However, the Index needs to forming Higher High and Higher lows on the daily chart to remain intact in up-trend," says Manish Yadav, Head of Research, CapitalAim..According to analysts, crude oil is creating havoc among the markets.About 1132 shares advanced, 1380 shares declined, and 147 shares were unchanged.. The broader markets performed largely in-line with the benchmark with the Mid-Cap and Small-Cap both ending on a flat note.Maruti Suzuki, Yes Bank, Tata Steel, IndusInd Bank and Hero Motocorp were top losers on the Nifty, while ONGC, Zee Entertain-ment, Sun Pharma, Bajaj Finance and Reliance Industries were the major gainers.50 points at 11576 on Tuesday.Nifity is on a correction mode for a short term period as the rise in crude oil prices, fallen of Rupee and surge of India VIX is putting pressure on benchmark indices.. Going forward we expect 11550 is the crucial support level."We expect the current corrective decline to mature in the coming one or two sessions. India is one of the key importers of Iranian oil and hence the developments on the sanction waiver would be closely monitored along with currency movement.

The broader markets performed largely in-line with the benchmark with the Mid-Cap and Small-Cap both ending on a flat note.https://www.cjscrewbarrel.com/product/injection-molding-barrel-screw/ screw barrel of injection moulding machines Suppliers On the flipside, 11653 followed by 11705 remain to be immediate hurdles," said Sameet Chavan Chief Analyst-Technical and Derivatives, Angel Broking. However, as the sudden spike in oil is mainly led due to fear of limited inventory, this speculation will be short-lived and will not have a long-term impact on stocks until oil levels touch extremes of 100/barrel. On the global front, crude oil is trading at 2019 highs.Apr 24.It was a volatile trading session, after opening on a positive note led by stable global cues, selling emerged in the last hour of trade.Technical Vew"At this juncture, traders are advised to see how Index behaves around 11549 and a violation of the same on a sustainable basis could trigger further correction towards 11475 - 11400 or may even get worsen.Market View"We expect the markets to continue to remain volatile in the near term given the earnings outcome and central election progress. Oil marketing companies, paints and aviation are some sectors which will face the heat due to the volatility in oil prices.Analysts are expecting volatility in couple of days ahead of the April series expiry.

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