LOADING

2 mins Nifty Wrap

Technology 04 August 2020 6:15:PM

NIFTY manages to recapture the 11000 mark

Highlights

  • The NIFTY and the SENSEX ended the session with a gain of (1.94%) and (2%) respectively.
  • The RSI (59.21) formed a bullish hinge near the 50 level, indicating the presence of bullish momentum in the prices.
  • On the sectoral front 10 out of 11 sectoral indices ended the session in green. Among the leaders were NIFTY MEDIA, NIFTY FIN SERVICES and NIFTY PVT BANK which ended the session with a gain of (3.89%), (2.29%) and (1.99%) respectively.
  • Nifty IT was the only underperforming sectoral and ended with a loss of (-0.7%)
  • On the stocks front the NIFTY Heavy weight like RELIANCE, ZEEL and HDFCBANK were the highest gainers and ended the session with a gain of (7.44%), (6.34%) and (3.78%) respectively.
  • TECHM, BPCL and INDUSIND were the laggards and ended the session with a loss of (-2.87%), (-2.30%) and (2.03%) respectively.

Technical

Ø NIFTY SPOT: 11102.85 (1.94%)

Ø DYNAMIC PARAMETER: Nifty witnessed a sharp bounce from the 10900 levels.

Ø TRADING ZONE:  Resistance:11150 (3 day high) / 11185 (key resistance level). Support: 10974 (20 day SMA), 10908 (Day low)

Ø BROADER MARKETS: UNDERPERFORMED, MIDCAP 15635.75 (1.08%), SMALLCAP 5113.90 (1.41%), Advance-Decline: 1186/626

Ø STRATEGY: Bearish only below 10865 (200 Day SMA).

Relative Sectoral Gainers – Losers

Ticker

Close

1DChg

1D%

5D%

10D%

1M%

Nifty Auto

7352.65

110.65

1.53

-0.87

0.78

9.43

Nifty CPSE

1407.00

7.55

0.54

-2.07

-2.21

-2.33

Nifty Commodities

3020.15

28.80

0.96

-1.15

0.66

5.60

Nifty Consumption

4963.10

47.35

0.96

-0.43

-0.12

3.54

Nifty Energy

15417.85

397.85

2.65

-3.65

-0.26

7.09

Nifty FMCG

30873.10

87.25

0.28

-0.12

-1.30

2.69

Nifty Fin Service

10706.40

211.60

2.02

-3.17

-5.40

1.37

Nifty MNC

13631.25

72.95

0.54

0.14

-0.46

3.06

Nifty Media

1321.45

50.00

3.93

-0.59

-2.86

-1.63

Nifty Metal

2176.15

23.10

1.07

1.63

2.72

9.28

Nifty PSU Bank

1422.05

2.85

0.20

1.70

-3.40

-0.41

Nifty Pharma

11323.90

173.40

1.56

11.81

11.52

13.41

Nifty Pvt Bank

11721.70

190.60

1.65

-3.57

-6.15

0.00

Nifty Realty

201.90

3.40

1.71

1.84

0.40

-0.37

Nifty Serv Sector

14391.55

157.55

1.11

-2.77

-3.18

5.36

NIFTYINFRA

3169.95

57.60

1.85

-1.52

0.42

4.54

NIFTYIT

17840.15

-116.35

-0.65

-1.12

3.28

20.91

NIFTYPSE

2465.50

1.90

0.08

-3.92

-4.74

-1.14

BANKNIFTY

21487.45

352.10

1.67

-2.79

-5.68

0.55

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.