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KIFS Trade Capital

Published on 24/08/2019 5:25:56 PM

Market Outlook For 26 August 2019

Bank Nifty

Bank nifty managed to form a green candle after seen fall for four consecutive days. We are expecting positive movement in banking sector after a relief measures introduced by FM on Friday. Sectorial analysis states private bank were losers while PSU banks managed to close on positive side. Technically, observing current chart structure the intermediate trend is negative on lower as well as higher time frame. But if we observe daily price chart we see a Doji pattern, from here on we are expecting a pullback towards 27400 level.

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KIFS Trade Capital

Published on 24/08/2019 5:25:41 PM

Market Outlook For 26 August 2019

Nifty

The market closed on positive note in last trading session. The positive movement is expected ahead of measure taken by government for economic boost. The overall market breadth was positive as majority of sectors ended up on positive note except FMGC and Private Banks. Technically, Looking at the current chart structure inter mediate trend on the lower as well as on the higher time frame chart is negative, but the benchmark index took support near 10620 in the proximity of 61.8% retracement of the previous rise, we may expect nifty to take pullback and move to 11200 level.

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Geojit Financial Services Ltd.

Published on 23/08/2019 10:56:10 AM

NIFTY OUTLOOK:

Support seen near 10500

Despite the index slipping away from the 11000; significant activity was seen in both 11000 Call and Put strikes. Put shorts were covered from 11000 and fresh Call shorts were added. This is a major indication of the index is slipping further away from 11000 pivotal region. On this context second highest Put open interest held at 10500 strike will be the crucial support level of the index.

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SEBI Registration number is INH200000345

Geojit Financial Services Ltd.

Published on 23/08/2019 10:55:44 AM

F&O OUTLOOK

REVIEW:

Nifty index futures closed 1.83% lower at 10732.1 on Thursday. Open interest rose by 0.53 lakh and closed at 1.89 crores. Premium slumped from 13.95 and closed at a discount of 9.25. Nifty Call options witnessed hefty addition of shorts which induced a rise in open interest by 1.67 crores. This in turn dragged the PCR OI from 0.95 to 0.7. India VIX closed higher at 17.85 from 17.02.

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SEBI Registration number is INH200000345
 

Geojit Financial Services Ltd.

Published on 23/08/2019 10:47:44 AM

Nifty Outlook:

ifty Intraday View: Weakness should ideally prevail with immediate support at 10600. Any dip below 10600 could drag index to a short term support level of 10500. Upper extremity of the index has been lowered to 10980.

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SEBI Registration number is INH200000345
 

HDFC Securities

Published on 23/08/2019 10:30:14 AM

MARKETS TANK AS THE REALISATION DAWNS THAT THERE IS NO GOVERNMENT PUT - HDFC Securities

The markets prolonged wait for a fiscal stimulus has gone unrewarded. The speeches by various Government officials, do not hold any promise that some major stimulusis on the way. This means that there is no Government Put that the markets have been assuming.

This gloom manifested itself on Thursday in full force and the Nifty broke its low of 10,782 formed on 5th August.

There are no meaningful supports now. If you ask technical analysts, they will have logical support at 10,500 and 10,004. Others will have a psychological round figures.

But the real support in the markets comes from the Government by virtue of fiscal stimulus or allowing change in accounting policies or changing the investment rules and taxation policies.

The other help could come from valuations. Lower prices mean, attractive valuations and investors could come in. But in the present economic gloom, even those investors will think twice.

The other help could come from short sellers. When they start to book profits markets can bounce on short covering.

At this time, pressure could also come on such sectors which have not been impacted by the markets so far- the IT sector for instance. So use options to hedge your profitable investments or trades in such sectors.

Fridays can also act as a turn around.

The regulator Securities and Exchange Board of India on Wednesday eased the regulatory and compliance framework for foreign portfolio investors by broad-basing their classification and simplifying their registration, entry and know-your-customer norms in a bid to boost investments.

But this will take time. The Gift city is a good destinations for FIIs to move their Futures trade but cash markets are still a question mark.

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

GEPL Capital

Published on 23/08/2019 10:24:18 AM

*BANKNIFTY AUG FUT :

* 26850 (-164 i.e -0.62%) 
*HIGH :* 26994 *LOW :* 26615 *ATP :* 26741
*DYNAMIC PARAMETER :* INDEX has gapped down
*SUPPORT ZONE:* 26640 / 26500
*RESISTANCE ZONE:* 27050 / 27250

SEBI Registration number is INH000000081.
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GEPL Capital

Published on 23/08/2019 10:23:07 AM

*GEPL VIEW ON MARKET @ 10.30 AM:*

*NIFTY AUG FUT :

* 10731 (-1.60 i.e -0.02%) 
*HIGH :* 10745 *LOW :* 10646.75 *ATP :* 10692
*DYNAMIC PARAMETER :* INDEX trading near yesterday’s LOW
*SUPPORT ZONE:* 10670 / 10600  
*RESISTANCE ZONE:* 10790 / 10850


SEBI Registration number is INH000000081.
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Angel Broking Pvt Ltd

Published on 23/08/2019 9:40:08 AM

Nifty Bank Outlook - (27034)

The Nifty Bank index opened marginally lower in yesterday's session. With open high same, the index witnessed selling pressure and it crept lower throughout the session to end with a loss of almost 700 points.

The index continued the negative momentum in yesterday's session and even breached the swing low of 5th August. The momentum continues to be negative as many of the names from the sector witnessed deep cuts. The near term support for the index is now placed in the range of 26750-26650 which is the PRZ (Potential Reversal Zone) of a harmonic pattern. The index could witness a pullback move from the mentioned support and hence traders should be vigilant on the mentioned range. On the flipside, the immediate resistances for the index are seen around 27350 and 27535.

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Angel Broking Pvt Ltd

Published on 23/08/2019 9:39:57 AM

Sensex (36473) / Nifty (10741)

Yesterday as indicated by SGX Nifty our markets started on a mild negative note which was then followed by sell-off that continued throughout the session. On the weekly options expiry day, Intraday bounce got sold into and Index eventually ended with a loss of 1.62% at 10741.

On the daily chart, Index after consolidating within the trading range of 13th August for five consecutive sessions eventually broke the range on the downside which triggered a sharp selloff breaking major support levels with ease. Index has now broken below previous swing low of 10782 and the momentum is strongly gripped by bears. Having said that traders are advised not to be aggressive on short positions as the oscillators are placed in deep oversold zone and we are witnessing PRZ (Potential Reversal Zone) of a harmonic pattern in the range 10700 - 10740 which may trigger in between sharp bounce. As far as resistance is concerned 10800 - 10845 can now act as an immediate hurdle. Traders are advised to keep positions light and avoid undue risk.

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