Nifty50 crosses 14k make for the 1st time ever..

The Nifty has gained almost 8 per cent during this month

 

 

NSE (Nation Stock Exchange): NIFTY50 on Friday settled above 14k levels for the first time, The index formed a bullish candle daily and weekly chart, It has been forming higher high, the index can attempt to move towards 14,200 level analyst said, and find firm support near the13,800 level.

The Nifty50 opened high at 13996.10 and remained consolidation with a positive bias. The index touched  intraday record high at 14,049.85 before signing of the session at 14,018.50 up 36.70 point or 0.26 percent.

                                              Day candlestick bullish stick pattern

                                          Weekly candlestick bullish  pattern

  The Nifty50 trades below at 13,990 in next trading session, then intraday selling pressure can be witnessed with initial target at 13,860 level. A session close below  at 13,850 level, however may turn the tide in the fav our of bears for a shorter term by ushering in a multi-day corrective down swing. 

Nifty index holds above the 14000 level, then the really shall get extended towards 14,200 level, analyst said.

 The options data was scattered at different strike due to the beginning of the new series maximum put options open interest was seen at 13,000 followed by 13,500 strike, while maximum call option open interest was seen at 14,000 followed by 14,500 strike.

The data indicated that Nifty could see a wider trading range at 13,500 to 14,500 and an indicate range of 13,800 to 14,200.

TOP 5 STOCKS NIFTY50 GAINERS AND LOSERS

GAINERS: ADANIPORTS, TCS, ITC, M&M and SBIN

LOSERS: ICICIBANK, SBILIFE, HINDALCO, HDFCBANK and TITAN

BANK NIFTY:

 The Bank Nifty opened high at Positive 31,297.30, but failed to surpass the previous days high at 31,400 level and traded flat to negative. It move in a narrow range in a end of the session and settled the day at loss of 31,225.80 level down 38.20 or 0.12 per cent.

                                                               Day candlestick pattern 

Bank Nifty index formed a small bearish candlestick along with a inside bar on the daily scale and a bullish candle on weekly chart.

                                                               weekly candlestick pattern

Bank Nifty has continue to holds above 31000 to witnessed up move towards 31500 and 31750, while on the down side, support is seen at 30800 and 30500 levels analyst said.