• by Stocktry Expert
• 13th May 2021

BSE, NSE Shut Today on Account of Ramzan Eid. Know the Holiday Sheet Here.

The National Stock Exchange of India (NSE) and the BSE will remain closed on May 13 on account of Eid-Ul-Fitr (Ramzan Eid). Wholesale commodity markets, including metal and bullion, will also remain shut. Neither will there be any trading activity in the forex and commodity futures markets as well.

Share market will remain closed for seven days in the month of May on May 15, May 16, May 22, May 23, May 29, and May 30 as a result of Weekend and May holidays.

On May 12, the Sensex was down 471.01 points or 0.96% at 48690.80, and the Nifty was down 154.30 points or 1.04% at 14696.50.

"Nifty has pierced 14700 during the intra-day session and managed to close around it. Hence, traders would need to review the situation on Friday," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

"If we are unable to hold this level, we could drop to 14,400. On the upside, if we can get back above 14,850, the index can scale up to 15,000 and then 15,200," Hathiramani added.

"The market has formed bearish continuation formation, however, as the markets are range bound, till the Nifty/Sensex is not closing below the levels of 14600/48400, we would do a pullback towards, 14800/49000 levels," said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.

"The focus should be on cement, PSU banks and auto stocks if the market remains strong. Buy metal stocks if the market drops to 14500/48100 levels," Chouhan added.

On the BSE all other sectoral indices ended in the red with metal, bank and oil & gas indices shedding 1-3 percent, except auto while BSE Midcap and Smallcap indices fell 0.6-0.9 percent.

On May 12, the Indian Rupee ended lower by 8 paise at 73.42 per US Dollar against May 11's close of 73.34.

"Technically, 73 is a major support zone, a consistent trading below that may push prices towards 72.75-72.50, while a reversal may take prices towards 73.75-74 zone," said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.

Share Market Holidays in 2021 BSE Sensex/ NSE Nifty List:

The holiday list 2021 of BSE Sensex and NSE Nifty are similar except BSE has an added holiday on Diwali - Laxmi Pujan, (November 04, 2021), while the same is exempted from NSE Nifty holiday list.