20th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory. Photo of the Day | Sunrise of Hpa-an The Nifty rose 0.96% from the previous close to end at 10215 levels. Value fishing at lower levels and the strength in Asian markets helped domestic equity markets rise yesterday for the first time in four days. Selective accumulation in IT, banking and oil & gas counters further lifted the sentiments. Read More:: Expert Trading Calls - 17th November 2017 Nifty For the day to watch India’s FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached. The index may face resist...
Asian shares rose on Friday as strong US earnings and a step forward in the US Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts.
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MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent while Japan's Nikkei gained 0.9 percent, extending its recovery from a near three-week intraday low hit the previous day.
Wall Street's main indexes rose sharply on Thursday, boosted by strong gains in Wal-Mart and Cisco following their earnings.
The S&P 500 advanced 0.82 percent to turn positive for the week, a day after hitting a three-week low, while the Nasdaq Composite added 1.3 percent to a closing record high of 6,793.29.
Buy Sun Pharmaceutical Industries at a price target of Rs 530 and a stop loss at Rs 498 from entry point.
Buy Steel Authority of India (SAIL), target Rs 85: Shrikant Chouhan
Buy Steel Authority of India (SAIL) at a price target of Rs 85 and a stop loss at Rs 74 from the entry point.
Buy BF Utilities at a price target of Rs 485 and a stop loss at Rs 450 from entry point.
Buy Bank of India, target Rs 220: Shrikant Chouhan
Buy Bank of India at a price target of Rs 220 and a stop loss at Rs 200 from entry point.
Buy Bank of Baroda, target Rs 195: Kunal Bothra
Buy Bank of Baroda at a price target of Rs 195 and a stop loss at Rs 175 from entry point.
Sell Adani Ports & Special Economic Zone, target Rs 375: Manas Jaiswal
Sell Adani Ports & Special Economic Zone at a price target of Rs 375 and a stop loss at Rs 406 from entry point.
Buy Manappuram Finance, target Rs 105: Manas Jaiswal
Buy Manappuram Finance at a price target of Rs 105 and a stop loss at Rs 96 from entry point.
Buy Arvind, target Rs 440: Chandan Taparia
Buy Arvind at a price target of Rs 440 and a stop loss at Rs 413 from entry point.
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Source: ET
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