Equity Report

Nifty 8/21/2018 9:03:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11583 -1 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.71% to hit a new all-time high, while the BSE Sensex 30 index gained 0.87%.

The biggest gainers of the session on the Nifty 50 were Larsen & Toubro Ltd, which rose 6.68% or 82.90 points to trade at 1323.70 at the close. Tata Motors Ltd added 4.76% or 12.30 points to end at 270.10 and Oil and Natural Gas Corporation Ltd was up 3.65% or 5.95 points to 168.70 in late trade.

Biggest losers included Infosys Ltd, which lost 2.95% or 42.15 points to trade at 1384.25 in late trade. GAIL Ltd declined 2.36% or 9.15 points to end at 379.05 and Titan Company Ltd shed 1.97% or 18.55 points to 921.70.

The breadth, indicating the overall health of the market, 1417 rose and 1249 declined, while 174 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01 to 69.790.

 

CASH FLOW ANALYSIS

FII DII Activity 20th August 2018, In the cash market today, FII’s sold 483 crores stock whereas DII’s bought 593 crores worth of stock. In the derivative market, FII’s sold 118 crore of Index futures and sold 393 crores worth of Index options. In the Stock futures segment, FII’s bought 603 crores worth of stock futures and sold 110 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” 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 a key resistance zone holding at 11570. The upside rally could be testing all the way through 11600-11650 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 11480-11350 levels. Key support holds at 11350.


Research Report call:

Technical Chart:
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Bank Nifty 8/21/2018 8:53:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after few retests inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 28400. The upside rally could be testing all the way through 28550-28700 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 around 28200-28000 levels. Key support holds at 27750.


Research Report call:

Technical Chart:
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Nifty 8/20/2018 8:49:00 AM
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Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11519 +41 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.75% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.75%.

The biggest gainers of the session on the Nifty 50 were Grasim Industries Ltd, which rose 4.33% or 43.30 points to trade at 1045.85 at the close. Yes Bank Ltd added 4.31% or 16.30 points to end at 393.20 and Lupin Ltd was up 3.55% or 30.20 points to 881.25 in late trade.

Biggest losers included GAIL Ltd, which lost 1.37% or 5.40 points to trade at 387.70 in late trade. Hero MotoCorp Ltd declined 0.99% or 32.65 points to end at 3242.30 and Eicher Motors Ltd. shed 1.06% or 304.85 points to 28476.15.

The breadth, indicating the overall health of the market, 1572 rose and 1045 declined, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.32 to 70.240.

 

CASH FLOW ANALYSIS

FII DII Activity 17th August 2018, In the cash market today, FII’s bought 147 crores stock whereas DII’s bought 157 crores worth of stock. In the derivative market, FII’s sold 695 crore of Index futures and bought 1914 crores worth of Index options. In the Stock futures segment, FII’s bought 855 crores worth of stock futures and sold 212 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after few consolidations inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 10500. The upside rally could be testing all the way through 11550-11600 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 11420-11350 levels. Key support holds at 11350.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 8/20/2018 8:42:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend after few consolidations inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28250-28400 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 around 28050-28000 levels. Buy on dips strategy is preferable in this current scenario. Key resistance holds at 28400 and support at 27750.


Research Report call:

Technical Chart:
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Nifty 8/17/2018 8:51:00 AM
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Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11424 +2 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.44%, while the BSE Sensex 30 index fell 0.50%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 3.61% or 13.70 points to trade at 393.80 at the close. Dr. Reddy’s Laboratories Ltd added 3.47% or 79.15 points to end at 2353.45 and Sun Pharmaceutical Industries Ltd. was up 3.19% or 19.20 points to 619.70 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd., which lost 3.71% or 48.00 points to trade at 1245.40 in late trade. Vedanta Ltd declined 2.84% or 6.10 points to end at 208.80 and Zee Entertainment Enterprises Ltd. shed 2.59% or 13.30 points to 500.45.

The breadth, indicating the overall health of the market, 1506 fell and 1120 advanced, while 128 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01 to 70.266.

 

CASH FLOW ANALYSIS

FII DII Activity 16th August 2018, In the cash market today, FII’s sold 825 crores stock whereas DII’s bought 133 crores worth of stock. In the derivative market, FII’s sold 432 crore of Index futures and bought 2534 crores worth of Index options. In the Stock futures segment, FII’s sold 20 crores worth of stock futures and sold 134 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up forming an “Inverse Hammer” candlestick pattern, which could be read as a trend reversal one. The market is expected to continue on bullish momentum, testing all the way through 11450-11500 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 11350 then it might turn bearish once again. The downside rally could test 11300-11200 levels. Key resistance holds at 11500.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 8/17/2018 8:42:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up in consolidation retesting near a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28200-28400 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 27750 then it might turn bearish once again. The downside rally could test 27600-27400 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
equity-chart
Nifty 8/16/2018 9:13:00 AM
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Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11401.50 -32.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.70%, while the BSE Sensex 30 index climbed 0.55%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 7.39% or 41.70 points to trade at 601.80 at the close. Yes Bank Ltd added 3.45% or 12.80 points to end at 382.50 and Lupin Ltd was up 3.30% or 26.80 points to 836.75 in late trade.

Biggest losers included UPL Ltd, which lost 2.64% or 16.50 points to trade at 610.45 in late trade. Hero MotoCorp Ltd declined 1.26% or 41.80 points to end at 3266.35 and Larsen & Toubro Ltd shed 1.22% or 15.45 points to 1253.25.

The breadth, indicating the overall health of the market, 1339 fell and 1260 advanced, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09 to 69.895.

 

CASH FLOW ANALYSIS

FII DII Activity 14th August 2018, In the cash market today, FII’s sold 378 crores stock whereas DII’s bought 391 crores worth of stock. In the derivative market, FII’s sold 710 crore of Index futures and bought 1133 crores worth of Index options. In the Stock futures segment, FII’s bought 64 crores worth of stock futures and bought 45 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after retesting near a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 11500 and furthermore levels in upcoming sessions. Alternatively, if the market breaks below the key support which is holding at 11350 then it might turn bearish once again. The downside rally could test 11300-11200 levels. Key resistance holds at 11500.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 8/16/2018 8:58:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 28250-28400 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 27750 then it might turn bearish once again. The downside rally could test 27600-27400 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
equity-chart
Nifty 8/14/2018 8:32:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11398 +8 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.65%, while the BSE Sensex 30 index declined 0.59%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 3.32% or 12.05 points to trade at 375.45 at the close. Tech Mahindra Ltd added 2.64% or 17.05 points to end at 659.95 and Sun Pharmaceutical Industries Ltd. was up 1.95% or 10.80 points to 563.90 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 5.75% or 23.10 points to trade at 379.70 in late trade. Hindustan Petroleum Corporation Ltd declined 4.77% or 13.65 points to end at 273.10 and Indiabulls Housing Finance Ltd shed 3.92% or 51.90 points to 1276.50.

The breadth, indicating the overall health of the market, 1698 fell and 918 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 1.14% to 69.885.

 

CASH FLOW ANALYSIS

FII DII Activity 13th August 2018, In the cash market today, FII’s sold 971 crores stock whereas DII’s bought 216 crores worth of stock. In the derivative market, FII’s sold 722 crore of Index futures and sold 403 crores worth of Index options. In the Stock futures segment, FII’s bought 478 crores worth of stock futures and sold 79 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up forming an “Inverse hammer” candlestick pattern in a gap down formation, which can be read as a trend reversal one. The market is expected to continue on bullish momentum for a while to fill up the gap, testing all the way through 11420-11500 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 11350 then it might continue in bearish momentum. The downside rally could test 11280-11200 levels. Key resistance holds at 11500.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 8/14/2018 8:21:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up forming an “Inverse hammer” candlestick pattern in a gap down formation, which can be read as a trend reversal one. The market is expected to continue on bullish momentum for a while to fill up the gap, testing all the way through 28100-28400 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 27700 then it might continue in bearish momentum. The downside rally could test 27400-27200 levels. Key resistance holds at 28400.


Research Report call:

Technical Chart:
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