Choice International Ltd

Published on 11/11/2019 9:55:50 AM

Nifty Outlook

* The Nifty opened lower at 11,987.15 but managed to show some recovery in the afternoon and hit the day's high of 12,034.15. But immediately the index erased the gains and fell sharply to hit an intraday low of 11,888.75. It closed 103.80 points lower at 11,908.20.

* On a daily chart, the Index has confirmed “Hanging Man Candlestick” which is reversal formation suggests southward movement in the stock.

* On an hourly chart, the Index has been retreat from its upper band of “Ascending Triangle Pattern” with an the volume activity is also very appealing during the trading session which indicates down side movement in the Index.

* Moreover, the Index has been trading below its 21 & 50 hours “Simple Moving Average” which show negativity in the Index.

* A daily momentum indicator RSI reading is at 64.62 level with a negative crossover which points out for a negative breath in the Market.

* Based on the above technical structure, we are expecting that the Nifty may face strong resistance 12050 while downside support comes at 11840 level.

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KIFS Trade Capital

Published on 11/11/2019 9:46:48 AM

Bank Nifty

In bank nifty bulls continued the walk on Friday’s trading session by gaining 0.38%. If we do a sectoral analysis for last trading session private bank were outperformer the bank index while PSU Banks was major underperform with loss of 1.89%. Technically, on daily price chart bank index manage to give intermediate trend line breakout 30300 level. Here if the bulls manage to sustain above 30300 level we may see further escalation towards northern trajectory where the current resistance may act as support. Investors are advised to buy on dips.

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KIFS Trade Capital

Published on 11/11/2019 9:46:32 AM


On last trading session the nifty index gave up its efforts to scale up and witnessed a scale down after the news on global tension on Iranian drone attack. The overall market breadth was weak with maximum index closing in red. Technically, the key benchmark index is moving in clear uptrend on lower and higher time frame. If we look mainly on hourly price chart we notice current trend moving in upward moving channel where the line of defense for bulls is placed near 12100 level while the defense line for bears is placed near 11850 level.

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Religare Securities Limited

Published on 11/11/2019 9:42:16 AM

Nifty Outlook

Markets traded volatile and settled with a cut of nearly a percent tracking mixed cues. Among the benchmark indices, Nifty traded sideways to positive in the first half, taking cues from the noticeable surge in the banking and financials majors. However, the news that credit rating agency, Moody’s, lowering India’s outlook to negative from stable not only capped upside but also triggered sharp decline in the benchmark in the latter half.

We expect profit-taking to extend further in the index and 11,700 would act as crucial support ahead. Despite the overall buoyancy, we usually see stocks reacting sharply lower during corrective phase of the index thus we suggest keeping few short positions also.

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Arihant Capital Markets Ltd

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


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.

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Ventura Securities Ltd

Published on 11/11/2019 9:19:45 AM

Dow+6, Nasdaq+41, Nikkei-48, SGXNifty 11912(-35). On Fri, FIIs+932cr in Cash,-78cr in FNO. DIIs-584cr in Cash. Tdy no security in ban period in FNO. VENTURA

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Kedia Commodities

Published on 11/11/2019 9:19:28 AM


RESIST: 12032 - 12118 - 12168
SUPPORT: 11896 - 11847 - 11761

RESIST: 31074 - 31389 - 31680
SUPPORT: 30469 - 30178 - 29863

Kedia Commodities

Published on 11/11/2019 9:18:25 AM


Indices Rate % Chg
NIKKEI: 23391.87 0.26
HANGSENG: 27651.14 -0.70
STRAITS: 3264.30 -0.65
SHANGHAI: 3112.76 0.21
JAKARTA: 6177.99 0.20
DOW JONES: 27674.80 0.66
NASDAQ: 8434.52 0.28
S&P 500: 3085.18 0.27
CAC 40: 5882.18 -0.15
DAX: 13270.95 -0.14
FTSE 100: 7387.87 -0.25

LKP Securities

Published on 11/11/2019 8:48:14 AM

Index closed a week at 11908 on flattish note forming doji star candle pattern on weekly chart and evening star kind of candle pattern on daily chart hinting a negative reversal if managed to sustain below the lows of previous week. Index showed profit booking from strong resistance of 12000-12025 odd levels hinting we may see some more cuts if index continued to trade below its immediate resistance of 11950 zone, good support for index is coming near 11850-11800 zone if managed to sustain above said levels then we may see some consolidation in coming weeks. Nifty bank has support near 30550-30350 zone and resistance is coming near 30900-31100 zone.

Angel Broking Pvt Ltd

Published on 8/11/2019 10:46:33 AM

Nifty Bank Outlook - (30633)

Following the positive momentum from the previous session, Bank Nifty Index started on a positive note. This was followed by an intraday dip however this dip got bought into and after a range bound session, the bank index ended with marginal gains at 30633.

Technically not much has changed and the bank index has sustained well above the trendline resistance. Going ahead, the bias remains positive and we expect the bank index to head towards 31000-31335 in the near term. Traders are hence advised to use dips as a buying opportunity as what we saw yesterday. Immediate support is placed around 30400-30260 levels.

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