NIFTY: The NIFTY opened at 17160.55 without much of a gap. Initially, the index moved down but quickly turned around and saw an up move which faced resistance just above 17200. The index recorded its intraday high at 17224.65 and started drifting downwards. Prices have seen a sharp…
View on market: Stay Cautious, be with quality business: Asian markets are poised to rebound on Wednesday as investors wager that the worst of the global fallout from the American banking sector has passed. U.S. stocks rallied into the close, helping set the tone for a shift in…
NIFTY: The NIFTY opened at 17421.90 with a minor gap up. The index initially moved higher and soon faced resistance and turned down after recording its intraday high at 17529.90. Prices have started drifting downwards and continued the bearish momentum for the whole day. The index reached around…
View on market: Stay Cautious, be with quality business: Asian markets extended declines on Tuesday while bonds rallied in early trading as the collapse of Silicon Valley Bank continued to reverberate across global markets. The S&P 500 closed down 0.2% on Monday, after bouncing between gains and losses…
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NIFTY: The NIFTY opened at 17443.80 with a big gap down of 146 points. The index recorded its intraday high at 17451.50 just above the opening tick and started drifting downwards. Prices found intraday support just above 17300 and then saw an upside move. The index then started…
View on market: Stay Cautious, be with quality business: Asian stocks fell, U.S. stock futures surged and the dollar retreated after American financial regulators took steps to shore up the financial sector with a new lending program in the wake of Silicon Valley Bank’s failure. Australian and Japanese…
March 10, 2023
Nifty And Nifty Bank Have Seen A Sharp Intraday Decline
NIFTY: The NIFTY opened at 17772.05 with a gap up of just 18 points. The index recorded its intraday high almost at the opening tick and started drifting downwards. Prices found support in the afternoon and started a consolidation process. That consolidation eventually broke on the downside and…
View on market: Stay Cautious, be with quality business: Asian markets traded lower following the sharpest decline in the U.S. equities in two weeks after a rout in bank shares picked up steam. The S&P 500 on Thursday fell to the lowest since Jan. 19, with financial companies…