Equity Report

Nifty 4/19/2018 8:58:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10592 +37.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.21%, while the BSE Sensex 30 index fell 0.18%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd, which rose 3.33% or 8.90 points to trade at 275.35 at the close. Wipro Ltd added 2.90% or 8.25 points to end at 292.65 and Zee Entertainment Enterprises Ltd. was up 2.22% or 12.80 points to 588.25 in late trade.

Biggest losers included Hindustan Petroleum Corporation Ltd, which lost 3.03% or 10.00 points to trade at 319.60 in late trade. AXIS Bank Ltd declined 2.76% or 14.70 points to end at 518.25 and Titan Company Ltd shed 1.98% or 19.80 points to 977.10.

The breadth, indicating the overall health of the market, 1497 fell and 1093 advanced, while 137 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.12 to 65.605.

 

CASH FLOW ANALYSIS

FII DII Activity 18th April 2018, In the cash market today, FII’s sold 915 crores stock whereas DII’s bought 869 crores worth of stock. In the derivative market, FII’s bought 2319 crore of Index futures and sold 503 crores worth of Index options. In the Stock futures segment, FII’s sold 188 crores worth of stock futures and bought 40 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Bearish megaphone chart” pattern. The last session been a bearish once retesting the key resistance, as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 10475-10400 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level holding at 10600 then it might continue in bullish momentum. The upside rally could test 10650-10700 levels. Key support holds at 10400.


Research Report call:

Technical Chart:
Bank Nifty 4/19/2018 8:51:00 AM

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last sessions ended up bearish in trend retesting near the pattern’s neckline. The market is expected to continue in bearish momentum, once the same breaks above the key support holding at 25000. The downside rally could test all the way through 24900-24800 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 25200-25400 levels. Key resistance holds at 25400.


Research Report call:

Technical Chart:
Bank Nifty 4/18/2018 8:35:00 AM

Technical outlook

Bank nifty daily chart has formed “Inverse Head & shoulders” pattern. The last session has formed a “Hammer” candlestick pattern which can be read as a trend reversal one. The market is expected to retest near the neckline resistance level at 25400 and turn bearish. The downside rally could test all the way through 25200-25000 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 25500-25600 levels. Key support holds at 25000.


Research Report call:

Technical Chart:
Nifty 4/18/2018 8:30:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10581.50 +27 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.19% to hit a new 1-month high, while the BSE Sensex 30 index added 0.26%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which rose 2.86% or 5.70 points to trade at 204.90 at the close. Hindustan Unilever Ltd. added 2.18% or 31.00 points to end at 1445.55 and Titan Company Ltd was up 1.89% or 18.50 points to 997.60 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 1.84% or 10.00 points to trade at 532.40 in late trade. Wipro Ltd declined 1.60% or 4.65 points to end at 284.75 and Bharti Infratel Ltd shed 1.93% or 6.55 points to 334.00.

The breadth, indicating the overall health of the market, 1345 rose and 1228 declined, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.34 to 65.675.

 

CASH FLOW ANALYSIS

FII DII Activity 17th April 2018, In the cash market today, FII’s sold 951 crores stock whereas DII’s bought 723 crores worth of stock. In the derivative market, FII’s bought 236 crore of Index futures and bought 547 crores worth of Index options. In the Stock futures segment, FII’s sold 431 crores worth of stock futures and bought 86 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Bearish megaphone chart” pattern. The last session has formed a “Hammer” like candlestick pattern which can be read as a trend reversal one, as the prices have broken out the channel’s resistance slope line. The market is expected to retest near the resistance level at 10600 and turn bearish. The downside rally could test all the way through 10500-10400 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 10650-10700 levels. Key support holds at 10400.


Research Report call:

Technical Chart:
Bank Nifty 4/17/2018 8:44:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Inverse Head & shoulders” pattern. The last sessions ended up bullish in trend near the pattern’s neckline where the resistance holds at 25350. The market is expected to continue in bullish momentum, once the same breaks above the resistance level. The upside rally could test all the way through 25500-25700 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 25200-25000 levels. Key resistance holds at 25000.


Research Report call:

Technical Chart:
Bank Nifty 4/16/2018 8:48:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening channel” pattern. The last session ended up bearish in trend retesting near the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 25450-25700 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 25100-24800 levels. Key support holds at 24800 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/16/2018 8:42:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10437 -66 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.21% to hit a new 1-month high, while the BSE Sensex 30 index added 0.27%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd, which rose 2.89% or 10.75 points to trade at 383.10 at the close. Tech Mahindra Ltd added 2.87% or 18.75 points to end at 671.55 and Wipro Ltd was up 2.54% or 7.30 points to 294.15 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 3.16% or 13.25 points to trade at 405.40 in late trade. Bajaj Finserv Ltd declined 1.64% or 88.75 points to end at 5316.80 and HCL Technologies Ltd shed 1.86% or 18.80 points to 991.25.

The breadth, indicating the overall health of the market, 1403 fell and 1241 advanced, while 125 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.13 to 65.205.

 

CASH FLOW ANALYSIS

FII DII Activity 13th April 2018, In the cash market today, FII’s sold 399 crores stock whereas DII’s bought 306 crores worth of stock. In the derivative market, FII’s sold 248 crore of Index futures and bought 193 crores worth of Index options. In the Stock futures segment, FII’s bought 835 crores worth of stock futures and sold 64 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last session ended up bearish in trend retesting near the major resistance holding at 10550, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 10600-10700 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 10450-10400 levels. Key support holds at 10250 and major support at 9950.


Research Report call:

Technical Chart:
Nifty 4/13/2018 8:53:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10479 +11 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.40% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.47%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 4.10% or 39.70 points to trade at 1010.05 at the close. Tata Consultancy Services Ltd. added 4.04% or 121.85 points to end at 3139.25 and Infosys Ltd was up 3.54% or 39.80 points to 1162.60 in late trade.

Biggest losers included Vedanta Ltd, which lost 2.39% or 7.10 points to trade at 288.70 in late trade. Lupin Ltd declined 2.11% or 16.65 points to end at 773.35 and Dr. Reddy’s Laboratories Ltd shed 1.94% or 40.70 points to 2060.50.

The breadth, indicating the overall health of the market, 1495 fell and 1107 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.23 to 65.345.

 

CASH FLOW ANALYSIS

FII DII Activity 12th April 2018, In the cash market today, FII’s bought 368 crores stock whereas DII’s sold 615 crores worth of stock. In the derivative market, FII’s bought 315 crore of Index futures and bought 765 crores worth of Index options. In the Stock futures segment, FII’s bought 245 crores worth of stock futures and sold 10 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last session ended up bullish in trend retesting near the major resistance holding at 10500, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 10550-10600 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 10400-10250 levels. Key support holds at 10250 and major support at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/13/2018 8:49:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend retesting the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the major resistance. The upside rally could test all the way through 25450-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/12/2018 9:01:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10426 +8 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.14%, while the BSE Sensex 30 index added 0.18%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd, which rose 4.59% or 13.05 points to trade at 296.80 at the close. Tata Consultancy Services Ltd. added 2.46% or 72.40 points to end at 3014.15 and Sun Pharmaceutical Industries Ltd. was up 2.31% or 11.75 points to 521.45 in late trade.

Biggest losers included Hindustan Petroleum Corporation Ltd, which lost 7.88% or 28.75 points to trade at 336.70 in late trade. Bharat Petroleum Corp. Ltd. declined 7.92% or 35.75 points to end at 417.30 and Indian Oil Corporation Ltd shed 6.72% or 12.05 points to 167.35.

The breadth, indicating the overall health of the market, 1468 fell and 1156 advanced, while 120 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.43 to 65.215.

 

CASH FLOW ANALYSIS

FII DII Activity 11th April 2018, In the cash market today, FII’s bought 362 crores stock whereas DII’s bought 111 crores worth of stock. In the derivative market, FII’s bought 620 crore of Index futures and bought 551 crores worth of Index options. In the Stock futures segment, FII’s sold 201 crores worth of stock futures and bought 80 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last session has formed a “Hammer” candlestick pattern which could be read as a trend reversal one. The prices have already broken out the pattern itself. The market is expected to continue in bearish momentum, testing all the way through 10350-10300 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level holding at 10430. The upside rally could test 10480-10550 levels. Major support holds at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/12/2018 8:57:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up retesting the major resistance holding at 25300, as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 24950-24800 levels in upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test 25500-25700 levels. Key support holds at 24800 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/11/2018 8:53:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10431.50 +5.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.22%, while the BSE Sensex 30 index added 0.27%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 5.43% or 28.20 points to trade at 546.15 at the close. Hindalco Industries Ltd. added 3.91% or 8.65 points to end at 230.00 and ICICI Bank Ltd was up 2.80% or 7.85 points to 288.80 in late trade.

Biggest losers included Bajaj Finserv Ltd, which lost 2.45% or 136.30 points to trade at 5412.90 in late trade. Hero MotoCorp Ltd declined 2.02% or 76.70 points to end at 3718.30 and Indiabulls Housing Finance Ltd shed 1.62% or 21.85 points to 1324.55.

The breadth, indicating the overall health of the market, 1403 fell and 1211 advanced, while 128 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.22 to 65.015.

 

CASH FLOW ANALYSIS

FII DII Activity 10th April 2018, In the cash market today, FII’s sold 684 crores stock whereas DII’s bought 653 crores worth of stock. In the derivative market, FII’s bought 1120 crore of Index futures and bought 1243 crores worth of Index options. In the Stock futures segment, FII’s bought 494 crores worth of stock futures and bought 57 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a major resistance holding at 10450. The upside rally could test all the way through 10500-10600 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 10350-10200 levels. Key support holds at 10200 and major support at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/11/2018 8:48:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 24300. The upside rally could test all the way through 25400-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/10/2018 9:10:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10428.50 +35.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.46%, while the BSE Sensex 30 index added 0.48%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 3.44% or 17.20 points to trade at 519.30 at the close. Bharat Petroleum Corp. Ltd. added 3.78% or 16.40 points to end at 450.35 and Hindustan Petroleum Corporation Ltd was up 3.40% or 12.05 points to 366.80 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 2.14% or 12.50 points to trade at 571.80 in late trade. Lupin Ltd declined 1.80% or 14.55 points to end at 793.85 and Tata Motors Ltd shed 1.61% or 5.85 points to 358.30.

The breadth, indicating the overall health of the market, 1600 rose and 1055 declined, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.18 to 65.035.

 

CASH FLOW ANALYSIS

FII DII Activity 9th April 2018, In the cash market today, FII’s sold 1300 crores stock whereas DII’s bought 359 crores worth of stock. In the derivative market, FII’s sold 231 crore of Index futures and bought 1391 crores worth of Index options. In the Stock futures segment, FII’s sold 458 crores worth of stock futures and sold 11 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a major resistance holding at 10450. The upside rally could test all the way through 10500-10600 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 10350-10200 levels. Key support holds at 10200 and major support at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/10/2018 8:50:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 25200. The upside rally could test all the way through 25400-25600 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 25000-24800 levels. Key support holds at 24800 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/9/2018 8:58:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10332 -10 points on indicating gap down opening for the NSE.

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

The biggest gainers of the session on the Nifty 50 were Lupin Ltd, which rose 2.84% or 22.35 points to trade at 809.05 at the close. Bharat Petroleum Corp. Ltd. added 2.54% or 10.75 points to end at 433.95 and Titan Company Ltd was up 2.20% or 20.25 points to 940.30 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 2.27% or 8.95 points to trade at 384.95 in late trade. Infosys Ltd declined 1.79% or 20.55 points to end at 1127.00 and Vedanta Ltd shed 1.67% or 4.85 points to 285.05.

The breadth, indicating the overall health of the market, 1569 rose and 1023 declined, while 130 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.19 to 64.980.

 

CASH FLOW ANALYSIS

FII DII Activity 6th April 2018, In the cash market today, FII’s sold 524 crores stock whereas DII’s bought 1305 crores worth of stock. In the derivative market, FII’s sold 207 crore of Index futures and bought 940crores worth of Index options. In the Stock futures segment, FII’s sold 58 crores worth of stock futures and sold 248 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 10350. The upside rally could test all the way through 10400-10500 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 10250-10200 levels. Key support holds at 10200 and major support at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/9/2018 8:52:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend near a major resistance level holding at 24900. The market is expected to continue in bullish momentum, once the same breaks above the resistance level. The upside rally could test all the way through 25100-25300 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 24700-24400 levels. Key support holds at 24100 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/6/2018 8:52:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10343.50 -12.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.94%, while the BSE Sensex 30 index climbed 1.75%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd., which rose 6.52% or 13.10 points to trade at 214.15 at the close. Vedanta Ltd added 5.56% or 15.25 points to end at 289.90 and State Bank of India was up 5.46% or 13.50 points to 259.30 in late trade.

Biggest losers included Cipla Ltd., which lost 1.72% or 9.80 points to trade at 560.35 in late trade. Bosch Ltd declined 0.94% or 185.40 points to end at 19538.90 and Bharti Airtel Ltd. shed 0.27% or 1.05 points to 393.90.

The breadth, indicating the overall health of the market, 2020 rose and 601 declined, while 121 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.04 to 64.995.

 

CASH FLOW ANALYSIS

FII DII Activity 5th April 2018, In the cash market today, FII’s sold 108 crores stock whereas DII’s bought 615 crores worth of stock. In the derivative market, FII’s bought 1194 crore of Index futures and bought 3681 crores worth of Index options. In the Stock futures segment, FII’s bought 1378 crores worth of stock futures and sold 171 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Falling channel” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 10350. The upside rally could test all the way through 10400-10500 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 10250-10200 levels. Key support holds at 10200 and major support at 9950.


Research Report call:

Technical Chart:
Nifty 4/5/2018 8:51:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10289.50 +159.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.14%, while the BSE Sensex 30 index lost 1.05%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 3.41% or 11.70 points to trade at 355.60 at the close. Eicher Motors Ltd. added 3.25% or 910.00 points to end at 28934.25 and Bosch Ltd was up 3.07% or 585.90 points to 19685.45 in late trade.

Biggest losers included UPL Ltd, which lost 4.13% or 31.65 points to trade at 732.50 in late trade. Hindalco Industries Ltd. declined 3.44% or 7.15 points to end at 200.80 and Tata Steel Ltd shed 3.55% or 20.60 points to 560.55.

The breadth, indicating the overall health of the market, 1395 fell and 1154 advanced, while 145 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.39 to 65.171.

 

CASH FLOW ANALYSIS

FII DII Activity 4th April 2018, In the cash market today, FII’s bought 335 crores stock whereas DII’s sold 152 crores worth of stock. In the derivative market, FII’s sold 1152 crore of Index futures and bought 1273 crores worth of Index options. In the Stock futures segment, FII’s bought 59 crores worth of stock futures and bought 33 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend after retesting a key resistance holding at 10300. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 10100. The downside rally could test all the way through 10050-9950 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 10180-10300 levels. Major support holds at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/5/2018 8:47:00 AM

Technical outlook

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend after retesting a key resistance holding at 24600. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24100. The downside rally could test all the way through 23900-23600 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 24300-24600 levels. Major support holds at 23600.


Research Report call:

Technical Chart:
Nifty 4/4/2018 9:03:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10282.50 +6.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.33%, while the BSE Sensex 30 index added 0.35%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd, which rose 4.59% or 57.15 points to trade at 1299.20 at the close. ICICI Bank Ltd added 3.19% or 8.35 points to end at 270.05 and Bosch Ltd was up 3.39% or 627.00 points to 19063.45 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 3.80% or 24.35 points to trade at 615.95 in late trade. Wipro Ltd declined 1.86% or 5.40 points to end at 283.90 and Hindalco Industries Ltd. shed 1.61% or 3.40 points to 207.95.

The breadth, indicating the overall health of the market, 1797 rose and 769 declined, while 132 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.17 to 65.033.

 

CASH FLOW ANALYSIS

FII DII Activity 3rd April 2018, In the cash market today, FII’s sold 689 crores stock whereas DII’s bought 413 crores worth of stock. In the derivative market, FII’s sold -693.69 crores of Index futures and bought 1879.99 crores worth of Index options. In the Stock futures segment, FII’s sold -111.79 crores worth of stock futures and bought 62.24 crores of stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last few sessions been bullish in trend and has ended up near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the resistance slope line. The upside rally could test all the way through 10300-10350 levels in the upcoming sessions. Alternatively, if the market retests the resistance slope line then it might turn bearish. The downside rally could test 10150-10100 levels. Major Resistance holds at 10350 and support at 9950.


Research Report call:

Technical Chart:
Bank Nifty 4/2/2018 8:47:00 AM

Technical outlook

 

Bank nifty daily chart has formed “Descending broadening wedge” pattern. The last session been consolidated but bearish in trend. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 24100. The downside rally could test all the way through 23900-23600 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 24500-24900 levels. Major resistance holds at 24900 and major support at 23600.


Research Report call:

Technical Chart:
Nifty 4/2/2018 8:46:00 AM

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10222.50 -20 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.69%, while the BSE Sensex 30 index fell 0.62%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 2.49% or 15.45 points to trade at 638.70 at the close. Wipro Ltd added 3.41% or 9.35 points to end at 281.15 and Coal India Ltd was up 1.86% or 5.15 points to 283.30 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 3.71% or 15.35 points to trade at 398.70 in late trade. Tata Steel Ltd declined 3.28% or 19.35 points to end at 571.05 and Vedanta Ltd shed 2.77% or 7.95 points to 277.85.

The breadth, indicating the overall health of the market, 1666 fell and 904 advanced, while 181 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.49 to 65.225.

 

CASH FLOW ANALYSIS

FII DII Activity 28th March 2018, In the cash market today, FII’s sold 1190 crores stock whereas DII’s bought 1960 crores worth of stock. In the derivative market, FII’s sold 971 crore of Index futures and bought 6951 crores worth of Index options. In the Stock futures segment, FII’s bought 1115 crores worth of stock futures and bought 166 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Falling wedge” pattern. The last session been bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 10100. The downside rally could test all the way through 10150-9950 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 10150-10250 levels. Key resistance holds at 10250 and major support at 9950.


Research Report call:

Technical Chart:
Nifty 3/28/2018 8:59:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10133 -77 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.53%, while the BSE Sensex 30 index added 0.33%.

The biggest gainers of the session on the Nifty 50 were Indian Oil Corporation Ltd, which rose 4.43% or 7.40 points to trade at 174.85 at the close. Hindustan Petroleum Corporation Ltd added 3.57% or 11.90 points to end at 346.90 and Hindalco Industries Ltd. was up 3.49% or 7.35 points to 218.50 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 2.02% or 6.95 points to trade at 336.55 in late trade. Bharti Airtel Ltd. declined 2.00% or 8.45 points to end at 413.20 and Bajaj Auto Ltd shed 1.54% or 43.85 points to 2798.30.

The breadth, indicating the overall health of the market, 1795 rose and 781 declined, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.38 to 64.955.

 

CASH FLOW ANALYSIS

FII DII Activity 27th March 2018, In the cash market today, FII’s bought 1063 crores stock whereas DII’s bought 2172 crores worth of stock. In the derivative market, FII’s bought 355 crore of Index futures and bought 243 crores worth of Index options. In the Stock futures segment, FII’s bought 575 crores worth of stock futures and bought 130 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Falling wedge” pattern. The last session has formed a “Doji” like candlestick pattern which could be read as a trend reversal one. The market is expected to retest a key resistance level holding at 10230 and turn bearish. The downside rally could test all the way through 10180-10100 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance then it might continue in bullish momentum. The upside rally could test 10300-10400 levels. Key support holds at 9950.


Research Report call:

Technical Chart:
Nifty 3/27/2018 8:53:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10174.50 0(Chg) points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 1.33%, while the BSE Sensex 30 index climbed 1.44%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 6.35% or 18.20 points to trade at 303.35 at the close. State Bank of India added 5.28% or 12.40 points to end at 246.50 and Bajaj Finance Ltd was up 3.51% or 59.15 points to 1741.60 in late trade.

Biggest losers included Wipro Ltd, which lost 3.51% or 10.00 points to trade at 274.00 in late trade. GAIL Ltd declined 3.43% or 15.10 points to end at 425.15 and Hindustan Petroleum Corporation Ltd shed 1.47% or 5.00 points to 333.30.

The breadth, indicating the overall health of the market, 1528 fell and 1163 advanced, while 147 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.28 to 64.845.

 

CASH FLOW ANALYSIS

FII DII Activity 26th March 2018, In the cash market today, FII’s sold 741 crores stock whereas DII’s bought 2017 crores worth of stock. In the derivative market, FII’s sold 2014 crore of Index futures and bought 744 crores worth of Index options. In the Stock futures segment, FII’s sold 38 crores worth of stock futures and bought 17 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Falling wedge” pattern. The last session been bullish in trend after retesting the major support level holding at 9950. The market is expected to continue in bullish momentum, testing all the way through 10200-10300 levels in the upcoming sessions. Alternatively, the market might also have a chance on giving a correction over negative momentum. Major resistance holds at 10450.


Research Report call:

Technical Chart:
Nifty 3/21/2018 8:07:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10170.50 +12.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.30%, while the BSE Sensex 30 index climbed 0.22%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 5.09% or 16.55 points to trade at 341.90 at the close. Tech Mahindra Ltd added 3.85% or 23.50 points to end at 633.40 and Eicher Motors Ltd. was up 3.46% or 946.95 points to 28360.45 in late trade.

Biggest losers included Vedanta Ltd, which lost 6.54% or 20.10 points to trade at 287.10 in late trade. Indian Oil Corporation Ltd declined 2.28% or 4.05 points to end at 173.85 and Oil and Natural Gas Corporation Ltd shed 1.55% or 2.75 points to 174.10.

The breadth, indicating the overall health of the market, 1552 fell and 1060 advanced, while 150 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.09 to 65.215.

 

CASH FLOW ANALYSIS

FII DII Activity 20th March 2018, In the cash market today, FII’s bought 344 crores stock whereas DII’s bought 731 crores worth of stock. In the derivative market, FII’s sold 1516 crore of Index futures and sold 1171 crores worth of Index options. In the Stock futures segment, FII’s bought 797 crores worth of stock futures and sold 148 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Descending channel” pattern. The last session ended up retesting the key support holding at 10050. The market is expected to continue in bullish momentum, testing all the way through 10200-10300 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. The downside rally could test 10000-9950 levels. Major Resistance holds at 10500.


Research Report call:

Technical Chart:
Bank Nifty 3/21/2018 8:01:00 AM

Technical outlook

Bank nifty daily chart continues in “Descending channel” pattern. The last session has formed an “Inverse Hammer” candlestick pattern which can be read as a trend reversal one. The market is expected to retest near the key support at 24100 and turn bullish. The upside rally could test all the way through 24250-24500 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. The downside rally could test 24000-23900 levels. Major Resistance holds at 25000.


Research Report call:

Technical Chart:
Nifty 3/20/2018 9:03:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10074 -41 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.99% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.76%.

The biggest gainers of the session on the Nifty 50 were NTPC Ltd, which rose 1.21% or 2.00 points to trade at 167.00 at the close. Maruti Suzuki India Ltd. added 1.06% or 92.20 points to end at 8773.50 and Power Grid Corporation of India Ltd was up 1.12% or 2.15 points to 194.20 in late trade.

Biggest losers included HCL Technologies Ltd, which lost 4.61% or 44.60 points to trade at 926.50 in late trade. Tata Steel Ltd declined 4.37% or 26.20 points to end at 574.95 and Bharti Airtel Ltd. shed 4.13% or 17.20 points to 399.65.

The breadth, indicating the overall health of the market, 2142 fell and 549 advanced, while 129 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01 to 65.065.

 

CASH FLOW ANALYSIS

FII DII Activity 19th March 2018, In the cash market today, FII’s bought 292 crores stock whereas DII’s sold 191 crores worth of stock. In the derivative market, FII’s sold 31 crore of Index futures and sold 399 crores worth of Index options. In the Stock futures segment, FII’s sold 323 crores worth of stock futures and sold 90 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Descending channel” pattern. The last few sessions been bearish in trend and has ended up near the channel’s support slope line. The market is expected to retest near the key support level holding at 10050 and turn bullish. The upside rally could test all the way through 10150-10250 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. The downside rally could test 10000-9950 levels. Resistance holds at 10450.


Research Report call:

Technical Chart:
Bank Nifty 3/16/2018 8:44:00 AM

Technical outlook

Bank nifty 4hr chart has formed “Descending channel” pattern. The last few sessions seems consolidated after retesting a major resistance holding at 25000. The market is expected to continue in bearish momentum, testing all the way through 24600-24400-24200 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might turn bullish once again. The upside rally could test 25200-25400. Major Support holds at 25100.


Research Report call:

Technical Chart:
Nifty 3/15/2018 9:03:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10403.50 -26.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.15%, while the BSE Sensex 30 index fell 0.06%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 3.37% or 20.85 points to trade at 639.10 at the close. Ambuja Cements Ltd. added 2.58% or 6.15 points to end at 243.90 and Yes Bank Ltd was up 1.66% or 5.20 points to 318.85 in late trade.

Biggest losers included Indian Oil Corporation Ltd, which lost 3.25% or 13.25 points to trade at 395.05 in late trade. Bharti Infratel Ltd declined 3.08% or 10.75 points to end at 339.15 and Hindustan Petroleum Corporation Ltd shed 2.02% or 7.75 points to 375.40.

The breadth, indicating the overall health of the market, 1327 fell and 1280 advanced, while 148 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.14% to 64.875.

 

CASH FLOW ANALYSIS

FII DII Activity 14th March 2018, In the cash market today, FII’s sold 258 crores stock whereas DII’s sold 432 crores worth of stock. In the derivative market, FII’s sold 218 crore of Index futures and bought 327 crores worth of Index options. In the Stock futures segment, FII’s sold 308 crores worth of stock futures and bought 47 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed "Descending channel” pattern. The last few sessions seems consolidated after retesting a resistance level holding at 10500. The market is expected to continue in bullish momentum, testing all the way through 10450-10500 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 10300 then it might turn bullish once again. The downside rally could test 10250-10150. Major Support holds at 10150.


Research Report call:

Technical Chart:
Bank Nifty 3/15/2018 8:58:00 AM

Technical outlook

Bank nifty hourly chart has formed "Rising wedge” pattern along with a “Descending channel”. The last session ended up bullish in trend after retesting a key support holding at 24600. The market is expected to continue in bullish momentum, testing all the way through 25000-25200 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 24400-24200. Resistance holds at 25200.


Research Report call:

Technical Chart:
Nifty 3/14/2018 8:48:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10388.50 -40.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.05%, while the BSE Sensex 30 index fell 0.18%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 4.05% or 18.10 points to trade at 466.65 at the close. Hindustan Petroleum Corporation Ltd added 4.32% or 15.85 points to end at 382.95 and Bharti Infratel Ltd was up 2.65% or 9.00 points to 349.00 in late trade.

Biggest losers included Tata Consultancy Services Ltd., which lost 5.44% or 166.05 points to trade at 2886.80 in late trade. Kotak Mahindra Bank Ltd. declined 1.62% or 17.80 points to end at 1083.90 and HCL Technologies Ltd shed 0.79% or 7.65 points to 957.00.

The breadth, indicating the overall health of the market, 1682 rose and 935 declined, while 151 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.14% to 64.875.

 

CASH FLOW ANALYSIS

FII DII Activity 13th March 2018, In the cash market today, FII’s bought 7028 crores stock whereas DII’s bought 1613 crores worth of stock. In the derivative market, FII’s sold 243 crore of Index futures and sold 295 crores worth of Index options. In the Stock futures segment, FII’s bought 165 crores worth of stock futures and sold 148 crores stock options.

 

Technical outlook

Nifty 4hr chart continues in "Megaphone chart” pattern. The last few sessions seems consolidated after retesting a resistance level holding at 10500. The market is expected to continue in bearish momentum, testing all the way through 10400-10300 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 10550-10600. Support holds at 10150.


Research Report call:

Technical Chart:
Bank Nifty 3/14/2018 8:44:00 AM

Technical outlook

Bank nifty hourly chart has formed "Rising wedge” pattern along with a “Descending channel”. The last few sessions seems consolidated and has ended up near a key support holding at 24600. The market is expected to continue in bullish momentum, testing all the way through 25000-25200 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 24400-24200. Resistance holds at 25200.


Research Report call:

Technical Chart:
Nifty 3/13/2018 9:05:00 AM

 

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10417.50 -14.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 1.90%, while the BSE Sensex 30 index gained 1.83%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd., which rose 5.21% or 20.95 points to trade at 421.55 at the close. Vedanta Ltd added 4.36% or 13.25 points to end at 317.40 and ITC Ltd was up 4.19% or 10.85 points to 270.10 in late trade.

Biggest losers included Coal India Ltd, which lost 2.15% or 6.55 points to trade at 297.65 in late trade. Aurobindo Pharma Ltd. declined 1.62% or 9.60 points to end at 582.85 and State Bank of India shed 0.16% or 0.40 points to 252.85.

The breadth, indicating the overall health of the market, 1333 rose and 1324 declined, while 153 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.11 to 65.015.

 

CASH FLOW ANALYSIS

FII DII Activity 12th March 2018, In the cash market today, FII’s bought 374 crores stock whereas DII’s sold 464 crores worth of stock. In the derivative market, FII’s bought 2397 crore of Index futures and sold 40 crores worth of Index options. In the Stock futures segment, FII’s bought 982 crores worth of stock futures and bought 55 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed "Megaphone chart” pattern. The last few sessions been bullish in trend after retesting the major support level holding at 10150. The market is expected to continue in bullish momentum, testing all the way through 10450-10500 levels in the upcoming sessions. Alternatively, the market might also give a chance on giving a small correction over negative momentum. Major Resistance holds at 10500.


Research Report call:

Technical Chart:
Bank Nifty 3/13/2018 8:58:00 AM

Technical outlook

Bank nifty 4hr chart has formed "Descending broadening wedge” pattern. The last few sessions been bullish in trend after retesting the major support level holding at 24000. The market is expected to continue in bullish momentum, testing all the way through 24900-25200 levels in the upcoming sessions. Alternatively, the market might also give a chance on giving a small correction over negative momentum. Major Resistance holds at 25200.


Research Report call:

Technical Chart:
Nifty 3/9/2018 8:52:00 AM

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10280 +42 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.87%, while the BSE Sensex 30 index added 0.96%.

The biggest gainers of the session on the Nifty 50 were State Bank of India, which rose 4.05% or 10.00 points to trade at 256.80 at the close. ICICI Bank Ltd added 3.91% or 11.20 points to end at 296.95 and Adani Port and Special Economic Zone Ltd was up 3.44% or 12.95 points to 387.95 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 2.83% or 14.85 points to trade at 514.60 in late trade. Tata Steel Ltd declined 1.77% or 11.45 points to end at 635.90 and Yes Bank Ltd shed 0.99% or 3.10 points to 308.55.

The breadth, indicating the overall health of the market, 1480 fell and 1161 advanced, while 149 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.26 to 65.095.

 

CASH FLOW ANALYSIS

FII DII Activity 8th March 2018, In the cash market today, FII’s sold 364 crores stock whereas DII’s bought 675 crores worth of stock. In the derivative market, FII’s bought 324 crore of Index futures and bought 540 crores worth of Index options. In the Stock futures segment, FII’s bought 373 crores worth of stock futures and sold 287 crores stock options.

 

Technical outlook

Nifty 4-hour chart has formed "Megaphone chart” pattern. The last session ended up retesting near a key support level holding at 10150. The market is expected to continue in bullish momentum, testing all the way through 10250-10350-10500 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn to bearish. The downside rally could test 10100-10000 levels. Key Resistance holds at 10500.


Research Report call:

Technical Chart:
Bank Nifty 3/9/2018 8:40:00 AM

Technical outlook

Bank Nifty 4-hour chart has formed "Descending broadening wedge” pattern. The last session ended up retesting near a key support level holding at 24000. The market is expected to continue in bullish momentum, testing all the way through 24800-25200 levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 23800-23600 levels. Key Resistance holds at 25200.


Research Report call:

Technical Chart:
Nifty 3/8/2018 8:56:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10219 +40 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.93% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.85%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 1.84% or 17.20 points to trade at 949.55 at the close. ITC Ltd added 1.27% or 3.25 points to end at 259.90 and Zee Entertainment Enterprises Ltd. was up 0.97% or 5.40 points to 565.10 in late trade.

Biggest losers included Adani Port and Special Economic Zone Ltd, which lost 6.45% or 26.15 points to trade at 376.95 in late trade. State Bank of India declined 3.84% or 9.85 points to end at 246.65 and Indiabulls Housing Finance Ltd shed 3.37% or 41.75 points to 1196.25.

The breadth, indicating the overall health of the market, 2186 fell and 483 advanced, while 116 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.06 to 64.905.

 

CASH FLOW ANALYSIS

FII DII Activity 7th March 2018, In the cash market today, FII’s sold 719 crores stock whereas DII’s bought 409 crores worth of stock. In the derivative market, FII’s bought 377 crore of Index futures and sold 939 crores worth of Index options. In the Stock futures segment, FII’s bought 353 crores worth of stock futures and sold 71 crores stock options.

 

Technical outlook

Nifty daily chart has formed "Rectangle chart” pattern. The last few sessions been bearish in trend as the prices have already broken out the channel’s support line itself. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 10100. The downside rally could test all the way through 10050-10000 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 10150-10300 levels. Major Resistance holds at 10630. Previous Support becomes key resistance at 10300.


Research Report call:

Technical Chart:
Bank Nifty 3/8/2018 8:51:00 AM

Technical outlook

Bank nifty daily chart has formed "Descending channel” pattern. The last few sessions been bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24000. The downside rally could test all the way through 23800-23600 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 24200-24500 levels. Major Resistance holds at 25700. Previous Support becomes key resistance at 24500.


Research Report call:

Technical Chart:
Nifty 3/7/2018 9:13:00 AM

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10212 -20 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.06% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.27%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 2.49% or 10.80 points to trade at 445.20 at the close. Zee Entertainment Enterprises Ltd. added 0.80% or 4.40 points to end at 559.50 and UltraTech Cement Ltd was up 1.33% or 54.40 points to 4150.30 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 3.30% or 18.10 points to trade at 531.75 in late trade. ICICI Bank Ltd declined 2.84% or 8.60 points to end at 295.05 and Mahindra & Mahindra Ltd. shed 2.66% or 19.70 points to 719.90.

The breadth, indicating the overall health of the market, 1993 fell and 636 advanced, while 152 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.12 to 65.077.

 

CASH FLOW ANALYSIS

FII DII Activity 6th March 2018, In the cash market today, FII’s bought 620 crores stock whereas DII’s sold 734 crores worth of stock. In the derivative market, FII’s bought 510 crore of Index futures and bought 1027 crores worth of Index options. In the Stock futures segment, FII’s bought 709 crores worth of stock futures and sold 7 crores stock options.

 

Technical outlook

Nifty 4-hour chart has formed "Rectangle chart” pattern. The last session been a strong bearish one as the prices have broken out the channel’s support line itself. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 10180. The downside rally could test all the way through 10100-10000 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 10250-10300 levels. Major Resistance holds at 10630. Previous Support becomes key resistance at 10300.


Research Report call:

Technical Chart:
Bank Nifty 3/7/2018 8:54:00 AM

Technical outlook

Bank nifty 4-hour chart has formed "Descending channel” pattern. The last session been a strong bearish one as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 24300. The downside rally could test all the way through 24150-24000 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 24500-24700 levels. Major Resistance holds at 25700. Previous Support becomes key resistance at 24700.


Research Report call:

Technical Chart:
Nifty 3/6/2018 8:44:00 AM

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10392 +32 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.95% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.88%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd, which rose 3.60% or 22.00 points to trade at 630.85 at the close. Sun Pharmaceutical Industries Ltd. added 2.23% or 11.95 points to end at 548.55 and Tata Consultancy Services Ltd. was up 2.15% or 65.30 points to 3105.85 in late trade.

Biggest losers included Tata Motors Ltd, which lost 5.07% or 18.80 points to trade at 352.05 in late trade. Hindalco Industries Ltd. declined 4.98% or 12.00 points to end at 229.60 and Aurobindo Pharma Ltd. shed 3.91% or 24.40 points to 600.75.

The breadth, indicating the overall health of the market, 1976 fell and 708 advanced, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.18 to 65.085.

 

CASH FLOW ANALYSIS

FII DII Activity 5th March 2018, In the cash market today, FII’s sold 366 crores stock whereas DII’s sold 154 crores worth of stock. In the derivative market, FII’s sold 1487 crore of Index futures and bought 1373 crores worth of Index options. In the Stock futures segment, FII’s sold 472 crores worth of stock futures and bought 72 crores stock options.

 

Technical outlook

Nifty 4-hour chart continues in "Rectangle chart” pattern. The last session ended up retesting near the pattern’s major support level. The market is expected to continue in bearish momentum, once the same breaks below the major support holding at 10300. The downside rally could test all the way through 10250-10200 levels in the 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 10400-10500 levels. Major Resistance holds at 10630.


Research Report call:

Technical Chart:
Bank Nifty 3/5/2018 8:42:00 AM

Technical outlook

Bank nifty 4-hour chart has formed "Descending channel” pattern. The last session ended up near a key support at 24800 inside the channel. The market is expected to continue in bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 24600-24400 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 25000-25200 levels. Resistance holds at 25700.


Research Report call:

Technical Chart:
Nifty 3/1/2018 8:53:00 AM

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10462.50 -56.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.58%, while the BSE Sensex 30 index declined 0.47%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 1.95% or 22.40 points to trade at 1172.60 at the close. UPL Ltd added 1.05% or 7.60 points to end at 728.75 and Eicher Motors Ltd. was up 1.04% or 283.10 points to 27437.75 in late trade.

Biggest losers included Vedanta Ltd, which lost 3.19% or 10.85 points to trade at 329.75 in late trade. Hindustan Petroleum Corporation Ltd declined 2.90% or 11.35 points to end at 380.15 and ICICI Bank Ltd shed 2.76% or 8.90 points to 313.25.

The breadth, indicating the overall health of the market, 1531 fell and 1088 advanced, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.37 to 65.172.

 

CASH FLOW ANALYSIS

FII DII Activity 28th February 2018, In the cash market today, FII’s sold 1750 crores stock whereas DII’s bought 1596 crores worth of stock.

 

Technical outlook

Nifty 4-hour chart has formed "Rectangle chart” pattern. The last session ended up consolidated inside the channel near a key support at 10470. The market is expected to continue in bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 10400-10300 levels in the upcoming weeks. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 10550-10600 levels. Major Resistance holds at 10630 and major support at 10300.


Research Report call:

Technical Chart:
Bank Nifty 3/1/2018 8:45:00 AM

Technical outlook

Bank nifty 4-hour chart has formed "Descending channel” pattern. The last session ended up retesting near a key support at 25970 inside the channel. The market is expected to continue in bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 24800-24600 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 25200-25400 levels. Resistance holds at 25700.


Research Report call: