Equity Report

Nifty 9/18/2018 9:26:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11376.50 -13 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.19%, while the BSE Sensex 30 index declined 1.33%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd., which rose 2.74% or 9.70 points to trade at 364.00 at the close. Hindustan Petroleum Corporation Ltd added 1.88% or 4.75 points to end at 258.35 and Eicher Motors Ltd. was up 0.95% or 279.95 points to 29663.70 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd., which lost 2.86% or 19.05 points to trade at 646.20 in late trade. Bharti Infratel Ltd declined 2.82% or 7.75 points to end at 266.85 and Bajaj Finance Ltd shed 2.53% or 67.60 points to 2604.60.

The breadth, indicating the overall health of the market, 1411 fell and 1234 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.44% to 72.425.

 

CASH FLOW ANALYSIS

FII DII Activity 17th September 2018, In the cash market today, FII’s sold 106 crores stock whereas DII’s sold 180 crores worth of stock. In the derivative market, FII’s sold 616 crore of Index futures and sold 1319 crores worth of Index options. In the Stock futures segment, FII’s sold 728 crores worth of stock futures and bought 99 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11350. The downside rally could be testing all the way 11280-11200 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 11500-11550 levels. Key resistance holds at 11550.


Research Report call:

Nifty fut Sell below 11350 target 11280-11200 stop loss 11420; Buy above 11450 target 11500-11550 stop loss 11400
Technical Chart:
equity-chart
Bank Nifty 9/18/2018 9:18:00 AM
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Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up as a bearish one near the channel’s support slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26800. The downside rally could be testing all the way through 26650-26500 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test around 27100-27300 levels. Key resistance holds at 27350.


Research Report call:

Banknifty fut Sell below 26800 target 26650-26500 stop loss 26900; Buy above 26900 target 27100-27300 stop loss 26800
Technical Chart:
equity-chart
Nifty 9/17/2018 9:06:00 AM
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Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11492 -54.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.28%, while the BSE Sensex 30 index added 0.99%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd, which rose 6.98% or 79.90 points to trade at 1227.10 at the close. Bharat Petroleum Corp. Ltd. added 6.31% or 21.10 points to end at 354.50 and Vedanta Ltd was up 5.10% or 11.40 points to 235.60 in late trade.

Biggest losers included Coal India Ltd, which lost 1.35% or 3.80 points to trade at 277.35 in late trade. HCL Technologies Ltd declined 1.52% or 16.50 points to end at 1070.70 and Infosys Ltd shed 1.06% or 7.90 points to 733.70.

The breadth, indicating the overall health of the market, 1754 rose and 808 declined, while 169 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.45% to 71.925.

 

CASH FLOW ANALYSIS

FII DII Activity 14th September 2018, In the cash market today, FII’s bought 1090 crores stock whereas DII’s bought 115 crores worth of stock. In the derivative market, FII’s bought 458 crore of Index futures and bought 1202 crores worth of Index options. In the Stock futures segment, FII’s bought 220 crores worth of stock futures and bought 85 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting a key support zone inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11550. The upside rally could be testing all the way 11650-11750 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 11450-11380 levels. Key support holds at 11380.


Research Report call:

Nifty fut Buy above 11550 target 11650-11750 stop loss 11500; Sell below 11500 target 11450-11380 stop loss 11550
Technical Chart:
equity-chart
Bank Nifty 9/17/2018 8:54:00 AM
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Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last session ended up as a bullish one after the retest near the channel’s support slope line. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 27350. The upside rally could be testing all the way through 27500-27700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test around 27100-26800 levels. Key support holds at 26800.


Research Report call:

Technical Chart:
equity-chart
Nifty 9/14/2018 9:03:00 AM
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Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11489 +44 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.73%, while the BSE Sensex 30 index added 0.81%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd, which rose 3.53% or 6.60 points to trade at 193.80 at the close. ITC Ltd added 2.99% or 8.90 points to end at 306.80 and Adani Port and Special Economic Zone Ltd was up 3.00% or 10.95 points to 376.05 in late trade.

Biggest losers included AXIS Bank Ltd, which lost 2.18% or 14.15 points to trade at 635.45 in late trade. Tata Motors Ltd declined 2.08% or 5.55 points to end at 262.40 and Hindustan Petroleum Corporation Ltd shed 1.52% or 3.70 points to 240.40.

The breadth, indicating the overall health of the market, 1498 fell and 1058 advanced, while 177 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.55% to 72.155.

 

CASH FLOW ANALYSIS

FII DII Activity 12th September 2018, In the cash market today, FII’s sold 1086 crores stock whereas DII’s bought 541 crores worth of stock. In the derivative market, FII’s sold 391 crore of Index futures and bought 819 crores worth of Index options. In the Stock futures segment, FII’s bought 381 crores worth of stock futures and sold 89 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend but also consolidated after few negative rallies inside the channel. The market is expected to continue on bullish momentum, testing all the way 11450-11500 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 11280 then it might turn bearish once again. The downside rally could test 11200-11100 levels. Key resistance holds at 11500.


Research Report call:

Nifty fut Buy around 11350 target 11450-11500 stop loss 11280; Sell below 11280 target 11200-11100 stop loss 11350
Technical Chart:
equity-chart
Bank Nifty 9/14/2018 8:50:00 AM
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Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26800. The downside rally could be testing all the way through 26600-26400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test around 27100-27350 levels. Key resistance holds at 27350.


Research Report call:

Banknifty fut Sell below 26800 target 26600-26400 stop loss 26920; Buy above 26920 target 27100-27200-27350 stop loss 26800
Technical Chart:
equity-chart
Nifty 9/12/2018 7:59:00 AM
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Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11334 +12.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 1.32% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.34%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd, which rose 1.72% or 4.80 points to trade at 283.10 at the close. Mahindra & Mahindra Ltd. added 1.03% or 9.65 points to end at 943.15 and Infosys Ltd was up 0.39% or 2.85 points to 734.30 in late trade.

Biggest losers included Titan Company Ltd, which lost 4.50% or 38.60 points to trade at 820.75 in late trade. Tata Steel Ltd declined 3.94% or 24.20 points to end at 592.10 and Power Grid Corporation of India Ltd shed 3.21% or 6.20 points to 186.90.

The breadth, indicating the overall health of the market, 1780 fell and 822 advanced, while 144 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.15% to 72.695.

 

CASH FLOW ANALYSIS

FII DII Activity 11th September 2018, In the cash market today, FII’s sold -1454.36 crores stock whereas DII’s bought 749.62 crores worth of stock.  In the derivative market, FII’s sold -1676.1 crores of Index futures and bought 779.906 crores worth of Index options. In the Stock futures segment, FII’s sold -360.5 crores worth of stock futures and bought 11.75 crores of stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend after near a key support zone inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11250. The downside rally could be testing all the way 11180-11100 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 11400-11500 levels. Key resistance holds at 11500.


Research Report call:

Nifty fut Sell below 11250 target 11180-11100 stop loss 11320; Buy above 11320 target 11400-11500 stop loss 11250
Technical Chart:
equity-chart
Bank Nifty 9/12/2018 7:42:00 AM
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Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 26700. The downside rally could be testing all the way through 26550-26400 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test around 26950-27100 levels. Key resistance holds at 27500.


Research Report call:

Banknifty fut Sell below 26700 target 26550-26400 stop loss 26800; Buy above 26800 target 26950-27100 stop loss 26700
Technical Chart:
equity-chart
Nifty 9/11/2018 9:17:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11480 -6.50 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 lost 1.30%, while the BSE Sensex 30 index fell 1.22%.

The biggest gainers of the session on the Nifty 50 were HCL Technologies Ltd, which rose 1.54% or 16.50 points to trade at 1088.70 at the close. AXIS Bank Ltd added 0.92% or 5.95 points to end at 651.75 and Zee Entertainment Enterprises Ltd. was up 0.66% or 3.10 points to 472.75 in late trade.

Biggest losers included Bajaj Finance Ltd, which lost 4.98% or 136.60 points to trade at 2615.65 in late trade. Indiabulls Housing Finance Ltd declined 4.23% or 51.30 points to end at 1161.25 and Sun Pharmaceutical Industries Ltd. shed 3.99% or 26.50 points to 638.00.

The breadth, indicating the overall health of the market, 1639 fell and 1000 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.44% to 72.425.

 

CASH FLOW ANALYSIS

FII DII Activity 10th September 2018, In the cash market today, FII’s sold 841 crores stock whereas DII’s sold 289 crores worth of stock. In the derivative market, FII’s sold 630 crore of Index futures and bought 1516 crores worth of Index options. In the Stock futures segment, FII’s sold 708 crores worth of stock futures and sold 175 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11400. The downside rally could be testing all the way 11300-11200 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 11500-11600 levels. Key resistance holds at 11600.


Research Report call:

Nifty fut Sell below 11400 target 11300-11200 Stop loss 11450; Buy above 11450 target 11500-11600 stop loss 11400
Technical Chart:
equity-chart
Bank Nifty 9/11/2018 9:05:00 AM
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Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last session ended up bearish in trend near the channel’s support slope line after few consolidations. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 27150. The downside rally could be testing all the way through 26950-26800 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test around 27400-27550 levels. Key resistance holds at 27750.


Research Report call:

Banknifty fut Sell below 27150 target 26950-26800 stop loss 27250; Buy above 27280 target 27400-27550 stop loss 27180
Technical Chart:
equity-chart