Derivative call by Nandish Shah, Technical Analyst, HDFC securities.
Derivative call by Nandish Shah, Technical Analyst, HDFC securities.
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
The rupee has hardened however, with foreign portfolio investors selling equity but buying into rupee debt
The Bank Nifty has been more bullish than the Nifty in the past five sessions
The Nifty has run to recent highs above 11,700 after it broke out beyond 11,000 a month ago
The index has moved beyond 11,000 and held above it for three sessions. If this breakout is sustained, we're looking at a target of 11,500-11,600
An eight-week downtrend led to 14.9 per cent retraction off the peak, before the rebound started in early December
FPIs have been net buyers in the last five sessions and domestic institutions are also net positive
Retail investors have been direct equity sellers, but they continued to subscribe to equity mutual funds and this has been a saving grace
Momentum Indicators and oscillators are Indicating strength in the stocks
A five session dip saw the Nifty find support at 9,685
FPIs continued to cut back emerging market exposure
If the Fed does hike rates as expected, and produces a hawkish statement, the market would tank
There is strong consensus that there will be a rate cut and that has probably had a somewhat bullish impact
The Nifty broke down to 8,400 on last Friday and it has pulled back till the 8,500 level on the estimates that Mrs Clinton is leading in early voting
This was the first policy review led by Urjit Patel and the first where the new Monetary Policy Committee (MPC) calls the shots
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The Nifty found support at 8,550. The bounce has pulled it back to test resistance at 8,750 level