Choice International Ltd

Published on 16/07/2019 10:38:49 AM

Nifty Outlook

* During Yesterday treading session, Index opened at 11614.75 after that the index traded in range bound movement B/W 11532-11581, however during 2nd half of the trading session, bullish movement seen in Index and finally settled at 11588.35.

* On a daily chart, the Index has taken support of its 100 Days Exponential Moving Average which indicate up side movement in the Index.

* On an hourly chart, the Nifty has trading inside its Rising wedge formation and also taken support of its lower band of this formation which indicate positivity in the Index.

* A daily momentum indicator RSI reading is at 41.65 level with a positive crossover, apart from this, the RSI is trending with its Upward Rising 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 11650 while downside support comes at 11520 level.

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GEPL Capital

Published on 16/07/2019 10:30:34 AM


* 30580 (+125 i.e -0.37%) 
*HIGH :* 30645 *LOW :* 30428 *ATP :* 30550
*DYNAMIC PARAMETER :* INDEX forming Inside day bar. 
*SUPPORT ZONE:* 30420 / 30300 
 *RESISTANCE ZONE:* 30700 / 30850  

SEBI Registration number is INH000000081.
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GEPL Capital

Published on 16/07/2019 10:29:07 AM



* 11625 (+47 i.e +0.40%) 
*HIGH :* 11642 *LOW :* 11570 *ATP :* 11616
*DYNAMIC PARAMETER :* INDEX near the key resistance of 11665. 
*SUPPORT ZONE:* 11570 / 11515  
*RESISTANCE ZONE:* 11665 / 11770

SEBI Registration number is INH000000081.
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Religare Securities Limited

Published on 16/07/2019 10:26:52 AM

Nifty Outlook

Nifty settled marginally higher amid volatility, extending its consolidation phase after the recent slide. It opened with an uptick in early trade, thanks to strong up move in Infosys post results however mixed macro-economic data and pressure in the banking space gradually pushed the index lower. Rebound in select index majors in the latter half helped the benchmark to settle with modest gains.

With no major event ahead, we feel earnings, progress of monsoon and global cues would dictate the trend ahead. We reiterate our bearish view on Nifty and suggest continuing with “sell on rise” approach. Stocks, on the other hand, may continue to witness volatile swings across the board thus we suggest keeping extra caution in stock selection and trade management. On sectoral front, banking and FMCG could lead the fall.

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HDFC Securities

Published on 16/07/2019 10:23:16 AM


Infosys single handedly drove the markets higher Monday amidst weakness in State owned banks stocks and a slowing Chinese Economy that reported its slowest growth in 27 years.

The Bengaluru based company did better than its ADR, rising 7.24%, contributing 49 points while TCS was responsible for another 10 points. The Nifty closed 36 points higher on account of drag by the laggards.

Pharma stocks were also in demand with Sun Pharma rising 3.74%. and the Nifty Pharma Index gaining 1%.

The markets seemed to have stumbled upon a good hiding place in the IT and the Pharma sectors, which act as storm shelters and also a hopping point for Markets when the Banking sector is not doing well.

The markets seemed to have got a hook to hang their hats on. Talking about international markets, the US indices have closed with modest gains Monday, off the day’s highs, but a record nevertheless. JP Morgan , Goldman Sachs, Morgan Stanley and Wells Fargo present their quarterly numbers later today in the U.S.

This earnings season analysts are forecasting a 3% decline in earnings for S&P 500 companies, based on preannouncements of potential earnings misses and possible upside surprises.

So our Wednesday opening will be decided by how well the U.S. markets close today in the U.S.

Coming back to our markets, DCB, Federal Bank And Hdfc AMC presents their quarterly report cards today.

Amongst stock moving news, Ashok Leyland has said that it's Pantnagar unit will remain closed from Jul 16 to Jul 24 on weak demand while Hdfc Bank board will mull a special dividend on account of its Silver Jubilee. Metals stocks could do well.

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

Ventura Securities Ltd

Published on 16/07/2019 9:17:50 AM

Dow+27, Nasdaq+14, Nikkei-160, SGXNifty 11582(-5). Yday FIIs-216cr in Cash,+941cr in FNO. DIIs+592cr in Cash. Tdy DHFL, IDBI, RelCapital, RelInfra in ban period in FNO. VENTURA

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HDFC Securities

Published on 16/07/2019 9:17:08 AM

Nifty-Support & Resistance - HDFC Securities

SUPPORTS: Technical Supports – 11530 – 11460.

RESISTANCES: Technical Resistances – 11640 – 11750.

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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 16/07/2019 9:01:15 AM

Technical outlook

Nifty daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 11550. The downside rally could be testing all the way up to 11400-11300 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 11700-11770 levels. Key resistance holds at 11770.

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Enrich Commodities India Pvt.Ltd

Published on 16/07/2019 9:00:49 AM


Pre-Market Tuesday! Asian market positive trading, Nifty50 on the SGX were trading lower at 11582.50 -4 points on indicating gap down opening for the NSE.

At the close in NSE, the Nifty 50 gained 0.31%, while the BSE Sensex 30 index climbed 0.41%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd, which rose 7.24% or 52.65 points to trade at 779.35 at the close. Sun Pharmaceutical Industries Lt

d. added 3.12% or 12.70 points to end at 422.95 and UPL Ltd was up 2.85% or 17.95 points to 647.40 in late trade.

Biggest losers included Indiabulls Housing Finance Ltd, which lost 4.35% or 29.00 points to trade at 638.95 in late trade. IndusInd Bank Ltd. declined 2.39% or 36.05 points to end at 1475.10 and Larsen & Toubro Ltd shed 1.83% or 26.85 points to 1440.60.

The breadth, indicating the overall health of the market, 1538 fell and 837 advanced, while 155 ended unchanged on the India National Stock Exchange.

Rupee desk: The USD/INR was down 0.01% to 68.545.


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Kedia Commodities

Published on 16/07/2019 8:45:54 AM


NIFTY FUT R: 11615 - 11685 - 11727 S: 11502 - 11460 - 11390

BANK NIFTY FUT R: 30779 - 30957 - 31066 S: 30492 - 30384 - 30205