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…

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May 5, 2022

NIFTY: Nifty opened at 16854.75 with a big gap up of 177 points. The index initially moved lower but soon prices turned up and saw a rally of more than 150 points. The index recorded its intraday high at 16945.70 and found strong resistance there. Prices have drifted…

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May 4, 2022

NIFTY: Nifty opened at 17096.60 with a minor gap up of just 27 points. The index recorded its intraday high at 17132.85 and started drifting downwards. Initially, the decline was slow and modest but as the rate hike news comes the downside momentum becomes very strong and the…

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May 2, 2022

NIFTY: Nifty opened at 16924.45 wit ha big gap down of 178 points. The index recorded its intraday low at 16917.25 almost at its opening tick and started moving sideways. The index moved very volatile today wit h lots of up and down swings. However he bias was…

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April 30, 2022

NIFTY: Nifty opened at 17329.25 with a gap up of 84 points. The index first moved down, filled the gap, found support there, and then started an upside move. The rally was slow and steady and prices have kept on moving higher to record its intraday high at…

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April 28, 2022

NIFTY: Nifty opened at 17189.50 with a big gap up of 151points.The index first moved down but found support around the 17050 - 17100 zone and then bounded up. Prices have recorded its intraday low at 17071.05 after moving down about one and half hours from the open…

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April 27, 2022

 NIFTY: Nifty opened at 17073.35 wit ha big gap down of 127 points. The index first consolidated for the first 15 minutes of trading and recorded its intraday high at 17110.70.Prices found strong resistance there and started moving on the downside. A sharp decline of more than 100…

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April 25, 2022

NIFTY: Nifty opened at 17009.05 with a big gap down of 162 points. The index first consolidated around the opening tick, saw a minor upward rally and recorded its intraday high at 17054.30.Prices then moved down very sharply towards the 16900 and then turned up. Another rally came…

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April 24, 2022

  NIFTY: Nifty opened at 17242.75 wit ha gap down of 150 points. The index first consolidated for about one and half hours and then breakout higher. A rally brought prices to its intraday high at 17315.30 and then found strong resistance there. The index again consolidated about…

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April 21, 2022

NIFTY: Nifty opened at 17234.60 with a gap up of 98 points. The index first consolidated and recorded its intraday low at 17215.50 within the first 30 minutes of trading. Prices have seen a breakout from the morning range and started moving higher. The rally lasted for almost…