@the_news_21
@rex_cano
Mumbai: Mirroring negative cues from the US markets, our markets opened on a weak note and languished in the negative zone throughout the day. The BSE benchmark index, the Sensex, opened with a huge negative gap of 330-odd points at 38,284. The BSE index thereafter could barely manage to touch a high of 38,402 – still down 200 points from previous close. The Sensex finally ended the day with a loss of 394 points at 38,220.
Among the Sensex 30 stocks, HDFC dropped nearly 2 per cent. Axis Bank, Bharti Airtel, Mahindra & Mahindra, Titan, Reliance Industries, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, ITC, Larsen & Toubro, SBI and UltraTech Cement declined 1-2 per cent each. On the positive side, NTPC zoomed nearly 7 per cent. ONGC and PowerGrid Corporation also gained 3 per cent and 2 per cent, respectively.
Despite Thursday’s 400-point fall, the outlook for the BSE Sensex continues to remain positive as per both the weekly and the monthly Fibonacci charts. As per the weekly Fibonacci chart, the BSE index has near support around 38,075, below which the next significant support is around 37,900-level. As per the monthly Fibonacci chart, the bias for the month is likely to remain positive as long as the Sensex sustains above 37,600-level.
As per the daily Fibonacci charts, on Friday, in case of an up move the BSE Sensex is likely to face resistance around 38,315-38,345-38,370, and in case of a down move, the Sensex may seek support around 38,125-38,100-38,070.
Also Read: Market Outlook: Uptrend continues; Fresh gains for Nifty likely above 11,450
The NSE Nifty ended with a loss of 0.8 per cent at 11,312. The short-term bias for the NSE index continues to remain positive as long as the Nifty remains sustains above the 20-DMA (Daily Moving Average) at 11,210. The NSE index has retraced after testing the higher-end of the Bollinger Band on the daily charts.
As per the daily charts, even as the NSE Nifty has been trending higher the index has been moving between the 20-DMA and the higher-end of the Bollinger Band for a long time now. A breakout in either direction is likely to trigger an extended move in that particular direction. Hence, one needs to keep a close eye on 11,210 on the downside and 11,450 on the upside.
Among the key momentum oscillators on the daily charts, the DI (Directional Index) continues to remain positive. The Slow Stochastic is marginally positive, while the MACD (Moving Average Convergence Divergence) remains inconclusive. The 14-day RSI (Relative Strength Index) also remains in the neutral mode.
Disclaimer: The views expressed in this article are personal and for information purpose only, it does not advocate any buy or sell /recommendation.
where to get cheap clomid price can i purchase generic clomid without a prescription can i purchase clomid pills can i buy cheap clomiphene no prescription clomiphene 50mg tablets clomiphene tablets uses in urdu buy cheap clomiphene price
More posts like this would add up to the online elbow-room more useful.
order zithromax 250mg for sale – oral ofloxacin 400mg metronidazole 200mg cheap
semaglutide 14mg oral – brand semaglutide 14mg buy cyproheptadine generic
motilium 10mg uk – motilium medication buy cyclobenzaprine 15mg online cheap
buy augmentin 375mg online cheap – https://atbioinfo.com/ acillin ca
how to get nexium without a prescription – https://anexamate.com/ brand esomeprazole 40mg
buy generic warfarin – https://coumamide.com/ buy cozaar 25mg sale
deltasone order – aprep lson deltasone 20mg cost
generic ed pills – https://fastedtotake.com/ buy ed pills cheap
amoxil for sale online – buy cheap amoxicillin order amoxil without prescription
buy diflucan 100mg for sale – flucoan order fluconazole 100mg
escitalopram online – https://escitapro.com/# lexapro usa
cenforce 100mg tablet – https://cenforcers.com/ buy cenforce generic
cialis manufacturer coupon – https://ciltadgn.com/# cialis generic best price that accepts mastercard
tadalafil 20mg canada – https://strongtadafl.com/ does cialis shrink the prostate
zantac 300mg for sale – https://aranitidine.com/# purchase ranitidine generic
sildenafil 100mg blue pill – site viagra with dapoxetine 100 60 mg
I am in truth delighted to gleam at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. https://buyfastonl.com/azithromycin.html
Palatable blog you procure here.. It’s severely to find great calibre article like yours these days. I honestly appreciate individuals like you! Take care!! accutane principio activo
With thanks. Loads of conception! https://ursxdol.com/get-cialis-professional/
This is a topic which is virtually to my callousness… Diverse thanks! Unerringly where can I find the connection details due to the fact that questions? https://prohnrg.com/product/metoprolol-25-mg-tablets/
Thanks on putting this up. It’s well done. https://aranitidine.com/fr/acheter-propecia-en-ligne/
More articles like this would remedy the blogosphere richer. https://ondactone.com/product/domperidone/
Thanks for putting this up. It’s okay done.
losartan 50mg for sale
Palatable blog you have here.. It’s hard to assign high quality article like yours these days. I really appreciate individuals like you! Take care!! http://anja.pf-control.de/Musik-Wellness/member.php?action=profile&uid=4703
order forxiga generic – https://janozin.com/ order forxiga 10 mg
order orlistat – https://asacostat.com/ orlistat order
This is the kind of criticism I in fact appreciate. http://bbs.51pinzhi.cn/home.php?mod=space&uid=7113218
Facts blog you procure here.. It’s severely to on high worth article like yours these days. I really recognize individuals like you! Go through vigilance!! TerbinaPharmacy
This is the make of post I turn up helpful.