Stock Market Update 27-11-2018

Stock Market Update India
Indian Stock Market Update

Market Outlook

Nifty Witnessed a rally of 120 points from previous day close of 10527 as Statement made by European Commission President that “Brexit was the best deal for Britain”.

Nifty Closed on 10628 ( 26.11.2018)



Nifty manage to close above 10620 which is a good sign for Bull. 10650 likely to be crucial pivot point. On the technical front market looks Flat around 10600-10650 zone. Once cross 10650 significantly market likely witness strong rally towards next point of Resistance 10728. If Market manage to break 10600-10580 Level again market slide to downside towards Intermediate support level of 10500.

F&O Ban Stocks: Adani Power, Adani Enterprises,DHFL, Jet Airways.

Key Event to Watch

Federal Reserve Vice Chairman Richard Clarida speaks in New York on Tuesday and Chairman Jerome Powell addresses the New York Economic Club on Wednesday.

Todays Stock Recomendations :

Buy HEXAWARE  with the Target of 317-323 and Stop Loss : 304.00
Buy IBVENTURES  with the Target of 440 and Stop Loss : 425 (Made High of 434)
Buy  UFLEX with the Target of 300 and Stop Loss : 285 ( SL Hit )
Buy GODREJCP with the Target of 760 and Stop Loss : 739 (Gap Down )