Equity Report

Nifty 1/19/2018 9:15:00 AM

 Pre-Market Friday! Asian market mixed trading flat, Nifty50 on the SGX were trading slightly higher at 10823 +11 points on indicating positive opening for the NSE.

The Nifty advanced 28.45 points or 0.26% to settle at 10,817, a record closing high. The index gained 98.95 points or 0.92% at the days high of 10,887.50. The index fell 6.15 points or 0.06% at the days low of 10,782.40.

On yesterday the biggest gainers of the session on the Nifty50 were India bulls Housing Finance Ltd, which rose 2.64% or 31.95 points to trade at 1243.70 at the close. ITC Ltd added 2.99% or 7.95 points to end at 273.40 and UPL Ltd was up 2.21% or 17.25 points to 800.50 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 6.00% or 21.95 points to trade at 343.80 in late trade. Adani Port and Special Economic Zone Ltd declined 3.37% or 14.60 points to end at 416.25 and Hindalco Industries Ltd.  shed 3.44% or 9.05 points to 253.90.

The breadth, indicating the overall health of the market, 2226 fell and 657 advanced, while 114 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR fell 0.06 to 63.90

 

CASH FLOW ANALYSIS

FII DII Activity 18th January   FII’s bought 1894 crores stock whereas DII’s sold 657 crores worth of stock. In the derivative market, FII’s bought 679 crore of Index futures and sold 232 crores worth of Index options. In the Stock futures segment, FII’s bought 1841 crores worth of stock futures and sold 66 crores stock options.

 

Technical view

Nifty daily chart continues in “Rising wedge” pattern. The last few sessions seems strongly bearish in trend after a gap up open and have retested the channel’s resistance slope line near 10890. The market is expected to continue in the same trend, testing all the way through 10750-10700 levels in the upcoming sessions. Alternatively, if market breaks above the resistance level holding at 10900, then buyers might take control over the market once again. Support holds at 10700.


Research Report call:

Technical Chart:
Bank Nifty 1/19/2018 9:03:00 AM

Technical view

Bank Nifty daily chart has formed a “Rising wedge” pattern. The last session’s been a gap up one, seems strongly bearish in trend as the market have already broken out the pattern itself. The market is likely to continue on the same trend for a while as a correction to retest the previous resistance level which is now support holding at 26350, testing all the way through 26500-26350 levels in the upcoming sessions. As per the technical aspects, once the market reaches the support level then it might turn bullish once again. Major Resistance holds at 26900.


Research Report call:

Technical Chart:
Bank Nifty 1/18/2018 9:07:00 AM

 Technical outlook

Bank Nifty daily chart continues in "Rising Wedge” pattern. The last session has formed an “Bullish engulfing” candlestick pattern which has been a strong one and has ended up near a major resistance level holding at 26350. The market is expected retest the level and turn bearish once again, testing all the way through 26200-26000 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyers might take control over the market. Support holds at 25800.


Research Report call:

Technical Chart:
Nifty 1/18/2018 9:02:00 AM

 Pre-Market Thursday! Asian market reach record high Nifty50 on the SGX were trading higher at 10852 +47 points on indicating gap up opening for the NSE.

The Nifty 50 index lost 41.10 points or 0.38% to settle at 10,700.45. The Nifty gained 20.80 points or 0.19% at the days high of 10,762.35 in morning trade. The index declined 53.70 points.

On yesterday the biggest gainers of the session on the NIFTY50 were AXIS Bank Ltd, which rose 4.37% or 24.60 points to trade at 585.20 at the close. State Bank of India added 4.04% or 11.95 points to end at 307.10 and ICICI Bank Ltd was up 2.77% or 9.25 points to 343.25 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 3.47% or 21.30 points to trade at 593.10 in late trade. Wipro Ltd declined 1.81% or 6.00 points to end at 325.70 and Hindustan Unilever Ltd.  shed 0.45% or 6.15 points to 1371.20.

The breadth, indicating the overall health of the market, 1422 rose and 1403 declined, while 138 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR fell 0.16 to 63.98

 

CASH FLOW ANALYSIS

FII DII Activity 17th January   FII’s bought 625 crores stock whereas DII’s bought 168 crores worth of stock. In the derivative market, FII’s sold 657 crore of Index futures and bought 565 crores worth of Index options. In the Stock futures segment, FII’s bought 1876 crores worth of stock futures and sold 65 crores stock options.

Technical outlook

Nifty daily chart has formed "Rising Wedge” pattern. The last session has formed an “Bullish engulfing” candlestick pattern which has been a strong one and has ended up near a major resistance level holding at 10800. The market is expected retest the level and turn bearish once again, testing all the way through 10750-10700 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyers might take control over the market. Previous resistance become Support at 10600.


Research Report call:

Technical Chart:
Nifty 1/17/2018 9:15:00 AM

 Pre-Market Wednesday! Asian market negative territory Nifty50 on the SGX were trading lower at 10712 -3 points on indicating flat opening for the NSE.

The Nifty 50 index lost 41.10 points or 0.38% to settle at 10,700.45. The Nifty gained 20.80 points or 0.19% at the days high of 10,762.35 in morning trade. The index declined 53.70 points

The biggest gainers of the session on the Nifty50 were wipro, which rose 4.88% or 15.45 points to trade at 331.90 at the close. HCL TECH added 4.61% or 41.85 points to end at 948.75 and INFOSYS was up 3.93% or 42.50 points to 1122.90 in late trade.

Biggest losers included Coal India. which lost 4.67% or 14.30 points to trade at 291.60 in late trade. HPCL declined 3.67% or 15.65 points to end at 410.40 and Bajaj finance shed 2.92% or 50.80 points to 1687.35

The breadth, indicating the overall health of the market, 335 rose and 1485 declined, while 44 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR rose 0.57 to 64.14.

 

CASH FLOW ANALYSIS

 FII DII Activity 16th January   FII’s bought 693 crores stock whereas DII’s sold 246 crores worth of stock. In the derivative market, FII’s bought 37 crore of Index futures and bought 1004 crores worth of Index options. In the Stock futures segment, FII’s bought 881 crores worth of stock futures and sold 309 crores stock options.

Technical view

Nifty daily chart has formed "Rising Wedge” pattern. The last session seems strongly bearish as the prices have retested the Major resistance level holding at 10780. The market is expected fall further on bearish momentum, testing all the way through 10680-10640 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyer might take control over the market. Previous resistance become Support at 10640.


Research Report call:

Technical Chart:
Bank Nifty 1/17/2018 9:12:00 AM

 Technical view

Bank Nifty daily chart has formed "Rising Wedge” pattern. The last session seems strongly bearish as the prices have retested the Major resistance level holding at 26150. The market is expected fall further on bearish momentum, testing all the way through 25900-25800 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyer might take control over the market. Previous resistance become Support at 25800.


Research Report call:

Technical Chart:
Nifty 1/16/2018 9:13:00 AM

 Pre-Market Tuesday! Asian market positive territory all major index hits 2007 high Nifty50 on the SGX were trading at 10758 +71.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.56% to hit a new all-time high, while the BSE Sensex 30 index gained 0.73%.

The biggest gainers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd, which rose 5.80% or 102.05 points to trade at 1871.20 at the close. ICICI Bank Ltd added 3.70% or 11.75 points to end at 329.30 and Ambuja Cements Ltd. was up 2.84% or 7.65 points to 276.95 in late trade.

Biggest losers included GAIL Ltd, which lost 2.10% or 10.50 points to trade at 489.25 in late trade. Eicher Motors Ltd. declined 2.57% or 737.45 points to end at 27981.50 and Oil and Natural Gas Corporation Ltd shed 2.04% or 4.10 points to 196.60.

The breadth, indicating the overall health of the market, 1514 rose and 1375 declined, while 140 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR down 0.15% to 63.447

 

CASH FLOW ANALYSIS

FII DII Activity 15th January 2018. In the cash market today, FII’s bought 32 crores stock whereas DII’s sold 173 crores worth of stock. In the derivative market, FII’s sold 554 crore of Index futures and sold 85 crores worth of Index options. In the Stock futures segment, FII’s bought 1670 crores worth of stock futures and bought 113 crores stock options.

Technical view

Nifty daily chart has formed “Rising wedge” pattern. The last session seems consolidated but bullish in trend and has ended up meeting with the Major resistance level. The market is expected to retest the level and turn bearish, testing all the way through 10700-10600 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyer might take control over the market. Major Resistance holds at 10800 and Support at 10500.


Research Report call:

Technical Chart:
Bank Nifty 1/16/2018 8:46:00 AM

 Technical view

Bank Nifty daily chart has formed "Rising Wedge” pattern. The last session seems strongly bullish in trend and has ended up meeting with the Major resistance level. The market is expected to retest the level and turn bearish, testing all the way through 26000-25900 levels in the upcoming sessions. Alternatively, if resistance gets broken then buyer might take control over the market. Major Resistance holds at 26100 and Previous resistance become Support at 25800.


Research Report call:

Technical Chart:
Nifty 1/15/2018 9:11:00 AM

 Pre-Market Monday! Asian market positive territory Nifty50 on the SGX were trading higher at 10727 +41 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.28% to hit a new all-time high, while the BSE Sensex 30 index climbed 0.26%.

The biggest gainers of the session on the Nifty 50 were ICICI Bank Ltd, which rose 2.50% or 7.75 points to trade at 317.70 at the close. Bharti Infratel Ltd added 1.94% or 7.15 points to end at 374.80 and Zee Entertainment Enterprises Ltd. was up 2.72% or 15.75 points to 591.00 in late trade.

Biggest losers included UPL Ltd, which lost 1.30% or 10.20 points to trade at 775.35 in late trade. Aurobindo Pharma Ltd. declined 0.99% or 6.65 points to end at 667.05 and Lupin Ltd shed 1.38% or 12.80 points to 919.10.

The breadth, indicating the overall health of the market, 1536 fell and 1305 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 63.645.

 

CASH FLOW ANALYSIS

FII Activity 12th January 2018. In the cash market today, FII’s sold 158 crores stock whereas DII’s bought 696 crores worth of stock. In the derivative market, FII’s bought 53 crore of Index futures and bought 1027 crores worth of Index options. In the Stock futures segment, FII’s bought 1086 crores worth of stock futures and sold 48 crores stock options.

Technical outlook

Nifty daily chart has formed “Rising Wedge” pattern. The last session seems to have formed a “Dragonfly Doji” candlestick pattern which could be read as a trend reversal one. The market is expected to turn bearish as a small correction and the downside rally could test all the way through 10650-10600 levels in the upcoming sessions. Alternatively, once market reaches the support slope line of the channel then it might turn bullish once again. Resistance holds at 10700 Support holds at 10600.


Research Report call:

Technical Chart:
Bank Nifty 1/15/2018 8:57:00 AM

 Technical outlook

Bank Nifty daily chart formed “Symmetrical triangle” pattern. The last session ended up bullish retesting the channel’s resistance slope line. As per the technical aspects of the pattern, the retest is likely to turn the trend to bearish. The downside rally could test 25700-25600 levels in upcoming sessions. Alternatively, if the market breaks above the resistance slope line, then it might turn bullish once again. Major resistance holds at 25900. Support holds at 25500.


Research Report call:

Technical Chart:
Bank Nifty 1/12/2018 8:49:00 AM

 Technical outlook

Bank Nifty 4Hr chart continues in “Megaphone chart” pattern. The last few sessions consolidated after retesting the key support level inside the channel holding at 25570. The retest is likely to push the market furthermore in bullish momentum and the upside rally could test all the way through 25800-25900 levels in the upcoming sessions. Alternatively, if market breaks below the key support then it might turn bearish. Major Resistance holds at 25925, Key Resistance at 25785 and Additional Support holds at 25250.


Research Report call:

Technical Chart:
Nifty 1/12/2018 8:39:00 AM

 Pre-Market Friday! Asian market positive territory Nifty50 on the SGX were trading higher at 10707 +49 points on indicating gap up opening for the NSE.

The Nifty rose 19 points or 0.18% to settle at 10,651.20, its record closing high. The index advanced 32.40 points, or 0.3%, at the days high of 10,664.60, a record high. The index lost 19.85 points, or 0.18%, at the days low of 10,612.35.

The biggest gainers of the session on the Nifty50 were Infosys Ltd, which rose 2.30% or 24.25 points to trade at 1075.80 at the close. Indiabulls Housing Finance Ltd added 1.98% or 23.85 points to end at 1228.65 and Tech Mahindra Ltd was up 1.39% or 7.55 points to 551.70 in late trade.

Biggest losers included IndusInd Bank Ltd. which lost 1.95% or 33.80 points to trade at 1700.30 in late trade. Wipro Ltd declined 2.04% or 6.65 points to end at 321.10 and Ambuja Cements Ltd. shed 1.52% or 4.20 points to 271.75

 The breadth, indicating the overall health of the market, 1562 rose and 1300 declined, while 124 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR flat gain 0.03 to 63.76

 

CASH FLOW ANALYSIS

 FII DII Activity 11th January   FII’s sold 623 crores stock whereas DII’s bought 770 crores worth of stock. In the derivative market, FII’s sold 1186 crore of Index futures and bought 1362 crores worth of Index options. In the Stock futures segment, FII’s bought 152 crores worth of stock futures and sold 39 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions seems consolidated near a major resistance level holding at 10650 as the prices have already broken out the pattern itself. The market is likely to retest the resistance level and turn overall bearish, testing all the way through 10600-10540 levels in the upcoming sessions. Alternatively, if market breaks above the major resistance level then it might continue in bullish momentum. Previous resistance become Support at 10540. Additional support holds at 10410.


Research Report call:

Technical Chart:
Nifty 1/11/2018 9:03:00 AM

 Pre-Market Thursday! Asian market negative territory Nifty50 on the SGX were trading lower at 10623 -15 points on indicating flat opening for the NSE.

The Nifty 50 index fell 4.80 points or 0.05% to settle at 10,632.20, The index rose 18.50 points, or 0.17% at the days high of 10,655.50, a record high. The index fell 44.30 points, or 0.42% at the days low of 10,592.70.

The biggest gainers of the session on the Nifty50 were Tata Consultancy Services Ltd, which rose 3.47% or 94.00 points to trade at 2806.60 at the close. Wipro Ltd added 2.90% or 9.20 points to end at 326.70 and HCL Technologies Ltd was up 2.47% or 22.05 points to 915.85 in late trade.

Biggest losers included Eicher Motors Ltd, which lost 1.56% or 446.95 points to trade at 28097.50 in late trade. NTPC Ltd declined 1.39% or 2.45 points to end at 173.95 and UPL Ltd shed 1.57% or 12.45 points to 778.85.

 The breadth, indicating the overall health of the market, 1565 fell and 1289 advanced, while 115 ended unchanged.

Rupee desk: The USD/INR decline 0.11 to 63.73

 

CASH FLOW ANALYSIS

 FII DII Activity 10th January   FII’s sold 572 crores stock whereas DII’s bought 600 crores worth of stock. In the derivative market, FII’s sold 241 crore of Index futures and bought 90 crores worth of Index options. In the Stock futures segment, FII’s bought 317 crores worth of stock futures and bought 2 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed “Rectangle chart” pattern. The last few sessions seems consolidated near a major resistance level holding at 10650 as the prices have already broken out the pattern itself. The market is likely to retest the resistance level and turn overall bearish, testing all the way through 10550-10520 levels in the upcoming sessions. Alternatively, if market breaks above the major resistance level then it might continue in bullish momentum. Previous resistance become Support at 10540. Additional support holds at 10410.


Research Report call:

Technical Chart:
Bank Nifty 1/11/2018 9:00:00 AM

 Technical outlook

Bank Nifty daily chart continues in “Megaphone chart” pattern. The last few sessions consolidated after retesting the channel’s resistance line which is a major resistance level at 25785. Exclusively last session ended up meeting with a middle key support level holding at 25570. The market is expected to continue in bearish once the same breaks below the middle support and the downside rally could test all the way through 25450-25250 levels in the upcoming sessions. Alternatively, if the middle support holds strong then trend might turn to bullish. Major Resistance holds at 25780 and major Support holds at 25250.


Research Report call:

Technical Chart:
Nifty 1/10/2018 9:06:00 AM

 Pre-Market Wednesday! Asian market negative territory Nifty50 on the SGX were trading lower at 10635 -4 points on indicating flat opening for the NSE.

The Nifty 50 index rose 13.40 points or 0.13% to settle at 10,637, its record closing high. The index rose 35.55 points, or 0.33% at the days high of 10,659.15, a record high. The index fell 20 points, or 0.19% at the days low of 10,603.60.

The biggest gainers of the session on the Nifty50 were Coal India Ltd, which rose 5.76% or 16.55 points to trade at 304.05 at the close. Yes Bank Ltd added 2.32% or 7.75 points to end at 341.35 and Wipro Ltd was up 1.33% or 4.15 points to 317.20 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd. which lost 2.22% or 13.20 points to trade at 580.05 in late trade. Eicher Motors Ltd. declined 2.01% or 585.60 points to end at 28596.95 and Hindalco Industries Ltd. shed 1.47% or 4.05 points to 271.50.

The breadth, indicating the overall health of the market, 1602 fell and 1314 advanced, while 89 ended unchanged.

Rupee desk: The USD/INR rose 0.24 to 63.84

CASH FLOW ANALYSIS

FII DII Activity 9th January   FII’s sold 303 crores stock whereas DII’s bought 522 crores worth of stock. In the derivative market, FII’s bought 291 crore of Index futures and sold 101 crores worth of Index options. In the Stock futures segment, FII’s bought 360 crores worth of stock futures and sold 177 crores stock options.

Technical outlook

Nifty daily chart has formed “Rising Wedge” pattern. The last session seems to have formed a “Hammer” candlestick pattern which could be read as a trend reversal one. The market is expected to turn bearish as a small correction and the downside rally could test all the way through 10600-10550 levels in the upcoming sessions. Alternatively, once market reaches the support slope line of the channel then it might turn bullish once again. Support holds at 10400.


Research Report call:

Technical Chart:
Bank Nifty 1/10/2018 8:56:00 AM

 Technical outlook

Bank Nifty daily chart has formed “Megaphone chart” pattern. The last few sessions consolidated after retesting the channel’s resistance line which is a major resistance level at 25785. The retest might pull back the market on bearish momentum furthermore and the downside rally could test all the way through 25600-25500 levels in the upcoming sessions. Alternatively, if market breaks above the resistance level then it might continue in bullish. Support holds at 25250.


Research Report call:

Technical Chart:
Nifty 1/9/2018 9:08:00 AM

 Pre-Market Tuesday! Asian market negative territory Nifty50 on the SGX were trading at 10653 +21 points on indicating flat opening for the NSE.

The Nifty 50 index rose 64.75 points or 0.61% to settle at 10,623.60, its record closing high. The index rose 72.35 points, or 0.69% at the days high of 10,631.20, its record high level. The index rose 29.70 points, or 0.28% at the days low of 10,588.55.

The biggest gainers of the session on the Nifty50 were Coal India Ltd, which rose 3.12% or 8.70 points to trade at 287.45 at the close. Lupin Ltd added 2.57% or 23.15 points to end at 923.30 and Infosys Ltd was up 2.38% or 24.05 points to 1036.05 in late trade.

Biggest losers included Bharti Airtel Ltd., which lost 4.44% or 24.00 points to trade at 516.35 in late trade. Oil and Natural Gas Corporation Ltd declined 0.71% or 1.40 points to end at 197.40 and HCL Technologies Ltd shed 0.43% or 3.90 points to 900.50

The breadth, indicating the overall health of the market, 1868 rose and 969 declined, while 90 ended unchanged.

Rupee desk: The USD/INR down 0.12 to 63.63

 

CASH FLOW ANALYSIS

FII DII Activity 8th January FII’s bought 692 crores stock whereas DII’s sold 206 crores worth of stock. In the derivative market, FII’s bought 205 crore of Index futures and bought 2727 crores worth of Index options. In the Stock futures segment, FII’s sold 33 crores worth of stock futures and sold 212 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed a “Rectangle chart” pattern. The last few sessions seem strongly bullish in trend as the market have already broken out the pattern itself. Exclusively, the last session ended up near the major resistance level. The market is likely to retest the level and turn overall bearish, testing all the way through 10600-10560 levels in the upcoming sessions. Alternatively, if market breaks above the major resistance level then it might continue in bullish momentum. Major Resistance holds at 10640 and Previous resistance become Support at 10540.


Research Report call:

Technical Chart:
Bank Nifty 1/9/2018 8:56:00 AM

Technical view

Banknifty 4hr chart has formed a “Falling wedge” pattern. The last session seems consolidated near a major resistance level holding at 25780, as the market have already broken out the pattern itself. A retest on the major resistance level might turn the trend to bearish, testing all the way through 25600-25500 levels in the upcoming sessions. Alternatively, if market breaks above the resistance level then it might turn bullish once again. Key Support holds at 25500.


Research Report call:

Technical Chart:
Nifty 1/8/2018 9:20:00 AM

 Pre-Market Monday! Asian market Positive territory Nifty50 on the SGX were trading at 10623 +43 points on indicating gap up opening for the NSE.

The Nifty 50 index rose 54.05 points or 0.51% to settle at 10,558.85, its record closing high. The index rose 61.30 points, or 0.58% at the days high of 10,566.10, its record high intraday level. The index rose 15.30 points, or 0.15% at the days low of 10,520.10.

The biggest gainers of the session on the Nifty50 were Yes Bank Ltd, which rose 4.97% or 15.75 points to trade at 332.85 at the close. Bajaj Finance Ltd added 3.45% or 60.50 points to end at 1814.50 and Adani Port and Special Economic Zone Ltd was up 3.40% or 13.95 points to 423.80 in late trade.

Biggest losers included Bharti Infratel Ltd, which lost 1.75% or 6.65 points to trade at 372.60 in late trade. Hindalco Industries Ltd. declined 1.30% or 3.65 points to end at 276.40 and UPL Ltd shed 0.97% or 7.55 points to 774.20.

The breadth, indicating the overall health of the market, 1657 rose and 1199 declined, while 120 ended unchanged.

Rupee desk: The USD/INR down 0.04 to 63.52

 

CASH FLOW ANALYSIS

FII DII Activity 5th FII’s bought 581 crores stock whereas DII’s bought 243 crores worth of stock. In the derivative market, FII’s sold 1201 crore of Index futures and bought 751 crores worth of Index options. In the Stock futures segment, FII’s bought 90 crores worth of stock futures and sold 19 crores stock options.

 

Technical outlook

Nifty 4hr chart has formed a “Rectangle chart” pattern. The last few sessions seem strongly bullish in trend as the market have already broken out the pattern itself. The market is likely to continue on the same trend for a while, testing all the way through 10600-10640 levels in the upcoming sessions. Major Resistance holds at 10640 and Support at 10420.


Research Report call:

Technical Chart:
Bank Nifty 1/8/2018 9:10:00 AM

 Technical view

Banknifty daily chart has formed a “Falling wedge” pattern. The last few sessions seem strongly bullish in trend as the market have already broken out the pattern itself. The market is likely to continue on the same trend for a while, testing all the way through 25700-25800 levels in the upcoming sessions. Major Resistance holds at 25800 and Near Support at 25250.


Research Report call:

Technical Chart:
Nifty 1/5/2018 8:45:00 AM

 Pre-Market Friday! Asian market positive territory all major index hits 2007 high Nifty50 on the SGX were trading at 10554 +22 points on indicating gap up opening for the NSE.

The Nifty advanced 61.60 points or 0.59% to settle at 10,504.80, its highest closing level since 29 December 2017. The index rose 69.80 points, or 0.67%, at the days high of 10,513. The index fell 1.75 points, or, 0.02%, at the days low of 10,441.45.

The biggest gainers of the session on the Nifty50 were Tata Steel Ltd, which rose 3.88% or 28.50 points to trade at 760.25 at the close. Larsen & Toubro Ltd added 2.98% or 38.00 points to end at 1315.70 and Oil and Natural Gas Corporation Ltd was up 2.74% or 5.30 points to 199.50 in late trade.

Biggest losers included Tata Motors Ltd, which lost 0.90% or 3.90 points to trade at 429.95 in late trade. Eicher Motors Ltd. declined 0.85% or 243.60 points to end at 28570.75 and Bharat Petroleum Corp. Ltd. shed 0.69% or 3.40 points to 491.50.

The breadth, indicating the overall health of the market, 1868 rose and 969 declined, while 90 ended unchanged.

Rupee desk: The USD/INR down 0.14 to 63.56

CASH FLOW ANALYSIS

FII DII Activity 4th January FII’s bought 212 crores stock whereas DII’s bought 325 crores worth of stock. In the derivative market, FII’s sold 448 crore of Index futures and bought 996 crores worth of Index options. In the Stock futures segment, FII’s sold 108 crores worth of stock futures and bought 11 crores stock options

Technical view

Nifty 4hr chart has formed a “Rectangle chart” pattern. The last few sessions have been positive in trend after the consolidation but ended up bullish in trend. The market is expected to continue in bullish trend and the upside rally could test 10525-10540 levels in the upcoming sessions. Once market reaches the major resistance level holding at 10540, then it might turn bearish. The downside rally could test 10500-10425 levels. Major support holds at 10415.


Research Report call:

Technical Chart:
Bank Nifty 1/5/2018 8:43:00 AM

 Technical view

Bank Nifty 4Hr chart continues in “Falling wedge” pattern. The last few sessions seems strongly bullish in trend and has ended up meeting with the channel’s resistance slope line. The market is expected to continue in the same trend once it breaks above the resistance slope line, testing all the way through 25550-25600 levels in the upcoming sessions. Major Resistance holds at 25600 and Support at 25250.


Research Report call:

Technical Chart:
Nifty 1/4/2018 9:06:00 AM

 Pre-Market Thursday! Asian market positive territory Nifty50 on the SGX were trading at 10498 +19 points on indicating gap up opening for the NSE.

The Nifty 50 index rose 1 point or 0.01% to settle at 10,443.20, The Nifty rose 61.40 points, or 0.59% at the days high of 10,503.60 in morning trade. The index fell 12.65 points, or 0.12% at the days low of 10,429.55 in mid-afternoon trade

The biggest gainers of the session on the NIFTY50 were Adani Port and Special Economic Zone Ltd, which rose 2.58% or 10.25 points to trade at 407.65 at the close. Larsen & Toubro Ltd added 2.04% or 25.55 points to end at 1275.30 and ICICI Bank Ltd was up 1.71% or 5.30 points to 315.00 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd, which lost 2.91% or 70.20 points to trade at 2339.00 in late trade. Wipro Ltd declined 2.75% or 8.75 points to end at 309.95 and Oil and Natural Gas Corporation Ltd shed 1.73% or 3.40 points to 193.45

The breadth, indicating the overall health of the market, NSE 1867 rose and 939 declined, while 113 ended unchanged.

Rupee desk: The USD/INR was up 0.06 to 64.71

 

CASH FLOW ANALYSIS

FII DII Activity 3rd January 2018, FII’s bought 96 crores stock whereas DII’s sold 269 crores worth of stock. In the derivative market, FII’s sold 1011 crore of Index futures and bought 515 crores worth of Index options. In the Stock futures segment, FII’s bought 41 crores worth of stock futures and bought 316 crores stock options.

 

Technical outlook

Nifty daily chart continues in “Rising wedge” pattern. The last session seems consolidated near the channel’s support line but bearish in trend. As per the technical aspects of the pattern, the market is expected to retest the level and turn bullish once again. The upside rally could test 10500-10550 levels in upcoming sessions. Alternatively, if market breaks below the support slope line then it might continue in bearish momentum. Major resistance holds at 10550 and support at 10400.


Research Report call:

Technical Chart:
Bank Nifty 1/4/2018 8:54:00 AM

 Technical view

Bank Nifty 4Hr chart continues in “Falling wedge” pattern. The last market session seems a consolidated one but been bearish in trend. The market is expected to continue in the same trend testing all the way through 25300-25200 levels in the upcoming sessions. Major Resistance holds at 25600 and Support at 25200.


Research Report call:

Technical Chart:
Nifty 1/3/2018 9:11:00 AM

 Pre-Market Wednesday! Asian market positive territory Nifty50 on the SGX were trading at 10489 +20.50 points on indicating gap opening for the NSE.

The Nifty 50 index rose 6.65 points or 0.06% to settle at 10,442.20, The Nifty rose 59.65 points, or 0.57% at the days high of 10,495.20 in early trade. The index fell 30.90 points, or 0.30% at the days low of 10,404.65 in mid-afternoon trade.

The biggest gainers of the session on the Nifty50 were Tata motors, which rose 3.24% points to trade at 438.20 at the close. UPL added 2.41% to end at 774 and INFRATEL was up 2.35% points to 378.65 in late trade.

Biggest losers included EICHERMOT, which lost 3.91% to trade at 28725 in late trade. IBULHSGFIN declined 2.56% points to end at 1187 and BHARTIATL shed 2.12% points to 516.70.

The breadth, indicating the overall health of the market, 639 rose and 1163 declined, while 47 ended unchanged.

Rupee desk: The USD/INR down 0.21 to 63.60

 

CASH FLOW ANALYSIS

FII-DII Activity 2nd January. In the cash market today, FII’s bought 522 crores stock whereas DII’s bought 64 crores worth of stock. In the derivative market, FII’s sold 1030 crore of Index futures and bought 1544 crores worth of Index options. In the Stock futures segment, FII’s sold 415 crores worth of stock futures and bought 18 crores stock options.

 

Technical outlook

Nifty daily chart continues in “Rising wedge” pattern. The last few sessions been strongly bearish and has ended up meeting with the channel’s support line. A Key Support holds at 10400. The market is expected to retest the level and turn bullish once again, testing all the way through 10450-10500 levels in the upcoming sessions. Alternatively, if market breaks below the support level of the channel, then it might have a chance to turn bearish. Resistance holds at 10550 and Key support at 10400.


Research Report call:

Technical Chart:
Bank Nifty 1/3/2018 9:00:00 AM

 Technical view

Bank Nifty daily chart continues in “Falling wedge” pattern. The last market session seems a consolidated one which has given a “Doji” like candlestick pattern that could be read as trend reversal. The market is expected to continue in the positive momentum testing all the way through 25400-25500 levels in the upcoming sessions. Alternatively, if the market breaks below the support level holding at 25200 then it might turn to bearish momentum once again. Resistance holds at 25600.


Research Report call:

Technical Chart:
Nifty 1/2/2018 9:27:00 AM

 On yesterday Nifty 50 index lost 95.15 points or 0.9% to settle at 10,435.55, The Nifty fell 107.60 points, or 1.02%, at the days low of 10,423.10 in late trade. The index advanced 7.15 points, or 0.06%, at the days high of 10,537.85 in early trade. PSU bank stocks rose. Private bank stocks fell. Auto stocks declined. Stocks of telecom and telecom tower infrastructure providers declined.

Today Asian market trading higher, Nifty50 on the SGX were trading at 10523 -35 points fell on indicating gap down opening for the NSE.

Rupee desk: The USD/INR down 0.18 to 63.87

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last market session been a strong bearish one and has ended up meeting with the channel’s support line. The market is expected to retest the level and turn bullish once again, testing all the way through 10500-10540 levels in the upcoming sessions. Alternatively, if market breaks below the support level of the channel, then it might have a chance to turn bearish. Resistance holds at 10540 and Key support at 10400.


Research Report call:

Technical Chart:
Bank Nifty 1/2/2018 9:13:00 AM

 Technical view

Bank Nifty daily chart has formed a “Rising wedge” pattern. The last session seem strongly bearish in trend as the market have already broken out the pattern itself. The market is likely to continue on the same trend for a while, testing all the way through 25250-25150 levels in the upcoming sessions. Major Resistance holds strong at 25900 and Key Support at 25200.


Research Report call:

Technical Chart:
Nifty 1/1/2018 9:12:00 AM

 Pre-Market Monday! Asian market negative territory Nifty50 on the SGX were trading at 10539 -19.50 points on indicating gap down opening for the NSE. Equities were higher at the close on Friday, as gains in the Power, Technology and IT sectors propelled shares higher.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd, which rose 3.01% or 12.60 points to trade at 431.85 at the close. AXIS Bank Ltd added 2.90% or 15.85 points to end at 563.95 and Bharti Infratel Ltd was up 2.99% or 11.00 points to 378.75 in late trade.

Biggest losers included GAIL Ltd, which lost 2.01% or 10.30 points to trade at 499.65 in late trade. Bharat Petroleum Corp. Ltd. declined 1.65% or 8.70 points to end at 517.70 and Hindustan Petroleum Corporation Ltd shed 0.86% or 3.65 points to 418.60.

The breadth, indicating the overall health of the market, 1530 rose and 1174 declined, while 191 ended unchanged.

Rupee desk: The USD/INR down 0.37% to 63.835.

 

CASH FLOW ANALYSIS

FII Activity 29 December 2017. In the cash market today, FII’s bought 595 crores stock whereas DII’s bought 461 crores worth of stock. In the derivative market, FII’s bought 928 crore of Index futures and bought 2258 crores worth of Index options. In the Stock futures segment, FII’s bought 521 crores worth of stock futures and sold 132 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last market session seems a bullish but consolidated one. The market is expected to continue in the same trend testing all the way through 10600-10650 levels in the upcoming sessions. Alternatively, once market reaches the resistance level holding at 10600, then market might have a chance to turn bearish by retesting the level. Key support at 10440.


Research Report call:

Technical Chart:
Bank Nifty 1/1/2018 8:49:00 AM

 Technical view

Bank Nifty daily chart has formed “Rising wedge” pattern. The last market session seems retesting the support slope line which has triggered the bullish momentum. The market is expected to continue in the same momentum and the upside rally could test 25700-25800 levels in the upcoming sessions. Resistance holds at 25900 and support at 25400.


Research Report call:

Technical Chart:
Nifty 12/29/2017 9:12:00 AM

 Pre-Market Friday! Asian market negative territory Nifty50 on the SGX were trading at 10497 -11 points on indicating flat opening for the NSE.

On yesterday the Nifty lost 12.85 points or 0.12% to settle at 10,477.90, The index gained 43.80 points or 0.42% at the days high of 10,534.55. The index fell 30.30 points or 0.29% at the days low of 10,460.45.

Biggest losers included Indian Oil Corporation Ltd. which lost 2.59% or 10.40 points to trade at 392.00 in late trade. State Bank of India declined 2.08% or 6.55 points to end at 308.40 and Hero MotoCorp Ltd shed 1.63% or 61.60 points to 3716.65.

The top performers on the BSE Sensex 30 were Tata Steel Ltd which rose 1.78% to 734.65, Dr. Reddy’s Laboratories Ltd which was up 1.30% to settle at 2431.75 and HDFC Bank Ltd which gained 0.82% to close at 1873.00.

The breadth, indicating the overall health of the market, 1414 rose and 1275 declined, while 190 ended unchanged.

Rupee desk: The USD/INR down 0.05 to 64.28

 

CASH FLOW ANALYSIS

FII DII Activity 29 December   FII’s sold 1500 crores stock whereas DII’s bought 1202 crores worth of stock. In the derivative market, FII’s sold 625 crore of Index futures and bought 1736 crores worth of Index options. In the Stock futures segment, FII’s sold 2623 crores worth of stock futures and bought 43 crores stock options

 

Technical outlook

Nifty future daily chart has formed bearish pattern but a spinning top pattern which is often treated as indecisive pattern as nifty was facing selling pressure near the highs of the day. Nifty will be facing resistance near 10,550 and 10,600 whereas supports are placed at 10,440 and 10,400 levels. The upside target for nifty can be 10,550 levels and the downside support 10,440.


Research Report call:

Technical Chart:
Bank Nifty 12/29/2017 9:04:00 AM

 Technical view

Bank Nifty 4hr chart has formed “Rising wedge” pattern. The last market session seems a bearish but consolidated one. The market is expected to continue in the same trend once the same breaks below the near support level holding at 25400 and the downside rally could test 25350-25300 levels in the upcoming sessions. Once market reaches the support line of the channel, then market might have a chance to turn bullish by retesting the level. Major Resistance holds at 25800 and Additional key support at 25200.


Research Report call:

Technical Chart:
Nifty 12/28/2017 10:01:00 AM

 Pre-Market Thursday! Asian market positive territory Nifty50 on the SGX were trading at 10510 +17 points on gap up opening for the NSE.

The Nifty fell 40.75 points or 0.39% to settle at 10,490.75, The index gained 20.90 points or 0.2% at the days high of 10,552.40, its record high. The index fell 62.25 points or 0.59% at the days low of 10,469.25.

The breadth, indicating the overall health of the market, 968 rose and 465 declined, while 410 ended unchanged.

Indian shares have touched record highs this month on optimism that the government would continue with its reform agenda following victories in key state elections by Prime Minister Narendra Modis ruling party.

The top gainers on the NSE index Shares of Lupin Ltd, Aurobindo Pharma Ltd and Cipla Ltd were up more than 1 percent each. The Nifty Pharma index rose as much as 2.9 percent. Sun Pharmaceutical Industries surged as much as 6.4 percent, its biggest intraday percent gain since March 14, after the U.S. FDA accepted the companys application for a new drug that will be used to treat chronic dry eye. Reliance Communications Ltd, the telecom operator backed by Anil Ambani, extended gains for a second straight session after it announced a new debt reduction plan with no write-offs. It was trading 20.7 percent higher.

Rupee desk: The USD/INR up 0.07 to 64.40

 

CASH FLOW ANALYSIS

 FII DII Activity 27 December FII’s bought 172 crores stock whereas DII’s sold 206 crores worth of stock. In the derivative market, FII’s bought 1377 crore of Index futures and bought 888 crores worth of Index options. In the Stock futures segment, FII’s bought 87 crores worth of stock futures and sold 29 crores stock options.

Technical outlook

Nifty future 4hour chart has Index formed “falling wedge” pattern have broken   suggests market trying to come out of the bear’s hand. Nifty will be facing resistance at 10500 if once break and strong closing above the resistance market likely to reach 10550-10600 level immediately.  whereas supports are placed at 10,440 and 10,400 levels. The upside target for nifty can be 10,550 levels and on the downside 10,440 levels are possible.


Research Report call:

Technical Chart:
Bank Nifty 12/28/2017 9:04:00 AM

Technical view

Bank Nifty daily chart has formed “Symmetrical triangle” pattern. The last few sessions seem successfully bearish by breaking the channel’s support slope line as expected. Market is likely to continue in bearish trend and the downside rally could test 25400-25200 levels in upcoming sessions. Major Resistance holds at 25900 and Support holds at 25440.


Research Report call:

Technical Chart:
Nifty 12/27/2017 9:08:00 AM

 Pre-Market Wednesday! Asian market negative territory Nifty50 on the SGX were trading at 10518 -8 points on indicating flat opening for the NSE.

The Nifty 50 index gained 38.50 points or 0.37% to settle at 10,531.50, its record closing high. The index gained 52.45 points or 0.5% at the days high of 10,545.45, its record high. The index fell 15.05 points or 0.14% at the days low of 10,477.95.

The biggest gainers of the session on the Nifty50 were Bharti Airtel ltd, which rose 2.72% or 14.40 points to trade at 541.95 at the close. Ambuja cements Ltd. added 2.13% or 5.70 points to end at 273.30 and Sun pharmaceuticals industries Ltd was up 1.95% or 10.35 points to 541.30 in late trade.

Biggest losers included State bank of India, which lost 0.84% or 2.70 points to trade at 317.15 in late trade. Coal India ltd declined 0.81% or 2.15 points to end at 263.75 and NTPC Ltd   shed 0.72% or 1.30 points to 178.45

The breadth, indicating the overall health of the market, 1037 rose and 747 declined, while 74 ended unchanged.

Rupee desk: The USD/INR UP 0.02 to 64.07

 

CASH FLOW ANALYSIS

FII DII Activity 26 December FII’s sold 44 crores stock whereas DII’s bought 544 crores worth of stock. In the derivative market, FII’s sold 49 crore of Index futures and bought 1080 crores worth of Index options. In the Stock futures segment, FII’s sold 115 crores worth of stock futures and bought 49 crores stock options

 

Technical outlook

Nifty future daily chart has Index formed bullish hanging man pattern which is suggesting profit booking can come in the days to come. Nifty will be facing resistance near 10,550 and 10,600 whereas supports are placed at 10,440 and 10,400 levels.  market will be consolidating nifty near the expiry FII’s have sold 49 crores in index futures. So, we can expect high volatility on upcoming sessions.


Research Report call:

Technical Chart:
Bank Nifty 12/27/2017 9:02:00 AM

Technical view

Bank Nifty daily chart continues in “Symmetrical triangle” pattern. The last few sessions seem successfully bullish but bit consolidated near the channel’s resistance slope line. If the market breaks above the resistance level which is holding at 25900 then market might continue in bullish trend and the upside rally could test 26000-26200 levels in upcoming sessions. Alternatively, if resistance holds strong, then market might retest the same and turn to bearish once again. Support holds at 25440.


Research Report call:

Technical Chart:
Nifty 12/26/2017 9:03:00 AM

 Pre-Market Tuesday! Asian market negative territory Nifty50 on the SGX were trading at 10517 -13 points on indicating flat opening for the NSE.

The Nifty 50 index rose 52.70 points or 0.5% to settle at 10,493, its record closing high. The index gained 53 points or 0.5% at the days high of 10,501.10, its record high. The index rose 7.95 points or 0.07% at the days low of 10,448.25.

The biggest gainers of the session on the Nifty50 were Oil And Natural Gas Corporation Ltd, which rose 2.95% or 5.55 points to trade at 193.40 at the close. Tata Consultancy Services Ltd. added 1.71% or 44.30 points to end at 2646.75 and Bajaj Finance Ltd was up 1.60% or 28.00 points to 1782.45 in late trade.

Biggest losers included Ultra Tech Cement Ltd, which lost 1.15% or 49.70 points to trade at 4288.90 in late trade. Lupin Ltd declined 0.88% or 7.75 points to end at 871.65 and Dr. Reddy’s Laboratories Ltd shed 0.71% or 16.75 points to 2332.70.

The breadth, indicating the overall health of the market, 1529 rose and 1144 declined, while 176 ended unchanged.

Rupee desk: The USD/INR down 0.02 to 64.05

 

CASH FLOW ANALYSIS

 FII DII Activity 22 December FII’s bought 107 crores stock whereas DII’s bought 371 crores worth of stock. In the derivative market, FII’s sold 507 crore of Index futures and bought 790 crores worth of Index options. In the Stock futures segment, FII’s bought 114 crores worth of stock futures and bought 36 crores stock options.

 

Technical outlook

Nifty future 4Hr chart has Index formed “Ascending broadening wedge” pattern suggests market trying to come out of the bear’s hand. Nifty will be facing resistance near 10,550 and 10,600 whereas supports are placed at 10,440 and 10,400 levels. The upside target for nifty can be 10,550 levels and on the downside 10,440 levels are possible.


Research Report call:

Nifty Sell below 10505 target 10480-10440 stop loss 10530
Technical Chart:
Bank Nifty 12/26/2017 8:54:00 AM

 Technical view

Bank Nifty daily chart has formed “Symmetrical triangle” pattern. The last few sessions seem successfully bullish but bit consolidated near the channel’s resistance slope line. If the market breaks above the resistance level which is holding at 25900 then market might continue in bullish trend and the upside rally could test 26000-26200 levels in upcoming sessions. Alternatively, if resistance holds strong, then market might turn to bearish once again. Support holds at 25440.


Research Report call:

Technical Chart:
Nifty 12/22/2017 8:41:00 AM

 Pre-Market Friday! Asian market positive territory Nifty50 on the SGX were trading at 10463 +8 points on indicating flat opening for the NSE.

The Nifty declined 3.90 points or 0.04% to settle at 10,440.30, The index gained 29.75 points, or 0.28%, at the days high of 10,473.95. The index dropped 17.30 points, or 0.16%, at the days low of 10,426.90.

The biggest gainers of the session on the Nifty50 were HCL Technologies Ltd which rose 2.09% or 18.15 points to trade at 890.25 at the close. Larsen & Toubro Ltd added 2.11% or 25.95 points to end at 1258.80 and Hindalco Industries Ltd. was up 2.01% or 5.20 points to 263.30 in late trade.

Biggest losers included Mahindra & Mahindra Ltd., which lost 3.64% or 28.02 points to trade at 742.20 in late trade. Bajaj Finance Ltd declined 0.84% or 14.90 points to end at 1748.05 and Hindustan Petroleum Corporation Ltd shed 1.08% or 4.65 points to 426.80.

The breadth, indicating the overall health of the market, 1671 rose and 983 declined, while 176 ended unchanged.

Rupee desk: The USD/INR down 0.07 to 64.07

 

CASH FLOW ANALYSIS

 FII DII Activity 21 December 2017    FII’s sold 383 crores stock whereas DII’s bought 1574 crores worth of stock. In the derivative market, FII’s sold 183 crore of Index futures and bought 1237 crores worth of Index options. In the Stock futures segment, FII’s bought 56 crores worth of stock futures and bought 47 crores stock options.

 

Technical outlook

Nifty future daily chart has formed “Megaphone chart” pattern. The channel’s been retested near 10500 positive momentum till resistance. If it breaks the support 10380, the downside rally could test 10300-10260 in the upcoming session. Major Resistance holds at 10500 and major support at 10100. Buy above 10440, targets 10480, stop loss 10400.sell below 10380 targets 10300-10260 stop loss 10400


Research Report call:

Nifty Buy above 10440, targets 10480, stop loss 10400. Sell below 10380 targets 10300-10260 stop loss 10400
Technical Chart:
Bank Nifty 12/22/2017 8:31:00 AM

Technical view

Bank Nifty daily chart has formed “Rising wedge” pattern. The last market session seems to have formed “Hammer candlestick” like pattern which could be read as a trend reversal one, although the last few sessions been bearish in trend. The market is expected to rally on correction with negative momentum and once it reaches a key support level at 25400, then it might turn bullish. Alternatively, if the reversal fails then the market might continue in bullish momentum. Major Resistance holds at 25900 and long-term support at 24840.


Research Report call:

Technical Chart:
2 G spectrum scam verdict - impact on stocks DB Reality & Sun Tv network 12/21/2017 3:49:00 PM

 2 G spectrum scam verdict - impact on stocks DB Reality & Sun Tv network

Finally, the verdict on the 2G spectrum scam is out & the fear of investors has gone!

As we all know regarding the long pending case on 2G scam where the multi giant companies were involved, investors feared that the case would have a negative outcome. But as the verdict has come out positive for the companies, the momentum of the stocks have set higher. The right strategy to be adopted by the buyers now would be to buy and hold to enjoy long-term returns.

The special CBI judge OP Saini has set free all accused in the 2G spectrum allocation case. The judgment was marked that the prosecution has “failed to prove charges beyond a reasonable doubt”.

 

D B Reality Ltd

DB reality moved up approximately CMP 43.70 +7.25 (20%) after the verdict of the court.

Technical Outlook:

Long term analysis: Technical View: The Daily chart in DB Reality NSE Nifty stock has formed “Symmetrical triangle” pattern. It has broken the slope resistance line at 35 and the bullish momentum is likely to rally upwards 46-54. Maintain tight stop loss at 36.  Trend view: Buy DB Reality 43.60 Target 46-54 Stop loss at 36 (Long term positional call)

 

Sun Tv network

Technical view: Sun Tv Network daily market has formed “Rising wedge” chart pattern. The last market session indicates a Bullish momentum which indicates that Buyers are trying to take control over the market. The market has already broken the resistance line at 960 and the rally could test 1000-1050-1150 levels in upcoming sessions. Resistance holds strong at 1050 and support holds at 926. Maintain strict stop loss as given in the call. Trend view: Buy on dips 960 Target 1000-1050-1150 Stop loss at 926.


Research Report call:

Technical Chart:
Nifty 12/21/2017 8:53:00 AM

 Pre-Market Thursday! Asian market negative territory Nifty50 on the SGX were trading at 10458 -10 points on indicating flat opening for the NSE.

Indices down after four-day gains. Both the Nifty and the sensex closing lower. The Nifty dropped 19 points or 0.18% to settle at 10,444.20, The index rose 31.25 points, or 0.3%, at the days high of 10,494.45. The index dropped 26.05 points, or 0.24%, at the days low of 10,437.15. The Sensex fell 59.36 points or 0.18% to settle at 33,777.38, The index gained 119.57 points, or 0.35%, at the days high of 33,956.31. The index fell 81.80 points, or 0.24%, at the days low of 33,754.94.

The biggest gainers of the session on the Nifty50 were Hindalco Industries Ltd. which rose 1.53% or 3.90 points to trade at 258.35 at the close. Oil And Natural Gas Corporation Ltd added 1.46% or 2.70 points to end at 188.00 and Wipro Ltd was up 0.75% or 2.20 points to 296.50 in late trade.

Biggest losers included Eicher Motors Ltd. which lost 2.03% or 624.35 points to trade at 30174.60 in late trade. Dr. Reddy’s Laboratories Ltd declined 1.65% or 39.50 points to end at 2356.00 and Bharti Airtel Ltd. shed 1.49% or 8.00 points to 528.90.

The breadth, indicating the overall health of the market, 1545 rose and 1095 declined, while 176 ended unchanged.

Rupee desk: The USD/INR UP 0.04 to 64.13

CASH FLOW ANALYSIS

 FII DII Activity 20 December 2017   FII’s sold 1505 crores stock whereas DII’s bought 146 crores worth of stock. In the derivative market, FII’s sold 347 crore of Index futures and bought 1628 crores worth of Index options. In the Stock futures segment, FII’s bought 1154 crores worth of stock futures and sold 118 crores stock options.

Technical outlook

Nifty future daily chart has formed “Falling wedge” pattern. The channel’s resistance has broken where market might have a chance to test 10500 positive momentum till resistance. If it breaks the support 10380, the downside rally could test 10300-10260 in the upcoming session. Major Resistance holds at 10500 and major support at 10100. Buy above 10440, targets 10480, stop loss 10400. Sell below 10380 target 10300-10260 stop loss 10400.


Research Report call:

Nifty Buy above 10440 targets 10480 stop loss 10400.Sell below 10380 target 10300-10260 stop loss 10400.
Technical Chart:
Bank Nifty 12/21/2017 8:43:00 AM

Technical view

Bank Nifty daily chart has formed “Rising wedge” pattern. The last market session seems to have formed “Bearish engulfing candlestick” pattern which could be read as a falling trend. The market is expected to turn from positive to negative momentum and the downside rally could test 25500-25450 levels in the upcoming sessions. Alternatively, once the market reaches the support level holding at 25450, then it has a chance of reverting to positive momentum once again. Resistance holds at 25900 and support at 25450.


Research Report call:

Technical Chart:
Nifty 12/20/2017 9:11:00 AM

 Pre-Market Wednesday! Asian market negative territory Nifty50 on the SGX were trading at 10451 -18 points on indicating gap down opening for the NSE.

Indices gained for the fourth straight day. Both the Sensex, and the Nifty, hit record closing high. The Nifty rose 74.45 points, or 0.72%, to settle at 10,463.20, a record high. The index gained 83.45 points or 0.8% at the day’s high of 10,472.20. The index rose 17.25 points or 0.17% at the days low of 10,406.

The biggest gainers of the session on the Nifty50 were Maruti Suzuki India Ltd. which rose 5.77% or 536.90 points to trade at 9801.50 at the close. Hero MotoCorp Ltd added 4.79% or 169.35 points to end at 3701.00 and UPL Ltd was up 3.94% or 28.00 points to 738.00 in late trade.

Biggest losers included HCL Technologies Ltd, which lost 1.47% or 13.00 points to trade at 869.45 in late trade. Infosys Ltd declined 0.98% or 9.95 points to end at 1003.95 and Wipro Ltd shed 0.15% or 0.45 points to 292.40

The breadth, indicating the overall health of the market, 1853 rose and 766 declined, while 157 ended unchanged.

Rupee desk: The USD/INR UP 0.20 to 64.08

 CASH FLOW ANALYSIS

FII DII Activity 19 December 2017 FII’s sold 407 crores stock whereas DII’s bought 357 crores worth of stock. In the derivative market, FII’s bought 220 crore of Index futures and bought 582 crores worth of Index options. In the Stock futures segment, FII’s bought 487 crores worth of stock futures and bought 47 crores stock options.

  Technical outlook

Nifty future daily chart has formed “Falling wedge” pattern. The channel’s resistance has broken where market might have a chance to test 10500 positive momentum till resistance. If it breaks the support 10340, the downside rally could test 10300-10260 in the upcoming session. Major Resistance holds at 10500 and support at 10100. Buy above 10400, targets 10440-10500, stop loss 10340. Sell below 10360 target 10300-10260 stop loss 10400.


Research Report call:

Nifty Buy above 10400, targets 10440-10500, stop loss 10340. sell below 10360 target 10300-10260 stop loss 10400.
Technical Chart:
BANKNIFTY 12/20/2017 8:32:00 AM

 Long term analysis

Bank Nifty daily chart has formed “Ascending triangle” pattern. The last session seems successfully bullish and has ended up meeting with the triangle Horizontal resistance line. Once the market breaks above the same, then bullish trend will continue to rally upon the market itself and the upside rally could test 25850-25950 levels in the upcoming sessions. Resistance holds strong at 25900 and long-term support at 25000.


Research Report call:

Technical Chart:
Nifty 12/19/2017 9:35:00 AM

 Pre-Market Tuesday! Asian market positive territory Nifty50 on the SGX were trading at 10418 +18 points on indicating gap up opening for the NSE.

The Nifty gained 55.95 points or 0.54% to settle at 10,388.75. The index jumped 110.30 points, or 1.06%, at the days high of 10,443.55. The index skidded 258.45 points, or 2.5%, at the days low of 10,074.80

The biggest gainers of the session on the Nifty50 were Vedanta Ltd, which rose 3.74% or 11.15 points to trade at 309.15 at the close. Hindalco Industries Ltd.  added 3.32% or 8.05 points to end at 250.80 and Cipla Ltd.  was up 2.70% or 15.55 points to 592.00 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 1.35% or 6.75 points to trade at 494.00 in late trade. Yes Bank Ltd declined 1.27% or 4.00 points to end at 311.90 and Coal India Ltd shed 1.11% or 3.00 points to 268.00.

 The breadth, indicating the overall health of the market, 1361 rose and 1213 declined, while 149 ended unchanged.

Rupee desk: The USD/INR UP 0.15 to 64.29

 

CASH FLOW ANALYSIS

 FII DII Activity 18 December 2017 FII’s sold 431 crores stock whereas DII’s bought 1076 crores worth of stock. In the derivative market, FII’s bought 219 crore of Index futures and bought 2150 crores worth of Index options. In the Stock futures segment, FII’s bought 268 crores worth of stock futures and bought 1 crores stock options.

 

Technical outlook

on yesterday session huge volatility, a long bullish candle stick formed after seeing big fall on during the market hours impact on two state election results and finally ending the day in recovering 314 points from the day lows a ruling party managed to clinch win in both state elections. A Nifty future daily chart has formed “Falling wedge” pattern not broken a Near the channel’s resistance line could be taken as a retesting level at 10400 where market might have a chance to break above the positive momentum and continue till resistance. If it breaks the support 10290, the downside rally could test 10250-10200 in the upcoming session. Major Resistance holds at 10500 and support at 10100. Buy above 10400, targets 10440-10500, stop loss 10340.


Research Report call:

Nifty Buy above 10400 targets 10440-10500 stop loss 10340
Technical Chart:
Bank Nifty 12/19/2017 9:26:00 AM

 Technical view

Bank Nifty daily chart continues in “Rising wedge” pattern. The last market session seems a strong bullish one which has been a strong trend change. The market is expected to continue in the same trend once the same breaks above the resistance level holding at 25700 and the upside rally could test 25850-26000 levels in the upcoming sessions. Alternatively, if the reversal fails then the market might turn to bearish momentum. Resistance holds at 25700 and support at 24840.


Research Report call:

Technical Chart:
Nifty 12/18/2017 9:12:00 AM

 Pre-Market Monday! Asian market positive territory Nifty50 on the SGX were trading at 10408 +46 points on indicating gap up opening for the NSE.

The Nifty rose 81.15 points or 0.79% to settle at 10,333.25, its highest closing level since 29 November 2017. The Nifty advanced 121 points, or 1.18%, at the days high of 10,373.10. The index rose 67.55 points, or 0.65%, at the days low of 10,319.65

The biggest gainers of the session on the Nifty50 were Vedanta Ltd which rose 5.03% or 14.30 points to trade at 298.00 at the close. Yes Bank Ltd added 4.00% or 12.15 points to end at 315.90 and Mahindra & Mahindra Ltd. was up 3.62% or 51.80 points to 1483.40 in late trade.

Biggest losers included Tech Mahindra Ltd, which lost 3.50% or 18.00 points to trade at 500.75 in late trade. Cipla Ltd. declined 2.58% or 15.25 points to end at 576.45 and Bosch Ltd shed 0.98% or 195.00 points to 19730.30.

The breadth, indicating the overall health of the market, NSE 1575 rose and 1012 declined, while 154 ended unchanged.

Rupee desk: The USD/INR down 0.31 to 64.10

 

CASH FLOW ANALYSIS

 FII DII Activity 15 December 2017 FII’s sold 921 crores stock whereas DII’s bought 635 crores worth of stock. In the derivative market, FII’s sold 89 crore of Index futures and bought 283 crores worth of Index options. In the Stock futures segment, FII’s bought 630 crores worth of stock futures and sold 95 crores stock options.

 Technical outlook

Nifty future daily chart has formed “Falling wedge” pattern. The last market sessions gap up trade as an impact on Gujarat election result will be the out come today and a lot of volatility can be expected. Near the channel’s resistance line could be taken as a retesting level 10400 where market might have a chance to break above the positive momentum and continue till resistance. If it breaks the support 10290, the downside rally could test 10250-10200 in the upcoming session. Major Resistance holds at 10500 and support at 10100. Buy above 10400, targets 10440-10500, stop loss 10340. Sell below 10290, target 10250-10200, stop loss 10320.


Research Report call:

Nifty Buy above 10400 targets 10440-10500 stop loss 10340; Sell below 10290 target 10250-10200 stop loss 10320.
Technical Chart:
Bank Nifty 12/18/2017 8:58:00 AM

 Technical view

Bank Nifty daily chart has formed “Rising wedge” pattern. The last market session seems to have formed “Inverse Hammer candlestick” pattern which could be read as a trend reversal one. The market is expected to turn form positive to negative momentum and the downside rally could test 25300-25100 levels in the upcoming sessions. Alternatively, if the reversal fails then the market might continue in bullish momentum. Resistance holds at 25700 and support at 24840.


Research Report call:

Technical Chart:
Nifty 12/15/2017 9:10:00 AM

Pre-Market Friday! Asian market positive territory Gujarat exit polls impact Nifty50 on the SGX were trading at 10373 +85 points on indicating gap up opening for the NSE.

The Nifty 50 index rose 59.15 points or 0.58% to settle at 10,252.10, The index rose 83.15 points, or 0.82% at the days high of 10,276.10. The index fell 51.40 points, or 0.50% at the days low of 10,141.55.

The biggest gainers of the session on the Nifty50 were Hindustan Petroleum Corporation Ltd, which rose 3.26% or 13.80 points to trade at 437.25 at the close. Dr. Reddy’s Laboratories Ltd added 2.35% or 53.05 points to end at 2310.65 and Cipla Ltd. was up 2.40% or 13.85 points to 590.45 in late trade.

Biggest losers included Tata Consultancy Services Ltd. which lost 2.67% or 70.20 points to trade at 2557.80 in late trade. GAIL Ltd declined 0.77% or 3.80 points to end at 487.10 and UPL Ltd shed 0.82% or 5.95 points to 719.60.

The breadth, indicating the overall health of the market, NSE 1506 fell and 1056 advanced, while 164 ended unchanged.

Rupee desk: The USD/INR down 0.12 to 64.41

 

CASH FLOW ANALYSIS

FII DII Activity 14 December 2017, FII’s bought 232 crores stock whereas DII’s sold 374 crores worth of stock. In the derivative market, FII’s sold 661 crore of Index futures and sold 1738 crores worth of Index options. In the Stock futures segment, FII’s bought 611 crores worth of stock futures and sold 19 crores stock options.

 

Technical outlook

Nifty future daily chart has formed “Falling wedge” pattern. The last few sessions seem a bit consolidated near the channel’s resistance line which could be taken as a retesting level where market might have a chance to turn from positive momentum limited till resistance. The downside rally could test 10250-10200 in the upcoming days. Resistance holds at 10350 and support holds at 10100. We recommend,Sell on rise near 10340. Targets would be 10250-10200. Maintain stop loss at 10370 on closing basis.


Research Report call:

Nifty Sell on rise near 10340 Targets 10250-10200 stop loss 10370
Technical Chart:
Bank Nifty 12/15/2017 9:01:00 AM

 Technical view

Bank Nifty 4hr chart has formed “Descending triangle” pattern. The last market session seems to have consolidated near the triangle’s resistance slope line and has ended up meeting with the same on bullish momentum. The market is expected to continue bullish once it breaks above the triangles resistance line and the upside rally could test 25300-25400 levels in the upcoming sessions. If the resistance slope line holds strong, then the market might revive to bearish momentum. Resistance holds at 25450 and support at 24840.


Research Report call:

Technical Chart:
Nifty 12/14/2017 9:20:00 AM

Pre-Market Thursday! Asian market positive territory Nifty50 on the SGX were trading at 10261 +39.5 points on indicating flat opening for the NSE. Equities were lower at the close on Wednesday, as losses in the Real Estate, Metals and Capital Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.46%, while the BSE Sensex 30 index lost 0.53%.

The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd, which rose 2.18% or 9.05 points to trade at 423.35 at the close. Indian Oil Corporation Ltd. added 1.53% or 6.05 points to end at 402.20 and Bharat Petroleum Corp. Ltd. was up 1.68% or 8.40 points to 506.30 in late trade.

Biggest losers included Vedanta Ltd, which lost 3.12% or 9.15 points to trade at 283.55 in late trade. Cipla Ltd. declined 2.05% or 12.15 points to end at 578.15 and Adani Port and Special Economic Zone Ltd shed 1.86% or 7.50 points to 394.00.

The breadth, indicating the overall health of the market, NSE 1121 fell and 462 advanced, while 141 ended unchanged.

Rupee desk: The USD/INR DOWN 0.18% to 64.44.

 

CASH FLOW ANALYSIS

FII Activity 13th December 2017 – FII DII Activity details mentioned below. In the cash market today, FII’s sold 575 crores stock whereas DII’s sold 116 crores worth of stock. In the derivative market, FII’s bought 767 crore of Index futures and sold 1066 crores worth of Index options. In the Stock futures segment, FII’s bought 130 crores worth of stock futures and sold 40 crores stock options.

Technical analysis

Nifty future daily chart has formed “Falling wedge” pattern. The last few sessions seem a bit consolidated near the channel’s resistance line which could be taken as a retesting level where market might have a chance to turn from positive to negative momentum. The downside rally could test 10250-10200 in the upcoming days. Resistance holds at 10350 and support at 10100. We recommend a Sell on rise near 10300-10330. Targets would be 10250-10200. Maintain stop loss at 10370 on closing basis.


Research Report call:

Nifty Sell on rise 10300-10330 target 10250-10200 stop loss 10370
Technical Chart:
Bank Nifty 12/14/2017 8:59:00 AM

 Technical view

Bank Nifty daily chart continues in “Rising wedge” pattern where the last few sessions have been successfully bearish as mentioned in the last analysis. The last session has exactly ended up meeting with the channel’s support line which could become a retest for the upcoming sessions. The retest could trigger bullish momentum in the upcoming days and the upside rally might reach 25200-25400 levels. Resistance holds at 25700 and support holds at 24840.


Research Report call:

Technical Chart:
NIFTY 12/13/2017 9:38:00 AM

NIFTY