Daily Equity Report 7-11-2017 UPDATE

MARKET HIGHLIGHTS

Nifty ended 10350.15 DOWN 101.65 and Sensex 76 DOWN 360.43 points

India begins anti-dumping probe into ‘cheap’ paper imports

Sebi mulls increasing minimum public shareholding from 25% to 30-35%

Titan sees jewellery sales rising more than 25 % in 2017/18 – CFO

RCom says in talks with parties over sale of tower biz

BHEL aims to increase non-power revenue to 40% by 2022

Alembic Pharma Q2 net rises over 1% to Rs 121 crore

NIFTY DAILY

Niftydaily

BANK NIFTY DAILY

Bank NiftyDaily

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HCLTECH 877.00 845.05 31.95 3.78
HINDPETRO 447.00 434.05 12.95 2.98
INFY 955.35 928.70 26.65 2.87
TECHM 472.00 460.45 11.55 2.51
TCS 2710.00 2665.55 44.45 1.67

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
LUPIN 860.10 1034.55 -174.45 -16.86
CIPLA 608.25 654.80 -46.55 -7.11
SBIN 317.25 329.00 -11.75 -3.57
BHARTIARTL 514.60 532.55 -17.95 -3.37
UPL 736.70 761.90 -25.20 -3.31

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 07-NOV-17 5563.47 5102.00 461.47

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 07-NOV-17 4168.52 6214.59 -2046.07
Get More Market Updates Visit – http://marketmagnify.com/freetrial.php or Miss call @7879881122

Stock to watch for 08-NOV-2017

AARTI DRUGS

The stock has given trend line resistance level breakout on closing basis and also macd has given upward crossover, RSI is also at its resistance level and placed at 58.16.

Breakout will be considered above 549 level and target of 557-565 may achieved with a stop loss of 542.

aarti drugs

CIPLA

CIPLA has posted better than estimated quarterly result today as profit rises by 18% to 435 cr but Pharma index falls more than 4% on Tuesday because of Lupin.

Technically CIPLA now at its support level and also better than expected quarterly result will help the stock to trade positive on Wednesday .

We recommend to buy cipla above 610 and a target of 620-628 may achieved with a stop loss of 599s.

Cipla

For More Share Market News & Updates Click here –  www.marketmagnify.com or Miss call @7879881122

Daily Market Commentary 7-NOV-2017

Our Market Open on Positive note as Sensex hit fresh record high following positive global cues and after that indices turned lower on profit booking and rise in crude oil prices which added further pressure in INR and index which resulted in all indices to close in the red except Nifty IT.

Bank Nifty future closes 230.25 points down at 25388.45 and Nifty future closes down 79.50 points at 10410.05. Nifty IT is the only index which closes in green added 2.22%. Nifty Pharma and PSU Banks looses by 4.29% and 3.92%. HCL Tech, Infosys and HPCL are the top gainers today and Lupin, Cipla and SBI end on the losing side.

We have to be caution on rise in price in crude oil as this will lead to increase pressure on INR and which puts further pressure to stock market.

As we said earlier market is in buying trend and market have support to its bullish rally but the risky to this rally is from other countries and also rise in crude oil prices which puts further pressure to indices. As Bank Nifty future is at its upward sloping trend line support level trading strategy for Wednesday should be buying on dips as there is bit more in the market and also trend of the market is bullish as there is no sign of trend reversal till now investors should use this market fall as an opportunity to add fresh buying in your portfolio.

Resistance & Support Levels -:

 
Support of Nifty future is placed at 10360 and 10290.
Resistance of Nifty future is placed at 10475 and 10550.
Support of Bank Nifty future is placed at 25300 and 25110.
Resistance of Bank Nifty future is placed at 25500 and 25720.
For More Share Market News & Updates Click here –  www.marketmagnify.com or Miss call @7879881122
1 2