Nifty forms a shooting star as false breakout traps the bulls on the upside and ended down with marginal gains. A shooting star is a reversal pattern which is characterized as a small body with an upper shadow twice the range of body that indicates the weakness at higher levels and a possible impending reversal.

With Cheers of Budget that brought relief to a large base of honest taxpayers followed by Rate cut decision of RBI; Nifty managed to breach much important 10970 - 11000 mark though it was the profit booking at higher levels and the confluence of resistance levels placed above 11100. A Doji star followed by a falling window on a daily scale has seriously put some dent on the charged bulls.

Indian Stock Markets witnessed sell-off at higher levels and markets closed nearly one percent lower on Friday. The sell-off led to lower stock valuations after the recent pullback in the markets. The markets will see stock specific action as quarterly results will be announced by companies in the coming weeks. Epic Research has shared the following viewpoints about market direction in coming week.

Bears Engulf on the streets as Bulls were being onslaught at higher levels of 10700 - 10680. The crash and Sell-off was amid multiple factors that were being discounted at one point of time from stock-specific quarterly earnings to FOMC Meeting. A lot was there for investors to be nervous about and that resulted in a sharp sell-off with a rise in volatility.

Indian markets scaled new highs this week as many companies posted strong quarterly results and global markets were buoyant. Investors are expecting markets to remain strong and select counters have witnessed renewed selling after sell-off seen few weeks back. Markets could face a correction as well but all that would depend on global cues.

Nifty posts a third week of continued gains taking positive cues from the global market, falling crude oil prices and FII coming back to Indian equity market. Nifty made a fresh all-time high yet again for a third consecutive week of 11495.20 while profit booking dragged it lower to close it at 10429.

Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.

CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.

Global markets recovered by Indian market remained under pressure last week. The markets recovered during Friday's trading session but market analysts are still not sure if the markets will show a strong upside movement in the coming week. Have a look at Epic Research analysis on Indian Stock Market.

Nifty rebounds after three weeks of consecutive losses and end with indecisiveness forming a long-legged Doji on the weekly chart. A week with a lot of consolidation as the market traded within a range of 2%. Global market cues were also mixed as most leading indices were in consolidation while only Euro markets traded higher. Late weekend buying helped Nifty to almost reclaim the 10500 mark while bank Nifty also rebounded from 24800 to comfortably settle above 25K mark.

New Delhi [India], Feb 1 : The market on Wednesday opened on a flattish note with the Budget day ahead.

The Sensex traded up 16.91 points at 27672.87 and the Nifty traded up 8.20 points at 8569.50.

Shares such as Lupin, SBI, Adani Ports, Hero Moto and Wipro were among the major gainers while ICICI Bank, Infosys, TCS and Sun Pharma were among the losers in the Sensex.

The Indian rupee gained in the opening trade. It opened higher by 22 paise at 67.65 per dollar against previous close 67.87.

With the final countdown of the Budget, all eyes today are on the Finance Minister Arun Jaitley, who is expected to project taxes and spending post demonetisation.

New Delhi [India], Jan 27 : The market on Friday opened February Futures and Options (F&O) series on a strong note with the Nifty above 8600. It traded up 22.05 points or 0.3 percent at 8624.80 while the Sensex traded up 122.76 points or 0.4 percent at 27830.90.

Shares such as GAIL, BHEL, ICICI Bank, TCS and Sun Pharma were top gainers while Wipro, Dr Reddy's Labs, Lupin and Tata Steel were losers in the Sensex.

The Indian rupee opened lower by 10 paise at 68.18 per dollar on Friday versus Wednesday's closing of 68.08.

According to the market analysts, the dollar index has recovered from seven week lows, so there is a possibility of the USD-INR to trade in a range of 68.05-68.25/dollar.

New Delhi [India], Jan 24 : The market on Tuesday opened flat with the Nifty above 8400. It traded up 23.65 points or 0.3 percent at 8415.15 while the Sensex traded up 73.91 points or 0.3 percent at 27191.25.

Shares such as GAIL, Adani Ports, HDFC Bank and SBI were among top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro were amongst the losers.

The Indian rupee opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar.

As per the market analysts, the rupee is likely to remain range bound within the range of Rs. 68-68.30 against the US dollar.

The dollar slumped to a seven-week low against a currency basket, weighed by concerns about the early days of Donald Trump's administration.

New Delhi [India], Jan 19 : The Bombay Stock Exchange (BSE) on Thursday announced its decision to delist 36 companies listed on its platform from January 20 as they have remained suspended for more than 13 years.

As per the circular released by the leading stock exchange, the step is in addition to over 250 firms already delisted by the exchange last year.

The securities of these firms have been under suspension for more than 13 years on account of non-compliance of various clauses of listing regulations.

"Trading-members of the exchange are hereby informed that 36 firms that have remained suspended for more than 13 years would be delisted from the platform of the exchange, with effect from January 20, 2017," read the BSE circular.

New Delhi [India], Jan 18 : The market on Wednesday opened higher amid the global uncertainty. The Sensex traded up 71.48 points or 0.3 percent at 27307.14 and the Nifty traded up 22.40 points or 0.3 percent at 8420.40.

Shares such as Tata Motors, HDFc, Axis Bank, Cipla and Tata Steel are top gainers while Coal India, ICICI Bank, Bajaj Auto, Lupin and HUL are losers in the Sensex.

The Indian rupee opened marginally higher at 67.93 per dollar on Wednesday versus previous close of 67.95 against the US dollar. The dollar fell to a four-week low, moving lower against all group of 10 currencies with sterling leading the charge.

After a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain since 2008.

New Delhi [India], Jan 12 : The market on Thursday opened higher with the Nifty nearing 8400 after US President-elect Donald Trump's speech did not give any specific policy details.

The Nifty traded up 10.35 points or 0.1 percent at 8391, while the Sensex traded up 49.61 points or 0.2 percent at 27190.02.

Shares such as Infosys, ONGC, Adani Ports, Tata Motors and Hero MotoCorp are top amongst the gainers while Dr Reddy's Labs, Sun Pharma, Lupin, Cipla and ITC are losers in the Sensex.

The Indian rupee gained in the early trade. It opened higher by 17 paise at 68.15 per dollar versus 68.32 Wednesday.

New Delhi [India], Nov 8 : Wednesday morning witnessed a situation of blood bath on Dalal Street as nervous investors welcomed triggers with US elections outcome around the corner as Donald Trump leads in the US elections.

Also, the market apprehensions are on the rise as it welcomed government's decision to withdraw Rs. 500 and Rs. 1000 notes in an attempt to curb black money.

The Sensex witnessed a crash of 1584.19 points or 5.7 percent at 26006.95, while the Nifty witnessed a downfall of 474.00 points or 5.6 percent at 8069.55.

The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by property mogul Donald Trump.

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.85 points or 0.64 percent up at 8,901.45 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,411.33 points, was trading at 29,433.83 points (at 9.15 a. m.) in the early session, up 213.71 points or 0.73 percent from the previous day`s close at
29,220.12 points.

The Sensex touched a high of 29,437.59 points and a low of 29,406.10 points in the trade so far.

All the sectors were trading in green. The rally was led by banking, capital goods and consumer durables sectors.--PTI

New Delhi, Feb. 28 - Markets witnessed a surge ahead of the presentation of the Union Budget 2015-16 as the Sensex shot up 250 points to reach 29476 and the Nifty was up 70 points at 8916.

The Sensex at the Bombay Stock Exchange had yesterday shot up 473 points to close at 29,220, a day before the presentation of the Union Budget.

The Nifty at the National Stock Exchange also surged 161 points, or 1.9 percent, to 8,845 on Friday.

Finance Minister Arun Jaitley is going to present his first full-year Budget in Parliament at 11 am today, seeking to put the country on a path of 7-8 percent growth over the next two years. (ANI)

Mumbai: The benchmark BSE Sensex rose over 228 points in early trade today amid a firming global trend and hopes of a growth-oriented Budget.

Further, covering-up of short positions by speculators ahead of tomorrow's monthly expiry in the derivatives segment, supported the upside.

Rising for the second straight session, the 30-share barometer spurted by 228.67 points, or 0.79 percent, to 29,233.33.

The index had gained 29.55 points in yesterday's session.

All sectoral indices, led by oil & gas, metal, realty and banking were trading in positive zone with gains up to 1.03 percent.

Similarly, the National Stock Exchange index Nifty was trading above the 8,800-mark by gaining 60.10 points, or 0.69 percent, to 8,822.20.

Mumbai: The benchmark BSE Sensex was trading above the 29,000-mark by rising over 79 points in early trade on Tuesday as participants made selective buying ahead of monthly expiry in the derivatives segment on Thursday and the Union Budget on Saturday.

The 30-share barometer gained 79.71 points, or 0.27 percent, to 29,054.82. The index had lost 487.16 points in the previous two sessions.

Sectoral indices led by realty, FMCG, consumer durables, capital goods and healthcare were trading in positive zone with gains up to 1.06 percent.

Similarly, the wide-based National Stock Exchange Nifty index edged higher by 13.10 points, or 0.15 percent, to 8,768.05.

Mumbai: Continuing its rising streak for the seventh straight session, the BSE Sensex rose 114 points and the NSE Nifty regained the 8,900-level in early trade Thursday as participants indulged in enlarging positions ahead of Budget.

The 30-share barometer spurted by 114.65 points, or 0.39 percent, to trade at 29,434.91 with consumer durables, realty, auto, oil & gas and banking sector stocks, leading the rise.

The gauge had rallied by 1,092.84 points in previous six sessions.

Similarly, the National Stock Exchange index Nifty regained the 8,900-mark after three weeks by rising 32.60 points, or 0.36 percent, to 8,901.70.

Mumbai: Extending gains for the sixth straight session, the benchmark BSE Sensex rose over 105 points in early trade Wednesday as participants indulged in enlarging positions on hopes of faster economic reforms by the government and optimism over the forthcoming Budget.

The 30-share index was trading higher by 105.68 points, or 0.36 percent, at 29,241.56 with stocks of FMCG, realty, capital goods, consumer durables, power, bank and healthcare sectors, leading the rise.

The Sensex had gained 908.46 points in the previous five sessions.

Also, the National Stock Exchange index Nifty edged higher by 31.60 points, or 0.35 percent, at 8,840.95.

Brokers said optimistic buying by participants ahead of the Budget and acceleration in economic reforms by the government, led to the rise.

Mumbai: Continuing its upward journey for the fifth consecutive session, the benchmark BSE Sensex gained 132 points in early trade on Monday as funds and retail investors enlarged positions on hopes of pro-growth Budget and better third quarterly earnings by some bluechip companies.

Besides, a firming trend at other Asian markets buoyed trading sentiments here.

The 30-share index was trading higher by 131.93 points, or 0.45 percent, at 29,226.86 with all the sectoral indices, led by realty, metal, oil & gas and banking, leading the rise.

The gauge had gained 867.54 points in the previous four sessions.

Also, the National Stock Exchange index Nifty shot up by 34.90 points, or 0.40 percent, at 8,840.40.

Mumbai - The benchmark Sensex gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level Friday on stellar SBI earnings, rising hopes of a pro-growth budget and positive global cues.

Logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks.

Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day.

Country's largest public sector lender SBI today reported over 30 percent jump in net profit December quarter. Its shares zoomed nearly 8 percent, adding about 86 points alone to Sensex's 289.83 point surge.