Nifty Report

Pre-Market Thursday! Asian market negative trading, Nifty50 on the SGX were trading lower higher at 13898.50 -85.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.91%, while the BSE Sensex 30 index fell 1.94%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 2.62% or 25.50 points to trade at 997.55 at the close. SBI Life Insurance Company Ltd added 2.34% or 20.15 points to end at 883.00 and Wipro Ltd was up 2.00% or 8.75 points to 446.00 in late trade.

Biggest losers included Tata Motors Ltd, which lost 4.44% or 12.40 points to trade at 266.75 in late trade. Tata Steel Ltd declined 4.28% or 27.90 points to end at 624.05 and Titan Company Ltd shed 4.19% or 62.85 points to 1437.00.

The breadth, indicating the overall health of the market, 1754 fell and 1036 advanced, while 134 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.02% to 72.928.

Technical outlook

Nifty 4hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 13900. The downside rally could be testing all the way up to 13750-13600 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14200. A slide to 14350 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Wednesday! Asian market negative trading, Nifty50 on the SGX were trading lower higher at 14190.50 -9.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.93%, while the BSE Sensex 30 index lost 1.09%.

The biggest gainers of the session on the Nifty 50 were Grasim Industries Ltd, which rose 5.87% or 58.90 points to trade at 1062.90 at the close. UPL Ltd added 4.00% or 22.65 points to end at 589.60 and Cipla Ltd. was up 3.80% or 30.70 points to 839.00 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 5.58% or 114.45 points to trade at 1935.15 in late trade. IndusInd Bank Ltd. declined 5.52% or 49.30 points to end at 844.00 and HCL Technologies Ltd shed 3.83% or 37.80 points to 948.00.

The breadth, indicating the overall health of the market, 1939 fell and 896 advanced, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.04% to 72.953.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 14200. The downside rally could be testing all the way up to 14050-13900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14500. A slide to 14650 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14538.80 +118.80 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.50%, while the BSE Sensex 30 index lost 1.50%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd, which rose 10.43% or 386.20 points to trade at 4089.50 at the close. Hero MotoCorp Ltd added 3.93% or 127.60 points to end at 3374.90 and Hindustan Unilever Ltd. was up 1.76% or 41.70 points to 2409.35 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 4.64% or 31.35 points to trade at 644.50 in late trade. JSW Steel Ltd declined 4.55% or 17.90 points to end at 375.40 and Asian Paints Ltd. shed 4.41% or 119.70 points to 2596.65.

The breadth, indicating the overall health of the market, 1907 fell and 937 advanced, while 126 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01% to 72.954.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 14300. The downside rally could be testing all the way up to 14150-14000 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14600. A slide to 14750 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14587 -6 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 fell 0.34%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 6.38% or 17.55 points to trade at 292.45 at the close. Bajaj Finance Ltd added 2.66% or 132.35 points to end at 5114.30 and Reliance Industries Ltd was up 2.55% or 52.30 points to 2107.00 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 3.34% or 3.30 points to trade at 95.55 in late trade. Tata Steel Ltd declined 2.95% or 20.35 points to end at 669.80 and Coal India Ltd shed 2.61% or 3.70 points to 137.80.

The breadth, indicating the overall health of the market, 1820 fell and 1061 advanced, while 158 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11% to 72.990.

Technical outlook

Nifty 2hr chart has formed "Rising wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 14580. The downside rally could be testing all the way up to 14400-14250 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14750. A slide to whole new is also a possibility if the price makes or break above the current resistance level (New historical high).

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14701.80 +42.05 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.85% to hit a new all-time high, while the BSE Sensex 30 index added 0.80%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 6.28% or 16.25 points to trade at 274.90 at the close. Adani Port and Special Economic Zone Ltd added 4.84% or 25.80 points to end at 558.60 and Wipro Ltd was up 3.42% or 14.70 points to 444.95 in late trade.

Biggest losers included Shree Cements Ltd., which lost 1.82% or 444.50 points to trade at 23930.00 in late trade. Power Grid Corporation of India Ltd declined 1.75% or 3.50 points to end at 196.15 and NTPC Ltd shed 1.35% or 1.35 points to 98.30.

The breadth, indicating the overall health of the market, 1498 rose and 1382 declined, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 73.010.

Technical outlook

Nifty 4hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14670 (Near new historical high). The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14500. A slide to 14350-14200 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14516.50 +31.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.68%, while the BSE Sensex 30 index added 1.72%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finserv Ltd, which rose 6.76% or 564.40 points to trade at 8919.00 at the close. Bajaj Finance Ltd added 5.26% or 248.15 points to end at 4968.00 and Tata Motors Ltd was up 5.20% or 12.80 points to 258.75 in late trade.

Biggest losers included ITC Ltd, which lost 0.36% or 0.80 points to trade at 218.95 in late trade. Tech Mahindra Ltd declined 0.28% or 2.75 points to end at 995.50 and Britannia Industries Ltd shed 0.08% or 2.85 points to 3605.00.

The breadth, indicating the overall health of the market, 2018 rose and 839 declined, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 73.143.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14600. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14300. A slide to 14150 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14367.50 +53 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.06%, while the BSE Sensex 30 index lost 0.96%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 6.21% or 32.45 points to trade at 555.00 at the close. Reliance Industries Ltd added 1.82% or 35.35 points to end at 1972.80 and Titan Company Ltd was up 1.40% or 20.75 points to 1498.00 in late trade.

Biggest losers included Tata Motors Ltd, which lost 6.07% or 15.80 points to trade at 244.50 in late trade. Tata Steel Ltd declined 5.79% or 40.90 points to end at 665.00 and Oil and Natural Gas Corporation Ltd shed 4.93% or 5.00 points to 96.40.

The breadth, indicating the overall health of the market, 2002 fell and 889 advanced, while 137 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.24% to 73.295.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 14200. The downside rally could be testing all the way up to 14050-13900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14500. A slide to 14650 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Monday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14433.80 -7.20 points on indicating gap down opening for the NSE.

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

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 6.73% or 16.50 points to trade at 261.60 at the close. Bharti Airtel Ltd. added 3.95% or 22.95 points to end at 603.50 and UPL Ltd was up 2.54% or 12.95 points to 522.35 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 3.95% or 41.60 points to trade at 1011.00 in late trade. HCL Technologies Ltd declined 3.77% or 38.70 points to end at 989.00 and Wipro Ltd shed 3.64% or 16.55 points to 437.80.

The breadth, indicating the overall health of the market, 1853 fell and 1043 advanced, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.02% to 73.058.

Technical outlook

Nifty 4hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same break below the current key support holding near 14350. The downside rally could be testing all the way up to 14200-14050 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14650. A slide to whole new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14566 -80.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.21% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.19%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 3.70% or 18.20 points to trade at 509.90 at the close. Bharat Petroleum Corp. Ltd. added 3.18% or 13.10 points to end at 425.00 and IndusInd Bank Ltd. was up 3.00% or 28.30 points to 971.05 in late trade.

Biggest losers included HCL Technologies Ltd, which lost 2.36% or 24.95 points to trade at 1031.00 in late trade. Grasim Industries Ltd declined 1.77% or 18.25 points to end at 1015.10 and JSW Steel Ltd shed 1.66% or 6.70 points to 396.25.

The breadth, indicating the overall health of the market, 1451 fell and 1435 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.21% to 73.007.

Technical outlook

Nifty 2hr chart has formed "Rising wedge" pattern. The last session ended up bullish mode testing near the channel’s resistance line, creating new historical high as well. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14650. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14500. A slide to 14350-14200 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Thursday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14588.20 -25.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.01% to hit a new all-time high, while the BSE Sensex 30 index lost 0.05%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 6.22% or 48.50 points to trade at 828.35 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd added 4.97% or 25.40 points to end at 536.65 and State Bank of India was up 4.89% or 14.30 points to 306.80 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd, which fell 2.79% or 76.65 points to trade at 2670.90 at the close. Bajaj Finance Ltd declined 2.76% or 139.30 points to end at 4902.90 and Shree Cements Ltd. was down 2.53% or 642.70 points to 24726.40.

The breadth, indicating the overall health of the market, 1115 to 546 and 60 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 73.183.

Technical outlook

Nifty 4hr chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish mode testing near the channel’s resistance line, creating new historical high as well. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14600. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14450. A slide to 14300-14150 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14627.20 +38.45 points on indicating gap up opening for the NSE.

"Indian markets closed at record highs for the second day in a row this week as they shook off an early fall in trading today. Nifty closed up 0.54% at 14,563.45 and the BSE Sensex closed up 0.5% at 49,517.11 led by a rally in auto and bank stocks." - Investing.com

Rupee desk: The USD/INR was down -0.7% to 73.170.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish mode testing near the channel’s resistance line, creating new historical high as well. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14600. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14450. A slide to 14300-14150 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14488 +6.75 points on indicating gap up opening for the NSE.

"Indian markets had a strong close on Monday with Nifty gaining 0.96% and closing at 14,484.75 and the BSE Sensex gaining 1% to close at 49,269. The IT index closed up 3% and the auto index closed up 2.6% while Bank Nifty closed down 0.27%." - Investing.com

Rupee desk: The USD/INR was neutral 0.0% to 73.453.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode testing near the channel’s resistance line, creating new historical high as well. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14500. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14350. A slide to 14200-14050 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Monday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14437.20 -9.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.48% to hit a new all-time high, while the BSE Sensex 30 index gained 1.43%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd., which rose 5.93% or 448.85 points to trade at 8014.90 at the close. Wipro Ltd added 5.77% or 23.45 points to end at 430.20 and Tech Mahindra Ltd was up 5.66% or 56.35 points to 1051.10 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 1.94% or 5.30 points to trade at 267.60 in late trade. Tata Steel Ltd declined 1.34% or 9.65 points to end at 713.15 and IndusInd Bank Ltd. shed 1.29% or 12.25 points to 939.80.

The breadth, indicating the overall health of the market, 1683 rose and 1301 declined, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.20% to 73.270.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode testing near the channel’s resistance line, creating new historical high as well. The market is expected to continue on bullish momentum based on current price action, once the same break above the current key resistance holding near 14370. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14200. A slide to 14050-13900 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14284 +29 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.06%, while the BSE Sensex 30 index declined 0.17%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 5.28% or 36.10 points to trade at 719.90 at the close. Hindalco Industries Ltd. added 4.81% or 12.45 points to end at 271.50 and Bharti Airtel Ltd. was up 3.59% or 18.85 points to 544.15 in late trade.

Biggest losers included Nestle India Ltd, which lost 2.04% or 378.25 points to trade at 18137.00 in late trade. HDFC Life Insurance Company Ltd declined 1.88% or 13.50 points to end at 705.55 and Hindustan Unilever Ltd. shed 1.83% or 44.30 points to 2373.00.

The breadth, indicating the overall health of the market, 1891 rose and 1055 declined, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34% to 73.365.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bearish mode retesting the channel’s resistance line. The market is expected to continue on bearish momentum based on current price action, once the same break below the key support holding near 14100. The downside rally could be testing all the way up to 13950-13800 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14250. A slide to whole new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Thursday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14224.20 -17.30 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.47% to hit a new all-time high, while the BSE Sensex 30 index gained 0.54%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 6.36% or 39.75 points to trade at 664.45 at the close. Housing Development Finance Corporation Ltd added 2.84% or 73.35 points to end at 2651.85 and IndusInd Bank Ltd. was up 2.65% or 23.80 points to 921.65 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 1.96% or 1.90 points to trade at 95.05 in late trade. JSW Steel Ltd declined 1.95% or 7.85 points to end at 395.25 and Bajaj Finance Ltd 1.86% or 97.20 points to 5119.00.

The breadth, indicating the overall health of the market, 1694 rose and 1244 declined, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 73.238.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bearish mode retesting the channel’s resistance line. The market is expected to continue on bearish momentum based on current price action, once the same break below the key support holding near 14050. The downside rally could be testing all the way up to 13900-13750 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 14200. A slide to whole new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Wednesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14224.20 -17.30 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.47% to hit a new all-time high, while the BSE Sensex 30 index gained 0.54%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 6.36% or 39.75 points to trade at 664.45 at the close. Housing Development Finance Corporation Ltd added 2.84% or 73.35 points to end at 2651.85 and IndusInd Bank Ltd. was up 2.65% or 23.80 points to 921.65 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 1.96% or 1.90 points to trade at 95.05 in late trade. JSW Steel Ltd declined 1.95% or 7.85 points to end at 395.25 and Bajaj Finance Ltd 1.86% or 97.20 points to 5119.00.

The breadth, indicating the overall health of the market, 1694 rose and 1244 declined, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 73.238.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 14220. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14050. A slide to 13900-13750 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14081 +23.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.82% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.64%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 8.37% or 53.80 points to trade at 696.90 at the close. Hindalco Industries Ltd. added 6.90% or 16.45 points to end at 254.80 and Eicher Motors Ltd. was up 4.34% or 110.30 points to 2653.00 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 1.63% or 50.65 points to trade at 3052.00 in late trade. Kotak Mahindra Bank Ltd. declined 1.21% or 24.05 points to end at 1970.00 and Bajaj Finance Ltd shed 1.19% or 63.05 points to 5217.10.

The breadth, indicating the overall health of the market, 2016 rose and 952 declined, while 157 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 73.029.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 14150. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 14000. A slide to 13850-13700 is also a possibility if the price makes or break below the current support level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14124.80 +154.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.26% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.25%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 4.39% or 21.25 points to trade at 505.00 at the close. Tata Consultancy Services Ltd. added 2.42% or 69.25 points to end at 2932.00 and ITC Ltd was up 2.34% or 4.90 points to 213.90 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 1.36% or 7.25 points to trade at 527.80 in late trade. SBI Life Insurance Company Ltd declined 0.99% or 8.95 points to end at 895.30 and Hindalco Industries Ltd. shed 0.96% or 2.30 points to 238.25.

The breadth, indicating the overall health of the market, 1954 rose and 922 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.06% to 73.079.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 14050. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13900. A slide to 13750-13600 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13970 -7.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.11%, while the BSE Sensex 30 index added 0.01%.

The biggest gainers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd, which rose 1.27% or 31.90 points to trade at 2549.95 at the close. Sun Pharmaceutical Industries Ltd. added 1.10% or 6.45 points to end at 590.45 and Divis Laboratories Ltd. was up 1.01% or 38.30 points to 3838.00 in late trade.

Biggest losers included Shree Cements Ltd., which lost 2.44% or 599.95 points to trade at 24000.00 in late trade. Tata Consultancy Services Ltd. declined 1.52% or 44.35 points to end at 2864.95 and UltraTech Cement Ltd shed 1.41% or 75.75 points to 5279.00.

The breadth, indicating the overall health of the market, 1696 rose and 1192 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 73.053.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 14020. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13850. A slide to 13700-13550 is also a possibility if the price makes or break below the current support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 14047.20 -22.05 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.35% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.28%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd, which rose 4.42% or 227.25 points to trade at 5374.00 at the close. Grasim Industries Ltd added 3.03% or 27.60 points to end at 937.10 and Shree Cements Ltd. was up 2.98% or 710.20 points to 24549.85 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 1.47% or 13.45 points to trade at 899.45 in late trade. Sun Pharmaceutical Industries Ltd. declined 1.10% or 6.50 points to end at 584.10 and AXIS Bank Ltd shed 1.05% or 6.60 points to 623.60.

The breadth, indicating the overall health of the market, 1611 rose and 1236 declined, while 166 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.23% to 73.222.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 14000. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13800. A slide to 13650-13500 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14057.80 +28.05 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.43% to hit a new all-time high, while the BSE Sensex 30 index added 0.55%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 5.72% or 49.55 points to trade at 916.50 at the close. Tech Mahindra Ltd added 2.19% or 20.70 points to end at 967.80 and AXIS Bank Ltd was up 2.06% or 12.75 points to 630.40 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 2.08% or 5.00 points to trade at 234.90 in late trade. Nestle India Ltd declined 1.76% or 327.30 points to end at 18270.05 and Coal India Ltd shed 1.67% or 2.30 points to 135.35.

The breadth, indicating the overall health of the market, 1493 rose and 1412 declined, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.23% to 73.376.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13970. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13800. A slide to 13650-13500 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14001.80 +31.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.90% to hit a new all-time high, while the BSE Sensex 30 index gained 0.81%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 5.83% or 21.35 points to trade at 387.60 at the close. Tata Motors Ltd added 5.71% or 10.05 points to end at 186.00 and State Bank of India was up 3.34% or 8.90 points to 275.75 in late trade.

Biggest losers included Hindustan Unilever Ltd., which lost 0.43% or 10.30 points to trade at 2391.95 in late trade. Sun Pharmaceutical Industries Ltd. declined 0.43% or 2.55 points to end at 587.90 and Cipla Ltd. shed 0.39% or 3.25 points to 829.95.

The breadth, indicating the overall health of the market, 1949 rose and 953 declined, while 166 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 73.510.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13890. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13750. A slide to 13600-13450 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13871.20 +60.20 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.09%, while the BSE Sensex 30 index climbed 1.14%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 3.90% or 6.60 points to trade at 175.80 at the close. Sun Pharmaceutical Industries Ltd. added 3.18% or 18.30 points to end at 592.90 and AXIS Bank Ltd was up 2.84% or 16.80 points to 609.25 in late trade.

Biggest losers included Infosys Ltd, which lost 1.25% or 15.70 points to trade at 1237.35 in late trade. Wipro Ltd declined 0.97% or 3.75 points to end at 381.80 and Nestle India Ltd shed 0.82% or 152.70 points to 18580.00.

The breadth, indicating the overall health of the market, 1597 rose and 1228 declined, while 171 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.33% to 73.524.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13780. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13600. A slide to 13450-13300 is also a possibility if the price makes or break below the current support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13707.50 +180.10 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.00%, while the BSE Sensex 30 index gained 0.95%.

The biggest gainers of the session on the Nifty 50 were Wipro Ltd, which rose 5.70% or 20.75 points to trade at 384.95 at the close. Cipla Ltd. added 3.76% or 29.90 points to end at 824.90 and Tata Steel Ltd was up 3.40% or 20.45 points to 621.80 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 0.95% or 29.10 points to trade at 3020.00 in late trade. Titan Company Ltd declined 0.52% or 7.80 points to end at 1491.00 and NTPC Ltd shed 0.15% or 0.15 points to 98.75.

The breadth, indicating the overall health of the market, 2214 rose and 622 declined, while 140 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.21% to 73.695.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13650. The upside rally could be testing all the way up to 13780 and furthermore levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13500. A slide to 13350-13200 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13428.50 -13.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.03%, while the BSE Sensex 30 index added 0.99%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 5.55% or 24.65 points to trade at 468.90 at the close. HCL Technologies Ltd added 5.35% or 46.55 points to end at 917.00 and Tech Mahindra Ltd was up 4.10% or 37.15 points to 944.00 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd., which lost 1.03% or 19.80 points to trade at 1901.05 in late trade. Housing Development Finance Corporation Ltd declined 0.68% or 16.30 points to end at 2398.50 and Bajaj Finance Ltd shed 0.63% or 31.85 points to 5010.00.

The breadth, indicating the overall health of the market, 1499 rose and 1301 declined, while 158 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.22% to 73.860.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last session ended up sideways along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13500. The upside rally could be testing all the way up to 13650-13800 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13200. A slide to 13050 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13413.20 +35 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 3.14%, while the BSE Sensex 30 index lost 3.00%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which unchanged 0% or 0 points to trade at 241.90 at the close. Nestle India Ltd fell 0.93% or 170.15 points to end at 18192.60 and Infosys Ltd was down 1.05% or 12.50 points to 1177.30 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 9.24% or 9.15 points to trade at 89.85 in late trade. Tata Motors Ltd declined 8.86% or 16.00 points to end at 164.55 and GAIL Ltd shed 8.28% or 10.35 points to 114.70.

The breadth, indicating the overall health of the market, 2336 fell and 560 advanced, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.63% to 74.036.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last session ended up strong bearish after retesting near the channel’s resistance line from the new historical high. The market is expected to continue on bearish momentum based on current price action, once the same break below the key support holding near 13250. The downside rally could be testing all the way up to 13100-12900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 13750.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13735 -44.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.14% to hit a new all-time high, while the BSE Sensex 30 index added 0.15%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 3.35% or 170.15 points to trade at 5243.00 at the close. Bajaj Auto Ltd added 2.50% or 81.75 points to end at 3352.20 and Infosys Ltd was up 2.31% or 26.80 points to 1186.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 3.10% or 29.05 points to trade at 906.75 in late trade. HDFC Bank Ltd declined 2.28% or 32.85 points to end at 1408.95 and Oil and Natural Gas Corporation Ltd shed 1.97% or 2.00 points to 99.50.

The breadth, indicating the overall health of the market, 1652 fell and 1204 advanced, while 156 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.02% to 73.537.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13780. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13450. A slide to 13300 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13769.20 -26.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.42% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.48%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finance Ltd, which rose 2.72% or 140.10 points to trade at 5286.70 at the close. Housing Development Finance Corporation Ltd added 2.70% or 65.45 points to end at 2490.10 and HDFC Bank Ltd was up 2.20% or 31.10 points to 1441.80 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 2.59% or 6.00 points to trade at 225.90 in late trade. Hindalco Industries Ltd. declined 2.23% or 5.60 points to end at 245.85 and Adani Port and Special Economic Zone Ltd shed 1.64% or 7.80 points to 467.75.

The breadth, indicating the overall health of the market, 1535 fell and 1321 advanced, while 164 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 73.560.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13780. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13450. A slide to 13300 is also a possibility if the price makes or break below the current support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13667.20 -40.55 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.85% to hit a new all time high, while the BSE Sensex 30 index added 0.87%.

The biggest gainers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd, which rose 3.16% or 74.30 points to trade at 2424.65 at the close. Hindalco Industries Ltd. added 2.82% or 6.90 points to end at 251.45 and Oil and Natural Gas Corporation Ltd was up 2.44% or 2.45 points to 102.90 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 1.08% or 5.60 points to trade at 512.45 in late trade. NTPC Ltd declined 0.90% or 0.95 points to end at 104.90 and UltraTech Cement Ltd shed 0.85% or 43.85 points to 5113.00.

The breadth, indicating the overall health of the market, 1774 rose and 1129 declined, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was unchanged 0.00% to 73.556.

Technical outlook

Nifty 2hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13700. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13580. A slide to 13400-13250 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13633.20 +15.20 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.07% to hit a new all-time high, while the BSE Sensex 30 index gained 0.02%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 7.71% or 16.60 points to trade at 232.00 at the close. Bajaj Finance Ltd added 4.57% or 223.85 points to end at 5122.50 and Bajaj Finserv Ltd was up 4.07% or 363.45 points to 9296.95 in late trade.

Biggest losers included Nestle India Ltd, which lost 2.16% or 401.90 points to trade at 18189.90 in late trade. Hindustan Unilever Ltd. declined 2.14% or 50.70 points to end at 2320.05 and Bharat Petroleum Corp. Ltd. shed 1.69% or 6.85 points to 398.60.

The breadth, indicating the overall health of the market, 1502 rose and 1354 declined, while 164 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.07% to 73.578.

Technical outlook

Nifty 2hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13600. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13400. A slide to 13250-13100 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 13535.50 -20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.33% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.34%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 5.94% or 5.75 points to trade at 102.55 at the close. Larsen & Toubro Ltd added 4.28% or 51.10 points to end at 1245.40 and Cipla Ltd. was up 4.11% or 31.05 points to 786.90 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 2.52% or 62.20 points to trade at 2408.60 in late trade. Hero MotoCorp Ltd declined 2.24% or 71.30 points to end at 3114.00 and Mahindra & Mahindra Ltd. shed 2.03% or 14.80 points to 712.75.

The breadth, indicating the overall health of the market, 1838 rose and 1073 declined, while 165 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 73.551.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13600. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13400. A slide to 13250-13100 is also a possibility if the price makes or break below the current support level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13575.50 +57.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.26%, while the BSE Sensex 30 index added 0.30%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 5.46% or 5.00 points to trade at 96.65 at the close. NTPC Ltd added 5.15% or 5.00 points to end at 102.15 and GAIL Ltd was up 5.04% or 6.05 points to 126.10 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 2.34% or 14.65 points to trade at 612.40 in late trade. Adani Port and Special Economic Zone Ltd declined 1.27% or 6.00 points to end at 465.00 and Eicher Motors Ltd. shed 1.11% or 27.65 points to 2465.00.

The breadth, indicating the overall health of the market, 1692 rose and 1161 declined, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 73.697.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13580. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13400. A slide to 13250-13100 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13558.50 +22.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.38%, while the BSE Sensex 30 index lost 0.31%.

The biggest gainers of the session on the Nifty 50 were Nestle India Ltd, which rose 4.16% or 730.85 points to trade at 18300.00 at the close. ITC Ltd added 3.77% or 7.75 points to end at 213.15 and Britannia Industries Ltd was up 3.14% or 113.90 points to 3741.00 in late trade.

Biggest losers included UPL Ltd, which lost 11.29% or 55.60 points to trade at 437.00 in late trade. UltraTech Cement Ltd declined 3.32% or 170.80 points to end at 4974.00 and Shree Cements Ltd. shed 2.79% or 680.50 points to 23740.20.

The breadth, indicating the overall health of the market, 1596 fell and 1207 advanced, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.08% to 73.664.

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13550. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13400. A slide to 13250-13100 is also a possibility if the price makes or break below the current support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13506.20 +20.70 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.02% to hit a new all-time high, while the BSE Sensex 30 index climbed 1.09%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 4.59% or 21.70 points to trade at 494.50 at the close. Asian Paints Ltd. added 3.65% or 89.10 points to end at 2528.00 and Indian Oil Corporation Ltd was up 3.29% or 3.00 points to 94.05 in late trade.

Biggest losers included Hindalco Industries Ltd, which lost 1.55% or 3.80 points to trade at 241.90 in late trade. Shree Cements Ltd. declined 1.40% or 347.70 points to end at 24428.05 and UltraTech Cement Ltd shed 0.99% or 51.75 points to 5166.00.

The breadth, indicating the overall health of the market, 1692 rose and 1159 declined, while 167 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.20% to 73.571.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13550. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13400. A slide to 13250-13100 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13461 +42.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.28% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.40%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd, which rose 3.06% or 154.90 points to trade at 5211.40 at the close. Tata Consultancy Services Ltd. added 2.09% or 57.30 points to end at 2795.00 and Reliance Industries Ltd was up 1.75% or 34.25 points to 1992.45 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 2.29% or 5.75 points to trade at 245.50 in late trade. Sun Pharmaceutical Industries Ltd. declined 2.23% or 13.00 points to end at 569.30 and Bharti Infratel Ltd shed 1.84% or 4.50 points to 240.20.

The breadth, indicating the overall health of the market, 1422 rose and 1414 declined, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 73.575.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13430. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13300. A slide to 13150-13000 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower higher at 13415.50 -39.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.73% to hit a new all-time high, while the BSE Sensex 30 index added 0.77%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 4.44% or 20.25 points to trade at 475.95 at the close. Zee Entertainment Enterprises Ltd. added 4.33% or 8.95 points to end at 215.80 and Adani Port and Special Economic Zone Ltd was up 3.92% or 17.80 points to 471.50 in late trade.

Biggest losers included Nestle India Ltd, which lost 1.49% or 266.15 points to trade at 17562.55 in late trade. Kotak Mahindra Bank Ltd. declined 1.39% or 25.70 points to end at 1820.55 and JSW Steel Ltd shed 1.32% or 4.90 points to 365.50.

The breadth, indicating the overall health of the market, 1947 rose and 910 declined, while 177 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.15% to 73.867.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13370. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13220. A slide to 13050-12900 is also a possibility if the price makes or break below the current support level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower higher at 13275.50 -51.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.95% to hit a new all-time high, while the BSE Sensex 30 index climbed 1.00%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 4.86% or 21.20 points to trade at 457.00 at the close. ICICI Bank Ltd added 4.49% or 21.65 points to end at 503.50 and Hindalco Industries Ltd. was up 4.34% or 10.50 points to 252.50 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 1.46% or 3.50 points to trade at 236.05 in late trade. Reliance Industries Ltd declined 0.83% or 16.35 points to end at 1947.70 and HDFC Life Insurance Company Ltd shed 0.73% or 4.70 points to 643.25.

The breadth, indicating the overall health of the market, 1571 rose and 1209 declined, while 171 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.20% to 73.712.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways along with some corrections testing near the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bullish momentum based on current price action, once the same break above the key resistance holding near 13280. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 13100. A slide to 12950-12800 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower higher at 13243.80 -4.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.15% to hit a new all-time high, while the BSE Sensex 30 index added 0.03%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd., which rose 7.39% or 532.60 points to trade at 7739.10 at the close. Bharti Infratel Ltd added 6.56% or 14.75 points to end at 239.55 and Oil and Natural Gas Corporation Ltd was up 4.54% or 3.85 points to 88.70 in late trade.

Biggest losers included HDFC Bank Ltd, which lost 2.11% or 29.75 points to trade at 1377.20 in late trade. Tata Consultancy Services Ltd. declined 1.46% or 40.10 points to end at 2709.45 and Bajaj Auto Ltd shed 1.31% or 43.75 points to 3294.40.

The breadth, indicating the overall health of the market, 1920 rose and 893 declined, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 73.927.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways along with some corrections retesting the channel’s resistance line as well as creating the new historical high. The market is expected to continue on bearish momentum based on current price action, once the same break below the key support holding near 13060. The downside rally could be testing all the way up to 12900-12750 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might retest the same and revise the trend to bullish/sideways mode once again. Key resistance holds near 13220. A slide to 13300 and furthermore new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower higher at 13168.80 -3.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.04% to hit a new all-time high, while the BSE Sensex 30 index lost 0.08%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 4.88% or 5.40 points to trade at 116.10 at the close. Bharti Infratel Ltd added 4.40% or 9.50 points to end at 225.50 and Oil and Natural Gas Corporation Ltd was up 3.80% or 3.10 points to 84.65 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd., which lost 3.35% or 62.85 points to trade at 1813.00 in late trade. HDFC Bank Ltd declined 1.95% or 27.95 points to end at 1405.35 and Housing Development Finance Corporation Ltd shed 1.43% or 32.95 points to 2274.00.

The breadth, indicating the overall health of the market, 1667 rose and 1146 declined, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.40% to 73.773.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways along with some corrections retesting the channel’s resistance line as well as the historical new high. The market is expected to continue on bearish momentum based on current price action, testing all the way up to 12850-12700 levels in the upcoming sessions. Alternatively, if the market breaks above the current strong resistance level holding near 13150, then it might revise the trend to bullish/sideways mode once again. A slide to 13300 and furthermore level is also a possibility if the price makes or break below the current resistance level. Key support holds near 12850.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower higher at 13131.50 -81.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.08% to hit a new all-time high, while the BSE Sensex 30 index gained 1.15%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 7.94% or 8.15 points to trade at 110.80 at the close. Sun Pharmaceutical Industries Ltd. added 5.74% or 29.35 points to end at 541.00 and IndusInd Bank Ltd. was up 4.94% or 42.35 points to 900.00 in late trade.

Biggest losers included Nestle India Ltd, which lost 2.57% or 458.95 points to trade at 17430.00 in late trade. Kotak Mahindra Bank Ltd. declined 1.63% or 31.00 points to end at 1876.10 and Titan Company Ltd shed 1.34% or 18.20 points to 1343.00.

The breadth, indicating the overall health of the market, 1845 rose and 953 declined, while 161 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.45% to 73.657.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last few sessions ended up sideways along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the current resistance level holding near 13150. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds near 13000. A slide to 12850-12700 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 12996.50 +69.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.14%, while the BSE Sensex 30 index declined 0.25%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 2.82% or 4.90 points to trade at 178.65 at the close. Asian Paints Ltd. added 2.01% or 43.25 points to end at 2198.55 and Hero MotoCorp Ltd was up 2.00% or 60.45 points to 3085.00 in late trade.

Biggest losers included Nestle India Ltd, which lost 4.34% or 770.75 points to trade at 16971.20 in late trade. Power Grid Corporation of India Ltd declined 3.24% or 6.40 points to end at 191.25 and JSW Steel Ltd shed 2.60% or 9.35 points to 349.85.

The breadth, indicating the overall health of the market, 1697 rose and 1014 declined, while 170 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11% to 73.916.

Technical outlook

Nifty 4hr chart has formed "Rising channel" pattern. The last few sessions ended up sideways along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the current resistance level holding near 13000. The upside rally could be testing all the way up to 13150 and furthermore levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds near 12850. A slide to 12700-12550 is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 13055 +22.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.00%, while the BSE Sensex 30 index climbed 0.98%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 7.02% or 23.75 points to trade at 362.00 at the close. Tata Steel Ltd added 5.20% or 28.15 points to end at 569.40 and Grasim Industries Ltd was up 4.38% or 36.90 points to 880.00 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 1.57% or 40.65 points to trade at 2554.45 in late trade. Maruti Suzuki India Ltd. declined 0.73% or 51.70 points to end at 7004.00 and Bharat Petroleum Corp. Ltd. shed 0.67% or 2.55 points to 379.50.

The breadth, indicating the overall health of the market, 1693 rose and 975 declined, while 178 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12% to 73.859.

Technical outlook

Nifty daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same break above the current resistance level holding near 13050. The upside rally could be testing all the way up to whole new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds near 12750. A slide to 12600 is also a possibility if the price makes or break below the current support level.