Today Market Prediction

FRIDAY 

18-OCT-2019

 

Some PROFIT Booking maybe seen-11430 is the key to Hold

FLAT to NEGATIVE  MARKET

 

Today’s Market Prediction:

  • Indian Stock Market would open FLAT
  • Technically,Nifty is still in positive zone whereas BankNifty has entered into negative zone

  • The index formed a Bullish Candle daily charts.
  • India VIX fell by 2.95 percent at 15.87 levels
  • Rupee ends at day's high; post biggest single session gain since Sept 27
  • Indian corporates in liquidity preservation mode: Credit Suisse
  • SEBI board may consider hiking PMS investment limit to Rs 50 lakh, tighter norms for auditors
  • Oil prices steady
  • Yes Bank - board meeting on November 1 to consider and approve the financial results for the period ended September 30, 2019
  • Tata Steel - board meeting on October 24 to consider and approve the financial results for the period ended September 30, 2019
  • NIIT - board meeting on October 24 to consider and approve the financial results for the period ended September 30, 2019

 

Stocks in the NEWS:

  • Cyient Q2: Consolidated net profit up 8.5% at Rs 97.5 crore versus Rs 89.9 crore, revenue up 6.4% at Rs 1,158.9 crore versus Rs 1,089 crore, QoQ
  • L&T Infotech Q2 net profit down 10% at Rs 360.4 crore
  • South Indian Bank Q2: Net profit up 20.5% at Rs 84.5 crore versus Rs 70.1 crore, NII up 15.4% at Rs 584.3 crore versus Rs 506.5 crore, YoY
  • Automotive Stampings appoints Jitendraa Dikkshit as chief executive officer of the company w.e.f. October 17, 2019
  • NTPC plans to raise Rs 711 crore from international markets
  • Cipla acquires Elores from Venus Remedies for less than Rs 100 crore: Source
  • Alicon Castalloy signs multi-year Contracts aggregating Rs 810 crore with leading Global OEMs
  • Dewan Housing Finance reports Q2 net loss of Rs 242 cr
  • Bajaj Finance - board meeting on October 22 to consider revision in the $750 million approved for ECBs by way of loan and/or issuance of secured/unsecured notes, bonds, debenture, etc

Market lndication:

Global: FLAT  to NEGATIVE

NIFTY: FLAT  to NEGATIVE

BANKNIFTYFLAT  to NEGATIVE

BULK Deals: Reliance Capital Limited, Yes Bank, RBL Bank limited, Indiabulls Hsg Fin

Stocks In F&O Ban PeriodNil  

Results Today: Reliance Industries, Ambuja Cements, ICICI Lombard, L&T Finance Holdings, L&T Technology Services, Visa Steel, Sasken Technologies

 

SGX NIFTY (Negative)

11566      -38.50     -0.33%

 

FII-DII: FIIs were net buyers of Rs.1158 crores whereas DIIs were net sellers of Rs.511 crores in cash market for last trading session.

NIFTY (11586): The support for the Nifty is: 11484-11382-11300 and the resistance to the up move is at: 11643-11701-11750 levels.

BANKNIFTY (28989): The support for BankNifty is: 28635-28280-28000 and the resistance to the up move is at 29196-29403-29610 levels.

 


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Disclaimer: Investment in equity shares has its own risks. This material is for educational information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise.