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| Bank Nifty Future Trend |
India stock markets ended on a positive note today. Sensex and Nifty closed at almost 1 percent higher and Bank Nifty gained 0.48 percent at the end of the day. Almost all the sectors performed today, stocks in Metal, Auto, IT, Oil and Gas and Pharma sectors were the gainers of the day.
This week Nifty and Sensex gained almost 1.5 percent and Bank Nifty rose by 1.20 percent so far. In the last week's report on Sunday, we already mentioned that the trend of Nifty and Bank Nifty future would be "Up and volatile".
All ADAG stocks were down for the third consecutive day and hit all-time low after R Com informed last Friday for filing Bankruptcy at NCLT. The next hearing at NCLT is on 12th of February, the stocks in the ADAG group will be volatile for coming few days.
Top 5 Nifty 50 Stocks Gainers and Losers are:
| Top 5 Nifty 50 Stocks Gainers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| Tech Mahindra | 811.35 | 751.00 | 60.35 | 8.04 | 814.50-563.65 |
| Zee Entertainmen | 388.00 | 365.35 | 22.65 | 6.20 | 609.75-288.30 |
| Cipla | 534.95 | 508.00 | 26.95 | 5.31 | 678.45-483.75 |
| Tata Steel | 485.10 | 464.70 | 20.40 | 4.39 | 720.50-441.35 |
| Grasim Inds | 733.50 | 703.95 | 29.55 | 4.20 | 1,201.65-698.00 |
| Top 5 Nifty 50 Stocks Losers of the Day | |||||
| Company Name | LTP (Rs ) | Prev Close (Rs ) | Change (Rs ) | Change (%) | 52 week H/L( Rs) |
| Adani Ports | 330.35 | 339.80 | -9.45 | -2.78 | 424.00-292.10 |
| Dr Reddy's Labs | 2789.70 | 2821.45 | -31.75 | -1.13 | 2,878.00-1,887.00 |
| IndusInd Bank | 1526.05 | 1541.75 | -15.70 | -1.02 | 2,038.00-1,333.15 |
| Titan Company | 1059.05 | 1066.70 | -7.65 | -0.72 | 1,074.00-732.30 |
| NTPC | 137.10 | 138.05 | -0.95 | -0.69 | 180.00-134.05 |
Indian Stock Market for the next two days:
Tomorrow is Bank Nifty future weekly options expiry and also RBI Credit Policy, the announcement of credit policy will be at around 2.30 pm. Both the events will make the Bank Nifty future volatile especially in the second half of the day.
After the release of Dec's inflation data in the mid of January 2019 market was expecting a rate cut in Feb RBI credit policy. But the populist and dream budget in 2019, especially the roll-out of farm income support scheme mentioned in the budget can postpone the rate cut as of now. The Feb RBI credit policy can be the status quo.
Indian Stock Market Tomorrow: Nifty Future and Bank Nifty Future
Nifty Future Technical Levels
Primary Trend: Up – Real-Time Volatility of 14.2538 % (Range of 116 Points)
Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 11135 whereas all down moves initiate Short Covering (Buy) @ 11060
If Nifty future moves above 11112 then you should Buy with 1st Target of 11155 during the day with a Stop Loss of 11082 For the Target of 11155-11177-10728 - 11198 - 11225
If Nifty future moves below 11082 then you should Sell with 1st Target of 11040 during the day with a Stop Loss of 11112 FOR the Target of 11040-11020-10997 - 10970
Bank Nifty Future Technical Levels
Primary Trend: Up – Real-Time Volatility of 22.858 % (Range of 255 Points)
Bank Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27505 whereas all down moves initiate Short Covering (Buy) @ 27425
If Bank Nifty future moves above 27485 then you should Buy with 1st Target of 27530 during the day with a Stop Loss of 27450 For the Target of 27530 - 27555 - 27580 - 27610
If Bank Nifty future moves below 27450 then you should Sell with 1st Target of 27402 during the day with a Stop Loss of 27485 FOR the Target of 27402 - 27377 - 27354 - 27325
Conclusion:
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Finogyan Team
Disclaimer-Finogyan has taken due care and caution in compilation of data for its blog. The views and investment tips expressed by investment experts on Finogyan are their own and not that of the website or its management. Finogyan advises users to check with certified and SEBI registered experts before taking any investment decision. However, Finogyan does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Finogyan especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
