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2 mins Nifty Wrap

Technology 14 July 2020 5:34:PM

 NIFTY breaches last week Low….

Highlights

  • Nifty and SENSEX ended the session with a loss of (-1.79%) and (-1.8%) respectively.
  • The RSI (59.14) has formed a bearish hinge and moved lower towards the 50 level, indicating exhaustion in the bullish momentum in the prices.
  • On the sectoral front 10 out of 11 sectoral indices ended the session in the red, the banking space was the highest laggard with the NIFTY PVT BANK, NIFTY BANK and the NIFTY PSU BANK ending the session with a highest loss of  (-3.32%), (-3.16%) and (-3.14%) respectively.
  • The NIFTY PHARMA was the only outperformer and ended the session with a gain of (0.48%)
  • On the stocks front the NIFTY Heavy weight like INDUSINDBK, AXISBANK and EICHERMOT were the highest losers and ended the session with a loss of (-5.49%), ((-4.9%) and (-4.47%) respectively.
  • DRREDDY, TITAN and BHARTIRTL were the outperformers and ended the session with a gain of (1.94%), (0.92%) and (0.27%) respectively.

Technical

Ø NIFTY SPOT: 10607.35 (-1.81%)

Ø DYNAMIC PARAMETER: Nifty corrected after facing rejection near the 200 Day SMA (10876).

Ø TRADING ZONE: Resistance: 10755.65 (Daily high)/ 10894 (2 Day High). Support: 10553 (Previous Swing high), 10472 (20 Day SMA)

Ø BROADER MARKETS: OUTPERFORMED, MIDCAP 15052.35 (-1.08%), SMALLCAP 4799.85 (-1.49%), Advance-Decline: 481/1368

Ø STRATEGY: Bearish below 10553 (Previous Swing high).

Relative Mcap Gainers - Losers

Ticker

Close

1DChg

1D%

5D%

10D%

1M%

NIFTY

10607.35

-207.85

-1.92

-1.78

2.96

5.58

Nifty 100

10768.60

-197.45

-1.80

-1.73

2.69

5.25

Nifty 200

5492.30

-96.75

-1.73

-1.76

2.65

5.35

Nifty 500

8693.35

-149.95

-1.70

-1.77

2.58

5.53

NIFTY MIDCAP 100

15052.35

-173.45

-1.14

-2.03

2.37

6.24

NIFTY MIDCAP 150

5721.95

-66.65

-1.15

-2.35

1.70

6.27

NIFTY MIDSML 400

5171.45

-63.80

-1.22

-1.97

2.10

6.72

Nifty Midcap 50

4180.15

-78.30

-1.84

-3.07

2.10

6.08

Nifty Next 50

26016.90

-282.15

-1.07

-1.42

1.06

3.39

NIFTY SMLCAP 100

4799.85

-74.70

-1.53

-0.82

4.01

8.74

NIFTY SMLCAP 250

4190.50

-58.40

-1.37

-1.09

19.66

27.00

NIFTY SMLCAP 50

2252.60

-35.05

-1.53

-1.05

20.51

28.91

About The Author

Research Team

GEPL Capital Private Limited operates as a brokerage firm. The Company buys and sells equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate fixed deposits, as well as provides online trading platform. GEPL capital serves customers in India.