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KIFS Trade Capital

Published on 14/11/2019 10:17:39 AM

Nifty

The benchmark index continued its downtrend for third consecutive session and slipped below 11900 level. The overall market sentiment was weak as the economic growth data was disappointing. Technically, as mentioned in previous report nifty index moving in clear uptrend on lower and higher time frame. If we look mainly on hourly price chart we notice currently trend was escalating in upward moving channel where the bears were seen testing support of 11850 level if bears manage to close below the support level we may see further rally towards southern trajectory.

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HDFC Securities

Published on 14/11/2019 9:46:36 AM

Markets on a slippery Wicket HDFC Securities

Though the Dow and the S&P 500 have closed at new highs, the NASDAQ was down as the uncertainty grew on the signing off the Sino-American trade deal. Asian markets, which closed weak Wednesday are further under pressure on weak economic data emanating out of China.

China’s industrial production grew by 4.7% YoY against 5.8%. India and China – twin engines of global growth are stuttering.

Over the past week, global stocks have surged as optimism that by December 15 tariffs would be delayed. That hope gradually morphed into broader expectations for the removal of all existing tariffs. Investors are getting ahead of themselves. President Trump has pushed back on this expectation, reflecting the hawkish view of many of his key trade advisers.

The Nifty lost 73 points to close at 11,840. The Nifty’s close can be considered weak as it closed below the 11,850 mark. The highest puts in the Nifty have been written at the 11,800 mark for the series and for the weekly settlement they were written at 11,750. This indicates lack of confidence with calls continue to be written at 12,000 mark.

Expect Domestic Oil giant ONGC to report dismal numbers – 12% decline in top line and 21% fall in profits. Bharti may report flat revenue growth and net loss of Rs 1287cr for the quarter and its ARPUs are expected to be subdued at 3.5% lower at Rs 124

Retail inflation rises to 4.62% in October on costlier food items

India's retail inflation surged to 4.62 percent in October, breaching Reserve Bank of India's medium-term target of 4 percent, latest price data released by the Central Statistics Office (CSO) on November 13 showed.

The inflation based on Consumer Price Index (CPI) was 3.99 percent in September and 3.38 percent in October 2018.

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

Enrich Commodities India Pvt.Ltd

Published on 14/11/2019 9:43:41 AM

Technical outlook

Nifty daily chart has formed "Rising wedge" pattern. The last few sessions ended up sideways in trend after a gap up formation inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11800. The downside rally could be testing all the way up to 11650 level in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 12000 level. Key resistance holds at 12000.

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Enrich Commodities India Pvt.Ltd

Published on 14/11/2019 9:43:10 AM

NIFTY MORNING OUTLOOK

Pre-Market Thursday! Asian market positive trading, Nifty50 on the SGX were trading higher at 11882.50 +17.50 points on indicating gap up opening for the NSE.

At the close in NSE, the Nifty 50 fell 0.61%, while the BSE Sensex 30 index lost 0.57%.

The biggest gainers of the session on the Nifty 50 were Britannia Industries Ltd, which rose 4.85% or 151.20 points to trade at 3269.75 at the close. Tata Consultancy Services Ltd. added 3.71% or 78.05 points to end at 2178.60 and Reliance Industries Ltd was up 2.89% or 41.30 points to 1472.30 in late trade.

Biggest losers included Yes Bank Ltd, which lost 5.68% or 4.15 points to trade at 68.20 in late trade. GAIL Ltd declined 4.83% or 6.30 points to end at 123.85 and Zee Entertainment Enterprises Ltd. shed 4.65% or 14.20 points to 290.55.

The breadth, indicating the overall health of the market, 1534 fell and 902 advanced, while 157 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was up 0.37% to 72.045.

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Choice International Ltd

Published on 14/11/2019 9:39:56 AM

Bank Nifty Outlook

* The benchmark BankNifty Index ended with negative note on Wednesday , closing day at 30541.55 the day with a net loss of 574 points (-1.62%).

* On a daily chart, the Index has formed big bearish candle with above average volume activity which negativity in the Index for up coming treading session.

* On an hourly chart, the Index has been trading below its 21 “Hours Exponential Moving Average“ which indicate downside movement in the Index.

* Moreover, the Index price has moved below lower “Bollinger Band” which suggests bearish rally will continue further for near term.

* Furthermore, the Index has given a breakdown of its Lower band of “Rising Wedge Pattern” which indicate negativity in the Index.

* Based on the above technical structure, we are expecting that the BankNifty may face strong resistance 30900 while downside support comes at 30300 level.

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Choice International Ltd

Published on 14/11/2019 9:39:39 AM

Nifty Outlook

* Nifty remained under selling pressure throughout the session and declined nearly 73 points to close near 11840.45. The index formed a bearish candle on daily scale with high volume activity which points out negativity in the Index.

* On an hourly chart, the Index has reversed from 11905.91, which is a “23.60 % Retracement level” of its previous pullback and shifted below 50% Retracement Level which shows southward movement in the Index.

* Moreover, the Index has been trading below its “21 and 50 Hours Simple Moving Averages” with negative crossover which show negative breath in the Index.

* Furthermore, the Index has been given breakdown of its “Rising Trend Line” and also closed below this line which negativity in the Index.

* A daily momentum indicator RSI reading is at 35.06 level with a “negative crossover”, apart from this, RSI is reversing after testing its over-bought zone which points out for a negative breath in the stock.

* Based on the above technical structure, we are expecting that the Nifty may face strong resistance 11900 while downside support comes at 11700 level.

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Religare Securities Limited

Published on 14/11/2019 9:11:33 AM

Nifty Outlook

The Indian markets ended the session on a weak note led by negative global cues. The Nifty index ended lower by 0.6% at 11,840 levels. The broader markets too witnessed selling pressure as both BSE midcap and smallcap ended with losses of 0.8% and 1.1% respectively. On the sector front, except IT and Consumer Durables which ended with marginal gains, all the indices ended with losses wherein Metal, Banking and Realty were the top losers.

Going forward, we continue to maintain our cautious stance on Indian markets as weak domestic growth and uncertain global cues is likely to weigh in on sentiments. The last leg of earnings announcement is also expected to induce volatility into the markets. Further, the release of CPI data scheduled today would also be on investor’s radar. 

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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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Kedia Commodities

Published on 14/11/2019 8:54:30 AM

KEDIA: EQUITY DAILY LEVELS     

NIFTY FUT     
RESIST:  11931 - 11999 - 12041
SUPPORT:  11821 - 11779 - 11711

BANK NIFTY FUT     
RESIST:  30989 - 31392 - 31617
SUPPORT:  30361 - 30136 - 29732

Kedia Commodities

Published on 14/11/2019 8:54:13 AM

KEDIA: MARKET UPDATE:         

Indices    Rate    % Chg
NIKKEI:      23319.87    -0.85
HANGSENG:      26571.46    -1.82
STRAITS:      3239.22    -0.87
SHANGHAI:     3112.76    0.21
JAKARTA:     6142.50    -0.62
DOW JONES:     27691.49    0.00
NASDAQ:     8486.09    0.26
S&P 500:     3091.84    0.16
CAC 40:     5891.38    -0.48
DAX:     13177.36    -0.80
FTSE 100:     7328.24    -0.51