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Daily report 6 dec
- 1. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 1
- 2. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 2 At close, the Sensex was down 70.70 points at 40,779.59, while Nifty was down 24.80 points at 12,018.40. About 1111 shares have advanced, 1339 shares declined, and 188 shares are unchanged. Zee Entertainment, TCS, ITC, L&T and Britannia Industries were among major gainers on the Nifty, while losers were JSW Steel, Coal India, Bharti Airtel, In- dusInd Bank and Tata Steel. GLOBAL MARKETS INDICES VALUE % change DJIA 27,649.78 0.53 S&P 500 3,112.76 0.63 NASDAQ 8,566.67 0.54 FTSE 100 7,187.81 -0.01 DAX 13,180.18 0.30 CAC 40 5,848.98 0.85 NIKKEI 23,300.09 0.71 HANGSENG 26,217.04 0.59 MARKETS AT A GLANCE INDIAN MARKETS INDICES VALUE CHANGE % CHANGE NIFTY 12018.40 -24.80 -0.21 SENSEX 40779.59 -70.70 -0.17 BANKNIFTY 31713.00 -266.30 -0.83 INDIAN SECTORIAL INDICES INDICES % change NIFTY AUTO -0.68 NIFTY FIN SERVICE -0.37 NIFTY FMCG 0.29 NIFTY IT 1.27 NIFTY MEDIA 2.95 NIFTY METAL -2.31 NIFTY PHARMA -0.86 NIFTY PSU BANK -1.8 NIFTY PVT BANK -0.79 NIFTY REALTY 0.18 MARKETS’ SUMMARY
- 3. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 4 Torrent Power Ltd: The company is reducing its debt-equity ratio with a focus on the im- provement of efficiency. Moreover, improvement in T&D, focus on green power project and commissioning of renewable power plants would give good strength to the company. Ashok Leyland: The auto sector has underperformed for the last few quarters as demand slowdowns, sharply impacting the financial performance of automobile companies. A rate cut could provide some compensation and improve the volume trajectory of the play- ers in both urban and rural markets. DLF: The realty sector is sensitive towards RBI rate cuts. DLF has already restructured its business model and starting a new asset creation cycle for both its development and rental businesses. This rate cut will help boost up liquidity for developer as well as will boost the consumer demand. Tata Motors:Within Auto, Tata Motors is showing fresh signs of strength as the stock closed the day confidently above its 200 DEMA with a positive crossover in its daily RSI. Ultratech Cement Ltd:The government's commitment to reviving the economy and the thrust on infrastructure spending augurs well cement demand.The company, with its pres- ence across all the zones in the country, is best positioned to take advantage of the revival in cement demand. As seen earlier, the management’s ability to turn around acquired assets provides confidence in the company and the management expects a similar performance with Century assets. Marico Ltd: The company will continue to drive sustained profitable volume-led growth over the medium term through its focus on strengthening the franchise in the core categories and driving the new engines of growth towards gaining critical mass. Over the medium term, the company retains the target of 8-10 percent volume growth and healthy market share gains in the India business. DAILY NEWS
- 4. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 3 Losers of the Day Symbol CMP % change JSWSTEEL 250.65 -3.52 COALINDIA 195.9 -3.38 BHARTIARTL 449.15 -2.65 TATASTEEL 399 -2.52 INDUSINDBK 1,508.80 -2.3 52 Weeks’ High Symbol LTP Change % change AAVAS 1,757.80 -79.75 -4.34 AGROPHOS 137.2 1 0.73 BIOFILCHEM 10.2 0.45 4.62 CSBBANK 298.8 -1.25 -0.42 CURATECH 1.85 0 0 52 Weeks’ Low Symbol LTP Change % change AARVEEDEN 11.8 -0.55 -4.45 AIRAN 10.7 0.2 1.9 ALCHEM 0.75 0 0 APARINDS 436.5 -7 -1.58 APCOTEXIND 162 -1.35 -0.83 Gainers of the Day Symbol CMP % change ZEEL 298.75 6.18 TCS 2,120.20 2.01 ITC 247 1.58 LT 1,301.10 1.25 BRITANNIA 3,085.00 1.17 OI Spurts Symbol Change in OI % Change in OI HCLTECH 9,938 106.46 TATAELXSI 1,464 76.21 BANKNIFTY 3,70,523 47.16 IGL 700 27.39 EQUITAS 1,320 26.04 Volume Shockers Symbol Volume DVL 1,59,651 DHUNINV 36,170 NPBET 7,500 INDORAMA 5,57,771 MASFIN 2,15,095 FMGOETZE 1,17,352 NDGL 2,075 MOVERS & SHAKERS
- 5. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 5 FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of con- tracts Amt in Crores No. of con- tracts Amt in Crores No. of contracts Amt in Crores INDEX FUTURES 34296 2592.25 42922 3328.38 153633 13115.40 INDEX OPTIONS 5546113 390665.97 5553066 391156.29 549250 46370.65 STOCK FUTURES 219995 12755.73 211080 12362.53 1588295 95547.44 STOCK OPTIONS 71174 4569.01 70554 4524.38 50246 2792.57 788.62 RBI REFERENCE RATE INR / 1 USD 71.31 INR / 1 EURO 79.02 INR / 100 Jap. YEN 65.44 INR / 1 POUND Sterling 93.66
- 6. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 6 1. MIND TREE FUTURE : (BUY) 1. GRASIM FUTURE (SELL) PIVOT LEVELS R2 R1 PIVOT S1 S2 785.23 774.22 757.18 746.17 729.13 MINDTREE FUTURE :IN DAILY CHARTS A BULLISH WIDE RANEG CAN- DELSTRICK PATTERN IS FOMRED AND DOUBLE BOOTOM BREAKOUT GIVEN , THE TREND IS BULLISH ,MAJOR RESISTANCE LEVEL 770BREAK THE STOCK GOING UP ANDAND UPPER MAJOR SUPPORT LEVEL 755 , RSI GIVES BUY SIGNALS . BUY MINDTREE IN FUTURE ABOVE 760 TGT 770/780 SL ABOVE 747 GRAISM FUTURE :ITS DOWN TREND IN DAILY CHARTS A SHOOTING STAR CAN- DELSTRICK PATTERN IS FOMRED AND DOUBEL TOP PATTERN BREAKOUT IS GIV- EN AND RANGE BREAKOUT GIVEN . AND MAJOR SUUPORT LEVELS 768, RSI GIVES SELL SIGNALS . SELL GRASIM IN FUTURE BELOW 668 TGT 660/650 SL ABOVE 678 PIVOT LEVELS R2 R1 PIVOT S1 S2 799.33 786.67 779.03 766.37 758.73 TECHNICAL RECOMMENDATIONS
- 7. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 7 TECHNICAL VIEW : GRASIM LTD( SELL) TECHNICAL VIEW: MINDTREE LTD CASH (BUY ) PIVOT LEVELS R2 R1 PIVOT S1 S2 798.83 784.87 775.88 761.92 752.93 GRAISM LTD :ITS DOWN TREND IN DAILY CHARTS A SHOOTING STAR CANDEL- STRICK PATTERN IS FOMRED AND DOUBEL TOP PATTERN BREAKOUT IS GIVEN AND RANGE BREAKOUT GIVEN . AND MAJOR SUUPORT LEVELS 768, RSI GIVES SELL SIGNALS . SELL GRASIM IN CASH BELOW 668 TGT 660/650 SL ABOVE 678 MINDTREE LTD :IN DAILY CHARTS A BULLISH WIDE RANEG CANDELSTRICK PATTERN IS FOMRED AND DOUBLE BOOTOM BREAKOUT GIVEN , THE TREND IS BULLISH ,MAJOR RESISTANCE LEVEL 770BREAK THE STOCK GOING UP ANDAND UPPER MAJOR SUPPORT LEVEL 755 . BUY MINDTREE IN CASH ABOVE 760 TGT 770/780 SL ABOVE 747 PIVOT LEVELS R2 R1 PIVOT S1 S2 785.97 773.48 755.52 743.03 725.07 TECHNICAL RECOMMENDATIONS
- 8. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 8 3. NIFTY FUTURE (SELL ) 4. BANK NIFTY FUTURE (SELL ) PIVOT LEVELS R2 R1 PIVOT S1 S2 12,151.35 12,097.55 12,062.20 12,008.40 11,973.05 NIFTY FUTURE: IN DAILY CHARTS BEARISH SHOOTING STAR REVERSE CANDELSTRICK PATTERN FORMED AND MAJORS SUPPORT LEVEL 12000 AND UPPER SIDE RESISTANCE LEVEL 12100 .NIFTY GOING DOWN IF ITS 12000 MAJOR SUPPORT ,RSI IS SELL SIG- NALS . SELL NIFTY IN FUTURE BELOW 12000 TGT 11970/11820 SL ABOVE 12100 BANKNIFTY FUTURE: IN DAILYS CHARTS BEARSIH PIERCING DARK CLOUD COVER CANDELSTRICK PATERN FOMRED AND MA- JORS RESISTANCE LEVEL 32000 AND MA- JORS SUPPORT LEVEL 31700 ,ITS MAJOR SUP- PORT LEVEL ITS GOING DOWN SIDE ,RSI IS SELL SIGNALS. SELL BANK NIFTY FUTURE BELOW 31700 TGT 31600/31500 SL ABOVE 31850 PIVOT LEVELS R2 R1 PIVOT S1 S2 32,342.60 32,030.30 31,867.65 31,555.35 31,392.70 TECHNICAL RECOMMENDATIONS
- 9. Daily Report FRIDAY DEC 6 2019 URL: www.tradenivesh.com Call Us On : + 91-9039261444 Page: 9 PREVIOUS DAY’S PERFORMANCE CALL SEG- MENT ADVISE ENTRY TGT SL STATUS NIFTY INDEX SELL 12100 12180/12300 12000 SL TRG BANKNIFTY INDEX SELL 32100 32140/32340 31900 HIT FIRST TGT INFY LTD CASH SELL 710 718/728 700 MAKE A HIGH 715.90 TATASTEEL LTD CASH SELL 410 415/420 404 SL TRG INFY FUTURE SELL 712 720/728 702 MAKE A HIGH 717.80 TATASTEEL FUTURE SELL 412 417/424 406 SL TRG DISCLAIMER This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an in- vestment in the securities of the companies referred to in this document including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading vol- ume. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not be in any way responsible for any loss or damage that may arise.