Stock to watch for 10th NOV

VADILAL IND

 
The stock is currently taking support of 38.2% Fibonacci retracement level and also MACD has given upward crossover, RSI is placed at 41.76 level.
Breakout will be considered above 930 level and target of 942-955 may achieved with a stop loss of 915.
vadilal

WONDERLA 

Wonderla is now trading at higher levels just below its trend line resistance breakout on weekly charts. RSI has also given double bottom breakout and MACD is also positive.

We recommend to buy Wonderla above 393 and a target of 398-404 may achieved with a stop loss of 387.

wonderala

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MARKET OVERVIEW 9-NOV-2017

Our market continued sideways movement on Thursday as well. There is no clear trend that market is following, fight between bulls and bears are what we had seen this week so far. Buying pressure in the last hour of the day forces nifty future to close flat.

Nifty Future closes 6.90 points up at 10631.80, Bank Nifty Future closes 120.45 points up at 25419.40 and sensex was up 32.12 points at 33250.93

Nifty PSU Bank closes in green with gain of 1.55% . Nifty Pharma closes with a loss of 0.62 % 

Asian paints, Icici Bank and Bharti Airtel are the top gainers today and Idea, ITC and Coal India end on the losing side.

Investors are waiting for outcome of GST council’s two day meeting due tomorrow and also SBI quarterly earnings. Key support for Nifty future is still 10270 and 10190 which will further decide market movements. Market has shown sideways movements on Thursday as well with some positive intent, trading strategy on Thursday will be based on fundamentals, so traders are advised to stay light on position and avoid taking any undue risk.

RESISTANCE & SUPPORT LEVELS – 

Support of Nifty future is placed at 10270 and 10190.

Resistance of Nifty future is placed at 10415 and 10550.

Support of Bank Nifty future is placed at 25110 and 24950.

Resistance of Bank Nifty future is placed at 25520 and 25720.

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