Nifty closes above 9900

After last week’s sharp fall, over the last 4 days continuously Nifty managed to close in positive note and crossed the 9,900 level. It also recovered the 50% of the recent fall. The last 4 day’s candle body and candle sizes are not significant enough to justify the trend reversal. Potentially there will not much in the upside unless nifty forms major candle body with strong volume. The other major index, the Nifty Bank is having continuous selling pressure, any major selloff from Nifty Bank have potential to bring down the entire market.

Nifty in daily candlestick chart
Nifty in daily candlestick chart
Nifty Bank in daily candlestick chart
Nifty Bank in daily candlestick chart

As per our analysis, 34 out of 50 shares are trending down from Nifty 50 and Except Kotak Bank all others shares from Nifty Bank is trending down. The broader index Nifty 500 has 313 shares trending down and 187 shares trending down. Overall most of the underlying shares from these indexes are trending down.

Based on our analysis, here is the summary of Nifty 50 and it’s stocks. Visit our Nifty 50’s trend summary for latest trend.

Symbol Price Change Change % Trend

Nifty 50
9,914.90 55.40 0.56 DOWN

ADANIPORTS
387.65 3.95 1.03 DOWN

AMBUJACEM
269.55 1.20 0.45 DOWN

ASIANPAINT
1,154.05 5.25 0.46 DOWN

AUROPHARMA
724.95 18.00 2.55 DOWN

AXISBANK
505.95 -3.70 -0.73 DOWN

BAJAJ-AUTO
3,173.50 11.30 0.36 UP

BAJFINANCE
1,862.65 -5.15 -0.28 DOWN

BHARTIARTL
377.15 -7.50 -1.95 DOWN

BOSCHLTD
20,707.00 309.20 1.52 DOWN

BPCL
486.15 7.30 1.52 UP

CIPLA
581.05 2.15 0.37 UP

COALINDIA
270.00 -2.00 -0.74 UP

DRREDDY
2,387.60 52.05 2.23 DOWN

EICHERMOT
30,884.60 -262.70 -0.84 DOWN

GAIL
436.15 0.75 0.17 UP

HCLTECH
886.60 4.05 0.46 DOWN

HDFC
1,768.10 6.50 0.37 UP

HDFCBANK
1,797.00 -11.85 -0.66 DOWN

HEROMOTOCO
3,794.90 -11.35 -0.30 UP

HINDALCO
241.90 0.30 0.12 DOWN

HINDPETRO
444.15 9.55 2.20 UP

HINDUNILVR
1,197.50 11.15 0.94 DOWN

IBULHSGFIN
1,257.10 22.75 1.84 DOWN

ICICIBANK
276.10 -2.30 -0.83 DOWN

INDUSINDBK
1,697.70 4.75 0.28 DOWN

INFRATEL
416.50 8.00 1.96 UP

INFY
899.60 -3.95 -0.44 UP

IOC
408.75 2.20 0.54 UP

ITC
267.40 6.00 2.30 DOWN

KOTAKBANK
1,029.45 22.90 2.28 UP

LT
1,138.30 3.40 0.30 DOWN

LUPIN
1,027.50 6.15 0.60 UP

M&M
1,288.75 24.45 1.93 DOWN

MARUTI
7,847.20 -41.10 -0.52 DOWN

NTPC
168.05 -0.35 -0.21 DOWN

ONGC
172.10 1.45 0.85 UP

POWERGRID
209.05 2.90 1.41 DOWN

RELIANCE
818.85 20.50 2.57 DOWN

SBIN
253.20 1.90 0.76 DOWN

SUNPHARMA
517.90 15.25 3.03 DOWN

TATAMOTORS
423.55 7.55 1.81 UP

TATASTEEL
659.00 -1.80 -0.27 DOWN

TCS
2,442.30 -6.15 -0.25 DOWN

TECHM
465.05 1.75 0.38 UP

ULTRACEMCO
3,872.50 -22.50 -0.58 DOWN

UPL
788.15 -7.85 -0.99 DOWN

VEDL
319.10 0.85 0.27 DOWN

WIPRO
282.75 -0.20 -0.07 DOWN

YESBANK
355.80 4.75 1.35 DOWN

ZEEL
521.40 -0.55 -0.11 DOWN

Based on our analysis, here is the summary of Nifty Bank and it’s stocks. Visit our Nifty Bank’s trend summary for latest trend.

Symbol Price Change Change % Trend

Nifty Bank
24,113.30 9.90 0.04 DOWN

AXISBANK
505.95 -3.70 -0.73 DOWN

BANKBARODA
137.55 0.25 0.18 DOWN

CANBK
307.25 -1.35 -0.44 DOWN

FEDERALBNK
113.10 0.60 0.53 DOWN

HDFCBANK
1,797.00 -11.85 -0.66 DOWN

ICICIBANK
276.10 -2.30 -0.83 DOWN

IDFCBANK
56.00 -0.35 -0.62 DOWN

INDUSINDBK
1,697.70 4.75 0.28 DOWN

KOTAKBANK
1,029.45 22.90 2.28 UP

PNB
129.95 0.35 0.27 DOWN

SBIN
253.20 1.90 0.76 DOWN

YESBANK
355.80 4.75 1.35 DOWN

Muthuraj Paulraj

Passionate about investing and trading in Options.