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Pradeep Carpenter

10th Apr · SEBI-Registered Analyst

Morning Market View:

Nifty ended with consolidation in the last session all thanks to the ongoing confusion around ceasefire news between Iran and US. The sentiments were mixed amid falling crude and some recovery in the global sentiments. The support for the index is around 23600 followed by 23550 while 24100 remains resistance for the day. Bank Nifty have shown good resilience and have reclaimed the 54800 on the daily charts. The overall trend of the index is good with some respite is seen for the price after the recent brutal sell off on the daily charts. The sentiment on the street will remain bullish and can lead the markets again today. Stocks in News:

TCS
: Profit grows 12.2% to Rs 13,718 crore Vs Rs 12,224 crore *(Impact: Neutral)
EICHERMOT
: Royal Enfield has launched its first electric motorcycle, the Flying Flea C6, priced at Rs 2.79 lakh. (Impact: Positive)
WIPRO
: Board will consider a proposal to buy back equity shares of the company. (Impact: Neutral) POONAWALLA: company has launched its qualified institutional placement (QIP) issue on April 9. (Impact: Positive)

#IndexStrategies#Today’sTradingSetup#StockInNews#Pre-OpeningCommentary#TrendingSectors
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