• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Wednesday, August 17, 2022
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Sensex reclaims 46,000, adds 2% this week; check key resistance, support levels for Nifty

by The Outlooker Web Desk
December 11, 2020
in Business
0
Sensex reclaims 46,000, adds 2% this week; check key resistance, support levels for Nifty
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

The markets closed marginally higher in the last trading day of the week from the previous day’s closing, after remaining quite volatile

Domestic equity market benchmarks BSE Sensex and Nifty 50 ended Friday’s volatile session in the green led by buying in metal and bank stocks. BSE Sensex ended 139 points or 0.30 per cent up at 46,099, while the Nifty 50 index gained 35.55 points or 0.26 per cent to settle at 13,514. In the broader market, S&P BSE MidCap index gained 0.15 per cent or 26.06 points to end at 17,521 while S&P BSE SmallCap index jumped over half a per cent or 90 points to settle at 17,553. During intraday, The 30-share Sensex hit a record high of 46,309.63 while the broader Nifty 50 index scaled to an all-time high of 13,579.35. Headlines indices added 2 per cent during this week.

Joseph Thomas, Head of Research – Emkay Wealth Management.

“The markets closed marginally higher in the last trading day of the week from the previous day’s closing, after remaining quite volatile and slipping into the red for a while during the trading session. There has been continued selling and profit booking from domestic investors. The tech and auto index closed in the red with no fresh factors for a broader upward movement in the market.”

Nagaraj Shetti, Technical & Derivatives Analyst, HDFC Securities Ltd

“The short term trend of Nifty is range bound with volatility. The present consolidation movement could eventually result in an upside continuation by next week. A sustainable upmove above 13600 levels is expected to pull Nifty towards 13900 levels in the near term. Immediate support is placed at 13400.”

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

“The index tested the lower end of the range again; 13400-13700 is the range for this market and this is also a stiff resistance zone. We will breakdown only if 13300-13350 is broken and we will see a renewed rally up only post a closing above 13700. Until then traders should trade cautiously with strict stop-loss levels.”

Vinod Nair, Head of Research at Geojit Financial Services

“Market opened well, but in between it lost all the gains and turned negative, fortunately in the last trading minutes, it made a good attempt to bounce back and closed marginally above. Gains made in sectors like Energy, FMCG and Metals were countered by selling in Pharma and IT stocks. This muted momentum was due to a weak global trend. Despite European Central Bank’s announcing an increase in the stimulus package, European markets fell as it was over weighed by increasing chance of a no-deal Brexit, rising virus cases and moderate usages of the announced stimulus plan. Instability was also seen in the US market with a sudden spike in the volatility index (VIX) and selling in tech stocks.”

S Ranganathan, Head of Research at LKP Securities

“A volatile trading session to end the week well over 46k as we witnessed a renewed interest in PSU names across sectors on hopes of divestment and dividend expectations from cash-rich PSU companies. Bouts of profit booking was seen in afternoon trade across sectors and stocks which seems healthy for the markets.”

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Sharad Pawar Tells Centre On Farmer Protest

Sharad Pawar Tells Centre On Farmer Protest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon
National

4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon

August 17, 2022
Jaipur Man Accuses Business Partner Of Raping, Killing His Wife: Police
National

6-Year-Old Girl Raped, Murdered In Haryana’s Panipat, Accused Arrested: Cops

August 17, 2022
Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech
National

Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech

August 16, 2022
MK Stalin’s DMK Goes To Supreme Court, Challenges Definition Of Freebies
National

MK Stalin’s DMK Goes To Supreme Court, Challenges Definition Of Freebies

August 16, 2022

Connect with us

No Result
View All Result

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • 4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon
  • 6-Year-Old Girl Raped, Murdered In Haryana’s Panipat, Accused Arrested: Cops
  • Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.