Stock to watch for 22nd NOV

APOLLO TYRE

The stock has given trend line breakout on daily chart and also RSI has given resistance level breakout and now at 57.48. MACD has also given upward movement crossover on daily chart and histogram is also shift to positive side

We recommended traders to buy Apollo Tyre above 247 level and target of 251-255 may achieved with a stop loss of 243.

apolo tyre

FIN PIPE

Stock is reversing from its support level with formation of spinning top candlestick pattern on Monday at support level with high volume and confirmation of trend reversal has been done on Tuesday with stochastic oscillator has given upward movement crossover.

finpipe

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DAILY EQUITY REPORT UPDATE

MARKET HIGHLIGHTS

Nifty ended at 10326.90 UP 28.15 and Sensex at 33478.35 UP 118.45 points.

India’s food processing sector may attract $33 bn by 2024: Report.

Divestment likely to cross Budget target after 7 years.

Looking to post sales growth of 12% in FY18: Cochin Shipyard.

Target 25-30% revenue growth over long-term: Mirc Electronics.

Yes Bank raises $400 m loans from Japan, Taiwan.

Maruti Suzuki cuts capex guidance for the fiscal year to Rs 4000 crore.

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY 21

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
DRREDDY 2397.25 2274.45 122.80 5.40
SUNPHARMA 538.80 517.15 21.65 4.19
TECHM 495.00 476.80 18.20 3.82
UPL 755.00 728.90 26.10 3.58
BHARTIARTL 503.90 492.65 11.25 2.28

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
IBULHSGFIN 1172.00 1199.50 -27.50 -2.29
COALINDIA 273.20 278.35 -5.15 -1.85
ITC 255.50 259.20 -3.70 -1.43
POWERGRID 206.00 208.80 -2.80 -1.34
TCS 2670.25 2703.45 -33.20 -1.23

NSE STATS                 

ADVANCES 29
DECLINES 20
UNCHANGED 01

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 21-NOV-17 5995.72 6722.73 -727.01

 DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 21-NOV-17 4073.23 3247.73 825.5

Market Commentary as on 21-Nov.-2017

Indian benchmark indices ended the session12mm on a positive note. Nifty future closes with gain of 31.15 points at 10351.90 and sensex closes with a gain of 118.45 points at 33478.35. After gap up opening market was in consolidation phase and after 2 pm Indian indices started falling tracking weakness in European stocks due to German political uncertainty.

 

Nifty pharma ended the session with gain of 2.22% followed by Nifty media closes with 0.87% gain and Nifty reality closes with a gain of 1.14%

DR Reddys, Sun pharma and Tech Mahindra are the top gainers today and Coal India, ITC and Ambuja Cements are the top losers.

Nifty is in sideways movement and weakness in European stocks due to political uncertainty can further drive market in downside. Although Bank Nifty has been an outperformer during last week but we have seen stock specific movement within banking stocks. Traders are advised to follow stock specific movements and for index Last Week Friday gap area is considered strong support zone in near term.

Trading strategy for Wednesday will be buy on dips as market trend may be consolidate to bullish till market breakdown the gap area.

Support Of Nifty Future is placed at 10310 and 10265.

Resistance Of Nifty Future is placed at 10390 and 10510.

Support Of Bank Nifty Future is placed at 25740 and 25550.

Resistance Of Bank Nifty Future is placed at 25940 and 26010.

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