Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Stock Market Daily Updates: 8 Sep 2021

Nifty Future has resistance at 17404 – 17434 Point; above which other resistance levels are at 17474 - 17505 Point with highly Volatile Trend

Photo Credit :

1595910044_uDKqsY_2020_07_28T041635Z_1_LYNXNPEG6R08J_RTROPTP_4_GLOBAL_MARKETS.JPG

Dear Trader…

Indian markets had witnessed higher volatility compared to its global peers as domestic investors turned extra cautious on increasing COVID cases in India and a fall in FII inflows.

FII and FPIs, on Tuesday saw a net sold of Rs 145.45 crore in the cash segment. A total of Rs 6785.93 crore was sold against a total purchase of Rs 6640.48 crore. Domestic institutional investors saw a net sold of Rs 136.57 crore in the cash segment. A total of Rs 5297.0 crore was sold against a total purchase of Rs 5160.43 crore.

In absence of any major event, global cues will continue to dictate the market trend in near future. Besides, any news of unlocking by the state governments will also be closely watched as we’re seeing a sustained decline in new COVID cases.

Ø INDEX MOVEMENT – 08.09.2021

Ø Nifty Future closed @ 17369 as on 07.09.2021..!!

Dear Traders,

Nifty Future has resistance at 17404 – 17434 Point; above which other resistance levels are at 17474 - 17505 Point with highly Volatile Trend,

Ø Bank Nifty Future closed @ 36572 as on 07.09.2021..!!

Ø GODREJ PRO. @ Positive Trend @ Rs 1560 with Stoploss of Rs @ 1533 for the Target near @ Rs 1606 – 1616 in short term…..!!!

Ø CIPLA LTD @ Positive Trend @ Rs 933 with Stoploss of Rs @ 919 for the Target near @ Rs 966 – 974 in short term…..!!!

Ø BHARTI AIRTEL @ Positive Trend @ Rs 660 with Stoploss of Rs @ 650 for the Target near @ Rs 686 – 696 in short term…..!!!

Ø RELIANCE IND. @ Negative Trend @ Rs 2477 with Stop loss of Rs @ 2507 for the Target near @ Rs 2424 – 2408 in short term...!!!

Ø GRASIM IND. @ Negative Trend @ Rs1577 with Stop loss of Rs @ 1585 for the Target near @ Rs 1537 - 1527 in short term...!!!

Ø TATA STEEL @ Negative Trend @ Rs 1450 with Stop loss of Rs @ 1460 for the Target near @ Rs 1407 - 1393 in short term...!!!

Ø AURO PHARMA @ Negative Trend @ Rs 767 with Stop loss of Rs @ 780 for the Target near @ Rs 727 – 717 in short term...!!!

Note :- Before Act please refer & agree Terms & conditions, Disclaimer, privacy policy & agreement on www.nikhilbhatt.in

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Tags assigned to this article:
sensex nifty equity investments share markets

Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

More From The Author >>