The index of Nifty ended below the level of 14,600 while there was gain observed in the index of Sensex .

Posted on 14-Jan-2021

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There was a minimum gain of 30 points in the index . It ended marginally higher at the level of 14,596 . There was a formation of a small bullish candle in the index . A dip around the level of 14,500 , is suggested to be a good buying opportunity for the traders . The market is expected to march northwards in the upcoming session .It is expected that the immediate resistance zone of the market would be around the level of 14,650 . If the index crosses this level . Then the benchmark index Nifty is expected to continue with its bullish momentum . Even in this scenario of high valuation , the market will attract more valuation because improving quarterly look of the Indian markets and the optimistic economic data chart of the market . This will help to keep the liquidity of the market high in  the upcoming sessions . If there is any consolidation observed ahead in the market then it will be healthy for it . Meanwhile , the traders are suggested to maintain caution in the selection of the stocks and they are now suggested to give more of their concentration on risk management .

The benchmark indices ended higher on this days volatile session and the index of Nifty ended below the level of 14,600 . There was a gain of 30 points in Nifty while there was a gain  of 91 points in the index od Sensex . Sensex index ended at the level of 49,584 .The advancement of 1467 shares and declination of 1489 shares was observed . There was no change observed in about 166 shares .The major losers in Nifty were Asian Paints , JSW Steel , Tech Mahindra , HCL Tech and Axis Bank . While the major gainers in Nifty were TCS , Induslnd , IOC , BPCL and UPS .We had witnessed buying in the names of Pharmaceutical , automobile , energy and FMCG .