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Stock market Commentary 12-9-2017

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Topic :- Share Market Closing Note


Driven by positive global cues and rally in index heavyweights here, benchmark indices ended the second session of the week on a positive note, with the Nifty just short of 10,100.


The Sensex ended up 276.50 points at 32158.66, while the Nifty closed higher by 87.00 points at 10093.05. The market breadth was positive, but narrow, as 1436 shares advanced against a decline of 1151 shares, while 162 shares were unchanged.


Tata Motors, Tata Motors DVR, BPCL and GAIL were the top gainers, while Wipro, Hero MotoCorp, and IndusInd Bank lost the most.


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Topic :- Time:3.10 PM


Nifty spot close above 10090 level will result in some upmove in coming trading sessions and close below above mentioned level will result in sluggish move. Avoid open sell positions for tomorrow.


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Topic :- Time:1.00 PM


Nifty is still struggling in same small range. Nifty spot  if manages to trade and sustain above 10080 level only then further upmove is expected and if it breaks and trade below 10040 level then some softness can be seen in the market.


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Topic :- Time:12.30 PM


NATURALGAS Trading View:

NATURALGAS is trading at 189.70.If it manages to trade and sustain above 190 level then it is likely to show some upmove and if it breaks and trade below 188.60 level then some profit booking can be seen in it.


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Topic :- Time:12.00 PM


Nifty is trading in a small range.Nifty spot if manages to trade and sustain above 10070 level then expect some upmove and if it breaks and trade below 10040 level then some profit booking can be seen in it.


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Topic :- Time:11.30 AM


News Wrap Up:

1. World Bank accepts Modi govts reform claims, big thumbs-up likely next month

2. L&T construction arm bags orders worth Rs 2,525 crore

3. Cant force customers to buy e-cars: Maruti chairman

4. Pvt schools offer to take in Ryan students

5. GST cess pulls cigarette sales down 8-9% in July-August

6. Airtel has misrepresented facts & data, accuses Jio

7. Sebi may tighten norms for firms audit committees

8. Indian banks to face $65-bn capital shortage by FY19, cautions Fitch

9. SC tells Jaypee Infratech to deposit Rs 2,000 cr by October 27

10. HDFC Bank hits new high; surpasses TCS in market cap ranking


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Topic :- Time:11.00 AM


After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 10060 level then expect some upmove and if it breaks and trade below 10030 level then some softness can be seen in it.


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 12 Sept,2017:


Nifty is likely to turn volatile as the day progresses. Stock market traders are advised to trade as per market trend and should follow levels properly.


Nifty spot if manages to trade and sustain above 10040 level then expect some upmove and if it breaks and trade below 9980 level then some softness can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.


Please visit this section regularly for Live stock market view, Commodity market view, stock tips and commodity tips.

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