Nifty opened at 17417.30 without much of a gap, initially prices went down for the first hour of trading found intraday support near 17350 and recorded its intraday low at 17351.70, the nifty then started moving on the upside, the rallied continued for the rest of the day prices recorded its intraday high at 17564.35 minor dips were quickly bought into, The index finally closed at 17536.25 near its day high wit a gain of 121.20 points or 0.70% down. Oil&Gas , Realty, Pharma and Media have contributed on the upside and ended with gain of more than 1%. Banks, Auto and financials have seen minor decline and ended lower.
Since the support is holding so we should be looking for a buying opportunity on any sign of strength , that sign may be breakout above 17600, hence the idea is to buy on a breakout above 17600. In case of a gap up above 17600 we should apply the first 15 minutes rule, however if the index did not move up and fell then we should be buying on a dip at 17350. In either case keep a stop loss of 110 points and target of 240 points
Bank Nifty opened at 37362.05 with a marginal gap up, the index first saw decline and recorded its intraday low at 37362.35 , prices then moved up and that rally did not sustain long , another up move came in the afternoon and index recorded its intraday high at 37507.95, prices have seen minor decline and finally closed at 37382.25 with a gain of just 36 points. Within the index in term of points Kotak contributed the highest and ICICI bank contributed the lowest.
Last two days were sideways and today index closed near the opening tick with marginal gain when compared to yesterday. We have mentioned a support near 37000 while the resistance is above 38000, a breach on either side is a trading opportunity in the same direction . We should take trade in the direction of breakout.
|APOLLOHOSP||5701||BUY||The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be buy with a stop loss of 5600 and for the target of 5840.|
|TITAN||2397||BUY||The immediate trend of the script is bullish. There is a positive cross over of moving averages as well as of the indicators therefore it can be buy above 2405 with a stop loss of 2380 and target of 2480.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATASTEEL||1160 PE||BUY||40||CMP||25||70||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|VEDL.Nov 25||368.8||6.77||2.1||25032500||SIEMENS.Nov 25||2177.85||-4.15||5.4||225500|
|APOLLOHOSP.Nov 25||5741.1||6.46||34.74||559000||INDIGO.Nov 25||2073||-3.46||18.96||660500|
|RELIANCE.Nov 25||2497||6.03||16.59||9662500||METROPOLIS.Nov 25||2948.05||-2.75||11.88||423800|
|TORNTPHARM.Nov 25||2985.9||5.98||12.66||202500||AUBANK.Nov 25||1189.1||-1.47||0.59||1361000|
|PIIND.Nov 25||2982.7||3.03||15.82||344000||PVR.Nov 25||1549.65||-1.26||6.6||722832|
|Short Covering||Long Unwinding|
|NTPC.Nov 25||135.45||0.04||-8.87||9256800||IPCALAB.Nov 25||2022.9||-2.13||-11.72||496350|
|STAR.Nov 25||504.35||0.1||-4.35||964575||FSL.Nov 25||171.7||-2||-11.13||1827800|
|BAJAJFINSV.Nov 25||17414.25||0.11||-14.56||169050||HINDPETRO.Nov 25||318.5||-1.82||-2.16||6485400|
|L&TFH.Nov 25||79.15||0.19||-1.01||21810256||HAL.Nov 25||1353.8||-1.61||-13.57||477850|
|ALKEM.Nov 25||3327.35||0.23||-11.64||59200||AMARAJABAT.Nov 25||625||-1.47||-1.03||2502000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Siemens Ltd||2154.85||-5.34||2153505||0||26.64||Nifty 50||17536.25||0.7||80202|
|Metropolis Healthcare Li||2947.45||-2.8||138374||0||18.48||Nifty Bank||37364.75||-0.21||80202|
|Hindustan Petroleum Corp||316.1||-2.47||4110270||0||39.55||Nifty it||35300.25||0.96||80202|
|Firstsource Solutions Li||171.95||-1.83||3276676||0||32.47||Nifty Fmcg||38259.75||0.21||80202|
|Ipca Laboratories Ltd.||2024.45||-1.77||1162078||0||48.04||Nifty Mnc||19206.6||0.2||80202|
|Hindustan Aeronautics Li||1352.55||-1.7||713739||0||45.55||Nifty Pharma||13566.5||1.18||80202|
|Amara Raja Batt Ltd||624.2||-1.63||881940||0||42.74||Nifty Pse||4017.4||-0.07||80202|
|Indian Oil Corp. Ltd.||125.65||-1.53||6387962||0||41.95||Nifty Services Sector||24724.55||0.23||80202|
|Britannia Ind Ltd.||3573.4||-1.38||232784||0||45.11||Nifty Realty||525.7||1.95||80202|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth and Loan Growth on 26th November, 2021
INR: FX Reserves, USD on 26th November, 2021
|•USD: Pending Home Sales (MoM) (Oct) on 29th November, 2021|
|•The Centre on Thursday asked all states and union territories to conduct rigorous screening and testing of all international travellers coming from or transiting through South Africa, Hong Kong and Botswana, where a new Covid-19 variant of serious public health implications has been reported.
•Fitch Ratings has affirmed Bharti Airtel’s long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘. The outlook on the IDR is negative, Fitch Ratings said in a statement. Fitch has also affirmed Bharti Airtel International (Netherlands) BV’s senior unsecured guaranteed bonds at ‘BBB-‘ and Network i2i Limited’s subordinated perpetual bond at ‘BB’.
•India’s top fast moving consumer goods makers Hindustan Unilever Ltd., (HUL) and ITC LTd., have taken price hikes on select variants of soaps and detergents citing higher input costs. HUL has increased the price of Wheel detergent powder by 3.4% on its 1 kg pack, CNBC TV 18 reported on November 25. This would result in a hike of ₹2, the news channel reported citing sources. A price hike has been initiated on a 500-gram pack of Wheel. It has also increased prices on packs of Rin detergent bar and Lux soaps.
•Housing Development Finance Corporation (HDFC) Ltd on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on private placement basis to augment its long-term capital.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|JANUSCORP||Increase in Authorised Capital||26-Nov-21||SAURASHCEM||General||26-Nov-21|
|NAVODAYENT||Increase in Authorised Capital||26-Nov-21||TPINDIA||Quarterly Results||26-Nov-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INDOUS||29-Nov-21||Bonus issue 1:5||SHEETAL||01-Dec-21||E.G.M.|
|KOTIC||29-Nov-21||E.G.M.||TIGERLOGS||01-Dec-21||Interim Dividend – Rs. – 1.0000|
|RVNL||30-Nov-21||Final Dividend – Rs. – 0.4400||APOLLOPIPES||02-Dec-21||Bonus issue 2:1|
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