Indian Stock Market: Nifty and Bank Nifty Technical levels for 14th Feb

Nifty Bank Nifty Technical Levels
Nifty Bank Nifty Technical Levels for Tomorrow
Indian Stock Market: Sensex and Nifty ended in red today, falling continuously for the fifth straight session. Even after the positive global cues in the morning, strong IIP growth and slowing Retail Inflation rate market ended in negative zone.

Except IT almost all the sectors witnessed heavy selling pressure in the last hour like Banking, Infra, Energy, Auto, Metal. At the end of the day, Nifty and Sensex drop 37.75 and 119.51 points respectively whereas Bank Nifty lost 125.35 points.

Nifty 50 Stocks Top 5 Gainers and Losers of the Day

Top 5 Nifty 50 Stocks Gainers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Adani Ports341.65 326.80 14.85 4.54 424.00-292.10
Indiabulls Hous.618.90 598.90 20.00 3.34 1,397.00-575.35
UPL817.20 796.20 21.00 2.64 824.00-537.25
Tata Motors155.00 151.80 3.20 2.11 382.30-129.00
H D F C1930.50 1905.05 25.45 1.34 2,052.95-1,644.50
Top 5 Nifty 50 Stocks Losers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Eicher Motors20,158.7021,137.50-978.80 -4.63 32,236.70-18,800.00
H P C L225.10234.05-8.95 -3.82 398.70-163.00
I O C L129.90134.75-4.85 -3.60 206.45-105.25
GAIL (India)315.50325.70-10.20 -3.13 399.40-295.25
O N G C133.40137.45-4.05 -2.95 194.50-133.10

Indian Stock Market Tomorrow:


National Stock Exchange (NSE) has started Nifty weekly options from 11th February 2019, the first expiry would be on Tomorrow, 14th February. It would be interesting to see the volatility of Nifty and Bank Nifty together every Thursday.

Tomorrow, the Wholesale Price Index (WPI) rate is going to be released during the market hours, you can expect a positive momentum in the market if it declines like retail inflation. On the earning front, more than 500 plus companies will be reporting their third quarter result tomorrow and most of them are mid-caps and small-caps. We can see some volatility in the mid and small cap space also.

Indian Stock Market Tomorrow: Nifty and  Bank Nifty (Fut) Technical levels
Bank Nifty Technical Levels for 14-02-2019


Indian Stock Market Tomorrow: Nifty Future and  Bank Nifty Future


Nifty Future Technical Levels for Tomorrow 14-02-2019

Primary Trend:  Down – Real-Time Volatility of 14.8663 % (Range of 118 Points)


Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 10835 whereas all down moves initiate Short Covering (Buy) @ 10771

If Nifty future moves above 10816 then you should Buy with 1st Target of 10855 during the day with a Stop Loss of 10790 For the Target of 10855-10874-10894 - 10918

If Nifty future moves below 10790  then you should Sell with 1st Target of 10752 during the day with a Stop Loss of 10816 FOR the Target of 10752-10732-10712 - 10688

Bank Nifty Future Technical Levels for 14-02-2019


Primary Trend: Down – Real-Time Volatility of 12.3168 % (Range of 240 Points)


Bank Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 27068  whereas all down moves initiate Short Covering (Buy) @ 26848

If Bank Nifty future moves above 27000 then you should Buy with 1st Target of 27135 during the day with a Stop Loss of 26915 For the Target of 27135 - 27202 - 27270 - 27353 

If Bank Nifty future moves below 26915  then you should Sell with 1st Target of 26782 during the day with a Stop Loss of 27000 FOR the Target of 26782 - 26715 - 26646 - 26562

Conclusion:


Both Nifty and Bank Nifty are in a downtrend as per the technical chart, technical levels are mentioned above. Tomorrow is weekly options expiry for both the Nifty and Bank Nifty and WPI data would be released during market hours. Any positive news can reverse the present sentiments of the Indian Stock Market.  


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Happy Investing!

Finogyan Team





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