Nifty Honeymoon Period Over: This week was one for the record books. We saw the largest range for a day after about nearly two years. The last time around when the Nifty dropped more than 5% (and Bank Nifty 6%) was back in March 2020.
Sensex / Nifty Future
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Nifty to Face Major Hurdles at 17810 Mark
“Volatility could be the hallmark until investors are certain that Russia will not invade Ukraine. Nifty will face major hurdles at 17810 mark and would gain strength only above 17810 mark. Intraday hurdles at 17420mark. For the day, support seen at 17208 and then at 17057. Expect waterfall of selling now only below 16800 mark.”
Nifty resistance at 17800 for this week’s F&O expiry
On the technical aspect, the three days of continuous buying spree indicates the market uptrend, wherein the key indicators have also turned bullish. As far as levels are concerned, the base for Nifty inched higher to 17500 followed by 17300 on an immediate basis. On the flip side, as the market gains momentum, the recent swing high of 17800 should easily be tested and any breach above the same could direct the index towards the psychological junction of 18000.
Max Healthcare To Acquire Stake In Eqova Healthcare
Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.
- Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
- The acquisition of remaining equity stake will be completed in a phased manner.
- Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.
Bank Nifty Jumps 0.8%
Nifty sectoral indices were trading with gains. Bank Nifty was up nearly 1%. Nifty Auto, Nifty IT, Nifty Media, Nifty Realty indices gained up to 1.5 per cent
Nifty Options Data Show 17100—18000 Trading Zone
Nifty Options Data Show 17100—18000 Trading Zone: Equity benchmarks logged gains forthe week, after two consecutive weeks of decline, amid rising concerns overtapering and volatility in global-equities.
Sensex, Nifty Open Higher; Banking Stocks Lead Advance
India’s stock benchmarks advanced, aided by gains in telecom, banking, power stocks, amid recovery in U.S. equities as Federal Reserve officials favoured measured policy tightening.
Nifty 17600 possible if index holds above 16800 post Budget
Key thing to monitor in the next week is that Nifty holding above 16800 post the Union Budget 2022 amid oversold conditions would open the doors for a technical pullback towards 17600.
Sensex Sheds 1,000 Points; Nifty Slips Below 17,000 [27-01-2022]
India’s stock benchmarks declined, dragged by losses in information technology, banking, metal and consumer durables stocks after Federal Reserve Chair Jerome Powell signalled a March interest-rate liftoff and the hinted at the possibility of hikes at each policy meeting.
Sensex, Nifty Off Day’s Low; Jyothy Labs Q3 Net Income Meets Estimate
India’s stock benchmarks recovered from day’s low, but still traded with losses, dragged by losses in information technology, banks, consumer durables, metals and healthcare stocks. The S&P BSE Sensex and NSE Nifty 50 look on course to log the worst week in nearly two months.