Stock Market Today: Stock Market News | Nifty and Bank Nifty Trend


Stock Market Today: Indian benchmark Indices Nifty and Sensex closed flat, Bank Nifty declined 72 points at the end of the day. Nifty and Sensex rallied more than 1 percent this week whereas Bank Nifty was range-bound throughout the week closed almost flat. In Nifty 50 RIL, Yes Bank, IndusInd Bank, and Infosys were the most active stock this week

Stock Market News:

Reliance Industries (RIL) declared Q3 earnings on Thursday, its consolidated profit grows 7.7 percent to Rs 10,251 Cr versus Rs 9,516 Cr, revenue increased 9.1 percent to Rs 1.56 lakh Cr. versus Rs 1.43 lakh Cr on QoQ. Indian stock market has given thumbs up to its result, today stock was up 4.42 percent.

Hindustan Unilever (HUL) also declared Q3 earnings yesterday and its profit increased 8.9 percent to Rs 1,444 Cr versus Rs1,326 Cr, revenue increased to Rs 11.3 percent to Rs 9,558 Cr versus Rs 8,590 Cr YoY. HUL stock was 0.42 percent down today even after good Q3 result.

There was some positive news on Crude and Trade War related, which had basically improved the global market sentiment in the past two days. US Oil price gained on Friday after the report from Organisation of Petroleum Exporting Countries (OPEC) showed its production fell sharply in the last month, easing fears of oversupply. Earlier on Thursday US stocks gained because a report published that US was considering lifting some or all tariffs imposed on Chinese Imports.

Stock Market for Next Week


There are no big events next week except the third quarter result. The third quarter financial results of major Nifty 50 companies for the next week are Kotak Bank, Asian Paints, ITC, Yes Bank, L&T and Maruti.

From Monday 21st January onward NSE is increasing Future and Options (F&O) margin to curb the volatility in the market. The Nifty and Bank Nifty margin will increase by around Rs 10000 and Rs 7000 respectively. This will be applicable to both new as well as existing position in the derivative segment. Make sure that you have enough margin in your brokerage account in F&O segment for this increase in margin to avoid any penalty or auto square off.

If you want the full list of New F&O Margin, please send your request along with your email Id: Click Here

Top 10 Gainers and Losers of the week


Top 5 Gainers of the Week
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Reliance Inds.1,184.351,098.0586.37.861,329.00-871.00
Yes Bank198.6184.2514.357.79404.00-146.75
Infosys730.95683.547.456.94754.90-545.10
Adani Ports399.3377.1522.155.87452.35-294.10
Wipro346.15328.717.455.31347.50-253.50
Top 5 Losers of the Week
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Sun Pharma.Inds.390.75444.4-53.65-12.07679.30-370.20
Bharti Airtel311.15335.1-23.95-7.15508.80-276.85
GAIL (India)322.15338.6-16.45-4.86399.40-295.25
Larsen & Toubro1,317.901,369.60-51.7-3.771,470.00-1,182.50
St Bk of India294.95302.75-7.8-2.58332.75-232.35


Nifty and Bank Nifty Technical


Nifty Chart 21st Jan
Nifty Chart 21st Jan-25th Jan


Nifty Weekly Outlook - OHLC-(10812.95/10964.00/10720.60/10927.15)

Primary Trend: Sideways (Bias Up) – Real-Time Volatility of 10.0630% (Range of 152.40 Points)

Range Bound Trend: All up moves initiates Profit Booking (sale) @ 11012 whereas all down moves initiate Short Covering (Buy) @ 10860

If Nifty moves above 10965 then you should Buy with 1st Target of 11060 during the day or at any point during the week by Trailing Stop Loss 10850 - 10915 - 10950 - 11010 - 11065 - 11100 FOR the Target of 11105 - 11150 - 11208

If Nifty moves below 10905 then you should Sell with 1st Target of 10815 during the day or at any point during the week by trailing Stop Loss from 11025 - 10960 - 10925 - 10875 - 10810 - 10775 FOR the Target of 10770 - 10720 - 10665



Bank Nifty Chart 21st Jan
Bank Nifty Chart 21st Jan-25th Jan


Bank Nifty Weekly Outlook - OHLC-(27465.00/27676.00/27300.95/27547.90)

Primary Trend: Sideways (Bias Up)  - Real-Time Volatility of 10.7613% (Range of 410.90 Points)


Range Bound Trend: All up moves initiates Profit Booking (sale) @ 27680 whereas all down moves initiate Short Covering (Buy) @ 27440

If Bank Nifty moves above 27605 then you should Buy with 1st Target of 27747 during the day or any point during the week by Trailing Stop Loss 27425 - 27525 - 27585 - 27660 - 27760 - 27810 FOR the Target of 27820 - 27890 - 27980

If Bank Nifty moves below 27515 then you should Sell with 1st Target of 27370 during the day or at any point during the week by trailing Stop Loss from 27700 - 27600 - 27550 - 27450 - 27365 - 27305 FOR the Target of 27300 - 27230 - 27140




Conclusion:


Indian Stock Market will open on Monday as per global cues. Traders or Speculators should remain cautious ahead of Budget which is scheduled on 1st Feb 2019. NSE has also increased F&O margin to curb the volatility in the market ahead of Budget. Traders can take the view of  Nifty and Bank Nifty technical levels from above analysis before taking any position.


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Happy Investing!

Finogyan Team




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Stock Market Today: Stock Market News | Nifty and Bank Nifty Trend Stock Market Today: Stock Market News | Nifty and Bank Nifty Trend Reviewed by Finogyan on January 18, 2019 Rating: 5

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Nifty and Bank Nifty Support and Resistance for Tomorrow

Bank Nifty Support and Resistance

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