Nifty Report

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14368 +3.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 3.53% to hit a new 1-month low, while the BSE Sensex 30 index fell 3.44%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 7.09% or 337.70 points to trade at 5098.00 at the close. Cipla Ltd. added 2.71% or 23.95 points to end at 907.00 and Divis Laboratories Ltd. was up 1.14% or 42.65 points to 3795.00 in late trade.

Biggest losers included Tata Motors Ltd, which lost 9.65% or 30.70 points to trade at 287.50 in late trade. Adani Port and Special Economic Zone Ltd declined 8.94% or 73.60 points to end at 750.00 and IndusInd Bank Ltd. shed 8.57% or 79.15 points to 844.50.

The breadth, indicating the overall health of the market, 2395 fell and 476 advanced, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.49% to 75.088.

Technical outlook

Nifty 2hr chart has formed "Falling 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 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 14450. A slide to 14600-14750 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 14591 -302 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.26%, while the BSE Sensex 30 index fell 0.31%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 5.34% or 44.95 points to trade at 886.95 at the close. Sun Pharmaceutical Industries Ltd. added 3.54% or 21.75 points to end at 636.00 and Hindustan Unilever Ltd. was up 2.55% or 61.45 points to 2471.35 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 3.01% or 151.50 points to trade at 4878.00 in late trade. UPL Ltd declined 2.40% or 15.65 points to end at 635.95 and Tata Steel Ltd shed 2.16% or 19.85 points to 898.55.

The breadth, indicating the overall health of the market, 1595 rose and 1206 declined, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.17% to 74.702.

Technical outlook

Nifty 4hr chart has formed "Falling 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 14800. The downside rally could be testing all the way up to 14650-14500 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 14950. A slide to 15100-15250 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 14930.50 -7.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.37%, while the BSE Sensex 30 index climbed 0.17%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 9.21% or 51.80 points to trade at 614.10 at the close. Tata Steel Ltd added 4.98% or 43.55 points to end at 918.40 and Shree Cements Ltd. was up 4.47% or 1352.00 points to 31582.65 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 1.13% or 10.65 points to trade at 934.90 in late trade. SBI Life Insurance Company Ltd declined 1.09% or 10.00 points to end at 908.50 and Sun Pharmaceutical Industries Ltd. shed 1.09% or 6.80 points to 614.25.

The breadth, indicating the overall health of the market, 1786 rose and 1022 declined, while 158 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.31% to 74.581.

Technical outlook

Nifty 4hr chart has formed "Falling 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 14800. The downside rally could be testing all the way up to 14650-14500 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 14950. A slide to 15100-15250 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 higher at 14917 +36.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.92%, while the BSE Sensex 30 index climbed 0.94%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 5.33% or 28.65 points to trade at 566.10 at the close. GAIL Ltd added 2.97% or 4.00 points to end at 138.55 and Wipro Ltd was up 2.36% or 10.10 points to 437.25 in late trade.

Biggest losers included Adani Port and Special Economic Zone Ltd, which lost 2.76% or 23.10 points to trade at 812.45 in late trade. UPL Ltd declined 1.26% or 8.35 points to end at 653.00 and NTPC Ltd shed 0.52% or 0.55 points to 105.50.

The breadth, indicating the overall health of the market, 1760 rose and 1075 declined, while 171 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 1.28% to 74.427.

Technical outlook

Nifty 4hr chart has formed "Falling channel" 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 14900. The upside rally could be testing all the way up to 15050-15200 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 14600. A slide to 14450 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14752.20 -11.30 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.31%, while the BSE Sensex 30 index gained 0.09%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 12.57% or 93.30 points to trade at 835.55 at the close. Asian Paints Ltd. added 4.02% or 100.95 points to end at 2611.60 and JSW Steel Ltd was up 3.86% or 19.95 points to 537.45 in late trade.

Biggest losers included Power Grid Corporation of India Ltd, which lost 2.31% or 4.95 points to trade at 209.20 in late trade. Grasim Industries Ltd declined 1.34% or 19.40 points to end at 1427.10 and Eicher Motors Ltd. shed 1.22% or 30.60 points to 2486.60.

The breadth, indicating the overall health of the market, 1604 rose and 1168 declined, while 182 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 73.460.

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 14600. The downside rally could be testing all the way up to 14450-14300 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 14900. A slide to 15050 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14732.80 +7.55 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.54%, while the BSE Sensex 30 index declined 1.74%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 3.19% or 31.95 points to trade at 1034.55 at the close. Tata Consultancy Services Ltd. added 2.40% or 76.00 points to end at 3241.00 and Wipro Ltd was up 2.28% or 9.50 points to 425.90 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 5.74% or 302.65 points to trade at 4969.50 in late trade. IndusInd Bank Ltd. declined 5.54% or 55.05 points to end at 938.25 and State Bank of India shed 4.49% or 16.65 points to 354.00.

The breadth, indicating the overall health of the market, 1828 fell and 1020 advanced, while 177 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.08% to 73.311.

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 14550. 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 14850. A slide to 15000 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 14912 -24.05 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.20%, while the BSE Sensex 30 index added 1.05%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 8.60% or 40.30 points to trade at 508.75 at the close. Hindalco Industries Ltd. added 6.56% or 21.45 points to end at 348.30 and Tata Steel Ltd was up 6.31% or 51.20 points to 863.05 in late trade.

Biggest losers included Hindustan Unilever Ltd., which lost 1.34% or 32.50 points to trade at 2399.00 in late trade. Nestle India Ltd declined 0.67% or 114.20 points to end at 17051.00 and HDFC Life Insurance Company Ltd shed 0.55% or 3.80 points to 692.40.

The breadth, indicating the overall health of the market, 2062 rose and 719 declined, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.41% to 73.436.

Technical outlook

Nifty 4hr chart has formed "Descending 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 14900. The upside rally could be testing all the way up to 15050-15200 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 14600. A slide to 14450 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 14861.20 -52.35 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.04%, while the BSE Sensex 30 index fell 1.25%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 2.38% or 3.15 points to trade at 135.50 at the close. Grasim Industries Ltd added 2.27% or 32.30 points to end at 1454.90 and UPL Ltd was up 2.21% or 13.90 points to 641.85 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd, which lost 4.13% or 107.55 points to trade at 2498.10 in late trade. HDFC Bank Ltd declined 3.86% or 60.05 points to end at 1493.65 and Power Grid Corporation of India Ltd shed 2.58% or 5.70 points to 215.65.

The breadth, indicating the overall health of the market, 1422 fell and 1347 advanced, while 191 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.44% to 73.117.

Technical outlook

Nifty 4hr chart has formed "Descending 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 14600. The downside rally could be testing all the way up to 14450-14300 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 14900. A slide to 15050 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 14891.50 -25.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 2.33%, while the BSE Sensex 30 index added 2.30%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 7.27% or 42.55 points to trade at 627.95 at the close. JSW Steel Ltd added 4.98% or 22.15 points to end at 467.35 and Shree Cements Ltd. was up 4.92% or 1383.80 points to 29500.00 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 0.41% or 2.85 points to trade at 695.35 in late trade. Hindalco Industries Ltd. declined 0.32% or 1.05 points to end at 326.10 and SBI Life Insurance Company Ltd shed 0.21% or 1.80 points to 872.15.

The breadth, indicating the overall health of the market, 1479 rose and 1372 declined, while 199 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.91% to 73.410.

Technical outlook

Nifty 4hr chart has formed "Descending 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 14900. The upside rally could be testing all the way up to 15050-15200 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 14600. A slide to 14450 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 14761.80 +139.55 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.27%, while the BSE Sensex 30 index gained 1.17%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 5.82% or 42.10 points to trade at 765.25 at the close. Bajaj Finserv Ltd added 4.44% or 402.45 points to end at 9460.00 and Asian Paints Ltd. was up 3.99% or 95.80 points to 2498.00 in late trade.

Biggest losers included UPL Ltd, which lost 1.39% or 8.30 points to trade at 587.35 in late trade. Power Grid Corporation of India Ltd declined 1.25% or 2.70 points to end at 213.70 and Eicher Motors Ltd. shed 0.72% or 18.55 points to 2561.90.

The breadth, indicating the overall health of the market, 1583 rose and 1263 declined, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.22% to 72.500.

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 14750-14900 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 Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14563.80 +116.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.54% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.51%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 2.87% or 20.15 points to trade at 722.95 at the close. Dr. Reddy’s Laboratories Ltd added 0.78% or 34.00 points to end at 4384.50 and ICICI Bank Ltd was up 0.55% or 3.10 points to 570.60 in late trade.

Biggest losers included Indian Oil Corporation Ltd, which lost 4.02% or 3.80 points to trade at 90.75 in late trade. Maruti Suzuki India Ltd. declined 3.88% or 274.20 points to end at 6792.00 and Coal India Ltd shed 3.40% or 4.50 points to 127.80.

The breadth, indicating the overall health of the market, 2117 fell and 729 advanced, while 165 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.00% to 72.593.

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 14250. The downside rally could be testing all the way up to 14100-13950 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 14700.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14665.80 +97.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.79%, while the BSE Sensex 30 index lost 1.74%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 1.92% or 14.90 points to trade at 791.00 at the close. Asian Paints Ltd. added 1.40% or 33.70 points to end at 2444.00 and Power Grid Corporation of India Ltd was up 0.82% or 1.80 points to 220.80 in late trade.

Biggest losers included Tata Steel Ltd, which lost 4.74% or 35.15 points to trade at 706.00 in late trade. Tata Motors Ltd declined 4.12% or 12.65 points to end at 294.75 and Adani Port and Special Economic Zone Ltd shed 4.12% or 30.40 points to 708.15.

The breadth, indicating the overall health of the market, 2041 fell and 818 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.15% to 72.656.

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 14500. The downside rally could be testing all the way up to 14350-14200 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 14800. A slide to 14950 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14841.50 +14.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.53%, while the BSE Sensex 30 index added 0.56%.

The biggest gainers of the session on the Nifty 50 were Shree Cements Ltd., which rose 5.36% or 1445.50 points to trade at 28400.00 at the close. UltraTech Cement Ltd added 2.56% or 172.10 points to end at 6900.10 and Divis Laboratories Ltd. was up 2.56% or 87.05 points to 3493.00 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 2.34% or 7.95 points to trade at 331.80 in late trade. Oil and Natural Gas Corporation Ltd declined 2.05% or 2.25 points to end at 107.35 and Power Grid Corporation of India Ltd shed 2.04% or 4.55 points to 219.00.

The breadth, indicating the overall health of the market, 1601 rose and 1259 declined, while 198 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.16% to 72.488.

Technical outlook

Nifty 2hr chart has formed "Descending 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 14850. The upside rally could be testing all the way up to 15000-15150 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 14700. A slide to 14550-14400 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 14821 +65 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.05%, while the BSE Sensex 30 index declined 0.17%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 5.20% or 35.70 points to trade at 721.95 at the close. Tech Mahindra Ltd added 2.57% or 25.45 points to end at 1014.90 and Tata Consultancy Services Ltd. was up 2.55% or 77.80 points to 3128.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 4.20% or 42.55 points to trade at 969.35 in late trade. Power Grid Corporation of India Ltd declined 3.30% or 7.60 points to end at 222.60 and ICICI Bank Ltd shed 2.21% or 12.95 points to 573.70.

The breadth, indicating the overall health of the market, 1549 rose and 1386 declined, while 212 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 72.365.

Technical outlook

Nifty 2hr chart has formed "Descending 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 14800. The upside rally could be testing all the way up to 14950-15100 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 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 14828.50 -3.70 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.28%, while the BSE Sensex 30 index gained 1.30%.

The biggest gainers of the session on the Nifty 50 were NTPC Ltd, which rose 4.53% or 4.70 points to trade at 108.50 at the close. Hindustan Unilever Ltd. added 4.37% or 96.85 points to end at 2312.05 and Power Grid Corporation of India Ltd was up 4.14% or 9.15 points to 230.20 in late trade.

Biggest losers included Larsen & Toubro Ltd, which lost 1.18% or 16.85 points to trade at 1411.25 in late trade. Tech Mahindra Ltd declined 0.68% or 6.75 points to end at 989.45 and Coal India Ltd shed 0.55% or 0.75 points to 136.30.

The breadth, indicating the overall health of the market, 1421 rose and 1393 declined, while 195 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.31% to 72.465.

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 bullish momentum based on current price action, once the same break above the current key resistance holding near 14800. The upside rally could be testing all the way up to 14950-15100 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.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14490.20 -113.80 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.11%, while the BSE Sensex 30 index fell 1.17%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 3.35% or 7.05 points to trade at 217.65 at the close. Bajaj Auto Ltd added 2.66% or 94.90 points to end at 3664.50 and Hindalco Industries Ltd. was up 1.65% or 5.40 points to 331.80 in late trade.

Biggest losers included HCL Technologies Ltd, which lost 4.02% or 39.70 points to trade at 947.75 in late trade. Infosys Ltd declined 3.60% or 49.90 points to end at 1337.10 and Dr. Reddy’s Laboratories Ltd shed 3.29% or 143.10 points to 4212.75.

The breadth, indicating the overall health of the market, 2067 fell and 804 advanced, while 128 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.07% to 72.507.

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 14500. The downside rally could be testing all the way up to 14350-14200 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 14950.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14924 +168 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.27%, while the BSE Sensex 30 index lost 1.12%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 1.32% or 2.75 points to trade at 210.60 at the close. Infosys Ltd added 0.22% or 3.00 points to end at 1387.00 and Housing Development Finance Corporation Ltd was up 0.21% or 5.15 points to 2515.55 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 5.00% or 5.75 points to trade at 109.35 in late trade. Bharat Petroleum Corp. Ltd. declined 4.80% or 21.80 points to end at 432.05 and Tata Motors Ltd shed 4.42% or 14.15 points to 305.80.

The breadth, indicating the overall health of the market, 2077 fell and 804 advanced, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.00% to 72.512.

Technical outlook

Nifty 2hr chart has formed "Descending 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 14650. The downside rally could be testing all the way up to 14500-14350 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 14950. A slide to 15100 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 15008.20 +33.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.13%, while the BSE Sensex 30 index fell 0.06%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 4.70% or 110.75 points to trade at 2465.75 at the close. Dr. Reddy’s Laboratories Ltd added 2.58% or 111.85 points to end at 4454.10 and Hindustan Unilever Ltd. was up 1.50% or 33.20 points to 2244.05 in late trade.

Biggest losers included Tata Steel Ltd, which lost 1.68% or 12.35 points to trade at 724.05 in late trade. Cipla Ltd. declined 1.64% or 13.20 points to end at 792.30 and Larsen & Toubro Ltd shed 1.48% or 21.95 points to 1461.80.

The breadth, indicating the overall health of the market, 1432 fell and 1418 advanced, while 173 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01% to 72.526.

Technical outlook

Nifty 2hr chart has formed "Descending 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 14850. The downside rally could be testing all the way up to 14700-14550 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 15050. A slide to 15200-15350 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14999 +51.10 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.67%, while the BSE Sensex 30 index fell 0.78%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 2.60% or 10.90 points to trade at 429.65 at the close. Tech Mahindra Ltd added 2.33% or 23.40 points to end at 1026.65 and Tata Steel Ltd was up 2.28% or 16.45 points to 736.40 in late trade.

Biggest losers included Divis Laboratories Ltd., which lost 2.91% or 102.05 points to trade at 3410.00 in late trade. Hero MotoCorp Ltd declined 2.58% or 86.40 points to end at 3264.15 and Bajaj Finserv Ltd shed 2.47% or 245.05 points to 9689.05.

The breadth, indicating the overall health of the market, 1759 fell and 1183 advanced, while 192 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 72.495.

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 14850. The downside rally could be testing all the way up to 14700-14550 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 15050. A slide to 15200-15350 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 15096.80 -106.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.95%, while the BSE Sensex 30 index fell 0.95%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 3.05% or 13.60 points to trade at 459.10 at the close. Indian Oil Corporation Ltd added 2.58% or 2.55 points to end at 101.40 and Power Grid Corporation of India Ltd was up 2.25% or 4.85 points to 220.00 in late trade.

Biggest losers included Bajaj Auto Ltd, which lost 3.01% or 116.55 points to trade at 3751.00 in late trade. Adani Port and Special Economic Zone Ltd declined 2.97% or 22.10 points to end at 723.25 and HDFC Life Insurance Company Ltd shed 2.67% or 19.55 points to 711.80.

The breadth, indicating the overall health of the market, 1585 fell and 1317 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.00% to 72.689.

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 14950. The downside rally could be testing all the way up to 14800-14650 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 15400.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15389.20 -31.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.51%, while the BSE Sensex 30 index climbed 0.50%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 3.09% or 12.40 points to trade at 414.00 at the close. Eicher Motors Ltd. added 3.07% or 79.60 points to end at 2672.30 and Tata Steel Ltd was up 2.51% or 17.75 points to 724.50 in late trade.

Biggest losers included SBI Life Insurance Company Ltd, which lost 3.15% or 30.55 points to trade at 940.75 in late trade. Oil and Natural Gas Corporation Ltd declined 2.01% or 2.35 points to end at 114.40 and Indian Oil Corporation Ltd shed 1.69% or 1.70 points to 98.85.

The breadth, indicating the overall health of the market, 1566 rose and 1316 declined, while 161 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 72.933.

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 15250. The upside rally could be testing all the way up to 15400-15550 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 14950. A slide to 14800 is also a possibility if the price makes or break below the current support level.

Pre-Market Wednesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15234 -29 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.95%, while the BSE Sensex 30 index climbed 1.16%.

The biggest gainers of the session on the Nifty 50 were SBI Life Insurance Company Ltd, which rose 5.14% or 47.45 points to trade at 971.30 at the close. Kotak Mahindra Bank Ltd. added 3.29% or 63.10 points to end at 1978.95 and HDFC Bank Ltd was up 2.83% or 43.00 points to 1562.50 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 4.46% or 20.80 points to trade at 445.90 in late trade. Tata Steel Ltd declined 4.14% or 30.50 points to end at 706.75 and GAIL Ltd shed 3.31% or 5.10 points to 149.05.

The breadth, indicating the overall health of the market, 1671 fell and 1216 advanced, while 185 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.54% to 72.954.

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 15200. The upside rally could be testing all the way up to 15350-15500 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 14900. A slide to 14750 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15082.80 -27.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.12%, while the BSE Sensex 30 index climbed 0.07%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd, which rose 6.49% or 38.40 points to trade at 629.95 at the close. GAIL Ltd added 4.76% or 7.00 points to end at 154.15 and Larsen & Toubro Ltd was up 3.53% or 51.65 points to 1515.20 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 2.28% or 124.25 points to trade at 5320.65 in late trade. Shree Cements Ltd. declined 2.19% or 608.60 points to end at 27240.00 and IndusInd Bank Ltd. shed 2.08% or 21.65 points to 1018.25.

The breadth, indicating the overall health of the market, 1665 rose and 1356 declined, while 199 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.04% to 73.207.

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 14850. The downside rally could be testing all the way up to 14700-14550 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 15300.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 15006.20 +34.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.95%, while the BSE Sensex 30 index fell 0.87%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 2.00% or 2.25 points to trade at 114.95 at the close. GAIL Ltd added 1.87% or 2.70 points to end at 147.15 and Maruti Suzuki India Ltd. was up 1.65% or 117.40 points to 7249.00 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 4.77% or 52.05 points to trade at 1039.90 in late trade. Tata Motors Ltd declined 4.14% or 14.05 points to end at 325.15 and Wipro Ltd shed 4.09% or 17.95 points to 420.85.

The breadth, indicating the overall health of the market, 1825 fell and 1052 advanced, while 135 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.42% to 73.037.

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 14850. The downside rally could be testing all the way up to 14700-14550 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 15300.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14901.50 -125.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.08%, while the BSE Sensex 30 index fell 1.16%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd, which rose 4.23% or 275.05 points to trade at 6775.55 at the close. Shree Cements Ltd. added 3.54% or 981.35 points to end at 28676.60 and Adani Port and Special Economic Zone Ltd was up 3.10% or 22.60 points to 752.45 in late trade.

Biggest losers included JSW Steel Ltd, which lost 3.28% or 14.05 points to trade at 414.10 in late trade. Hindalco Industries Ltd. declined 2.75% or 9.90 points to end at 349.45 and Housing Development Finance Corporation Ltd shed 2.71% or 71.95 points to 2582.95.

The breadth, indicating the overall health of the market, 1552 rose and 1311 declined, while 183 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.24% to 72.758.

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 15000. The downside rally could be testing all the way up to 14850-14700 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 15300. A slide to 15450 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 15047.50 -133.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 2.19%, while the BSE Sensex 30 index climbed 2.28%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 5.66% or 41.65 points to trade at 777.15 at the close. Bajaj Finserv Ltd added 4.98% or 492.30 points to end at 10369.30 and Reliance Industries Ltd was up 4.56% or 96.10 points to 2202.10 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 1.50% or 52.05 points to trade at 3424.35 in late trade. Maruti Suzuki India Ltd. declined 1.24% or 89.40 points to end at 7124.70 and Bajaj Auto Ltd shed 1.09% or 42.95 points to 3901.10.

The breadth, indicating the overall health of the market, 1764 rose and 1114 declined, while 172 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.52% to 72.870.

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 15300. 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 15000. A slide to 14850 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 15003.50 +20 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.07%, while the BSE Sensex 30 index climbed 0.90%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 5.16% or 16.95 points to trade at 345.25 at the close. Mahindra & Mahindra Ltd. added 4.58% or 37.55 points to end at 857.00 and Wipro Ltd was up 4.49% or 18.60 points to 433.00 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 2.56% or 3.00 points to trade at 114.05 in late trade. Housing Development Finance Corporation Ltd declined 1.19% or 31.00 points to end at 2575.00 and Dr. Reddy’s Laboratories Ltd shed 1.01% or 45.20 points to 4408.20.

The breadth, indicating the overall health of the market, 1788 rose and 1099 declined, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 73.350.

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 15000. The upside rally could be testing all the way up to 15150-15300 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 14700. A slide to 14550 is also a possibility if the price makes or break below the current support level.

Pre-Market Tuesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14861 -51 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.60%, while the BSE Sensex 30 index climbed 1.53%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which rose 6.04% or 12.95 points to trade at 227.25 at the close. Grasim Industries Ltd added 5.76% or 69.20 points to end at 1270.00 and Oil and Natural Gas Corporation Ltd was up 5.45% or 6.05 points to 117.05 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 4.33% or 24.10 points to trade at 532.20 in late trade. Bajaj Finance Ltd added 0.04% or 1.90 points to end at 5266.80 and Cipla Ltd. gained 0.35% or 2.75 points to 789.80.

The breadth, indicating the overall health of the market, 1883 rose and 1072 declined, while 193 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.59% to 73.487.

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 bullish momentum based on current price action, once the same break above the current key resistance holding near 14800. The upside rally could be testing all the way up to 14950-15100 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 14650. A slide to 14500-14350 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 14742.20 +112.70 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 3.76%, while the BSE Sensex 30 index fell 3.80%.

The biggest gainers of the session on the Nifty 50 were Nestle India Ltd, which fell 0.08% or 12.30 points to trade at 16101.60 at the close. SBI Life Insurance Company Ltd fell 0.63% or 5.50 points to end at 866.90 and NTPC Ltd was down 0.65% or 0.70 points to 107.30 in late trade.

Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 6.76% or 8.05 points to trade at 111.00 in late trade. JSW Steel Ltd declined 6.24% or 26.30 points to end at 395.45 and Hero MotoCorp Ltd shed 6.13% or 210.40 points to 3224.00.

The breadth, indicating the overall health of the market, 1775 fell and 1032 advanced, while 174 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 1.32% to 73.697.

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 14450. The downside rally could be testing all the way up to 14300-14150 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 14900.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 14906.50 -117.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.77%, while the BSE Sensex 30 index climbed 0.51%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd, which rose 8.10% or 11.70 points to trade at 156.10 at the close. UPL Ltd added 7.05% or 39.05 points to end at 593.00 and Adani Port and Special Economic Zone Ltd was up 5.88% or 39.10 points to 704.30 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 2.04% or 13.10 points to trade at 628.00 in late trade. Nestle India Ltd declined 1.42% or 232.25 points to end at 16113.90 and Larsen & Toubro Ltd shed 1.32% or 20.15 points to 1506.45.

The breadth, indicating the overall health of the market, 1718 rose and 1130 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.06% to 72.423.

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 15050. The downside rally could be testing all the way up to 14900-14750 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 15200. A slide to 15350-15500 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 higher at 15073.50 +24.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.86%, while the BSE Sensex 30 index climbed 2.07%.

The biggest gainers of the session on the Nifty 50 were HDFC Bank Ltd, which rose 5.42% or 82.85 points to trade at 1612.00 at the close. Coal India Ltd added 5.26% or 7.20 points to end at 144.10 and AXIS Bank Ltd was up 5.15% or 36.85 points to 752.80 in late trade.

Biggest losers included UPL Ltd, which lost 2.01% or 11.40 points to trade at 555.00 in late trade. Power Grid Corporation of India Ltd declined 1.55% or 3.50 points to end at 222.60 and Dr. Reddy’s Laboratories Ltd shed 1.43% or 64.20 points to 4430.95.

The breadth, indicating the overall health of the market, 1529 rose and 876 declined, while 574 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.10% to 72.451.

NSE - India’s largest Outage of 4 hours due to telecom network glitch on Wednesday

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 bullish momentum based on current price action, once the same break above the current key resistance holding near 15050. The upside rally could be testing all the way up to 15200-15350 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 14600.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 14821.20 +114.40 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 2.04%, while the BSE Sensex 30 index fell 2.25%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 2.87% or 11.35 points to trade at 407.00 at the close. Adani Port and Special Economic Zone Ltd added 2.83% or 18.50 points to end at 672.00 and Hindalco Industries Ltd. was up 2.14% or 6.60 points to 314.60 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 5.18% or 133.90 points to trade at 2450.75 in late trade. Tech Mahindra Ltd declined 4.68% or 46.55 points to end at 947.40 and Mahindra & Mahindra Ltd. shed 4.67% or 41.05 points to 838.20.

The breadth, indicating the overall health of the market, 1899 fell and 1011 advanced, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 72.461.

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 14600. The downside rally could be testing all the way up to 14450-14300 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 15050.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 15029.50 +4.50 points on indicating gap up opening for the NSE.

“The NSE Nifty 50 index was down 0.45% at 15,057.15 by 0348 GMT, while the S&P BSE Sensex was 0.46% lower at 51,089.95. Both indexes were down for a fourth straight session.

The top three drags on the Nifty 50 were lenders ICICI Bank, HDFC Bank HDBK.NS and Kotak Mahindra, each shedding about 1%.

Private-sector banks rallied in early February before investors began selling this week. For the month, they are still up 14.8%.” - Reuters

Rupee desk: The USD/INR was neutral 0.00% to 72.560.

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 14950. The downside rally could be testing all the way up to 14800-14650 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 15250. A slide to 15400 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 15045.80 -23.95 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.59%, while the BSE Sensex 30 index fell 0.73%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 7.63% or 7.80 points to trade at 110.05 at the close. GAIL Ltd added 7.11% or 9.55 points to end at 143.95 and Bharat Petroleum Corp. Ltd. was up 4.69% or 19.30 points to 431.00 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 2.47% or 141.15 points to trade at 5564.00 in late trade. Mahindra & Mahindra Ltd. declined 2.18% or 19.95 points to end at 895.00 and Tata Motors Ltd shed 2.17% or 7.15 points to 323.00.

The breadth, indicating the overall health of the market, 1589 rose and 1275 declined, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.28% to 72.608.

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 15050. The downside rally could be testing all the way up to 14900-14750 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 15250. A slide to 15400 and whole new level 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 higher at 15228.80 +18.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.68%, while the BSE Sensex 30 index lost 0.77%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd, which rose 3.54% or 122.45 points to trade at 3584.00 at the close. Adani Port and Special Economic Zone Ltd added 3.02% or 19.20 points to end at 655.75 and State Bank of India was up 2.34% or 9.40 points to 411.75 in late trade.

Biggest losers included Nestle India Ltd, which lost 2.76% or 476.05 points to trade at 16741.20 in late trade. Bajaj Finserv Ltd declined 2.54% or 265.60 points to end at 10195.00 and Asian Paints Ltd. shed 2.53% or 62.10 points to 2388.15.

The breadth, indicating the overall health of the market, 1461 rose and 1393 declined, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.13% to 72.767.

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 15150. The downside rally could be testing all the way up to 15000-14850 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 15450.

Pre-Market Wednesday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15249 -10.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.01%, while the BSE Sensex 30 index fell 0.10%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which rose 6.26% or 13.30 points to trade at 225.75 at the close. Oil and Natural Gas Corporation Ltd added 4.98% or 4.90 points to end at 103.35 and Tata Steel Ltd was up 3.79% or 25.50 points to 697.65 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 2.34% or 15.80 points to trade at 658.15 in late trade. AXIS Bank Ltd declined 2.20% or 17.45 points to end at 776.55 and Eicher Motors Ltd. shed 1.63% or 45.05 points to 2725.00.

The breadth, indicating the overall health of the market, 1563 fell and 1312 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.09% to 72.680.

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 15250. The downside rally could be testing all the way up to 15100-14950 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 15400. A slide to whole new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 15353 +12.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.00% to hit a new all-time high, while the BSE Sensex 30 index climbed 1.18%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 6.21% or 46.60 points to trade at 797.00 at the close. ICICI Bank Ltd added 4.17% or 27.00 points to end at 674.60 and State Bank of India was up 4.03% or 15.85 points to 409.00 in late trade.

Biggest losers included SBI Life Insurance Company Ltd, which lost 2.27% or 20.35 points to trade at 876.50 in late trade. HDFC Life Insurance Company Ltd declined 2.05% or 14.60 points to end at 696.35 and Dr. Reddy’s Laboratories Ltd shed 1.80% or 86.25 points to 4705.75.

The breadth, indicating the overall health of the market, 1639 fell and 1300 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.06% to 72.626.

Technical outlook

Nifty daily chart has formed "Rising channel" pattern. The last session ended up bullish mode breaking above creating new historical high. 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 15350(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 15050. A slide to 14900 levels 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 15240.50 +31 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.07%, while the BSE Sensex 30 index added 0.02%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 4.18% or 24.75 points to trade at 616.60 at the close. ICICI Bank Ltd added 2.69% or 16.95 points to end at 647.60 and AXIS Bank Ltd was up 1.39% or 10.30 points to 750.40 in late trade.

Biggest losers included ITC Ltd, which lost 3.97% or 9.00 points to trade at 217.45 in late trade. GAIL Ltd declined 2.60% or 3.55 points to end at 132.90 and Sun Pharmaceutical Industries Ltd. shed 2.56% or 16.50 points to 627.15.

The breadth, indicating the overall health of the market, 1489 fell and 1369 advanced, while 156 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.18% to 72.568.

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 15250(Near 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 15050. A slide to 14900-14750 levels is also a possibility if the price makes or break below the current support level.

Pre-Market Friday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15173 -17.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.44% to hit a new all-time high, while the BSE Sensex 30 index added 0.43%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd., which rose 5.73% or 16.00 points to trade at 295.40 at the close. Reliance Industries Ltd added 4.12% or 81.40 points to end at 2055.70 and Sun Pharmaceutical Industries Ltd. was up 2.64% or 16.55 points to 643.65 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 2.87% or 83.15 points to trade at 2818.15 in late trade. Titan Company Ltd declined 2.46% or 38.45 points to end at 1524.70 and NTPC Ltd shed 2.35% or 2.35 points to 97.50.

The breadth, indicating the overall health of the market, 1661 rose and 1223 declined, while 126 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.07% to 72.840.

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 15200. 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 15050. A slide to 14900-14750 levels 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 15074.80 +3.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.02%, while the BSE Sensex 30 index declined 0.04%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finserv Ltd, which rose 2.88% or 286.30 points to trade at 10227.95 at the close. Cipla Ltd. added 2.57% or 21.65 points to end at 863.40 and SBI Life Insurance Company Ltd was up 2.55% or 22.65 points to 911.35 in late trade.

Biggest losers included HDFC Bank Ltd, which lost 1.87% or 30.10 points to trade at 1581.75 in late trade. Eicher Motors Ltd. declined 1.57% or 46.35 points to end at 2901.30 and Bharti Airtel Ltd. shed 1.46% or 8.75 points to 590.20.

The breadth, indicating the overall health of the market, 1432 rose and 1431 declined, while 157 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.03% to 72.834.

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 15050. The downside rally could be testing all the way up to 14900-14750 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 15250(Near New historical high). 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 positive trading, Nifty50 on the SGX were trading higher at 15170.50 +22.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.04%, while the BSE Sensex 30 index fell 0.04%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 3.72% or 90.00 points to trade at 2506.85 at the close. SBI Life Insurance Company Ltd added 3.45% or 29.60 points to end at 888.70 and HDFC Life Insurance Company Ltd was up 3.05% or 20.85 points to 704.90 in late trade.

Biggest losers included Indian Oil Corporation Ltd, which lost 6.15% or 6.40 points to trade at 97.70 in late trade. Mahindra & Mahindra Ltd. declined 3.60% or 33.40 points to end at 895.00 and Tata Motors Ltd shed 3.24% or 10.90 points to 325.05.

The breadth, indicating the overall health of the market, 1617 fell and 1248 advanced, while 179 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 72.888.

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 15050. The downside rally could be testing all the way up to 14900-14750 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 15250(Near New historical high). A slide to whole new levels is also a possibility if the price makes or break above the current resistance level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 15171.50 +4.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.28% to hit a new all-time high, while the BSE Sensex 30 index added 1.22%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 7.39% or 64.00 points to trade at 929.50 at the close. Tata Motors Ltd added 6.54% or 20.65 points to end at 336.55 and Hindalco Industries Ltd. was up 6.30% or 16.50 points to 278.55 in late trade.

Biggest losers included Britannia Industries Ltd, which lost 1.85% or 65.55 points to trade at 3476.10 in late trade. Hindustan Unilever Ltd. declined 1.43% or 32.55 points to end at 2237.00 and Kotak Mahindra Bank Ltd. shed 1.39% or 27.60 points to 1955.10.

The breadth, indicating the overall health of the market, 1652 rose and 1274 declined, while 180 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.21% to 72.963.

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 15160(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 15000. A slide to 14850-14700 is also a possibility if the price makes or break below the current support level.