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Stock Market Commentary 15-9-2017

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Topic :- Share Market Closing Note


Gripped by volatility through the day on the back of escalating tensions on the North Korean front, benchmark indices ended the week on a flat note, with the Nifty ending above 10,050.


The Sensex closed up 30.68 points at 32272.61, while the Nifty ended down by 1.20 points at 10085.40. The market breadth was negative as 1099 shares advanced against a decline of 1466 shares, while 154 shares were unchanged.


Midcaps ended on a flat note, while other Nifty sectoral indices ended in the red, barring Nifty IT. The index closed almost a percent higher.


Among stocks, ONGC and Bajaj Auto were the top gainers on both indices, while BHEL, Dr Reddys Laboratories and IndusInd Bank were the top losers.


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Topic :- Time:3.10 PM


Nifty spot if manages to close above 10090 level then expect some quick upmove in the market in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for Monday.


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Topic :- Time:2.45 PM


Just In:

More trouble for Vijay Mallya: UKs Serious Fraud Office to launch probe.


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Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 29960. If it breaks and trade below 29950 level then it is likely to show some quick fall and if it manages to trade and sustain above 29980 level then some upmove can be seen in it.


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Topic :- Time:2.00 PM


As mentioned in the morning note market is still flat and dull today. Nifty spot immediate support is at 10050-10040 levels and above 10080 level only some upmove can be seen.


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Topic :- Time:1.00 PM


There is no movement in the market as such. Big trades should be avoided as off now. Nifty spot if breaks and trade below 10040 level then some profit booking can be seen in Nifty and if it manages to trade and sustain above 10070 level then some upmove can be seen in Nifty.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 421.30. If it manages to trade and sustain above 421.60 level then expect some upmove in it and if it breaks and trade below 420 level then some decline can be seen in it.


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Topic :- Time:12.25 PM


Just In:

Godrej Prop partners debt-laden Nirmal Ventures.


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Topic :- Time:12.00 PM



Nifty spot is trading at 10057. If it manages to trade and sustain above 10070 level then expect some upmove and if it breaks and trade below 10030 level then some profit booking can be seen in the market. Avoid big trades as off now as nifty is trading in a very small range.


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Topic :- Time:11.30 AM


News Wrap Up:

1. ICICI Lombards Rs 5,700 cr IPO is finally out.

2. North Korea fires missile over Japan 

3. Railways to start its biggest track renewal exercise

4. A company with no assets raises $600 million in IPO

5. Mistrys to vote against Tata Sons move to become a private limited company

6. Commodity derivatives volumes lowest since 2010

7. Birla Sun Life Mutual Fund faces Sebi flak for renaming schemes

8. GST on fuel can help rein in prices

9. Modi-Abe meet: Take a look at Indias major imports and exports with Japan

10. Maruti will make electric cars in Gujarat.


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Topic :- Time:11.00 AM


After negative opening nifty is still trading in negative zone. Nifty spot if breaks and trade below 10040 level then further decline can be seen in the market and if it manages to trade and sustain above 10080 level then some upmove can follow in the nifty.


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 15 Sept,2017:


Stock specific action is expected in the market. Avoid big trades.


Nifty spot if manages to trade and sustain above 10120-10130 levels then expect some upmove and if it breaks and trade below 10060 level then some profit booking can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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