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Nifty 50 Live Update May 15th: Sensex down 1%, All Key Indices and Sectoral Indices are bleeding

Nifty 50 Live May 15th Mid-Day Update:- Sensex down 1%, All Key Indices and Sectoral Indices are bleeding, China Says Economic Recovery may Face Challenges as Covid-19 Spread outside China. Fertilizer Majors RCF, NFL and Chambal among top losers in Nifty. Nifty50 unable to cross the 20-DMA and 50-DM

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Premkumar Ramachandran
·1 min read
Nifty 50 Live Update May 15th: Sensex down 1%, All Key Indices and Sectoral Indices are bleeding
Nifty 50 Live Update May 15th: Sensex down 1%, All Key Indices and Sectoral Indices are bleeding

Nifty 50 Live May 15th Mid-Day Update:- Sensex down 1%, All Key Indices and Sectoral Indices are bleeding, China Says Economic Recovery may Face Challenges as Covid-19 Spread outside China. Fertilizer Majors RCF, NFL and Chambal among top losers in Nifty.

Nifty50 unable to cross the 20-DMA and 50-DMA is not looking good and swinging sideways and Trading below 9060 or down by 1% since opening. BankNifty the laggard trading at 18720 levels down by 1.8%. All Key Indices and Sectoral Indices are bleeding except Metals with Auto Index the top Loser.

BEL up 6.4%, SAIL up 4.4% and RamcoCem up 3.7% are top Movers while Equitas -6.3%, MandM -6% and Ashokley -4.8% are top Losers from FnO Space. SBICards proposed ‚¹1/- Dividend. MandM and AxisBank are top losers in N50 Index while BPCL and TataSteel are top Gainers.

For the Next Hour we see Critical Supports for Nifty at 9088, 9124, 9156 and 9190, Critical Resistance placed by 9041, 9018, 8986 and 8919. BankNifty Critical Supports are placed at 18590, 18496 18301 and 18210.

Reliance, JublFood, TCS and BajFinance looking weak and sell contenders while Airtel, JSWSteel, Manappuram are looking strong and buy contenders.

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Written by

Premkumar Ramachandran

Premkumar Ramachandran, B.Sc (Maths) Graduate and M.B.A (Finance & Mrktg) by Qualification. Associated with the Financial markets since 1997 and with Equity Broking since 2001 with various Institutions (HDFC, Kotak, ICICI) under various capacities and Exited as Head-Product of Equity and Distribution (Alternate Channels) before starting off this service in 2016. The strong background in Finance with passion to do research on various methodologies has been one of his biggest strengths. Over a period of time, he had developed a trading system using proprietary algorithms for Day and Swing trading along with Order Flow and Market profile system.

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