MONTHLY MARKET REPORT :- BHARAT PETROLEUM LTD.

BHARAT PETROLEUM LTD.

Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled Maharatna oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located at Mumbai and Kochi. The company is ranked 358th on the Fortune Global 500 list of the world’s biggest corporations as of 2016. Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Chef Rohit Oil Company, which had been formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma. In 1928, Asiatic Petroleum Company (India) started cooperation with Burma oil company. This alliance led to the formation of Burmah-Shell Oil Storage and Distributing Company of India Limited. Burmah Shell began its operations with import and marketing of Kerosene.  On 24 January 1976, the Burmah Shell was taken over by the Government of India to form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude Bombay High. » Read more

Stock to watch for 5TH DEC

NAVIN FLUOR

We recommended traders to BUY NAVIN FLUOR above 705 level and target of 715-728 may achieved with a stop loss of 695.

NAVIN FLUOR

DOLPHIN OFFSHORE

We recommended traders to SELL DOLPHIN OFFSHORE above 120 level and target of 118-115 may achieved with a stop loss of 123.

DOLPHIN OFFSHORE

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

Daily Equity Report As on 29-Nov-2017

MARKET HIGHLIGHTS

Nifty ended at 10361.30 DOWN 8.95 and Sensex at 33602.76 DOWN 15.83 points

Analysts forecast better Q2 show with a GDP print of 6.4%

India’s wheat, pulses output seen rising, to curb imports

Future Supply Chain Solutions IPO priced at Rs 660 to Rs 664 per share

NMDC to decide on iron ore price revision in first week of December

Jet Airways tying up with Air France-KLM a positive development: CAPA

Securities class action lawsuit served on Dr Reddy’s in US

NIFTY DAILY

Nifty1

 

BANK NIFTY DAILY

Bank nifty1

MARKET PERFORMANCE

NIFTY GAINERS                                                                                 

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
BOSCHLTD 20050.00 18982.45 1067.55 5.62
INFRATEL 383.65 377.85 5.80 1.54
WIPRO 299.20 294.85 4.35 1.48
ADANIPORTS 402.05 396.95 5.10 1.28
COALINDIA 277.05 274.35 2.70 0.98

NIFTY LOSERS          

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AXISBANK 548.50 562.55 -14.05 -2.50
ZEEL 575.90 586.65 -10.75 -1.83
ASIANPAINT 1150.90 1171.00 -20.10 -1.72
HINDALCO 246.40 250.65 -4.25 -1.70
VEDL 298.30 302.80 -4.50 -1.49

NSE STATS                 

ADVANCES 23
DECLINES 27
UNCHANGED 00

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 29-NOV-17 4660.25 5519.52 -859.27

 DII TRADING ACTIVITY (NSE & BSE) In Crores  

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 29-NOV-17 3805.47 3034.4 771.07

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

Stock to watch for 24th NOV

REPRO INDIA

The stock has given channel breakout and sustained and closes above its resistance level 750, MACD has also shown upward crossover and RSI is at 53.02 level

We recommended traders to buy REPRO INDIA above 760 level and target of 768-780 may achieved with a stop loss of 748.

Reproindia

TBZ

Stock is in bullish trend and has given consolidation breakout above level of 135 and after that consolidating around level 138-140, MACD has also shown upward crossover and RSI is at 70.72 level

We recommended traders to buy TBZ above 141 level and target of 143-147 may achieved with a stop loss of 138.
TBZ

 

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MARKET OVERVIEW

Another range bound session of Indian benchmark indices had once again closes on a positive note and also continue its sideways movement on Thursday as well. There is no clear trend where market is heading towards. Both Nifty and Nifty Bank are in the sideways movement whereas market breadth was positive this time as 1442 shares advanced against a decline of 1255 shares. Nifty future closes with gain of 12.15 points at 10370.10 and sensex closes with a gain of 26.53 points at 33588.08.
Nifty IT ended the session on positive note ended with gain of 1.02% and Nifty PSU bank closes with a loss of 0.36%
Infosys, Sun pharma, Reliance are the top gainers today and Idea, Dr Reddy Labs and Adani ports are the top losers.
After 3 consecutive range bound session the only thing which is positive is Nifty closing, which is continuously positive and last 3 day high of Nifty future is around 10389 which is now strong resistance level. Traders can enter in Nifty future above the breakout of 10390 and in bank nifty future above 25850. As we said last Friday gap area is still considered strong support zone in near term.
Trading strategy for Friday will be buy on dips as market trend may be consolidate to bullish till market breakdown the gap area. 
RESISTANCE & SUPPORT LEVELS –
Support of Nifty future is placed at 10310 and 10265.
Resistance of Nifty future is placed at 10390 and 10510.
Support of Bank Nifty future is placed at 257650 and 25550.
Resistance of Bank Nifty future is placed at 25850 and 26010.
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