INTRADAY LEVELS PERFORMANCE -
Indusind bank had not been on the radar & Tata steel opened a gap up.
POST MARKET REVIEW -
1) Today markets opened with a huge gap up.
2) NIFTY celebrated a new all-time high, had a huge gap up opening @ 15421 & made an all-time high of 15469.
3) BANK NIFTY opened with a 200 points gap opening.
4) NIFTY & BANK NIFTY had a profit booking in the opening market.
5) BANK NIFTY had a profit booking above 450 points from days high.
6) BANK NIFTY could not hold yesterday close 35134 levels in 1st half session.
7) In the last closing bell BANK NIFTY battled to hold above 35000 levels.
8) BANK NIFTY closed above yesterday's expiry close 35134 levels.
9) NIFTY had a pullback of 50 points on the upside in the last closing bell.
10) NIFTY was struggling a lot @ 15431 levels.
11) At closing bell NIFTY closed above 15431 levels.
12) Will NIFTY sustain above all-time high, next week?
13) Technically NIFTY looks bullish on weekly basis,
14) BANK NIFTY has confusion technically.
15) That analysis will be explained in our blogs WEEKLY ANALYSIS.
16) RELIANCE ( Mota Bhai ) had an unbelievable move today of 130 points rally on the upside, which supported NIFTY to make an all-time high.
17) HDFC twins also supported NIFTY to hold on the higher side.
18) Some interesting happened in the market today, BANK NIFTY was moving down but HDFC twins were stable supporting NIFTY.
19) All can look for previous blogs, we had mentioned RELIANCE & HDFC TWINS will support NIFTY to make an all-time high.
20) RELIANCE looks strong in the upcoming days.
21) AUTO SECTOR was stable today
22) Should wait and watch how USDINR plays in upcoming days.
23) IT SECTOR has already in the overbought zone. USDINR has made a base but our IT STOCKS are @ higher levels.
24) In the upcoming week AUTO numbers will play a key role in the market next week.
25) NIFTY looks bullish only above all-time high 15469 levels.
26) BANK NIFTY will be bullish only above today high 35436 levels.
27) Interesting week ahead because Fiis are net sellers in MAY month.
28) Market is Waiting for SEBI announcement regarding margin money.
29) SEBI announcement comes positive, the market will be a rocket in upcoming days JUNE month.
30) Healing cases of COVID 19 the second phase, will also take the market on the upside.
STAY TUNED ON THE BLOGS,
WEEKLY ANALYSIS WILL BE POSTED SOON.
