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GEPL Capital

Published on 22/10/2019 10:56:23 AM

*GEPL VIEW ON MARKET @ 10.45 AM:*

*NIFTY OCT FUT :* 11646 (-24 i.e -0.20%) 
*HIGH :* 11692 *LOW :* 11641 *ATP :* 11669
*DYNAMIC PARAMETER :* Index trading above yesterday’s high
*SUPPORT ZONE:* 11600 / 11550
*RESISTANCE ZONE:* 11695 / 11750

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

GEPL Capital

Published on 22/10/2019 10:55:53 AM

*BANKNIFTY OCT FUT :

* 29372 (215 i.e 0.76%) 
*HIGH :* 29514 *LOW :* 28851 *ATP :* 29389
*DYNAMIC PARAMETER :* Index trading near  yesterday’s high
*SUPPORT ZONE:* 29150 / 28900
*RESISTANCE ZONE:* 29500 / 29725

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

Choice International Ltd

Published on 22/10/2019 10:45:29 AM

Bank Nifty Outlook

* During 1st half of the trading session, the index give good upside movement after wards during 2nd half of the trading session, the index trade in range bound movement but trend still positive we expect the bull side movement in the index. The index closed 0.45 percent higher at 29,120.25.

* The Index formed a “Bullish Candle” on daily as well as weekly scale with above average volume activity which shows a strong buying interest in

* Moreover, the Index has been taken support of its 100 Days Simple moving average which indicates a bounced back movement in the Index.

* A daily momentum indicator RSI reading is at 55.86 level with a positive crossover that points out for a positive breath in the Market.

* Based on the above technical structure, we are expecting that the BankNifty may face strong resistance 29310 while downside support comes at 28840 level.

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Choice International Ltd

Published on 22/10/2019 10:44:42 AM

Nifty Outlook

* The Nifty50 opened lower at 11,580.30 and hit an intraday low of 11,553.15, but index remain rebounded in 2 nd trading session. The index hit an intraday high of 11,684.70 and closed 75.50 points higher at 11,661.90.

* On a weekly chart, the Index has formed “Big Bullish Candle” with above average volume activity which show positivity in the Index.

* On a daily chart, the Index has given breakout of its “Upper Band of Falling Wedge Formation” which show bounced back movement in the Index.

* Moreover, the Index has good support of 11408 level along with a strong support of “100 Days Moving Average” which shows a bounce back move in the Nifty.

* A daily momentum indicator RSI’s reading is at 63.83 level with positive crossover, apart from this, the RSI has been trading in a “Broadening Rising Wedge Formation” which shows a positive breath in the Index.

* Based on the above technical structure, we are expecting that the Nifty may face strong resistance 11710 while downside support comes at 11550 level.

Click Here - https://bit.ly/2JaGyOA

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

HDFC Securities

Published on 22/10/2019 10:43:09 AM

INFOSYS COULD WEIGH ON THE NIFTY HDFC Securities

Infosys is likely to tumble in the morning trade in reaction to the 12% slide overnight in its ADR.

This is likely to weigh on the Nifty, in which it has a significant 6% weight.

Good results from Reliance and HDFC Bank that reported on Friday and Saturday respectively, could belay the Nifty.

Better than expected Gross Refining Margins of $ 9.4 a barrel helped Reliance compensate for the lower margins in the Petchem business. Strong growth momentum in Telecom and Retail business and lower taxation allowed the behemoth to post its highest quarterly profit ever.

The stock, which is cruising at an all-time high is likely to attract more buying. As the investment phase for its telecom and retail business gets over, the company is likely to be re-rated over the period of time as it metamorphoses into a consumer company from a commodity one. The next trigger for the company would be when the Saudis put in their money in the 20% stake in the refining business.

With more oil MNCs expected to throw their hat in the ring for BPCL, the stock could be firm.

Five Nifty majors, Asian Paints, Axis Bank, Bajaj Finance, Bajaj Finserve and Kotak Mahindra Bank present their quarterly numbers today.

The Rupee cold open stronger by about 25 paise and the Nifty could open about 25 points lower.

As the markets consolidate, traders should take it easy. If the 11,700 mark is crossed, it will trigger a fresh bout of short covering that can take the Nifty to the 12,000 mark.

Click Here - https://bit.ly/2N4V8Z5

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

Geojit Financial Services Ltd.

Published on 22/10/2019 10:41:15 AM

Nifty Outlook: More upside expected

FIIs’ increase in position option bets, and the monthly contracts witnessing shifting of call shorts in ITMs to call longs in OTMs is a positive sign, when also read along with the put short addition. However, the unwinding of index future longs signals caution. To this end, 11700 which has attracted maximum call OI may act as a resistance for now.

Click Here - https://bit.ly/33PKH25

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

Geojit Financial Services Ltd.

Published on 22/10/2019 10:40:58 AM

F&O OUTLOOK

Review

Nifty Oct futures closed positive at 11670 with a gain of 0.59% on Friday. Open interest declined by 4.02 lakh shares indicating short build up in the markets. Nifty premium declined to 8.15 points from previous day's 14.3 points. Hefty addition of Nifty Call options caused the Put-Call ratio to slip from last day's 1.58 to 1.44. After three days of downfall, the volatility index, VIX rose slightly by 0.31% to end at 15.9275.

Click Here - https://bit.ly/33PKH25

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

HDFC Securities

Published on 22/10/2019 10:39:41 AM

Nifty-Support & Resistance HDFC Securities

SUPPORTS: Technical Supports – 11550 – 11510.

RESISTANCES: Technical Resistances – 11695 – 11750.

Click Herehttps://bit.ly/2p2HNIK

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

 

Geojit Financial Services Ltd.

Published on 22/10/2019 10:36:44 AM

Nifty Outlook:

Positive day saw Nifty moving towards 11700 and closed near the day's high. Overall construct still remains positive but a week long upmove seems to have been stretched a bit too far and could bring in some profit booking. So fresh longs may be initiated on dips towards 11540 and 11450 levels. If NIfty manages to move past 11710 and closing basis, we could see a move towards 11980.

Click Here - https://bit.ly/31DMhCO

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

Religare Securities Limited

Published on 22/10/2019 9:12:57 AM

Nifty Outlook

Markets remained firm and gained over half a percent, in continuation of the prevailing recovery phase. The beginning was downbeat, tracking weak global cues but buying interest in the select index majors helped the benchmark to inch higher as the day progressed. Mostly sectoral indices participated in the move wherein metal and PSU banks also witnessed decent rebound.

We may see some consolidation in Nifty after the recent surge while movement on the stock-specific would continue. In the absence of any major event, global cues and earnings will continue to dictate the market trend. The underperformance of the banking index is still a concern and will be closely tracked. We suggest preferring index majors and select midcap for short term trading

Click Here - https://bit.ly/2ME3Put

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