Enquire Now

NIFTY WRAP UP & FORECASTING

September 29, 2021

The BSE sensex closed the shop at 59,413 down by 254 points and the Nifty close the day at 17,709, by loosing 39 points.

On the Upside: Powergrid,Coal India, NTPC, Sunpharma
On the downside-HDFC bank, Kotakbank, Asianpaint, Ultracemco

Tech View:-After gap down opening market tested again 17600 level and it supported well and market end with loosing 39 points at 17709 hence; support level will remain same which is 17600 and 17550, Pin bar sort of candle formation on daily chart hints no decision in the market which means market will stay range bound for few more session, Immediate resistance will be 17800 and 17900.

European & USA markets: @ IST 430 European markets were trading atPositivenote. Where the Germany’s DAX trading UPby 0.99 %, Other hand France’s CAC40 indexrunningPositiveby 1.18% where, England’s FTSE100 indexPositiveby 0.83%.
Where; wall street @ IST 4:30 The DOW future contract tradingPositive 192 points, S&P 500 Future [email protected] 31 points, Where Nasdaq100 futurePositive139 points.

Global News Analysis:

Spain’s inflation surged to a 13-year-high in September as national consumer prices rose 4.0% year-on-year, flash data from the National Statistics Institute (INE) showed on Wednesday.
China:- China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with power cuts that have crippled industrial output.