Post market weekly closing reviews 21st may

POST-MARKET REVIEWS -
                         NIFTY CHART
https://twitter.com/Kirtheebane/status/1390931764223172608?s=19


                     BANK NIFTY CHART
https://twitter.com/Kirtheebane/status/1390934275571150850?s=19

#Had tweeted earlier about the upcoming moves.

POST-MARKET -

1) Today markets opened with a huge gap up.

2) Global sentiments were very good today.

3) Sensex drives 976 points on the upside.

4) NIFTY drives up & closed with 269 points on the upside.

5) IT sector & Hindalco pushed the market upside.

6) BANK NIFTY soars 1200+ points on the upside.

7) SBI, INDUSIND BANK & HDFC made a rally above 4%

8) Positive sentiments - Supreme Court decision on promoter guarantee for IBC matters settled.

9) Positive sentiments - RBI to transfer ₹99,122 crores to central govt for 9 months ended March.

10) Positive sentiments - SBI reported net income for the fourth quarter that beat the average analyst estimate.
Net income 64.5 billion rupees, 
Gross non-performing assets 4.98% vs. 4.77% q/q.
A dividend per share of 4 rupees was announced.

11) Covid - 19-second wave cases are also healing down in many states.

12) INDEX heavy wattage stocks gave a blowing rally today.

13) BANK NIFTY waiting for more upside till 36000 or even new all-time can be made.

14) Had suggested earlier in my tweets & blogs, something is cooking in PSU BANKING SECTOR.

15) NIFTY is also geared up to a new all-time high.

16) My views NIFTY might rally smoothly till 16000 within MAY month.

17) No negative sentiments for next week.

18) Only AUTO SECTOR did a stable move today. I think to tap up time for the auto sector, the upcoming monthly numbers to come some negative.

19) In future there will be upcoming new challenges for the market after 10th JUNE, should just wait & see.

20) UPCOMING WEEKLY ANALYSIS WILL BE POSTED SOON.


-REGARDS-
Kirthee Bane
capitoinvestments
https://capitoinvestments.in

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