tradewithvolume Nifty futures on Friday (12th Jan) remained bullish to close at 21947, gaining around 1.14% for the day. The major gainers were Infosys (7.93%), ONGC(5.45%), and Tec Mahindra(4.69%). The advance to decline stood at 32:18 for the day. The volume for the day stood at 7.546 million, which was above the average volume. The cumulative … Read more
Nifty futures on Wednesday (10th January 2024) recovered the initial losses and breached the intraday high to close around day’s high at 21709.1 with a gain of 0.43%.The major gainers for the day were Cipla(3.09%), Adani Ent(2.77%) and Reliance(2.7%) and the major losers were ONGC(-2.1%) and Divislab(-2.06%).For the day, advance to declines in Nifty 50 … Read more
On Monday, the Nifty futures did not behave as expected and lost around more than 1% to close at 21568.Among the biggest losers for the day were SBI(-2.33%), SBILife(-2.28%), and DivisLab(-2.01%).With Monday’s fall, the index futures closed below the 40 SMA (equivalent to 200 SMA in 25-minute charts) for the first time since November 2023, … Read more
Last Friday (5th January 2024), Nifty 50 futures experienced turbulent intraday movements but closed flat at 21793.95. The major gainers were Adani Ports (2.79%) and TCS(1.94%) respectively whereas major losers were Nestle(-1.67%) and Britannia(-1.66%). On Friday the volumes remained subdued at 6.75 Million as the index failed to breach the resistance traded flat. The open … Read more
Nifty futures on 4th January remained bullish to close at 21807, gaining more than 180 points. The bullishness for the day may be attributed to the upward movement experienced by the largest cap stocks in Nifty such as HDFC Bank and Reliance which moved by 1.07% and 0.52% respectively. On Thursday, the volumes remained subdued … Read more
Nifty futures on 2nd January moved as expected and lost around 0.6% to close around 21756. The major laggards in the index were Eichermotors, Mahindra & Mahindra, and Ultra Tech Cements, which lost 3.6%,2.77%, and 2.48% respectively. On Tuesday the volumes picked up as the index futures fell. It stood at 8.392 Million much higher … Read more
Nifty futures on the first trading day of the year, failed to capitalize on the initial momentum and experienced some selling at higher levels to close almost flat at 21888.9, a gain of 0.01%. The major gainers of the day were Nestle (2.98%) and Adani Enterprises (2.4%) whereas the major losers were Eicher Motors (-2.54%) … Read more
Nifty futures experienced some profit booking at higher levels on Friday to lose around 0.3% and close around 21999. The major laggards for Nifty were BPCL, ONGC, and SBI which lost around 3.25%, 1.56%, and 1.44% respectively. On Friday the volumes experienced a dip (though higher than long term average) at 6.354M with the onset … Read more
Nifty remained flat on Friday(22nd Dec) as traders refrained from taking up new positions before the onset of an extended weekend. The index futures experienced some buying as the index futures closed with a profit of 0.24%. The major winners on Friday were Wipro(+6.6%)and HCL tech (2.86%). On Friday the volumes remained fairly high at … Read more
Nifty futures experienced heavy selling today as FII became net sellers for the day. Major sectors that experienced their onslaught were PSU Banks, Metals, and Auto. Each of these sectors fell by 4.04%,3.82%, and 2.28% respectively. The major Nifty 50 losers were Adani stocks (Adani Ports and Adani Ent.) losing 5.76% and 5.35% respectively. Nifty … Read more