NIFTY MORNING OUTLOOK
Pre-Market Tuesday! Asian market positive territory Nifty50 on the SGX were trading at 10258 -3 points on indicating flat opening for the NSE.
The Nifty 50 index fell 96.80 points or 0.94% to settle at 10,224.95. The index rose 12.40 points, or 0.12% at the days high of 10,334.15. The index fell 105.50 points, or 1.02% at the days low of 10,216.25.
The biggest gainers of the session on the Nifty50 were Tata Consultancy Services Ltd., which rose 1.85% or 50.20 points to trade at 2758.95 at the close. Mahindra & Mahindra Ltd. added 1.31% or 18.25 points to end at 1411.20 and Sun Pharmaceutical Industries Ltd. was up 0.89% or 4.70 points to 532.55 in late trade.
Biggest losers included Adani Port and Special Economic Zone Ltd, which lost 4.33% or 18.70 points to trade at 413.35 in late trade. Aurobindo Pharma Ltd. declined 4.04% or 29.90 points to end at 710.20 and Oil and Natural Gas Corporation Ltd shed 3.61% or 6.90 points to 184.20.
The breadth, indicating the overall health of the market, NSE 1610 fell and 1069 advanced, while 147 ended unchanged
Rupee desk: The USD/INR was up 0.25 to 65.56
CASH FLOW ANALYSIS
FII DII Activity 13 November 2017, In the cash market, FII’s sold 233 crores stock whereas DII’s sold 268 crores worth of stock. In the derivative market, FII’s bought 278 crore of Index futures and bought 367 crores worth of Index options. In the Stock futures segment, FII’s sold 339 crores worth of stock futures and sold 19 crores stock options.
Trading Pattern analysis according to the previous session, Nifty movement has formed bearish candle as the opening price is near the highs and closing price was near the lows of the day. “Falling wedge” pattern with a strong resistance at 10300 could keep the bearish sentiment. Nifty managed support at 10120. Sell around 10260 target 10220-10180-10120 with a strict stop loss at 10300.
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