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Technical Analysis, Nifty Tips, Price Target, Support, Resistance, Charts of NSE nifty


Latest Updates on CNX Nifty

Nifty on 23rd February 2017 closed with a marginal gains, index opened 8956.40, high 8982.15, low 8927.55 ad closed at 8939.50,  up by 12.60 pts (+0.14%). It saw an intraday movement of about 54.60pts. Some of the major gainers were Shree cements, Idea Cellular, Bharti Airtel, Reliance Communications, TCS, Wipro and INFY. Asian markets also traded mixed as investors digested the minutes of the Federal Reserve's January policy meeting.

Nifty on 22nd February 2017 witnessed good movement because of Reliance Industries which was up by 10.96%, stock is on its 8 years high. Nifty index opened 8931.50, high 8960.75, low 8907.85 and closed at 8926.90. Nifty up by 19.05 pts (0.21%). Technically it has formed doji candle pattern. This indicates change in trend with sharp movement can be seen in coming days. Some of the major gainers were Shree Cements (2.48%), Reliance Inds (10.96%), KTK Bank (4.20%), Axis Bank (4.15%), IDEA Cellular (3.92%), Apollo Hospitals (3.29%). Some of the losers were Titan (-3.78%), NTPC (-3.36%), BEL (-3.18%) and Ashok Leyland (-2.73%).

Technical chart indicates that Nifty is finding strong resistance @ 8968 its previous top, if it fails to close above then correction expecting.

Nifty on 22nd February 2017 witnessed good movement because of Reliance Industries which was up by 10.96%, stock is on its 8 years high. Nifty index opened 8931.50, high 8960.75, low 8907.85 and closed at 8926.90. Nifty up by 19.05 pts (0.21%). Technically it has formed doji candle pattern. This indicates change in trend with sharp movement can be seen in coming days. Some of the major gainers were Shree Cements (2.48%), Reliance Inds (10.96%), KTK Bank (4.20%), Axis Bank (4.15%), IDEA Cellular (3.92%), Apollo Hospitals (3.29%). Some of the losers were Titan (-3.78%), NTPC (-3.36%), BEL (-3.18%) and Ashok Leyland (-2.73%).

Technical chart indicates that Nifty is finding strong resistance @ 8968 its previous top, if it fails to close above then correction expecting.

Nifty on 17-02-17 hits its 5 months high, stock like HDFC Bank and ICICI Bank helped nifty to touched its new 5 months high. HDFC and touched its all time high Rs.1454 after the private sector lender crossed overall limit of 74% of its paid up capital. Some other gainers were Sun Pharma 4.3%, ICICI Bank 1.52%, Cipla 3.67%. Some losers were Hindalco -2.13% and Idea Cellular -1.67%. If we talk about turnover in NSE then stocks like HDFC Bank, Idea cellular, ICICI Bank, AXIS Bank and SBI were the most active stocks.

Nifty on 16-02-17 closed with a gain of 53.30 pts at 8778 (0.61%). The sector contributed on this rise mainly arr IT and pharma, TCS (+1.41%), Tech Mahindra (+1.79%), Wipro (+1.29%) and Infosys (+3.09%). From pharma pack, Aurobindo Pharma (+3.33%) and Divis labs (+3.34%). Technically nifty moving up from 20 DMA, and intraday will find resistance around 8827, if it holds above then price rise expecting.

Nifty on 15th February 2017 witnessed selling pressure from highs, nifty fell -67.60 pts (-0.77%) and closed at 8724.70. Nifty today made a two weeks low and selling mainly comes due to poor corporate results, companies like TATA Motors (-9.46%), Aurobindo Pharma (-3.39%) and Sun Pharma (-4.04%). Technically also nifty witnessing selling from resistance @ 8826 and further weakness expecting in tomorrows trading too.

On 02nd February 2017 NSE Nifty continue to bulls rally and made a 4 months high but failed to close above 8750 level and closed at 8734.25, intraday it touched at 8757.60. Nifty index rose up by 17.85 pts (0.20%) Major gainers were Aurobindo pharma (3.26%), Dr Reddys labs (3.19%), Tech Mahindra (2.54%) and losers were M&M (-2.88%), ACC (-2.5%) and Yes Bank (-1.85%).

On 01st February 2017 NSE Nifty index moved above 8700 mark after budget announced by finance minister, this is the first time since October 25, 2016 that index has touched this mark. NSE nifty 50 index closed 8716.40 up by 1.81% (+155.10). Irrigation and fertilizers shares were the main gainer, they gained around 3% to 7%. Share of auto stocks also joined the rally, shares like TATA Motors, M&M, TVS Motors, Hero Motocorp rose by 2% to 5%.
Overall market welcome the budget and further bulls action is expecting in coming days.

As on 31-01-16 11:27am, Nifty is down by 47.15 pts, index is still trading below 8600, market is in jitter mood because of budget session and economic survey. Some of the major gainers are Idea cellular, Bharti Airtel and losers are TCS, Tech Mahindra and Wipro.