Market Magnify:- Daily Equity Report As on 15-Dec.-2017

MARKET HIGHLIGHTS

  1. Nifty ended 10333.25 UP 81.15 and Sensex 33462.97 UP 216.97 points.
  2. Govt raises customs duty on some electronic items including TV.
  3. Government may phase out kerosene subsidy by 2020.
  4. Torrent Pharma raises Rs 1,000 cr via NCDs.
  5. Bhel bags Rs 7,300 cr order to set up plant in Tamil Nadu.
  6. ITC ventures into value-added dairy products, to launch milk-based drinks soon.
  7. Will look to raise capital from govt in Q4FY18: Union Bank of India.

» Read more

Market Magnify:- Daily Equity Report As on 14-Dec.-2017

MARKET HIGHLIGHTS

  • Nifty ended 10252.10 UP 59.15 and Sensex 33246.70 UP 193.66 points
  • India to auction 5GW offshore wind projects in 2018
  • November wholesale inflation at 3.93% vs 3.59% in October
  • Torrent completes acquisition of Unichem’s branded business
  • Infosys to announce Q3 results on January 12
  • ABB India bags order from Emami Cement
  • Adani Capital invests Rs 100 cr in Infrastructure sector firm BSCPL

» Read more

Stock to watch for 1-DEC.-2017

SRT FUTURE

We recommended traders to buy SRT FUT above 1330 level and target of 1340-1355 may achieved with a stop loss of 1315.

SRT1

RUSHIL DECOR

We recommended traders to buy RUSHIL DECOR above 910 level and target of 920-935 may achieved with a stop loss of 895.

Rushil decor

For Daily Commodity Market Update visit www.marketmagnify.com or Missed Call This No.7879881122

Stock to watch for 30th NOV

SRT FUTURE

We recommended traders to buy SRT FUT above 1345 level and target of 1353-1365 may achieved with a stop loss of 1334.

SRT

TATA METALI

We recommended traders to buy TATA METALI above 837 level and target of 847-860 may achieved with a stop loss of 825.

Tata metalli

For more information visit our site www.marketmagnify.com  or missed call 7879881122.

Stock Market Commentary

Equity bench1Aamark indices open on flat note tracking Asian market before expiry day and continue its sideways movement throughout the day as November contracts expiry due on Thursday also caused volatility in the market. Nifty future close at a discount of 7 points at 10354.15 with a loss of 23.40 and Nifty spot close at 10361.30 with a loss of 8.95 and also bank nifty future close at a discount of 6.70 points. The Equity benchmark index attempted to give upward movement, although the index traded above their respected day high, the bulls clearly failed to push the prices higher as the index heavyweights were not participating in the up move.

As we said Nifty future is moving in particular channel, sideways movement is expected before expiry day. After 2 months of relative peace, North Korea launched its most powerful weapon on early Wednesday, which is the biggest concern right now for the market.

Looses were seen in PSU Bank and Media sector both indices down by 0.93% and 0.41%, major gain were seen in reality sector which closes with a gain of 0.89%

Wipro, Sun Pharma, Bosch and Bharti Infratel were the top gainers, while Axis Bank, Asian Paints, and Zee Entertainment lost the most.

North Korea weapon lounged is the biggest concern for the market as investor and big institution will want to close their long position in the market and this will add selling pressure. Since, we are now approaching current month expiry, we expect volatility to pick up and hence, one needs to be very selective while entering into a trade and we would like to advise investors and traders to avoid carry your long position till global tension remains.

If we closely observe today Nifty future price action, Nifty future tried to hold 10400 mark but turned unsuccessful and now is near channel support level 10330 and breakdown of which will result in directional movement and if it doesn’t break down its channel support level we can see recovery in equity indices. 

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10330 and 10265.

Resistance of Nifty future is placed at 10440 and 10530.

Support of Bank Nifty future is placed at 25700 and 25550.

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

For more information visit our site www.marketmagnify.com  or missed call 7879881122.

1 2 3 54