MENU

Enrich Commodities India Pvt.Ltd

Published on 14/08/2018 11:47:54 AM

Technical outlook

Nifty daily chart has formed “Rising channel” pattern. The last session ended up forming an “Inverse hammer” candlestick pattern in a gap down formation, which can be read as a trend reversal one. The market is expected to continue on bullish momentum for a while to fill up the gap, testing all the way through 11420-11500 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 11350 then it might continue in bearish momentum. The downside rally could test 11280-11200 levels. Key resistance holds at 11500.

Click Here - http://ow.ly/2Y0V30losrH

Visit www.enrichbroking.com/research/

Enrich Commodities India Pvt.Ltd

Published on 14/08/2018 11:46:34 AM

NIFTY MORNING OUTLOOK

Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11398 +8 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 declined 0.65%, while the BSE Sensex 30 index declined 0.59%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd, which rose 3.32% or 12.05 points to trade at 375.45 at the close. Tech Mahindra Ltd added 2.64% or 17.05 points to end at 659.95 and Sun Pharmaceutical Industries Ltd. was up 1.95% or 10.80 points to 563.90 in late trade.

Biggest losers included Bharat Petroleum Corp. Ltd., which lost 5.75% or 23.10 points to trade at 379.70 in late trade. Hindustan Petroleum Corporation Ltd declined 4.77% or 13.65 points to end at 273.10 and Indiabulls Housing Finance Ltd shed 3.92% or 51.90 points to 1276.50.

The breadth, indicating the overall health of the market, 1698 fell and 918 advanced, while 143 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 1.14% to 69.885.

Click Here - http://ow.ly/2Y0V30losrH

Visit www.enrichbroking.com/research/

LKP Securities

Published on 14/08/2018 11:43:14 AM

Domestic Market View

Markets to make a positive start on good macro data

Indian equity markets ended lower for the second straight session on Monday as the Indian rupee hit lifetime lows and the Turkish currency crisis dealt a blow to investors’ sentiment globally. Today, the markets are likely to make a positive start on good macro-economic data. The Central Statistics Office’s (CSO) data showed that India’s Retail inflation fell to nine-month low of 4.17% in July on account of slowdown in prices of vegetables and fruits. Its previous low was in October 2017 at 3.58%. Retail inflation, measured by Consumer Price Index (CPI) had hit a five-month high of 5% in June. Besides, traders will be eyeing another macro data of wholesale price inflation for July scheduled to be release later in the day. Also, there will be some support with a private report that India’s foreign reserves are in a comfortable range and another 5-8% fall in reserves will not jeopardise the situation. However, there will be some cautiousness with the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry’s data showing that India’ fuel demand rose 7.3% in July, driven by sharp rise in petrol and diesel consumption. Fuel consumption in July totaled 17.05 million tonnes as compared to 15.88 million tonnes in the same month last year.

Click Here - http://ow.ly/xwHN30losdn

Please refer disclaimer at www.lkpsec.com/#foo

Religare Securities Limited

Published on 14/08/2018 11:30:11 AM

Nifty Outlook

Markets started the holiday-shortened week on feeble note and lost over half a percent. Sentiment dampened in reaction to the news of Turkish crisis and further weakness in rupee against the US dollar. In line with other global markets indices, Nifty also opened lower and traded range bound thereafter. Though it tried recouping some losses in the middle but selling pressure re-emerged in the latter half and pushed the index to day’s low.

We feel any decline due to external factors would be short-lived and traders should continue with “buy on dips” approach. In fact, it’s healthy to have such intermediate corrective phase as it eliminates weak hands. However, it also causes trouble to traders as stock selection and position management become difficult. We suggest keeping close eye on global development along with prevailing earnings season for cues.

Click Here - http://ow.ly/CLMB30los70

Please refer disclaimer at  http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html

KIFS Trade Capital

Published on 14/08/2018 11:12:15 AM

Bank Nifty

Bank nifty witnessed very a negative day as well where it was down by 196 points to close the trading session on losing end. PSU Bank sector witnessed a fall of 3.80 percent after State Bank of India saw a big fall. PVT Bank sector was also negative for the day where South Bank was the biggest loser. Bank Nifty stood very strong on the consecutive second week above the previous threshold of 27652. Hope for the bulls placed near 27750. We are expecting bank nifty may continue to outperform the key benchmark index for coming few weeks.

Click Here - http://ow.ly/rCbj30lorO5

Please refer disclaimer at https://kifstradecapital.com/disclaimer

KIFS Trade Capital

Published on 14/08/2018 11:11:22 AM

Nifty

Nifty continued the downfall for the second session wear bears were in charge and drifted the key benchmark index by 74 points to end the first trading day of the week in red. Sector specific PHARMA and IT sectors outperformed the key benchmark index whereas MEDIA and PSU Banks sector were laggards in the market. In the current scenario first line of defiance placed near 11300, where in intermediate trend line is placed. Hope for the bulls placed near 11300. If bulls fails to hold the 11300 mark we may see the further escalation towards 11200.

Click Here - http://ow.ly/rCbj30lorO5

Please refer disclaimer at https://kifstradecapital.com/disclaimer

GEPL Capital

Published on 14/08/2018 10:49:44 AM

Key Highlights:

The NIFTY wilts under global pressure, even as 11340 lends momentary support. Level of 11240 quiet crucial, as BULLS still eye extrapolated levels of 11550-11670 ….

* The NIFTY opened @ 11369.60, a GAP-DOWN of 60 points over last Friday. From the initial moments of the session, the Nifty seemed to come under pressure as global markets ran havoc from the Turkish turmoil. It was a full RED day, but the BEARS still remained non-committal as the market once again remained SIDEWAYS as it walleted in a 60-point range all through. The NIFTY finally shut shop @ 11355.75 DOWN by 73.75 points or 0.65%.

* In line with the profit booking in the markets, the broader indices underperformed the benchmark NIFTY. While the NIFTY MID100 FREE closed DOWN by 0.65% to close @ 19012.40; the NIFTY SML100 FREE closed DOWN by 0.98% to close @ 7463.65. The broader market too moved in favor of the BEARS with 573 advances & 1179 declines. The INDIA VIX on the turn, moved UP by a good 4% to close @ 13.3750.

* In line with the broader markets, the SECTORAL indices too largely traded in the RED. While the defensives in the form of NIFTY IT & NIFTY PHARMA escaped the BEARS to move UP by around 1.3 & half a percent respectively; the NIFTY PSU BANKS & NIFTY MEDIA plummeted by almost 3% each.

* The NIFTY after clearing all the barriers made an All Time High level @ 11495 last week. The move from thereon has been met with a correction & that seems to be quiet rational. The move is in line with the overbought readings that the indicators were referring to. This, coupled with the rise in VIX at higher levels calls for intrinsic caution & should ideally lead to a meaningful correction. None the less, the extrapolated levels around 11550-11670 still may come into contention, given that the current stimuli are still external in nature. On the other hand, the NIFTY has a strong support zone placed @ 11340 – 11270 (The low of the day corresponds to the higher range of the band); followed by 11170- 10920 levels on the trot.

Click Here - http://ow.ly/aYSk30lorrE

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

Choice International Ltd

Published on 14/08/2018 10:28:53 AM

Bank Nifty Outlook

* Bank Nifty Index opened at 27,760.80 and went down to an intraday low of 27739.50 closing the day at 27794.40 with a loss of 329.85 points or 1.17 percent

* On an hourly chart, the Bank Nifty has been trading with a support of its 100 Days Exponential Moving Average which indicates a range bound move in the Index.

* The daily momentum indicator RSI(14) reading is at 34.02 with bearish divergence and facing resistance from higher level.

* Going forward, during the day we expect the index to find resistance at 28,150 level, whereas support is likely to be placed at 27,630 level.

Click Here - http://ow.ly/7pyq30loqYj

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

Choice International Ltd

Published on 14/08/2018 10:26:58 AM

Nifty Outlook

* Nifty closed the day on negative note on Monday, closing the day at 11,355.75 with a loss of 73.75 points or 0.65 percent.

* On an hourly chart, the Nifty has started to trade below its 21 Days Exponential Moving Average which indicates a bear run in the Index.

* The daily momentum indicator RSI(14) reading is at 62.63 with a negative crossover and facing resistance from higher level.

* With the ongoing structure, we are expecting the index to find resistance at 11,420 level while downside support comes at 11,280 level.

Click Here - http://ow.ly/7pyq30loqYj

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

Arihant Capital Markets Ltd

Published on 14/08/2018 9:45:00 AM

On 13/08/2018 markets opened down with gap and traded with negative bias throughout the day to close in red. On the sectoral front Oil & Gas, Bankex and Energy led the fall whereas IT and Teck ended on the gainers side. The advance decline ratio was in favour of declining counter (Advances = 956/Declines = 1724).

Pattern Formation: On the daily Chart, we are observing that prices have tested the upward sloping trendline. Further we are observing a downward gap area in the range of 10419 to 10406 which is likely to act as resistance going forward.

Outlook: The current price action suggests that 11330 remains crucial support for the prices. In coming trading session if Nifty trades below 11330 level then it is likely to test 11280 – 11250 levels. On the upside 11400 – 11450 may act as resistance for the day.

Broadly, we are of the opinion that the weekly trend remains up and there is high probability that near 11300 to 11250 buying may emerge. Hence at present cautiously positive approach should be adopted at current level.

 

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

SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/