Daily

Daily Market Update Report 06-08-2021


Nifty opened higher traded with choppiness but finally managed to close in green. On the daily chart we are observing three consecutive positive candles with higher highs which suggest that the undertone in the market is positive. In coming trading session if Nifty for first hour trades above 16350then it may test 16450 - 16500 levels. On the downside, 16200 - 16100 levels may act as support for the day.

We still continue to maintain our stance that stock specific activity is likely to continue in small and Mid-cap stocks.

Tags: Daily


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

Daily Market Update...

Nifty opened higher but...

Read More

Daily Market Update...

Nifty opened higher, traded...

Read More

Daily Market Update...

Nifty opened higher, traded...

Read More

Daily Market Update...

Nifty opened higher but was...

Read More

Daily Market Update...

Nifty opened higher traded...

Read More

MM Q1 FY22 Result Update

M&M + MVML has reported...

Read More

IPCALLAB

SHORT TERM TRADING CALL: BUY...

Read More

GUJALKALI

SHORT TERM TRADING CALL: BUY...

Read More

SBI Q1FY22 Result Update

State Bank of India (SBI) has...

Read More

Indo Count Q1FY22 Result...

Indo Count Industries (ICIL)...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.