Nifty 8114 /Sensex 26316/ Bank Nifty 18507
42 Advances /9 Declines/ 0 Unchanged
“Sensex up 456 pts, Nifty posts biggest 1-day gain in last 6 mths”
Spectacular rally on Friday helped equity benchmarks turned positive for the week as well as for the calendar year. On the first day of December series, the NSE Nifty closed above 8100 level and posted the biggest one-day gain in last six months, driven by in technology, HDFC Group and FMCG stocks
Value buying after more than 7 percent loss in November due to demonetisation & US elections and sharp recovery in rupee could be the reason for positive sentiment.
The 30-share BSE Sensex surged 456.17 points or 1.76 percent to 26316.34 and the 50-share NSE Nifty jumped 148.80 points or 1.87 percent to 8114.30. The broader markets also participated in the rally as the BSE Midcap and Smallcap indices gained 1.3 percent and 2 percent, respectively.
Dipen Shah of Kotak Securities says going ahead, the central bank meetings in India / US and the Italian referendum will be important triggers to watch out for.
Apart from this, markets will also try to gauge the medium term impact of the demonetisation scheme of the government, he feels.
The recent fall in markets has made led to size able losses in prices of several stock. Hence, Shah says one must identify fundamentally sound stocks and accumulate them with a long term perspective.
Vinod Nair of Geojit BNP Paribas Financial Services says now the market will focus over the possibility of a 50 basis points cut in repo rate by RBI in the next monetary policy.
FII/FPI & DII trading activity on NSE, BSE and MSEI
FII/FPI trading activity on NSE, BSE and MSEI on Capital Market Segment
The following is combined FII/FPI trading data across NSE, BSE and MSEI collated on the basis of trades executed by FIIs/FPIs
FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category: FII/FPI Date:25 Nov-2016 Buy Value 3849.34 Sell Value:4222.22 Net Value:-372.88
Domestic Institutional Investors trading activity on NSE, BSE and MSEI on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System
DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category: DII Date:25-NoV 2016 Buy Value 2695.81 Sell Value:1697.97 Net Value:997.84
Key Results Today
Abbott India
Cox & Kings
Hind Composites
Mahanagar Gas
Oil India
Sadbhav Engg
Timken
Triveni Engg
Valecha Engg
RESULT ANALYSIS & POLL
IMPORTANT RESULT: Mahanagar Gas
TECHNICAL LEVELS
Mahanagar Gas
CMP 770 Mahanagar Gas has immediate resistance at 780.
If 780 level is positively breached and sustained then next resistance seen at 794---799 mark else it could test its support level of 763 again. Close below 763 will take to 750. Break and close below 750 will make it positionally weak as lower support seen around 725--710 mark.
OUR RECOMMENDATIONS
Our call to Buy KSCL (FUT) around 392—390 proved great as it flared and made high of 402.25 before settling at 394.75 on closing. We booked profit around 402
[Profit of 18000 on 1 Lot]
Our call to Buy SRF(FUT) above 1490 proved great as it flared and made high of 1537 before settling at 1531 on closing. We booked profit around 1533
[Profit of 21500 on 1 Lot]
Our call to Buy Tech Mahindra 470 CE (option) around 12—10 proved great as it flared and made high of 29 before settling at 27.40 on closing. We booked full profit at 29
[Profit of 18700 on 1 Lot]
Our call to Buy Infosys 960 CE (option) around 18—16 proved great as it flared and made high of 43.55 before settling at 35.45 on closing. We booked full profit at 43
[Profit of 13500 on 1 Lot]
Now what to expect??
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Nifty and Bank Nifty future levels
-Nifty has immediate resistance at 8150 and support at 8080---8020
Sustain above 8150 will see further upside rally till 8190---8240 mark else it could test it's support level of 8080---8020 again.
-On the other hand....
Bank Nifty has immediate resistance at 18650. A move and sustain below 18650 will take bank nifty to 18900--19050 mark else it could test its support level of 18200 again.
Today's Top Pick
Traders can trade with levels only. More will update during market hours
More will update soon!!
