MORNING TREND UPDATE

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NIFTY TREND-CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 10110
SUPP 2: 9890
RES 1: 10520
RES 2: 10650

BANK NIFTY FUTURE LEVELS
SUPP 1: 25210
SUPP 2: 24780
RES 1: 25750
RES 2: 26080

WORLD MARKET ALERT
HANG SENG 67
NIKKEI 124
SHANGHAI -9
DOWJONES -138
NASDAQ -31
SGX NIFTY 6

INTERNATIONAL MARKET UPDATE
GOLD $ 1278.27
SILVER $ 16.98
COPPER $ 305.60
CRUDE $ 55.34
INR 65.31

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STOCK REPORT AS ON 15th NOV

MARKET HIGHLIGHTS

Nifty ended 10118.05 DOWN 68.55 and Sensex 32760.44 DOWN 181.43 points

Govt may advance planned PSU bank capital infusion of Rs 10,000 crore

India M&A deals likely to reach $46.5 bn in 2017: Report

Targeting above 100% capacity utilisation in H2FY18: Jindal Stainless

ONGC, Cairn bid for 41 oil and gas areas

SBI initiates process to sell NPAs worth Rs 1,580 cr

Expect FY18 revenue growth of 30% YoY: NBCC

NIFTY DAILY

nifty3BANK NIFTY DAILY

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MARKET PERFORMANCE 

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
BPCL 507.00 493.05 13.95 2.83
ASIANPAINT 1183.00 1155.05 27.95 2.42
AMBUJACEM 277.50 271.35 6.15 2.27
TECHM 496.00 487.90 8.10 1.66
EICHERMOT 30530.00 30089.55 440.45 1.46

NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
INFRATEL 380.40 396.95 -16.55 -4.17
SUNPHARMA 504.55 526.05 -21.50 -4.09
VEDL 296.50 308.95 -12.45 -4.03
UPL 721.25 742.75 -21.50 -2.89
HINDALCO 253.65 261.00 -7.35 -2.82

FII TRADING ACTIVITY (NSE & BSE) In Crores 

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 15-NOV-17 5294.73 5676.15 -381.42

DII TRADING ACTIVITY (NSE & BSE) In Crores 

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 15-NOV-17 3895.02 3025.93 869.09

STOCK RECOMMENDATION

SCRIPT NAME RECOMMENDATION LEVEL
KAYA BUY ABOVE 855.00
SOBHA BUY ABOVE 522.00
ADANI TRANS SELL BELOW 197.00
RUSHIL SELL BELOW 965.00

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Stock to watch for 16-NOV-2017

KAYA

The stock is sustaining above support level which is (830-840). Hammer candlestick pattern has been formed on 2 hourly chart and also MACD had also given upward crossover and RSI is at 40.86.
We recommended traders to buy KAYA above 855 level and target of 865-880 may achieved with a stop loss of 840.
kaya

SOBHA

SOBHA is in buying trend and also consolidating around higher levels. Trend line will be considered above 522 levels. Macd had also given upward crossover in 4 hourly chart and RSI is at 57.99 level.
We recommend traders to buy SOBHA above 522 and a target of 529-540 may achieved with a stop loss of 515.
sobha
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Market Commentary as on 15th nov

As we said Nifty future has breakdown its support level and downward movement is expected in Wednesday trading session, our market continues negative movement.

Widening in trade deficit, slowdown in factory output and hike in crude oil prices let equity indices to fall for third consecutive session.

Nifty Future closes 79.25 points down at 10154.35 and sensex was down by 181.43 points at 32760.44.Nifty metals today fell by 2.96% followed by Nifty pharma by 1.99%.

BPCL, Asian paints and Tech Mahindra are the top gainers today and Bharti Airtel, Vedanta and Sun Pharma end on the losing side.

Market Outlook for tomorrow – 

As we suggested downward movement is expected in Nifty future but according to Elliot wave theory (which says every action is followed by reaction) upward correction is expected on Thursday trading session which is a start of 1ST corrective wave (which will be in opposite trend) in downward trend and we aspect market to be bullish on Thursday trading session.

Trading strategy for Thursday will be buy on dips as market trend is looking from consolidate to bullish.

RESISTANCE & SUPPORT LEVELS – 

Support of Nifty future is placed at 10100 and 10020.

Resistance of Nifty future is placed at 10240 and 10380.

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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