Daily Market Insights

Transcription

1 Daily Market Insights 24 th November 2017 Market Snippet S`4321 Benchmark indices ended the session on a positive note after the range bound moment throughout the day with Nifty settled below 10,350 posted a good recovery in last one hour of trade lead by big heavyweights like Infosys, Reliance as well as the market consolidated in want of fresh triggers after the September quarter earnings than season wound down. IT shares were the major gainers of the day while PSU banks shares were the major losers for the day. Global Markets Update Zurich Insurance Group AG said that it plans to expand its impact investing portfolio commitment to $5 billion, more than doubling its original target of $2 billion. European shares dipped tracking more timid Wall Street trading as volumes thinned out for the Thanksgiving holiday, while euro zone stocks drove higher, boosted by strong business growth figures for the bloc. INDEX ADVANCE DECLINE UNCHANGED NSE INDEX ADVANCE DECLINE UNCHANGED BSE Gainers LARGECAP %CHANGE MIDCAP %CHANGE INFY +2.57% JSWENERGY +5.79% RELIANCE +2.04% SRF +4.77% SUNPHARMA +2.01% DCBBANK +3.05% YESBANK +1.82% TVSMOTOR +2.46% EICHERMOT +1.56% APOLLOTYRE +1.87% Losers LARGECAP %CHANGE MID CAP %CHANGE DRREDDY -2.19% MFSL -3.20% ADANIPORTS -1.93% UBL -2.79% IBULHSGFIN -1.66% UNIONBANK -1.80% BAJAJAUTO -1.27% CONCOR -1.67% ASIANPAINTS -1.16% IBULHSGFIN -1.61% Nifty Indian Markets INDEX VALUE CHANGE %CHANGE NIFTY % SENSEX % NIFTYBANK % INDIA VIX % International Markets INDEX VALUE CHANGE %CHANGE DOW % NASDAQ % FTSE % SHANGHAI % NIKKEI % Intraday super stars OUR PREVIOUS CALLS UPDATE Date Stocks Entry Exit P/L 23/11 CANBK(L) UNEX - 23/11 ORIENTBANK(L) UNEX - Multibagger Date Stock Entry Exit P/L 21/11 BPCL(L) Trifid special Date Stock Entry Exit P/L 20/11 YESBANK(L) For our next calls click here.

2 Stock Snippets Biocon shares moved higher after the biopharmaceuticals firm has launched KRABEVA, a biosimilar Bevacizumab, in India. The drug is used for the treatment of patients with metastatic colorectal cancer and other types of lung, kidney, cervical, ovarian and brain cancers, in India. Godrej Consumer Products has cut the prices of products such as hair color, air fresheners, liquid detergents and deodorant categories by 7-10%. This step has been taken in order to pass on the benefits of the recent reduction in GST rates to consumers. Bank of India ends on flat note as bank informed regarding the approval from SEBI, vide its letter dated November 20, 2017, for raising capital - of Rs 3,000 crores through QIP. Thomas Cook said that it has obtained board approval to raise over Rs 600 crore by divesting 5.42% stake in its subsidiary Quess Corp, which will bring its shareholding down to 51.56% through an offer for sale process. Cadila healthcare gains as Drug firm Zydus Cadila said it has received approval for the US health regulator to market Tadalafil tablets, used for the treatment of erectile dysfunction, in the American market. Global Markets Philippines stocks were higher after the close on Thursday, as gains in the Holding Firms, Services and Property sectors led shares higher. In Asia, markets were mostly lower after Federal Reserve minutes showed that concerns over inflation persist despite a probable rate hike in "the near term." U.S. markets are closed for Thanksgiving. Taiwan stocks were higher after the close on Thursday, as gains in the Information Services, Electronic Parts/Components and Other Electronic sectors led shares higher. Australia stocks were lower as losses in the Consumer Discretionary, Utilities and Financials sectors led shares lower. DATE: 23/11/17 FII/DII CASH MTD YTD FII DII Sectoral gainers and losers SECTOR %CHANGE IN ADV DEC MARKETCAP Consumer Durables 1.83% 11 0 Retail & Real Estate 1.07% Manufacturing 0.72% Information Technology 0.71% Oil & Gas 0.70% 14 7 Services 0.39% Media & Entertainment 0.37% Chemicals 0.35% Cement & Construction 0.27% Pharmaceuticals 0.25% Utilities 0.25% Consumer Nondurables 0.09% Engineering & Capital Goods -0.02% Food & Beverages -0.06% Tobacco -0.06% 1 3 Automotive -0.12% Banking & Financial Services -0.23% Metals & Mining -0.25% Conglomerates -0.40% Telecommunication -0.57% Miscellaneous -0.90% Stocks breakout on moving average STOCKS PRICE 30DMA BHEL BALPHARMA ROLTA NIITLTD JSWENERGY

3 Intraday super star calls (Premium Section) HEXAWARE EQ constantly took resistance at higher levels as could not able to sustain on higher side and a lower consolidation has been seen since last few sessions and so negative breakout is expected in this stock. SELL BELOW TARGETS /319/ SL DISHTV EQ showed strength in last trading session and near around its immediate resistance. It is expected to continue the buying momentum if holds below the mentioned level. BUY ABOVE TARGETS 80.40/81.20/82 SL

4 F&O Multibagger call (Premium Section) DABUR FUTURE is resisting near the immediate resistance levels so seen on daily chart. The stock may show positive up move from the mentioned levels. BUY ABOVE TARGETS / SL

5 Trifid Special call (Premium Section) ARVIND EQ gains for the fourth consecutive day as the overall long term trend of the stock is also bullish. If the positive momentum is seen above the immediate resistance then buying could be seen in this stock. BUY ABOVE 439 TARGET SL

6 Major Indices Movement Nifty Technicals Nifty consolidated for the whole consecutive trading session after opening in positive zone for now will act as an crucial resistance while on lower side seen support. Bank Nifty Technicals Nifty bank traded marginally lower for the third straight day. Nifty bank ended the session at The next key support and resistance for the banking index is at and Index 22-November November-17 Change in OI %Chg NIFTY SCRIPS IN F&O BAN FOR TRADE DHFL, DLF, FORTIS, HDIL, INFIBEAM, JETAIRWAYS, JISLJALEQS, JPASSOCIAT, JSWENERGY, JUSTDIAL, RCOM, TV18BRDCST, WOCKPHARMA.

7 Up s and Down s Stocks at 52 Week High Stocks New 52 W/H Previous High AJMERA APTECHT BEPL GILLETTE JINDALSTEL Stocks Approaching 52 Week High Stocks LTP 52W High VOLTAS MARUTI HDFCBANK TATAGLOBAL BEL Stocks rising continuously 2-3 days Stocks LTP APOLLOTYRE ARVIND INFY ZEEL Stocks at 52 Week Low Stocks New 52 W/L Previous Low 5PAISA NIACL MAXINDIA SANCO Stocks Approaching 52 Week Low Stocks LTP 52W Low LUPIN JAGRAN MCX CLEDUCATE IDFCBANK Stocks falling continuously 2-3 days Stocks LTP VEDL MOTHERSUMI LT COALINDIA Event Calendar(20 th NOVEMBER to 25 th NOVEMBER 17) 20/11/17 (Mon) 21/11/17 (Tues) 22/11/17 (Wed) 23/11/17 (Thur) 24/11/17 (Fri) 25/11/17 (Sat) RESULT - - RESULT - - GRAVITA SIEMENS

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