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    15 views3 pages

    Daily Research Report 2511251120

    Uploaded by

    Raggy

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    © All Rights Reserved
    Download as PDF or read online from Scribd
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    EQUITY BAZAAR | 2s" November 2020 x Choice ‘Trends on SGX Nifty indicate a positive opening for the index in india. The Nifty futures, were trading with again of 58 points at 13,140 on the Singaporean Exchange. es USS. stocks rallied on Tuesday and the Dow breached the 30,000 level forthe first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress andthe _ SENSEX 44,523 1.00% formal clearance for President-elect}oe Biden’ transition tothe White House. NIFTY 13,055 0.98% The Dow Jones Industrial Average rose 454.97 points of 1.54%, t030.086.24 the SBP 500 SEX Nifty 13,140 0.44% {gained 57.82 points, or 1.62%, to 3,635.41 and the Nasdaq Composite added 156.15, " points, or 1.31%, to 12,036.73, Asian stocks made early gains on Wednesday, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a [qRyINMIN a) dramatically improved global outlook DowJones 30,046 1.51% Australia’ S&PIASK 200 rose 0.77% and japan's Nikkei 225 gained 1.16% in earl trading Hong Kong's Hang Seng index futures rose 0.24%. E-mini futures for the S&P 500 rose NASGAQ 12,036 1.30% 1 7%and MSCs broadestindexofAsia-Pacficshares ousideJapanrose0.36% FISE 5432 1.52% US. cil edged lower on Wednesday, after an industry report showed crude stockpiles in the United States rose against expectations, temperinga rally driven bynewsthat another LDAK ES oe vaccine against COVID-19 had proved effective in trials. Straits Times 2,919 0.96% Global artines'osses are expected to hit $1185 bilion in 2020 and $38.7 bilion in 2021, | Nikkei225" 26,624" 1.7296 which are deeper than te losses forecastin June asthe second half of thisyear has been very disappointing, atop official ofthe international Air Transport Association (ATA) said HangSeng 26,877 1.08% on Novernber 24, US consumer confidence fell more than expected in November likely as a widespread surge in new COVID-19 infections and business restrictions outweighed encouraging news on vaccines, The Conference Board's consumer confidence index dropped toa Se NOVTe> TTY reading of 96.1 this month from 101.4 in October. Economists polled by Reuters had forecast the index falling to a reading of 98 in November, The index was at 1326 in _ GOld 48,575 -1.87% February. Silver 59,730 -1.33% China's premier Li Keqiang said on Tuesday he expects economic activity in the countty Natural Gas 214 1.87% can return to a reasonable range next year, after the impact ofthe coronavirus pandemic ’ on GDP growth in 2020. Crude Oil 3,334 4.17% “China's economy this year can achieve positive growth, and we expect next year (economic) operations can recover to a reasonable range," Li told a news conference with leaders of six major international economic and financial organisations, including the World Bankand international Monetary Fund, LL Ss Non-banking finance companies (NBFCs) are highly cautious in responding tothe recent Dollar/Rupee — 74.01 -0.12% proposals from an RBl-working group on the conversion of large NBFCS into banks. One of the recommendations of the RBI working group was that well-run large NBFCs, with an | EUFO/RUpee 88.14" 0.07% asset size of Rs50,000 crore and above, including those which are owned by a corporate Pound/Rupee 98.95. -0.03% house, maybe considered for conversion into banks. ‘Adani Enterprises, Federal Bank, NALCO, SAIL and Tata Motors are under the F&O ban for November 25. Securities in the ban period under the F&O segment include companies in which the securityhas crossed 95 percent of the market-wide position limit. Cash BSE 3,707 alae rE Cash NSE 66,399 GEOL Nas 12480.89 7,918 4563.18 VOLUME RS. CRORE (CASH) ia Ed PTS IMM NET} 3954.39 6,477 -2522.11 ‘Sources: Bloomberg, Moneycontrol Zeebusnes Liveming Se SEBI Regi fered - Research Analyst | www.choiceindia.com | *Please refer disclaimer on website 20DEMA 12476 100 DEMA 11623 200 DEMA 11230 R 13092 13129 13185 S 12999 12943 12906 © After a gap up opening at 13002.60 levels , Index managed to sustain above 13000 mark and made alife time high at 13079.10 level © A daily momentum indicator RSI reading is at 75.29 level with a positive crossover and managing to sustain at overbought zone which points out positive breath in the Index. 2 On an hourly chart, the Index has been trading with a positive crossover of 21*50 Hourly Moving Average which shows a Bullish movement in the Index. 9 Ona Four Hourly Chart, the Index has formed Bullish Marabozu Candlestick Pattern which points out strength for further upside. 9 Atpresent level, the index has support at 12900-12980 zone while upside resistance comes at 13150 levels Porras 20DEMA 27451 100 DEMA 24359 200 DEMA 24729 R 29947 30158 30515 S 29379 29022 28811 © The bank nifty also showed strength throughout the day and closed at 29796.40 with the gain of 772.20 points 2 Adaily Momentum Indicator RSI & MACD both are reading with positive crossover which suggest strength for upside. © Ona daily Chart, The index has formed Bullish marabozu Candlestick pattern which suggest further upside levels. © Onan hourly chart, the Index has been above 21850 Hourly Moving Averages which shows a Bullish movement in the Index © Based onthe above technical structure, we are expecting a support at 29000 while resistance comes at 30000-30200 levels. SEBIR *Please refer dis EQUITY BAZAAR > Choice a a A a aC aC ADANIPORTS 392 a6 08300378 Buy ASIANPAINT 2 DOES EAS EO ET ETE TCS STS SE AXISBANK 619 —658SCSC«G:=C*«a:C“i«‘izO:SC*«i SC SCISCSCpSSC BAAFAUTO 309532283159, 3127 «30903058 30212952 Up uy BAAIFINSY seco 9250 9037 -~=«g953~=«gB2=S740~=s6t]~=«39BSCUpSS uy BAJFINANCE 4807 4997 4905 4856 4813, 4764 4721 4629 Down Sell BHARTIARTL 47% 4G ~=SC«aGCt«iST(C*:C«GCSCTSCSCGGSCSCSGSCown Sl rc. 300/415) aod) 387) 39338638370 Down sell BRITANNIA, 3571 3688, 3626 +3599 +3565, +3537 3504 +3443 Up. Buy crus 749768758758 748 TST a7 py COALINDIA 123 O725SCDC:«iK:C*C«aCSC*«SCS*«DSSC Sel DIVISLAB. 3540 3782 +3665 3602 3548 +3485 3431 3314 Down Sell DaREDDY 45345195 S041 4987 «4887833732578 Up uy eIcHERMOT 2689 2914«2790=«2739=«2665 «2514540 Up Buy GAIL 100 107 104 102 101 99 97 94 Down Sell Gras ass eed 8708387 ABS vicuTecH ser 8898675485 «83Z_S«B3_S«B8OD.—~SéDown sel HDFC 2220 2359 2297 2258 2234 2196 2171 2109 Down Sell HOFCEANK i4as=tté 473 1489=S1430=«C181G=1387 1348S Up uy HDFCLIFE 666 691 676 671 661 656 646 631 Up Buy HEROMOTOCO 3076 3212 3144 3110 3076 3042 3008, 2940 Down Sell HINDALCO 226 21232) 2D aah aD. 21S 207 HINDUNIVR —=«2158=—=«2224=2186=S«2172-~=«2N47~—=«2133-—~=«109-~=«2070=SsUp SB IcicleANK am a4 486 aaa 68 Sy INDUSINDK 856 900 ~=«7G=~C*«iSGSC<“<«*aTSC*«‘iSC*«wGSC«S:SC*C«t#SS Cy iney 1401186 t1641152 1481131 tat 1100 own sal ioc ee ite 496/206) 2000198494192 tg tas Up Buy JSWSTEEL 341 355, 347 344, +339 336 331 323 Up. Buy KOTAKEANK 1928 203819801958 192218961865 1807 Up By ir 1137«1168=1152,=S1145—=S136—=1129—~=SCTHTS1T05.—=SsUpS uy M&M 727 805, 766 746 726 707 687 643, Up. Buy aRUT m4 7451~=«7292~=«O7216~=«7133—~=«*OS7~=«GTSCBTS SUS uy NESTLEIND 1763518478 1810717871735 1750017364 16993, Down Sel rec oa OGSC

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