Daily Equity Report As on 24-Nov.-2017

MARKET HIGHLIGHTS

Nifty ended at 10389.70 UP 40.95 and Sensex at 33679.24 UP 91.16 points.

Centre to sanction Rs 1 lakh cr for highways, ports in Tamil Nadu: Nitin Gadkari.

NBFCs’ to have 19% pie of overall loan market by FY20: Report.

Zydus Cadila’s acne drug receives USFDA go-ahead.

EFSL raises Rs 1,527 crore through QIP.

Mahindra to bid for second stage of EESL tender for EVs.

Telecom sector’s serial purchaser Airtel now interested in buying RCom’s spectrum.

NIFTY DAILY

Niftydaily

BANK NIFTY DAILY

Bank nifty

MARKET PERFORMANCE

NIFTY GAINERS                                                                                               

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AUROPHARMA 717.00 694.40 22.60 3.25
GAIL 471.50 462.90 8.60 1.86
INFRATEL 381.00 374.60 6.40 1.71
INFY 1008.00 991.25 16.75 1.69
INDUSINDBK 1670.05 1643.35 26.70 1.62

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDALCO 251.40 255.25 -3.85 -1.51
VEDL 306.00 308.80 -2.80 -0.91
SBIN 332.10 334.95 -2.85 -0.85
ICICIBANK 316.85 319.45 -2.60 -0.81
UPL 744.00 749.20 -5.20 -0.69

NSE STATS                 

ADVANCES 35
DECLINES 15
UNCHANGED 00 


FII TRADING ACTIVITY (NSE & BSE)
In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 24-NOV-17 4327.32 4743.6 -416.28                 


DII TRADING ACTIVITY (NSE & BSE)
In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 24-NOV-17 3389.69 2962.06 427.63

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Stock to watch for 27th NOV

SYNDICATE BANK

The stock is at its resistance level and sustaining around higher level around its resistance level, MACD has also shown upward crossover.

We recommended traders to buy Syndicate Bank Future above 96 level and target of 98-101 may achieved with a stop loss of 93.80.

SYNDICATE BANK

PC JEWELLER

Stock is in bullish trend and consolidating around higher levels but Friday momentum and closing around higher levels is a positive sign for the stock and also MACD has also shown upward crossover and RSI is at 60.03 level.

We recommended traders to buy Pc Jeweller future above 386 level and target of 390-396 may achieved with a stop loss of 381.

PC JEWELLER

Daily Equity Market Update or Share Market Live  News Update visit www.marketmagnify.com or stock market advice Missed Call This No.7879881122.

MARKET COMMENTARY AS ON 24th NOV

After four consecutive range bound trading session finally investors gets some relief from the market on the last day of the week as sensex closed with a gain of 91.16 at 33679.24 and Nifty future closed with a gain of 50.85 at 10417.50 market breadth was positive this time as 1506 shares advanced against a decline of 1227 shares and 154 shares were unchanged.

marLooses were only seen in PSU banks and metal sector both indices down by 0.57%, rest of the indices end with little gain in which Nifty pharma closes with gain of 0.77 followed by Nifty FMCG with a gain of 0.72%

Auro pharma, Indusind Bank and Infosys was the top gainers today and Idea, Hindalco and Vedanta was the top losers.

Nifty future weekly closing showed some positive sign for next week as nifty breaks its crucial resistance level of 10390 and sustain above it, whereas Bank nifty future main hurdle is to cross 25890-25920 level, which is been strong resistance zone, Market trend is looking positive for Monday and  trading strategy for Monday will be buy on dips as market trend may be consolidate to bullish till market breakdown last week Friday gap area.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10380 and 10265.

Resistance of Nifty future is placed at 10490 and 10570.

Support of Bank Nifty future is placed at 25650 and 25550.

Resistance of Bank Nifty future is placed at 25920 and 26010.

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