A fresh bull run may expect from current levels...

WEEKLY EQUITY BULLETIN FROM 15 NOV TO 19 NOV

Indian market ended its three-day losing streak and witnessed a sharp recovery towards the second half led by heavyweight financials and IT. Further, recovery in metals and FMCG also contributed to the rally and also thanks to positive global cues. Index heavyweights such as HDFC, Infosys, Reliance Industries Ltd (RIL), Kotak Mahindra Bank, ICICI Bank contributed the most to indices gain Most key sectoral indices closed in green today, while midcap and smallcap indices underperformed broader indices ahead of retail inflation data due later in the day. The volatility index softened ~7% today. The Nifty gained ~1% this week amid high volatility, while the market added over Rs5 trillion in investors’ wealth during the week.

The Sensex was up 767 points or 1.28% at 60,686.69 and the Nifty has jumped 229.20 points or 1.28% at 18,102.80. About 1556 shares have advanced, 1628 shares declined, and 143 shares are unchanged.

Nifty Future

On the weekly basis, Nifty has Resistance around 18200, if it breaks and closes above 18200 will see an upside rally till 18400 and further to 18550 levels in upcoming sessions.

Major support around 17750, if it breaks & closes below 17750 will see sharp downside panic till 17600 and then to 17400 levels in days to come.

Intraday Levels

Nifty Future has resistance around 18200, breaks above 18200 will see intraday upside movement till 18300---18350 levels while Support around 18000, breaks below 18000 will see intraday sell-off till 17900---17850 levels on the Monday trading session. Buy-on dips around support will be a good entry for the traders.

Bank Nifty Future

On the weekly basis, Bank Nifty has Resistance around 39050, if it breaks and trades above 39050 will see an upside rally till 39450 and further to 39800 levels in upcoming trading sessions.

Major Support around 38200, if it breaks and close below 38200 will see downside fall till 37900 and further to 37600 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty Future has resistance around 39000, breaks above 39000 will see an intraday upside movement till 39300---39500 levels while Support around 38500, breaks below 38500 will see intraday sell-off till 38300---38200 levels on the Monday trading session.

Weekly Top Pick Stock

Buy VEDL FUTURE above 333 with a stop loss below 324 levels for an upside movement till 340----345 +++ levels in days to come. *T&C Apply...