Nifty Market Outlook

Nifty Outlook:-

The Nifty50 after opening lower extended losses amid consolidation and closed the Thursday’s session lower, but the broader markets outperformed frontliners with the Midcap and Smallcap indices rising 0.6 percent each. Five consecutive sessions of fall appears to have dragged down the Nifty50 into oversold territories from where a bounce back looks inevitable, experts said, adding the pull back rally may take Nifty to 10,900 levels.

Daily Chart:

chart

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Today’s Nifty & Bank Nifty Open

NIFTY SAW FLAT OPENING AS OPENED @ 10910 // BANK NIFTY SAW FLAT OPENING AS OPENED @ 27270// USDINR @ 71.12 //

Opening Bell 12 feb 2019

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Nifty Market Outlook

Nifty Outlook:-

Nifty extended downtrend for third consecutive session and closed below 10,900 levels, dragged by oil & gas, select banking & financials and auto stocks. Mixed global cues and not so encouraging December quarter earnings along with fear of downgrade dented the market sentiment. Traders also looked cautious ahead of macro data – January CPI inflation and December industrial output scheduled to be announced on evening.

Daily Chart:

chart

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Nifty Outlook View

Nifty Outlook:-

The Nifty50 extended downtrend on first day of the week and closed below psychological 10,700 levels Monday as investors may be cautious ahead of Interim Budget to be announced on February 1 and expiry of January futures & options contracts on January 31. The index fell 1.2 percent last week.The sell-off in banking & financials, FMCG and Pharma stocks pulled the market sharply lower while the broader markets continued to underperform frontliners.

Daily Chart:

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Nifty above 10,800 mark; TCS stock slips after margin disappoints in Q3

The Sensex was up 23 points at 36,129, while the Nifty marginally up 3 points at 10,824. The market breadth was positive with 784 shares advancing, 685 shares declining, and 573 remaining unchanged.Shares of IT behemoth TCS slip after the firm reported Q3 results in-line with estimates. CLSA has maintained a buy call on the shares with a target price of Rs2,460.

stock market 11 jan 2019

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