Morning Market Insight Report – 19 Apr 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 0.42%, with Private and PSU banks losing 0.35% and 0.59%.

We expect intraday range could be 31,511 to 32,427 with sideways momentum & broader range could be expected between 31,203 to 32,738 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty closed almost flat, after trading range-bound.

We expect intraday range could be 14,402-14,817 with sideways momentum while broader range could be 14,256 to 14,969.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Morning Market Insight Report – 16 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 1.07%, with PSU Banks losing 1.29% and Private Banks gaining 0.82%.

We expect intraday range could be 31,654 to 32,562 with sideways momentum & broader range could be expected between 31,342 to 32,869 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded highly volatile, after dipping in the first half, due to lockdown fears. However, it recovered at the end of the day and ended in green.

We expect intraday range could be 14,373-14,782 with sideways momentum while broader range could be 14,227 to 14,938.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Morning Market Insight Report – 15 Apr 2021

Bank Nifty Intraday Outlook

In Tuesday’s trading session, Bank Nifty gained 3.18%, with PSU and Private Banks gaining 4.49% and 3.25% respectively.

We expect intraday range could be 31,268 to 32,271 with sideways momentum & broader range could be expected between 30,959 to 32,583 zone for this week.

Nifty Intraday Outlook

In Tuesday’s trading session, Nifty witnessed a volatile trading session, ending the session in green.

We expect intraday range could be 14,299-14,704 with sideways momentum while broader range could be 14,141 to 14,857.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Bulls return to the Commodities market

In the previous week, bulls were seen returning to the Comex after weeks of directionless trading and mixed sentiments, with all base metals including Aluminum (2.5%), Copper (2.7%), Lead (1.4%) , Zinc (2.2%) and Iron ore (1.7%) ending in green and starting new possible uptrends. Precious metals, gold and silver were no exceptions and both experienced significant buying pressure.

Gold and Silver prices showed an up move as interest in investing in bullion as a hedge against inflation and possible correction in the equities markets continued to increase amongst investors. All eyes are currently on the US markets as Joe Biden has guaranteed increased expenditure on clean energy and electric vehicles under the new stimulus. This is set to further benefit the commodities prices as demand for base metals and bullion might increase. The dollar and US bond yields, however, managed to hold firm, keeping pressure on commodities.

Crude Oil prices continued with its sideways movement and remained range bound throughout the past week. The volatility is the result of a few factors like increased concerns related to renewed lockdowns in parts of the world to curd rising Covid-19 cases, OPEC+ extending output cuts to April 2021 and better-than expected economic forecast from Federal Reserve backed by vaccine drives. The prices are expected to remain choppy in the coming week however a bias might be on the downside owing to a higher supply and weakening demand concerns. 

For the current week, we expect gold and silver to trade in sideways and remain range bound throughout the week. Investors are advised to closely track the USD-INR rates as a correction in dollar can act in the favour of bullion prices and might lead to a new uptrend. Weakness in the Indian markets and a selloff is also set to be positive for the prices. However, increasing US Bond yields due to strong economic data and rising inflation can dampen this new found momentum in the commodities market.

For the week, we expect gold in COMEX market to be in the range of $1696 to $1,823, while silver is expected to be in the range of $24.1 to $25.9. Whereas, for bullion market traders, we assume gold futures to trade in the range of 45,738 to 47,982.

Page8, NavGujarat Samay, 13th April’21

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Morning Market Insight Report – 13 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 5.10%, with PSU and Private Banks losing 9.26% and 5.23% respectively.

We expect intraday range could be 30,239 to 31,192 with sideways momentum & broader range could be expected between 29,888 to 31,503 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty lost more than 500 points, due to rising bond yields, rising dollar and  covid concerns.

We expect intraday range could be 14,058-14,511 with sideways momentum while broader range could be 13,883 to 14,667.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Morning Market Insight Report – 12 Apr 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 1.02%, with PSU Banks gaining 2.09% and Private Banks losing 0.92%.

We expect intraday range could be 31,973 to 32,898 with sideways momentum & broader range could be expected between 31,681 to 33,209 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty lost its 3-day winning streak and ended in red due to increasing record breaking numbers of corona cases.

We expect intraday range could be 14,628-15,034 with sideways momentum while broader range could be 14,477 to 15,183.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Markets Remained Range-bound; Buying Pressure in Mid-Small Cap

During the previous week, both the benchmark indices, Nifty and Sensex witnessed a highly volatile session, ending the weekly session in red. Nifty and Sensex traded in the range of 14,459 and 14,882, and 48,580 and 50,092 respectively. During the week, bulls tried to take control of the market, but failed to do so.

The equity markets witnessed a weakened investor sentiments due to continuation in rising COVID-19 cases throughout the world, and especially due to a higher pace of rise in the number of cases in India. Stringent lockdown rules have been announced by the state governments, whereas, lockdown period has been extended for the states which were already experiencing lockdown and night curfew. This has weakened the investors’ sentiments.

However, the investor sentiments were boosted on Wednesday, after the announcement of RBI Policy, where the bank rates have been kept unchanged, as a remedy to revive the economy of the country by the way of liquidity infusion. The MPC committee has been keeping the rates unchanged since past 5 meetings. Bank Nifty welcomed the Policy outcome with open arms.

As far as sectoral indices are concerned, Nifty IT, Nifty Metal and Nifty Pharma stocks ended in green during the week, gaining more than 2% each, whereas, all the other sectoral indices ended the week in red. Nifty Private Bank, Nifty PSU Bank, Nifty Media and Nifty Financial Services were the worst performers of the week, losing more than 2% each.

For the upcoming week, the equity markets are expected to react on the new lockdown rules announced by the government and the change in number of COVID-19 cases. If the cases do not subside, the rules might get more stringent and have a negative effect on the equity market. Technically, for Nifty, 14,880 will be a critical level for the week. It should sustain above that level to confirm its bullish trend. On the upper side, it might see 15,300 levels. If it falls below 14,880, we might see it falling to 14,389.

Page 8, NavGujarat Samay, 9th April’21

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Morning Market Insight Report – 9 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 0.63%, with PSU and Private Banks losing 0.85% and 0.63% respectively.

We expect intraday range could be 32,321 to 33,239 with sideways momentum & broader range could be expected between 32,041 to 33,547 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded volatile, due to COVID-19 fears and after the US dollar increased tremendously.

We expect intraday range could be 14,666-15,073 with sideways momentum while broader range could be 14,513 to 15,229.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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Morning Market Insight Report – 8 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 1.51%, with PSU and Private Banks losing 1.95% and 1.53% respectively.

We expect intraday range could be 32,538 to 33,441 with sideways momentum & broader range could be expected between 32,229 to 33,753 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded volatile, after the announcement of RBI policy.

We expect intraday range could be 14,603-15,109 with sideways momentum while broader range could be 14,467 to 15,172.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

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Morning Market Insight Report – 7 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 0.54%, with PSU and Private Banks losing 0.03% and 0.40% respectively.

We expect intraday range could be 32,003 to 32,951 with sideways momentum & broader range could be expected between 31,692 to 33,248 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty closed almost flat, weighed by the fears of lockdown in some parts of the country.

We expect intraday range could be 14,431-14,884 with sideways momentum while broader range could be 14,277 to 15,092.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

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