• Classes(1st-5th)
    • Kindergarten
    • Class 1ST
    • Class 2ND
    • Class 3RD
    • Class 4TH
    • Class 5TH
  • Classes(6th-8th)
    • Class 6TH
    • Class 7TH
    • Class 8TH
  • Classes(9th,10th)
    • Class 9TH
    • Class 10TH
  • Classes(11th,12th)
    • Class 11th
      • Science Stream
      • Arts Stream
      • Commerce Stream
    • Class 12th
      • Science Stream
      • Arts Stream
      • Commerce Stream
  • Under Graduate
  • Post Graduate
  • Competitive Exams
  • Religious Sciences
    • Noorani Qaida
  • Computer Science
    • MACHINE LEARNING
    • Python
  • Blogs
  • Forums
  • Contact Us
Have any question?
+918825063816
admin@educasheer.com
RegisterLogin
eduCasheer
    • Classes(1st-5th)
      • Kindergarten
      • Class 1ST
      • Class 2ND
      • Class 3RD
      • Class 4TH
      • Class 5TH
    • Classes(6th-8th)
      • Class 6TH
      • Class 7TH
      • Class 8TH
    • Classes(9th,10th)
      • Class 9TH
      • Class 10TH
    • Classes(11th,12th)
      • Class 11th
        • Science Stream
        • Arts Stream
        • Commerce Stream
      • Class 12th
        • Science Stream
        • Arts Stream
        • Commerce Stream
    • Under Graduate
    • Post Graduate
    • Competitive Exams
    • Religious Sciences
      • Noorani Qaida
    • Computer Science
      • MACHINE LEARNING
      • Python
    • Blogs
    • Forums
    • Contact Us

    Market Insights

    • Home
    • Blog
    • Market Insights
    • MARKET OUTLOOK FOR 11th August 2021

    MARKET OUTLOOK FOR 11th August 2021

    • Posted by admin
    • Categories Market Insights
    • Date August 10, 2021
    • Comments 0 comment

    TODAY’S MARKET SNAPSHOT:

      NIFTY BANKNIFTY
    OPEN 16274.80 35954.55
    HIGH 16359.25 36317
    LOW 16202.25 35890.50
    CLOSE 16280.10 36034.10
    PREVIOUS CLOSE 16258.25 36028.95
    SUPPORT 16160 35600
    RESISTANCE 16360 36350
    VIEW Sell on Rise Positive

     

    Nifty remained volatile during last hour of the trading session on August 10. The nifty added 21.85 points and closed flat at 16280.10 while as the bank Nifty added 5.15 points and closed flat at 36034.10. The Sensex closed 151.81 points higher at 54554.66.

    On the sectoral front, buying was seen in IT, Service Sector and Fin Services while as selling pressure was seen in Metal, PSU Banks, Media, realty and Commodities.

    On the broader market front, the nifty midcap 100 index closed 1.09% lower and the nifty small cap 100 index closed 2.30% lower under-performing with the benchmark indices.

    The advance decline ration stood in the ratio of 1:5

    Nifty formed a Doji pattern on daily charts today. Nifty is likely to enter in a consolidation phase for 2-3 sessions before any directional move. Investors are suggested to remain neutral on nifty and remain stock specific for next 2-3 sessions. Ideally, Nifty has to hold above 16250 zones to witness an up move towards 16400, then 16500 zones while on the downside support is seen at 16160 and 16000 levels. Technically, the nifty index has been trading in a range and hasn’t broken its previous day low and sustained above the same one, which indicates bullish strength in the counter.

    Bank nifty is showing positive momentum on daily charts. Another scope of 1200-1500 points is still left with the bank nifty. Investors are suggested to initiate long positions on bank nifty for a target of 37000 in next few sessions. Buy every dip. Technically, the bank nifty index has been trading in a very narrow range and hasn’t broken its previous day low and sustained above the same one, which indicates bullish strength in the counter.

    TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)

    Symbol LTP %Chng Volume
    BHARTIARTL 621.90 3.78 3,38,78,294
    TECHM 1,323.00 2.76 63,14,469
    HDFC 2,671.00 1.80 46,90,741
    KOTAKBANK 1,810.00 1.63 45,94,848
    M&M 785.65 1.38 47,24,852
    Symbol LTP %Chng Volume
    SHREECEM 27,129.00 -4.05 1,23,170
    JSWSTEEL 720.50 -3.59 63,82,357
    TATASTEEL 1,372.15 -2.84 84,51,623
    HINDALCO 425.05 -2.22 1,04,17,993
    POWERGRID 172.80 -2.07 89,43,948

     

    ANALYSIS OF TODAY’S DERIVATIVE DATA for August 12 Expiry

    1. NIFTY

    As per today’s option chain data, strong resistance for nifty exists at 16400 level while as strong support exists at 16200 level. The call writing was seen at 16400, 16450 and 16500 strike prices while as put writing was visible in today’s trade at 16200, 16100 and 16000 strike prices.

    1. Bank Nifty

    As per today’s option chain data, Strong resistance for bank nifty exists at 36500 level while as strong support exists at 35500 level. significant call writing seen in today’s trade was seen at 36500 while no significant put writing seen in today’s trade.

    MAXIMUM PAIN OPTIONS FOR August 12 EXPIRY

    NIFTY 16300
    BANK NIFTY 36500

     

    Sectors to watch out for tomorrow

    1. Nifty Metal
    2. Nifty Pharma
    3. Nifty Realty

    Stocks to watch out for tomorrow:

    1. TechM
    2. VSSL
    3. Grasim

    “Follow our telegram channel “Wealth Creator”.

    For exact entry and exit levels, you can mail me at investor0007@hotmail.com

    • Share:
    author avatar
    admin

    Previous post

    MARKET OUTLOOK FOR 10th August 2021
    August 10, 2021

    Next post

    MARKET OUTLOOK FOR 12th August 2021
    August 11, 2021

    You may also like

    edu (2)
    MARKET OUTLOOK FOR 27th August 2021
    27 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 26th August 2021
    26 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 25th August 2021
    24 August, 2021

    Leave A Reply Cancel reply

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

    Search

    Categories

    • Exams
    • Founder Of Educasheer
    • IISc Blogs
    • Machine Learning
    • Market Insights
    • Our Motive
    • Tech Blogs
    • Uncategorized
    Python – Beginner to Advance

    Python – Beginner to Advance

    Free
    Learn to read and write English language-taught in kashmiri

    Learn to read and write English language-taught in kashmiri

    Free
    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Free

    ©2021 eduCasheer.com

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now