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GEPL Capital

Published on 14/11/2018 9:40:24 AM

Key Highlights:

Markets props up by a century, recovering what it lost in the earlier session. Holds onto SUPPORTS to continue with the SIDEWAYS tranche …. 

*  The NIFTY opened @ 10451.90, a minor DOWN-tick of 30 points over Monday. The global cues were pretty BEARISH to begin with, but the NIFTY BULLS seemed little bothered as they held largely to PAR till noon. Post noon, the BULLS rose in strength, rising gradually to almost the 10600 mark. In the process, the NIFTY propped up by a century, recovering what it lost in the earlier session. Holding to the pre-defined SUPPORTS, the NIFTY continues with its SIDEWAYS tranche. The NIFTY finally closed the day @ 10582.50 UP by 100.30 points or 0.96%.

*  The broader indices this time around underperformed the benchmark NIFTY. While the NIFTY MID100 closed UP by 0.29% to close @ 17489.60; the NIFTY SML100 closed UP by 0.33% to close @ 6275.10. In line with the SIDEWAYS tranche, the broader markets moved back to even-stevens mode, with 875 advances & 848 declines. Astonishingly, the INDIA VIX moved back DOWN by 4.28% to close @ 18.5375.

*  The sectoral indices were back to their MIXED self. While the NIFTY ENERGY & NIFTY CPSE moved UP by close to a percent & three quarters of a percent; on the flip side, the NIFTY PHARMA corrected by a percent & half and NIFTY REALTY followed in suit with a three quarters of a percent on the RED side.

*  Benchmark Index for the last few sessions have been struggling around 10600 levels, while finding SUPPORT around the 10450 mark. If we meticulously watch the intraday charts, Index for the last seven sessions is trading in a range of 10450-10600 and has now closed near the upper range, after taking SUPPORT at the bullish gap around 10440-10450. For the coming sessions, we will closely watch the 10440 levels as a follow through selloff below the same may drag Index further lower towards 10250 levels. On the flip side, if Index manages to move past the RESISTANCE band around 10600-10645 (recent HIGH), 10700-10800 (housing the 50, 100 &200 DMA & 50% retracement of earlier FALL). 

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KIFS Trade Capital

Published on 14/11/2018 9:33:18 AM

Bank Nifty

Bank Nifty also witnessed a positive session where the bulls were in charge of the index and helped bank Nifty to give a positive close where it managed to surpass the level of 25700 and gave a close above that level gaining 0.9 percent for the day. Mirroring the key benchmark index renewed strength can also be witnessed in Bank Nifty on a smaller time frame chart mainly on daily where the intermediate hurdle is placed at the level of 25900 mark and if the bulls manage to take out the level of 25900 then we may see the further escalation towards 26500 mark.

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KIFS Trade Capital

Published on 14/11/2018 9:32:55 AM

Nifty

The key bench mark index Nifty was not so volatile in the first half of the trading session and in the second half the momentum was observed in which Nifty saw arrange roller coaster ride but eventually bulls took over the key bench mark index and the indices closed 100 points above the previous days close. Sector specific financial service and PVT Bank sectors outperformed the key benchmark index whereas Pharma and Realty sectors were laggards in the market. After a sideways consolidation renewed strength is clearly observed in the daily time frame chart. Intermediate hurdle is placed near 10650. If bulls manage to take out the level of 10650 we may see the further escalation towards 10710.

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Choice International Ltd

Published on 14/11/2018 9:27:53 AM

Bank Nifty Outlook

*  Bank Nifty Index opened at 25,422 and went up to an intraday high of 25,796.50 closing the day at 25,768.60 with a gain of 228.85 points or 0.90 percent.

*  On a daily chart, Bank Nifty has bounced back from 25430 level which is 61.8% retracement level of its previous move from 23605.60 level to 28388.65 level which suggests a positive move in the Index.

*  A daily momentum indicator RSI reading is at 55.08 level and trading above oversold zone with a positive crossover.

*  Going forward, during the day we expect the index to find resistance at 26,000 level, whereas support is likely to be placed at 25,400 level.

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Choice International Ltd

Published on 14/11/2018 9:27:31 AM

Nifty Outlook

*  Nifty closed the day on positive note on Tuesday, closing the day at 10,582.50 with a gain of 100.30 points or 0.96 percent.

*  On a weekly chart, Nifty is Facing a resistance of 10640 level which is 61.8% retracement level of its previous move from 9951 level to 11751 level which indicates a bull rally will initiate above 10640 level.

*  A daily momentum indicator RSI reading is at 52.25 level with a positive crossover and trading above oversold zone.

*  With the ongoing structure, we are expecting the index to find resistance at 10,710 level while downside support comes at 10,440 level.

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Religare Securities Limited

Published on 14/11/2018 9:24:34 AM

Nifty Outlook

After a sharp correction in the previous session, the Indian markets staged a smart recovery, ending Tuesday’s session on a strong note, aided by some late recovery in key Asian indices and positive European cues. Decline in the crude oil prices and a sharp appreciation in INR vs USD also boosted the sentiments. The Nifty index traded flat to marginally lower in the first half, but managed to bounce back strongly post noon from intra-day lows of 10,441 before closing the session 1% higher at 10,583 levels. The broader market indices underperformed the benchmark, with BSE Midcap & Smallcap reporting marginal gains. Barring Realty, Healthcare & Consumer Durables, which witnessed some selling pressure, all the other sectoral indices closed in the green with Oil & Gas, Capital Goods, Banks, Auto & Power being the top gainers, up 0.8-2%.

While the gains could extend in tomorrow’s session, we prefer to remain cautious at higher levels. Movement of crude oil prices, currency and global developments would be closely monitored in the coming sessions. Domestically, the stock specific volatility will continue, as we enter the last leg of the earnings season. The corporate earnings so far have broadly met the street expectations with no big positive or negative surprises. We advise traders & investors to remain selective in stock picking.

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Ventura Securities Ltd

Published on 14/11/2018 9:11:49 AM

Dow-101, Nasdaq+1, Nikkei-26, SGXNifty 10650(+45).Yday FIIs-495cr in Cash,-715cr in FNO. DIIs+336cr in Cash.Tdy AdaniPower, JetAirways in ban period in FNO.

SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQ
 

Arihant Capital Markets Ltd

Published on 14/11/2018 9:07:02 AM

Equity-

On 13/11/2018 markets opened lower but smart recovery was seen during the day which led the indices to close marginally in red. On the sectoral front Oil & Gas, Energy, Bankex and Capital Goods ended with decent gains whereas Consumer Durable and Realty ended on the losing side. The advance decline ratio was in favour of advancing counter (Advances = 1323/Declines = 1293).

Pattern Formation: On the daily chart we are observing that momentum indicators are gaining momentum.

Outlook: The current price action on the daily chart suggests that momentum on the upside is likely to continue. In coming trading session if Nifty trades above 10600 then it is likely to test 10650 – 10700 levels. On the downside, 10550 – 10480 levels may act as support for the day. 

We maintain our stance that one needs to adopt cautiously positive approach at current levels.

Tags: Nifty Technical Outlook, Nifty50 Technical Levels, Guru Calls, FIIs & DIIs Data, Ratings for stocks under our coverage, News for stocks under our coverage

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LKP Securities

Published on 14/11/2018 8:48:25 AM

Index closed a day at 10582 with gain of 100 points on Tuesday session and formed bullish piercing candle pattern which is bullish reversal by nature. Index has immediate resistance near 10645-10700 zone, above 10650 we may see cup & handle breakout on hourly chart which will again positive sign and support for index is coming around 10550-10500. Nifty bank has support near 25630-25500 and resistance is near 25900-26000.

Angel Broking Pvt Ltd

Published on 13/11/2018 10:49:06 AM

Nifty Bank Outlook - (25540)

In yesterday’s trading session, Bank Nifty too corrected along with the broader markets and ended with a loss of around a percent tad above 25500 levels.

In our previous outlook, we had mentioned a stiff resistance on Bank Index around 25900 levels and yesterday the Index after failing to sustain above the same witnessed a sharp round of profit booking. For the last six sessions, the Bank Index has traded in a range of 25500-25900 and yesterday after testing the higher range Index has closed near the lower range which coincides with a bullish gap around 25400 – 25500 levels. Going ahead, traders need to closely monitor the levels around 25400 levels as a follow-through selling below the 25400 levels may open further weakness towards 25000 levels. On the flip side, 25760 followed by 25900 will now act as an immediate hurdle.

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