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Ahead of Market: 12 things that will decide stock action on Friday


Ahead of Market: 12 things that will decide stock action on Friday
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Last Updated: May 20, 2021, 10:20 PM IST
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Synopsis
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying.
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By Sabari Saran
New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart.
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term? ....

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Nifty today: SGX Nifty up 160 points; here's what changed for market while you were sleeping


Explore Now
The US Senate nod to President Biden s new stimulus package and strong economic readings globally upbeat numbers in US payroll report and data showing a surge in Chinese February exports may send domestic stocks soaring on Monday. Crude
oil that zipped past $70 a barrel, however, may play spoiler.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 161 points, or 1.08 per cent, higher at 15,114.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty charts show weak trend
Nifty50 on Friday slipped below the immediate resistance at the 15,000 mark. The index ended the session forming a Spinning Top candle on the daily scale and a Shooting Star-like candle on the weekly chart. Analysts said the index is likely to test lower levels in the coming days. ....

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Tech View: Nifty50 loses its crucial support, likely to see more downside


Tech View: Nifty50 loses its crucial support, likely to see more downside
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Synopsis
“Momentum indicator RSI has turned down from the crucial upper end of the bear territory i.e. 60 on two occasions now, clearly indicating that the uptrend is losing momentum and if the bears push Nifty50 below 14,870 level, it can slide lower to the 14,770-14,650 zone,” said Aditya Agarwala of YES Securities.
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Mazhar Mohammad of Chartviewindia.in said the weakness can initially extend towards the 14,628 level, if Nifty50 fails to defend the 14,862 level on Monday.
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NEW DELHI: Nifty50 on Friday slipped below the immediate resistance at the 15,000 mark. The index ended the session forming a Spinning Top candle on the daily scale and a Shooting Star-like candle on the weekly chart. Analysts said the index is likely to test lower levels in the coming days. ....

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Market Watch: Will an oil price spike further spook the market? | The Economic Times Podcast


Market Watch (ETMarkets.com)
05:41 Min | March 05, 2021, 7:37 PM IST
Tune in as we discuss which sectors will be affected by oil price spike, what Nifty charts are suggesting, and more!
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Transcript
Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am xxxx. and here are the top headlines at this hour.
Tata s N Chandra says group not talking to Tesla
Saudi asks New Delhi to use cheap oil it bought last year
PM says PLI scheme may lift output by $520 billion in 5 years
Blackstone may buy stake in India’s Sify
Over 1.8 crore vaccine doses administered in India so far ....

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