weekly equity report report.pdfthe stock may fall further if able to break this level and sustain...
TRANSCRIPT
;
Weekly Equity
Report
26-11-2018 [email protected] 8817002233
Nifty Weekly View Nifty has formed a bearish engulfing candlestick pattern on the weekly chart and is facing resistance near its 200-
day EMA resistance of 10,700. For the higher top-higher bottom trend setup to continue, Nifty has to give a close
above the 10,700-10,750 levels, post which, it could see an extension till 10,900. On the downside, support for the
index is seen at 10430-levels.
Weekly Chart
By Senior Researcher – Miss NamrataOtwani
;
8
Open interest for the week
G
Most Active Nifty option
Scrip Strike price Option type Open interest
Nifty 10500 PE 2978550
Nifty 10400 PE 2188725
Nifty 10600 PE 2071200
Monday Tuesday Wednesday Thursday Friday
24769350
24034200
23409075
22878000
-
www.starindiaresearch.com
Page 2 Weekly Newsletters
;
Bank Nifty Weekly View Bank Nifty, meanwhile, traded in a tight range and ended the week nearly flat after having witnessed a strong breakout above
its 200-day EMA in the previous week. There was a decline in momentum, which was indicated by the daily MACD-histogram.
Immediate resistance is seen at levels of 26,400, a close above which could see the index move towards 26,800-27,000-levels,
while support on the downside is seen in the range of 25,850-25,800-levels which coincides with its 200 day EMA.
Weekly chart
Open interest for the week
Monday Tuesday Wednesday Thursday Friday
1558300
1548420
1663680
1195280
-
www.starindiaresearch.com
Weekly Newsletters Page 3
;
Most Active Bank Nifty option
Weekly FII DII
FII RS CRORE
DATE GROSS PURCHASE GROSS SALE NET
PURCHASE/SALE 23-Nov-18 - - - 22-Nov-18 3402.36 2956.12 446.24 21-Nov-18 3237.55 4889.59 -1,652.04 20-Nov-18 3278.92 4032.09 -753.17 19-Nov-18 4750.06 3646.7 1,103.36
DII RS CRORE
DATE GROSS PURCHASE GROSS SALE NET
PURCHASE/SALE 23-Nov-18 - - - 22-Nov-18 2294.96 2245.28 49.68 21-Nov-18 3682.97 3076.24 606.73 20-Nov-18 2790.96 2835.02 -44.06 19-Nov-18 2894.59 3204.85 -310.26
Scrip Strike price Option type Open interest
Bank Nifty 26000 CE 600980
Bank Nifty 26000 PE 582340
Bank Nifty 26500 PE 263300
www.starindiaresearch.com
Weekly Newsletters Page 4
;
SECTOR SCAN
Sector % Chg Advance Decline Automotive -0.39% 35 44
Banking & Financial Services -1.01% 51 137
Cement & Construction -1.37% 38 53
Chemicals -0.20% 42 60
Conglomerates -0.57% 8 21
Consumer Durables -0.24% 3 7
Consumer Non-durables -0.50% 9 19
Engineering & Capital Goods -0.11% 44 80
Food & Beverages -0.40% 29 47
Information Technology -0.14% 46 49
Manufacturing -0.50% 92 102
Media & Entertainment 0.45% 21 22
Metals & Mining -1.46% 28 55
Miscellaneous -0.36% 50 96
Oil & Gas -0.87% 7 15
Pharmaceuticals -0.71% 31 54
Retail & Real Estate -0.83% 11 39
Services -0.31% 35 45
Telecommunication -2.01% 9 20
Tobacco -0.46% 0 4
Utilities -0.91% 12 12
Sectoral Indices:
Name %change NIFTY BANK -1
NIFTY AUTO -0.62
NIFTY FIN SERVICE -0.84
NIFTY FMCG -0.5
NIFTY IT -0.31
NIFTY MEDIA 1.42
NIFTY METAL -1.77
NIFTY PHARMA -0.78
NIFTY PSU BANK -1.5
NIFTY PVT BANK -1
NIFTY REALTY -1.35
www.starindiaresearch.com
Weekly Newsletters Page 5
;
NEWS CORNER
1. Jet Airways issues clarification, says media report indicating merger of Jet Privilege and Jet Airways was speculative. Meanwhile, company is in talks with investors to secure sustainable financing.
2. GMR Infra signed a concession agreement for developing a commercial port in Andhra Pradesh
3. GAIL: Deoghar, Sheikhpura, and Jamui districts will be included within the 50 geographical areas under the 10th bidding round of city gas distribution to be launched by PM Narendra Modi on November 22
4. Gujarat Ambuja Exports gets relief; National Green Tribunal (NGT) issues order stating that proceedings against the company’s maize processing unit at Uttrakhand have been dropped.
5. Deepak Fertilisers and Petrochemicals said normal operations had resumed fully as the I-T team conducting search and seizure operations left the company’s offices.
6. IL&FS Transportation: Interest due and payable on November 21 on NCD not paid due to insufficient funds.
7. The United States Court of Appeals issued a decision in favor of Dr. Reddy's Laboratories in the case vs. Indivior. This decision will now allow Dr. Reddy's to sell its generic version of Suboxone® (buprenorphine and naloxone) sublingual film. As a result of this ruling, Dr. Reddy's will resume its launch activities as soon as permitted.
www.starindiaresearch.com
Weekly Newsletters Page 6
;
STOCK OUTLOOK
VEDL FUT :- Stock is showing weakness and settled near to the its 52 weeks low support level.
The stock may fall further if able to break this level and sustain below this mark.
Stock performance
VWAP 554.88 Traded Volume 33568500
Traded Value (lacs) 3266400 Market Lot 1200
Weekly High 563.35 Weekly Low 532.30
Rating Matrix by Researcher
Rating SELL R1/R2 610/650 S1/S2 515/480 LEVEL 564.15
Stock in ban period
ADANIENT, ADANIPOWER, DHFL, JETAIRWAYS.
www.starindiaresearch.com
Weekly Newsletters Page 7
;
DISCLAIMER Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as
investment advice for a specific individual. The information and views in this website & all the services we provide
are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users
have the right to choose the product/s that suits them the most.
Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to
present the right investment perspective. The information contained herein is based on analysis and on sources
that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is
for personal information and we are not responsible for any loss incurred due to it & take no responsibility
whatsoever for any financial profits or loss which may arise from the recommendations above. The information
contained herein is from sources believed reliable. We do not represent that it is accurate, complete and it should
not be relied upon as such. Any action taken by you on the basis of the information contained in this site is your
responsibility only and we will not be liable in any manner for the consequences of such action taken by you.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or
Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If
found so then Serious Legal Actions can be taken.
By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by
the terms of the following disclaimer and user agreement
Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure
of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus,
communications line failure, and unauthorized access to the personal accounts. Research House is not responsible
for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-
receipt of registration details or e-mails.
You understand and agree that no joint venture, partnership, employment or agency relationship exists between
you and Research House as a result of this agreement or on account of use of our website.
Price and availability of products and services offered on the site are subject to change without prior notice. We
provide information about the availability of products or services to a certain extent but you should not rely on
such information. Star India will not be liable for any lack of availability of products and services you may order
through the site.
www.starindiaresearch.com
Weekly Newsletters Page 8