2 mins Nifty Wrap

Technology 15 January 2021 5:10:PM


NIFTY ends the week below the 14500 mark….


  • The benchmark indices NIFTY and SENSEX ends the session on a bearish note with a loss of (-1.11%) and (-1.11%) respectively. The Bank Nifty moved in sync the indices and ended the session with a loss of (-0.84%).
  • The RSI (70.83) plotted on the daily time frame can be seen moving lower after forming a bearish hinge near the overbought level, indicating towards the possibility of the bears taking control of the trend.
  • On the sectoral front, all the sectoral indices ended the session in the red. The sectors leading the fall were NIFTY IT, NIFTY PSU BANKS and NIFTY REALTY
  • TECHM, HCLTECH and WIPRO were the losers that ended the session with a loss of (-3.95%), (-3.72%) and (-3.63%) respectively.
  • TATAMOTORS, BHARTIARTL and UPL were the outperformers and ended the session in the green with a gain of (6.65%), (3.95%) and (2.63%) respectively.


  • NIFTY SPOT: 14433.70 (-1.11%)
  • DYNAMIC PARAMETER: Nifty formed DOJI candle on weekly charts.
  • TRADING ZONE: Resistance: 14531 (Intraday resistance level) / 14617 (Daily high) Support: 14357 (Daily low) / 14221 (6 day low)
  • BROADER MARKETS: MIXED, MIDCAP 21934.25 (-1.06%), SMALLCAP 7401.60 (-1.07%), Advance-Decline: 547/1345
  • STRATEGY: Bearish below 14357 (Previous Week Low).