Market outlook 26th nov 2013


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Market outlook 26th nov 2013

  1. 1. 26-11-13 Daily Market Insight Technical ViewWe are in clear uptrend and we should ride the NIFTY and benchmark stocks on the long side. DO NOT SHORT NIFTY unless NIFTY closes below 6001/5950 mark. We have seen an average volume on NIFTY with a very small spread which normally would be indicating some sort of profit booking after a nonstop run up of 119.90 points. IT and PHARMA did not show any strength whereas MEDIA, METALS, PSU BANKS and REALTY sectors helped NIFTY to sustain at the current levels. Market is expected to open on a positive note and likely to remain range –bound during the day. We will only buy Nifty Outlook for the day future if crosses 6140 level. Above 6140 level it can go up towards 6180 – 6190 levels. Intraday traders can SHORT NIFTY only below 6115 level it can go down towards 6070 – 6050 levels. Two strong support on down side (i) 6070 , ( ii)6050 Fundamental ViewNIFTY traded in the flat to Positive territory for the whole day. In spite of flat move of NIFTY with average volumes, we have seen good strength in SMALLCAP and MIDCAP segment with almost a percentage gain from the previous day. © Copyright 2012, HBJ Capital Services Pvt. Ltd.
  2. 2. 26-11-2013 Daily Market Insight Derivative Info BUY BANKINDIA SELL JSWSTEEL BUYGODREJIND SELL YESBANK © Copyright 2012, HBJ Capital Services Pvt. Ltd.
  3. 3. 26-11-2013 Daily Market Insight Daily Market Insight is an Informative Newsletter, powered by STOPLOSSTRADE [ |] About STOPLOSSTRADE - A decade old financial advisory services firm with a vision to simplify the complex world of the financial markets. It provides a wide range of services nationwide to a substantial and diversified client base that includes retail clients, HNI’s, corporates and financial institutions. STOPLOSSTRADE is a 100% subsidiary of HBJ Capital Services Pvt. Ltd. Complete details can be found on [ | ] About HBJ Capital - HBJ Capital was founded in 2005 as an Equity research firm and currently has grown to become a Financial Services provider.HBJ Capital has core competencies in Equity Research, Corporate Consultancy and Private Equity. The company is one of the leaders in Equity research domain and provides services to retail clients, HNI’ s, FII’s, Hedge Funds and Brokerage partners. Complete details can be found on DISCLAIMER: This report has been prepared for private circulation and the content has been obtained from various sources believed to be reliable, but we do not hold ourselves liable for its completeness and accuracy. HBJ Capital Services Pvt. Ltd, STOPLOSSTRADE and any of its employees shall not be responsible for the content and actions taken on the basis of this content. This is not an offer to sell or solicitation to buy any securities. Users are advised to use the data for purposes of information only and rely on their own judgment while making investment decisions. © Copyright 2012, HBJ Capital Services Pvt. Ltd.
  4. 4. 26-11-2013 Daily Market Insight 080-6 999 999 2 [24X7] © Copyright 2012, HBJ Capital Services Pvt. Ltd. s