Stock Market Daily Updates: 13 December 2021


Dear Trader… 

Indian equity benchmarks ended flat on Friday, trimming intraday losses in the dying hour of trade, as investors are eyeing the industrial production data to be out later in the day. Domestic equities began on a quiet note, following weak sentiments in the global market as the market awaits the release of Indian and US November inflation numbers. 

FII and FPIs, on Friday, saw a net sold of Rs 1092.40 crore in the cash segment. A total of Rs 6687.46 crore was sold against a total purchase of Rs 5595.06 crore. Domestic institutional investors saw a net purchase of Rs 386.63 crore in the cash segment. A total of Rs 4090.88 crore was sold against a total purchase of Rs 4477.51 crore. 

Though the fear about the new COVID variant has subsided, we’re still seeing volatility across the globe and expect the trend to continue next week as well. Going ahead, we feel the recovery would remain uneven thus recommend continuing with a positive yet cautious approach. 

Dear Traders, 

Nifty Future has resistance at 17606 – 17636 Point; above which other resistance levels are at 17676 – 17707 Point with highly Volatile Trend, 

Nifty Future has Downside support levels are at 17505 – 17474 Point; below 17474 Point, other support levels are at 17434 – 17404 Point. 

I am positive for the next bullish trend only above 17606 Point but be with the trend. Let the market decide further moves.  

As we are saying from many days, Buying is suggested in falls only…and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now.

If Nifty Future crosses at 17606 Point, again then the upper side target is quite high and it may touch 17636 Point in the short term…!!! 

Dear Traders, 

Bank Nifty Future has resistance at 37303 – 37373 Point; above which other resistance levels are at 37440 – 37505 Point with highly Volatile Trend, 

Bank Nifty Future has Downside support levels are at 37137 – 37077 Point; below 37077 Point, other support levels are at 36960 – 36808 Point. 

I am positive for the next bullish trend only above 37505 Point but be with the trend. Let the market decide further moves.  

As we are saying from many days, Buying is suggested in falls only…and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now.

If Bank Nifty Future crosses 37505 Point, again then the upper side target is quite high and it may touch 37575 Point in the short term.

Trading Idea for the derivative stocks…. 

  • ADANI ENT.  is at a positive trend at Rs 1727 with a stop loss of Rs 1707 for the Target near @ Rs 1767 – 1774 in short term.

  • HCL TECHNO.  is at a positive trend at Rs 1144 with a stop loss of Rs 1127 for the Target near Rs 1183 – 1190 in short term.

  • BERGER PAINT  is at a positive trend at Rs 733 with a stop loss of Rs 717 for the target near Rs 778 – 787 in short term.

  • JSW STEEL is at a positive trend at Rs 660 with a stop loss of Rs 653 for the target near Rs 696 – 707 in short term.

  • ESCORTS LTD is at a negative trend at Rs 1890 with a stop loss of Rs 1909 for the target near Rs 1840 – 1818 in short term. 

  • VOLTAS LTD is at a negative trend at Rs 1277 with a stop loss of Rs 1290 for the target near Rs 1227 – 1207 in short term. 

  • MAX FINANCIAL SERVICES is at a negative trend at Rs1018 with a stop loss of Rs 1025 for the target near Rs 966 – 947 in short term. 

  • ICICI BANK is at a negative trend at Rs 787 with a stop loss of Rs 808 for the target near Rs 737 – 720 in short term. 

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Disclaimer: The views expressed in the article above are those of the authors’ and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.






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