Page 3 - Dear Trader News Today

Nikhil Bhatt | Research Analyst - Benchmark indices Nifty Future & BSE Sensex made new all-time highs again and ended Tuesday’s trading session broadly in the green, , sensex, stockmarkets

Nikhil Bhatt | Research Analyst - Benchmark equity indices recorded fresh lifetime highs on Friday mainly because IT stocks benefited from increasing hopes that the US Federal Reserve would pause rate hikes, , equity markets

Nikhil Bhatt | Research Analyst - SEBI - Hotter-than-expected domestic inflation kept investors cautious as the blue chips trimmed intraday gains., , sensex

Nikhil Bhatt | Research Analyst - SEBI - On the daily chart, we are observing that buy on declines would be the prudent strategy as possibility of profit booking at higher levels cannot be ruled out which would offer incremental buying opportunity to ride next leg of up move…., , sensex, stockmarkets

On the chart pattern suggests that if Nifty future crosses and sustains above 14707 levels it would witness buying which would lead towards 14777- 14808 levels. However if index breaks below 14606 levels it would witness selling which would take towards 14570-14533., , sensex, stockmarket

Nikhil Bhatt | Research Analyst - SEBI - Major Key level for the index now rests around 15474 while on the flip-side 14909 has developed as an elevated support zone & a prudent stop for trading momentum., , sensex, stockmarkets, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - The recent consolidation in the index is in line with expectations and the market is expected to continue on bullish momentum based on current price action…., , sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - We expect some correction after each rally. We advise investors to use correction in the market as an opportunity to buy, on the other hand, traders should maintain extra caution due to the expected rise in volatility ahead., , sensex, Stock Market Daily Updates, stockmarket

Nikhil Bhatt | Research Analyst - SEBI - Overall we expect the market to continue its upward journey on the back of healthy corporate earnings, strong liquidity; positive developments on the vaccine front, broad based economic recovery and low interest rates., , stockmarket, sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - During the series, we saw decent profit booking along with few shorts in Nifty futures; whereas, in case of banking index meaningful shorts were added throughout the series. Rollovers in Nifty stood at 77%, which is in line with the three month averages., , sensex, Stock Market Daily Updates