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SENSEX: 34010.76 -286.71

NIFTY: 10452.30 -93.20

Market Outlook

Ventura Securities,

12.00 AM Jan 22nd

Support comes in at the 10783, 10665 while resistance comes in at the 10900, 11000 levels.

The Nifty has moved on expected lines, albeit with some volatility and the Bank Nifty has made a roaring comeback which in turn has inspired the Nifty to another fresh all time high and both have closed at all time highs. The strength reflected by the Bank Nifty still retains its potency indicating a further upside for the index which in turn could propel the former to greater heights. The Midcaps and Smallcaps have slipped into a small correction and have been relatively subdued. A Vix around 14 coupled with the derivative expiry could induce a bout of volatility while the outlook remains positive. Support comes in at the 10783, 10665 while resistance comes in at the 10900, 11000 levels.

Market Action

INDIAN INDICES

S&P BSE Auto24773.37-414.48
S&P BSE BANKEX28396.48-335.88
NIFTY BANK25163.90-260.40
S&P BSE Capital Goods19200.54-258.50
S&P BSE Consumer Durables20961.52-157.71
S&P BSE FMCG10537.88-60.20
S&P BSE Healthcare14267.46-82.37
S&P BSE IT12099.018.65
S&P BSE Metals15124.21-242.75
S&P BSE Oil and Gas15546.62-187.14
S&P BSE PSU8462.50-135.37
S&P BSE TECk6538.17-12.07
S&P BSE Smallcap18035.75-222.41
S&P BSE Midcap16602.35-200.89
Nifty MID100 Free19701.30-226.30

GLOBAL INDICES

EXCLUSIVE LIVE CHAT!

How are the markets looking?

Ranak Merchant, Technical Analyst

Day - 19th Feb. 2018
Time - 13.00hrs

View last chat transcript