Nifty Report

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10845 +71.25 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.42%, while the BSE Sensex 30 index lost 0.39%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd, which rose 3.07% or 55.95 points to trade at 1880.20 at the close. Hindustan Unilever Ltd. added 2.49% or 54.25 points to end at 2230.10 and Sun Pharmaceutical Industries Ltd. was up 2.29% or 11.05 points to 493.00 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 3.16% or 14.35 points to trade at 439.40 in late trade. GAIL Ltd declined 2.94% or 3.10 points to end at 102.45 and IndusInd Bank Ltd. shed 2.93% or 16.30 points to 540.25.

The breadth, indicating the overall health of the market, 1584 fell and 929 advanced, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.13% to 75.238.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode testing near the channel’s resistance line. The market is expected to continue on bullish momentum based on current price action, once breaking above a stiff resistance level holding near 10850. The upside rally could be testing all the way up to 11100-11300 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 10680.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10793.30 -4.45 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.01% to hit a new 3-month high, while the BSE Sensex 30 index climbed 1.12%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd., which rose 6.58% or 10.20 points to trade at 165.20 at the close. State Bank of India added 4.14% or 7.95 points to end at 199.85 and Bajaj Finance Ltd was up 3.81% or 122.15 points to 3330.20 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 1.94% or 4.25 points to trade at 215.10 in late trade. Coal India Ltd declined 1.54% or 2.05 points to end at 130.80 and Tech Mahindra Ltd shed 1.20% or 7.00 points to 576.45.

The breadth, indicating the overall health of the market, 1335 rose and 1209 declined, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12% to 75.029.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode testing near the channel’s resistance line. The market is expected to continue on bullish momentum based on current price action, once breaking above a stiff resistance level holding near 10850. The upside rally could be testing all the way up to 11100-11350 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 10630.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10737.80 +25.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.87%, while the BSE Sensex 30 index declined 0.94%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 4.50% or 23.70 points to trade at 550.00 at the close. Vedanta Ltd added 2.70% or 2.90 points to end at 110.50 and JSW Steel Ltd was up 2.31% or 4.40 points to 195.25 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 4.62% or 154.95 points to trade at 3197.00 in late trade. Zee Entertainment Enterprises Ltd. declined 4.60% or 8.30 points to end at 172.00 and Asian Paints Ltd. shed 3.25% or 56.75 points to 1689.00.

The breadth, indicating the overall health of the market, 1441 fell and 1152 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.26% to 74.999.

Technical outlook

Nifty fut hourly chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode 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 10630. The downside rally could be testing all the way up to 10450-10300 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 10840.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10807.80 -6.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.33% to hit a new 3-month high, while the BSE Sensex 30 index added 0.51%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finance Ltd, which rose 7.76% or 241.10 points to trade at 3349.90 at the close. IndusInd Bank Ltd. added 5.86% or 29.05 points to end at 524.95 and Bajaj Finserv Ltd was up 4.47% or 280.95 points to 6565.95 in late trade.

Biggest losers included Adani Port and Special Economic Zone Ltd, which lost 3.53% or 12.70 points to trade at 346.75 in late trade. Power Grid Corporation of India Ltd declined 2.98% or 5.30 points to end at 172.70 and Grasim Industries Ltd shed 2.87% or 18.40 points to 622.75.

The breadth, indicating the overall health of the market, 1324 fell and 1247 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34% to 74.880.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode 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 10830. The upside rally could be testing all the way up to 11000-11120 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 10500.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10727.80 -57 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.47% to hit a new 3-month high, while the BSE Sensex 30 index climbed 1.29%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 7.39% or 39.20 points to trade at 569.70 at the close. Bajaj Finance Ltd added 6.46% or 189.50 points to end at 3121.00 and Hindalco Industries Ltd. was up 5.67% or 8.30 points to 154.70 in late trade.

Biggest losers included ITC Ltd, which lost 3.42% or 7.10 points to trade at 200.45 in late trade. Bajaj Auto Ltd declined 1.07% or 31.40 points to end at 2901.00 and GAIL Ltd shed 1.00% or 1.05 points to 103.85.

The breadth, indicating the overall health of the market, 1530 rose and 1092 declined, while 170 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.04% to 74.604.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode inside the channel. The market is expected to continue on bearish momentum based on current price action, testing all the way up to 10500 levels in the upcoming sessions. Alternatively, if the market breaks above a stiff resistance level holding near 10800, then it might revise the trend to bullish/sideways mode. Key support holds near 10500.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10650 +71.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.53% to hit a new 3-month high, while the BSE Sensex 30 index added 0.50%.

The biggest gainers of the session on the Nifty 50 were Eicher Motors Ltd., which rose 4.18% or 767.40 points to trade at 19121.00 at the close. Adani Port and Special Economic Zone Ltd added 4.12% or 14.30 points to end at 361.10 and Bharti Airtel Ltd. was up 4.08% or 22.80 points to 581.25 in late trade.

Biggest losers included JSW Steel Ltd, which lost 1.77% or 3.45 points to trade at 191.00 in late trade. Tata Steel Ltd declined 1.76% or 5.90 points to end at 329.00 and IndusInd Bank Ltd. shed 1.48% or 7.30 points to 487.50.

The breadth, indicating the overall health of the market, 1307 fell and 1258 advanced, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 74.666.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode inside the channel. The market is expected to continue on bearish momentum based on current price action, testing all the way up to 10200 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data breaking above a key resistance level holding near 10650, then it might revise the trend to bullish/sideways mode. Key support holds near 10200.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10590.50 -22.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.17% to hit a new 3-month high, while the BSE Sensex 30 index added 1.21%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 6.42% or 32.05 points to trade at 531.00 at the close. Hero MotoCorp Ltd added 5.20% or 132.55 points to end at 2680.00 and Cipla Ltd. was up 3.80% or 23.85 points to 650.95 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 1.95% or 8.45 points to trade at 424.80 in late trade. UPL Ltd declined 1.00% or 4.45 points to end at 442.50 and Vedanta Ltd shed 0.88% or 0.95 points to 106.75.

The breadth, indicating the overall health of the market, 1604 rose and 1003 declined, while 107 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.90% to 74.801.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode inside the channel. The market is expected to continue on bearish momentum based on current price action, testing all the way up to 10200 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance level holding near 10600, then it might revise the trend to bullish/sideways mode. Key support holds near 10200.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10454.50 +57.95 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.24%, while the BSE Sensex 30 index climbed 1.43%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 6.34% or 25.80 points to trade at 432.45 at the close. UPL Ltd added 5.27% or 22.40 points to end at 447.60 and Bajaj Finserv Ltd was up 5.20% or 303.70 points to 6148.85 in late trade.

Biggest losers included NTPC Ltd, which lost 2.14% or 2.05 points to trade at 93.75 in late trade. Nestle India Ltd declined 2.06% or 354.45 points to end at 16820.00 and Larsen & Toubro Ltd shed 1.99% or 18.80 points to 924.85.

The breadth, indicating the overall health of the market, 1400 rose and 1210 declined, while 105 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.05% to 75.577.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode 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 10450. The upside rally could be testing all the way up to 10740-10900 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 10300.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10229.50 +34.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.10%, while the BSE Sensex 30 index fell 0.13%.

The biggest gainers of the session on the Nifty 50 were Shree Cements Ltd., which rose 3.12% or 698.05 points to trade at 23040.00 at the close. Maruti Suzuki India Ltd. added 2.66% or 151.30 points to end at 5830.00 and ICICI Bank Ltd was up 2.59% or 8.90 points to 352.00 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 2.50% or 9.60 points to trade at 373.75 in late trade. Power Grid Corporation of India Ltd declined 1.94% or 3.45 points to end at 174.80 and Sun Pharmaceutical Industries Ltd. shed 1.89% or 9.10 points to 472.90.

The breadth, indicating the overall health of the market, 1400 fell and 1198 advanced, while 122 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.10% to 75.572.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways mode 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 10400. The upside rally could be testing all the way up to 10550-10740 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 10180.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10316.50 +54.55 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.68%, while the BSE Sensex 30 index declined 0.60%.

The biggest gainers of the session on the Nifty 50 were Britannia Industries Ltd, which rose 2.13% or 73.60 points to trade at 3530.00 at the close. HDFC Bank Ltd added 1.80% or 19.05 points to end at 1075.50 and Cipla Ltd. was up 1.43% or 9.05 points to 643.95 in late trade.

Biggest losers included Coal India Ltd, which lost 4.96% or 7.05 points to trade at 135.05 in late trade. AXIS Bank Ltd declined 4.70% or 19.95 points to end at 404.90 and Tech Mahindra Ltd shed 3.18% or 17.85 points to 543.00.

The breadth, indicating the overall health of the market, 1542 fell and 1071 advanced, while 127 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.14% to 75.503.

Technical outlook

Nifty fut Hourly chart has formed "Ascending broadening 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, once the same breaks above a key resistance holding near 10350. The upside rally could be testing all the way up to 10550 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 10220.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10275.50 -42.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.91%, while the BSE Sensex 30 index climbed 0.94%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 6.64% or 46.50 points to trade at 747.00 at the close. Bharat Petroleum Corp. Ltd. added 6.50% or 24.05 points to end at 394.30 and Tata Consultancy Services Ltd. was up 4.92% or 99.10 points to 2115.20 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 3.09% or 92.80 points to trade at 2912.55 in late trade. ITC Ltd declined 3.07% or 6.20 points to end at 195.90 and Bharti Infratel Ltd shed 2.82% or 6.45 points to 222.00.

The breadth, indicating the overall health of the market, 1560 rose and 1001 declined, while 127 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.00% to 75.582.

Technical outlook

Nifty fut 4hr 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 bearish momentum, once the same breaks below a key support holding near 10300. The downside rally could be testing all the way up to 10000-9850 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. Key resistance holds near 10550.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10295 +63.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.16%, while the BSE Sensex 30 index lost 0.08%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 5.55% or 10.65 points to trade at 202.50 at the close. Hero MotoCorp Ltd added 2.86% or 71.20 points to end at 2565.00 and Bajaj Finance Ltd was up 1.89% or 55.55 points to 2990.00 in late trade.

Biggest losers included Asian Paints Ltd., which lost 3.13% or 54.70 points to trade at 1692.55 in late trade. Hindalco Industries Ltd. declined 2.34% or 3.55 points to end at 147.85 and Indian Oil Corporation Ltd shed 2.12% or 1.85 points to 85.25.

The breadth, indicating the overall health of the market, 1444 rose and 1095 declined, while 106 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10% to 75.572.

Technical outlook

Nifty fut 2hr chart has formed "Rising channel" pattern. The last few sessions ended up in sideways mode retesting near the channel’s support line. The market is expected to continue on bullish momentum, testing all the way up to 10550 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding near 10250, then it might revise the trend to bearish/sideways mode. Key resistance holds near 10550.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10196.50 -48.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.58%, while the BSE Sensex 30 index fell 1.58%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 3.81% or 64.10 points to trade at 1748.00 at the close. ITC Ltd added 3.36% or 6.25 points to end at 192.10 and Eicher Motors Ltd. was up 3.12% or 558.80 points to 18449.95 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 7.12% or 26.80 points to trade at 349.35 in late trade. IndusInd Bank Ltd. declined 6.64% or 34.55 points to end at 485.85 and Power Grid Corporation of India Ltd shed 5.09% or 9.55 points to 177.90.

The breadth, indicating the overall health of the market, 1385 fell and 1181 advanced, while 118 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.24% to 75.665.

Technical outlook

Nifty fut hourly chart has formed "Rising channel" pattern. The last session ended up in bearish mode along after retesting the channel’s resistance line. The market is expected to continue on bearish momentum, once breaking below a key support area holding near 10270. The downside rally could be testing all the way up to 10000 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. Key resistance holds near 10550.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10458.20 -29.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.55% to hit a new 3-month high, while the BSE Sensex 30 index added 1.49%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finance Ltd, which rose 9.28% or 263.70 points to trade at 3104.00 at the close. Larsen & Toubro Ltd added 6.73% or 61.05 points to end at 968.50 and IndusInd Bank Ltd. was up 6.53% or 32.00 points to 521.90 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 1.40% or 24.45 points to trade at 1721.70 in late trade. Bharti Airtel Ltd. declined 0.63% or 3.65 points to end at 577.40 and Vedanta Ltd shed 0.14% or 0.15 points to 109.90.

The breadth, indicating the overall health of the market, 1863 rose and 713 declined, while 128 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.22% to 75.613.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum, once breaking above a previous support became resistance near 10520. The upside rally could be testing all the way up to 10760 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance and opens on gap down based on SGX data, then it might retest the same and revise the trend to bearish/sideways mode. Key Support holds near 10050.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10231.50 -119.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.65% to hit a new 3-month high, while the BSE Sensex 30 index gained 0.52%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd, which rose 7.09% or 189.55 points to trade at 2863.90 at the close. Bajaj Finance Ltd added 5.95% or 160.65 points to end at 2859.25 and Bajaj Finserv Ltd was up 4.78% or 282.20 points to 6182.00 in late trade.

Biggest losers included Wipro Ltd, which lost 1.73% or 3.85 points to trade at 218.20 in late trade. GAIL Ltd declined 1.16% or 1.15 points to end at 98.35 and Oil And Natural Gas Corporation Ltd shed 1.11% or 0.95 points to 84.80.

The breadth, indicating the overall health of the market, 1781 rose and 812 declined, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.31% to 76.012.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last few sessions ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum, once breaking above a previous support became resistance near 10380. The upside rally could be testing all the way up to 10650 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance and opens on gap down based on SGX data, then it might retest the same and revise the trend to bearish/sideways mode. Key Support holds near 10000.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10198.20 +53 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.51% to hit a new 3-month high, while the BSE Sensex 30 index added 1.53%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finserv Ltd, which rose 9.17% or 497.45 points to trade at 5925.00 at the close. Bajaj Finance Ltd added 6.55% or 165.40 points to end at 2691.35 and Reliance Industries Ltd was up 6.48% or 107.30 points to 1763.20 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 2.20% or 11.00 points to trade at 488.20 in late trade. Mahindra & Mahindra Ltd. declined 1.31% or 6.65 points to end at 499.95 and Vedanta Ltd shed 1.26% or 1.35 points to 105.65.

The breadth, indicating the overall health of the market, 1701 rose and 796 declined, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.31% to 76.154.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum, once breaking above a previous support became resistance near 10320. The upside rally could be testing all the way up to 10550 and furthermore levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode. Key Support holds near 10000.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10028 -17 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 2.13%, while the BSE Sensex 30 index climbed 2.09%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finserv Ltd, which rose 8.22% or 413.80 points to trade at 5450.75 at the close. Coal India Ltd added 6.33% or 8.20 points to end at 137.65 and Bajaj Finance Ltd was up 5.48% or 131.20 points to 2527.20 in late trade.

Biggest losers included Tata Consultancy Services Ltd., which lost 0.57% or 11.60 points to trade at 2036.20 in late trade. Hindustan Unilever Ltd. declined 0.54% or 11.25 points to end at 2067.00 and Bharti Airtel Ltd. shed 0.44% or 2.50 points to 560.95.

The breadth, indicating the overall health of the market, 1809 rose and 670 declined, while 122 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25% to 76.091.

Technical outlook

Nifty fut 2hr chart has formed "Rising wedge" pattern. The last few sessions ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum, testing all the way up to 10350 levels in the upcoming sessions. Alternatively, if the market opens on gap down breaking below a crucial support holding near 10000, then it might revise the trend to bearish/sideways mode. Previous Support became Resistance near 10350.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9788.30 -61.85 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.33%, while the BSE Sensex 30 index declined 0.29%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd., which rose 4.05% or 222.80 points to trade at 5725.00 at the close. Bharti Airtel Ltd. added 3.41% or 18.60 points to end at 563.50 and Wipro Ltd was up 2.45% or 5.20 points to 217.60 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 4.49% or 9.70 points to trade at 206.30 in late trade. Kotak Mahindra Bank Ltd. declined 2.29% or 29.30 points to end at 1247.50 and ITC Ltd shed 2.19% or 4.05 points to 180.95.

The breadth, indicating the overall health of the market, 1369 rose and 1068 declined, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 76.151.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways near a stiff resistance that is been holding up near 10000. The market is expected to continue on bearish momentum based on current SGX data. The downside rally could be testing up to 9540 levels in the upcoming sessions. Alternatively, if the market breaks above the stiff resistance area, then it might revise the trend to bullish mode. Key support holds at 9540.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9879.50 +49 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.02%, while the BSE Sensex 30 index added 1.13%.

The biggest gainers of the session on the Nifty 50 were HDFC Bank Ltd, which rose 4.14% or 39.30 points to trade at 989.15 at the close. Housing Development Finance Corporation Ltd added 3.90% or 68.35 points to end at 1820.00 and ICICI Bank Ltd was up 3.41% or 11.30 points to 342.40 in late trade.

Biggest losers included Tata Motors Ltd, which lost 5.87% or 5.90 points to trade at 94.60 in late trade. Bharti Infratel Ltd declined 2.92% or 6.50 points to end at 216.40 and IndusInd Bank Ltd. shed 2.78% or 13.65 points to 476.90.

The breadth, indicating the overall health of the market, 1300 fell and 1138 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.20% to 76.106.

Technical outlook

Nifty fut 2hr chart has formed "Rising channel" pattern. The last few sessions ended up in sideways momentum after bouncing back from the channel’s Support line. The market is expected to continue on bullish momentum based on current SGX data, once break above a stiff resistance area near 10000. The upside rally could be testing up to 10300 levels in the upcoming sessions. Alternatively, if the market struggles to break above resistance area, then it might continue the trend in bearish/sideways mode. Key support holds at 9540.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9987.25 +170.20 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.60%, while the BSE Sensex 30 index declined 1.63%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 3.68% or 3.55 points to trade at 99.90 at the close. Wipro Ltd added 2.60% or 5.40 points to end at 213.30 and HCL Technologies Ltd was up 1.49% or 8.50 points to 579.25 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 7.20% or 38.05 points to trade at 490.40 in late trade. AXIS Bank Ltd declined 4.49% or 18.30 points to end at 389.70 and Tata Motors Ltd shed 4.42% or 4.65 points to 100.65.

The breadth, indicating the overall health of the market, 1263 rose and 1163 declined, while 161 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09% to 76.100.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 9540 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data breaking above a key resistance holding near 9950, then it might revise the trend to bullish/sideways mode. Key support holds at 9540.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9859.50 +64.75 points on indicating gap up opening for the NSE.

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

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 7.57% or 35.90 points to trade at 510.45 at the close. Bharti Infratel Ltd added 6.45% or 13.60 points to end at 224.40 and Shree Cements Ltd. was up 5.82% or 1237.80 points to 22489.00 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 4.46% or 7.85 points to trade at 168.10 in late trade. Oil and Natural Gas Corporation Ltd declined 3.39% or 2.95 points to end at 83.95 and Tech Mahindra Ltd shed 3.07% or 17.55 points to 554.30.

The breadth, indicating the overall health of the market, 1184 rose and 1180 declined, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 75.882.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways momentum 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 10000. The upside rally could be testing up to 10160-10320 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. Key support holds at 9600.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9642.30 -253.70 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 2.12%, while the BSE Sensex 30 index fell 2.07%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 4.34% or 21.70 points to trade at 521.30 at the close. Hero MotoCorp Ltd added 0.82% or 18.75 points to end at 2311.00 and Power Grid Corporation of India Ltd was up 0.65% or 1.10 points to 171.15 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 8.92% or 20.75 points to trade at 211.95 in late trade. Zee Entertainment Enterprises Ltd. declined 6.74% or 12.80 points to end at 177.00 and State Bank of India shed 5.59% or 10.50 points to 177.20.

The breadth, indicating the overall health of the market, 1454 fell and 972 advanced, while 137 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.18% to 75.748.

Technical outlook

Nifty fut daily chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 9850. The downside rally could be testing up to 9700-9550 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. Key resistance holds at 10300.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10092.30 -50.10 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.69%, while the BSE Sensex 30 index added 0.86%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 9.99% or 46.35 points to trade at 510.25 at the close. Hindalco Industries Ltd. added 3.09% or 4.40 points to end at 147.00 and AXIS Bank Ltd was up 2.83% or 11.90 points to 431.95 in late trade.

Biggest losers included Hero MotoCorp Ltd, which lost 3.47% or 82.80 points to trade at 2304.50 in late trade. GAIL Ltd declined 2.92% or 2.95 points to end at 98.15 and Coal India Ltd shed 2.39% or 3.45 points to 140.85.

The breadth, indicating the overall health of the market, 1449 rose and 973 declined, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.07% to 75.540.

Technical outlook

Nifty fut 4hr chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding near 10000. The downside rally could be testing up to 9750 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. Key resistance holds at 10450.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10107.50 +99.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 1.19%, while the BSE Sensex 30 index fell 1.20%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 3.84% or 152.40 points to trade at 4120.00 at the close. IndusInd Bank Ltd. added 2.70% or 12.20 points to end at 463.80 and Sun Pharmaceutical Industries Ltd. was up 1.93% or 9.45 points to 498.45 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 3.75% or 13.50 points to trade at 346.30 in late trade. Wipro Ltd declined 3.69% or 8.35 points to end at 218.10 and GAIL Ltd shed 3.68% or 3.85 points to 100.90.

The breadth, indicating the overall health of the market, 1381 fell and 1058 advanced, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.33% to 75.627.

Technical outlook

Nifty weekly chart has formed "Megaphone chart" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 9700 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data breaking above a key resistance holding at 10180, then it might revise the trend to bullish/sideways mode once again. Key support holds at 9700.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10220 +38 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.25% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.24%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 7.51% or 7.35 points to trade at 105.20 at the close. IndusInd Bank Ltd. added 7.26% or 30.65 points to end at 453.00 and Bharat Petroleum Corp. Ltd. was up 7.03% or 26.00 points to 395.60 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 4.46% or 9.20 points to trade at 197.00 in late trade. Shree Cements Ltd. declined 3.90% or 861.60 points to end at 21228.00 and Eicher Motors Ltd. shed 3.40% or 595.35 points to 16900.00.

The breadth, indicating the overall health of the market, 1716 rose and 804 declined, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.03% to 75.534.

Technical outlook

Nifty weekly chart has formed "Megaphone chart" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 9700 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data breaking above a key resistance holding at 10320, then it might revise the trend to bullish/sideways mode once again. Key support holds at 9700.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10228.80 -75.70 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.13% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.90%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 13.65% or 13.45 points to trade at 111.95 at the close. State Bank of India added 8.73% or 15.20 points to end at 189.25 and Bharti Infratel Ltd was up 8.34% or 18.25 points to 237.15 in late trade.

Biggest losers included Tata Consultancy Services Ltd., which lost 1.84% or 38.55 points to trade at 2053.00 in late trade. Hindustan Unilever Ltd. declined 1.58% or 33.55 points to end at 2087.05 and Bajaj Auto Ltd shed 1.36% or 38.25 points to 2779.00.

The breadth, indicating the overall health of the market, 1963 rose and 477 declined, while 117 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.27% to 75.644.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding at 10200. The upside rally could be testing up to 10500 levels in the upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, then it might revise the trend to bearish/sideways mode once again. Key support holds at 9700.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10027.80 -6.20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.32%, while the BSE Sensex 30 index fell 0.38%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 7.70% or 7.45 points to trade at 104.15 at the close. Bharti Airtel Ltd. added 5.73% or 31.60 points to end at 583.25 and Zee Entertainment Enterprises Ltd. was up 5.52% or 10.80 points to 206.50 in late trade.

Biggest losers included Asian Paints Ltd., which lost 4.64% or 79.65 points to trade at 1636.90 in late trade. Bajaj Finance Ltd declined 4.04% or 97.45 points to end at 2314.45 and Housing Development Finance Corporation Ltd shed 4.03% or 74.00 points to 1761.65.

The breadth, indicating the overall health of the market, 1241 rose and 1090 declined, while 139 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.33% to 75.561.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, testing up to 9700 levels in the upcoming sessions. Alternatively, if the market break above the key resistance holding at 10100, then it might revise the trend to bullish/sideways mode once again. Key support holds at 9700.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10104 +19 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.83% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.84%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 5.43% or 25.15 points to trade at 488.00 at the close. Bajaj Finance Ltd added 3.15% or 73.80 points to end at 2420.00 and Kotak Mahindra Bank Ltd. was up 3.11% or 41.70 points to 1384.60 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 1.99% or 3.95 points to trade at 195.00 in late trade. NTPC Ltd declined 1.96% or 1.90 points to end at 94.85 and Bharti Infratel Ltd shed 1.95% or 4.35 points to 218.90.

The breadth, indicating the overall health of the market, 1576 rose and 817 declined, while 124 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.49% to 75.457.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current SGX data, once the same breaks above a key resistance holding at 10100. The upside rally could be testing up to 10300-10500 levels in the upcoming sessions. Alternatively, if the market struggles on breaking the resistance, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds at 9600.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10091.30 +52.80 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 1.56% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.57%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finserv Ltd, which rose 9.51% or 452.80 points to trade at 5216.00 at the close. Zee Entertainment Enterprises Ltd. added 9.06% or 16.85 points to end at 202.75 and Bajaj Finance Ltd was up 8.15% or 176.15 points to 2337.00 in late trade.

Biggest losers included Coal India Ltd, which lost 3.30% or 4.90 points to trade at 143.65 in late trade. Maruti Suzuki India Ltd. declined 1.87% or 108.60 points to end at 5685.00 and Bharat Petroleum Corp. Ltd. shed 1.39% or 4.80 points to 341.50.

The breadth, indicating the overall health of the market, 1660 rose and 676 declined, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.50% to 75.125.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current SGX data, once the same breaks above a key resistance holding at 10050. The upside rally could be testing up to 10250-10400 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. Key support holds at 9600.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9830.75 -8.75 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 2.57%, while the BSE Sensex 30 index gained 2.71%.

The biggest gainers of the session on the Nifty 50 were Bajaj Finance Ltd, which rose 10.46% or 204.35 points to trade at 2158.00 at the close. Bajaj Finserv Ltd added 7.83% or 345.05 points to end at 4749.95 and Titan Company Ltd was up 7.70% or 68.50 points to 958.50 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd, which lost 2.94% or 119.75 points to trade at 3951.50 in late trade. Bharti Infratel Ltd declined 2.46% or 5.65 points to end at 224.30 and UltraTech Cement Ltd shed 2.17% or 84.85 points to 3820.00.

The breadth, indicating the overall health of the market, 1792 rose and 562 declined, while 133 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.07% to 75.534.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current price action, testing up to 10100 levels in the upcoming sessions. Alternatively, if the market opens on gap down based on SGX data breaking below the key support holding at 9700, then it might revise the trend to bearish/sideways mode. Key resistance holds at 10100.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9646.50 +164.75 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.95%, while the BSE Sensex 30 index added 0.69%.

The biggest gainers of the session on the Nifty 50 were Indian Oil Corporation Ltd, which rose 7.46% or 5.80 points to trade at 83.50 at the close. Wipro Ltd added 6.30% or 12.55 points to end at 211.90 and Oil and Natural Gas Corporation Ltd was up 5.14% or 4.05 points to 82.90 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 2.31% or 9.05 points to trade at 381.90 in late trade. Bharti Airtel Ltd. declined 2.28% or 12.85 points to end at 549.90 and Infosys Ltd shed 2.18% or 15.40 points to 692.00.

The breadth, indicating the overall health of the market, 1352 rose and 882 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12% to 75.558.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current SGX data, once the same breaks above a key resistance holding at 9650. The upside rally could be testing up to 9850-10000 levels in the upcoming sessions. Alternatively, if the market struggles to break above the resistance, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds at 9000.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9400.50 -87.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.88%, while the BSE Sensex 30 index gained 1.88%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 9.58% or 15.75 points to trade at 180.20 at the close. Eicher Motors Ltd. added 7.34% or 1098.05 points to end at 16065.00 and Larsen & Toubro Ltd was up 5.78% or 49.15 points to 900.00 in late trade.

Biggest losers included Wipro Ltd, which lost 0.92% or 1.85 points to trade at 199.40 in late trade. ITC Ltd declined 0.60% or 1.15 points to end at 191.00 and Cipla Ltd. shed 0.52% or 3.30 points to 629.75.

The breadth, indicating the overall health of the market, 1451 rose and 775 declined, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.08% to 75.840.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current price action, once the same breaks above a key resistance holding at 9550. The upside rally could be testing up to 9700-9800 levels in the upcoming sessions. Alternatively, if the market opens on gap down based on SGX data, then it might revise the trend to bearish/sideways mode. Key support holds at 9000.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9360.50 +114 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 3.17%, while the BSE Sensex 30 index gained 3.25%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 14.24% or 48.60 points to trade at 389.90 at the close. ICICI Bank Ltd added 8.95% or 26.20 points to end at 318.90 and Wipro Ltd was up 6.89% or 13.00 points to 201.80 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 1.95% or 8.95 points to trade at 450.20 in late trade. UltraTech Cement Ltd declined 1.44% or 54.60 points to end at 3731.40 and Zee Entertainment Enterprises Ltd. shed 1.00% or 1.65 points to 163.55.

The breadth, indicating the overall health of the market, 1314 rose and 901 declined, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23% to 75.609.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways momentum inside the channel. The market is expected to continue on bullish momentum based on current SGX data, once the same breaks above a key resistance holding at 9400. The upside rally could be testing up to 9700 levels in the upcoming sessions. Alternatively, if the market struggles to break above the resistance, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds at 8800.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9057.75 -19.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.11%, while the BSE Sensex 30 index declined 0.21%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd, which rose 5.87% or 9.75 points to trade at 175.90 at the close. Eicher Motors Ltd. added 5.74% or 799.50 points to end at 14721.90 and Titan Company Ltd was up 5.02% or 42.65 points to 892.30 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 5.94% or 35.25 points to trade at 557.95 in late trade. Bajaj Finserv Ltd declined 5.11% or 220.35 points to end at 4095.20 and Tata Consultancy Services Ltd. shed 3.53% or 71.40 points to 1948.95.

The breadth, indicating the overall health of the market, 1164 rose and 1071 declined, while 170 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.29% to 75.663.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, once the same breaks below a key support holding at 9000. The downside rally could be testing up to 8700 levels in the upcoming sessions. Alternatively, if the market struggles to break below the support, then it might retest the same and revise the trend to bullish/sideways mode. Key resistance holds at 9500.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9154.50 +49 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.74%, while the BSE Sensex 30 index declined 0.84%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 7.11% or 10.95 points to trade at 164.90 at the close. Mahindra & Mahindra Ltd. added 4.43% or 18.10 points to end at 426.40 and Cipla Ltd. was up 3.31% or 20.40 points to 637.00 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 5.21% or 18.60 points to trade at 338.60 in late trade. Housing Development Finance Corporation Ltd declined 5.10% or 81.45 points to end at 1515.85 and Bajaj Finserv Ltd shed 4.61% or 209.20 points to 4330.00.

The breadth, indicating the overall health of the market, 1267 fell and 920 advanced, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.38% to 75.897.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, once the same breaks below a key support holding at 9000. The downside rally could be testing up to 8700 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on current SGX data, then it might revise to bullish/sideways mode. Key resistance holds at 9500.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9032.25 -18 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.44%, while the BSE Sensex 30 index climbed 0.37%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 7.08% or 12.45 points to trade at 188.20 at the close. Hindalco Industries Ltd. added 5.79% or 7.00 points to end at 127.80 and Asian Paints Ltd. was up 5.16% or 77.45 points to 1577.50 in late trade.

Biggest losers included Bajaj Finserv Ltd, which lost 3.60% or 169.45 points to trade at 4532.60 in late trade. Bajaj Finance Ltd declined 2.90% or 59.30 points to end at 1983.50 and NTPC Ltd shed 2.85% or 2.65 points to 90.25.

The breadth, indicating the overall health of the market, 1269 rose and 864 declined, while 169 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.03% to 75.529.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, once the same breaks below a key support holding at 9000. The downside rally could be testing up to 8700 levels in the upcoming sessions. Alternatively, if the market struggles to break below the support, then it might retest the same and revise to bullish/sideways mode. Key resistance holds at 9400.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9065.25 -19.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 2.11%, while the BSE Sensex 30 index climbed 2.06%.

The biggest gainers of the session on the Nifty 50 were Shree Cements Ltd., which rose 6.24% or 1144.20 points to trade at 19484.95 at the close. Housing Development Finance Corporation Ltd added 6.15% or 94.65 points to end at 1634.50 and Dr. Reddy’s Laboratories Ltd was up 5.82% or 215.45 points to 3915.05 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 6.99% or 15.30 points to trade at 203.45 in late trade. IndusInd Bank Ltd. declined 2.60% or 9.55 points to end at 358.25 and Hero MotoCorp Ltd shed 2.34% or 48.50 points to 2025.00.

The breadth, indicating the overall health of the market, 1231 rose and 970 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01% to 75.633.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, testing up to 8700 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 9250, then it might revise to bullish/sideways mode. Key support holds at 8700.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 8912.80 +11.80 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.63%, while the BSE Sensex 30 index added 0.56%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 10.81% or 58.15 points to trade at 596.20 at the close. Adani Port and Special Economic Zone Ltd added 9.00% or 26.40 points to end at 319.70 and Oil and Natural Gas Corporation Ltd was up 5.69% or 4.15 points to 77.05 in late trade.

Biggest losers included UPL Ltd, which lost 9.78% or 36.75 points to trade at 339.05 in late trade. Vedanta Ltd declined 2.65% or 2.45 points to end at 90.05 and Reliance Industries Ltd shed 2.20% or 31.65 points to 1409.10.

The breadth, indicating the overall health of the market, 1193 fell and 978 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.08% to 75.630.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 8400 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on SGX data breaking above a key resistance holding at 9000, then it might revise to bullish/sideways mode. Key support holds at 8400.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 8979.80 -67.70 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 3.43% 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 Cipla Ltd., which rose 5.51% or 31.45 points to trade at 601.75 at the close. Tata Consultancy Services Ltd. added 2.49% or 47.15 points to end at 1940.05 and Bharti Infratel Ltd was up 2.32% or 4.70 points to 207.20 in late trade.

Biggest losers included IndusInd Bank Ltd., which lost 9.64% or 40.35 points to trade at 378.35 in late trade. Zee Entertainment Enterprises Ltd. declined 9.50% or 15.60 points to end at 148.60 and Eicher Motors Ltd. shed 7.88% or 1110.85 points to 12988.75.

The breadth, indicating the overall health of the market, 1656 fell and 539 advanced, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.28% to 76.029.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, testing up to 8400 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 9000, then it might revise to bullish/sideways mode. Key support holds at 8400.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9091 +41 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.06%, while the BSE Sensex 30 index fell 0.08%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 3.87% or 3.45 points to trade at 92.60 at the close. Bharti Airtel Ltd. added 2.77% or 14.95 points to end at 554.80 and Bharat Petroleum Corp. Ltd. was up 2.62% or 8.10 points to 317.80 in late trade.

Biggest losers included Mahindra & Mahindra Ltd., which lost 4.64% or 18.60 points to trade at 381.85 in late trade. Zee Entertainment Enterprises Ltd. declined 3.63% or 6.15 points to end at 163.50 and AXIS Bank Ltd shed 3.27% or 13.15 points to 388.80.

The breadth, indicating the overall health of the market, 1161 fell and 1030 advanced, while 169 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.37% to 75.760.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 8700 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on current SGX data breaking above a key resistance holding at 9250, then it might revise to bullish/sideways mode. Key support holds at 8700.

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9184.30 +54.30 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 2.57%, while the BSE Sensex 30 index declined 2.77%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 4.33% or 8.50 points to trade at 204.65 at the close. Hero MotoCorp Ltd added 2.62% or 57.40 points to end at 2245.00 and Zee Entertainment Enterprises Ltd. was up 2.12% or 3.50 points to 168.65 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 5.32% or 29.00 points to trade at 515.75 in late trade. Infosys Ltd declined 5.18% or 35.95 points to end at 658.20 and Hindalco Industries Ltd. shed 4.82% or 5.95 points to 117.60.

The breadth, indicating the overall health of the market, 1276 fell and 927 advanced, while 146 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.13% to 75.458.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current price action, testing up to 8890-8650 levels in the upcoming sessions. Alternatively, if the market opens on gap up based on current SGX data breaking above a key resistance holding at 9350, then it might revise to bullish/sideways mode. Key support holds at 8890.

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9260 +49.75 points on indicating gap up opening for the NSE.

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

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 7.71% or 11.95 points to trade at 167.00 at the close. AXIS Bank Ltd added 7.01% or 27.10 points to end at 413.95 and UltraTech Cement Ltd was up 6.41% or 214.60 points to 3563.95 in late trade.

Biggest losers included Nestle India Ltd, which lost 5.22% or 911.95 points to trade at 16550.00 in late trade. Sun Pharmaceutical Industries Ltd. declined 2.16% or 10.00 points to end at 453.90 and Bharti Airtel Ltd. shed 1.04% or 5.85 points to 554.00.

The breadth, indicating the overall health of the market, 1585 rose and 680 declined, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.41% to 75.339.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bullish momentum based on current SGX data, once the same breaks above a key resistance holding at 9450. The upside rally could be testing up to 9700-9900 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise to bearish/sideways mode. Key support holds at 8900.

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9394.50 -154.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.46%, while the BSE Sensex 30 index fell 0.60%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 12.44% or 9.90 points to trade at 89.50 at the close. NTPC Ltd added 5.94% or 5.15 points to end at 91.80 and ITC Ltd was up 4.45% or 7.05 points to 165.50 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 5.73% or 90.35 points to trade at 1486.45 in late trade. GAIL Ltd declined 3.69% or 3.40 points to end at 88.65 and Asian Paints Ltd. shed 2.97% or 46.60 points to 1523.00.

The breadth, indicating the overall health of the market, 1307 fell and 861 advanced, while 162 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.62% to 75.388.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, once the same breaks below a key support holding at 9100. The downside rally could be testing up to 8900-8650 levels in the upcoming sessions. Alternatively, if the market struggles to break the support, then it might revise to bullish/sideways mode. Key resistance holds at 9500.

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 9137.50 -95 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.13%, while the BSE Sensex 30 index declined 0.26%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd, which rose 6.09% or 119.50 points to trade at 2082.10 at the close. Tata Motors Ltd added 5.92% or 4.80 points to end at 85.85 and Bharti Infratel Ltd was up 5.91% or 10.30 points to 184.55 in late trade.

Biggest losers included ICICI Bank Ltd, which lost 4.62% or 15.60 points to trade at 322.10 in late trade. Bharat Petroleum Corp. Ltd. declined 3.16% or 10.25 points to end at 314.50 and Dr. Reddy’s Laboratories Ltd shed 2.96% or 118.00 points to 3866.00.

The breadth, indicating the overall health of the market, 1232 fell and 1043 advanced, while 183 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34% to 75.767.

Technical outlook

Nifty weekly chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in bearish momentum inside the channel. The market is expected to continue on bearish momentum based on current SGX data, testing up to 8900 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 9390, then it might revise to bullish/sideways mode. Key support holds at 8700.

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 9369.75 +97 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.57%, while the BSE Sensex 30 index added 0.63%.

The biggest gainers of the session on the Nifty 50 were Hindustan Unilever Ltd., which rose 4.31% or 85.80 points to trade at 2077.85 at the close. Sun Pharmaceutical Industries Ltd. added 3.94% or 17.80 points to end at 470.00 and Tech Mahindra Ltd was up 3.66% or 18.90 points to 535.25 in late trade.

Biggest losers included Yes Bank Ltd, which lost 4.09% or 1.15 points to trade at 26.95 in late trade. NTPC Ltd declined 3.70% or 3.35 points to end at 87.10 and Mahindra & Mahindra Ltd. shed 3.66% or 14.65 points to 386.00.

The breadth, indicating the overall health of the market, 1236 fell and 968 advanced, while 170 ended unchanged on the India National Stock Exchange.