Equity Report on 31/10/2017

MARKET HIGHLIGHTS

Nifty ended 10335.30 DOWN 28.35 and Sensex  13  DOWN 53.03 points

US body seeks fair, bilateral US India trade partnership

World Bank to release Ease of Doing Business 2017 report today: India expects big jump

Vedanta to invest $9 billion in India’s resources sector to meet domestic demand

Tata Global Beverage ventures into QSR segment

HPCL to acquire MRPL in share-swap deal

RCom’s zero write-off debt plan: Lenders to get 51% stake in company

NIFTY DAILY

nifty

BANK NIFTY DAILY

bank nifty

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AXISBANK 525.25 484.00 41.25 8.52
INFRATEL 441.95 429.70 12.25 2.85
ONGC 191.10 186.60 4.50 2.41
HCLTECH 855.30 836.35 18.95 2.27
BHARTIARTL 498.00 492.90 5.10 1.03

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
UPL 799.00 824.40 -25.40 -3.08
VEDL 332.00 340.95 -8.95 -2.63
GAIL 465.05 475.70 -10.65 -2.24
M&M 1346.00 1374.75 -28.75 -2.09
TATASTEEL 703.55 718.25 -14.70 -2.05

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 31-OCT-17 5991.94 6523.76 -531.82

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 31-OCT-17 3905.61 3308.69 596.62

STOCK RECOMMENDATION FOR 1-NOV.2017

SCRIPT NAME RECOMMENDATION LEVEL
LAOPALA BUY ABOVE 540.00
ENDURANCE BUY ABOVE 1170.00
KAJARIA CER SELL BELOW 672.00
RAMKY SELL BELOW 179.00

Stock To Watch For 1-NOV.-2017

 LAOPALA

one
STOCK IS IN BULLISH TREND AND FORMED SYMMETRICAL TRIANGLE CONTINUATION PATTERN ON WEEKLY CHART. IT IS CURRENTLY TRADING AT A LEVEL OF 530 WHICH IS JUST BELOW ITS TREND LINE RESISTANCE BREAKOUT, WHICH IS PLACED AT 540. MACD HAS GIVEN UPWARD CROSSOVER ON WEEKLY CHART.RSI IS PLACED AT 57.40 LEVELS.

SKIPPERtwo

STOCK HAS BREAKED OUT ITS RESISTANCE LEVEL WITH HIGH VOLUMES WHICH WILL LIKELY TO BE CONTINUE ON WEDNESDAY. AS HIGH VOLUME AND MACD BOTH HAS CONFIRMED THE BREAKOUT.

 

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STOCK MARKET COMMENTARY UPDATE

COMMENTARY 31-OCT.-2017

Yet another session of consolidation in the market as Nifty open on a negative note and moved in the narrow range of 35 points on the last day of the month, as most benchmark indices of Asia open in red and also investors awaits for result of FOMC’s two day policy meeting that will begin tonight. Reality sector added 2.89% gain intraday on Tuesday and on the down side again PSU bank drag the most by 2.14% followed by metals which is down by 1.71%.

HPCL will acquire MRPL in a share swap deal to become India’s second largest oil refinery. Bharti Infratel to buy Indus Towers which help stock to gain 3.5%

COMMENTARY 1-NOV.-2017

On Wednesday market is expected to be in consolidated phase as investors will be waiting for outcome of FOMC’s policy meetings and more corporate earnings for clues where market will be heading. As we said market is clearly stock specific now and would again like to suggest our traders to trade stock specific as index seems to be range bound on Wednesday as well. Bank Nifty future is consolidating in a narrow range of 24880-25120 and breakout on either side will invite movement in the market.

  • Support of Nifty future is placed at 10280 and 10200.
  • Resistance of Nifty future is placed at 10400 and 10490.
  • Support of Bank Nifty future is placed at 24880 and 24550.
  • Resistance of Bank Nifty future is placed at 25120 and 25685.

For more information about share market visit our site www.marketmagnify.com or missed call 7879881122

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