Nifty - Technical Analysis:
-Nifty closed 15 points, or 0.13 percent, up at 11,464.45.
-It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign
-FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period.
Market - Driving Factors:
-Top Index gainers: SBI (2.83%), TechM (1.76%), TCS (1.69%)
-Top Index losers: IndusInd Bank (1.68%), Power Grid (1.49%), Airtel (1.16%)
-While the market is not in a bubble zone, we note that global cues (US markets on correction mode) have started to turn negative and FIIs have turned sellers along with domestic MFs.
-All BSE indices except telecom and utlities end the day in the green
Nifty - Outlook for Monday, 14th September:
Investors need to be prepared for a minor correction or a side-ways market, going ahead. There are some pockets of value in small-caps, but one needs to be selective. We also need to keep an eye on the US equities and how it behaves today, any further selloff or tension in Indo-China border can lead to more selling pressure.
Have a great weekend!
-Nifty closed 15 points, or 0.13 percent, up at 11,464.45.
-It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign
-FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period.
Market - Driving Factors:
-Top Index gainers: SBI (2.83%), TechM (1.76%), TCS (1.69%)
-Top Index losers: IndusInd Bank (1.68%), Power Grid (1.49%), Airtel (1.16%)
-While the market is not in a bubble zone, we note that global cues (US markets on correction mode) have started to turn negative and FIIs have turned sellers along with domestic MFs.
-All BSE indices except telecom and utlities end the day in the green
Nifty - Outlook for Monday, 14th September:
Investors need to be prepared for a minor correction or a side-ways market, going ahead. There are some pockets of value in small-caps, but one needs to be selective. We also need to keep an eye on the US equities and how it behaves today, any further selloff or tension in Indo-China border can lead to more selling pressure.
Have a great weekend!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.