8-NOV-2017 EQUITY REPORT UPDATE

MARKET HIGHLIGHTS

Nifty ended 10303.15 DOWN 47.00 and Sensex 33218.81DOWN 151.95 points

Hiring in Infrastructure Sector Up by 12% in October 2017

Life insurers see opportunity in plain vanilla protection plans

BHEL bags Rs 350 cr order from Power Grid

Punjab National Bank to close down or shift up to 300 loss-making branches in a year

Expect margin to remain in the range of 4.4-4.5%: Aditya Birla Capital

Infosys to open innovation hubs in the US, Nilekani

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
TECHM 490.00 470.50 19.50 4.14
AXISBANK 547.75 527.15 20.60 3.91
ASIANPAINT 1168.00 1141.45 26.55 2.33
CIPLA 621.00 607.55 13.45 2.21
SUNPHARMA 539.00 527.60 11.40 2.16

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
VEDL 323.45 335.70 -12.25 -3.65
BHARTIARTL 496.30 514.35 -18.05 -3.51
TATAMOTORS 440.50 451.85 -11.35 -2.51
LUPIN 839.50 859.90 -20.40 -2.37
YESBANK 304.40 311.70 -7.30 -2.34

STOCK RECOMMENDATION

SCRIPT NAME RECOMMENDATION LEVEL
ITD CEM BUY ABOVE 197.00
RUPA BUY ABOVE 472.00
JMC PROJECT SELL BELOW 450.00
GENESYS SELL BELOW 330.00

STOCK MARKET COMMENTARY

Our market open flat on Wednesday morning and sideways movement has been seen in Wednesday session. Investors had closely watched crude oil price movements and corporate earnings to trade in the market.Indian market extend its loosing string on Wednesday as well.

Selling pressure in the last hour of the day push Nifty Future to close 44.75 points down at 10365.10 and Bank Nifty Future to close 58.25 points down at 25338.40

Nifty IT once again continues its winning streak as Nifty IT index closes in green with gain of 0.66% followed by Nifty Pharma closes with 0.27% gain. PSU Banks once again in the top losers as Index looses by 2.00% followed by Nifty Metal closes with 1.38% loss.

Tech Mahindra, Axis Bank and Asian paints are the top gainers today and Vedanta, Bharti Airtel and Tata Motors end on the losing side.

Nifty on daily charts has given confirmation of short trend reversal as upward sloping trend line has been broke down with confirmation. Also MACD on daily charts showing negative crossover. Past two days had been tough for the market as market responded to external factors resulted in decrease in open interest in both Nifty and Bank Nifty future. Key support for Nifty future is 10270 and 10190 which will further decide market movements. Market has shown sideways movements on Wednesday, trading strategy on Thursday will be selling on high as Nifty future confirm short term trend reversal.

RESISTANCE & SUPPORT LEVELS

Support of Nifty future is placed at 10270 and 10190.

Resistance of Nifty future is placed at 10415 and 10550.

Support of Bank Nifty future is placed at 25110 and 24950.

Resistance of Bank Nifty future is placed at 25520 and 25720.

 

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Stocks Results Today 8/11/2017

Bharat Forge——–9:45 – 10:45rusult

Ashok Leyland——11:00 – 12:00

IRB Infra———–12:00 – 13:00

Voltas————12:45 – 13:45

Muthoot Finance–13:00 – 14:00

Arvind————-13:15 -14:15

Petronet LNG——14:00 – 15:00

La Opala RG——-15:00 – 16:0

Balkrishna Ind—–16:45 – 17:45

 

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Market Trend Update By Market Magnify

NIFTY TREND-BULLISH
NIFTY SPOT LEVELS
SUPP 1: 10245
SUPP 2: 9990
RES 1: 10520
RES 2: 10650

BANK NIFTY FUTURE LEVELS
SUPP 1: 25210
SUPP 2: 23560
RES 1: 25750
RES 2: 26080

WORLD MARKET ALERT
HANG SENG -5
NIKKEI -85
SHANGHAI -0
DOWJONES 9
NASDAQ -18
SGX NIFTY 9

INTERNATIONAL MARKET UPDATE
GOLD $ 1277.84
SILVER $ 17.01
COPPER $ 309.45
CRUDE $ 57.04
INR 65.15

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