Geojit Financial Services Ltd.

Published on 18/07/2019 10:54:31 AM

Nifty Outlook:

Break of 11660 should ideally push index higher. However, moves may be restricted within the 11721/11783 region for the time being. Dips below 11660 would dilute positivity.

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SEBI Registration number is INH200000345

Angel Broking Pvt Ltd

Published on 18/07/2019 10:44:10 AM

Nifty Bank Outlook - (30735)

The Nifty Bank index opened on a positive note and traded with a positive bias yesterday to end with gains of over half a percent. In last few sessions, the index has consolidated in the range of 30870-30340. A short term directional move is expected only on a breakout from the above mentioned range. Hence, traders are advised to keep a tab on the above mentioned range and trade in the direction of the breakout.

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Angel Broking Pvt Ltd

Published on 18/07/2019 10:43:55 AM

Sensex (39216) / Nifty (11687)

The index opened marginally positive in yesterday's trading session and traded in a narrow range throughout the day to end tad below the 11700 mark.

In last few sessions, Nifty has seen a pullback move and has tested its '20 DEMA' in yesterday’s session. Although the index has given a pullback move of more than 200 points form the recent lows, it has been more of a stock specific movement and we have not yet witnessed any broad market participation. From a near term perspective, if the index manages to sustain above the 11700 mark, then it could continue this pullback move towards the recent gap area of 11770-11800 which also coincides with the 61.8% retracement of the recent corrective move. On the flipside, the immediate support is placed around 11530. Traders are advised to continue to trade with a stock specific approach and trade with a proper risk management strategy.

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GEPL Capital

Published on 18/07/2019 10:42:22 AM

*BANKNIFTY JUL FUT :

* 30674 (-66 i.e -0.21%) 
*HIGH :* 30745 *LOW :* 30613 *ATP :* 30667
*DYNAMIC PARAMETER :* INDEX is trading in a broader range of 30850 – 30300. 
*SUPPORT ZONE:* 30540 / 30420 
 *RESISTANCE ZONE:* 30780 / 30950

SEBI Registration number is INH000000081.
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GEPL Capital

Published on 18/07/2019 10:41:56 AM

 *GEPL VIEW ON MARKET @ 10.15 AM:*

*NIFTY JUL FUT :

* 11660 (-14 i.e -0.12%) 
*HIGH :* 11665 *LOW :* 11630 *ATP :* 11649
*DYNAMIC PARAMETER :* INDEX trading near yesterday’s LOW
*SUPPORT ZONE:* 11630 / 11570  
*RESISTANCE ZONE:* 11695 / 11770

SEBI Registration number is INH000000081.
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HDFC Securities

Published on 18/07/2019 10:02:49 AM

FALLING CRUDE COULD BELAY OUR MARKETS - HDFC Securities

The Dow Jones Transport Average slipped 3.6% yesterday prompting a selloff in all indices. The DJIA, S&P 500 and the Nasdaq slipped between 0.42% and 0.65%.

The fall in the Transprt Index came about after CSX, which operates in the East and South, loudly noted that economic uncertainty, caused in part by the trade disputes between the United States and China, aren't good for the railroad's business. In the U.S. the Railways are called Railroad.

It is important to note that while the Dow Jones Industrial Average made a new high this week, the Dow Transport Average has failed to do so. Dow Theory purists believe that unless the Transport Index also makes a new high, the DJIA’s rally will be suspect.

After the U.S. markets downed their shutters, Netflix shares plunged 11.97% in the extended session after the video-streaming giant badly missed projections for new paid subscriptions. As a result the U.S. markets are likely to open another 0.4% lower today in the evening.

Asian markets are mired in a sea of Red this morning with the Nikkei down more than 1.4% and the Shanghai Composite down 0.7%.

Despite the gloom seen in Asian markets, the SGX suggests only a 25 odd points cut in our Nifty at the open. The Rupee is likely to open flat.

Helping the markets put on a brave face this morning would be the fact that the Crude oil prices have dipped 1.5% yesterday and are further down 0.32% in electronic trade.

The Nifty did well to close 25 points higher at 11,688 after touching 11,706 intraday. Today is the weekly expiry of the index options. So expect some volatility. If the markets were to close even with minor gains today, it will be a big achievement, swimming against the international current.

Yes Bank’s reported a weak set of numbers yesterday. The concall that followed the results, failed to inspire confidence. The stock is likely to be under pressure from the word go. Wipro’s number also do no not inspire confidence.

Kotak and SBI were well placed. But the lower opening will shave some points everywhere, except airlines, paints and oil marketing companies.

The support and resistance for the Nifty remain unchanged at 11,600 and 11,770 respectively.

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

Religare Securities Limited

Published on 18/07/2019 9:50:26 AM

Nifty Outlook

The Indian equity markets ended on a positive note with the benchmark index Nifty closing higher by 25 points or 0.2% at 11,688 levels. The broader markets underperformed the benchmark with BSE Midcap and BSE Smallcap ending lower by 0.2% and 0.1% respectively. The sectoral indices witnessed mixed trend. While Consumer Durables, Oil and Gas and Auto ended with losses of around 0.4-1%, the other indices including FMCG, IT and Banking ended with healthy gains.

We expect the markets to remain choppy in the near term in the backdrop of weak domestic sentiments given the on-going economic slowdown. The monsoon has shown considerable improvement over the past 1-2 weeks which is positive for Indian economy. However, the progress of monsoon would be actively tracked by traders and investors. Further, earnings announcement by companies is likely to lead to stock specific volatility. On the global front, on-going geopolitical tensions between US-Iran could have a bearing on Indian markets as crude price have inched higher in the recent past and is likely to keep the market participants on edge.

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HDFC Securities

Published on 18/07/2019 9:49:28 AM

Nifty-Support & Resistance - HDFC Securities

SUPPORTS: Technical Supports – 11650 – 11530

RESISTANCES: Technical Resistances – 11750 – 11790.

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

Choice International Ltd

Published on 18/07/2019 9:35:43 AM

Bank Nifty Outlook

* BankNifty opened at 30622.25 and made intraday low at 30568.30, but recovered from days low and extended rally and hit day's high of 30799.70.The index closed 164.70 points higher at 30735.50.

* During the trading session, the BankNifty traded in a range bound movement between the range 30631-30744 which doesn’t indicate any particular direction for the time being.

* On a daily chart, the Index has good support of 30378 level along with a strong support of 50 Days Moving Average which shows a bounce back move in the Nifty

* A momentum indicator RSI and MACD both have shown positive crossover on the daily chart which adds more bullishness to the price

* Based on the above technical structure, we are expecting that the BankNifty may face an intraday resistance at 30865 while downside support comes at 30500 level.

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Choice International Ltd

Published on 18/07/2019 9:35:30 AM

Nifty Outlook

* Nifty remained range bound with a positive bias and closed marginally higher on July 17. The index traded in an extremely narrow range of 55 points as it tested its 50-Day Exponential Moving average and ended the session with a small bullish candle.

* On an hourly chart, the index has been trading inside in Rising Wedge Formation and about to dive breakout of its upper band of formation which indicates positive trend in the Index.

* Moreover, the index is trading above its 21*50 Days Moving Averages with positive crossover which point out positivity in the index.

* A daily momentum indicator RSI reading is at 48.46 level with a positive crossover, apart from this, the RSI is giving breakout of its falling trend line which points out for 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 11570 level.

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