Equity Report

Nifty 1/16/2019 8:25:00 AM
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Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 10931 -12 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 added 1.39%, while the BSE Sensex 30 index gained 1.30%.

The biggest gainers of the session on the Nifty 50 were Wipro Ltd, which rose 5.49% or 17.15 points to trade at 329.80 at the close. Yes Bank Ltd added 4.07% or 7.95 points to end at 203.00 and Tech Mahindra Ltd was up 3.85% or 26.15 points to 706.25 in late trade.

Biggest losers included Maruti Suzuki India Ltd., which lost 0.81% or 59.70 points to trade at 7355.15 in late trade. ICICI Bank Ltd declined 0.09% or 0.35 points to end at 372.75 and Bharti Infratel Ltd shed 0.04% or 0.10 points to 279.75.

The breadth, indicating the overall health of the market, 1502 rose and 974 declined, while 154 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.38% to 71.055.

 

CASH FLOW ANALYSIS

FII DII Activity 15th January 2019, In the cash market today, FII’s bought 159 crores stock whereas DII’s bought 417 crores worth of stock. In the derivative market, FII’s bought 1153 crore of Index futures and bought 194 crores worth of Index options. In the Stock futures segment, FII’s bought 595 crores worth of stock futures and bought 208 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Megaphone chart” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance holding at 10900. The upside rally could be testing all the way up to 11000-11100 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 10800-10700 levels. Key support holds at 10700.


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Technical Chart:
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Bank Nifty 1/16/2019 8:14:00 AM
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Technical outlook

Bank nifty daily chart has formed “Megaphone chart” pattern. The last session ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum, testing all the way up to 27600-27750 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 27300 then it might turn bearish once again. The downside rally could test up to 27100-27000 levels. Key resistance holds at 27750.


Research Report call:

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Technical Chart:
equity-chart
Nifty 1/15/2019 8:50:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10825 +56 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 lost 0.53%, while the BSE Sensex 30 index fell 0.43%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd, which rose 5.83% or 10.75 points to trade at 195.35 at the close. Infosys Ltd added 2.60% or 17.80 points to end at 701.90 and Sun Pharmaceutical Industries Ltd. was up 1.60% or 7.10 points to 450.85 in late trade.

Biggest losers included Wipro Ltd, which lost 4.93% or 16.20 points to trade at 312.55 in late trade. GAIL Ltd declined 3.96% or 13.40 points to end at 324.90 and Indiabulls Housing Finance Ltd shed 3.27% or 26.70 points to 790.95.

The breadth, indicating the overall health of the market, 1450 fell and 1004 advanced, while 157 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.54% to 70.765.

 

CASH FLOW ANALYSIS

FII DII Activity 14th January 2019, In the cash market today, FII’s sold 732 crores stock whereas DII’s bought 527 crores worth of stock. In the derivative market, FII’s sold 989 crore of Index futures and bought 20 crores worth of Index options. In the Stock futures segment, FII’s bought 558 crores worth of stock futures and bought 86 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Megaphone chart” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 10700. The upside rally could be testing all the way up to 10600-10500 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 up to 10800-10900 levels. Key resistance holds at 10900.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 1/15/2019 8:32:00 AM
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Technical outlook

Bank nifty daily chart has formed “Megaphone chart” pattern. The last few sessions ended up bearish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum, once the same breaks below a key support holding at 27200. The downside rally could be testing all the way up to 27000-26800 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 up to 27400-27600 levels. Key resistance holds at 27600.


Research Report call:

Technical Chart:
equity-chart
Nifty 1/10/2019 8:20:00 AM
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Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10904 +28.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.49%, while the BSE Sensex 30 index climbed 0.64%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd, which rose 3.12% or 20.30 points to trade at 670.10 at the close. ITC Ltd added 2.55% or 7.25 points to end at 290.40 and Housing Development Finance Corporation Ltd was up 1.65% or 32.35 points to 1994.95 in late trade.

Biggest losers included GAIL Ltd, which lost 3.84% or 13.60 points to trade at 341.35 in late trade. Hindustan Petroleum Corporation Ltd declined 3.95% or 9.80 points to end at 239.00 and Bharat Petroleum Corp. Ltd. shed 3.40% or 11.95 points to 340.05.

The breadth, indicating the overall health of the market, 1420 fell and 1096 advanced, while 141 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.60% to 70.555.

 

CASH FLOW ANALYSIS

FII DII Activity 9th January 2019, In the cash market today, FII’s bought 276 crores stock whereas DII’s bought 439 crores worth of stock. In the derivative market, FII’s bought 460 crore of Index futures and bought 1249 crores worth of Index options. In the Stock futures segment, FII’s sold 366 crores worth of stock futures and bought 35 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Megaphone chart” 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 10900. The upside rally could be testing all the way up to 11000-11100 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 10800-10700 levels. Key support holds at 10700.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 1/10/2019 8:11:00 AM
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Technical outlook

Bank nifty daily chart has formed “Megaphone chart” 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 27750. The upside rally could be testing all the way up to 27900-28100 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 27500-27300 levels. Key support holds at 27300.


Research Report call:

Technical Chart:
equity-chart
Nifty 1/9/2019 8:25:00 AM
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Pre-Market Wednesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10923 +85.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 added 0.28%, while the BSE Sensex 30 index gained 0.36%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 4.17% or 17.95 points to trade at 448.05 at the close. ICICI Bank Ltd added 3.15% or 11.60 points to end at 380.15 and State Bank of India was up 3.10% or 9.20 points to 305.30 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd., which lost 2.99% or 13.85 points to trade at 451.65 in late trade. UPL Ltd declined 1.67% or 12.75 points to end at 752.20 and Kotak Mahindra Bank Ltd. shed 1.49% or 18.60 points to 1228.90.

The breadth, indicating the overall health of the market, 1271 fell and 1218 advanced, while 168 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.46% to 70.145.

 

CASH FLOW ANALYSIS

FII DII Activity 8th January 2019, In the cash market today, FII’s sold 553 crores stock whereas DII’s bought 698 crores worth of stock. In the derivative market, FII’s sold 418 crore of Index futures and sold 487 crores worth of Index options. In the Stock futures segment, FII’s bought 227 crores worth of stock futures and sold 27 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Megaphone chart” 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 10850. The upside rally could be testing all the way up to 10950-11050 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 10700-10600 levels. Key support holds at 10600.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 1/9/2019 8:18:00 AM
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Technical outlook

Bank nifty daily chart has formed “Megaphone chart” 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 27550. The upside rally could be testing all the way up to 27700-28000 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 27300-27050 levels. Key support holds at 27050.


Research Report call:

Technical Chart:
equity-chart
Nifty 1/8/2019 8:15:00 AM
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Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 10807 +2 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.41%, while the BSE Sensex 30 index climbed 0.43%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd, which rose 2.72% or 7.75 points to trade at 293.75 at the close. AXIS Bank Ltd added 2.87% or 17.80 points to end at 637.45 and Tata Motors Ltd was up 2.52% or 4.30 points to 175.35 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 4.92% or 40.80 points to trade at 793.90 in late trade. Bajaj Auto Ltd declined 3.00% or 81.95 points to end at 2658.55 and Dr. Reddy’s Laboratories Ltd shed 1.54% or 40.00 points to 2558.65.

The breadth, indicating the overall health of the market, 1275 rose and 1264 declined, while 163 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.42% to 69.816.

 

CASH FLOW ANALYSIS

FII DII Activity 7th January 2019, In the cash market today, FII’s bought 736 crores stock whereas DII’s sold 141 crores worth of stock. In the derivative market, FII’s bought 408 crore of Index futures and bought 509 crores worth of Index options. In the Stock futures segment, FII’s bought 125 crores worth of stock futures and sold 25 crores stock options.

 

Technical outlook

Nifty daily chart has formed “Megaphone chart” 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 10850. The upside rally could be testing all the way up to 10950-11050 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 10700-10600 levels. Key support holds at 10600.


Research Report call:

Technical Chart:
equity-chart
Bank Nifty 1/8/2019 8:06:00 AM
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Technical outlook

Bank nifty daily chart has formed “Megaphone chart” 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 27400. The upside rally could be testing all the way up to 27600-27800 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 27100-26900 levels. Key support holds at 26900.


Research Report call:

Technical Chart:
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