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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Market Updates

INTERNATIONAL MARKET UPDATE
GOLD $ 1289.60
SILVER $ 17.18
COPPER $ 316.30
CRUDE $ 57.86
INR 64.80

WORLD MARKET ALERT 
HANG SENG 55
NIKKEI 106
SHANGHAI -15
DOWJONES -64
NASDAQ 4
SGX NIFTY 10

BANK NIFTY TREND -BULLISH 
BANK NIFTY FUTURE LEVELS
SUPP 1: 25540
SUPP 2: 24780
RES 1: 26340
RES 2: 26780

NIFTY TREND-BULLISH 
NIFTY SPOT LEVELS
SUPP 1: 10210
SUPP 2: 9890
RES 1: 10520
RES 2: 10650
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Daily Equity Report as on 22nd Nov

MARKET HIGHLIGHTS

  • Nifty ended at 10342.30 UP 15.40 and Sensex at 33561.55 UP 83.20 points
  • Govt to bring in ordinance for changes in insolvency law
  • India’s annual diesel consumption to rise by two-thirds by 2030
  • Glenmark gets USFDA clearance for contraceptive drug
  • Tata Motors may launch electric Nano in Delhi with Ola for its taxi fleet
  • Simplex Infrastructures expect orders to reflect in revenue from Q3 onwards
  • Looking to be debt free by March 2018, says Lumax Industries
NIFTY DAILY
Nifty1
BANK NIFTY DAILY
bank nifty1

MARKET PERFORMANCE

NIFTY GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
ZEEL 560.65 540.25 20.40 3.78
ADANIPORTS 413.95 400.80 13.15 3.28
GAIL 470.05 459.95 10.10 2.20
AMBUJACEM 266.80 261.65 5.15 1.97
ULTRACEMCO 4228.65 4163.40 65.25 1.57
NIFTY LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
TECHM 482.60 493.85 -11.25 -2.28
BAJFINANCE 1773.80 1809.75 -35.95 -1.99
HINDALCO 256.90 261.45 -4.55 -1.74
DRREDDY 2359.00 2394.15 -35.15 -1.47
AUROPHARMA 698.55 708.85 -10.30 -1.45

NSE MOST ACTIVE SCRIPTS   

COMPANY NAME LAST PRICE PREVCLOSE CHANGE % VALUE(RS.IN LAKH NO.OF SHARE
SBIN 335.50 330.65 1.47 76399.28 2,28,61,716
HDFCLIFE 394.00 385.30 2.26 60511.60 1,52,27,642
HDFC 1719.50 1694.50 1.48 53183.37 30,96,864
RELIANCE 934.10 932.55 0.17 47027.68 50,55,490
PNB 188.80 186.30 1.34 45171.91 2,39,41,016

FII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII/FPI 22-NOV-17 4717.84 5159.3 -441.46

DII TRADING ACTIVITY (NSE & BSE) In Crores

CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
DII 22-NOV-17 3438.83 2601.61 837.22

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