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Arihant Capital Markets Ltd

Published on 14/11/2019 9:03:27 AM

DAILY MARKET UPDATE REPORT 14-11-2019

Nifty opened higher but were unable to sustain the opening hour gains and selling emerged in the latter half of the session which led the indices to close in red. On the daily chart we are observing that the prices have closed below the low of the bearish evening star candlestick pattern and have also closed below the upward slopping trendline (shown above in the graph). This suggests weakness.

In coming trading session if Nifty opens in the range of 11869 - 11886 then, go short, with a stop loss of 11915 for a target of 11810 – 11793 - 11763 levels.

SEBI Registration No.- INH000002764
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Arihant Capital Markets Ltd

Published on 13/11/2019 8:56:46 AM

DAILY MARKET UPDATE REPORT 13-11-2019

Nifty opened lower in wake of weak global clue but recovered all its losses in the latter half of the session which led the indices to close marginally in green. On the daily chart we are observing that price have taken support at the upward sloping trendline (shown above in the graph) and formed a narrow range body formation. We maintain our stance that the daily trend is still up and at lower level buying is likely to emerge.

In coming trading session if Nifty opens in the range of 11903 - 11882 then, go long, with a stop loss of 11860 for a target of 11931 – 11963 - 11998 levels.

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

Arihant Capital Markets Ltd

Published on 11/11/2019 9:21:03 AM

DAILY MARKET UPDATE REPORT 11-11-2019

Nifty opened lower initially traded with positive bias but witnessed selling pressure in the latter half of the session which led the indices to close in red. On the daily chart we are observing a candlestick pattern that resembles a bearish Evening star. The said pattern will get activated once Nifty trades and close below 11888. The daily trend is still up and at lower level buying is likely to emerge.

In coming trading session if Nifty opens in the range of 11890 - 11850 then, go long, with a stop loss of 11800 for a target of 11942 – 11963 - 11998 levels.

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

Arihant Capital Markets Ltd

Published on 8/11/2019 9:17:17 AM

DAILY MARKET UPDATE REPORT 08-11-2019

Nifty opened higher traded with choppiness but finally managed to close in green. On the daily chart we are observing a Doji candlestick pattern which suggests indecisiveness prevailing at current level. We maintain our stance that the undertone in the market is positive and stock specific activity is likely to continue.

In coming trading session if Nifty opens in the range of 11994 - 11965 then, go long, with a stop loss of 11950 for a target of 12029 – 12040 - 12058 levels.

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

Arihant Capital Markets Ltd

Published on 7/11/2019 9:08:39 AM

DAILY MARKET UPDATE REPORT 07-11-2019

Nifty opened lower initially traded with negative bias but smart recovery from day’s low was witnessed in the latter half of the session which led the indices to close in green. On the daily chart we are observing that prices on intraday basis breached 12000 level but have closed below it. However the current price clearly indicates that the undertone in the market is positive and stock specific activity is likely to continue.

In coming trading session if Nifty opens in the range of 11930 - 11900 then, go long, with a stop loss of 11880 for a target of 12001 – 12024 - 12059 levels.

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

Arihant Capital Markets Ltd

Published on 6/11/2019 9:06:18 AM

DAILY MARKET UPDATE REPORT 06-11-2019

Nifty opened higher but were unable to sustain early hour gains which led the indices to close in red. On the daily chart we are observing that prices are facing strong resistance at the supply zone of 11900 to 12000 . We reiterate our stance that there is no sign of weakness but a consolidation or a minor correction from current level cannot be ruled out.

In coming trading session if Nifty opens in the range of 11889 - 11844 then, go long, with a stop loss of 11850 for a target of 11944 – 11961 - 11989 levels.

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

Arihant Capital Markets Ltd

Published on 5/11/2019 9:04:31 AM

DAILY MARKET UPDATE REPORT 05-11-2019

Nifty opened higher traded in a narrow range with positive bias to close in green. On the daily chart we are observing a Doji candlestick pattern within the supply zone of 11900 to 12000 (shown above in the graph). This suggests indecisiveness prevailing at current level.  We maintain our stance that there is no sign of weakness but a consolidation or a minor correction from current level cannot be ruled out.

In coming trading session if Nifty opens in the range of 11912 - 11889 then, go long, with a stop loss of 11845 for a target of 11969 – 11980 - 12005 levels.

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

Arihant Capital Markets Ltd

Published on 4/11/2019 9:01:08 AM

DAILY MARKET UPDATE REPORT 04-11-2019

Nifty opened on a subdued note traded in a narrow range with mild positive bias to close in green. On the daily chart we are observing three consecutive spinning top candlestick patterns which give small clue that the preceding up move is losing breath. However, we maintain our stance that there is no sign of weakness but a consolidation or a minor correction from current level cannot be ruled out.

In coming trading session if Nifty opens in the range of 11872 – 11860 then, go long, with a stop loss of 11850 for a target of 11908 – 11918 - 11936 levels.

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

Arihant Capital Markets Ltd

Published on 1/11/2019 8:59:48 AM

DAILY MARKET UPDATE REPORT 01-11-2019

Nifty opened higher traded in a narrow range with choppiness but finally managed to close in green. On the daily chart we are observing two consecutive spinning top candlestick patterns which give small clue that the preceding up move is losing breath. However, we maintain our stance that there is no sign of weakness but a consolidation at current level cannot be ruled out.

In coming trading session if Nifty opens in the range of 11855 – 11821 then, go long, with a stop loss of 11800 for a target of 11898 – 11911 - 11932 levels.

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

Arihant Capital Markets Ltd

Published on 31/10/2019 9:01:45 AM

DAILY MARKET UPDATE REPORT 31-10-2019

Nifty opened higher traded in a narrow range with positive bias which led the indices to close in green. On the daily chart we are observing a spinning top candlestick pattern which gives small clue that the preceding up move is losing breath. However, there is no sign of weakness but a consolidation at current level cannot be ruled out.

In coming trading session if Nifty opens in the range of 11806 - 11782 then, go long, with a stop loss of 11760 for a target of 11867 -11881 - 11905 levels

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