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Sept 14, 2021 4:47 PM
Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities
Market continues to trade in a cautious manner after the recent rally and lack of follow up buying saw benchmark Nifty trim most of its early gains and end a tad higher, which is broadly negative. On intraday charts, the index has formed a triple top kind of formation. The market is still trading within the trading range and for the bulls, 17,450 would be the range breakout level. Above the same, the breakout formation could continue up to 17,500-17,525 levels. On the flip side, trading below 17,350 could possibly trigger an intraday correction up to 17,300-17,275 levels.
Sept 14, 2021 4:43 PM
Key stocks that moved most on Sept 14: Zee Enterprises, Ami Organics and more
Domestic headline indices ended higher on Tuesday led by gains in index majors such as Kotak Mahindra Bank, Tata Consultancy Services, HCL Technologies and Larsen & Toubro. However, midcap stocks…
Sept 14, 2021 4:40 PM
Ajit Mishra, VP - Research, Religare Broking
Markets ended marginally in the green in a range-bound session, in continuation to the prevailing consolidation phase. Though the index has been holding at higher levels, it would be difficult to regain momentum without the banking pack, which is still signalling a mixed trend. Amid all, we reiterate our view to continue with a positive yet cautious approach until we see any sign of trend reversal.
Sept 14, 2021 4:27 PM
Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty closed at its all-time high though on an intraday basis it faced resistance from the previous high formed 4 days back. The advance-decline ratio has improved to much above 1:1, bringing some positivity amongst traders. A convincing breach of 17,437 could lead to an acceleration in the upmove. On the other hand, 17,254 could act as a support.
Sept 14, 2021 4:19 PM
Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities
The spot rupee closed flat near 73.68 levels against the dollar. Foreign Portfolio inflows offset the demand from dollars from state-run banks. However, with the US Dollar Index trading flat but oil prices ticking up, USDINR may continue to see bids at lower levels. Over the near term, we expect a range between 73.45-73.90 on spot.
Sept 14, 2021 4:08 PM
Rupee at Close | The Indian rupee ended flat at 73.68 per US dollar against the previous close of 73.67 amid a muted trend in domestic equity maket. The local currency opened at 73.62 and witnessed a low of 73.70 and an intra-day high of 73.57 in the day trade.
Sept 14, 2021 4:07 PM
Palak Kothari, Research Associate, Choice Broking
On the technical front, the Index has given a breakout of the falling trend line and taken support from the extended trendline, which suggests upside movement in the counter. On an Hourly Chart, the Index has taken support from 21 HMA and sustained above the same suggested strength for the upside. Momentum indicators RSI & Stochastic are supporting the positive trend in the index. At present, the psychological level of 17,500 could be a resistance while on the downside, 17,250 may act as support for the index.
Sept 14, 2021 3:56 PM
Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments
The Nifty is range-bound between 14,250 and 14,450. This morning we attempted to get past 14,450 but resisted around that level. Until we do not get past either value of the index, we will be trading in a sluggish manner. Since the overall trend is positive, a good trading strategy would be to buy this market on dips.
Sept 14, 2021 3:54 PM
Market At Close | Midcap outperformance keeps market breadth in favour of advances.
Sept 14, 2021 3:43 PM
Market At Close | Nifty ends at a record closing high, led by IT & Kotak Mahindra Bank.
Sept 14, 2021 3:42 PM
Market At Close | Here are the highlights of today’s trading session
-Nifty Ends At A Record Closing High, Led By IT & Kotak Bank
-Midcap Outperformance Keeps Market Breadth In Favour Of Advances
-Sensex Rises 69 Points To 58,247 & Nifty 25 Points To 17,380
-Nifty Bank Gains 141 Points To 36,613 & Midcap Index 398 Points To 29,872
-Media Gains The Most Amongst Indices With All Its Constituents In The Green
-Zee Ent Surges 40% On Oppenheimer’s Letter Seeking Changes To The Board
-Rally In Zee Ent Lifts Other Media Stocks Too, Sun TV Closes 5% Higher
-Bharti, Voda Idea & Indus Towers Move Higher On Reports of Telecom Relief Package
-IndusInd Bank, Indus Towers Gain In-line With Vodafone Idea
-Yes Bank Continues The Gaining Momentum On Stressed Asset Resolutions
-IRCTC, Escorts, L&T Tech, BEL, Ipca, Coforge & L&T Info Hit Fresh 52-wk Highs
-Marico, Nalco, ICICI Lombard, Vedanta, CONCOR Top Midcap Losers
Sept 14, 2021 3:38 PM
Closing Bell | The Indian equity benchmark indices ended higher Tuesday led by gains in banks, automobile and IT shares. The Sensex gained 69.33 points, or 0.12 percent, to close at 58,247.09, while the Nifty ended 24.70 points, or 0.14 percent, higher at 17,380.00. Broader markets, midcap and smallcap indices outperformed the benchmarks.
Among sectors, Nifty Media surged the most over 14 percent, followed by private banks, IT, auto and realty indices, while selling was seen in Nifty Metals and Nifty FMCG indices. IndusInd Bank, HCL Technologies, Hero MotoCorp, Adani Ports & SEZ and Tata Motors were the top Nifty50 gainers, while UltraTech Cement, HDFC, BPCL, Nestle India and Tata Steel were the top index losers. Read here.
Sept 14, 2021 3:36 PM
Ashis Biswas, Head of Technical Research at CapitalVia Global Research
The market witnessed a small correction and an attempt to hold the level around the Nifty50 Index level of 17,400. it suggests that 17,200-17,250 will be an important support zone for the market to stay positive in the short term. If the market is able to sustain the level of 17,200-17,250, it can witness higher levels of 17,500. The technical indicator suggests a volatile movement in the market in a small range between 17,200-17,500.
Sept 14, 2021 3:30 PM
Hindustan Aeronautics, Rolls-Royce to make Adour engine parts in India
Hindustan Aeronautics and Rolls-Royce have signed an agreement for Make-in-India Adour engine parts to support Rolls-Royce's international defence customer base.
Sept 14, 2021 3:27 PM
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