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WEEKLY NIFTY SNAPSHOT INDEX CNX NIFTY BANK NIFTY
OPEN
HIGH
LOW
CLOSE
10505.10
10515.00
10284.00
10334.00
25650.05
25690.15
25237.00
25495.15
PIVOT LEVEL INDEX
R2
R1
PP
S1
S2
CNX NIFTY
10608.67
10471.33
10377.67
10240.33
10146.67
BANK NIFTY
25927.25
25711.20
25474.10
25258.05
25020.95
Contact No. +91-903-977-7700
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OPEN INTEREST AND VOLUME INDEX
CURRENT
PREVIOUS
% CHANGE
NIFTY OI
99824100
122890875
-0.23
NIFTY VOLUME
534719
352601
0.34
BANK NIFTY OI
9169560
9653040
-0.05
BANK NIFTY VOLUME
335469
277294
0.17
FII AND DII WEEKLY TRADING FII TRADING (RS. IN CRORE) FII
GROSS PURCHASE
GROSS SALES
NET PURCHASE/SALES
10-NOV-2017
4690.07
5219.29
-529.22
09-NOV-2017
5653.62
6367.37
-713.75
08-NOV-2017
12418.41
16256.68
-3,838.27
07-NOV-2017
5563.47
5102.00
461.47
06-NOV-2017
5164.32
4588.05
576.27
Weekly Position
-4043.50
Contact No. +91-903-977-7700
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DII TRADING (RS. IN CRORE) DII TRADING (RS. IN CRORE) DII
GROSS PURCHASE
GROSS SALES
NET PURCHASE/SALES
10-NOV-2017
5467.58
3546.71
1,920.87
09-NOV-2017
3444.24
3212.99
231.25
08-NOV-2017
6917.14
3878.98
3,038.16
07-NOV-2017
4168.52
6214.59
-2,046.07
06-NOV-2017
3987.48
4251.32
-263.84
Weekly Position
2880.37
FII and DII Statistics provides one with information about the quantity and price of the various instruments bought and sold by the Foreign Institutional Investors (FII) and Domestic Institutional Investors during the day in the Derivative Market.
Contact No. +91-903-977-7700
www.moneyclassicresearch.com
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S&P CNX NIFTY CHART ANALYSIS
Indian indices consolidation movement during the last week rally and closed on down note amid down global market cues major Indices Sensex and Nifty at resistance levels on the last trading session on tracking up week trends across global market. On sectorial front sectors were up bank and IT sectors. Pharma and Infra up during last trading week. Week ahead, market is likely to go up around 10400-10450 level as nifty has follow in strong support level 10140 in weekly chart and charts that signals further consolidation in Indian market. Nifty has given closing up in weekly chart. Nifty was at strong support level at 10140. Nifty, in last week trading session it was closed at 10321.75 now its primary term trend is up and secondary trend is up. Stochastic and RSI is giving up confirmation. On weekly chart nifty at support 10140 levels. We have recommended consolidate nifty future buy from 10290 hold for target is 10450, in coming weeks. Contact No. +91-903-977-7700
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STOCK RECOMMENDATION QUICK HEAL TECHNOLOGIES LTD TECHNICAL VIEW
Stock Recommendation for 13/11/2017 is QUICK HEAL LTD .In last day trading session, it is UP 4.10%.In weekly chart it is making FLAG pattern, which will breakout in uptrend. RSI AND PSAR support are strong for uptrend. So our buying level around 190 -195 and our target is 205 and 220 in coming days. Our stop loss is 175 the entire indicator is suggesting that one can go for buy position in the stock at 195 levels. Contact No. +91-903-977-7700
www.moneyclassicresearch.com
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STOCK RECOMMENDATION LIBERTY SHOES LTD TECHNICAL VIEW
Stock Recommendation for 13/11/2017 is LIBERTY SHOES LTD.In last day trading session, it is UP 3.64%.In weekly chart it is making FLAG pattern, which will breakout in uptrend. RSI AND PSAR support are strong for uptrend. So our buying level around 250-255 and our target is 270 and 285 in coming days. Our stop loss is 220 the entire indicator is suggesting that one can go for buy position in the stock at 250 levels. Contact No. +91-903-977-7700
www.moneyclassicresearch.com
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PAST PERFORMANCE OF STOCK RECOMMENDATION DATE
SCRIPT
ORDER
COST LEVEL
1 ST TGT
06-NOV
ABAN OFFSHORE LTD
BUY
215
230
06-NOV
SORIL INFRA LTD
BUY
185
200
30-OCT
MANGALAMCEM LTD
BUY
375
390
30-OCT
PIONEER DISTILLERIES LTD
BUY
205
220
23-OCT
CMI LTD
BUY
210
225
23-OCT
JAI CORP LTD
BUY
125
135
Contact No. +91-903-977-7700
2 ND TGT
SL
235
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LATEST UPDATE GST Council cuts taxes on about 175 items from 28%, only 50 luxury and 'sin' goods like tobacco to remain in highest slab The Goods and Services Tax (GST) Council on Friday decided to slash rates on more than 175 items, reducing taxes on these from the existing 28 percent in one of the biggest tax reductions since the new system kicked-in from July 1. The council, which is currently meeting in Guwahati, has decided to cut keep only 50 luxury and `sin’ goods like tobacco in the highest slab, paving the way for price cuts in a raft of commonly used goods from furniture to sanitary ware. Daily use products such as shampoo, chocolates, beauty products and construction items such as marble and granite will cease to exit in the 28 percent slab, Bihar Deputy Chief Minister Sushil Modi said today at the sidelines of the 23rd GST Council meeting in Guwahati. The tax cuts will have a revenue implication of about Rs 20,000 crore.The council is set to approve sweeping changes including simpler procedures, a single return filing form for small firms and several changes to make composition scheme more attractive. The GST Council—the apex body for decision making headed by finance minister Arun Jaitley— today in its 23rd meeting in Guwahati will also discuss the proposal to do away with the distinction between airconditioned (AC) and non-air conditioned restaurants (not under composition scheme) and tax them at 12 percent. In the next few hours, the Council is expected to take crucial decisions to make composition scheme more attractive, improve compliance burden and may explore the possibility of including real estate under GST.
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LATEST UPDATE Public sector bank chiefs to get into a huddle this weekend to discuss sector woes This weekend, top public sector bank (PSB) heads will huddle with experts and government officials to discuss and brainstorm banking sector’s troubles and focus on improvement in credit growth and reducing nonperforming assets amid capital needs for most banks.At Gurugram in a conclave titled Vichar Manthan over two-days, seven groups led by a PSB chief executive officers will give presentations. This is the third such gathering after previous conclaves called as Gyan Sangam were held in 2015 and 2016. The government has already laid out Rs 2.11-lakh crore capital infusion plan through Rs 1.35 lakh crore worth of recapitalisation bonds and Rs 76,000 crore through budgetary allocations and market fund raising.Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram. Early sessions on Saturday at the conclave will dwell on lessons from nine years of loan growth covering days of heady expansion, the effects of the slowdown, and stress recognition, a banker confirmed. There will also be a discussion around human resources, given the large-scale retirements at the senior level, and practices. Plus, a rapid shift in the skills requirement at the entry level due to digital banking and expansion of networks are expected to come up for discussion to flesh out immediate and long-term strategies, the report said. In 2015, the government organised a similar conclave, Gyan Sangam, at the National Institute of Bank Management in Pune for banks and financial institutions. This was also attended by Prime Minister Narendra Modi. Its second edition was held in March 2016 at the SBI Academy, after which the government said it had embarked on the third phase of reforms in PSBs that would look into all aspects, including consolidation.Last week, the government announced the structure of an alternative mechanism to examine proposals for amalgamation. The mechanism, to be headed by the finance minister, may direct PSBs to examine consolidation proposals.
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DISCLAIMER The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in equity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors.
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Contact No. +91-903-977-7700
www.moneyclassicresearch.com