Enquire Now


October 20, 2021

The BSE sensex closed the shop at 61,259 DOWN by 456 points and the Nifty close the day at 18,282 by loosing136 points.

On the Upside: Bhartiairtel, SBIN, TATAMOTORS, INDUSIND
On the downside-Hindalco, BPCL, Titan, Bajajfinserv

Tech View:- The NSE Nifty touched a high of 18,458, and a low of 18,209, and finally settled with a loss of 136 points at 18,282 we have seen profit booking from the top ; Where index is managed to closed on negative note with loss of 0.74% and formed bearish sort candle on daily chart, which clearly indicate down trend may continue Going forwards immediate resistance zone will be 18350-18400. Supports for nifty is coming near 18200-18150 zone.

European & USA markets: @ IST 04:00 European markets were trading atNegativenote. Where the Germany’s DAX trading UPby 0.05 %, Other hand France’s CAC40 indexrunning Negativeby 0.07% where, England’s FTSE100 index Positiveby 0.04%.
Where; wall street @ IST 04:00 The DOW future contract trading Positive 2 points, S&P 500 Future trading Negative @ 1 points, Where Nasdaq100 future Positive 6points.

Global News Analysis:

China -China reported a fourth day of new locally transmitted COVID-19 cases in a handful of cities across China, prompting alarmed local governments to double down on efforts to track potential carriers amid the country’s zero-tolerance policy.
Germany’s federal network agency on Wednesday curbed the permitted return on new infrastructure for power and gas networks in the years to 2029 in a move aimed at protecting consumers from higher energy bills.
Asia:-The International Monetary Fund on Tuesday slashed this year’s economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections, supply chain disruptions and inflation pressures pose downside risks to the outlook.