Sensex snaps 8-day winning run, ends 161 pts lower ahead of Fed outcome

CLOSING BELL: The NSE Nifty 50 settled with a loss of 58 points. IT, metal and energy stocks slipped, while FMCG shares ended on a firm note.

4:03 PM

Tech View :: Here're the key levels to watch on Nifty50

On the daily charts we can observe that the Nifty is trading around the 18100 mark since the past two trading sessions. The level coincides with the 61.82% Fibonacci retracement level of the fall from 18889 – 16828 and thus making it a crucial level from short term perspective and could be one of the reasons for the consolidation since past couple of trading sessions. The hourly Bollinger bands are contracting, and the hourly momentum indicator is having a negative crossover which also suggests a consolidation is likely. Overall, the uptrend is still intact, and this consolidation should be taken as an opportunity to create fresh long positions. On the downside crucial support zone is placed at 18000 – 17960 while gap area formed today between 18115 – 18130 shall act as an immediate hurdle zone. 

 

Views by: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

4:00 PM

Tech View :: Decisive move above 18,200, may take Nifty towards 18,500

Nifty remained mostly rangebound, following a timid start as the investors await Fed rate decision. On the daily chart a small red bodied candle has formed. The sentiment remains positive as the index has sustained above 18,000. Over the short term, the index is likely to remain in the range of 18,000 and 18,200. A decisive move above 18,200, may take the index towards 18,500.

Views by: Rupak De, Senior Technical Analyst at LKP Securities.

3:59 PM

Comment :: US Fed outcome, weekly F&O expiry to keep markets choppy on Thursday

With all eyes on the US Fed, we will see the reaction in early trades on Thursday. Besides, the scheduled weekly expiry would further add to the choppiness. Some consolidation can’t be ruled out in the index but the tone is likely to remain positive till Nifty manages to hold 17,850 levels. We thus reiterate our view to focus on stock selection. 

Views by: Ajit Mishra, VP - Technical Research, Religare Broking

3:50 PM

Currency check :: Rupee ends at 81.82/$ against Tuesday’s close of 81.88/$

3:49 PM

Buzzing stocks :: Adani Wilmar slides 4% post weak Q4 numbers

3:47 PM

Buzzing stocks :: MRF rallies 5% post strong Q4 results; other stocks rally too

3:45 PM

Buzzing stocks :: Manappuram Finance tanks 12% on reports of ED raid

3:43 PM

Buzzing stocks :: IndiGo gains 5% as Go First files for bankruptcy

>> SpiceJet adds 1%, Jet Airways 5%

3:41 PM

Broader indices shine even as benchmark indices languish in red

3:40 PM

Sectoral trends :: Most indices end in red; FMCG, pvt banks buck trend

3:39 PM

Sensex Heatmap :: Airtel, tech M, Axis Bank drag the 30-pack index

3:37 PM

CLOSING BELL :: Nifty ends below 18,100

3:35 PM

CLOSING BELL :: Sensex slips over 150 pts ahead of US Fed decision

3:23 PM

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