Thursday, October 10, 2019

Nifty Outlook And Market Update : 10.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 10.10.2019 - Ace Investment Advisory: Key equity benchmarks surged higher after six sessions of non stop selling as the rate cut by RBI didn’t cheer the market. Global cues remains supportive for the domestic indices as the European shares were trading in green. Nifty surged more than one and half percent to close at 11362.30. Banking shares were the major

Wednesday, October 9, 2019

Nifty Outlook And Market Update : 09.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 09.10.2019 - Ace Investment Advisory: Key equity benchmarks extended losses for sixth straight trading session on Monday, dragged by selling pressure in pharmaceuticals, auto and PSU banks stocks. Negative global cues cues spoiled investor’s sentiment. After opening higher, the Nifty 50 index reversed gains in early trade. Buying emerged at lower levels and pushed the index to fresh intraday high

Tuesday, October 8, 2019

Monday, October 7, 2019

Nifty Outlook And Market Update : 07.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 07.10.2019 - Ace Investment Advisory: Key barometers extended losses for fifth consecutive session on Friday, dragged by selling pressure in banks and metal stocks. The Nifty ended below the 200-day simple moving average (DMA) placed at 11,262. Market sentiment was dented after the Reserve Bank of India (RBI) cut its FY20 GDP growth rate forecast sharply to 6.1% from 6.9%.

Friday, October 4, 2019

Nifty Outlook And Market Update : 04.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 04.10.2019 - Ace Investment Advisory: Key benchmark indices extended losses for fourth consecutive session on Thursday, dragged by weak global markets. Metal shares tumbled on fears of weak global growth. Yes Bank bounced after management clarified that the bank was on a firm financial footing. The Nifty opened lower and a hit the day’s low of 11,257 in early trade.

Thursday, October 3, 2019

Nifty Outlook And Market Update : 03.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 03.10.2019 - Ace Investment Advisory: Nifty Index formed Bearish Engulfing Pattern on daily chart. Nifty Index tested 200 DMA and closed below 100 DMA 11407 and  closed -1.0%  at 11359.90. The next key support and resistance for the market is at 11250/11130 and 11420/11500.

Tuesday, October 1, 2019

Nifty Outlook And Market Update : 01.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 01.10.2019 - Ace Investment Advisory: The market declined for second straight trading session on Monday, dragged by weakness in financial stocks. Negative cues from other Asian indices also put pressure on the bourses. The Nifty saw a gap-down opening and extended losses as the session progressed. The index hit fresh intraday low of 11,390.80 in early afternoon trade. Buying emerged