Nifty and Banknifty chart ahead of the Lok Sabha election result 2019

Indian stock market bounced back in the last two days of the week ahead of Lok Sabha election result 2019. On a weekly basis, Sensex gained 468 and Nifty gained 150 points and closed at 37930.77 and 11407.20 respectively. The banknifty chart also shows there is a jump of 476 points during the week and closed at 29450.20. The market was moved mainly by large-cap stocks, Nifty mid and Nifty small caps 100 index was down by 127 points during the week.

The Friday’s rally was supported by FMCG stocks, Pvt Banking, NBFC, Infra, and Auto. On the selling side IT, Metal and Pharma stocks are seen in red on the last day of the week. Hope the rally would continue in the Indian Stock Market for next week also.Another reason that fuel the rally was spectacular corporate earnings announced by Bajaj Auto, Bajaj Finserv and Bajaj Finance.


Even though there was a weakness in the Global market, crude was trading higher, the Indian stock market was moving confidently towards northwards direction last Friday. Ignoring Global cues was mainly because of the expectation of stable government from the outcome of the Lok Sabha election result. The last phase of Lok Sabha election 2019 voting is scheduled on19th May and Exit poll will be announced by various news agencies on 19th evening.

Q4 Result of the week

On Q4 result front, HDFC announced its Q4 result on 13th May, its net profit jumps 27% and declared dividend of Rs 17.50/share.On same day ITC also announced its Q4 result and its profit grows 19% to 3482 Cr.ITC has appointed Sanjiv Puri as new Chairman.


Bajaj Finance has reported its Q4 result on 16th its profit jumps 57%, whereas Bajaj Finserv has reported a 32% increased in net profit YoY. Bajaj Finserv has reported that the profit from the general insurance business has fallen in the 4th Quarter. It has also declared a dividend of Rs 2.5/share.On 17th May Bajaj Auto has declared its Q4 earning, it has reported a 21% jump in net profit and declared a dividend of Rs 60/share.Its share jumps 5% after announcing the result.


Dr.Reddy, IOC, and UPL also reported its Q4 result this week, except UPL other two reported average results for the quarter. Out of all the corporates reported Q4 result this week, you can accumulate Bajaj Auto and Bajaj Finance for the long term.


The Nifty 50 stocks which are going to announce its Q4 result along with 500 plus mid and small-cap stocks ahead of Lok Sabha election result 2019 in the coming week are as follows:

Nifty 50 Stocks Q4 Result date in
the coming week
BPCL
20-May-19
HINDPETRO
20-May-19
TATAMOTORS
20-May-19
TECHM
21-May-19
BANKBARODA
22-May-19
INDUSINDBK
22-May-19




Nifty 50 stocks Top gainers and Losers of the week








Nifty 50 Stocks-Top 5 Gainers of the Week
Company Name LTP  (Rs ) Prev Close (Rs ) Change (Rs ) Change (%)  52 week H/L( Rs)
Bajaj Fin. 3301.10 2922.85 378.25 12.94 3,316.00-1,872.90
Bajaj Finserv 7992.95 7383.70 609.25 8.25 8,029.75-4,955.00
Titan Company 1190.50 1132.10 58.40 5.16 1,203.00-732.30
Hero Motocorp 2622.55 2507.30 115.25 4.60 3,712.20-2,475.00
Kotak Mah. Bank 1460.00 1398.15 61.85 4.42 1,469.80-1,002.20












Nifty 50 Stocks-Top 5 Losers of the Week
Company Name LTP  (Rs ) Prev Close (Rs ) Change (Rs ) Change (%)  52 week H/L( Rs)
Yes Bank 134.15 163.85 -29.70 -18.13 404.00-132.45
Sun Pharma.Inds. 409.10 437.75 -28.65 -6.54 679.30-344.55
Tata Motors 176.85 185.90 -9.05 -4.87 319.50-129.00
IndusInd Bank 1373.55 1439.90 -66.35 -4.61 2,038.00-1,333.15
Dr Reddy's Labs 2745.00 2876.40 -131.40 -4.57 2,964.00-1,872.95







Nifty and Banknifty chart and technical outlook ahead of Lok Sabha election result 2019

Nifty Chart ahead lok sabha election result 2019
Nifty Chart ahead Lok Sabha election result 2019


Nifty chart and weekly outlook - OHLC-(11270.10/11447.70/11138.00/11425.80)


Primary Trend of Nifty future: Volatile (Bias Down) – Expected Volatility of 11.4724% (Range of 182 Points)


Range Bound Trend:  As per the Nifty chart all up moves initiates Profit Booking (Sale) @ 11537 whereas all down moves initiate Short Covering (Buy) @ 11350
If Nifty moves above 11475 then you should Buy with 1st Target of 11595 during the day or any point during the week by Trailing the Stop Loss from 11340-  11400- 11460- 11525- 11600- 11650 FOR the Target of 11655- 11715- 11785.
If Nifty moves below 11405 then you should Sell with 1st Target of 11285 during the day or any point during the week by Trailing the Stop Loss from 11550- 11475- 11425-  11350- 11275- 11230 FOR the Target of 11230- 11170- 11095


Banknifty Chart ahead lok sabha election result 2019
Banknifty Chart ahead Lok Sabha election result 2019


Banknifty chart and weekly Outlook - OHLC-(29029.90/29590.00/28571.00/29483.45)
Primary Trend of Banknifty future: Volatile (Bias Corrective) - Expected Volatility of 15.0217% (Range of 625 Points)
Range Bound Trend: As per Banknifty chart all up moves Initiates Profit Booking (Sale) @ 29880, whereas all down moves initiate Short Covering (Buy) @ 29250
If Banknifty moves above 29685 then you should Buy with 1st Target of 30075 during the day or any point during the week by Trailing the Stop Loss from 29225- 29475- 29630- 29875- 30110- 30250 FOR the Target of 30270- 30465- 30700
If Banknifty moves below 29440 then you should Sell with 1st Target of 29050 during the day or any point during the week by Trailing the Stop Loss from 29880- 29650- 29500- 29255- 29025- 28875 FOR the Target of 28860- 26665- 28425

Conclusion:

As per the Nifty and Banknifty chart, the coming week would be very highly volatile because of the exit poll result, Lok Sabha election result 2019 and corporate earnings. You will get this kind of volatile week once in every five years. It is advisable to keep your position in hedge or book some partial profit. The street is expecting a stable government, the maha-gathbandhan and multi-gathbandhan can create instability and difference in opinion among parties. So let’s pray for the stable government with a huge majority for another five years for a stable stock market.
Also read, Key Factors likely to Drive Indian Stock Market ahead of Lok Sabha Election 2019

You would love to read, Investing in Stocks: Is It the Right Time to Invest in Mid and Small Cap Stocks
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Finogyan Team


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Nifty and Banknifty chart ahead of the Lok Sabha election result 2019 Nifty and Banknifty chart ahead of the Lok Sabha election result 2019 Reviewed by Finogyan on May 18, 2019 Rating: 5

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