In the daily analysis of the stock market, we analyze the Nifty for next day trading and overall market scenario. Today the Nifty, Sensex opened higher and Banknifty opens lower. The market lost its early gain and closes with month’s biggest day fall. The Nifty swallow almost it’s two day’s gain and closes losing -1.65%.
Today the spot Nifty open at 11139.45 spike to 11145.90 closed 10925.85 and the Sensex also open higher at 37755.16 and fell till 36888.49 where it,s open and high were same. Banknifty opens lower at 28356.80 made high of 28358.85, low 27683.50 closed at 27729.10. The spot Nifty lost -183.80 points, Sensex -623.75 points and Banknifty -702.80 points respectively.
On Tuesday, The market was whole day traded under pressure and closed in negative. As per our spot Nifty last view in daily analysis of the stock market( http://abovestocks.com/daily-analysis/nifty-09th-august-2019/ ), Nifty extended it loses after breaking the 11100 levels. Spot Nifty’s 10990, will be a key point for the next trading day. If the spot Nifty sustains above 10990 then it can move up to 11235 and below of its downtrend to be continued till 10800.
Above is the spot Nifty 50 daily chart. Spot Nifty closed with a long bearish candle below the middle of the previous day’s last candle. Spot Nifty touched its resistance of 200 days moving average and came down. Technically, downtrend would continue and any rise in the market can be a selling opportunity. The market looks negative until any big announcement to be declared by the government.
Trading zone for 14 August 2019
Upside Resistance:- 10991, 11080, 11235.
Downside Support:- 10800, 10745, 10600.
In the Nifty 50, 5 stocks traded in green where only 44 were declined on 13TH August 2019 and one was unchanged.
Top 5 Nifty Gainer and Loser
The most active value wise stocks were , RELIANCE, IBULHSGFIN, YESBANK, HDFCBANK, ICICIBANK and the quantity-wise were YESBANK, IDEA, SAIL, RELIANCE, BHEL.
GSI Team is the technical expert team of Above Stocks, which is lead by the Aarish and works on giving the latest and accurate information about the Nifty and its prediction.