Nifty futures closed at a positive 15,099 level
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Nifty futures closed at a positive 15,099 level

Nifty

Nifty futures closed at a positive 15,099 level with a gain of 0.70%. Exclusive shares, Tata Chemicals NSE 8.97%, Coal India, UPL, Torrent Power NSE 6.63%, BPCL, PEL, Hindalco, NTPC, RIL, BEL, Tata Motors NSE 3.5 %%, Voltas, IndusInd Bank NSE Was seen 3.71%, HPCL NSE 3.15%, L&T Finance, Muthoot Finance, Tata Steel and Grasim but weak in Marico, Nestle India, Kotak Bank, Diy Labs and Pidilite Industries NSE -0.3%.

The Nifty opened higher on Thursday but failed to stay above the 15,150 level and a rangebound movement was seen. The February F&O series ended on a positive note and the index remained above the 15,000 level. It consolidated over a wide trading range for the most part of the session and closed near the opening level with a gain of about 110 points.

Bank Nifty

The bank Nifty opened with a gap but failed to cross its barrier at the 37,250 level, and gradually subsided. After a quick rally in the previous session, the banking index breathed a sigh of relief and closed a flat note with a gain of nearly 100 points. This constituted a bearish candle on the daily scale but continued to create high highs and lows for the last two seasons. Now to see a jump towards the 37,000 and 37,250 levels, it has to be placed above the 36,000 level, while on the downside, support is present at the 36,000 and 35,700 levels.

Asia

The Shanghai Composite Index rose 0.9% to 3,597.01 and the Nikkei 225 in Tokyo rose 1.5% to 30,125.89.

The Hang Seng rose 2% to 30,301.64 in Hong Kong when the region’s government projected more coronavirus assistance and economic growth of at least 3.5% this year.

Kospi rose 3.3% to 3,056.22 in Seoul after the Bank of Korea kept interest rates unchanged and projected a 3% annual growth rate.

Sydney’s S&P-ASX 200 opened 0.8% at 6,834.00 and India’s Sensex opened 0.9% at 51,243.19. New Zealand retreated as it advanced into the Southeast Asian markets.

US

Overnight, Wall Street’s benchmark S&P 500 index rose 1.1% to 3,925.43. The Dow climbed 1.4% to 31,961.86. The Nasdaq Composite rose 1% to 13,597.97.

Energy

In energy markets, benchmark US crude on the New York Mercantile Exchange rose 14 cents to $ 63.36 a barrel. The contract rose from $ 1.55 to $ 63.22 on Wednesday. Brent crude used to price international oils stood at 21 cents to $ 66.39 a barrel in London. It advanced from $ 1.67 to $ 67.04 in the previous session.

Currency

The dollar was down to 105.88 yen against Wednesday’s 105.95 yen. The euro rose from $ 1.2148 to $ 1.2180.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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