Nifty Report

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11111.50 +79.60 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 2.26%, while the BSE Sensex 30 index climbed 2.28%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 7.69% or 13.00 points to trade at 182.10 at the close. Bajaj Finserv Ltd added 6.60% or 357.90 points to end at 5783.60 and HCL Technologies Ltd was up 5.30% or 41.80 points to 830.10 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 0.86% or 3.25 points to trade at 374.00 in late trade. UPL Ltd declined 0.58% or 2.95 points to end at 502.20 and HDFC Life Insurance Company Ltd gained 0.06% or 0.35 points to 578.00.

The breadth, indicating the overall health of the market, 1914 rose and 646 declined, while 164 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.26% to 73.709.

Technical outlook

Nifty fut 4hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish after retesting the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same break above a key resistance holding near 11100. The upside rally could be testing all the way up to 11250-11400 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 10850. A slide to 11650 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 10898.80 +58.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 2.93% to hit a new 1-month low, while the BSE Sensex 30 index fell 2.96%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 2.85% or 4.75 points to trade at 171.70 at the close. Zee Entertainment Enterprises Ltd. added 0.89% or 1.70 points to end at 193.50 and Hindustan Unilever Ltd. was up 0.25% or 5.05 points to 2057.60 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 7.45% or 39.35 points to trade at 488.70 in late trade. Tata Motors Ltd declined 6.58% or 8.65 points to end at 122.75 and Bajaj Finance Ltd shed 6.57% or 213.20 points to 3030.65.

The breadth, indicating the overall health of the market, 1954 fell and 600 advanced, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.43% to 73.884.

Technical outlook

Nifty fut daily chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish 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 a key support holding near 10750. The downside rally could be testing all the way up to 10600-10450 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11050. A slide to 11200 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 at 11020 -128.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.20% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.17%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 1.88% or 7.75 points to trade at 419.75 at the close. GAIL Ltd added 1.84% or 1.55 points to end at 85.70 and Hindustan Unilever Ltd. was up 1.27% or 25.75 points to 2052.55 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 7.89% or 37.15 points to trade at 433.80 in late trade. Bharti Infratel Ltd declined 7.46% or 13.45 points to end at 166.95 and Tata Steel Ltd shed 3.43% or 12.85 points to 361.30.

The breadth, indicating the overall health of the market, 1354 fell and 1199 advanced, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.03% to 73.489.

Technical outlook

Nifty fut 4hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish 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 a key support holding near 11100. The downside rally could be testing all the way up to 10950-10800 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11250. A slide to 11400-11550 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 11183.50 +6.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.86% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.79%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 2.89% or 23.20 points to trade at 825.80 at the close. Tata Consultancy Services Ltd. added 2.50% or 61.70 points to end at 2527.00 and Tech Mahindra Ltd was up 2.36% or 18.60 points to 805.85 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 6.64% or 14.00 points to trade at 196.70 in late trade. Bharti Infratel Ltd declined 4.69% or 8.85 points to end at 179.90 and Adani Port and Special Economic Zone Ltd shed 4.66% or 16.20 points to 331.65.

The breadth, indicating the overall health of the market, 1798 fell and 735 advanced, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.16% to 73.453.

Technical outlook

Nifty fut daily chart has formed "Rising channel" pattern. The last few sessions ended up bearish 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 a key support holding near 11100. The downside rally could be testing all the way up to 10950-10800 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11400. A slide to 11550 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 11289 +62.90 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 2.21% to hit a new 1-month low, while the BSE Sensex 30 index lost 2.09%.

The biggest gainers of the session on the Nifty 50 were Tata Consultancy Services Ltd., which rose 0.70% or 17.10 points to trade at 2467.00 at the close. Infosys Ltd added 0.48% or 4.85 points to end at 1007.00 and Kotak Mahindra Bank Ltd. was up 0.37% or 4.75 points to 1281.85 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 8.52% or 52.25 points to trade at 560.95 in late trade. Tata Motors Ltd declined 7.84% or 11.60 points to end at 136.30 and Hindalco Industries Ltd. shed 7.24% or 13.00 points to 166.50.

The breadth, indicating the overall health of the market, 2088 fell and 567 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.02% to 73.552.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish 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 a key support holding near 11180. The downside rally could be testing all the way up to 11030-10880 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11330. A slide to 11480-11630 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 lower at 11486.20 -33.30 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.10%, while the BSE Sensex 30 index lost 0.34%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 9.92% or 478.75 points to trade at 5306.00 at the close. Cipla Ltd. added 7.11% or 53.40 points to end at 804.90 and Adani Port and Special Economic Zone Ltd was up 3.76% or 13.00 points to 359.10 in late trade.

Biggest losers included HDFC Bank Ltd, which lost 2.28% or 24.70 points to trade at 1058.90 in late trade. Shree Cements Ltd. declined 2.00% or 397.65 points to end at 19490.75 and Kotak Mahindra Bank Ltd. shed 1.85% or 24.10 points to 1281.00.

The breadth, indicating the overall health of the market, 1389 fell and 1254 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 73.419.

Technical outlook

Nifty fut daily 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 bearish momentum based on current price action, once the same break below a key support holding near 11450. The downside rally could be testing all the way up to 11300-11150 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11600. A slide to 11750-11900 also a possibility if the price makes or break above the current resistance level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11527.50 +0.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.76%, while the BSE Sensex 30 index fell 0.82%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 4.26% or 197.10 points to trade at 4825.00 at the close. Zee Entertainment Enterprises Ltd. added 2.36% or 5.10 points to end at 220.95 and HCL Technologies Ltd was up 2.16% or 17.05 points to 806.30 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 4.35% or 8.00 points to trade at 175.80 in late trade. Tata Motors Ltd declined 2.44% or 3.70 points to end at 147.75 and Shree Cements Ltd. shed 2.34% or 477.85 points to 19910.00.

The breadth, indicating the overall health of the market, 1519 fell and 1109 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12% to 73.617.

Technical outlook

Nifty fut 2hr 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 bearish momentum based on current price action, once the same break below a key support holding near 11460. The downside rally could be testing all the way up to 11300-11150 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11580. A slide to 11750-11900 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 at 11510.50 -101.10 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.72%, while the BSE Sensex 30 index added 0.66%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 4.44% or 197.25 points to trade at 4639.60 at the close. Mahindra & Mahindra Ltd. added 4.01% or 24.60 points to end at 638.05 and Hindalco Industries Ltd. was up 3.90% or 6.90 points to 183.65 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 2.00% or 12.65 points to trade at 620.75 in late trade. NTPC Ltd declined 1.65% or 1.50 points to end at 89.60 and Bharti Infratel Ltd shed 1.14% or 2.30 points to 200.20.

The breadth, indicating the overall health of the market, 1368 rose and 1270 declined, while 196 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.07% to 73.546.

Technical outlook

Nifty fut daily chart has formed "Rising channel" pattern. The last few sessions ended up bullish 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 a key resistance holding near 11650. The upside rally could be testing all the way up to 11800-11950 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 11500. A slide to 11350-11200 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 11517 -17 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.71%, while the BSE Sensex 30 index gained 0.74%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 4.68% or 28.50 points to trade at 637.85 at the close. Cipla Ltd. added 2.88% or 20.75 points to end at 742.35 and UPL Ltd was up 2.75% or 14.20 points to 530.10 in late trade.

Biggest losers included Titan Company Ltd, which lost 1.35% or 16.00 points to trade at 1172.00 in late trade. Maruti Suzuki India Ltd. declined 1.11% or 78.85 points to end at 7050.00 and HDFC Life Insurance Company Ltd shed 0.91% or 5.45 points to 594.00.

The breadth, indicating the overall health of the market, 1541 rose and 1120 declined, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.35% to 73.629.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish 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 a key resistance holding near 11550. The upside rally could be testing all the way up to 11700-11800 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 11450. A slide to 11300-11200 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 11465.80 +31.90 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.21%, while the BSE Sensex 30 index fell 0.25%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 9.89% or 71.35 points to trade at 793.00 at the close. Tata Consultancy Services Ltd. added 4.67% or 110.90 points to end at 2485.00 and Wipro Ltd was up 4.36% or 12.80 points to 306.10 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 3.79% or 18.65 points to trade at 473.00 in late trade. Bharat Petroleum Corp. Ltd. declined 3.10% or 13.30 points to end at 415.45 and Bajaj Finance Ltd shed 3.00% or 106.40 points to 3438.00.

The breadth, indicating the overall health of the market, 1781 rose and 889 declined, while 171 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.03% to 73.448.

Technical outlook

Nifty fut daily chart has formed "Rising channel" pattern. The last session ended up bearish 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 a key support holding near 11380. The downside rally could be testing all the way up to 11200-11050 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11550. A slide to 11700-11800 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 11489.20 +22.25 points on indicating gap up opening for the NSE.

Reuters - “Indian shares ended flat on Friday, as an agreement between India and China to de-escalate tensions on their contested border offset some negative sentiment from a continued selloff in U.S. tech stocks overnight, while investors also awaited industry data.

NSE Nifty 50 index closed up 0.13% at 11,464.45, while the benchmark S&P BSE Sensex ended up 0.04% at 38,854.55. The indexes gained 1.2% and 1.3%, respectively, for the week after falling more than 2.6% last week.”

Rupee desk: The USD/INR was up 0.0% to 73.480.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish along with some corrections. The market is expected to continue on bullish momentum based on current price action, once the same break above a key resistance holding near 11500. The upside rally could be testing all the way up to 11650-11800 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 11350. A slide to 11200-11050 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 11421.20 -46.25 points on indicating gap down opening for the NSE.

Reuters - “Indian shares rose on Thursday, driven by gains in shares of Reliance Industries after reports of potential stake sales in the companys retail arm, with strength in broader Asian markets also boosting investor sentiment.

NSE Nifty 50 index rose 0.67% to 11,353.75, while the benchmark S&P BSE Sensex was up 0.75% to 38,473.39 by 0354 GMT.”

Rupee desk: The USD/INR was up 0.19% to 73.440.

Technical outlook

Nifty fut daily chart has formed "Rising channel" pattern. The last few sessions ended up bullish after testing near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same break above a key resistance holding near 11500. The upside rally could be testing all the way up to 11650-11800 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 11300. A slide to 11150-11000 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 11310.20 -7.55 points on indicating gap down opening for the NSE.

Reuters - “Indian shares tracked a deepening sell-off on global stock markets on Wednesday, with AstraZenecas domestic unit down up to 12.3% after the UK drug-maker paused global trials of its experimental COVID-19 vaccine.

NSE Nifty 50 index fell 0.76% to 11,231.10, while the benchmark S&P BSE Sensex was down 0.79% to 38,063.11 by 0449 GMT.”

Rupee desk: The USD/INR was down 0.58% to 73.310.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same break below a key support holding near 11200. The downside rally could be testing all the way up to 11050-10900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11330. A slide to 11460-11600 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 lower at 11261.80 -40.25 points on indicating gap down opening for the NSE.

Reuters - Indian shares ended lower on Tuesday as a fresh flare-up at the countrys disputed border with China dampened investor sentiment, with the market also tracking weakness in global peers on doubts about a recovery in tech stocks.

NSE Nifty 50 index NSEI closed 0.33% lower at 11,317.35, while the benchmark S&P BSE Sensex BSESN closed down 0.14% at 38,365.35.

Rupee desk: The USD/INR was up 0.06% to 73.787.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same break below a key support holding near 11250. The downside rally could be testing all the way up to 11100-10950 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11400. A slide to 11600-11700 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 11420 +30.55 points on indicating gap up opening for the NSE.

Reuters - Indian shares were subdued on Monday, as broader Asian markets were on the defensive after a continued Wall Street selloff in technology stocks, while investors awaited an announcement from debt-laden Vodafone Idea Ltd later in the day.

Rupee desk: The USD/INR was up +0 73.447.

Technical outlook

Nifty fut 2hr chart has formed "Rising channel" pattern. The last session ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same break below a key support holding near 11300. The downside rally could be testing all the way up to 11100-10900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11450. A slide to 11600-11800 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 11345 +46.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.68%, while the BSE Sensex 30 index fell 1.63%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd., which rose 1.94% or 137.40 points to trade at 7210.00 at the close. Bajaj Finance Ltd fell 0.07% or 2.70 points to end at 3617.00 and Tata Consultancy Services Ltd. was down 0.08% or 1.85 points to 2297.65 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 3.77% or 17.90 points to trade at 457.05 in late trade. Tata Steel Ltd declined 3.70% or 16.20 points to end at 421.90 and JSW Steel Ltd shed 3.51% or 10.30 points to 283.10.

The breadth, indicating the overall health of the market, 1654 fell and 992 advanced, while 177 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.36% to 73.127.

Technical outlook

Nifty fut daily chart has formed "Rising channel" pattern. The last session ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same break below a key support holding near 11300. The downside rally could be testing all the way up to 11100-10900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11450. A slide to 11600-11800 is also a possibility if the price makes or break above the current resistance level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11433.50 -116.60 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.07%, while the BSE Sensex 30 index fell 0.24%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 11.09% or 21.75 points to trade at 217.80 at the close. Grasim Industries Ltd added 7.02% or 47.65 points to end at 726.10 and Titan Company Ltd was up 5.69% or 63.85 points to 1185.15 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 2.17% or 4.25 points to trade at 191.95 in late trade. ICICI Bank Ltd declined 2.03% or 7.95 points to end at 384.45 and Bharti Airtel Ltd. shed 1.99% or 10.95 points to 539.60.

The breadth, indicating the overall health of the market, 1444 rose and 1175 declined, while 173 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.37% to 73.538.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same break below a key support holding near 11450. The downside rally could be testing all the way up to 11300-11100 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11800.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11579.50 +72 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.56%, while the BSE Sensex 30 index added 0.48%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 7.53% or 15.20 points to trade at 217.00 at the close. Mahindra & Mahindra Ltd. added 6.01% or 36.50 points to end at 644.05 and Tata Motors Ltd was up 5.35% or 7.70 points to 151.50 in late trade.

Biggest losers included Bajaj Auto Ltd, which lost 2.21% or 65.40 points to trade at 2893.00 in late trade. Asian Paints Ltd. declined 1.43% or 28.30 points to end at 1951.00 and Hero MotoCorp Ltd shed 1.42% or 42.60 points to 2953.00.

The breadth, indicating the overall health of the market, 1537 rose and 980 declined, while 135 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.17% to 73.126.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up sideways testing near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11600. The upside rally could be testing all the way up to 11800-11950 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 11400. A slide to 11200-11050 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 11509.80 +19 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.73%, while the BSE Sensex 30 index added 0.71%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 7.09% or 36.40 points to trade at 549.50 at the close. JSW Steel Ltd added 6.54% or 17.65 points to end at 287.45 and Hindalco Industries Ltd. was up 5.26% or 9.75 points to 195.00 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 4.56% or 9.05 points to trade at 189.50 in late trade. Oil and Natural Gas Corporation Ltd declined 2.87% or 2.35 points to end at 79.60 and AXIS Bank Ltd shed 1.96% or 9.75 points to 487.00.

The breadth, indicating the overall health of the market, 1365 fell and 1104 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.39% to 72.965.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last sessions ended up flat testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 11400. The downside rally could be testing all the way up to 11250-11100 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11800.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11424.50 +65 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 2.23%, while the BSE Sensex 30 index lost 2.13%.

The biggest gainers of the session on the Nifty 50 were Oil and Natural Gas Corporation Ltd, which rose 1.87% or 1.50 points to trade at 81.85 at the close. Tata Consultancy Services Ltd added 0.33% or 7.40 points to end at 2245.95 and HDFC Bank Ltd was down 0.26% or 2.85 points to 1111.65 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 7.42% or 41.25 points to trade at 514.50 in late trade. Zee Entertainment Enterprises Ltd. declined 5.78% or 12.35 points to end at 201.50 and State Bank of India shed 5.76% or 12.95 points to 211.90.

The breadth, indicating the overall health of the market, 2213 fell and 458 advanced, while 133 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.50% to 73.480.

Technical outlook

Nifty fut 2hr chart has formed "Rising channel" pattern. The last sessions ended up bearish testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 11300. The downside rally could be testing all the way up to 11150-11000 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11450. A slide to 11600-11750 is also a possibility if the price makes or break above the resistance level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11750.20 +75.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.76% to hit a new 6-month high, while the BSE Sensex 30 index climbed 0.90%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 11.74% or 71.15 points to trade at 677.00 at the close. AXIS Bank Ltd added 7.74% or 36.60 points to end at 509.65 and UPL Ltd was up 4.88% or 24.25 points to 521.00 in late trade.

Biggest losers included JSW Steel Ltd, which lost 2.87% or 8.30 points to trade at 281.00 in late trade. Hero MotoCorp Ltd declined 2.34% or 73.60 points to end at 3068.15 and Power Grid Corporation of India Ltd shed 1.46% or 2.70 points to 182.50.

The breadth, indicating the overall health of the market, 1539 fell and 1158 advanced, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.79% to 73.312.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11700. The upside rally could be testing all the way up to 11850-12000 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 11400.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11626 +53.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.08% to hit a new 6-month high, while the BSE Sensex 30 index added 0.10%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 6.53% or 37.05 points to trade at 604.70 at the close. Mahindra & Mahindra Ltd. added 4.18% or 25.65 points to end at 639.00 and Tata Motors Ltd was up 4.13% or 5.70 points to 143.60 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 1.37% or 29.20 points to trade at 2108.10 in late trade. Oil and Natural Gas Corporation Ltd declined 1.29% or 1.05 points to end at 80.35 and Bajaj Auto Ltd shed 1.27% or 39.10 points to 3043.10.

The breadth, indicating the overall health of the market, 1345 fell and 1337 advanced, while 159 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.46% to 73.876.

Technical outlook

Nifty fut 4hr chart has formed "Rising channel" pattern. The last few sessions ended up bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11620. The upside rally could be testing all the way up to 11780-11900 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 11350.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11573 -19.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.67% to hit a new 6-month high, while the BSE Sensex 30 index gained 0.59%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 8.77% or 11.15 points to trade at 138.25 at the close. Hero MotoCorp Ltd added 6.47% or 192.25 points to end at 3162.00 and IndusInd Bank Ltd. was up 5.96% or 32.00 points to 568.50 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 2.88% or 15.25 points to trade at 513.40 in late trade. UltraTech Cement Ltd declined 2.17% or 90.35 points to end at 4082.00 and Britannia Industries Ltd shed 1.64% or 63.85 points to 3833.00.

The breadth, indicating the overall health of the market, 1572 rose and 1087 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.07% to 74.254.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11600. The upside rally could be testing all the way up to 11750-11900 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 11150.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11508.20 +32.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.05% to hit a new 3-month high, while the BSE Sensex 30 index added 0.12%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 5.32% or 6.45 points to trade at 127.65 at the close. Bajaj Finance Ltd added 4.75% or 165.95 points to end at 3658.00 and State Bank of India was up 3.38% or 6.80 points to 208.25 in late trade.

Biggest losers included GAIL Ltd, which lost 1.72% or 1.75 points to trade at 99.85 in late trade. NTPC Ltd declined 1.52% or 1.60 points to end at 103.80 and Sun Pharmaceutical Industries Ltd. shed 1.40% or 7.45 points to 526.00.

The breadth, indicating the overall health of the market, 1395 fell and 1250 advanced, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.08% to 74.226.

Technical outlook

Nifty fut 2hr chart has formed "Rising 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 breaks above a key resistance holding near 11520. The upside rally could be testing all the way up to 11700-11880 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 11360. A slide to 11200-11050 is also a possibility if the prices makes or break below the support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11503.50 +54.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.83% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.95%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 4.76% or 9.15 points to trade at 201.20 at the close. Kotak Mahindra Bank Ltd. added 3.49% or 46.70 points to end at 1386.10 and IndusInd Bank Ltd. was up 3.33% or 17.10 points to 530.65 in late trade.

Biggest losers included Power Grid Corporation of India Ltd, which lost 2.01% or 3.80 points to trade at 185.30 in late trade. Vedanta Ltd declined 1.87% or 2.45 points to end at 128.25 and Mahindra & Mahindra Ltd. shed 1.18% or 7.20 points to 602.60.

The breadth, indicating the overall health of the market, 1548 rose and 1125 declined, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 1.04% to 74.142.

Technical outlook

Nifty fut 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 breaks above a key resistance holding near 11500. The upside rally could be testing all the way up to 11650-11800 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 11100.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11429.50 +40.05 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 NTPC Ltd, which rose 5.00% or 5.05 points to trade at 106.15 at the close. Power Grid Corporation of India Ltd added 4.64% or 8.40 points to end at 189.60 and Asian Paints Ltd. was up 4.27% or 80.10 points to 1955.00 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 3.74% or 7.45 points to trade at 192.00 in late trade. Hindalco Industries Ltd. declined 1.61% or 3.20 points to end at 195.80 and Bharti Airtel Ltd. shed 1.25% or 6.55 points to 519.00.

The breadth, indicating the overall health of the market, 1710 rose and 923 declined, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.11% to 74.933.

Technical outlook

Nifty fut daily chart has formed "Rising 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 breaks above a key resistance holding near 11450. The upside rally could be testing all the way up to 11600-11750 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 11100.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11379.50 +25.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.84%, while the BSE Sensex 30 index lost 1.02%.

The biggest gainers of the session on the Nifty 50 were NTPC Ltd, which rose 6.87% or 6.50 points to trade at 101.15 at the close. Oil and Natural Gas Corporation Ltd added 3.33% or 2.65 points to end at 82.20 and Power Grid Corporation of India Ltd was up 2.59% or 4.60 points to 181.95 in late trade.

Biggest losers included Tata Motors Ltd, which lost 2.64% or 3.30 points to trade at 121.85 in late trade. Housing Development Finance Corporation Ltd declined 2.28% or 41.75 points to end at 1786.20 and AXIS Bank Ltd shed 2.16% or 9.60 points to 434.60.

The breadth, indicating the overall health of the market, 1512 rose and 1096 declined, while 142 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.35% to 75.109.

Technical outlook

Nifty fut hourly chart has formed "Rising wedge" pattern. The last session ended up sideways testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 11280. The downside rally could be testing all the way up to 11200-11100 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11360. A slide to 11530 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 11285.50 -142.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.20% to hit a new 3-month high, while the BSE Sensex 30 index added 0.22%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 14.06% or 24.45 points to trade at 198.40 at the close. GAIL Ltd added 5.00% or 4.85 points to end at 101.80 and Tech Mahindra Ltd was up 2.24% or 15.95 points to 729.00 in late trade.

Biggest losers included Bajaj Auto Ltd, which lost 1.20% or 37.30 points to trade at 3067.50 in late trade. Oil and Natural Gas Corporation Ltd declined 1.18% or 0.95 points to end at 79.70 and Nestle India Ltd shed 1.12% or 184.60 points to 16370.00.

The breadth, indicating the overall health of the market, 1676 rose and 931 declined, while 142 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34% to 74.823.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last session ended up sideways retesting near the channel’s resistance line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 11360. The downside rally could be testing all the way up to 11250-11150 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11460. A slide to 11650 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 11428 +27 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.23% to hit a new 3-month high, while the BSE Sensex 30 index gained 1.26%.

The biggest gainers of the session on the Nifty 50 were Grasim Industries Ltd, which rose 6.50% or 40.65 points to trade at 666.00 at the close. UltraTech Cement Ltd added 3.33% or 134.40 points to end at 4170.00 and JSW Steel Ltd was up 3.12% or 8.40 points to 278.00 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 1.25% or 5.10 points to trade at 402.80 in late trade. Tech Mahindra Ltd declined 0.91% or 6.55 points to end at 714.50 and Cipla Ltd. shed 0.80% or 6.15 points to 765.50.

The breadth, indicating the overall health of the market, 1756 rose and 860 declined, while 126 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.13% to 74.644.

Technical outlook

Nifty fut 4hr chart has formed "Rising channel" pattern. The last session ended up bullish after retesting near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a stiff resistance holding near 11450. The upside rally could be testing all the way up to 11600-11750 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 11150.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11287.50 +6.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.61%, while the BSE Sensex 30 index added 0.46%.

The biggest gainers of the session on the Nifty 50 were NTPC Ltd, which rose 7.47% or 6.60 points to trade at 95.00 at the close. Eicher Motors Ltd. added 4.79% or 965.85 points to end at 21110.00 and Zee Entertainment Enterprises Ltd. was up 4.71% or 7.60 points to 168.80 in late trade.

Biggest losers included State Bank of India, which lost 1.55% or 3.05 points to trade at 193.45 in late trade. Bharti Airtel Ltd. declined 1.47% or 7.75 points to end at 520.85 and Bharat Petroleum Corp. Ltd. shed 1.28% or 5.30 points to 407.95.

The breadth, indicating the overall health of the market, 1547 rose and 1058 declined, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.03% to 74.855.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up bearish testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 11150. The downside rally could be testing all the way up to 10900-10800 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11350. A slide to 11600 is also a possibility if the make or break above the stiff resistance level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11294 +107.85 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.08%, while the BSE Sensex 30 index declined 1.13%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 2.57% or 6.65 points to trade at 265.25 at the close. Coal India Ltd added 2.33% or 3.00 points to end at 131.95 and Sun Pharmaceutical Industries Ltd. was up 1.97% or 10.25 points to 531.05 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 7.15% or 1548.95 points to trade at 20124.00 in late trade. Tata Motors Ltd declined 4.80% or 6.30 points to end at 124.85 and Mahindra & Mahindra Ltd. shed 3.27% or 20.65 points to 610.80.

The breadth, indicating the overall health of the market, 1548 fell and 1018 advanced, while 125 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.13% to 74.906.

Technical outlook

Nifty fut hourly chart has formed "Rising channel" pattern. The last session ended up bearish retesting near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11230. The upside rally could be testing all the way up to 11440-11600 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 11130. A slide to 10900 is also a possibility if the make or break below the current support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11326 +2.55 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 fell 0.15%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 4.59% or 5.75 points to trade at 131.10 at the close. Larsen & Toubro Ltd added 4.39% or 41.65 points to end at 991.40 and Hindalco Industries Ltd. was up 4.21% or 7.40 points to 183.20 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 2.10% or 11.15 points to trade at 521.00 in late trade. Eicher Motors Ltd. declined 2.06% or 456.60 points to end at 21660.05 and Bharti Airtel Ltd. shed 2.04% or 11.20 points to 536.50.

The breadth, indicating the overall health of the market, 1485 rose and 1083 declined, while 130 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.04% to 74.822.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up slightly in bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11360. The upside rally could be testing all the way up to 11550-11650 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 11250. A slide to 10900 is also a possibility if the make or break below the current support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11329.50 +14.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.12%, while the BSE Sensex 30 index lost 0.10%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 4.66% or 31.85 points to trade at 715.65 at the close. State Bank of India added 4.33% or 8.45 points to end at 203.50 and Tech Mahindra Ltd was up 2.84% or 19.15 points to 693.95 in late trade.

Biggest losers included Cipla Ltd., which lost 2.06% or 16.00 points to trade at 762.00 in late trade. Kotak Mahindra Bank Ltd. declined 2.06% or 28.05 points to end at 1336.55 and Sun Pharmaceutical Industries Ltd. shed 2.04% or 11.05 points to 530.00.

The breadth, indicating the overall health of the market, 1430 rose and 1145 declined, while 131 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.26% to 74.806.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up slightly in bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11360. The upside rally could be testing all the way up to 11550-11650 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 10900.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11236.80 -111.20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.46% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.59%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 5.16% or 7.80 points to trade at 159.00 at the close. JSW Steel Ltd added 3.94% or 9.65 points to end at 254.85 and AXIS Bank Ltd was up 3.92% or 16.90 points to 448.00 in late trade.

Biggest losers included Shree Cements Ltd., which lost 3.87% or 866.40 points to trade at 21530.00 in late trade. Titan Company Ltd declined 3.57% or 39.55 points to end at 1068.00 and UPL Ltd shed 2.33% or 11.50 points to 482.80.

The breadth, indicating the overall health of the market, 1503 rose and 1088 declined, while 133 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.29% to 74.654.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up slightly in bullish along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11400. The upside rally could be testing all the way up to 11600-11750 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 10900.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11355.80 +48 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.50%, while the BSE Sensex 30 index gained 0.37%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 9.48% or 69.05 points to trade at 797.70 at the close. Mahindra & Mahindra Ltd. added 4.90% or 29.45 points to end at 629.90 and Larsen & Toubro Ltd was up 4.84% or 44.30 points to 959.95 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 2.19% or 477.35 points to trade at 21330.00 in late trade. Asian Paints Ltd. declined 1.23% or 22.25 points to end at 1784.00 and Maruti Suzuki India Ltd. shed 1.20% or 80.00 points to 6599.00.

The breadth, indicating the overall health of the market, 1644 rose and 941 declined, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.11% to 74.928.

Technical outlook

Nifty fut hourly chart has formed "Megaphone chart" pattern. The last session ended up sideways testing near the channel’s resistance line. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11320. The upside rally could be testing all the way up to 11550-11650 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 11220. A slide to 10980 is also a possibility if the prices break below the support level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11225.50 +12.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.12%, while the BSE Sensex 30 index added 0.04%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 4.65% or 80.25 points to trade at 1807.80 at the close. Bajaj Finance Ltd added 3.74% or 125.10 points to end at 3470.30 and UPL Ltd was up 3.49% or 16.20 points to 480.10 in late trade.

Biggest losers included Titan Company Ltd, which lost 2.50% or 28.00 points to trade at 1092.15 in late trade. HCL Technologies Ltd declined 2.13% or 15.00 points to end at 689.90 and Infosys Ltd shed 1.98% or 19.20 points to 951.65.

The breadth, indicating the overall health of the market, 1574 rose and 975 declined, while 125 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11% to 74.969.

Technical outlook

Nifty fut 2hr chart has formed "Rising channel" pattern. The last few sessions ended up in 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 breaks above a key resistance holding near 11250. The upside rally could be testing all the way up to 11400-11500 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 11150. A slide to 10900 is also a possibility if the prices break below the support level.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11210.30 -5.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.89%, while the BSE Sensex 30 index added 0.96%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 2.89% or 27.30 points to trade at 972.00 at the close. GAIL Ltd added 2.63% or 2.45 points to end at 95.75 and Bajaj Finance Ltd was up 2.54% or 82.85 points to 3345.00 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 1.29% or 283.10 points to trade at 21675.65 in late trade. Shree Cements Ltd. declined 1.15% or 254.05 points to end at 21849.85 and Adani Port and Special Economic Zone Ltd shed 0.93% or 3.05 points to 324.05.

The breadth, indicating the overall health of the market, 1486 rose and 1018 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.19% to 74.936.

Technical outlook

Nifty fut 4hr chart has formed "Rising channel" pattern. The last few sessions ended up in 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 breaks above a key resistance holding near 11250. The upside rally could be testing all the way up to 11450-11600 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 11100. A slide to 10800 is also a possibility if the prices break below the support level.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11157 +29.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.06%, while the BSE Sensex 30 index fell 0.07%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd., which rose 9.09% or 14.75 points to trade at 177.10 at the close. Tata Steel Ltd added 6.70% or 24.95 points to end at 397.20 and Eicher Motors Ltd. was up 4.82% or 1013.35 points to 22029.00 in late trade.

Biggest losers included UPL Ltd, which lost 1.45% or 6.70 points to trade at 455.00 in late trade. Wipro Ltd declined 1.05% or 2.95 points to end at 278.10 and HDFC Bank Ltd shed 1.03% or 10.70 points to 1030.95.

The breadth, indicating the overall health of the market, 1522 rose and 954 declined, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.33% to 74.812.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in 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 breaks above a key resistance holding near 11160. The upside rally could be testing all the way up to 11350-11450 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 10900.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11080.30 -30.05 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.87%, while the BSE Sensex 30 index added 2.03%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd, which rose 7.44% or 149.40 points to trade at 2158.40 at the close. Zee Entertainment Enterprises Ltd. added 6.37% or 8.60 points to end at 143.55 and HDFC Bank Ltd was up 3.81% or 38.20 points to 1040.20 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 2.79% or 18.80 points to trade at 654.80 in late trade. Bharat Petroleum Corp. Ltd. declined 2.48% or 10.35 points to end at 407.45 and IndusInd Bank Ltd. shed 2.00% or 10.05 points to 493.00.

The breadth, indicating the overall health of the market, 1613 rose and 890 declined, while 123 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.14% to 75.072.

Technical outlook

Nifty fut hourly chart has formed "Megaphone chart" pattern. The last session ended up bullish after retesting near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding near 11120. The upside rally could be testing all the way up to 11250-11340 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 11000. A slide to 10850 is also a possibility if the prices break below the support level.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10956.30 +40.10 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.64%, while the BSE Sensex 30 index lost 1.77%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 6.74% or 7.05 points to trade at 111.70 at the close. Titan Company Ltd added 3.26% or 34.00 points to end at 1077.25 and Tata Steel Ltd was up 1.54% or 5.65 points to 371.95 in late trade.

Biggest losers included UPL Ltd, which lost 5.36% or 25.65 points to trade at 452.50 in late trade. IndusInd Bank Ltd. declined 3.74% or 19.60 points to end at 504.15 and Kotak Mahindra Bank Ltd. shed 3.57% or 48.75 points to 1317.00.

The breadth, indicating the overall health of the market, 1346 rose and 1157 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.47% to 75.267.

Technical outlook

Nifty fut 2hr chart has formed "Ascending broadening wedge" pattern. The last session ended up testing near the channel’s support line. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a crucial support holding near 10850. The downside rally could be testing all the way up to 10650-10550 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds near 11050. A slide to 11340 is also a possibility if the prices break above the resistance level.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11058.50 +79.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.26%, while the BSE Sensex 30 index lost 0.34%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 5.46% or 27.85 points to trade at 537.80 at the close. Cipla Ltd. added 5.11% or 35.05 points to end at 721.00 and Grasim Industries Ltd was up 4.98% or 30.05 points to 633.00 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 2.74% or 581.35 points to trade at 20620.00 in late trade. Reliance Industries Ltd declined 1.84% or 38.85 points to end at 2070.00 and HDFC Bank Ltd shed 1.66% or 17.40 points to 1033.25.

The breadth, indicating the overall health of the market, 1349 fell and 1157 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.08% to 74.815.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last session ended up retesting near the channel’s support line. The market is expected to continue on bullish momentum based on current price action, testing all the way up to 11350-11450 levels in the upcoming sessions. Alternatively, if the market breaks below a crucial support holding near 11050, then it might revise the trend to bearish/sideways mode. A slide to 10850 is also a possibility if the prices break below the support level. Key resistance holds near 11350.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11146 +61.35 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.90%, while the BSE Sensex 30 index declined 0.88%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 4.60% or 197.80 points to trade at 4500.00 at the close. Sun Pharmaceutical Industries Ltd. added 3.69% or 18.20 points to end at 511.20 and Wipro Ltd was up 2.49% or 6.90 points to 283.90 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 7.93% or 36.00 points to trade at 417.80 in late trade. IndusInd Bank Ltd. declined 5.35% or 29.45 points to end at 521.05 and Indian Oil Corporation Ltd shed 4.00% or 3.70 points to 88.90.

The breadth, indicating the overall health of the market, 1506 fell and 984 advanced, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.05% to 74.885.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few session ended up in sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once breaking below a crucial support level holding near 11050. The downside rally could be testing all the way up to 10900-10800 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might revise the trend to bullish/sideways mode. Key resistance holds near 11350.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11230.50 +18.95 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.86%, while the BSE Sensex 30 index declined 1.10%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 6.28% or 254.35 points to trade at 4305.70 at the close. Tata Steel Ltd added 4.00% or 14.35 points to end at 372.85 and IndusInd Bank Ltd. was up 3.05% or 16.05 points to 543.00 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 3.94% or 85.70 points to trade at 2092.00 in late trade. Mahindra & Mahindra Ltd. declined 2.68% or 16.60 points to end at 603.75 and HCL Technologies Ltd shed 2.53% or 18.05 points to 694.40.

The breadth, indicating the overall health of the market, 1290 rose and 1250 declined, while 118 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.27% to 74.705.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last few session ended up in sideways mode along with some corrections inside the channel. The market is expected to continue on bearish momentum based on current price action, once breaking below a crucial support level holding near 11150. The downside rally could be testing all the way up to 11000-10900 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might revise the trend to bullish/sideways mode. Key resistance holds near 11300. A slide to 11600 is also a possibility if the prices break and trade above the resistance level.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11321.50 +22.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.52% to hit a new 3-month high, while the BSE Sensex 30 index climbed 1.47%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd, which rose 7.02% or 271.00 points to trade at 4131.10 at the close. Kotak Mahindra Bank Ltd. added 4.70% or 62.15 points to end at 1384.75 and Tata Consultancy Services Ltd. was up 4.69% or 103.40 points to 2310.20 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 1.77% or 6.35 points to trade at 352.15 in late trade. Bharti Infratel Ltd declined 1.62% or 3.15 points to end at 191.10 and Nestle India Ltd shed 1.42% or 247.20 points to 17103.05.

The breadth, indicating the overall health of the market, 1249 rose and 1246 declined, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.05% to 74.829.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few session ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on current price action, once breaking above a Key resistance level holding near 11320. The upside rally could be testing all the way up to 11580-11750 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways mode. Key support holds near 11100. A slide to 10850 is also a possibility if the prices break below the support level.