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Traders' Diary: Immediate support for Nifty at 14,900 and 14,800 levels - The Economic Times
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| 15 March, 2021, 05:28 AM IST | E-Paper
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Economic Times | 12 Mar, 2021 | 06.15PM IST

Traders' Diary: Immediate support for Nifty at 14,900 and 14,800 levels

Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

!1 New UpdateClick here for latest updates
05:42 PM

F&O: Nifty negates formation of higher lows of last 3 sessions; VIX rises sharply

The index formed a strong bearish candle on the daily chart and a Doji candle on the weekly scale. Nifty negated the formation of higher lows of last three sessions and wiped out the bullish momentum. Now, it has to decisively hold above 15,000 level to witness a bounce towards 15,200 and 15,300 levels, while on the downside immediate support exists at 14,900 and then 14,800 levels.
05:23 PM

Tech View: Nifty bulls run to save the 20-day EMA, upside capped

Mazhar Mohammad of Chartviewindia.in said Nifty50 seems to be moving sideways and is drawing support from its 20-day exponential moving average that stands at 14,957, as it bounced back after testing the said average in four out of last five sessions to Friday.
04:53 PM

Global markets have factored in the impact of a high fiscal stimulus from the US. However, high inflationary pressure stemming from the fiscal package could consequently lead to a sooner-than-expected tightening of the monetary policy, putting upward pressure on US yields and the dollar index, and will in-turn hurt the rupee. Rising oil prices are also hurting the sentiments for the domestic currency and stoking inflationary pressures. We think the rupee should trade with a depreciating bias and a fall towards 73.50 likely in the near term.

- Sugandha Sachdeva, Religare Broking

04:52 PM

Rupee ends 12 paise higher at 72.79 against dollar, extends gains to third straight day

The rupee advanced by 12 paise to close at 72.79 against the US dollar on Friday amid easing crude oil prices.
04:10 PM

How Sensex moved today

The S&P BSE Sensex index see-sawed in a range of 1,283.41 points today, hitting 50,538.43 and 51,821.84 at the weakest and strongest levels of the day, respectively.
How Sensex moved today
03:40 PM

CLOSING BELL | Sensex takes U-turn, plunges 487 pts as RIL, banks drag, Nifty50 holds 15K

VIX jumps 5%
03:27 PM

ITDC, Indiabulls Real Estate, APL Apollo worst hit among 308 laggards on BSE 500

Price as on 12 Mar, 2021 03:27 PM, Click on company names for their live prices.
02:47 PM

Nifty Bank index falls 1.53%, Nifty PSU Bank 1.95%

Price as on 12 Mar, 2021 02:47 PM, Click on company names for their live prices.
02:39 PM

Fear gauge VIX soars 9%

NSE's India VIX index -- which gauges the expectation of volatility in the near term -- traded 9.10% higher at 22.64 in late afternoon deals, almost at its intraday high of 22.67.
02:25 PM

RIL, financial stocks biggest drags on Sensex

Gains in Infosys and Power Grid, however, provided some respite to the index.
RIL, financial stocks biggest drags on Sensex
02:17 PM

RIL, ICICI Bank, Kotak Mahindra Bank top drags on Nifty

RIL, ICICI Bank, Kotak Mahindra Bank top drags on Nifty
02:15 PM

BREAKING | Sensex plunges over 1,000 points from day's high

Bajaj Auto, Maruti Suzuki and ICICI Bank were the top percentage losers in the 30-scrip Sensex index in late afternoon deals.
BREAKING | Sensex plunges over 1,000 points from day's high
01:48 PM

Rakesh Jhunjhunwala-backed Nazara Technologies fixes price band for IPO

The ace investor held 3,294,310 shares in the company as of September 30, according to the red herring prospectus.
Rakesh Jhunjhunwala-backed Nazara Technologies fixes price band for IPO
01:34 PM

Suryoday Small Finance Bank IPO to hit D-Street on March 17, price band fixed at Rs 303-305

Suryoday Small Finance Bank has fixed a price band of Rs 303-305 per equity share for its initial public offer which will hit the market on March 17.
12:28 PM

There is lack of momentum in the market. US markets reached an all-time high on March 11 as worries about rising inflation subsided. The sentiment in the market remains positive after the US jobless claims decreased. Asian markets also mostly trade in green on positive global cues. The market's nearest support would be 15,100-15,130, while 15,410-15,440 can act as resistance in a short period of time.

- Gaurav Garg, CapitalVia Global Research

12:24 PM

Arvind Fashions, Globe Textiles hit 52-week lows

Price as on 12 Mar, 2021 12:24 PM, Click on company names for their live prices.
11:30 AM

Nifty Bank rises 0.74% led by HDFC Bank, ICICI Bank

Price as on 12 Mar, 2021 11:30 AM, Click on company names for their live prices.
11:15 AM

92 stocks hit 52-week highs on NSE

Price as on 12 Mar, 2021 11:15 AM, Click on company names for their live prices.
10:43 AM

The USD-INR pair is getting support due to FPIs continuing to pump in dollars into the equity market, and the US bond yields falling on progress on the stimulus front... Technically, the USD-INR March Future closed flat at 73.13 in the previous trading session; the market could see bearish momentum up to 72.90 levels. The trend is positive until USD-INR futures close below the 72.75 level, below which, it may fall towards 72.20 in the coming sessions.

- Kshitij Purohit, CapitalVia Global Research

10:08 AM

Gold, silver futures ease 0.5%. Here's what analysts say

Gold and silver futures fell up to 0.5 per cent in Friday's trade, despite the ECB pledge on bond buying and optimism over US stimulus.
Gold, silver futures ease 0.5%. Here's what analysts say
09:58 AM

HDFC Bank, Infosys, ICICI Bank top boosts for Sensex

On the other hand, HUL and Kotak Mahindra Bank were the top drags on the 30scrip benchmark.
HDFC Bank, Infosys, ICICI Bank top boosts for Sensex
09:47 AM

The 'risk on' in global equity markets got another push with the passage of the $1.9 trillion fiscal stimulus in the US. Nifty is again likely to reach record highs. IT has been leading this leg of the rally. Now, financials may catch up. 'Buy on dips' has been a successful strategy so far. Now, since markets have run too much, at around 15,400 Nifty, it is better to take a pause rather than buy. Partial profit-booking also may be considered.

- VK Vijayakumar, Geojit Financial Services

09:36 AM

L&T, ONGC, NTPC, HDFC Bank gain around 2%

On the other hand, Bajaj Auto and Sun Pharma were the worst hit among eight laggards in the S&P BSE Sensex index.
L&T, ONGC, NTPC, HDFC Bank gain around 2%
09:31 AM

Buy Axis Bank, Siemens, Hindalco: Reliance Securities

Here are three intraday picks from Reliance Securities:

  • AXISBANK (PREVIOUS CLOSE: 761) BUY
For today’s trade, a long position can be initiated in the range of Rs 761- 757 for a target of Rs 783 with a strict stop loss at Rs 749.

  • SIEMENS (PREVIOUS CLOSE: 1905) BUY
A long position can be initiated in the range of Rs 1,905-1,895 for a target of Rs 1,960 with a strict stop loss at Rs 1,870.

  • HINDALCO (PREVIOUS CLOSE: 340) BUY
A long position can be initiated in the range of Rs 340-336 for a target of Rs 357 with a strict stop loss at Rs 328.
09:23 AM

Buy Airtel, Tech Mahindra, Cipla: Kotak Securities

Here are four trading calls from Kotak Securities:

  • Buy Bharti Airtel, target price Rs 540
  • Buy Tech Mahindra, target price Rs 1,040
  • Buy Cipla, target price Rs 840
  • Buy Bajaj Finance, target price Rs 5,710
09:21 AM

OPENING BELL | Sensex jumps 500 points, Nifty tops 15,300

ONGC, HDFC Bank rise 2% each
09:05 AM

Pre-open session: Sensex rises 150 points, Nifty tops 15,200

07:16 AM

SGX Nifty signals tepid start

Nifty futures on the Singapore Exchange traded 4 points, or 0.03 per cent, lower at 15,415 in signs that Dalal Street was headed for a tepid start on Friday.
07:15 AM

Tech View: Nifty sets sight at 15,220

Nifty50 took out its immediate resistance at 15,100 level on Wednesday, but formed a small bearish candle with a long lower wick, suggesting intraday selling got bought into. Analysts said the index seems to have won a mini-battle, but is still indecisive and needs to take out the 15,220 level for the positive momentum to sustain.
07:14 AM

Anupam Rasayan IPO to kick off today

Anupam Rasayan's Rs 760 crore IPO will open for subscription on Friday. The issue by the specialty chemicals company comprises entirely fresh issuance of shares, and is being sold in the Rs 553-555 price band. At the upper limit of the price band, the scrip is asking a PE of 95.2 times trailing 12-month basis, on restated EPS of Rs 5.80. This is significantly higher than the peer average of 33 times. Some analysts said the asking valuations exceed growth prospects.
07:14 AM

Asian markets rise in early trade

Asian stocks rose on Friday, following firm overnight leads from Wall Street and Europe as a further retreat in bond yields eased concerns about rampant inflation, restoring appetite for battered tech stocks. Japan's Nikkei 225 added 0.61 per cent, Hong Kong's Hang Seng index rose 0.15 per cent and Korea's Kospi added 1.40 per cent.
07:11 AM

US stocks settled at record high levels

The S&P 500 and the Dow closed at all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims. The Dow Jones Industrial Average rose 188.57 points, or 0.58 per cent, to 32,485.59, the S&P500 index gained 40.53 points, or 1.04 per cent, to 3,939.34 and the Nasdaq Composite added 329.84 points, or 2.52 per cent, to 13,398.67.
07:09 AM

DIIs buy Rs 448 crore worth stocks

Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 15.69 crore, data available with NSE suggested. DIIs were net buyers to the tune of Rs 447.67 crore, data suggests.
07:08 AM

Rupee settles at 72.91 against dollar

The Indian rupee recovered from the day's lows to end higher by a marginal 2 paise at 72.91 against the American currency on Wednesday, tracking positive investor sentiment globally in the wake of easing bond yields. At the interbank forex market, the local unit opened at 72.97 against the greenback and witnessed an intra-day high of 72.88 and a low of 73.10.
07:08 AM

Sensex, Nifty on Wednesday

The BSE gauge Sensex quoted 254.03 points or 0.50 per cent higher at 51,279.51 – taking its three-session gains to 874.19 points or 1.73 per cent. The NSE barometer Nifty closed higher by 76.40 points or 0.51 per cent at 15,174.80 – aggregating its three-day gains to 276.70 points or 1.85 per cent.
07:08 AM

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Good morning, dear reader! Here's something to kickstart your trading day
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