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Morning Insight

Research report help you to get basis with key information that can shape the markets.

Derivatives Daily
Market Wrap01-10-2021

  • Indian shares ended lower for the third day running on Thursday as traders adjusted their portfolios amid the expiry of F&O September series contracts. Mixed global cues and caution ahead of infrastructure output data for August due out later in the day also weighed on markets. Data showed earlier in the day that factory activity in China, the world's second-largest economy, contracted in September for the first time in the pandemic era. Nifty index dropped 93.15 points, to settle at 17,618.15.
  • Index opened with flat note. Where Small consolidation was seen in the initial hour, but weakened thereafter and fell towards the 17600 mark. It formed a bearish candle on the daily scale which is indicating that now bears took the charge and they are aggressive in the market. Further weakness can be seen if index close below 17550 level.

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Derivatives Daily
Market Wrap30-09-2021

  • Indian shares fell for a second straight session on Wednesday, with banks and financials leading losses. Globally, other Asian markets followed Wall Street lower while European stocks rebounded after suffering their biggest percentage decline since mid-July the previous day. Nifty index ended the session down 37.30 points, at 17,711.30.
  • Nifty open with the negative note where it again took support near its lower band. This indicating that buying interest are coming from the lower end. So we can consider lower band as a strong support level for the index. On contrary side if it breach this level then we might see selling pressure if index breach this level.

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Derivatives Daily
Market Wrap29-09-2021

  • Indian shares followed global peers lower on Tuesday, though markets ended off their day's lows on the back of buying in PSU stocks. Cues from Asia and Europe were tepid as a climb in U.S. bond yields, rising crude oil prices and concerns over the looming debt crisis of China's realty giant Evergrande triggered a flight from risky assets to safe-haven assets. Worries about a Fed taper beginning November and weak industrial profits data from China also added cot concerns over the pace of global growth. Nifty index ended the session down 106.50 points, at 17,748.60, with financials and IT stocks leading losses.
  • Nifty formed a ‘Hammer pattern' candle on the daily chart. This indicating that participants are becoming aggressive from the lower end. Moreover, index is trading in upward moving channel where it took support of lower band which may work as a strong support in coming future. On contrary side if it breach this level then we might see further round of selling in the market.

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