NIFTY: Nifty opened at 15917.40 with a big gap down of 323 points. The index initially consolidated after recording its intraday high at 15984.75 in its initial trades. The consolidation sooner breaks on the downside and prices have seen a sharp decline. On the downside, the index added…
NIFTY: Nifty opened at 6318.15 wit ha gap up of 59 points. The index rallied further on the upside and then finds resistance around 16400. The index recorded its intraday high at 17399.80.Prices then started a process of consolidation that eventually breaks on the downside. The index recorded…
NIFTY: Nifty opened at 15912.60 with a gap up of 70 points. The index recorded its intraday low at 15900.80 a few ticks below the opening price and moved higher. Prices have seen a strong intraday rally today throughout the day. Minor dips in between were quickly bought…
NIFTY: Nifty opened at 15845.10 with a gap up of 63 points. The index first moved down, filled the gap, and recorded its intraday low at 15739.60 within the first five minutes of trading. Prices then rallied for about one hour and recorded its intraday high at 15977.95.…
NIFTY: Nifty opened at15977 with a big gap up of 169 points. The index first tried to fill the gap and moved down. However, prices found support and then rallied higher. The index recorded its intraday high at 16083.60 in the afternoon and then found strong resistance there.…
NIFTY: Nifty opened at 16021.10 With a big gap down of 146 points. The index recorded its intraday high at 16041.95 a few ticks above the opening price and drifted downwards. A sharp decline of about 200 points came within the first 20 minutes of trading and then…
NIFTY: Nifty opened at 16270.05 with a gap up of just 30 points. The index inched further higher in its initial trades and recorded its intraday high at 16318.75 within the first 15 minutes of trading. Prices have found strong resistance there and started drifting downwards. The index…
NIFTY: Nifty opened at 16248.90 with a gap down of 53 points. The index initially moved up but turned down quickly. Another rally started after the index found support around the opening tick. Prices have strongly bounced up around 16250 and then rallied almost 150 points to record…
NIFTY: Nifty opened at 16227.70 wit ha big gap down of 184 points. The index initially moved further lower for almost half an hour and recorded its intraday low at 16142.50.Prices have found strong support there and bounced up. A sharp rally brought prices above 17400 and the…
May 7, 2022
Morning Outlook 7th May, 2022
NIFTY: Nifty opened at 16415.55 wit ha big gap down of 267 points. The index initially moved higher but soon prices finds strong resistance and started drifting downwards. The index recorded its intraday low at 16340.90 and found repeated support around the 17350 level. The index then rose…