SGX Nifty Indicates Negative Opening; US Fed Hikes Interest Rates By 75bps, In Line With Expectations.
Today, the Nifty gapped lower following the global cues. However, it rebounded in the opening hour and moved above 17,700. Volatility remained high, and nifty breached 17,550. The rebound was sharp from there and the Nifty again moved above 17,700 but failed to sustain and closed near 17,630. The volatility was even more in Nifty Bank. Its range was 40,360–41,159. Nifty closed 0.5% lower and volume was higher than yesterday's session.
Market Treasure
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As mentioned in the morning, nifty bounced from 17000 to 17160 , now again crossing low showing weakness in overall Market. Support now at 16800.
Stock In Focus- Tube Investment (Medium Term)
Focus Price-2550
Potential Move till 2600-2650
Stoploss-2520
Focus Price-2550
Potential Move till 2600-2650
Stoploss-2520
SGX Nifty Futures were trading at 16,855 compared with Nifty’s close of 17,007 yesterday.
Market Treasure
Stock In Focus- Tube Investment (Medium Term) Focus Price-2550 Potential Move till 2600-2650 Stoploss-2520
Irrespective of bad market Tube Investment hit our target of 2600 , made a high of 2630.😍😍
Market Treasure
Stock In Focus- Tube Investment (Medium Term) Focus Price-2550 Potential Move till 2600-2650 Stoploss-2520
All Target Achieved in Tube Investment. 🚀🚀🚀
Market Treasure
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Market Took Support exactly near 16800 Levels And Bounced Back. Today it is important to see whether it sustains or not.
SGX Nifty Indicates Negative Opening; TCS to Report Quarterly Results Today.
TCS Q2 : CONS NET PROFIT UP 10 % TO RS 10431 CR (QOQ) , UP 8 % (YOY)
REVENUE UP 8.5 % AT 55309 CR (QOQ), UP 18 % (YOY)
EBIT UP 27.9 % AT 13279 CR (QOQ) , UP 9.3 % (YOY)
MARGINS AT 24 % V 20.3 % (QOQ), 25.9 % (YOY)
REVENUE UP 8.5 % AT 55309 CR (QOQ), UP 18 % (YOY)
EBIT UP 27.9 % AT 13279 CR (QOQ) , UP 9.3 % (YOY)
MARGINS AT 24 % V 20.3 % (QOQ), 25.9 % (YOY)
Today, Nifty gapped down by more than 200 points following global cues and made an intraday low of 17,064 and recovered sharply by more than 220 points. Post the sharp recovery, Nifty came under brief selling pressure but managed to close above 17,200.
Support : 17050-17000
Ressitance: 17400-17500
Support : 17050-17000
Ressitance: 17400-17500
SGX Nifty Indicates Minor Negative Opening; TCS Results Meets Expectation, Infosys to Consider Buyback.
SGX Nifty Futures were trading at 17,038 compared with Nifty’s close of 17,124, yesterday.