The document provides a technical analysis of the top 5 moving stocks and index pivot levels for Nifty 50 and Nifty Bank on November 20th, 2017. It also summarizes that Indian equity benchmarks rallied after Moody's upgraded India's sovereign rating but ended lower due to corrections in technology stocks. Nifty closed at 10,283.60, up 68.80 points. It further mentions that Reliance General Insurance signed a bancassurance agreement with Yes Bank and that India Inc praised Moody's rating upgrade as a reaffirmation of government reforms.

1. 20th
NOV 2017

2. TOP 5 MOVERS
NAME RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
HDFC 1735.20 1718.70 1703.50 1687.00 1671.80
CIPLA 621.35 613.55 607.10 599.30 592.85
MARUTI 8450.27 8393.63 8305.82 8249.18 8161.37
TATAMOTORS 427.17 424.43 420.72 417.98 414.27
ICICIBANK 335.45 330.00 326.90 321.45 318.35
INDEX PIVOT LEVELS
INDEX RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
NIFTY 50 10373.97 10328.78 10298.42 10253.23 10222.87
NIFTY BANK 26022.97 25875.68 25777.62 25630.33 25532.27
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3. TECHNICAL VIEW ON NIFTY
Equity benchmarks rallied sharply after Moody's upgraded India's sovereign rating, but ended off day's
highs due tocorrection in technology stocks. The 30-share BSE Sensex was up 235.98 points or 0.71
percent at 33,342.80 and the50-share NSE Nifty gained 68.80 points or 0.67 percent at 10,283.60.
About 1,590 shares advanced against 1,149declining shares on the BSE. Reliance General Insurance
Company (RGI), a subsidiary of Reliance Capital has signed acomprehensive Bancassurance -
Corporate Agency agreement with Yes Bank, further augmenting its distributionnetwork. Giving a
thumbs-up to Moody's rating upgrade, India Inc today said the move is a reaffirmation of
thegovernment's reforms push that will boost foreign capital inflows and lead to overseas borrowings
at better rates.India's credit
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