Indian equities to open higher backed by strong global cues


Equity tips:-
  • SGX Nifty indicating a positive opening for the Indian markets.
  • Global markets Asian markets are zooming higher backed by strong global cues.
  • Hong Kong’s Hang Seng index breaks the important level of 30,000 in its opening while all the other indices are trading near day’s high with Nikkei up 0.77%, Shanghai Composite up 0.7%.
  • US: Markets witnessed a stellar rally in yesterday’s trade with all the major indices ending the day on a positive note.
  • The Dow climbed up 160 points to 23,590 level, the Nasdaq edged up 72 points or 1.05% to 6,862.48.
  • Europe also managed to close in the green yesterday with FTSE up 0.30%, CAC up 0.48%, DAX up 0.83%.
  • FII /DII Data: In yesterday’s trade FII’s sold 729 crores stock in the cash market whereas DII’s bought 825 crores worth of stock.


Support / Resistance: Intraday
Nifty: 10298

S1 - 103050 S2-10300

R1  10420             R2 -10500

Support / Resistance: Intraday
Bank Nifty: 25728

S1 - 25700 S2-25600
R1 - 25900 R2 -26000


Nifty Highest Open Interest:
Call: 10500 / Put: 10300

Bank Nifty Highest Open interest: (23rd Nov 2017 Expiry)
Call: 26000 / Put: 25500

  • Securities in Ban Period: DHFL, DLF, HDIL, ICIL,  INFIBEAM, JISLJALEQS, JPASSOCIAT, JUSTDIAL ,JSWENERGY, KSCL, RCOM, RELCAPITAL, TV18BRDCST, WOCKPHARMA.
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