Stock to watch for 15th NOV

GNFC

The stock has made all time high on 24 Oct 2017 and since then corrected to the level of 423 and now stock has taken support of 38.2% Fibonacci retracement support level and also formed resistance around 450-452 zone.

We recommended traders to buy GNFC above 452 level and target of 457-465 may achieved with a stop loss of 444

gnfc

AJANTA PHARMA 

Ajanta Pharma is in consolidating phase from past 5 trading session above 25 days moving average and on Tuesday stock has shown buying movement which would further continue. RSI is placed at 57.29 level.

We recommend traders to buy Ajanta Pharma above 1242 and a target of 1255-1275 may achieved with a stop loss of 1230.

AJantapharma

DAILY EQUITY REPORT UPDATE 14/11/2017

MARKET HIGHLIGHTS

Nifty ended 10186.60 DOWN 38.35 and Sensex 32941.87 DOWN 91.69 points.

India’s wholesale inflation hardens to six-month high of 3.59% in October.

India services export flat at $14 bn in September, import grows.

Sun Pharma net profit falls 59 percent to Rs 912 crore in Q2.

ONGC executives ask Centre to rethink offering some oilfields to private firms.

Dr Reddy’s Laboratories launches anti-cancer drug in US market.

Targeting 11-11.5% EBITDA margins for FY18: Minda Industries.

NIFTY DAILY

NIFTY14BANK NIFTY DAILY

BANKNIFTY14

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HEROMOTOCO 3655.00 3579.90 75.10 2.10
AXISBANK 547.60 537.35 10.25 1.91
RELIANCE 887.50 875.25 12.25 1.40
BAJAJ-AUTO 3268.00 3223.00 45.00 1.40
BAJFINANCE 1752.00 1728.75 23.25 1.34

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
INFRATEL 394.75 415.50 -20.75 -4.99
IOC 387.00 396.85 -9.85 -2.48
LT 1211.00 1240.55 -29.55 -2.38
HINDPETRO 410.55 420.10 -9.55 -2.27
VEDL 308.20 314.70 -6.50 -2.07

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 14-NOV-17 8052.25 5475.27 2576.98

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 14-NOV-17 3211.77 3213.07 -1.30

 

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TODAY’S MARKET OVERVIEW

Our market continued sideways movement on Tuesday as well. Market indices open negative today due to negative Asian markets and after that continues its sideways movement (mainly negative). As we said earlier, on technical charts Nifty has shows trend line breakout, which shows trend reversal. European stocks traded around flat line due to negative economic data from China. Nifty reality closes with marginal gain of 0.48% followed by Nifty auto by 0.20%.Today Nifty PSU banks fell by 0.65% followed by Nifty IT 0.60%.

Nifty closes 38.35 points down at 10186.60; and sensex was down by 91.69 points at 32941.87.

Hero Moto, Axis Bank and Bajaj Finance are the top gainers today and Bharti Infratel, Larsen and HPCL end on the losing side.

Technical and fundamental both suggesting us to remain caution as Nifty Future has breakdown its support level, trend line breakdown suggested trend reversal and also MACD has shown downward crossover. As China economic data disappoints negative sentiments will remain in the market till any further positivity comes to turnaround.

Trading strategy on Wednesday will be sell on high as market trend is looking from consolidate to bearish.

CaptureAJ

Resistance & Support Levels – 

Support of Nifty future is placed at 10190 and 10100.
Resistance of Nifty future is placed at 10380 and 10520.
Support of Bank Nifty future is placed at 25230 and 25100.
Resistance of Bank Nifty future is placed at 25550 and 25720.
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