Equity Report

Nifty 7/20/2018 8:55:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10976 -1.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.21%, while the BSE Sensex 30 index lost 0.06%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd, which rose 2.79% or 23.65 points to trade at 869.85 at the close. Bharti Airtel Ltd. added 1.84% or 6.20 points to end at 345.00 and Yes Bank Ltd was up 2.25% or 8.65 points to 392.30 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 6.07% or 12.90 points to trade at 197.60 in late trade. Bharti Infratel Ltd declined 4.56% or 13.65 points to end at 285.30 and Kotak Mahindra Bank Ltd. shed 3.78% or 52.80 points to 1347.40.

The breadth, indicating the overall health of the market, 1713 fell and 792 advanced, while 139 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.74 to 68.985.

 

CASH FLOW ANALYSIS

FII DII Activity 19th July 2018, In the cash market today, FII’s sold 315 crores stock whereas DII’s bought 470 crores worth of stock. In the derivative market, FII’s bought 1079 crore of Index futures and bought 1641 crores worth of Index options. In the Stock futures segment, FII’s bought 110 crores worth of stock futures and bought 96 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10900. The downside rally could be testing all the way through 10850-10800 levels in upcoming sessions. Alternatively, if the keys support holds strong then the market might retest the same and turn bullish. The upside rally could test 11000-11070 levels. Key resistance holds at 11070.


Research Report call:

Technical Chart:
Bank Nifty 7/20/2018 8:41:00 AM

Technical outlook

Bank nifty daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend after retesting near the pattern’s resistance line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26650. The downside rally could be testing all the way through 26450-26200 levels in upcoming sessions. Alternatively, if the keys support holds strong then the market might retest the same and turn bullish. The upside rally could test 26900-27100 levels. Key resistance holds at 27100.


Research Report call:

Technical Chart:
Nifty 7/19/2018 9:07:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11003.50 +21.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.25%, while the BSE Sensex 30 index lost 0.40%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd, which rose 4.03% or 46.45 points to trade at 1199.65 at the close. Oil and Natural Gas Corporation Ltd added 2.66% or 4.15 points to end at 160.30 and Bharat Petroleum Corp. Ltd. was up 2.25% or 8.85 points to 402.35 in late trade.

Biggest losers included Tata Steel Ltd, which lost 5.33% or 28.35 points to trade at 504.25 in late trade. Hindalco Industries Ltd. declined 3.01% or 6.60 points to end at 212.40 and Vedanta Ltd shed 2.95% or 6.20 points to 203.70.

The breadth, indicating the overall health of the market, 1665 fell and 840 advanced, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.32 to 68.585.

 

CASH FLOW ANALYSIS

FII DII Activity 18th July 2018, In the cash market today, FII’s bought 95 crores stock whereas DII’s bought 111 crores worth of stock. In the derivative market, FII’s bought 357 crore of Index futures and bought 1626 crores worth of Index options. In the Stock futures segment, FII’s sold 601 crores worth of stock futures and bought 15 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 10950-10900 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 11070 then it might turn bullish once again. The upside rally could test 11150-11200 levels. Key support holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 7/19/2018 9:00:00 AM

Technical outlook

Bank nifty daily chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend retesting the pattern’s resistance line. The market is expected to continue on bearish momentum, testing all the way through 26750-26600 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 27100, then it might turn bullish once again. The upside rally could test 27200-27300 levels. Key support holds at 26600.


Research Report call:

Technical Chart:
Nifty 7/18/2018 7:54:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11056 +31 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.65%, while the BSE Sensex 30 index climbed 0.54%.

The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd, which rose 7.15% or 18.90 points to trade at 281.30 at the close. Indian Oil Corporation Ltd added 4.89% or 7.70 points to end at 164.45 and AXIS Bank Ltd was up 3.01% or 15.70 points to 537.90 in late trade.

Biggest losers included Hindustan Unilever Ltd., which lost 3.61% or 63.25 points to trade at 1681.70 in late trade. Tech Mahindra Ltd declined 1.11% or 7.30 points to end at 646.80 and Bharti Airtel Ltd. shed 1.40% or 4.85 points to 342.55.

The breadth, indicating the overall health of the market, 1397 rose and 1091 declined, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09 to 68.425.

 

CASH FLOW ANALYSIS

FII DII Activity 17th July 2018, In the cash market today, FII’s sold 673 crores stock whereas DII’s bought 840 crores worth of stock. In the derivative market, FII’s sold 375 crore of Index futures and bought 652 crores worth of Index options. In the Stock futures segment, FII’s bought 268 crores worth of stock futures and bought 4 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above e key resistance holding at 11070. The upside rally could be testing all the way through 11150-11300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 11000-10900 levels. Key support holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 7/18/2018 7:43:00 AM

Technical outlook

Bank nifty daily chart has formed “Rectangle chart” pattern. The last session ended up strongly bullish in trend after retesting near an interim support level inside the pattern. The market is expected to continue on bullish momentum, once the same breaks above a key support holding at 27100. The upside rally could be testing all the way through 27300-27500 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 26800-26600 levels. Key support holds at 26600.


Research Report call:

Technical Chart:
Nifty 7/17/2018 8:49:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10937 -11 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.74%, while the BSE Sensex 30 index declined 0.60%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 2.53% or 16.25 points to trade at 657.30 at the close. NTPC Ltd added 1.44% or 2.20 points to end at 155.60 and Infosys Ltd was up 1.41% or 18.60 points to 1332.85 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd, which lost 9.74% or 225.90 points to trade at 2093.95 in late trade. Tata Steel Ltd declined 7.04% or 39.35 points to end at 519.25 and Lupin Ltd shed 5.48% or 47.45 points to 818.15.

The breadth, indicating the overall health of the market, 2011 fell and 524 advanced, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.20 to 68.630.

 

CASH FLOW ANALYSIS

FII DII Activity 16th July 2018, In the cash market today, FII’s sold 518 crores stock whereas DII’s bought 531 crores worth of stock. In the derivative market, FII’s bought 595 crore of Index futures and bought 1700 crores worth of Index options. In the Stock futures segment, FII’s sold 464 crores worth of stock futures and sold 70 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10900. The downside rally could be testing all the way through 10850-10800 levels in upcoming sessions. Alternatively, if the keys support holds strong then the market might retest the same and turn bullish. The upside rally could test 10980-11070 levels. Key resistance holds at 11070.


Research Report call:

Technical Chart:
Bank Nifty 7/17/2018 8:45:00 AM

Technical outlook

Bank nifty daily chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend after retesting near the pattern’s resistance line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26600. The downside rally could be testing all the way through 26300-26100 levels in upcoming sessions. Alternatively, if the keys support holds strong then the market might retest the same and turn bullish. The upside rally could test 26900-27100 levels. Key resistance holds at 27100.


Research Report call:

Technical Chart:
Nifty 7/16/2018 8:59:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11018.50 -10.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.04%, while the BSE Sensex 30 index lost 0.02%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd, which rose 3.72% or 30.05 points to trade at 838.70 at the close. Bharat Petroleum Corp. Ltd. added 2.57% or 9.70 points to end at 386.65 and Bajaj Finance Ltd was up 2.44% or 59.00 points to 2468.60 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 4.54% or 24.25 points to trade at 508.70 in late trade. Bharti Infratel Ltd declined 3.76% or 11.80 points to end at 302.70 and UPL Ltd shed 2.35% or 13.65 points to 562.55.

The breadth, indicating the overall health of the market, 1782 fell and 768 advanced, while 125 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.28 to 68.464.

 

CASH FLOW ANALYSIS

FII DII Activity 13th July 2018, In the cash market today, FII’s sold 1104 crores stock whereas DII’s bought 872 crores worth of stock. In the derivative market, FII’s bought 1459 crore of Index futures and sold 1193 crores worth of Index options. In the Stock futures segment, FII’s bought 517 crores worth of stock futures and sold 110 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 10950-10850 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 11050 then it might continue in bullish momentum. The upside rally could test 11100-11200 levels. Key support holds at 10850.


Research Report call:

Technical Chart:
Bank Nifty 7/16/2018 8:49:00 AM

Technical outlook

Bank nifty daily chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend after retesting near the pattern’s resistance line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26800. The downside rally could be testing all the way through 26600-26400 levels in upcoming sessions. Alternatively, if the keys support holds strong then the market might retest the same and turn bullish. The upside rally could test 27000-27100 levels. Key resistance holds at 27100.


Research Report call:

Technical Chart:
Nifty 7/13/2018 8:46:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11055.50 +32.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.68% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.78%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd, which rose 4.05% or 42.10 points to trade at 1082.35 at the close. Bharat Petroleum Corp. Ltd. added 2.89% or 10.60 points to end at 377.35 and Wipro Ltd was up 2.46% or 6.70 points to 279.45 in late trade.

Biggest losers included UPL Ltd, which lost 4.21% or 25.40 points to trade at 581.95 in late trade. Vedanta Ltd declined 2.87% or 6.25 points to end at 211.40 and Bajaj Auto Ltd shed 2.04% or 64.45 points to 3096.70.

The breadth, indicating the overall health of the market, 1439 fell and 1116 advanced, while 157 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.45 to 68.535.

 

CASH FLOW ANALYSIS

FII DII Activity 12th July 2018, In the cash market today, FII’s sold 742 crores stock whereas DII’s bought 366 crores worth of stock. In the derivative market, FII’s bought 581 crore of Index futures and bought 3151 crores worth of Index options. In the Stock futures segment, FII’s bought 1164 crores worth of stock futures and sold 52 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up consolidated but bullish in trend retesting the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 10950-10850 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 11050 then it might continue in bullish momentum. The upside rally could test 11100-11200 levels. Key support holds at 10850.


Research Report call:

Technical Chart:
Bank Nifty 7/13/2018 8:33:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last session ended up bullish in trend retesting near the pattern’s resistance line. The market is expected to continue on bearish momentum, testing all the way through 26900-26800 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 27100 then it might turn bullish once again. The upside rally could test 27200-27300 levels. Key support holds at 26800.


Research Report call:

Technical Chart:
Nifty 7/12/2018 8:44:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10980.50 +33 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.01% to hit a new 3-month high, while the BSE Sensex 30 index gained 0.07%.

The biggest gainers of the session on the Nifty 50 were Tata Consultancy Services Ltd., which rose 5.59% or 104.80 points to trade at 1979.90 at the close. Bharti Infratel Ltd added 3.88% or 11.85 points to end at 317.15 and Bajaj Auto Ltd was up 2.19% or 67.65 points to 3161.60 in late trade.

Biggest losers included UPL Ltd, which lost 5.28% or 33.65 points to trade at 603.45 in late trade. Coal India Ltd declined 4.90% or 13.65 points to end at 264.80 and Hindalco Industries Ltd. shed 3.60% or 8.25 points to 220.80.

The breadth, indicating the overall health of the market, 1529 fell and 1020 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.20 to 68.772.

 

CASH FLOW ANALYSIS

FII DII Activity 11th July 2018, In the cash market today, FII’s bought 636 crores stock whereas DII’s bought 15 crores worth of stock. In the derivative market, FII’s bought 708 crore of Index futures and sold 628 crores worth of Index options. In the Stock futures segment, FII’s bought 766 crores worth of stock futures and sold 66 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up consolidated in rallying towards the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11000. The upside rally could be testing all the way through 11100-11200 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10900-10800 levels. Key support holds at 10800.


Research Report call:

Technical Chart:
Bank Nifty 7/12/2018 8:38:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Right angled ascending broadening wedge” pattern. The last session ended up bearish in trend retesting the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 26600-26300-26060 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 26900 then it might turn bullish once again. The upside rally could test 27100-27200 levels. Key support holds at 26060.


Research Report call:

Technical Chart:
Nifty 7/11/2018 9:19:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10932 -26 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.87% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.85%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 4.76% or 16.55 points to trade at 363.95 at the close. Hindalco Industries Ltd. added 3.15% or 7.00 points to end at 229.05 and Reliance Industries Ltd was up 2.87% or 28.60 points to 1025.70 in late trade.

Biggest losers included Hindustan Petroleum Corporation Ltd, which lost 1.92% or 5.25 points to trade at 268.30 in late trade. Indian Oil Corporation Ltd declined 1.30% or 2.05 points to end at 155.25 and IndusInd Bank Ltd. shed 1.18% or 23.20 points to 1935.10.

The breadth, indicating the overall health of the market, 1620 rose and 937 declined, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.19 to 68.785.

 

CASH FLOW ANALYSIS

FII DII Activity 10th July 2018, In the cash market today, FII’s sold 570 crores stock whereas DII’s bought 740 crores worth of stock. In the derivative market, FII’s bought 1771 crore of Index futures and sold 587 crores worth of Index options. In the Stock futures segment, FII’s bought 295 crores worth of stock futures and sold 72 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend towards the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11000. The upside rally could be testing all the way through 11100-11200 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10900-10800 levels. Key support holds at 10800.


Research Report call:

Technical Chart:
Bank Nifty 7/11/2018 9:07:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Megaphone chart” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above the resistance holding near 26950. The upside rally could be testing all the way through 27100-27200 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 26800-26600 levels. Key support holds at 26600.


Research Report call:

Technical Chart:
Nifty 7/10/2018 9:02:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10893.50 +23.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.74%, while the BSE Sensex 30 index added 0.78%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 3.42% or 7.50 points to trade at 226.60 at the close. YesBank Ltd added 3.03% or 10.70 points to end at 363.30 and Asian Paints Ltd. was up 3.00% or 39.65 points to 1363.10 in late trade.

Biggest losers included Tata Consultancy Services Ltd., which lost 1.57% or 29.95 points to trade at 1883.00 in late trade. UltraTech Cement Ltd declined 1.39% or 55.10 points to end at 3899.25 and Titan Company Ltd shed 0.95% or 7.85 points to 821.80.

The breadth, indicating the overall health of the market, 1662 rose and 898 declined, while 140 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.04 to 68.735.

 

CASH FLOW ANALYSIS

FII DII Activity 9th July 2018, In the cash market today, FII’s sold 569 crores stock whereas DII’s bought 740 crores worth of stock. In the derivative market, FII’s bought 869 crore of Index futures and bought 1007 crores worth of Index options. In the Stock futures segment, FII’s sold 90 crores worth of stock futures and bought 50 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Descending broadening wedge” pattern. The last few sessions ended up consolidated but bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10860. The upside rally could be testing all the way through 10900-10950 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10800-10730 levels. Key support holds at 10730.


Research Report call:

Technical Chart:
Bank Nifty 7/10/2018 8:51:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions ended up bullish in trend near the pattern’s resistance zone. The market is expected to continue on bullish momentum, once the same breaks above the resistance holding near 26770. The upside rally could be testing all the way through 26900-27100 levels in upcoming sessions. Alternatively, if the resistance zone holds strong then the market might retest the same and turn bearish. The downside rally could test 26600-26400 levels. Key support holds at 26400.


Research Report call:

Technical Chart:
Nifty 7/9/2018 8:37:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10834.50 +68.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.21%, while the BSE Sensex 30 index added 0.23%.

The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd, which rose 4.54% or 11.65 points to trade at 268.05 at the close. Hero MotoCorp Ltd added 4.05% or 142.05 points to end at 3637.10 and Tata Motors Ltd was up 3.04% or 7.95 points to 270.85 in late trade.

Biggest losers included Cipla Ltd., which lost 2.25% or 14.10 points to trade at 612.50 in late trade. Tech Mahindra Ltd declined 1.81% or 11.70 points to end at 634.90 and Sun Pharmaceutical Industries Ltd. shed 1.40% or 7.95 points to 558.10.

The breadth, indicating the overall health of the market, 1410 rose and 1149 declined, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23 to 68.965.

 

CASH FLOW ANALYSIS

FII DII Activity 6th July 2018, In the cash market today, FII’s sold 968 crores stock whereas DII’s bought 1480 crores worth of stock. In the derivative market, FII’s bought 155 crore of Index futures and bought 71 crores worth of Index options. In the Stock futures segment, FII’s bought 479 crores worth of stock futures and sold 82 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Falling wedge” pattern. The last session ended up consolidated but bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10800. The upside rally could be testing all the way through 10850-10900 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 10700 and furthermore levels. Key support holds at 10700.


Research Report call:

Technical Chart:
Bank Nifty 7/9/2018 8:32:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions ended up consolidated but bullish in trend inside the channel. The market is expected to continue on bullish momentum, testing all the way through 26650-26770 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26400-26200-26060 levels. Key resistance holds at 26770 and support at 26060.


Research Report call:

Technical Chart:
Nifty 7/6/2018 8:59:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10715 -43 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.19%, while the BSE Sensex 30 index lost 0.20%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 3.89% or 13.05 points to trade at 348.65 at the close. UltraTech Cement Ltd added 3.86% or 146.20 points to end at 3936.25 and ITC Ltd was up 3.16% or 8.35 points to 272.50 in late trade.

Biggest losers included Titan Company Ltd, which lost 5.70% or 50.55 points to trade at 838.00 in late trade. Infosys Ltd declined 4.36% or 58.70 points to end at 1284.00 and Tata Steel Ltd shed 3.08% or 17.60 points to 553.30.

The breadth, indicating the overall health of the market, 1517 fell and 1010 advanced, while 139 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09 to 68.925.

 

CASH FLOW ANALYSIS

FII DII Activity 5th July 2018, In the cash market today, FII’s sold 159 crores stock whereas DII’s sold 296 crores worth of stock. In the derivative market, FII’s bought 704 crore of Index futures and bought 764 crores worth of Index options. In the Stock futures segment, FII’s bought 192 crores worth of stock futures and bought 111 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend retesting the channel’s resistance slope line. The market is expected to continue on bearish momentum, testing all the way through 10700-10560 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 10800 then it might turn bullish once again. The upside rally could test 10840-10880 levels. Key support holds at 10560.


Research Report call:

Technical Chart:
Bank Nifty 7/6/2018 8:51:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last session ended up consolidated but bullish in trend inside the channel. The market is expected to continue on bullish momentum, testing all the way through 26650-26800 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26300-26060 levels. Key resistance holds at 26800 and support at 26060.


Research Report call:

Technical Chart:
Nifty 7/5/2018 8:48:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10775 +2 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.65%, while the BSE Sensex 30 index gained 0.75%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd, which rose 4.42% or 126.40 points to trade at 2979.05 at the close. Lupin Ltd added 3.86% or 34.90 points to end at 934.20 and Maruti Suzuki India Ltd. was up 2.78% or 249.80 points to 9220.80 in late trade.

Biggest losers included Hindustan Petroleum Corporation Ltd, which lost 2.59% or 6.70 points to trade at 252.30 in late trade. Grasim Industries Ltd declined 2.01% or 19.85 points to end at 965.45 and Cipla Ltd. shed 1.98% or 12.65 points to 628.90.

The breadth, indicating the overall health of the market, 1313 fell and 1222 advanced, while 122 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.31 to 68.725.

 

CASH FLOW ANALYSIS

FII DII Activity 4th July 2018, In the cash market today, FII’s sold 284 crores stock whereas DII’s bought 611 crores worth of stock. In the derivative market, FII’s sold 549 crore of Index futures and bought 883 crores worth of Index options. In the Stock futures segment, FII’s bought 93 crores worth of stock futures and sold 32 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10800. The upside rally could be testing all the way through 10850-10900 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10650-10560 levels. Key support holds at 10560.


Research Report call:

Technical Chart:
Bank Nifty 7/5/2018 8:43:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last session ended up bullish in trend after a few consolidations near the pattern’s horizontal support line. The market is expected to continue on bullish momentum, testing all the way through 26600-26800 levels in upcoming sessions. Alternatively, if the market breaks below the pattern’s support line holding at 26060 then it might turn bearish once again. The downside rally could test 25850-25600 levels. Key resistance holds at 26800.


Research Report call:

Technical Chart:
Nifty 7/4/2018 9:00:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10703 -29.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.40%, while the BSE Sensex 30 index gained 0.32%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 4.21% or 26.00 points to trade at 640.40 at the close. Sun Pharmaceutical Industries Ltd. added 1.69% or 9.50 points to end at 573.60 and Bajaj Finserv Ltd was up 2.06% or 119.25 points to 5885.20 in late trade.

Biggest losers included Vedanta Ltd, which lost 3.69% or 8.85 points to trade at 231.05 in late trade. Bharti Infratel Ltd declined 2.48% or 7.40 points to end at 291.50 and ICICI Bank Ltd shed 1.50% or 4.15 points to 272.90.

The breadth, indicating the overall health of the market, 1305 rose and 1227 declined, while 125 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09 to 68.645.

 

CASH FLOW ANALYSIS

FII DII Activity 3rd July 2018, In the cash market today, FII’s sold 1043 crores stock whereas DII’s bought 278 crores worth of stock. In the derivative market, FII’s bought 47 crore of Index futures and bought 116 crores worth of Index options. In the Stock futures segment, FII’s bought 480 crores worth of stock futures and bought 4 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Head & Shoulders chart” pattern. The last session ended up forming a “Hammer” candlestick pattern in bullish trend, which could be read as a trend reversal pattern. The market is expected to continue on bearish momentum, testing all the way through 10640-10560 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 10750 then it might continue in bullish momentum. The upside rally could test 10840-10900 levels. Key support holds at 10560.


Research Report call:

Technical Chart:
Bank Nifty 7/4/2018 8:56:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions ended up consolidated retesting near the pattern’s horizontal support line. The market is expected to continue on bullish momentum, testing all the way through 26500-26800 levels in upcoming sessions. Alternatively, if the market breaks below the pattern’s support line holding at 26060 then it might turn bearish once again. The downside rally could test 25850-25600 levels. Key resistance holds at 26800.


Research Report call:

Technical Chart:
Nifty 7/3/2018 9:02:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10639 -11 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.53%, while the BSE Sensex 30 index declined 0.45%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd., which rose 2.26% or 28.60 points to trade at 1293.05 at the close. Titan Company Ltd added 2.15% or 18.90 points to end at 897.40 and Infosys Ltd was up 2.10% or 27.50 points to 1334.70 in late trade.

Biggest losers included NTPC Ltd, which lost 3.51% or 5.60 points to trade at 153.55 in late trade. Bharti Airtel Ltd. declined 3.52% or 13.45 points to end at 368.05 and Hindalco Industries Ltd. shed 3.45% or 7.95 points to 223.25.

The breadth, indicating the overall health of the market, 1630 fell and 913 advanced, while 134 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.38 to 68.707.

 

CASH FLOW ANALYSIS

FII DII Activity 2nd July 2018, In the cash market today, FII’s sold 1205 crores stock whereas DII’s bought 366 crores worth of stock. In the derivative market, FII’s sold 349 crore of Index futures and bought 319 crores worth of Index options. In the Stock futures segment, FII’s sold 349 crores worth of stock futures and bought 319 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Head & Shoulders chart” pattern. The last session ended up bullish in trend retesting near the pattern’s Neckline support. The market is expected to continue on bullish momentum, testing all the way through 10750-10850 levels in upcoming sessions. Alternatively, if the market breaks below the neckline support holding at 10560 then it might turn bearish once again. The downside rally could test 10500-10400 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 7/3/2018 8:58:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions ended up bullish in trend retesting near the pattern’s horizontal support line. The market is expected to continue on bullish momentum, testing all the way through 26500-26800 levels in upcoming sessions. Alternatively, if the market breaks below the pattern’s support line holding at 26060 then it might turn bearish once again. The downside rally could test 25850-25600 levels. Key resistance holds at 26800.


Research Report call:

Technical Chart:
Nifty 7/2/2018 9:08:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10676 -16 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.18%, while the BSE Sensex 30 index climbed 1.10%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 6.48% or 20.70 points to trade at 340.25 at the close. Titan Company Ltd added 5.04% or 42.15 points to end at 878.50 and Hindalco Industries Ltd. was up 4.28% or 9.45 points to 230.50 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd, which lost 2.64% or 60.70 points to trade at 2235.05 in late trade. IndusInd Bank Ltd. declined 1.53% or 30.05 points to end at 1932.20 and Tech Mahindra Ltd shed 1.32% or 8.80 points to 655.45.

The breadth, indicating the overall health of the market, 1786 rose and 719 declined, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.40 to 68.520.

 

CASH FLOW ANALYSIS

FII DII Activity 29th June 2018, In the cash market today, FII’s sold 157 crores stock whereas DII’s bought 2262 crores worth of stock. In the derivative market, FII’s bought 660 crore of Index futures and bought 2867 crores worth of Index options. In the Stock futures segment, FII’s sold 145 crores worth of stock futures and bought 134 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Head & Shoulders chart” pattern. The last session ended up bullish in trend after retesting the pattern’s Neckline support. The market is expected to continue on bullish momentum, testing all the way through 10750-10840 levels in upcoming sessions. Alternatively, if the market breaks below the neckline support holding at 10560 then it might turn bearish once again. The downside rally could test 10500-10400 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 7/2/2018 8:57:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions ended up bearish in trend retesting near the pattern’s horizontal support line. The market is expected to continue on bullish momentum, testing all the way through 26500-26800 levels in upcoming sessions. Alternatively, if the market breaks below the pattern’s support line holding at 26200 then it might turn bearish once again. The downside rally could test 26100-26000 levels. Key resistance holds at 26800.


Research Report call:

Technical Chart:
Nifty 6/29/2018 9:27:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10603 +28.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.77% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.51%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd., which rose 1.69% or 15.10 points to trade at 907.75 at the close. NTPC Ltd added 1.69% or 2.60 points to end at 156.40 and Infosys Ltd was up 1.54% or 19.60 points to 1289.60 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 7.00% or 50.00 points to trade at 664.25 in late trade. Hindustan Petroleum Corporation Ltd declined 5.51% or 15.25 points to end at 261.35 and Bharat Petroleum Corp. Ltd. shed 4.14% or 15.85 points to 366.95.

The breadth, indicating the overall health of the market, 1753 fell and 773 advanced, while 139 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.25 to 68.765.

 

CASH FLOW ANALYSIS

FII DII Activity 28th June 2018, In the cash market today, FII’s sold 951 crores stock whereas DII’s bought 442 crores worth of stock. In the derivative market, FII’s bought 660 crore of Index futures and bought 2867 crores worth of Index options. In the Stock futures segment, FII’s sold 145 crores worth of stock futures and bought 134 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend after breaking the channel’s support slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10550. The downside rally could test all the way through 10500-10400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 10750-10900 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/29/2018 9:24:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend after breaking the channel’s support slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26200. The downside rally could test all the way through 26000-25700 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 26500-27000 levels. Key resistance holds at 27000.


Research Report call:

Technical Chart:
Nifty 6/28/2018 8:54:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10657.50 -17.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.91%, while the BSE Sensex 30 index lost 0.77%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 4.12% or 28.35 points to trade at 714.25 at the close. Bharti Infratel Ltd added 2.41% or 7.05 points to end at 299.55 and Dr. Reddy’s Laboratories Ltd was up 0.93% or 21.15 points to 2293.80 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 7.81% or 32.45 points to trade at 382.80 in late trade. Hindustan Petroleum Corporation Ltd declined 7.87% or 23.55 points to end at 276.60 and Indian Oil Corporation Ltd shed 6.83% or 11.40 points to 155.65.

The breadth, indicating the overall health of the market, 2128 fell and 462 advanced, while 111 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.29 to 68.585.

 

CASH FLOW ANALYSIS

FII DII Activity 27th June 2018, In the cash market today, FII’s bought 67 crores stock whereas DII’s bought 84 crores worth of stock. In the derivative market, FII’s bought 10 crore of Index futures and sold 1305 crores worth of Index options. In the Stock futures segment, FII’s bought 194 crores worth of stock futures and bought 26 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend breaking out the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support holding at 10600. The downside rally could be testing all the way through 10500-10400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 10750-10900 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/28/2018 8:46:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend breaking the channel’s support slope line. The market is expected to continue on bearish momentum, testing all the way through 26300-26200 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The correction could test 26500-26700 levels. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/27/2018 8:09:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10758.50 -2.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.06%, while the BSE Sensex 30 index added 0.06%.

The biggest gainers of the session on the Nifty 50 were Grasim Industries Ltd, which rose 2.51% or 25.30 points to trade at 1036.70 at the close. Coal India Ltd added 2.32% or 6.00 points to end at 265.15 and UltraTech Cement Ltd was up 2.13% or 79.80 points to 3840.10 in late trade.

Biggest losers included Tata Motors Ltd, which lost 4.34% or 12.55 points to trade at 276.85 in late trade. Reliance Industries Ltd declined 2.60% or 26.15 points to end at 978.95 and Cipla Ltd. shed 1.85% or 11.30 points to 599.50.

The breadth, indicating the overall health of the market, 1729 fell and 814 advanced, while 127 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.10 to 68.195.

 

CASH FLOW ANALYSIS

FII DII Activity 26th June 2018, In the cash market today, FII’s sold 538 crores stock whereas DII’s bought 238 crores worth of stock. In the derivative market, FII’s sold 118 crore of Index futures and bought 192 crores worth of Index options. In the Stock futures segment, FII’s bought 301 crores worth of stock futures and sold 175 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, testing all the way through 10850-10900 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The correction rally could test 10700 and furthermore levels. Key resistance holds at 10900 and support at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/27/2018 8:05:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue on bullish momentum, testing all the way through 26800-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The correction could test 26400-26200 levels. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/26/2018 8:59:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10718.50 -42 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.55%, while the BSE Sensex 30 index declined 0.61%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd, which rose 2.65% or 96.50 points to trade at 3752.00 at the close. Bajaj Finance Ltd added 2.34% or 54.55 points to end at 2390.60 and Bharti Infratel Ltd was up 2.08% or 5.95 points to 291.95 in late trade.

Biggest losers included Tata Motors Ltd, which lost 6.04% or 18.60 points to trade at 289.40 in late trade. Hindustan Petroleum Corporation Ltd declined 3.92% or 12.20 points to end at 298.95 and ICICI Bank Ltd shed 3.64% or 10.95 points to 289.70.

The breadth, indicating the overall health of the market, 1696 fell and 833 advanced, while 128 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.43 to 68.155.

 

CASH FLOW ANALYSIS

FII DII Activity 25th June 2018, In the cash market today, FII’s bought 198 crores stock whereas DII’s sold 86 crores worth of stock. In the derivative market, FII’s sold 1481 crore of Index futures and sold 64 crores worth of Index options. In the Stock futures segment, FII’s sold 323 crores worth of stock futures and bought 59 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bearish term, testing all the way through 10700 and furthermore levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The correction rally could test 10850-10900 levels. Key resistance holds at 10900 and support at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/26/2018 8:52:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend after retesting near the channel’s support slope line. The market is expected to continue on bearish momentum, testing all the way through 26400-26200 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The correction could test 26800-27000 levels. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/25/2018 8:57:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10792.50 -63 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.75%, while the BSE Sensex 30 index gained 0.73%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 4.43% or 24.55 points to trade at 577.25 at the close. Bajaj Finance Ltd added 3.75% or 84.55 points to end at 2336.05 and Bajaj Finserv Ltd was up 3.13% or 187.45 points to 6176.50 in late trade.

Biggest losers included Reliance Industries Ltd, which lost 1.97% or 20.30 points to trade at 1012.50 in late trade. Hindustan Petroleum Corporation Ltd declined 2.09% or 6.60 points to end at 311.15 and Coal India Ltd shed 0.97% or 2.60 points to 264.85.

The breadth, indicating the overall health of the market, 1362 fell and 1122 advanced, while 127 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.03% to 67.855.

 

CASH FLOW ANALYSIS

FII DII Activity 22nd June 2018, In the cash market today, FII’s sold 1343 crores stock whereas DII’s bought 1105 crores worth of stock. In the derivative market, FII’s sold 66 crore of Index futures and bought 2 crores worth of Index options. In the Stock futures segment, FII’s bought 66 crores worth of stock futures and sold 117 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on the bullish term, testing all the way through 10850-10900 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. Key resistance holds at 10900 and support at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/25/2018 8:53:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum, testing all the way through 26850-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/22/2018 9:05:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10723.50 -9.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.29%, while the BSE Sensex 30 index declined 0.32%.

The biggest gainers of the session on the Nifty 50 were Indian Oil Corporation Ltd, which rose 4.02% or 6.65 points to trade at 170.25 at the close. Bharat Petroleum Corp. Ltd. added 3.73% or 15.30 points to end at 421.95 and Hindustan Petroleum Corporation Ltd was up 3.41% or 10.50 points to 315.20 in late trade.

Biggest losers included Mahindra & Mahindra Ltd., which lost 2.36% or 21.30 points to trade at 883.60 in late trade. Titan Company Ltd declined 1.95% or 17.35 points to end at 868.40 and Dr. Reddy’s Laboratories Ltd shed 2.10% or 49.75 points to 2316.40.

The breadth, indicating the overall health of the market, 1717 fell and 795 advanced, while 131 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.03 to 68.065.

 

CASH FLOW ANALYSIS

FII DII Activity 21st June 2018, In the cash market today, FII’s bought 1126 crores stock whereas DII’s bought 663 crores worth of stock. In the derivative market, FII’s bought 267 crore of Index futures and bought 2025 crores worth of Index options. In the Stock futures segment, FII’s sold 105 crores worth of stock futures and bought 86 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish term, once the same breaks below a key support holding at 10700. The downside rally could test all the way through 10650-10600 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 10800-10900 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/22/2018 9:01:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend retesting the previous support slope line of the channel as the same have already been broken out. The market is expected to continue on bearish momentum, testing all the way through 26350-26200 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/21/2018 8:59:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10788.50 -4 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.58%, while the BSE Sensex 30 index added 0.74%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd, which rose 2.32% or 23.15 points to trade at 1019.25 at the close. Vedanta Ltd added 1.72% or 3.85 points to end at 228.70 and IndusInd Bank Ltd. was up 2.20% or 42.50 points to 1967.40 in late trade.

Biggest losers included UPL Ltd, which lost 3.28% or 22.10 points to trade at 652.25 in late trade. Indian Oil Corporation Ltd declined 1.51% or 2.55 points to end at 165.40 and Hindustan Petroleum Corporation Ltd shed 1.65% or 5.15 points to 307.90.

The breadth, indicating the overall health of the market, 1272 fell and 1262 advanced, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.10 to 68.105.

 

CASH FLOW ANALYSIS

FII DII Activity 20th June 2018, In the cash market today, FII’s sold 2442 crores stock whereas DII’s bought 1473 crores worth of stock. In the derivative market, FII’s sold 1247 crore of Index futures and bought 1244 crores worth of Index options. In the Stock futures segment, FII’s bought 574 crores worth of stock futures and bought 120 crores stock options.

  

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bullish in trend near the channel’s support slope line. The market is expected to continue on the bullish term, testing all the way through 10830-10900 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 10700 then it might turn bearish once again. The downside rally could test 10650-10600 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/21/2018 8:51:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on bullish momentum, testing all the way through 26800-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. Key resistance holds at 27000 and support at 26200.


Research Report call:

Technical Chart:
Nifty 6/20/2018 9:09:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10721.50 -5 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.83%, while the BSE Sensex 30 index fell 0.74%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 1.14% or 3.85 points to trade at 342.75 at the close. Bajaj Finance Ltd added 1.17% or 26.30 points to end at 2270.60 and ITC Ltd was up 0.59% or 1.55 points to 266.05 in late trade.

Biggest losers included Vedanta Ltd, which lost 3.51% or 8.15 points to trade at 224.30 in late trade. Indian Oil Corporation Ltd declined 3.05% or 5.30 points to end at 168.60 and Hindustan Petroleum Corporation Ltd shed 3.03% or 9.75 points to 313.00.

The breadth, indicating the overall health of the market, 1878 fell and 676 advanced, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.37 to 68.295.

 

CASH FLOW ANALYSIS

FII DII Activity 19th June 2018, In the cash market today, FII’s sold 1324 crores stock whereas DII’s bought 653 crores worth of stock. In the derivative market, FII’s sold 710 crore of Index futures and bought 1695 crores worth of Index options. In the Stock futures segment, FII’s sold 282 crores worth of stock futures and bought 83 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish term, once the same breaks below a key support holding at 10700. The downside rally could test all the way through 10650-10600 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 10800-10900 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/20/2018 9:04:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue on bearish term, once the same breaks below a key support holding at 26200. The downside rally could test all the way through 26100-2600 levels in upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 26400-26600 levels. Key resistance holds at 27000.


Research Report call:

Technical Chart:
Nifty 6/18/2018 8:51:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10790.50 -35.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.09%, while the BSE Sensex 30 index climbed 0.06%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd., which rose 3.74% or 22.00 points to trade at 611.60 at the close. Dr. Reddy’s Laboratories Ltd added 3.54% or 80.45 points to end at 2349.85 and Infosys Ltd was up 3.35% or 41.55 points to 1281.25 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 3.00% or 7.35 points to trade at 237.40 in late trade. Indian Oil Corporation Ltd declined 2.22% or 3.80 points to end at 167.75 and UltraTech Cement Ltd shed 2.09% or 78.55 points to 3691.65.

The breadth, indicating the overall health of the market, 1487 fell and 1062 advanced, while 142 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.24 to 68.025.

 

CASH FLOW ANALYSIS

FII DII Activity 15th June 2018, In the cash market today, FII’s sold 1524 crores stock whereas DII’s bought 561 crores worth of stock. In the derivative market, FII’s bought 603 crore of Index futures and bought 3260 crores worth of Index options. In the Stock futures segment, FII’s bought 385 crores worth of stock futures and bought 90 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up in consolidation but bullish in trend inside the channel. The market is expected to continue on bullish term, testing all the way through 10850-10900 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 10750-10700 levels. Key resistance holds at 10900 and support at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/18/2018 8:47:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish term, testing all the way through 26200-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The upside rally could test 26500-27000 levels. Key resistance holds at 27000 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/15/2018 8:37:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10792 -23 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.45%, while the BSE Sensex 30 index lost 0.39%.

The biggest gainers of the session on the Nifty 50 were Lupin Ltd, which rose 3.57% or 31.10 points to trade at 899.60 at the close. Sun Pharmaceutical Industries Ltd. added 2.44% or 13.35 points to end at 559.25 and HCL Technologies Ltd was up 1.33% or 12.30 points to 936.95 in late trade.

Biggest losers included Adani Port and Special Economic Zone Ltd, which lost 2.15% or 8.25 points to trade at 374.45 in late trade. Tech Mahindra Ltd declined 2.16% or 15.40 points to end at 698.80 and ICICI Bank Ltd shed 1.84% or 5.35 points to 284.75.

The breadth, indicating the overall health of the market, 1352 fell and 1198 advanced, while 126 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.24 to 67.655.

 

CASH FLOW ANALYSIS

FII DII Activity 14th June 2018, In the cash market today, FII’s sold 1372 crores stock whereas DII’s bought 576 crores worth of stock. In the derivative market, FII’s sold 1303 crore of Index futures and bought 4133 crores worth of Index options. In the Stock futures segment, FII’s sold 674 crores worth of stock futures and sold 78 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend inside the channel. The market is expected to continue on bearish term, testing all the way through 10750-10700 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 10900 then it might turn bullish once again. The upside rally could test 10950-11000 levels. Key support holds at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/15/2018 8:24:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish term, testing all the way through 26300-26000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. The upside rally could test 26800-27100 levels. Key resistance holds at 27100 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/14/2018 8:40:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10809.50 -35.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.13% to hit a new 3-month high, while the BSE Sensex 30 index gained 0.13%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd, which rose 2.89% or 63.40 points to trade at 2256.30 at the close. Cipla Ltd. added 2.62% or 14.85 points to end at 582.10 and Tata Consultancy Services Ltd. was up 2.41% or 43.00 points to 1824.10 in late trade.

Biggest losers included Tata Steel Ltd, which lost 2.14% or 12.40 points to trade at 567.60 in late trade. Adani Port and Special Economic Zone Ltd declined 1.21% or 4.70 points to end at 382.85 and Zee Entertainment Enterprises Ltd. shed 1.30% or 7.35 points to 557.10.

The breadth, indicating the overall health of the market, 1349 fell and 1243 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.04 to 67.634.

 

CASH FLOW ANALYSIS

FII DII Activity 13th June 2018, In the cash market today, FII’s sold 70 crores stock whereas DII’s bought 486 crores worth of stock. In the derivative market, FII’s sold 297 crore of Index futures and sold 244 crores worth of Index options. In the Stock futures segment, FII’s bought 88 crores worth of stock futures and sold 125 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend on a gap up formation inside the channel. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 10900. The upside rally could test all the way through 10950-11000 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10800-10700 levels. Key support holds at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/14/2018 8:32:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend on a gap up formation inside the channel. The market is expected to continue on bullish term, testing all the way through 26850-27100 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26500-26000 levels. Key resistance holds at 27100 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/13/2018 9:02:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10821 -25.25 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.52% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.59%.

The biggest gainers of the session on the Nifty 50 were Lupin Ltd, which rose 6.38% or 51.65 points to trade at 855.00 at the close. Dr. Reddy’s Laboratories Ltd added 5.37% or 111.80 points to end at 2190.65 and State Bank of India was up 3.65% or 10.00 points to 282.85 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 2.15% or 8.35 points to trade at 380.65 in late trade. Hindalco Industries Ltd. declined 1.63% or 4.00 points to end at 240.65 and Eicher Motors Ltd. shed 1.50% or 445.30 points to 29208.40.

The breadth, indicating the overall health of the market, 1394 rose and 1184 declined, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.10 to 67.445.

 

CASH FLOW ANALYSIS

FII DII Activity 12th June 2018, In the cash market today, FII’s sold 1168 crores stock whereas DII’s bought 1327 crores worth of stock. In the derivative market, FII’s sold 493 crore of Index futures and sold 852 crores worth of Index options. In the Stock futures segment, FII’s bought 445 crores worth of stock futures and sold 115 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on the bullish trend, once the same breaks above a key resistance holding at 10900. The upside rally could test all the way through 10950-11000 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10800-10700 levels. Key support holds at 10700.


Research Report call:

Technical Chart:
Bank Nifty 6/13/2018 8:57:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation retesting near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26800-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26400-26200-26000 levels. Key resistance holds at 27000 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/12/2018 8:55:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10784.50 -7 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.18%, while the BSE Sensex 30 index gained 0.11%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 3.17% or 11.95 points to trade at 388.80 at the close. Bajaj Finance Ltd added 2.89% or 63.15 points to end at 2250.30 and UltraTech Cement Ltd was up 1.85% or 68.85 points to 3790.10 in late trade.

Biggest losers included Tata Steel Ltd, which lost 2.26% or 13.55 points to trade at 588.65 in late trade. UPL Ltd declined 2.09% or 14.90 points to end at 699.30 and HCL Technologies Ltd shed 2.02% or 18.75 points to 911.60.

The breadth, indicating the overall health of the market, 1474 rose and 1133 declined, while 129 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.13 to 67.425.

 

CASH FLOW ANALYSIS

FII DII Activity 11th June 2018, In the cash market today, FII’s sold 1156 crores stock whereas DII’s bought 1062 crores worth of stock. In the derivative market, FII’s bought 472 crore of Index futures and bought 632 crores worth of Index options. In the Stock futures segment, FII’s bought 86 crores worth of stock futures and bought 61 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 10840-10900 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 10700 then it might turn bearish once again. The downside rally could test 10600-10500 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/12/2018 8:47:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation retesting near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26300-26000 levels. Key resistance holds at 27000 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/11/2018 9:00:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10775.50 +27.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.01%, while the BSE Sensex 30 index lost 0.05%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 8.02% or 39.20 points to trade at 528.25 at the close. Lupin Ltd added 5.56% or 42.70 points to end at 810.05 and Dr. Reddy’s Laboratories Ltd was up 4.83% or 95.00 points to 2062.90 in late trade.

Biggest losers included Hindalco Industries Ltd., which lost 2.59% or 6.45 points to trade at 242.15 in late trade. Power Grid Corporation of India Ltd declined 2.39% or 4.85 points to end at 197.90 and Housing Development Finance Corporation Ltd shed 1.53% or 28.55 points to 1840.45.

The breadth, indicating the overall health of the market, 1434 rose and 1127 declined, while 134 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.39 to 67.675.

 

CASH FLOW ANALYSIS

FII DII Activity 8th June 2018, In the cash market today, FII’s sold 222 crores stock whereas DII’s bought 459 crores worth of stock. In the derivative market, FII’s sold 852 crore of Index futures and bought 2814 crores worth of Index options. In the Stock futures segment, FII’s bought 127 crores worth of stock futures and bought 52 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on the same trend, testing all the way through 10820-10900 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 10700 then it might turn bearish once again. The downside rally could test 10600-10500 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
Bank Nifty 6/11/2018 8:55:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up in consolidation on a gap down formation near the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26300-26000 levels. Key resistance holds at 27000 and support at 26000.


Research Report call:

Technical Chart:
Nifty 6/8/2018 8:55:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10702.50 -69.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.78%, while the BSE Sensex 30 index climbed 0.81%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd, which rose 3.86% or 22.35 points to trade at 602.10 at the close. Tata Motors Ltd added 3.30% or 9.75 points to end at 305.40 and ICICI Bank Ltd was up 2.47% or 7.00 points to 290.90 in late trade.

Biggest losers included Titan Company Ltd, which lost 1.37% or 12.30 points to trade at 887.15 in late trade. IndusInd Bank Ltd. declined 1.01% or 19.35 points to end at 1900.45 and Eicher Motors Ltd. shed 1.08% or 324.25 points to 29712.40.

The breadth, indicating the overall health of the market, 1900 rose and 716 declined, while 109 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.40 to 67.085.

 

CASH FLOW ANALYSIS

FII DII Activity 7th June 2018, In the cash market today, FII’s sold 525 crores stock whereas DII’s bought 1197 crores worth of stock. In the derivative market, FII’s bought 100 crore of Index futures and bought 7329 crores worth of Index options. In the Stock futures segment, FII’s bought 694 crores worth of stock futures and sold 73 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on the same trend, once the same breaks above a key resistance holding at 10800. The upside rally could test all the way through 10850-10900 levels in upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 10700-10550 levels. Key support holds at 10550.


Research Report call:

Technical Chart:
Bank Nifty 6/8/2018 8:51:00 AM

Technical outlook

Bank nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend on a gap up formation after retesting the channel’s support slope line. The market is expected to continue on bullish term, testing all the way through 26700-27000 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over negative momentum. The downside rally could test 26400-26000 levels. Key resistance holds at 27000 and support at 26000.


Research Report call: