On Tuesday, The market had a gap down opening and remained in the red for the whole session. At the closing market closed in the red. The market was very much volatile today. The Nifty index closed at 14,850.75, The Nifty bank index closed above and hold 32,872.20, and the Sensex settled above 49,161.81 The Nifty index lost around –91.60 points, The Nifty bank index lost around -270.20 points, and the Sensex lost –340.60 points in a single day.
Today, the Nifty index opened at 14,789.70 went up to 14,900.00, and closed at 14,850.75, after making the low of 14,771.40, The Nifty Bank index opened at 32,640.95 and stayed volatile between the high of 33,154.30, to the low of 32,611.70, and closed at 32,872.20.
According to the Nifty daily chart, Nifty broke and sustained above 14,890. Now nifty can go towards 15,100 to 15,200 levels, Alternatively, If Nifty breaks and sustain below 14,890 levels, then it might retest 14,600 to 14,500 levels.
- Venkys Standalone March 2021 Net Sales at Rs 941.35 crore, up 42.44% Y-o-Y.
- JSPL makes prepayment of Rs 2,462 crore to lenders.
- Vivimed Labs gets DGHS nod to manufacture, market Favipiravir tablets in India.
- Oil gains after cyberattack forces shutdown of crucial US pipelines.
- DCB Bank share price rises after reporting a 13% increase in Q4 net profit to Rs 78 crore.
- Rupee ends at day’s high at 73.34 per dollar.
- HDFC to off-load 0.62% stake in subsidiary HDFC Ergo to meet regulatory norms.
Trading zone for the Nifty index on 11th May 2021
Upside Resistance:- 14,975, 15,008, 15,050.
Downside Support:- 14,781, 14,712, 14,653.
In the Nifty 50, 22 stock traded in green and whereas only 28 were declined on 11th May 2021.
Top 5 Nifty Gainer and Loser
|Coal India||5.88||JSW Steel||-3.22|
The most active value-wise stocks were Tata Steel, Tata Motors, SBI, Reliance, JSW Steel, and the volume-wise were IOC, Coal India, Tata Motors, ONGC, NTPC.
FII and DII trading activity on NSE, BSE, and MSEI on Capital Market Segment as on 11th May 2021
|FII (Cr.)||DII (Cr.)|
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.