EQUITY TECHNICAL REPORT (23-27 JAN) | STOCK MARKET TIPS

NIFTY 50 8349.35 (-51.00)↓(-0.61%)


The Nifty index opened negative note at 8391 and made a day low of 8374 taking support of 8374 and follow the buying trend. Nifty managed to close above the crucial level of 8400. On Tuesday, Nifty continued its range bound movement. The Nifty closed with a loss of 15 points at 8,398. The Nifty opened at 8,415 hitting a high of 8,441 and low of 8,378. The stock market erased morning gains and closed lower. On Wednesday, The Indian stock market was trading in green, Nifty50 settled the day above its 8400-mark, gaining 19 points. and Nifty finally closed at 8417. Nifty holds 8400 in a narrow trading range over past trading sessions. On Thursday, markets closed range bound session, Nifty is trading range bound at 8450-8400 and Nifty settled marginally higher, in the absence of any major trigger. On Friday, The Nifty  opened at 8404; 30 points below Thursday closing of 8435.Thereafter the index made a high of 8423 but could not sustain the same. Sharp selling was observed around 1 P.M. when Nifty broke its range low of 8373 and went on to make a low of 8341.
The new era of International politics has begun with Donald Trump coming into power. In his speech on Friday, US President Mr. Trump has signaled warning signs for the world and has pledged for the American People's growth. Next week is going to be very crucial as the markets would digest the Trump policies. The Nifty50 (spot) opened the week at 8390.95, made a high of 8460.30 low of 8340.95 and closed the week at 8349.35. Thus the Nifty closed the week with a losing of -51 points or -0.61%.

Formations
•The 20 days EMA are placed at 8296.52
•The 5 days EMA are placed at 8387.82

Weekly Pivot Levels for Nifty 50 Stocks


Weekly Top Gainers Stocks

Weekly Top Losers Stocks

Weekly FII’S Statistics*


Weekly DII’S Statistics*


MOST ACTIVE NIFTY CALLS & PUTS


MOST ACTIVE BANK NIFTY CALLS & PUTS

Weekly Recommendations:-

* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores)

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