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

MARKET COMMENTARY AS ON 28th NOV

Barring last couple of hours, the entire day’s activity was quite lackluster as the index remained in a small range for major part of the day. Tuesday market was quite similar to Monday market as market had given gap down opening then market is in consolidate phase till opening of European market and then the only difference come between two days is that in last couple of hours market was in bullish trend on Monday and on Tuesday market was in down trend. As we suggested market is moving in a particular channel and on Tuesday market tested its channel resistance level and then corrected from there which resulted sensex closed with a loss of 105.85 points at 33618.59 and Nifty future closed with a loss 44.85 points of 9.15 at 10373.65.

Major Looses were seen in Pharma and Reality sector both indices down by 0.54% and 0.44%, major gain were seen in Media sector which closes with a gain of 0.71%

Zee Ent, Maruti Suzuki and Asian paints were the top gainers today and Bharti infratel, Auro pharma and NTPC were the top losers.

MARKET OUTLOOK FOR NEXT DAY

Nifty future is moving in channel and breakout on either side will give investors clear trend where Nifty future is heading and directional move in Nifty Future could be expected soon. Market is majorly stock specific from last week as quarterly results are also over and we are heading towards expiry, sideways movement is expected till expiry and also investors is waiting for two main events next month i.e. RBI monetary policy and Federal Reserve will be in focus for U.S monetary policy as investors will look for fresh clues for market trend ahead.

Movement in Indian indices is looking sideways for Wednesday session as well as till Nifty future breakout on either side of the channel. Key support for Nifty future is 10330 and resistance is 10440

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 25800 and 25650.

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

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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

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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.