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Bank Nifty's role crucial in Nifty's march past 16,000 mark: Sameet Chavan


The truncated week had started with a surprising gap down on Monday due to some nervousness across the globe. As the day progressed, the selloff augmented, resulting in a close below the 15,800 mark for Nifty. In fact, a follow-through on the subsequent day pushed Nifty to test sub-15,600 levels. Fortunately, global peers witnessed a relief move which resulted in a V-shaped recovery in our markets. Eventually, Nifty ended the action-packed week with negligible losses.
It’s been more than a month now that Nifty is trapped in a range of 500 points. This certainly is a slender range considering we are trading at much-elevated levels. For the most part of June, we were confined to domestic triggers but come July, global factors started to influence our markets to a great extent. Unfortunately, global peers were experiencing some selloff when Nifty was about to reach the milestone of 16,000 but some relief was seen at crucial supports. Last week’s price action was a replica of ....

Sameet Chavan , சமீத் சவான் ,

Stock market watch: What to expect from the week ending July 23, 2021


Stock market watch: What to expect from the week ending July 23, 2021
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Last Updated: Jul 19, 2021, 06:30 AM IST
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Synopsis
Closing above 15,900 for the last two days of last week shows its inherent strength and indicates that the Nifty is now shifting to a higher range. We expect tiles and plastic pipe manufacturers to deliver a weak performance q-o-q as the second wave hit sales of both.
Long-term demand outlook is positive for tile and pipe manufacturers.
Finally, an upward breakout: After remaining in a 15,450-15,900 range for several weeks, Nifty finally broke out on the upside as expected
(see chart). The stock market usually ‘climbs the wall of worry’ and it was no different this time. While doctors and economists are worried about the fallout of a covid third wave, the market is going up because this fear is resulting in increased money flows. For instance, the fear of a third wave is keeping the US Federal Reserve from carry ....

Sameet Chavan , Sacchidanand Uttekar , Astral Limited To , Supreme Industries , Narendra Nathan Et Bureau , Chief Analyst , Trade Bulls , Supreme Industrie , For Prince Pipes , Astral Limited , சமீத் சவான் , உச்ச தொழில்கள் , தலைமை ஆய்வாளர் , உச்ச தொழில் , நிழலிடா வரையறுக்கப்பட்டவை ,