Nifty and Bank NIFTY comparison

[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” overlay_opacity=”0.5″ video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”20px” padding_right=”” padding_bottom=”20px” padding_left=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding=”” dimension_margin=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text]

Us elections creates heebie-jeebies reflection on Nifty50 & Sensex; witnesses snippety ‘bearish candle’

Stock Markets in general are pressured by blue devils as Clinton vs Trump race gets tighter. Analysts say investors are cautious ahead of the November 8 US elections.

[/fusion_text][fusion_imageframe image_id=”3972″ style_type=”none” stylecolor=”” hover_type=”zoomin” bordersize=”” bordercolor=”” borderradius=”” align=”center” lightbox=”no” gallery_id=”” lightbox_image=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_imageframe][fusion_text]

Market round up

  • Nifty50 hit the skids @ 8514, creates an impetuous selling encumbrance indicating a formation of bearish candle in the nifty charts which touched a high of 8549 pts with low of 8504 pts.
  • Nifty witnessed a behemoth gap-down where the trade started below the previous close of 8625 resulting in 108 points sagging precipitation.
  • The nifty index tapped out two of its vital support zones of 8600 & 8550.
  • Top gainers: M&M, Infratel, INdusind bank, HUL, NTPC
  • Top losers: ONGC, TATAMTRDVR, bankbaroda, BHEL, Tatamotors

Key insights

  1. FII added significant short position in BANKNIFTY futures and reduced some of the long position in NIFTY futures.
  2. Among Index option, BANKNIFTY 19100 and 19000 put option added significant open interest. Indicates the negative move on 3rd November.
  3. DOW JONES INDUSTRIAL AVERAGE fell over 100 pts and the S&P 500 witnessed a shortfall of nearly 0.7%. Eventually, Asian markets also indicated an impulsive weak position because of provoking US elections and its impact in the global markets.
  4. Realty, oil and healthcare stocks were the most prominent losers shedding about 2.1% – 2.8%. Bank, automobile, power, information technology and consumer discretionary stocks also ended mostly lower. Scores of midcap and small cap stocks too declined sharply.
  5. MOIL Limited shares soared to its highest level in more than 5 years today after the company raised the prices of all Ferro Grades of ore by 30%.
  6. Rupee now values 66.71 against the US dollar thus managing to recover from the early stumble. Donald Trump takes lead in the US presidential election according to a recent Poll, which startled market participants.
  7. Mahindra & Mahindra (up 2.8%) is among the few blue chips that are bucking the weak trend although many other stocks are reeling with selling pressure with relevance to recent US Presidential Poll.
  8. Gold will be seen most lucrative in the coming weeks irrespective of whoever wins US Presidential elections.


Article Info

Published Date: November 3, 2016
Author: Valarmurugan

Related Terms

Stock Market Training

2 days classroom training+ 30 days online practice. Here you can learn from basics to advance concept.

Do you like Videos?

We got many concepts been explained in video format. You may like it!

An investment in knowledge pays the best interest.

— Benjamin Franklin

Feel Free to Ask Us

We wish to work more closely with our community. If you want us to share our insight on trading and investing, feel free to as us.

Do you wish to invest in stock market?

Stay Informed with EQSIS Tools and Services

Stock Market Training

3 days classroom training + 30 days online practice. Here you can learn from basics to advance concept.

Intraday Scanner

We have best in-class intraday scanner which helps you in stock selection.

Follow Us

You can joins us using your prefered social network