Stock to watch for 06 NOV


The stock has given trend line resistance level breakout on closing basis and also macd has given upward crossover. Breakout will be considered above 295 level and target of 302-310 may achieved with a stop loss of 288.



Stock has given trend line breakout above 1040 and now it is consolidating at its higher level. Breakout will be considered above 1180 level and target of 1195 and 1215 may achieved with a stop loss of 1160.


Get Share Market Daily Updates & News Visit – or Give Miss call @7879881122


BLOG_MarketCommentaryOur market set record high on the opening day of the week and continues its consolidated phase from past week, selling pressure in the last hour of the day drags Nifty to close in the red. Bank Nifty future closes 81.25 points down at 25587.40 and Nifty future closes down 7.80 points at 10479.00. PSU banks once again added the most by 0.92% backed by positive news that PSU Banks may get Rs 70,000 cr through recap bonds this fiscal. ONGC, Tata motors and M&M are the top gainers today and Idea, HPCL and Yes Bank end on the losing side.


Interest of foreign investors has been increasing as a result over 1000 fresh foreign investors were registered with SEBI in 1st and 2nd quarter of FY18 which shows there interest in Indian market. Which indicated this Bull Run will not end soon. But as we said earlier key risk to the market rally is external geopolitical tensions especially from the Far East which could reduce liquidity from the market which may results in additional selling pressure to the market. Investors are advised to stay light and should not take any undue risk. Trading strategy for Tuesday should be buying on dips as there is bit more in the market and also trend of the market is bullish.

Support of Nifty future is placed at 10420 and 10360.

Resistance of Nifty future is placed at 10550 and 10620.

Support of Bank Nifty future is placed at 25409 and 25340.

Resistance of Bank Nifty future is placed at 25720 and 25950.

If u want to become  stock trader work with us. For more information visit our site  or missed call 7879881122.


1 2