Stock Market Daily Updates: 9 Aug 2021


FII-foreign institutional traders, international portfolio investors-FPIs, on Friday noticed a internet offered of Rs 69.37 crore within the money section. A complete of Rs 6580.42 crore was offered towards a complete buy of Rs 6511.05 crore. DII-domestic institutional traders at this time noticed a internet offered of Rs 631.00 crore within the money section. A complete of Rs 7070.14 crore was offered towards a complete buy of Rs 6439.14 crore.

As the market has been within the overbought zone it won’t take lengthy for the situation to develop into troublesome to promote once more in a sudden correction. So that warning will likely be crucial. Investors can ebook revenue in a small portion of their portfolio.

Ø INDEX MOVEMENT – 09.08.2021

Ø Nifty Future closed @ 16251 as on 06.08.2021..!!

Dear Traders,

Nifty Future has resistance at 16288 – 16303 Point; above which different resistance ranges are at 16330 – 16373 Point with extremely Volatile Trend,

Nifty Future has Downside help ranges are at 16232 – 16202 Point; under 16202 Point, different help ranges are at 16173 – 16160 Point.

I’m optimistic for the following bullish pattern solely above @ 16373 Point however be with the pattern. Let the market determine additional strikes. As we’re saying from many days, Buying is recommended in falls solely…and it’s nonetheless a greater technique within the given Scenario, relating to Long time period positions, it’s preferable to stay cautious now…!!

If Nifty Future crosses @ 16373 Point, once more then the higher facet goal is sort of excessive and it could contact @ 16404 Point within the brief time period…!!!

Ø Bank Nifty Future closed @ 35941 as on 06.08.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 36188 – 36303 Point; above which different resistance ranges are at 36373 – 36404 Point with extremely Volatile Trend,

Bank Nifty Future has Downside help ranges are at 35930 – 35808 Point; under 35808 Point, different help ranges are at 35707 – 35676 Point.

I’m optimistic for the following bullish pattern solely above @ 36373 Point however be with the pattern. Let the market determine additional strikes. As we’re saying from many days, Buying is recommended in falls solely…and it’s nonetheless a greater technique within the given Scenario, relating to Long time period positions, it’s preferable to stay cautious now…!!

If Bank Nifty Future crosses @ 36373 Point, once more then the higher facet goal is sort of excessive and it could contact @ 36404 Point within the brief time period…!!

Ø Trading Idea for the by-product shares….

Ø PIDILITE IND. @ Positive Trend @ Rs 2202 with Stoploss of Rs @ 2180 for the Target close to @ Rs 2263 – 2270 briefly time period…..!!!

Ø INFOSYS LTD @ Positive Trend @ Rs 1630 with Stoploss of Rs @ 1616 for the Target close to @ Rs 1673 – 1680 briefly time period…..!!!

Ø ADANI ENT. @ Positive Trend @ Rs 1515 with Stoploss of Rs @ 1490 for the Target close to @ Rs 1560 – 1577 briefly time period…..!!!

Ø BHARAT FORGE @ Positive Trend @ Rs 767 with Stoploss of Rs @ 760 for the Target close to @ Rs 793 – 803 briefly time period…..!!!

Ø TATA STEEL @ Negative Trend @ Rs 1463 with Stop lack of Rs @ 1470 for the Target close to @ Rs 1417 – 1404 briefly time period…!!!

Ø HAVELLS INDIA @ Negative Trend @ Rs 1270 with Stop lack of Rs @ 1284 for the Target close to @ Rs 1218 – 1208 briefly time period…!!!

Ø RAMCO CEMENT @ Negative Trend @ Rs 1077 with Stop lack of Rs @ 1084 for the Target close to @ Rs 1037 – 1030 briefly time period…!!!

Ø BHARATI [email protected] Negative Trend @ Rs 626 with Stop lack of Rs @ 640 for the Target close to @ Rs 588 – 575 briefly time period…!!!

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Disclaimer: The views expressed within the article above are these of the authors’ and don’t essentially signify or replicate the views of this publishing home. Unless in any other case famous, the writer is writing in his/her private capability. They aren’t meant and shouldn’t be thought to signify official concepts, attitudes, or insurance policies of any company or establishment.




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