Markets:- How to Trade Nifty50 on Thursday?

Moneyites April 9, 2020 No Comments

Nifty Tips:- The Indian benchmark index Nifty50 slightly down by -43.45 points to 8748.75 on Wednesday trading session. The Nifty index opens flat to positive in the morning trade but sharply reversed and marks day’s worst level of 8653.90. The Nifty index later swings high and marks the day high of 9131.70 but give up all its gain and closed in the red.

The volatility index ( VIX ) increased marginally by 0.85% to close at 52.24 in intraday trade.

Coronavirus:- The number of novel coronavirus cases increased to 5,274 in India and the death toll reached to 149 by Wednesday evening, Whereas 1.42 Million people infected and 82,000 deaths reported worldwide from COVID-19

Technically, The index is in a consolidation phase and it is now trading in the positive territory. The index has key support of 8575 in today trading session holding above this it may continue to trend positively. The index has immediate resistance at 8780 above this it may retest the level of 8900-9040 to the upside. Whereas it has nearest support at 8575 below this it may drop to the level of 8475-8350 to the downside.

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Also Read:-Markets:- How to Trade Bank Nifty on Tuesday?

Markets:- How to Trade Nifty50 on Tuesday?

Moneyites April 4, 2020 No Comments

Nifty Tips:- The Indian benchmark index Nifty50 extends losses and close down by -170 points or -2.06% to 8083.80 on the last trading session of the week. The Nifty index opens gap up, but just short of the immediate resistance level of 8360. The index then showed sharp correction and touched the first support level of 8160 as mentioned in the last report.

The volatility index ( VIX ) drops by another -7.91% to close at 55.30 in intraday trade.

Coronavirus:- The number of novel coronavirus cases increased to 3,040 in India and the death toll reached to 75 till Saturday evening, Whereas 10,16,401  people infected and 53,146 deaths reported worldwide from COVID-19

Technically, The Nifty index short term trend is in line with the long term downtrend after a strong bounce back. The index closed below the immediate support level of 8160 on a weak note. So it may continue to carry the negative momentum in the coming week.

The index has immediate support at 8042 below that it may continue to slide to the level of 7980-7860 to the downside whereas it has immediate resistance at 8130 above that it may test the levels of 8220-8340 to the upside.

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Also Read:- Stock Tips:-Tata Steel

Markets:- How to Trade Nifty50 on Friday?

Moneyites April 3, 2020 No Comments

Nifty Tips:- The Indian benchmark index Nifty50 drops by -4% or -343.95 points to 8253.80 on Wednesday trading session. The Nifty index opens flat but global theme of selling in markets drags nifty down.  The index broke down its nearest support of 8515 and below that the next support levels of 8420-8260 touched as mentioned in the last report.

The volatility index ( VIX ) drops by -6.76% to close at 60.05 in intraday trade.

Coronavirus:- The number of coronavirus cases increased to 2,069 in India and the death toll reached to 53, Whereas 9,37,000  people infected and 47,000 deaths reported worldwide from COVID-19

Technically, The Nifty index forms an aggressive bearish candle in the last trading session. In the current week,  We have also witnessed index trading in a range with the negative biases. The index lingering at the support zone breaking of this may continue to show more downside in the coming time.

The index has immediate support at 8160 below that it may continue to slide to the level of 7980-7760 to the downside whereas it has immediate resistance at 8360 above that it may test the levels of 8500-8670 in the short run.

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Also Read:-Markets:- How to Trade Nifty50 on Wednesday?

Markets:- How to Trade Nifty50 on Wednesday?

Moneyites March 31, 2020 No Comments

Nifty Tips:- The NSE main index Nifty50 Opens gap up by around 250 points at our second resistance level in the early trade but soon correct down to fill the gap and marks the day low of 8358. The bulls then take the charge from our first resistance level of 8340 and no turn back from there to hit the day high of 8678 before finally settled at 8597.75 with the gains of 316.65 points in the day trade.

The volatility index ( VIX ) drops by -10.41% to close at 64.41 in intraday trade.

Coronavirus:- The number of coronavirus cases increased to 1,251 in India and the death toll reached to 32, Whereas 7,55,591  people infected and 36,211 deaths reported worldwide from COVID-19

The index bounced back after retracing 50% of its recent uptrend. The index has a crucial barrier at the level of 9000-9100 levels, that will give a decisive direction in the coming time below that we may continue to trade range wise.

The index has immediate support at 8515 below that it may continue to slide to the level of 8420-8260 to the downside whereas it has immediate resistance at 8740 above that it may test the levels of 8910-9040 in the short run.

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Also Read:-Markets:- How to Trade Nifty50 on Tuesday?

Markets:- How to Trade Nifty50 on Friday?

Moneyites March 26, 2020 No Comments

Nifty Tips:- The NSE main index Nifty50 opens gap up and resumes the previous day gaining momentum. The index registered strong gains and added 323.60 points or 3.89% to closed at 8641.45. It’s a third consecutive day gain for the Nifty index and last trading session for the March expiry.

The volatility index drops -7.85% to 71.53  in intraday trade. The index showed some relief in day trading though trading at near 11  years high levels.

Coronavirus:- The number of coronavirus cases increased to 694 in India and the death toll reached to 13, Whereas 4,68,644  people infected and more than 21100 deaths reported worldwide from COVID-19

The bulls continue the rally in today’s trading session. The recent uptrend is a result of steroids in the form of market stimulus. The bulls are in charge and may continue to show more upside in the coming time. The index has nearest support at 8490 below that it may test 8340-8190 to the downside whereas it has immediate resistance at 8750 above that it may show some more relief to the level of 8900-9130 to the upside.

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Also Read:-Markets:- How to Trade Nifty50 on Thursday?

 

Markets:- How to Trade Nifty50 on Thursday?

Moneyites March 25, 2020 No Comments

Nifty Tips:- The NSE main index Nifty50 Opens gap down in the early trade but later bulls take in charge and capitalize on the gain. The Nifty index registered massive gain and added 516.80 points or 6.62% to closed at 8317.85. The Nifty index in intraday trade made day high and low of 8376.75 and 7714.75 respectively.

The volatility index drops -7.16% to 77.62 in intraday trade. The index showed some relief in day trading through trading near 11  years high levels.

Coronavirus:- The number of coronavirus cases increased to 606 in India and the death toll reached to 10, Whereas around 4,46,789  people infected and more than 19,808 deaths reported worldwide from COVID-19

The Nifty index trading in line with the global theme and forms an aggressive bullish candle on the daily chart. The index has nearest support at 8150 below that it may test 7990-7860 to the downside whereas it has immediate resistance at 8420 above that it may show some more relief to the level of 8560-8720 to the upside.

For all day to day News, Data and live development on Markets Follow us.

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Also Read:- Stock Tips:- Lupin