iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Markets may start the day on a positive note today

25 Aug 2022 , 08:40 AM

Indian markets may start the day in green today. Other Asian markets have started the day in green. US markets closed in green yesterday. SGX Nifty has opened in green today, up by 0.43% since morning. Oil prices have started rising up once again. This is a negative development for the Indian equity markets in the near term.

Dow Jones closed up by 0.18% yesterday. Nasdaq closed up by 0.41%. NYSE index closed up by 0.35%. US dollar fell to index level of 108.5. Oil prices saw uptick, crossing US$100. Bond yields remained near 3.11% in anticipation of the outcome of Federal Reserve’s meeting at Jackson Hole.

Asian markets have opened in the green today. Nikkei is up by 0.54%. Shanghai is up by 0.38%. Taiwanese index is up by 0.91%. KOSPI is up by 0.91%.  Investors are awaiting Federal Reserve’s guidance on rates & inflation that will come tonight. Chinese Stocks remain in buy mode as recent rate cut by Central Bank can see revival in realty & banking stocks. 

Nifty saw another day of positive consolidation yesterday, ahead of the August expiry on derivatives. Nifty is on track to record its highest close in 4 months. Banks led the gainers with the banking index closing above 39000. Apollo Hospital, ONGC, IndusInd & ICICI led the gainers. BPCL, Tata Steel & Divis's lab led the losers. Mid-caps again outperformed the indices. Nifty small cap index was up by 0.82%.

Technical View: Nifty likely to find support at around 17500 while 17950 is likely to act as resistance on the upside. Bank Nifty likely to find support at around 38800 while 39700 is likely to act as resistance.

TRADING call (1-2 days) : BUY Wipro September future @ 418-419. Stop loss: 410. Target: 427.

Derivative call- time period:(1 month):  BUY Vedanta Ltd September future @ 267.5-268.5. Stop loss :262.15.  Target: 274.

Related Tags

  • BSE
  • nifty
  • NSE
  • sensex
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
13 Apr 2024   |   02:33 PM
Images
13 Apr 2024   |   02:30 PM
Images
12 Apr 2024   |   01:37 PM
Images
12 Apr 2024   |   10:20 AM
Read More

Most Read News

12 Apr 2024   |   08:25 PM
12 Apr 2024   |   08:14 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:08 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp