Indian Stock Market: Nifty and Bank Nifty Technical Levels 5th March to 8th March

nifty and bank nifty technical levels 5th march
Nifty and Bank Nifty Technical Levels 5th March- 8th March



With the ease of cross border tension Indian stock market closed in a positive note on the last day of the week. Last week it was a highly volatile week for the Indian stock market, Sensex gained 192 points and Nifty climbed 72 points and Bank Nifty rose 176 points during the week. Nifty small and mid caps have made a strong gain last week.


The F&O monthly expiry was another reason which had made the Indian market volatile in the last week. Asian Market, Crude and rupee were in favor of the Indian stock market but the market gained positive momentum after the ease of geopolitical situation between India and Pakistan.


Nifty 50 Top Gainers and Losers of the Week









Nifty 50 Stocks-Top 5 Gainers of the Week
Company Name LTP  (Rs ) Prev Close (Rs ) Change (Rs ) Change (%)  52 week H/L( Rs)
Zee Entertainmen 486.35 445.15 41.20 9.26 609.75-288.30
Coal India 232.65 214.35 18.30 8.54 314.15-211.40
I O C L 148.05 138.60 9.45 6.82 206.45-105.25
GAIL (India) 343.85 327.80 16.05 4.90 399.40-295.25
UltraTech Cem. 3878.35 3716.60 161.75 4.35 4,493.65-3,260.45












Nifty 50 Stocks-Top 5 Losers of the Week
Company Name LTP  (Rs ) Prev Close (Rs ) Change (Rs ) Change (%)  52 week H/L( Rs)
Eicher Motors 19948.65 20704.80 -756.15 -3.65 32,236.70-18,800.00
Bharti Infra. 293.25 303.95 -10.70 -3.52 352.20-242.25
Bharti Airtel 307.65 317.25 -9.60 -3.03 436.60-276.85
HCL Technologies 1052.60 1082.25 -29.65 -2.74 1,125.05-880.05
Wipro 375.70 385.40 -9.70 -2.52 388.95-253.50


Stock Market Events for the Week:



The first day of the week is a holiday on account Maha Shivratri, there will be four trading session this week. Indo-Pak relationship will be the key factor for the week. India's Nikkei service PMI data for Feb will be released on Tuesday. Investors are waiting for the positive signals from the US-China trade talk, it can expect in the coming week. Further fall in crude price can appreciate Indian rupee would be another positive signal for the market.


Primary Trend of Nifty Future: Sideways (Bias Up)



Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 11040 whereas all down moves initiate Short Covering (Buy) @ 10850


If Nifty future moves above 10930 then you should Buy with 1st Target of 10970 during the day or any point during the week by trailing Stop Loss from 10902 - 10940 - 10970 - 10995 - 11025 - 11055 For the Target of 10970-11010-11070


If Nifty future moves below 10850  then you should Sell with 1st Target of 10795 during the day or any point during the week by trailing  Stop Loss from 10885 - 10845 - 10815 - 10780 - 10750 FOR the Target of 10795-10750-10700


Primary Trend of Bank Nifty Future: Sideways (Bias Up)



Bank Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27345  whereas all down moves initiate Short Covering (Buy) @ 27050


If Bank Nifty future moves above 27215 then you should Buy with 1st Target of 27255 during the day or any point during the week by trailing Stop Loss from 27180 - 27220 - 27255 - 27295 - 27335 - 27385  For the Target of 27255 -27345 - 27425


If Bank Nifty future moves below 27175  then you should Sell with 1st Target of 27130 during the day or any point during the week by trailing Stop Loss from 27215 - 27150 - 27100 - 27040 - 27000 - 26950 FOR the Target of 27130 - 27040 - 26950


Conclusion:



Indian stock market will move as per global cues on Tuesday and then Nikkei Service PMI numbers. Any positive development in geopolitical tension and the US-China trade talks will take the Nifty and Bank Nifty on northward direction. Traders and Investors should also keep eye on crude price and rupee movement.




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Happy Investing!


Finogyan Team

Disclaimer-Finogyan has taken due care and caution in compilation of data for its blog. The views and investment tips expressed by investment experts on Finogyan are their own and not that of the website or its management. Finogyan is not SEBI registered Advisors and advises users to check with certified and SEBI registered experts before taking any investment decision. However, Finogyan does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Finogyan especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.






Indian Stock Market: Nifty and Bank Nifty Technical Levels 5th March to 8th March Indian Stock Market: Nifty and Bank Nifty Technical Levels 5th March to 8th March Reviewed by Finogyan on March 04, 2019 Rating: 5

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