Stock to watch for 28th NOV

YES BANK

The stock is in consolidation phase from last 4 days and its resistance level is at 319 level, MACD has also shown upward crossover and RSI is also looking positive and now at 45.15 level.

We recommended traders to buy Yes Bank Future above 319 level and target of 321-326 may achieved with a stop loss of 315.

yes bank

8 K MILES

Stock is in bullish trend and given consolidation breakout above 900 level and also stock is near all time high level.

We recommended traders to buy 8 k miles above 947 level and target of 956-970 may achieved with a stop loss of 930.

8k miles

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Daily Equity Report By Market Magnify

MARKET HIGHLIGHTS

Nifty ended at 10399.55 UP 9.85 and Sensex at 33724.44 UP 45.20 points.

India’s gold imports to jump to over 700 tonnes in FY18: GJEPC.

Goldman Sachs sees significant pick-up in growth for India; 2018 GDP just under 8%.

Essar concludes sale of Aegis to Capital Square Partners for $300 million.

UTI Capital mops up over Rs 480 crore via alternative invest fund.

Ashok Leyland, Hino ink pact to develop BS-VI engines.

ONGC officers seek PM intervention to stall Oil Min move.

NIFTY DAILY

NIFTY DAILY

BANK NIFTY DAILY

BANK NIFTY DAILY

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
NTPC 185.95 180.30 5.65 3.13
AXISBANK 559.70 545.50 14.20 2.60
ZEEL 575.35 564.15 11.20 1.99
ONGC 184.05 181.00 3.05 1.69
INFRATEL 385.95 380.80 5.15 1.35

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDPETRO 423.70 430.30 -6.60 -1.53
INFY 996.55 1009.55 -13.00 -1.29
ADANIPORTS 399.60 404.60 -5.00 -1.24
BAJFINANCE 1772.00 1790.00 -18.00 -1.01
TATAMOTORS 421.65 425.50 -3.85 -0.90

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 27-NOV-17 4087.75 4512.52 -424.77

DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 27-NOV-17 2902.5 2833.1 69.4

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TODAY’S MARKET COMMENTARY UPDATE

12mmfter gap down opening Indian equity benchmark indices is in consolidation phase after the S&P reaffirmed India rating and weak Asian market. After opening of European market found some momentum and Late recovery helps Indian market indices to close in green for 8th consecutive session which is led by banking and financial sector as sensex closed with a gain of 45.20 at 33724.44 and Nifty future closed with a gain of 9.15 at 10418.50. Nifty midcap rose half a percent to end at record high.

Looses were only seen in Nifty metals and FMCG sector both indices down by 0.69% and 0.25%, rest of the indices end with little gain in which Nifty Media closes with gain of 2.19%.

Ntpc, Axis Bank and Zee Ent were the top gainers today and Hpcl, Adani Ports and Infosys were the top losers.

Market is looking in consolidation to bullish trend for Tuesday session as well as Nifty future and Bank Nifty future both closes above its resistance level and also technical indicator shows bullish trend is not over yet. As we had seen from 17 Nov Nifty future is moving in particular channel and to continue its bull run it has to break channel resistance level of 10440-10450 which is very crucial and bank nifty future crosses its hurdle of 25890-25920 level today and closes at 25938.80, which had been strong resistance zone. Federal reserve will be in focus for U.S monetary policy this week as investors will look for fresh clues for market trend ahead.

Trading strategy for Tuesday will be buy on dips as market trend is looking consolidate to bullish but major resistance level will be 10450 for Nifty.

Support of Nifty future is placed at 10330 and 10265.

Resistance of Nifty future is placed at 10430 and 10530.

Support of Bank Nifty future is placed at 25880 and 25650.

Resistance of Bank Nifty future is placed at 26010 and 26140.

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