Nifty Bank recovers 700 points from day’s low to close above 32000
All sector indices recover at least 1% each from day’s low except FMCG
New Delhi: The Nifty rebounded 200 points from day’s low to close above 14550 but it is still below the high on 12 April 2021 of 14652. The Nifty Bank recovered more than 700 points from day’s low to close above 32000. The banking gauge has an open gap resistance at 32330. Nifty Bank is set to outperform on a weekly basis for the first time in 5 weeks.
The Nifty Small & Midcap recovered more than 1.5 percent each from day’s low. However, both indices are set to underperform on a weekly basis. Nifty Midcap set to underperform after 3 weeks while Nifty Smallcap set to underperform after 2 weeks.
Updated Apr 13, 2021 | 08:42 IST
The Nifty declined over 500 points to post the worst day since 26 February 2021 and closed near 14300. The Nifty Bank declined 5 percent to post the worst day since 23 March 2020. Trade setup for Indian markets
Key Highlights
Nifty Bank corrects 19% from life high, nears bear market territory
Nifty Small & Midcap testing 50-DMA support
Mumbai: The Nifty declined over 500 points to post the worst day since 26 February 2021 and closed near 14300. It tested the 100-day moving average for the first time since 19 June 2020 and closed below the rising trend line connecting the low of March & September of last year. India VIX gained over 15 percent & recorded the best day since 26 February this year.
Updated Apr 12, 2021 | 08:48 IST
The Nifty declined 3 out of last 4 weeks as banking & financial stocks declined. The 50-stock index had an almost identical open and close during last week. Trade setup for Indian markets
Key Highlights
Nifty Bank underperformed the most since week of 24 May 2020
Nifty Small & Midcap outperformed the most since week of 28 Feb 2021
Mumbai: The Nifty declined 3 out of last 4 weeks as banking & financial stocks declined. The 50-stock index had an almost identical open and close during last week.
Nifty Bank declined 3 out of last 4 weeks & posted the worst week since 27 September 2020 with the banking index underperforming by the biggest weekly margin since 24 May 2020.
Updated Mar 17, 2021 | 08:52 IST
The Nifty declined over 100 points from day’s high and extended its losing streak to 3 days in a row. Interestingly, it touched the previous day’s high around 15050 before declining. Representational image
Key Highlights
Nifty declines over 100 points from day’s high to extend losing streak to 3 days in a row
Nifty Bank declines over 550 points from day’s high to decline 3rd day in a row
Nifty IT gains over 1%, best sector, Mphasis & Coforge gain over 5% each
New Delhi: The Nifty declined over 100 points from day’s high and extended its losing streak to 3 days in a row. Interestingly, it touched the previous day’s high around 15050 before declining. The Nifty Bank declined over 550 points from the day’s high and extended its losing streak to 3 days in a row. The banking gauge made an inside bar with the close being lower than the open and underperformed the Nifty 4th day in a row.
The Nifty recovered more than 150 points from the day’s low but managed to decline 2nd day in a row. The 50-stock index declined with identical open and high levels.