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| Bank Nifty Weekly Options Expiry 17th Jan |
Stock Market Today: Nifty and Sensex ended flat today whereas Bank Nifty gained 82.95 points ahead of weekly option expiry. Asian Markets after a strong rally on Tuesday were traded in mixed today morning. With softer WPI, CPI inflation data in December Indian stock market looks stronger now. RBI Policy which is due on 7th February can also change its policy stance to 'Neutral' from 'Calibrated'.
Since last two days IT, Pharma, Banks, and Energy sectors are trading in positive zone whereas Metals, Auto and FMCG sectors were down. Yes Bank has become the most active stock in last two trading session after the Deutsche Bank's Mr. Ravneet Gill join the race to succeed Rana Kapoor. Today other active stocks are Wipro, IndusInd, Infosys, RIL.
Tomorrow, Reliance will announce its Q3 result and it is expected to announce a strong set of earning of its conglomerate business retail, telecom, and petrochemical. HUL, Federal Bank would also announce their Q3 result tomorrow.
Top 5 Gainers and Losers in Nifty Today
Top 5 Gainers and Losers in Nifty Today
| Top 5 Gainers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| Yes Bank | 208.35 | 203 | 5.35 | 2.64 | 404.00-146.75 |
| Indiabulls Hous. | 829.6 | 808.85 | 20.75 | 2.57 | 1,440.00-639.05 |
| IndusInd Bank | 1,526.70 | 1,495.20 | 31.5 | 2.11 | 2,038.00-1,333.15 |
| Wipro | 336.55 | 329.8 | 6.75 | 2.05 | 343.95-253.50 |
| B P C L | 347.25 | 341.7 | 5.55 | 1.62 | 494.00-238.55 |
| Top 5 Losers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| JSW Steel | 286.45 | 292.1 | -5.65 | -1.93 | 427.55-265.60 |
| Bharti Infra. | 275.85 | 279.75 | -3.9 | -1.39 | 378.50-242.25 |
| Bajaj Fin. | 2,569.85 | 2,604.20 | -34.35 | -1.32 | 2,994.00-1,511.20 |
| Vedanta | 196.3 | 198.9 | -2.6 | -1.31 | 355.70-186.65 |
| UPL | 766.1 | 775.95 | -9.85 | -1.27 | 828.50-537.25 |
Technical levels for tomorrow: Nifty and Bank Nifty
Nifty Technical Levels for 17-01-2019
Primary Trend: Sideways ( Bias Up)
Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 10992 whereas all down moves initiate Short Covering (Buy) @ 10860
If Nifty moves above 10942 then you should Buy with 1st Target of 10975 during the day with a Stop Loss of 10905 For the Target of 10975-10997-11033
If Nifty moves below 10890 then you should Sell with 1st Target of 10852 during the day with a Stop Loss of 10928 FOR the Target of 10852-10825-10792
Bank Nifty Technical Levels for 17-01-2019
Primary Trend: Sideways ( Bias Up)
Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27690 whereas all down moves initiate Short Covering (Buy) @ 27380
If Bank Nifty moves above 27592 then you should Buy with 1st Target of 27642 during the day with a Stop Loss of 27520 For the Target of 27642-27680-27732
If Bank Nifty moves below 27515 then you should Sell with 1st Target of 27460 during the day with a Stop Loss of 27560 FOR the Target of 27460-27420-27380
Conclusion:
The market is Sideways to Up, tomorrow is Bank Nifty options weekly expiry so Bank Nifty will remain volatile for the day. RIL and HUL Q3 result would come tomorrow so traders should be cautious about Nifty. Traders should also track global market before taking any position.
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Happy Investing!
Finogyan Team
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