The markets were sideways ahead of RBI policy with some bearish bias being observed market-wide. In fact, apart from Auto and Oil & Gas, all sectors were negative.
Here's my analysis of Nifty, Banknifty and some top stocks along with my watchlist.
Here is a different format for my daily market analysis. Indices levels for tomorrow with some stocks that can be good for trades tomorrow.
Reliance and HDFC twins did quite well today, helping Nifty end the day +450 points. Banks were strong too. IT continues to be sluggish, but let's see what's in store. What's your view?
IT stocks sold off and dragged Nifty below 16k yet again. In fact, all sectors were very negative except FMCG which was saved by ITC. What's your view?
Reliance and Infy put some bearish pressure on the indices in the second half. 16,400 has been rejected, SGX is trading negative and futures are in backwardation, too. What's your view?
Bulls finally breathed a sigh of relief as the market opened gap up and continued the day with bullish momentum. One warm day does not make it summer, so I feel it's important to remain cautious and not get too excited. What's your view?
The market fell yet again, this time ahead of SBI results. PSU banks, fittingly, underperformed. LT and TaMo announced their earnings today as well.
The markets are still in limbo, repeating March's price action. What's your view?
Metals dragged, but private banks helped Nifty stay afloat. Do you feel 16,200 will hold?
It was Reliance vs Infosys for yet another day today. The bears seem to have a good grip on the market, but the intraday price action did seem to favour the bulls. What's your view?
The market fell quite sharply, forming a spinning top on EOD basis. Where do you think it could be headed from here? Will NSE:RELIANCE results and US markets impact Monday's price action?
The markets fell, partially thanks to the unexpected rate hike announcement by the RBI governor. What's your view?
The markets concluded the week on an indecisive note this time around as well. Axis Bank results, while not disappointing, still disappointed the markets. Kotak Bank was an unexpected performer.
Nifty retested 17k yet again, and with VIX back above 20, the volatility continues. Bajaj Finance (BAJFINANCE) fell after its results, meaning now the focus is on BAJAJFINSV on how it may move during its earnings. Axis Bank, too, has its results tomorrow. What's your view?
RIL and IT stocks were under pressure today, dragging Nifty below 17k. Banks performed a little better despite pressure from PSU banks. Bajaj Finance (BAJFINANCE) has its results tomorrow, so let's see if it shows some wild moves! What are your views?
Created in collaboration with @AVENUESOFINVESTMENT. Here's our watchlist for the week. What are your views?
Banks seemed very weak today, especially ICICI Bank and SBI. The rest of the market, too, faced second-half jitters. VIX did not rise by much, and RIL touched 2800!