Daily

Daily Market Update Report 11-10-2017


On 10/10/2017 markets opened higher traded in a narrow range throughout the day to close in green. On the sectoral front Capital Goods, Power and Telecom ended on the gainers side whereas Realty and FMCG ended on the losing side. The advance decline ratio was in favour of advancing counter (Advances = 1591/Declines = 1134).

Pattern Formation: On the daily chart, we are observing two consecutive Doji candlestick patterns which suggest that markets are cautious at current level.   

Outlook: We maintain our stance that markets are circumspect at current level. In coming trading session if Nifty trades above 10045 level then it is likely to test 10080 – 10120 levels. On the downside, 9950 – 9900 may act as support for the day.    

Since prices have traded 10028 levels, there is high probability that Nifty may test 10092 – 10280 in couple of days. 

Click here to view full report

Tags: Nifty Technical OutlookNifty50 Technical LevelsGuru CallsOpen Interest FiguresFIIs & DIIs Data


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

Daily Currency Market...

HIGHLIGHTS: The U.S. dollar...

Read More

Daily Market Update...

Sensex ended with a net gain...

Read More

Daily Market Update...

On the Daily Chart, we are...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: India's Palm Oil...

Read More

Daily Currency Market...

HIGHLIGHTS: The dollar...

Read More

Axis Bank - Q2FY18...

Axis Bank Ltd. reported major...

Read More

DCB Bank - Q2FY18...

DCB Bank Ltd. reported strong...

Read More

Bajaj Auto - Q2FY18...

Bajaj Auto reported Q2 net...

Read More

POSITIONAL CALL CIPLA

POSITIONAL CALL: BUY...

Read More

Persistent Systems -...

Persistent systems USD...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.