Today it was a volatile market. Nifty 50 played today in between 350 points. Both Pe and Ce buyers had chance to get profit.
Nifty 50
Nifty 50 was interesting today.
Even banks under performed today, with the help of HDFC bank nifty was not affected by banking sector. IT sector outperformed today. Along with IT, oil, FMCG, Metals, Automobiles, Health Care, Financial services all ended in green. To know about market action, refer the table below.
Time | Market Action |
9:15 to 10:35 | open at 21185. Low was 21137. High was 21408. Bullish trend |
10:35 to 12:40 | From high 21408, started downfall till 21214. Bearish trend |
12:40 to 3:30 | Buyers to control over market from mid to closing. From 21214 to it reach 21482 and closed at 21453. Bullish Trend |
Nifty Bank
Bank nifty opened at red but from 9:15 to 10:20 it was in bullish trend. ICICI and Axis banks underperformed and dragged back sector index downwards. As HDFC Bank outperformed and help Bank index to end in green.
TIME | MARKET ACTION |
9:15 to 10:20 | opened at red, but for first 1-hour buyer took control. Low 44489, high was 45483. |
10:20 to 12:45 | In this time period seller took control and market fell from 45486 to 44604. |
12:45 to 3:30 | Almost it was in consolidation stage. From 2:00 to 2:40 it moved nearly 400 points higher. |