Kal Ki Baat Aaj, Important Levels and Technical Analysis of Nifty BankNifty For 13th Oct

Kal Ki Baat Aaj, Important Levels and Technical Analysis of Nifty BankNifty For 13th Oct

Stock Market Highlights

On the BSE and National Stock Exchange (NSE) the benchmark equity indices closes high in green on Tuesday. On the other hand Nifty PSU Bank was the top gainer with more than 3% high and on the other hand Nifty Consumer Durables index gain with nearly 3% with all the sectoral indices ended in the green.

In Sector Indices on Sensex & Nifty

Top Gainer of the day on the BSE were Titan Company, Bajaj-Auto, Bajaj Finserv, State Bank of India (SBI), Nestle India, ITC, Axis Bank, Tata Steel, RIL, HUL.

Top loser of the day on the BSE were HCL Tech, Tech Mahindra, UltraTech Cement, Tata Consultancy Services (TCS), Mahindra & Mahindra, Bharti Airtel, ICICI Bank and Infosys.

Market Indexes/India

Index NIFTY 50 SENSEX NIFTY BANK
Open 17,915.80 60,045.75 38,178.35
Precious Close 17,945.95 60,135.78 38,293.80
Today’s High 18,008.65 60,331.74 38,609.60
Today’s Low 17,864.95 59,885.39 38,144.60
52 Week High 18,041.95 60,476.13 38,609.60
52 Week Low 11,535.45 39,241.87 22,970.95

 

Index NIFTY IT S&P BSE Small cap
Open 35,179.20 29,618.40
Precious Close 35,179.95 29,506.36
Today’s High 35,294.15 29,691.91
Today’s Low 34,512.80 29,464.70
52 Week High 37,823.15 29,691.91
52 Week Low 20,548.30 14,589.98

 

 

Yesterday, Nifty closed at 18,008.

As we all know market is unpredictable, so to give a clear picture we have divided the whole article in certain cases.

Case 1: If market have to boom upward then it is sure have to cross our Laxman Rekha 18,147_18,170 level, if it crossed our Laxman Rekha then market will zoom to kiss 18,370_18,430 and once it crossed this level there will be more fire work up to 18,670_18,770.

Case2: Keep an eye upon 17,870_17830 will act as our Crucial support, here any decline or panic we suggest you to only buying with strict stop loss with the upside Hurdle of 18,070. This week it will zoom to kiss 18,147_18,170.

 

Yesterday, Bank Nifty closed at 38,362.

Case 1: 38,430_38,970 will act as strong support, 38,430, no worry at all now Nifty is moving towards 40,356_40,770.

Case 2: If you see any panic or decline near our support here we suggest you to only buy and sit relax. It will zoom to kiss 39,256_39470. For Lion heart Trader only.

 

Data of FIIs & DIIs

In the Indian Equity Share Market, The available provisional data of the National Stock Exchange (NSE).

Share worth Rs. 278.32 Crore were Net sold by Foreign Institutional Investors (FIIs), whereas shares worth Rs. 741.22 Crore was the net sold by Domestic Institutional Investors (DIIs) on October 12.

US Markets

On Tuesday, US stocks ended Lower, Investor grew jittery in the run up to 3re quarter earnings by which extending losses by the investors, were there is a jump in the Tesla share which helped to support the market.

0.34% to 34,378.34 points or 117.72 points lower, the Dow Jones Industries Average lower down; whereas the Nasdaq Composite dipped 0.14% to 14,456.93 or 20.28 points and S&P 500 fell 0.24% to 4,350.65 or 10.54 points down.

Asian Markets

Asia-pacific market were trading lower were mixed, were Kospi and Straits Times gaining 1% each and Taiwan Weighted and Shanghai Composite are flat.

Market Indexes/Global

Index NASDAQ FTSE DAX CAC
Open 14,539.09 7,146.85 15,025.35 6,495.15
Precious Close 14,486.20 7,146.85 15,199.14 6,570.54
Intraday High 14,552.71 7,146.85 15,174.29 6,548.11
Intraday Low 14,441.60 7,063.43 15,012.07 6,491.58
52 Week High 15,403.44 7,224.46 16,030.33 6,913.67
52 Week Low 10,822.57 5,525.52 11,450.08 4,512.57

 

Disclaimer

Financial markets are volatile in nature and are subject to market risks. Please Note Neither Harinder Sahu / King Research or employees or associates will not be liable in any manner for the consequences of such action taken by you. This is only for educational purposes and not provide any advice/tips on investment or recommend buying and selling any stock. We neither take guarantee of profit nor stand responsible for any losses of any recipient. The recipients of this material should take their own professional advice before acting on this information the recipient is advice to read the information carefully before any investment.

 

 

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