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| Bank Nifty Options Weekly Expiry |
Stock Market News: Today the Indian benchmark Indices made a smart recovery after a sharp fall in the last hour. Almost all major indices Nifty, Sensex, Bank Nifty closed in green near the day high. Nifty ended today's session above 10850. The Indian indices ended higher in fourth straight session. Today market started on a positive note due to strong global cues. Asian markets were positive today as investors were optimistic about Trade talks between the US and China.
Private Banks, Automobile and Pharmaceutical sectors are the major gainers today, whereas some weakness was seen on PSU Banks, Metal and Energy sectors.
Today IndusInd Bank announced the 3rd quarterly result during the market hours, it was as per the expectation except for its exposure to IL&FS. Tomorrow TCS will declare its 3rd Quarterly result and on 11th Jan Infosys result will be announced. IT sector would be volatile in next two trading session.
Today's Top 5 Gainers and Losers :
| Top 5 Gainers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| Axis Bank | 670.05 | 650.9 | 19.15 | 2.94 | 676.90-477.50 |
| ITC | 290.7 | 284.2 | 6.5 | 2.29 | 322.70-251.30 |
| Tata Motors | 183.1 | 179.35 | 3.75 | 2.09 | 443.55-154.70 |
| Bharti Airtel | 335.15 | 328.85 | 6.3 | 1.92 | 535.00-277.00 |
| H D F C | 1,993.30 | 1,959.25 | 34.05 | 1.74 | 2,051.00-1,646.00 |
| Top 5 Losers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| Yes Bank | 186.4 | 192.3 | -5.9 | -3.07 | 404.00-147.00 |
| Tata Steel | 479.35 | 491.35 | -12 | -2.44 | 755.12-475.50 |
| O N G C | 145.55 | 147.4 | -1.85 | -1.26 | 212.90-134.75 |
| Hero Motocorp | 2,940.45 | 2,974.80 | -34.35 | -1.15 | 3,862.00-2,648.70 |
| NTPC | 146.15 | 146.95 | -0.8 | -0.54 | 179.85-134.50 |
Technical levels for tomorrow: Nifty and Bank Nifty
Nifty Technical Levels for 10-01-2019
Primary Trend: Volatility Remain High
Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 10950 whereas all down moves initiate Short Covering (Buy) @ 10800
If Nifty moves above 10890 then you should Buy with 1st Target of 10942.75 during the day with a Stop Loss of 10830 For the Target of 10942.75-10970-10995
If Nifty moves below 10850 then you should Sell with 1st Target of 10800 during the day with a Stop Loss of 10925 FOR the Target of 10800-10775-10750
Bank Nifty Technical Levels for Weekly Expiry 11-01-2019
Primary Trend: High Volatility
Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27875 whereas all down moves initiate Short Covering (Buy) @ 27650
If Bank Nifty moves above 27792 then you should Buy with 1st Target of 27920 during the day with a Stop Loss of 27625 For the Target of 27920-27990-28045
If Bank Nifty moves below 27710 then you should Sell with 1st Target of 27585 during the day with a Stop Loss of 27860 FOR the Target of 27585-27520-27455Conclusion:
Tomorrow is Bank Nifty weekly option expiry, the stock market will remain volatile throughout the day. Traders are advised to follow the global cues before placing any trade. Bank Nifty option traders should keep in mind the above levels for any trade.
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Happy Investing!
Happy Investing!
Finogyan Team
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