Nifty And Bank Nifty Trend Indicates Buy

  • by THO
  • 1 year ago
  • news
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And Trend Indicates “Buy”

Market Action – This Week (24-August-20 to 28-August-20)

In the current week, Nifty opened at 11412, Index had made a weekly high of 11686 and closed at 11647. Indian Cash Market Index, Nifty Small Cap opened at 5713 this week. The major players of the market, FII & PRO together hold a net position of 41445 contracts in Index Option as on 28th August 2020. Nifty and Bank Nifty Trend indicate “Buy”. The market is in up-trend and is likely to continue.

Peering through the weekly performance of the sectors, among the Major sectors, Bank Private has made a growth by 11.66%, Banks PSU made an increment by 10.10%, Financial Services made a growth by 6.95%. As far as the Minor sectors are concerned, Carbon has shown growth by 11.34%, Home Appliances moved up by 10.12%, Construction, Supplies & Fixtures, Media TV & Newspaper, etc. made an increment by 9.35% and 9.09% respectively.

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Weekly performance of the Global Indices are as follows, the US Index, opened at 3494, made a weekly high of 3509 and closed at 3508. Hong Kong Benchmark Index, opened at 25330, went upto 25804 and wrapped at 25422. The Japan Benchmark Index, Nikkei opened at 23232 made a weekly high of 23439 and closed below its open, at 22882.

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Sector Performance as on 28th AugustSector Performance as on 28th August

Small Cap Gainers as on 28th AugustSmallcap Gainers as on 28th August

Small Cap Losers as on 28th AugustSmall Cap losers as on 28th August

Large Cap Gainers & Losers as on 28th AugustLarge Cap Gainers & Losers as on 28th August

Mid Cap Gainers & Losers as on 28th AugustMid Cap Gainers & Losers as on 28thAugust

RESULTS TODAYRESULTS TODAY

DISCLAIMER:

There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the research team. You are advised to rely on your judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

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