Equity Report

Nifty 3/20/2019 8:29:00 AM
equity-image

Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11571 -5 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.61% to hit a new 6-month high, while the BSE Sensex 30 index added 0.70%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 2.80% or 8.90 points to trade at 327.60 at the close. HCL Technologies Ltd added 2.84% or 28.75 points to end at 1036.20 and NTPC Ltd was up 1.94% or 2.56 points to 134.90 in late trade.

Biggest losers included Eicher Motors Ltd., which lost 2.66% or 591.40 points to trade at 21759.10 in late trade. Hero MotoCorp Ltd declined 2.04% or 54.50 points to end at 2614.05 and Larsen & Toubro Ltd shed 1.37% or 18.95 points to 1357.95.

The breadth, indicating the overall health of the market, 1340 rose and 1259 declined, while 160 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.59% to 68.957.

 

CASH FLOW ANALYSIS

FII DII Activity 19th March 2019, In the cash market today, FII’s bought 2132 crores stock whereas DII’s sold 1253 crores worth of stock. In the derivative market, FII’s bought 287 crore of Index futures and bought 554 crores worth of Index options. In the Stock futures segment, FII’s sold 600 crores worth of stock futures and bought 33 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11580. The upside rally could be testing all the way up to 11700-11800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11450-11300 levels. Key support holds at 11300.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 3/20/2019 8:22:00 AM
equity-image

Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 29800. The upside rally could be testing all the way up to 30000-30100 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 29600-29400 levels. Key support holds at 29400.


Research Report call:

Technical Chart:
equity-chart
Nifty 3/19/2019 8:21:00 AM
equity-image

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11524 +13 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.31% to hit a new 6-month high, while the BSE Sensex 30 index climbed 0.19%.

The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd, which rose 3.45% or 9.55 points to trade at 286.80 at the close. Indian Oil Corporation Ltd added 3.65% or 5.75 points to end at 162.80 and Bajaj Finance Ltd was up 2.77% or 79.25 points to 2929.55 in late trade.

Biggest losers included Lupin Ltd, which lost 3.98% or 31.25 points to trade at 754.20 in late trade. Maruti Suzuki India Ltd. declined 2.57% or 182.00 points to end at 6909.10 and Hero MotoCorp Ltd shed 2.37% or 64.85 points to 2669.50.

The breadth, indicating the overall health of the market, 1504 fell and 1098 advanced, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.52% to 68.606.

 

CASH FLOW ANALYSIS

FII DII Activity 18th March 2019, In the cash market today, FII’s bought 1822 crores stock whereas DII’s sold 1268 crores worth of stock. In the derivative market, FII’s bought 827 crore of Index futures and bought 551 crores worth of Index options. In the Stock futures segment, FII’s sold 801 crores worth of stock futures and bought 59 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11500. The upside rally could be testing all the way up to 11600-11700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11400-11300 levels. Key support holds at 11300.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 3/19/2019 8:15:00 AM
equity-image

Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 29700. The upside rally could be testing all the way up to 29800-30000 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 29350-29000 levels. Key support holds at 29000.


Research Report call:

Technical Chart:
equity-chart
Nifty 3/18/2019 8:18:00 AM
equity-image

Pre-Market Monday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11506.50 +32.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 rose 0.74% to hit a new 3-month high, while the BSE Sensex 30 index gained 0.71%.

The biggest gainers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd., which rose 4.65% or 59.05 points to trade at 1325.15 at the close. Indian Oil Corporation Ltd added 3.21% or 4.85 points to end at 157.35 and Hindustan Petroleum Corporation Ltd was up 2.94% or 7.85 points to 276.95 in late trade.

Biggest losers included Hindustan Unilever Ltd., which lost 2.09% or 36.30 points to trade at 1698.40 in late trade. Yes Bank Ltd declined 1.92% or 4.80 points to end at 245.05 and ITC Ltd shed 1.32% or 3.90 points to 290.80.

The breadth, indicating the overall health of the market, 1428 fell and 1143 advanced, while 164 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.30% to 69.138.

 

CASH FLOW ANALYSIS

FII DII Activity 15th March 2019, In the cash market today, FII’s bought 4323 crores stock whereas DII’s sold 2130 crores worth of stock. In the derivative market, FII’s bought 2361 of Index futures and sold 1533 crores worth of Index options. In the Stock futures segment, FII’s sold 2475 crores worth of stock futures and sold 45 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 11480. The upside rally could be testing all the way up to 11600-11700 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 11350-11200 levels. Key support holds at 11200.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 3/18/2019 8:16:00 AM
equity-image

Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 29500. The upside rally could be testing all the way up to 29600-29800 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 29200-29000 levels. Key support holds at 29000.


Research Report call:

Technical Chart:
equity-chart
Nifty 3/15/2019 8:37:00 AM
equity-image

Pre-Market Friday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11403.50 +18.50 points on indicating gap up opening for the NSE.

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

The biggest gainers of the session on the Nifty 50 were NTPC Ltd, which rose 3.58% or 5.30 points to trade at 153.65 at the close. IndusInd Bank Ltd. added 2.78% or 45.50 points to end at 1682.70 and Yes Bank Ltd was up 2.39% or 5.85 points to 249.85 in late trade.

Biggest losers included Power Grid Corporation of India Ltd, which lost 3.62% or 7.05 points to trade at 187.60 in late trade. HCL Technologies Ltd declined 2.17% or 22.35 points to end at 1006.75 and Hero MotoCorp Ltd shed 1.81% or 50.65 points to 2751.70.

The breadth, indicating the overall health of the market, 1432 fell and 1185 advanced, while 136 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.41% to 69.388.

 

CASH FLOW ANALYSIS

FII DII Activity 14th March 2019, In the cash market today, FII’s bought 1483 crores stock whereas DII’s sold 817 crores worth of stock. In the derivative market, FII’s bought 485 crore of Index futures and bought 273 crores worth of Index options. In the Stock futures segment, FII’s bought 341 crores worth of stock futures and sold 78 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” 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 based on the current price action, testing all the way up to 11250-11180 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 11400 then it might turn bullish once again. The upside rally could test up to 11500-11600 levels. Key support holds at 11180.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 3/15/2019 8:24:00 AM
equity-image

Technical outlook

Bank nifty daily chart has formed “Ascending broadening wedge” 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, testing all the way up to 28750-28500 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 29050 then it might turn bullish once again. The upside rally could test up to 29250-29400 levels. Key support holds at 28500.


Research Report call:

Technical Chart:
equity-chart
Nifty 3/14/2019 8:32:00 AM
equity-image

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11382 -1.5 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 0.36% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.58%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd., which rose 4.32% or 67.85 points to trade at 1636.35 at the close. Yes Bank Ltd added 3.56% or 8.40 points to end at 244.30 and Bajaj Finance Ltd was up 2.87% or 78.95 points to 2828.15 in late trade.

Biggest losers included Lupin Ltd, which lost 4.45% or 35.60 points to trade at 763.30 in late trade. Bharti Airtel Ltd. declined 4.28% or 15.05 points to end at 337.75 and Vedanta Ltd shed 3.61% or 6.45 points to 171.60.

The breadth, indicating the overall health of the market, 1621 fell and 1007 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.06% to 69.513.

 

Technical outlook

Nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 11380. The upside rally could be testing all the way up to 11450-11550 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 up to 11280-11180 levels. Key support holds at 11180.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 3/14/2019 8:19:00 AM
equity-image

Technical outlook

Bank nifty daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 28950. The upside rally could be testing all the way up to 29100-29300 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 28700-28500 levels. Key support holds at 28500.


Research Report call:

Technical Chart:
equity-chart