• 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 24th August 2021

    MARKET OUTLOOK FOR 24th August 2021

    • Posted by admin
    • Categories Market Insights
    • Date August 24, 2021
    • Comments 0 comment

    TODAY’S MARKET SNAPSHOT:

    NIFTY

    BANKNIFTY

    OPEN

    16592.25

    35424.20

    HIGH

    16592.50

    35427.40

    LOW

    16395.70

    34817.50

    CLOSE

    16496.45

    35124.40

    PREVIOUS CLOSE

    16450.50

    35033.85

    SUPPORT

    16340

    34800

    RESISTANCE

    16600

    35440

    VIEW

    NEGATIVE

    NEGATIVE

    Nifty closed the volatile session on August 23 on a positive note. Nifty failed to hold the gains made in the opening and traded volatile throughout the trading session. Tomorrow the volatility is expected to continue and nifty has to defend towards low. In case nifty fails to hold 16400 tomorrow, then you can short nifty for a target of 16100 in coming sessions. Technically, it is a sell on rise market and every rise should be viewed as an opportunity to exit from the long positions. Be stock specific. As it is an expiry week, hence volatility will be high on both sides.

    Bank nifty is looking very negative from these levels. One should book profits at these levels. If bank nifty breaks 34800 on closing basis, then it is most likely to hit 34200 in next few sessions. Avoid bank nifty as there is a possibility of heavy correction.

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

    TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)

    Symbol

    LTP

    %Chng

    Volume

    HCLTECH 1,165.00 4.26 93,83,444
    TCS 3,635.00 2.12 37,44,100
    NESTLEIND 19,967.00 2.02 1,48,742
    BAJAJFINSV 15,260.30 1.88 3,26,662
    ONGC 111.95 1.59 1,68,86,025

    Symbol

    LTP

    %Chng

    Volume

    GRASIM 1,438.00 -3.14 11,63,723
    ADANIPORTS 668.10 -2.78 66,36,452
    M&M 764.95 -2.63 25,12,852
    EICHERMOT 2,541.05 -2.33 12,71,377
    BAJAJ-AUTO 3,667.00 -2.25 4,55,638

    ANALYSIS OF TODAY’S DERIVATIVE DATA for August Expiry

    1. NIFTY

    As per today’s option chain data, strong resistance for nifty exists at 16600 level while as strong support exists at 16400 level. The call writing was seen at 16600, 16700 and 16800 strike prices while the mild put writing was seen at 16500 which signifies weakness in the market.

    1. Bank Nifty

    As per today’s option chain data, Strong resistance for bank nifty exists at 35500 level while as strong support exists at 35000 level. Significant call writing seen in today’s trade was seen at 35200, 35300 and 35500 strike prices while put writing seen in today’s trade at 35000 strike price.

    MAXIMUM PAIN OPTIONS FOR August EXPIRY

    NIFTY

    16500

    BANK NIFTY

    36500

    Sectors to watch out for tomorrow

    1. Nifty IT

    2. Nifty Pharma

    3. Nifty Auto

    Stocks to watch out for tomorrow:

    1. SunTv Network – Sell

    2. Mindtree- Buy

    3. Tejas Network- Buy

    “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 23rd August 2021
    August 24, 2021

    Next post

    MARKET OUTLOOK FOR 25th August 2021
    August 24, 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