from its previous close, and the Nifty is at 5402, up 12 points. The CNX Midcap index is up 1% while the BSE Smallcap index has gained 0.8% till now. The market breadth is positive with advances at 795 against declines of 640 on the NSE.
The markets closed with moderate gains today with capital goods being the best performer. The Sensex closed at 17889 (provisional), up 116 points from its previous close, and the Nifty closed at 5427 (provisional), up 37 points. The CNX Midcap index was up 1% and the BSE Smallcap index gained 0.8%. The market breadth was positive with advances at 821 against declines of 630 on the NSE.
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