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HDFC Securities

Published on 21/11/2019 10:31:08 AM

 

Nifty, BankNifty-Support & ResistanceHDFC Securities

Bank Nifty-Daily Timeframe:

SUPPORTS:

Technical Supports – 31205 – 30970.

RESISTANCES:

Technical Resistances – 31500 – 31660

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 HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.

HDFC Securities

Published on 21/11/2019 10:29:00 AM

Nifty, BankNifty-Support & ResistanceHDFC Securities

Nifty Daily Chart - Cash/Spot

SUPPORT:

Technical Supports – 11940 – 11880.

RESISTANCES:

Technical Resistances – 12040 – 12105.

 For Complete Report And Disclaimer Click Here- https://bit.ly/37z24am

 HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.
 

GEPL Capital

Published on 21/11/2019 10:24:47 AM

*BANKNIFTY NOV FUT :

* 31333.55 (17.60 i.e 0.05%) 
*HIGH :* 31380.00 *LOW :* 31240.00 *ATP :* 31307.08
*DYNAMIC PARAMETER :* Index trading in the previous session range .
*SUPPORT ZONE:* 31180/ 30950
*RESISTANCE ZONE:* 31450/ 31600
 

SEBI Registration number is INH000000081.
Please refer disclaimer at www.geplcapital.com/Disclaimer.aspx
 

GEPL Capital

Published on 21/11/2019 10:24:27 AM

*GEPL VIEW ON MARKET @ 10.15 AM:*

*NIFTY NOV FUT :

* 11999.70 (-18.35 i.e -0.15%) 
*HIGH :* 12030.05 *LOW :* 11991.00 *ATP :* 12004.70
*DYNAMIC PARAMETER :* Index trading below previous session close.
*SUPPORT ZONE:* 11970/ 11900
*RESISTANCE ZONE:* 12070/ 12120

SEBI Registration number is INH000000081.
Please refer disclaimer at www.geplcapital.com/Disclaimer.aspx
 

Geojit Financial Services Ltd.

Published on 21/11/2019 10:14:28 AM

Nifty Outlook:

Restricted Upside

The weekly contract continued to see short covering along calls, but put shorts also got covered with only a day before expiry. This may have clipped the upside momentum a bit yesterday. Monthly contracts, however, witnessed put writing throughout strikes, as well as robust long addition in the call OTMs, indicating the improvement in upside expectations. The upper band hitherto in the 12100-12300 now looks to be 12500. The increase in activity to higher strikes, has happened at the expense of strikes below 11800 suggesting that traders do not look prepared for downsides beyond this. Hence, mark this level.

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 Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

 

Geojit Financial Services Ltd.

Published on 21/11/2019 10:13:58 AM

F&O OUTLOOK

Review

Nifty futures closed at 12018.15 with a gain of 0.41% on Wednesday. Open interest of the current month expiry declined by 6.65 lakh shares indicating short covering in the markets. Nifty Nov futures closed at a premium of 19.05 points against the previous day's 29.05 points. Addition of put options in the ITM and OTM strikes helped the PCR to rise to 1.58 from Monday's 1.46. Volatility index, VIX slipped by 1.64% to end at 15.16 from last day's 15.4125. Maximum Call OI was seen in 12,000 level while max OI on the Put side was at 11,900 strike.

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 Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

Geojit Financial Services Ltd.

Published on 21/11/2019 10:01:07 AM

Nifty Outlook:

Doji candle formed yesterday indicate indecision. Expect dip towards 11970-60 to be bought and attempt a move again towards 12000-40. Break of 12040 would trigger fresh upside towards all-time high and beyond. On the flip side, inability to hold above 11925 would call for caution.

Click Here- https://bit.ly/2qwRTST

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

HDFC Securities

Published on 21/11/2019 9:46:24 AM

Government finally moves on labour reforms  HDFC Securities

Last night the Government took a lot of steps

While the markets seemed to be excited about the strategic disinvestment of PSUs, we believe the cabinet nod for the Labour Code on Industrial Relations 2019 will have far reaching impact. The most important part is that the bill when passed will empower the Government change the criteria for its application by a notification, which will mean that it does not have to go through the lengthy and time consuming process of parliamentary approval.

Labour and Land reforms are the most important reforms that can truly bring in huge investments.

Meanwhile, key U.S. indices slipped in the red Wednesday on fears that the a trade deal might not be completed this year as China condemned a U.S. Senate resolution supporting human rights in Hong Kong.

The indices fell between 0.38% and 0.51%, but closed well off the day’s lows.

The only saving grace was that the indices closed well off their intraday lows.

PSU stocks mentioned in the strategic sale will do well but are likely to see profit taking later. FMCG Stock shave shown signs of a bullish trend reversal after a running correction. Pidilite, Nestle and Dabur look strong.

Coming back to our markets, the Nifty ended the day 59 points higher at 11,999, after touching 12,038 in the morning.

Puts have been written at 11900-12000 levels.

Continuation of Short covering is seen by call writers at 12000 levels in weekly Options. However Highest OI in Calls still stands at 12000, Therefore 12000- 12050 level will continue to act as a resistance

We believe the markets will open lower, following the Asian markets but will fight back.

For Complete Report And Disclaimer Click Here- https://bit.ly/2OB6kgC

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.

Choice International Ltd

Published on 21/11/2019 9:45:18 AM

Bank Nifty Outlook

* The Index opened on a positive note at 31292.35 which was also an intraday high but failed to hold that level and highly volatile throughout the session.

* On a daily chart, the Index has good support for its previous bottom which came 11550 level which again suggests a bounce back movement.

* A daily ADX indicator indicates strength in trend as it is trading above 25 marks along with a positive crossover of ADX Plus and ADX Minus.

* A daily momentum indicator RSI reading is at 68.71 level with a positive crossover which points out for a positive breath in the Index.

* Based on the above technical structure, we are expecting that the BankNifty may face strong resistance 31500 while downside support comes at 31220 level.

Click  Here- https://bit.ly/33cm3by

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Choice International Ltd

Published on 21/11/2019 9:44:49 AM

Nifty Outlook

* Yesterday, we saw a Highly volatile session after a Gap Up Opening on the hourly chart, the Index made an Intraday low of 11979.50 level, however, the Index tried to recover from day’s low and finally settled at 11999.10 level.

* Nifty50 signed off the day with an indecisive formation called Doji, after moving in an extremely narrow range of 30 points, suggesting that market is in for a consolidation phase.

* Moreover, the Index has been continuously trading above its “21 Days Simple Moving Averages” with which show positive breath in the Index.

* On an hourly chart, the Index has been taken support of its Rising Trend line with above average volume activity which show positivity in the Index.

* Based on the above technical structure, we are expecting that the Nifty may face strong resistance 12050 while downside support comes at 11940 level

Click  Here- https://bit.ly/33cm3by

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx