| Indian Market | 29-Nov-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17053.95 | 27.50 | 0.16% |
| Sensex | 57260.58 | 153.43 | 0.27% |
| Banknifty | 35976.45 | -49.05 | -0.14% |
| Indian Market | 29-Nov-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29515.25 | -405.15 | -1.35% |
| Nifty Small-Cap 100 | 10490.25 | -280.90 | -2.61% |
| India VIX | 20.83 | 0.03 | 0.13% |
| US Market | 29-Nov-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 35135.94 | 236.60 | 0.68% |
| S&P 500 | 4655.27 | 60.65 | 1.32% |
| Nasdaq | 15782.80 | 291.10 | 1.88% |
| Currency / Commodity | 29-Nov-21 |
|---|---|
| Indices | Current |
| USD/INR | 75.0525 |
| EUR/INR | 84.7440 |
| Dollar Index | 96.165 |
| US 10-year bond | 1.518% |
| WTI Crude Oil | $ 70.78 |
| Brent Crude Oil | $ 73.79 |
| Gold | $ 1790.15 |
| Bitcoin | $ 57,353 |
| FII / DII Activity | 29-Nov-21 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 3332 | |
| DII | 4611 |
Trade Setup
- Indices manage to close in green in a volatile session, Midcap 100 & Small cap 100 ended the day with 1.35% & 2.61% down respectively.
- Uncertainty over OMICRON continue to keep market subdued as market awaits further cues. So far new on new COVID-19 variant has not been fresh negative post Friday.
- Wall Street ended the day with around 0.68% to 1.88% gain. OPEC+ meeting schedule this week in focus.
- SGX Nifty @ 17076.50 down 13.50 points at 8:20 AM.
Technical View
- Nifty’s low yesterday was at 16782.40, near 61.8% retracement level of 16694 of rally from 15513 to 18604.
- Nifty RSI @ 32.20 & RSI average @ 39.30, trading near to critical support level and technical bounce on chart looks imminent.
- Banknifty has been weak in past 2 weeks and continue to underperform yesterday also, Banknifty RSI @ 26.34 & RSI average @ 34.63.
- Banknifty took support at 200-DMA, now at 35707 level. Banknifty 100-DMA comes at 37081.
- Technically, Indices in oversold zone would be looking for bounce back, expect Nifty to test 17423 & Banknifty to test 37081 level.
Stock Updates
- Coal India: Approved interim dividend of Rs 9 per share.
- Reliance Capital: RBI has superseded the board of the company. RBI action owing to various defaults to creditors and serious governance concerns at Reliance Capital. Nageswar Rao Y, ex-executive director of Bank of Maharashtra, appointed as administrator. The central bank will initiate insolvency proceedings against the company.
- Tatva Chintan Pharma Chem: As a part of future need, the company has acquired an industrial land admeasuring 50,399.16 square metre at Dahej-III GIDC Estate, Gujarat.
- Ratnamani Metals & Tubes: The company has received new domestic orders aggregating to Rs 297.87 crore from the oil & gas sector, to be executed between February 2022 to January 2023.
Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.
