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One Target One SL
Recommendations

Market Highlight

26 Dec 2018

NIFTY : Nifty closed today at 10729.85 up by 66.35 points. Sensex closed at 35649.94 up by 179.79 points. Opening was not good for Indian market as on Monday we have seen heavy selling in US market and today all asian market were in deep red, but after 2 hour session we have seen a sharp recovery in market and Nifty and Sensex closed in green. Its December expiry tomorrow, so it will be a very volatile session.For tomorrow, Nifty resistance level around 10760 level and support for Nifty around 10660 level.

BANKNIFTY : Banknifty closed at 26986.80 up by 272.05 points. For tomorrow 27000 / 27200 resistance for Banknifty and 26700 is support for Banknifty.

23 Dec 2018

NIFTY : Nifty closed at 10754.00 down by 197.70 points on Friday. Sensex closed at 35742.07 down by 689.60 points in Friday session. US market below 23000 and down more than 3000 points in last one week. It will be expiry week and one holiday there on 25th Dec.For tomorrow, Nifty resistance level around 10850 level and support for Nifty around 10680 level.

BANKNIFTY : Banknifty closed at 26869.65 down by 405.45 points.It expiry week and we will see lot of volatility in market. For tomorrow 27000 resistance for Banknifty and 26700 is support for Banknifty.

20 Dec 2018

NIFTY : Nifty closed at 10951.70 down by 15.60 points today. Sensex closed today at 36431.67 down by 52.66 points. We have seen a good recovery in market from morning low, after opening around 10885 Nifty recovered almost 80 points. For tomorrow, Nifty resistance level around 11000 level and support for Nifty around 10880 level.

BANKNIFTY : Banknifty closed at 27275.10 down by 23.30 points. Its was weekly expiry today but we have not seen big drama as in previous expiry we have seen. For tomorrow 27400 resistance for Banknifty and 27100 support for Banknifty.

19 Dec 2018

NIFTY : Nifty closed at 10967.30 up 58.60 points today. Sensex closed today at 36484.33 up by 137.25 points. It was a good session, cause of short covering and some fresh buying in market we have seen Nifty high around 10985.15. For tomorrow, Nifty resistance level around 11000 level and support for Nifty around 10880 level.

BANKNIFTY : Banknifty closed at 27298.40 up by 123.70 points. Its weekly expiry tomorrow so we will see volatility in banknifty. For tomorrow 27400 resistance for Banknifty and 27100 support for Banknifty.

18 Dec 2018

NIFTY : Nifty closed at 10908.70 up 20.35 points today. Sensex closed today at 36347.08 up by 77.01 points. After negative opening, we have seen slow recovery in market but finally Nifty closed in green.. For tomorrow, Nifty resistance level around 10950 level and support for Nifty around 10860 level.

BANKNIFTY : Banknifty closed at 27174.70 up by 158.90 points. As global market was negative so we have seen down side opening in banknifty today. But in second half Banknifty blasted and moved above 27200 level.. For tomorrow 27300 resistance for Banknifty and 26900 support for Banknifty.

17 Dec 2018

NIFTY : Nifty closed at 10888.35 up 82.90 points today. Sensex closed today at 36270.07 up by 307.14 points. As predicted in previous post then if positive sign from global market then we can see rally upto 10900 level and today Nifty made high of 10900.35. Nifty may face hurdle at 10940 to 10950 level, before that we have see Nifty crossing 10900 level or not. For tomorrow, Nifty resistance level around 1900 level and support for Nifty around 10840 level.

BANKNIFTY : Banknifty closed at 27015.80 up by 189.80 points. Banknifty given positive opening and was able to sustain above 26900 level whole day. Technically Banknifty running above 100 and 200 DMA, so we can see some more short covering in market and Banknifty may show 27200 to 27300 level in coming days. For tomorrow 27100 resistance for Banknifty and 26900 support for Banknifty.

16 Dec 2018

NIFTY : Nifty closed at 10805.45 up 13.90 points in Friday session. Sensex closed today at 35962.93 up by 33.29 points. We have seen some selling at opening as global market were negative, but Nifty here able to close above 10800 level. Technically also Nifty given closing above 200 DMA continuously two days, if we get some positive sign tomorrow from global market then in coming week Nifty may cross 10900 level.. For tomorrow, Nifty resistance level around 10850 level and support for Nifty around 10740 level.

BANKNIFTY : Banknifty closed at 26826 up by 9.65 points. Banknifty was in tight range of 200 points in Friday session. After making low around 26739 it closed above 26800 level. Banknifty resistance around 27040 level once it will cross and sustain above this level we can see more 200-400 point rally in Banknifty. Below 26600 we can see selling pressure in market.

13 Dec 2018

NIFTY : Nifty closed at 10791.55, up 53.95 points. Sensex closed today at 35929.64 up by 150.57 points. Almost Nifty range was 100 points today. As predicted we have seen volatility in market today. For tomorrow, Nifty may face resistance around 10850 and support for Nifty now around 10740 level.

BANKNIFTY : Banknifty closed at 26816.35 up by 172.50 points. It was weekly expiry today and after making high around 26951.45 we have seen Banknifty below 26800 level also. For tomorrow,. Banknifty resistance level 26950 and support level around 26700..

BPCL : Although OMC is volatile nowadays, but as per price movement and according to chart, its looks like that BPCL got good support around 320 level. Expecting target of 350-355 in coming session.

12 Dec 2018

NIFTY : Election result event over. Yesterday we have seen low around 10334.90 and today Nifty closed at 10737.60, almost 400 points recovery in last 2 sessions. Sensex closed today at 35779.07 up by 629.06 points. Nifty closed near 200 DMA. So tomorrow we can see some volatility in market. Nifty may face resistance around 10780 level. Support for Nifty now at around 10690.

BANKNIFTY : Banknifty closed at 26643.85 up by 480.45 points. Its weekly expiry tomorrow for Banknifty. So we will see volatility in market. As lot of short position in market so tomorrow in first session we can see short covering in Banknifty and it is possible that in second half Banknifty will come down. Banknifty resistance level 26700 and support level now 26400.

ICICI BANK : ICICI BANK moved today almost 2% and closed at 349.95. ICICI Bank may face resistance to cross 356-357 level. So one can make short position for intraday around 354-355 level with stop loss of 357.10 for target price of 348.

08 Dec 2018

NIFTY : After 3 days negative closing, yesterday Nifty closed at 10693.70 up by 92.55 points. After positive opening, Nifty was holding 10600 level, but in last hour we have seen some short covering in market and Nifty moved almost 50 points in last hour session. As you know Tuesday, market will react on election results.Yesterday exit polls numners announced but like before still no clearity there in exit polls, but we will see some volatility in market on Monday also. So please be cautious to take any position on Monday and Tuesday. Sensex closed at 35673.25 up by 361.12 points. Support for Nifty now around 10600 level, below that Nifty may get support around 10540, resistance for Nifty 10750 and after that next resistance level at 10800.

BANKNIFTY : Banknifty closed at 26594.30, up by 396 points. Banknifty moved more than 400 points as we have seen good rally in Kotak Bank, other banking stock also did well in yesterday market. Next two to three session will be very volatile so Banknifty will be very volatile.

06 Dec 2018

NIFTY : Nifty closed at 10601.15 down by 181.75 points. After opening above 10700 level, Nifty could not sustain at high as DOW Future was down more than 300 points and Market also nervous cause of election results.. Sensex closed today at 35312.13 down by 572.28 points. Sensex down more than 800 points just in last 3 sessions. For tomorrow as per chart Nifty resistance at around 10680 level after that 10750 is a big hurdle. Support for Nifty now around 10580 level, below that Nifty may get support around 10540..

BANKNIFTY : Banknifty closed today at 26198.30, down by 321.30 points on weekly expiry day. For tomorrow Banknifty resistance at 26400 level and support around 26100 level.

KPIT: In last 2-3 session we have seen then KPIT getting support around 204 - 205 level and today it closed above 210 level with good short covering. It seems if tomorrow market open positive then we will see 218 to 220 level in this stock.

05 Dec 2018

NIFTY : Nifty closed at 10782.90 down by 86.60 points. It touched high of 10821.05 today. Sensex closed today at 35884.41 down by 249.90 points. For tomorrow as per chart Nifty resistance at around 10850 level after that 10900 is a big hurdle. Support for Nifty now around 10750 level, below that Nifty may get support around 10700..

BANKNIFTY : Banknifty closed today at 26519.60, down by 174.20 points. It is weekly expiry there tomorrow for Banknifty, so we will some volatility in market tomorrow. For tomorrow Banknifty resistance at 26700 level and support around 26400 level.

TECHM: In last 2-3 session we have seen some good movement in TechM. IT stocks doing well in last one week, seems more upside left in IT stocks and TechM may touch level of 750 in few session.

04 Dec 2018

NIFTY : Nifty closed at 10869.50 down by 14.25 points. It touched high of 10890.95 today. Sensex closed today at 36134.31 down by 106.69 points. For tomorrow as per chart Nifty resistance at around 10940 level after that 10980 is a big hurdle. Support for Nifty now around 10840 level, below that Nifty may get support around 10800..

BANKNIFTY : Banknifty closed today at 26693.80, down by 163.75 points. For tomorrow Banknifty resistance at 26800 level and support around 26400 level. RBI Policy there tomorrow so trade cautiously.

CONCOR: We have seen more than 30% movement in this stock. Looks like over bought and resistance around 710. It seems it may come down to 630-640 level in coming days.

03 Dec 2018

NIFTY : Nifty closed at 10883.75 up by 7 points only. It touched high of 10941.20 today. Sensex closed today at 36241.00 up by 46.70 points.Today global market were green as US CHINA ready to hold off on increasing tariffs. But Indian market lost all the opening gain soon as Crude was up more than 5% in international market and Rupee also become weak today and crossed 70 level. Next two week very important for our market as there are RBI policy this week, then exit poll outcome after that next week State election results on Tuesday. So be cautious for next few days. For tomorrow as per chart Nifty resistance at around 10940 level after that 10980 is a big hurdle. Support for Nifty now around 10840 level, below that Nifty may get support around 10800..

BANKNIFTY : Banknifty closed today at 26857.55, down by 5.40 points. Opening was in green and after making high of 27037.10 it came down. Banknifty not sustaining above resistance of 27000 and getting support around 26850 level. For tomorrow Banknifty resistance at 27000-27050 level and support around 26700 level.

EXIDE INDUSTRIES : Exide closed today at 260.35. As per daily chart it looks that stock having strong support around 250-253 levels. Keep this stock in your watchlist and after 13th Dec 2018, if all well in market then buy this stock for target 284-285 in short to medium term.

01 Dec 2018

NIFTY : Nifty closed at 10876.75 up by 18.05 points. It touched high of 10922.45 today. Sensex closed today at 36194.30 up by 23.89 points. It was the first trading session of December series, so we have not seen any kind of volatility in market. Pharma sector was very strong today and we have seen good buying in Dr Reddy, Cipla, Cadila Healthcare etc. For tomorrow as per chart Nifty resistance at around 10910 level after that 10980 is a big hurdle. Support for Nifty now around 10840 level, below that Nifty may get support around 10800..

BANKNIFTY : Banknifty closed at 26862.95, down by 76.65 points. For tomorrow Banknifty resistance at 27000 and support around 26700 level.

VEDANTA: In last one month we have seen more than 15% fall in this stock. But it looks that stock getting support around 190 zone. If next week market good then we can see upside in this stock. Good support around 187 in this stock. We can see level of 207-210 in this stock.

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