Contact Us | Log In
Search
Sensex: 33322.3 -20.50 Gold: Rs.29678.00
Nifty: 10281 -2.60 Silver: Rs.39919.00
Nifty: Intraday resistance is placed at 10367 / 10413 - IndiaNotes.com
Nifty: Intraday resistance is placed at 10367 / 10413
Way2wealth | Published: 13 Nov, 2017  | Source : IndiaNotes.com

Nifty Spot


On Friday, we witnessed significant volatility in our market as both the counter parties were trying to pull the index in their favour. As a result, we saw several swings in Nifty and the Nifty index concluded the session with a nominal gain of 0.12%. Once again the bulls respected the 10260 / 10235 zone which has now drawn further attention as Nifty rebound sharply after testing the said zone. On an hourly chart, the Friday’s high was precisely coincided with the hourly 45-EMA. For the day, 10367 / 10413 are the intraday hurdle whereas 10276 / 10230 are the immediate support.


Bank Nifty Spot


The Friday’s move of Nifty Bank index was in line with our expectation as index witnessed decent rally backed by the sharp surge in PSU Banking stock which outperformed the index by gaining 4.32%. In the process, index eventually ended with a gain of 0.82%. Looking at the hourly chart, the Bollinger band has started expanding and index hugged the upper band of Bollinger band. Now, the recent all-time high of 25696 likely to act as an immediate hurdle above which index will rally towards 25860. Lower side, 25320 / 25120 are the near term support.


Stocks For Today


Name                         Entry                       Target         Stop loss


JKTYRE                 Buy At cmp 149.75         158             147

BHARATFORG       Buy Around 706               740           692.50

BANKBARODA      Buy Around 168.50          178              163

  Read full report Click here to read the full report


About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

 

For more information please write in to editor@indianotes.com

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.