9-NOV-2017 EQUITY REPORT UPDATE

9th November 2017 MarketMagnify Daily Report

MARKET HIGHLIGHTS

Nifty ended 10308.95 UP 5.80 and Sensex 33250.93 UP 32.12 points

IRDAI to propose to its Board on Nov 29 guidelines allowing PEs to promote insurers

Govt doubles import duty on wheat to 20%

Tech Mahindra, Unity Technologies ink pact to set up CoE in Bengaluru

Taking steps to keep Kochi terminal in operating profits: Petronet LNG

State Bank of India eyes profitable expansion outside home

Expect Rs 5000-6000 crore worth of order inflow in FY18: IRB Infra

NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
IBULHSGFIN	1232.50	1195.70	36.80	3.08
BHARTIARTL	507.00	495.30	11.70	2.36
BOSCHLTD	21199.00	20764.05	434.95	2.09
ICICIBANK	311.85	305.50	6.35	2.08
ASIANPAINT	1196.50	1172.20	24.30	2.07

NIFTY LOSERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
ITC	261.00	265.40	-4.40	-1.66
ONGC	189.35	192.55	-3.20	-1.66
COALINDIA	283.30	288.05	-4.75	-1.65
INFRATEL	428.00	435.15	-7.15	-1.64
LUPIN	830.00	841.25	-11.25	-1.34

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Stock to watch for 10th NOV

9th November 2017 MarketMagnify Stocks to Watch

VADILAL IND

The stock is currently taking support of 38.2% Fibonacci retracement level and also MACD has given upward crossover, RSI is placed at 41.76 level.

Breakout will be considered above 930 level and target of 942-955 may achieved with a stop loss of 915.

WONDERLA

Wonderla is now trading at higher levels just below its trend line resistance breakout on weekly charts. RSI has also given double bottom breakout and MACD is also positive.

We recommend to buy Wonderla above 393 and a target of 398-404 may achieved with a stop loss of 387.

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

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MARKET OVERVIEW 9-NOV-2017

9th November 2017 MarketMagnify Daily Report

Our market continued sideways movement on Thursday as well. There is no clear trend that market is following, fight between bulls and bears are what we had seen this week so far. Buying pressure in the last hour of the day forces nifty future to close flat.

Nifty Future closes 6.90 points up at 10631.80, Bank Nifty Future closes 120.45 points up at 25419.40 and sensex was up 32.12 points at 33250.93

Nifty PSU Bank closes in green with gain of 1.55% . Nifty Pharma closes with a loss of 0.62 %

Asian paints, Icici Bank and Bharti Airtel are the top gainers today and Idea, ITC and Coal India end on the losing side.

Investors are waiting for outcome of GST council’s two day meeting due tomorrow and also SBI quarterly earnings. Key support for Nifty future is still 10270 and 10190 which will further decide market movements. Market has shown sideways movements on Thursday as well with some positive intent, trading strategy on Thursday will be based on fundamentals, so traders are advised to stay light on position and avoid taking any undue risk.