Nifty Report

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8222 -38 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 4.00%, while the BSE Sensex 30 index fell 4.08%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 6.68% or 1.50 points to trade at 23.95 at the close. Hero MotoCorp Ltd added 2.96% or 47.30 points to end at 1643.75 and Bajaj Auto Ltd was up 1.49% or 30.15 points to 2052.50 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 9.51% or 53.80 points to trade at 511.70 in late trade. Kotak Mahindra Bank Ltd. declined 8.51% or 110.35 points to end at 1185.70 and Infosys Ltd shed 6.46% or 41.45 points to 600.05.

The breadth, indicating the overall health of the market, 1070 rose and 1017 declined, while 153 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.00% to 75.335.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on the SGX data. The downside rally could test up to 7500 level in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 8400, then the upside rally could be testing all the way up to 9000 levels in upcoming weeks/sessions. Key support at 7500.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8535 -85.95 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 3.82%, while the BSE Sensex 30 index gained 3.62%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 13.56% or 37.25 points to trade at 312.00 at the close. Britannia Industries Ltd added 8.63% or 213.45 points to end at 2687.20 and GAIL Ltd was up 8.12% or 5.75 points to 76.60 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 15.14% or 62.60 points to trade at 350.80 in late trade. Yes Bank Ltd declined 10.44% or 2.60 points to end at 22.30 and Eicher Motors Ltd. shed 2.70% or 360.10 points to 12973.00.

The breadth, indicating the overall health of the market, 1458 rose and 721 declined, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.15% to 75.502.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bullish momentum inside the channel. The market is expected to continue on bullish momentum based on the price action. The trend will continue once breaking above a key resistance holding at 8680. The upside rally could test up to 9500 level in the upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, then the downside rally could be testing all the way up to 7900 levels in upcoming weeks/sessions.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 8471.80 +181.65 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 4.38%, while the BSE Sensex 30 index fell 4.61%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 6.71% or 27.35 points to trade at 435.00 at the close. Tech Mahindra Ltd added 4.74% or 23.90 points to end at 528.00 and Nestle India Ltd was up 3.78% or 570.95 points to 15679.55 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 11.89% or 302.30 points to trade at 2240.00 in late trade. Housing Development Finance Corporation Ltd declined 10.83% or 190.00 points to end at 1564.00 and Kotak Mahindra Bank Ltd. shed 8.37% or 117.10 points to 1282.00.

The breadth, indicating the overall health of the market, 1293 fell and 872 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12% to 75.560.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bullish momentum inside the channel. The market is expected to continue on bullish momentum based on the price action. The trend will continue up to 7500 level in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data, breaking above a key resistance holding at 8400 then the upside rally could be testing all the way up to 9000 levels in upcoming weeks/sessions.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8449.50 -190 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.22%, while the BSE Sensex 30 index fell 0.44%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd, which rose 6.41% or 7.90 points to trade at 131.15 at the close. AXIS Bank Ltd added 6.18% or 21.10 points to end at 362.50 and Cipla Ltd. was up 6.05% or 23.35 points to 409.50 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 7.94% or 221.70 points to trade at 2572.00 in late trade. Hero MotoCorp Ltd declined 7.88% or 141.90 points to end at 1660.00 and IndusInd Bank Ltd. shed 5.68% or 24.75 points to 411.15.

The breadth, indicating the overall health of the market, 1119 fell and 1069 advanced, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 74.810.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bullish momentum inside the channel. The market is expected to continue on bullish momentum based on the close in NSE, rose 0.22% The trend will continue once breaking above a current resistance holding at 8750. The upside rally could be testing all the way up to 9700 levels in upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, the downside rally could be testing all the way up to 7900 levels in upcoming weeks/sessions.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 8740.25 +98.80 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 3.89%, while the BSE Sensex 30 index climbed 4.94%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 46.03% or 138.70 points to trade at 440.00 at the close. Larsen & Toubro Ltd added 10.00% or 76.55 points to end at 842.30 and Bajaj Finance Ltd was up 9.27% or 239.65 points to 2825.25 in late trade.

Biggest losers included Yes Bank Ltd, which lost 14.86% or 4.40 points to trade at 25.20 in late trade. GAIL Ltd declined 3.31% or 2.50 points to end at 73.05 and HCL Technologies Ltd shed 2.60% or 11.90 points to 445.70.

The breadth, indicating the overall health of the market, 1442 rose and 733 declined, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 1.55% to 75.174.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bullish momentum inside the channel. The market is expected to continue on bullish momentum based on the close in NSE, rose 3.89% The trend will continue once breaking above a current resistance holding at 8750. The upside rally could be testing all the way up to 9700 levels in upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, the downside rally could be testing all the way up to 7500 (long-term fall towards 4600) levels in upcoming weeks/sessions.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8317.50 -44.70 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 6.62%, while the BSE Sensex 30 index gained 6.98%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd, which rose 13.84% or 130.60 points to trade at 1074.00 at the close. HDFC Bank Ltd added 12.41% or 95.30 points to end at 863.00 and Kotak Mahindra Bank Ltd. was up 11.89% or 137.10 points to 1290.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 15.86% or 5.55 points to trade at 29.45 in late trade. IndusInd Bank Ltd. declined 3.33% or 10.40 points to end at 301.95 and Indian Oil Corporation Ltd shed 3.07% or 2.45 points to 77.25.

The breadth, indicating the overall health of the market, 1163 rose and 939 declined, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.01% to 76.379.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bullish momentum inside the channel. The market is expected to continue on bullish momentum based on the close in NSE, added 6.62%. The trend will continue once breaking above a current resistance holding at 8400. The upside rally could be testing all the way up to 8900 levels in upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, the downside rally could be testing all the way up to 7000 (long-term fall towards 4600) levels in upcoming weeks/sessions.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 7703 -146.90 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 2.51%, while the BSE Sensex 30 index climbed 2.67%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 13.97% or 73.55 points to trade at 600.00 at the close. Adani Port and Special Economic Zone Ltd added 13.81% or 28.70 points to end at 236.50 and Britannia Industries Ltd was up 11.79% or 252.15 points to 2390.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 11.45% or 4.55 points to trade at 35.20 in late trade. Mahindra & Mahindra Ltd. declined 7.98% or 23.40 points to end at 270.00 and Grasim Industries Ltd shed 7.67% or 33.25 points to 400.00.

The breadth, indicating the overall health of the market, 1273 fell and 885 advanced, while 137 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.17% to 76.192.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 7700. The downside rapid fall could be testing all the way up to 6500 levels in upcoming weeks/sessions. A long-term support awaits at 4500.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 7828.75 +349.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 12.98% to hit a new 3-year low, while the BSE Sensex 30 index fell 13.15%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which fell 2.54% or 4.00 points to trade at 153.25 at the close. GAIL Ltd fell 2.60% or 2.10 points to end at 78.70 and Cipla Ltd. was down 3.26% or 12.80 points to 380.00 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 27.60% or 118.15 points to trade at 310.00 in late trade. Bajaj Finserv Ltd declined 27.48% or 1713.05 points to end at 4520.00 and IndusInd Bank Ltd. shed 23.92% or 105.35 points to 335.00.

The breadth, indicating the overall health of the market, 1952 fell and 211 advanced, while 120 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.90% to 76.075.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 7500. The downside rapid fall could be testing all the way up to 6500 levels in upcoming weeks/sessions. A long-term support awaits at 4500.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 7765.25 -972.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 5.83%, while the BSE Sensex 30 index climbed 5.75%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 22.61% or 28.05 points to trade at 152.10 at the close. Oil and Natural Gas Corporation Ltd added 17.77% or 10.85 points to end at 71.90 and GAIL Ltd was up 16.43% or 11.40 points to 80.80 in late trade.

Biggest losers included Yes Bank Ltd, which lost 14.67% or 7.90 points to trade at 45.95 in late trade. HDFC Bank Ltd declined 1.60% or 14.30 points to end at 881.25 and Adani Port and Special Economic Zone Ltd shed 1.22% or 3.15 points to 255.20.

The breadth, indicating the overall health of the market, 1380 rose and 952 declined, while 134 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.38% to 75.065.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 8600. The downside rapid fall could be testing all the way up to 7600-7000 levels in upcoming weeks/sessions.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 8223.75 +17.85 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 2.42% to hit a new 3-year low, while the BSE Sensex 30 index declined 2.01%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 6.77% or 10.20 points to trade at 160.90 at the close. Bharti Airtel Ltd. added 4.46% or 19.00 points to end at 444.55 and Infosys Ltd was up 3.28% or 17.50 points to 551.80 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 18.28% or 27.40 points to trade at 122.50 in late trade. Coal India Ltd declined 15.51% or 22.50 points to end at 122.55 and Zee Entertainment Enterprises Ltd. shed 13.80% or 22.65 points to 141.45.

The breadth, indicating the overall health of the market, 1744 fell and 538 advanced, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.84% to 75.170.

Technical outlook

Nifty weekly chart has formed "Rising channel" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 8200. The downside rapid fall could be testing all the way up to 7000 levels in upcoming weeks/sessions.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8114.75 -327.20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 5.56% to hit a new 3-year low, while the BSE Sensex 30 index lost 5.59%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 26.97% or 35.90 points to trade at 169.00 at the close. Yes Bank Ltd added 5.12% or 3.00 points to end at 61.65 and Oil And Natural Gas Corporation Ltd was up 3.33% or 2.00 points to 62.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 23.99% or 144.95 points to trade at 459.20 in late trade. Bharti Infratel Ltd declined 22.48% or 43.70 points to end at 150.70 and Kotak Mahindra Bank Ltd. shed 11.47% or 151.70 points to 1171.00.

The breadth, indicating the overall health of the market, 1909 fell and 349 advanced, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.35% to 74.320.

Technical outlook

Nifty weekly chart has formed "Rising channel" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum based on SGX data, the trend will continue once breaking below a current support holding at 8350. The downside rapid fall could be testing all the way up to 7700-7000 levels in upcoming weeks/sessions.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 8998.50 +98.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 2.50% to hit a new 3-year low, while the BSE Sensex 30 index lost 2.58%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 59.30% or 22.00 points to trade at 59.10 at the close. Hindustan Unilever Ltd. added 3.09% or 60.05 points to end at 2001.95 and Eicher Motors Ltd. was up 2.77% or 456.30 points to 16950.00 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 20.05% or 33.35 points to trade at 133.00 in late trade. IndusInd Bank Ltd. declined 9.20% or 61.10 points to end at 603.05 and ICICI Bank Ltd shed 8.92% or 35.95 points to 366.95.

The breadth, indicating the overall health of the market, 1562 fell and 737 advanced, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.32% to 74.235.

Technical outlook

Nifty weekly chart has formed "Rising channel" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 8900. The downside rapid fall could be testing all the way up to 7900 levels in upcoming weeks/sessions.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9238.25 +142.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 7.61% to hit a new 52-week low, while the BSE Sensex 30 index fell 7.96%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 45.01% or 11.50 points to trade at 37.05 at the close. Bajaj Auto Ltd fell 0.77% or 18.10 points to end at 2339.00 and Nestle India Ltd was down 1.28% or 191.80 points to 14800.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 18.35% or 147.50 points to trade at 656.25 in late trade. JSW Steel Ltd declined 14.82% or 31.85 points to end at 183.05 and Vedanta Ltd shed 10.89% or 9.15 points to 74.90.

The breadth, indicating the overall health of the market, 1928 fell and 401 advanced, while 142 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.54% to 74.240.

Technical outlook

Nifty weekly chart has formed "Rising channel" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum starting from a gap up formation based on SGX data, the trend will continue once breaking below a current support holding at 9100. The downside rapid fall could be testing all the way up to 8500-7900 levels in upcoming weeks/sessions.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9579 -404.95 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 3.81%, while the BSE Sensex 30 index gained 4.04%.

The biggest gainers of the session on the Nifty 50 were State Bank of India, which rose 14.89% or 31.65 points to trade at 244.25 at the close. Tata Steel Ltd added 14.52% or 41.75 points to end at 329.20 and Housing Development Finance Corporation Ltd was up 10.50% or 196.95 points to 2072.65 in late trade.

Biggest losers included UPL Ltd, which lost 7.15% or 31.70 points to trade at 411.90 in late trade. Zee Entertainment Enterprises Ltd. declined 4.17% or 7.95 points to end at 182.70 and Nestle India Ltd shed 3.70% or 575.40 points to 14990.15.

The breadth, indicating the overall health of the market, 1183 rose and 1079 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.88% to 73.918.

Technical outlook

Nifty weekly chart has formed "Megaphone chart" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum based on SGX nifty, breaking below a current support holding at 9700. The downside rapid fall could be testing all the way up to 9350-9000 levels in upcoming weeks/sessions.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8945.25 -634.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 8.30% to hit a new 52-week low, while the BSE Sensex 30 index lost 8.18%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which fell 1.22% or 2.75 points to trade at 222.00 at the close. Asian Paints Ltd. fell 1.59% or 29.90 points to end at 1852.95 and Nestle India Ltd was down 2.23% or 358.55 points to 15690.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 13.02% or 3.75 points to trade at 25.05 in late trade. UPL Ltd declined 12.95% or 66.95 points to end at 450.00 and Vedanta Ltd shed 12.61% or 11.60 points to 80.40.

The breadth, indicating the overall health of the market, 2131 fell and 202 advanced, while 100 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.73% to 74.215.

Technical outlook

Nifty weekly chart has formed "Rising wedge" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum based on SGX nifty, breaking below a major support holding at 9600. The downside rapid fall could be testing all the way up to 8700-6200 levels in upcoming weeks/sessions.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9984.75 -470.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.07% to hit a new 52-week low, while the BSE Sensex 30 index added 0.18%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 36.71% or 7.80 points to trade at 29.05 at the close. Zee Entertainment Enterprises Ltd. added 7.48% or 14.55 points to end at 209.00 and Bharti Infratel Ltd was up 6.61% or 13.95 points to 224.95 in late trade.

Biggest losers included GAIL Ltd, which lost 10.20% or 10.25 points to trade at 90.20 in late trade. Tata Steel Ltd declined 7.76% or 25.00 points to end at 297.30 and Tata Motors Ltd shed 6.95% or 7.35 points to 98.35.

The breadth, indicating the overall health of the market, 1345 fell and 1005 advanced, while 158 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.70% to 73.627.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum based on sgx nifty, breaking below a key support holding at 10340. The downside rally could be testing all the way up to 10200-10000 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 10700 level. Key resistance holds at 10700.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10412.80 -34.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 4.90% to hit a new 52-week low, while the BSE Sensex 30 index declined 5.17%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 32.20% or 5.20 points to trade at 21.35 at the close. Bharat Petroleum Corp. Ltd. added 5.45% or 21.95 points to end at 425.05 and Bharti Infratel Ltd was up 2.85% or 5.80 points to 209.50 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 15.99% or 14.15 points to trade at 74.35 in late trade. Vedanta Ltd declined 15.26% or 16.95 points to end at 94.10 and Reliance Industries Ltd shed 13.10% or 166.50 points to 1104.50.

The breadth, indicating the overall health of the market, 2083 fell and 327 advanced, while 156 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.09% to 74.067.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bearish momentum, once the same break below a key support holding at 10410. The downside rally could be testing all the way up to 10250-10100 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 10750 level. Key resistance holds at 10750.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10580 -347.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 2.48% to hit a new 3-month low, while the BSE Sensex 30 index lost 2.32%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd, which rose 1.53% or 41.35 points to trade at 2745.00 at the close. GAIL Ltd added 0.84% or 0.90 points to end at 107.70 and Maruti Suzuki India Ltd. was up 0.43% or 27.15 points to 6393.10 in late trade.

Biggest losers included Yes Bank Ltd, which lost 54.89% or 20.20 points to trade at 16.60 in late trade. Tata Motors Ltd declined 9.50% or 11.95 points to end at 113.80 and Zee Entertainment Enterprises Ltd. shed 7.29% or 17.35 points to 220.80.

The breadth, indicating the overall health of the market, 1837 fell and 493 advanced, while 115 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.41% to 73.800.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last session ended up in gap down formation inside the channel. The market is expected to continue on bullish momentum, testing all the way up to 11300 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 10920 then it might turn bearish once again. The downside rally could test up to 10600 level. Key resistance holds at 11300.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10846 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.16%, while the BSE Sensex 30 index climbed 0.16%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 26.96% or 7.90 points to trade at 37.20 at the close. Eicher Motors Ltd. added 2.96% or 511.35 points to end at 17765.55 and Kotak Mahindra Bank Ltd. was up 2.65% or 42.60 points to 1650.55 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 5.58% or 14.05 points to trade at 237.70 in late trade. Hindalco Industries Ltd. declined 2.96% or 4.75 points to end at 155.85 and Bharti Infratel Ltd shed 2.56% or 5.65 points to 215.40.

The breadth, indicating the overall health of the market, 1171 fell and 1120 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.37% to 73.255.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last few sessions ended up sideways formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11230. The downside rally could be testing all the way up to 11050-10900-10700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11550 level. Key resistance holds at 11550.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11235 -12 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.46%, while the BSE Sensex 30 index fell 0.55%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 4.83% or 20.55 points to trade at 445.85 at the close. Dr. Reddy’s Laboratories Ltd added 4.14% or 126.05 points to end at 3169.75 and Sun Pharmaceutical Industries Ltd. was up 2.78% or 10.95 points to 404.50 in late trade.

Biggest losers included Yes Bank Ltd, which lost 6.09% or 1.90 points to trade at 29.30 in late trade. Eicher Motors Ltd. declined 4.01% or 716.90 points to end at 17171.55 and Bajaj Finance Ltd shed 3.91% or 174.20 points to 4279.90.

The breadth, indicating the overall health of the market, 1641 fell and 641 advanced, while 127 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.27% to 73.229.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last few sessions ended up sideways formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11200. The downside rally could be testing all the way up to 11050-10900 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11550 level. Key resistance holds at 11550.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11282.50 +12.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.53%, while the BSE Sensex 30 index climbed 1.26%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 7.75% or 8.60 points to trade at 119.55 at the close. Zee Entertainment Enterprises Ltd. added 7.38% or 17.25 points to end at 251.10 and Hindalco Industries Ltd. was up 6.91% or 10.35 points to 160.10 in late trade.

Biggest losers included Bajaj Auto Ltd, which lost 3.58% or 99.95 points to trade at 2692.25 in late trade. Yes Bank Ltd declined 1.11% or 0.35 points to end at 31.20 and ITC Ltd shed 0.64% or 1.25 points to 194.05.

The breadth, indicating the overall health of the market, 1174 rose and 1110 declined, while 140 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.39% to 73.160.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last few sessions ended up sideways formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11330. The upside rally could be testing all the way up to 11500 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11030 level. Key support holds at 11030.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11136 +14.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.62% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.40%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 2.48% or 411.05 points to trade at 17013.40 at the close. HCL Technologies Ltd added 2.48% or 13.25 points to end at 547.60 and Nestle India Ltd was up 2.23% or 351.35 points to 16130.20 in late trade.

Biggest losers included Yes Bank Ltd, which lost 8.82% or 3.05 points to trade at 31.55 in late trade. State Bank of India declined 5.08% or 15.40 points to end at 287.60 and Tata Steel Ltd shed 4.64% or 17.70 points to 364.05.

The breadth, indicating the overall health of the market, 1440 fell and 892 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 72.445.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last few sessions ended up sideways formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11100. The downside rally could be testing all the way up to 11000-10900 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11400 level. Key resistance holds at 11400.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11267 +100 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 3.71% to hit a new 3-month low, while the BSE Sensex 30 index declined 3.64%.

The biggest gainers of the session on the Nifty 50 were Indian Oil Corporation Ltd, which rose 0.57% or 0.60 points to trade at 106.25 at the close. Maruti Suzuki India Ltd. added 0.07% or 4.25 points to end at 6294.05 and ITC Ltd was down 0.48% or 0.95 points to 196.60 in late trade.

Biggest losers included Vedanta Ltd, which lost 13.56% or 17.70 points to trade at 112.85 in late trade. Tata Motors Ltd declined 10.74% or 15.60 points to end at 129.65 and Hindalco Industries Ltd. shed 7.93% or 13.35 points to 155.00.

The breadth, indicating the overall health of the market, 1919 fell and 421 advanced, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.63% to 72.103.

Technical outlook

Nifty daily chart has formed "Descending broadening wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11170. The downside rally could be testing all the way up to 11000 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11400 level. Key resistance holds at 11400.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11420 -189 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.39% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.36%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 3.55% or 13.30 points to trade at 388.00 at the close. Britannia Industries Ltd added 1.93% or 58.60 points to end at 3099.95 and Titan Company Ltd was up 1.86% or 23.40 points to 1278.50 in late trade.

Biggest losers included Wipro Ltd, which lost 3.52% or 8.45 points to trade at 231.45 in late trade. Oil and Natural Gas Corporation Ltd declined 3.03% or 2.90 points to end at 92.90 and JSW Steel Ltd shed 3.03% or 7.90 points to 252.90.

The breadth, indicating the overall health of the market, 1495 fell and 810 advanced, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.05% to 71.615.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11600. The downside rally could be testing all the way up to 11500-11400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11900 level. Key resistance holds at 11900.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11670 -55 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.01%, while the BSE Sensex 30 index lost 0.97%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 4.98% or 1.75 points to trade at 36.90 at the close. State Bank of India added 0.41% or 1.35 points to end at 328.15 and Bharti Infratel Ltd was up 0.14% or 0.30 points to 216.60 in late trade.

Biggest losers included GAIL Ltd, which lost 5.13% or 5.85 points to trade at 108.15 in late trade. Sun Pharmaceutical Industries Ltd. declined 3.83% or 14.90 points to end at 374.00 and Tata Motors Ltd shed 3.60% or 5.40 points to 144.50.

The breadth, indicating the overall health of the market, 1544 fell and 796 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.23% to 71.645.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11640. The downside rally could be testing all the way up to 11500-11400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 11900 level. Key resistance holds at 11900.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11724 -94 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.27%, while the BSE Sensex 30 index fell 0.20%.

The biggest gainers of the session on the Nifty 50 were Tata Consultancy Services Ltd., which rose 2.25% or 47.65 points to trade at 2163.00 at the close. JSW Steel Ltd added 1.60% or 4.15 points to end at 263.10 and Tata Steel Ltd was up 1.53% or 6.35 points to 421.80 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd, which lost 2.67% or 84.80 points to trade at 3091.50 in late trade. Hindalco Industries Ltd. declined 2.60% or 4.65 points to end at 174.40 and Sun Pharmaceutical Industries Ltd. shed 2.60% or 10.35 points to 387.50.

The breadth, indicating the overall health of the market, 1402 fell and 925 advanced, while 167 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.04% to 71.891.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11770. The downside rally could be testing all the way up to 11650-11550 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12050 level. Key resistance holds at 12050.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11894.50 +73.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 2.08%, while the BSE Sensex 30 index lost 1.96%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which fell 0.14% or 1.10 points to trade at 795.90 at the close. Kotak Mahindra Bank Ltd. fell 0.39% or 6.55 points to end at 1679.40 and HDFC Bank Ltd was down 0.56% or 6.85 points to 1210.25 in late trade.

Biggest losers included JSW Steel Ltd, which lost 7.35% or 20.70 points to trade at 261.10 in late trade. Vedanta Ltd declined 6.46% or 9.20 points to end at 133.15 and Tata Steel Ltd shed 6.28% or 27.85 points to 415.70.

The breadth, indicating the overall health of the market, 1685 fell and 706 advanced, while 166 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.05% to 71.905.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11800. The downside rally could be testing all the way up to 11700-11600 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12050 level. Key resistance holds at 12050.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11943 -91.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.37%, while the BSE Sensex 30 index declined 0.37%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 3.40% or 38.80 points to trade at 1180.95 at the close. Zee Entertainment Enterprises Ltd. added 3.29% or 8.30 points to end at 260.55 and Tata Steel Ltd was up 2.37% or 10.25 points to 443.45 in late trade.

Biggest losers included Cipla Ltd., which lost 2.41% or 10.80 points to trade at 436.70 in late trade. Asian Paints Ltd. declined 2.10% or 39.65 points to end at 1845.25 and Hindustan Unilever Ltd. shed 1.80% or 41.15 points to 2251.00.

The breadth, indicating the overall health of the market, 1424 rose and 969 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.20% to 71.815.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 11900 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 12140 then it might turn bullish once again. The upside rally could test up to 12300 level. Key support holds at 11900.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12103 -43 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.11%, while the BSE Sensex 30 index gained 1.05%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 7.00% or 14.70 points to trade at 224.70 at the close. Grasim Industries Ltd added 4.41% or 31.90 points to end at 755.80 and Coal India Ltd was up 3.46% or 5.95 points to 177.80 in late trade.

Biggest losers included Tata Motors Ltd, which lost 2.17% or 3.50 points to trade at 158.10 in late trade. JSW Steel Ltd declined 1.40% or 4.00 points to end at 280.80 and Sun Pharmaceutical Industries Ltd. shed 1.32% or 5.40 points to 403.25.

The breadth, indicating the overall health of the market, 1424 rose and 969 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 71.497.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12150. The upside rally could be testing all the way up to 12300-12400 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11900 level. Key support holds at 11900.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12080.50 +62 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.44%, while the BSE Sensex 30 index fell 0.39%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd, which rose 2.92% or 4.90 points to trade at 172.75 at the close. Zee Entertainment Enterprises Ltd. added 2.72% or 6.50 points to end at 245.70 and Bharat Petroleum Corp. Ltd. was up 2.31% or 10.65 points to 472.30 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 11.34% or 26.65 points to trade at 208.35 in late trade. Yes Bank Ltd declined 6.33% or 2.35 points to end at 34.80 and Tata Motors Ltd shed 3.87% or 6.55 points to 162.55.

The breadth, indicating the overall health of the market, 1533 fell and 833 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.22% to 71.475.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11960. The downside rally could be testing all the way up to 11800-11700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12250 level. Key resistance holds at 12250.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12043.50 -29.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.56%, while the BSE Sensex 30 index fell 0.49%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd, which rose 1.73% or 22.35 points to trade at 1315.80 at the close. Nestle India Ltd added 1.58% or 258.50 points to end at 16614.95 and Vedanta Ltd was up 0.85% or 1.20 points to 142.30 in late trade.

Biggest losers included Yes Bank Ltd, which lost 3.98% or 1.55 points to trade at 37.35 in late trade. Coal India Ltd declined 3.81% or 6.65 points to end at 168.10 and GAIL Ltd shed 3.71% or 4.55 points to 118.00.

The breadth, indicating the overall health of the market, 1645 fell and 783 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.22% to 71.372.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 12020. The downside rally could be testing all the way up to 11900-11800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12250 level. Key resistance holds at 12250.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12087.50 -43 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.50%, while the BSE Sensex 30 index declined 0.49%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 5.38% or 2.00 points to trade at 39.20 at the close. Bharti Airtel Ltd. added 4.38% or 23.65 points to end at 563.60 and UPL Ltd was up 2.46% or 14.25 points to 593.00 in late trade.

Biggest losers included GAIL Ltd, which lost 5.49% or 7.15 points to trade at 123.15 in late trade. Bharti Infratel Ltd declined 5.45% or 13.35 points to end at 231.50 and IndusInd Bank Ltd. shed 3.72% or 45.75 points to 1185.00.

The breadth, indicating the overall health of the market, 1540 fell and 858 advanced, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.09% to 71.384.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 11900 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 12190 then it might turn bullish once again. The upside rally could test up to 12400 level. Key support holds at 11900.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12185.50 +35 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.22%, while the BSE Sensex 30 index lost 0.26%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 6.39% or 2.25 points to trade at 37.45 at the close. Dr. Reddy’s Laboratories Ltd added 3.95% or 126.30 points to end at 3322.00 and Zee Entertainment Enterprises Ltd. was up 2.56% or 5.95 points to 238.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 3.57% or 45.55 points to trade at 1231.85 in late trade. Tata Steel Ltd declined 1.77% or 7.95 points to end at 440.00 and NTPC Ltd shed 1.71% or 2.00 points to 114.80.

The breadth, indicating the overall health of the market, 1375 fell and 995 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.08% to 71.349.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 11900 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 12220 then it might turn bullish once again. The upside rally could test up to 12400 level. Key support holds at 11900.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12217.50 -11.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.77%, while the BSE Sensex 30 index gained 0.85%.

The biggest gainers of the session on the Nifty 50 were Hindustan Unilever Ltd., which rose 5.08% or 109.35 points to trade at 2262.00 at the close. Kotak Mahindra Bank Ltd. added 2.15% or 36.05 points to end at 1713.50 and Eicher Motors Ltd. was up 1.85% or 350.75 points to 19360.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 4.48% or 1.65 points to trade at 35.20 in late trade. Bharti Infratel Ltd declined 1.47% or 3.65 points to end at 245.15 and State Bank of India shed 1.22% or 3.95 points to 320.40.

The breadth, indicating the overall health of the market, 1448 fell and 936 advanced, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.09% to 71.347.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12240. The upside rally could be testing all the way up to 12400-12500 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11950 level. Key support holds at 11950.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12160.50 +33.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.63%, while the BSE Sensex 30 index climbed 0.58%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 5.91% or 7.20 points to trade at 129.00 at the close. JSW Steel Ltd added 3.87% or 10.75 points to end at 288.65 and Bharti Infratel Ltd was up 3.42% or 8.20 points to 248.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 2.00% or 0.75 points to trade at 36.80 in late trade. Bharat Petroleum Corp. Ltd. declined 0.88% or 4.25 points to end at 481.20 and Mahindra & Mahindra Ltd. shed 0.85% or 4.50 points to 523.90.

The breadth, indicating the overall health of the market, 1336 fell and 1041 advanced, while 177 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.02% to 71.293.

Technical outlook

Nifty daily chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12150. The upside rally could be testing all the way up to 12300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 11900 level. Key support holds at 11900.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12104.50 +63 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.55%, while the BSE Sensex 30 index declined 0.39%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 4.77% or 25.90 points to trade at 569.00 at the close. Bajaj Finance Ltd added 1.62% or 75.30 points to end at 4729.60 and Kotak Mahindra Bank Ltd. was up 1.21% or 19.95 points to 1673.00 in late trade.

Biggest losers included Mahindra & Mahindra Ltd., which lost 7.15% or 40.70 points to trade at 528.40 in late trade. Zee Entertainment Enterprises Ltd. declined 7.15% or 17.85 points to end at 231.90 and Tata Steel Ltd shed 5.91% or 27.85 points to 443.15.

The breadth, indicating the overall health of the market, 1465 fell and 936 advanced, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.27% to 71.310.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 12000. The downside rally could be testing all the way up to 11900-11800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 12280 level. Key resistance holds at 12280.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12083 -1.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.33%, while the BSE Sensex 30 index declined 0.40%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 5.51% or 13.00 points to trade at 248.80 at the close. NTPC Ltd added 3.21% or 3.60 points to end at 115.60 and Coal India Ltd was up 2.78% or 5.00 points to 184.95 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 3.14% or 641.20 points to trade at 19750.00 in late trade. Tata Motors Ltd declined 2.99% or 5.35 points to end at 173.50 and IndusInd Bank Ltd. shed 2.72% or 36.25 points to 1298.00.

The breadth, indicating the overall health of the market, 1235 fell and 1156 advanced, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.29% to 71.430.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, testing all the way up to 11850 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 12150 then it might turn bullish once again. The upside rally could test up to 12400 level. Key support holds at 11850.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12126.50 -3 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.40%, while the BSE Sensex 30 index added 0.40%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 5.35% or 1042.95 points to trade at 20530.00 at the close. IndusInd Bank Ltd. added 4.57% or 58.20 points to end at 1331.00 and Zee Entertainment Enterprises Ltd. was up 3.90% or 8.85 points to 235.50 in late trade.

Biggest losers included Tata Motors Ltd, which lost 2.86% or 5.25 points to trade at 178.50 in late trade. Cipla Ltd. declined 2.01% or 9.00 points to end at 438.55 and Titan Company Ltd shed 1.61% or 20.55 points to 1259.30.

The breadth, indicating the overall health of the market, 1330 rose and 1043 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.01% to 71.185.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12160. The upside rally could be testing all the way up to 12350 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11940 level. Key support holds at 11940.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12089 -11 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.91%, while the BSE Sensex 30 index added 0.87%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 10.68% or 17.70 points to trade at 183.40 at the close. Yes Bank Ltd added 8.58% or 3.00 points to end at 37.95 and Tata Steel Ltd was up 5.75% or 26.00 points to 477.90 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 6.38% or 15.60 points to trade at 228.90 in late trade. Hero MotoCorp Ltd declined 3.58% or 88.05 points to end at 2374.00 and Dr. Reddy’s Laboratories Ltd shed 3.08% or 99.85 points to 3142.00.

The breadth, indicating the overall health of the market, 1285 rose and 1072 declined, while 175 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.18% to 71.240.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12120. The upside rally could be testing all the way up to 12300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11850 level. Key support holds at 11850.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11950.50 -22.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 2.32%, while the BSE Sensex 30 index gained 2.30%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd, which rose 7.30% or 86.60 points to trade at 1273.00 at the close. Bharti Infratel Ltd added 5.67% or 13.00 points to end at 242.30 and Indian Oil Corporation Ltd was up 5.60% or 6.05 points to 114.10 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 5.30% or 13.60 points to trade at 243.00 in late trade. Bajaj Auto Ltd declined 3.76% or 123.60 points to end at 3160.90 and Yes Bank Ltd shed 2.78% or 1.00 points to 35.00.

The breadth, indicating the overall health of the market, 1531 rose and 852 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09% to 71.254.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 12000. The upside rally could be testing all the way up to 12150-12250 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11750 level. Key support holds at 11750.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11739 +31.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.39%, while the BSE Sensex 30 index gained 0.34%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 6.34% or 111.30 points to trade at 1866.65 at the close. Nestle India Ltd added 4.99% or 775.25 points to end at 16300.00 and Hindustan Unilever Ltd. was up 4.82% or 100.10 points to 2175.00 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 6.11% or 15.10 points to trade at 232.05 in late trade. Yes Bank Ltd declined 4.62% or 1.75 points to end at 36.15 and ITC Ltd shed 4.61% or 10.10 points to 208.90.

The breadth, indicating the overall health of the market, 1429 fell and 916 advanced, while 172 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.13% to 71.449.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, testing all the way up to 11950 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 11670 then it might turn bearish once again. The downside rally could test up to 11500 level. Key resistance holds at 11950.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11677 -310 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.61% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.47%.

The biggest gainers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd., which rose 3.71% or 60.40 points to trade at 1688.65 at the close. State Bank of India added 2.38% or 7.40 points to end at 318.10 and IndusInd Bank Ltd. was up 1.91% or 23.50 points to 1255.00 in late trade.

Biggest losers included Tata Motors Ltd, which lost 4.99% or 9.30 points to trade at 176.90 in late trade. Oil and Natural Gas Corporation Ltd declined 4.50% or 5.20 points to end at 110.40 and Power Grid Corporation of India Ltd shed 3.65% or 7.10 points to 187.30.

The breadth, indicating the overall health of the market, 1363 fell and 934 advanced, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.20% to 71.394.

Technical outlook

Nifty 4hr chart has formed "Megaphone chart" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11620. The downside rally could be testing all the way up to 11400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11950 level. Key resistance holds at 11950.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12070.50 +31.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.77%, while the BSE Sensex 30 index lost 0.69%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd, which rose 1.62% or 50.15 points to trade at 3142.00 at the close. ICICI Bank Ltd added 0.85% or 4.50 points to end at 531.10 and Power Grid Corporation of India Ltd was up 0.83% or 1.60 points to 194.00 in late trade.

Biggest losers included Yes Bank Ltd, which lost 5.10% or 2.10 points to trade at 39.10 in late trade. Bajaj Finserv Ltd declined 2.76% or 272.60 points to end at 9621.65 and Reliance Industries Ltd shed 2.49% or 36.85 points to 1443.00.

The breadth, indicating the overall health of the market, 1556 fell and 769 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.29% to 71.505.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 12000. The downside rally could be testing all the way up to 11900-11800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 12400 level. Key resistance holds at 12400.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12113 -20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.61%, while the BSE Sensex 30 index gained 0.57%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 6.81% or 12.00 points to trade at 188.10 at the close. Bajaj Finance Ltd added 5.06% or 213.20 points to end at 4426.20 and Bharti Infratel Ltd was up 3.35% or 7.95 points to 245.55 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 4.51% or 950.65 points to trade at 20136.00 in late trade. Yes Bank Ltd declined 1.44% or 0.60 points to end at 41.05 and Dr. Reddy’s Laboratories Ltd shed 1.38% or 44.00 points to 3145.15.

The breadth, indicating the overall health of the market, 1205 rose and 1178 declined, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.10% to 71.260.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bullish momentum, testing all the way up to 12400 level in upcoming sessions. Alternatively, if the market breaks below a key support holding at 12080 then it might turn bearish once again. The downside rally could test up to 11900 level. Key resistance holds at 12400.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12110 +42 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.52%, while the BSE Sensex 30 index lost 0.46%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 2.49% or 11.65 points to trade at 479.40 at the close. Housing Development Finance Corporation Ltd added 1.57% or 37.60 points to end at 2433.40 and Bajaj Finance Ltd was up 1.24% or 51.60 points to 4215.95 in late trade.

Biggest losers included Vedanta Ltd, which lost 4.53% or 6.75 points to trade at 142.10 in late trade. Bharti Airtel Ltd. declined 4.37% or 22.50 points to end at 491.90 and Tata Motors Ltd shed 3.18% or 5.80 points to 176.40.

The breadth, indicating the overall health of the market, 1471 fell and 940 advanced, while 156 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.16% to 71.325.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 12020. The downside rally could be testing all the way up to 11850-11700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12400 level. Key resistance holds at 12400.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 12087 -29 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.06%, while the BSE Sensex 30 index declined 1.10%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 5.56% or 168.60 points to trade at 3200.00 at the close. Mahindra & Mahindra Ltd. added 1.87% or 10.60 points to end at 578.35 and Cipla Ltd. was up 1.17% or 5.35 points to 464.20 in late trade.

Biggest losers included Vedanta Ltd, which lost 4.84% or 7.55 points to trade at 148.35 in late trade. Tata Steel Ltd declined 4.73% or 22.85 points to end at 460.55 and JSW Steel Ltd shed 4.25% or 11.55 points to 260.35.

The breadth, indicating the overall health of the market, 1411 fell and 1011 advanced, while 150 ended unchanged on the India National Stock Exchange.