Daily Equity Report As on 30-Nov-2017

MARKET HIGHLIGHTS

Nifty ended at 10226.55 DOWN 134.75 and Sensex at 33149.35 DOWN 453.41 points

Apr-Oct fiscal deficit at Rs 5.25 lakh cr vs Rs 4.2 lakh cr YoY

Labour Ministry rolls back proposal allowing firms with over 300 employees to lay them off

Dr Reddy’s gets nod to restart exports to EU from Vizag plant

To invest Rs 25,000 crore in next few years across product pipeline: ITC

Expect growth of around 30% in FY18: Capital First

Airtel rolls out VoLTE services in Karnataka

NIFTY DAILY

Niftydaily1

BANK NIFTY DAILY

Bank nifty1

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
GAIL 467.00 462.15 4.85 1.05
BOSCHLTD 20275.05 20065.65 209.40 1.04
BAJAJ-AUTO 3335.00 3315.90 19.10 0.58
NTPC 183.00 182.00 1.00 0.55
HINDPETRO 418.25 416.35 1.90 0.46

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
UPL 727.00 752.30 -25.30 -3.36
HINDALCO 239.80 246.90 -7.10 -2.88
KOTAKBANK 1000.55 1026.25 -25.70 -2.50
AXISBANK 535.80 549.50 -13.70 -2.49
RELIANCE 922.50 946.00 -23.50 -2.48

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

Stock to watch for 1-DEC.-2017

SRT FUTURE

We recommended traders to buy SRT FUT above 1330 level and target of 1340-1355 may achieved with a stop loss of 1315.

SRT1

RUSHIL DECOR

We recommended traders to buy RUSHIL DECOR above 910 level and target of 920-935 may achieved with a stop loss of 895.

Rushil decor

For Daily Commodity Market Update visit www.marketmagnify.com or Missed Call This No.7879881122

Stock Market Commentary

Equity benchmark indices open on negative note tracking Asian market on last day of the month and continue its down trend throughout the day as we said Nifty future is moving in a channel and breakout on either side will attract directional movement. India reported a fiscal deficit of Rs 5.25 lakh crore for April-October, or 96.1 % of the budgeted target for the current fiscal year that ends in March 2018.The deficit was 79.3 % of the full-year target during the same period a year ago, which causes indices to fall in last hour of the day.

Reality is the only sector which ended with a gain of 1.12% rest of the indices closed in red in which PSU banks fell the most by 2.31% followed by private bank by 1.81%.

Gail, Bosch and Idea were the top gainers, while UPL, Hindalco and SBI lost the most.

Tomorrow market will depend on national and international data as investors for GDP data for july-sept quarter, government well unveil midterm review of the foreign trade policy today and also outcome of OPEC meetings will impact tomorrow market.

We like to advise traders and investors to remain caution as Nifty future had breakdown its channel support level and be stock specific and to do proper study before investing and looking at this uncertainty, we advise traders to remain light and follow strict stop losses for existing positions

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10190 and 10050.

Resistance of Nifty future is placed at 10350 and 10440.

Support of Bank Nifty future is placed at 25230 and 25090.

Resistance of Bank Nifty future is placed at 25660 and 26010.

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

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