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Global markets at a glance
The S&P 500 rose on Monday with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of US congressional elections. While the financial sector was boosted by earnings, the energy sector , which has lagged the broader S&P 500 this year, gained 1.6 percent after the United States imposed a range of punitive sanctions on Iran. Falling US Treasury yields helped defensive sectors such as real estate, utilities and consumer staples, which are sensitive to rising interest rates, according to traders. "Anytime utilities and consumer staples are up that's a little fear," said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh, citing the Iran sanctions as well as the Nov. 6 midterm elections Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.06 percent. The index was still headed for a sizable gain of more than 6 percent this week, during which it rose to a one-month high
Previous day Roundup
Key equity indices settled with modest losses on first trading day of the week due to negative Asian stocks. Key barometers remained in negative zone for majority of the day's trading session. The Sensex settled below the psychological 35,000 level after sliding below that level in early trade. The Sensex fell 60.73 points or 0.17% to settle at 34,950.92. The index rose 111.76 points, or 0.32% at the day's high of 35,123.41. The index fell 200.05 points, or 0.57% at the day's low of 34,811.60. The Nifty 50 index fell 24.80 points or 0.24% to settle at 10,528.20. The index rose 5.80 points, or 0.05% at the day's high of 10,558.80. The index fell 76 points, or 0.72% at the day's low of 10,477
1. Glenmark Pharma
As per market weakness the particular counter is moving in a downtrend but it has tendency to show some pull back from its support level and as per the hourly chart it has shown a sign of reversal with three bullish candle, buy on dip opportunity would be great opportunity to get so we advice you to buy cadilahc around 660-665 for the targets of 670/680/687 with stoploss below 652 .
2. Reliance FUTURE
On daily chart we have seen the strength as per the volume and RSI . Our view to buy the future in the range of 1103 – 1105. Target 1110/1115/1120. Sl 1092 Reliance shown the recovery from the support level 1020 . Stock is near to breach the supertrend level . Our recommandation to buy the stock & its future for long term also.
STOCK RECOMMENDATION CASH
Balrampur chini CASH
Our recommandation to buy the stock , government policy in favour of sugar stock . Stock made bottom near around lebel 90-95 . But in range of 106-108 Target 111/113 Sl 105
STOCKS IN NEWS
MRF Q2: Profit declines 12.3 percent to Rs 263 crore versus Rs 300 crore; revenue rises 9.4 percent to Rs 3,928.2 crore from Rs 3,591 crore; EBITDA falls 4.1 percent to Rs 581 crore versus Rs 605.7 crore; margin contracts to 14.8 percent versus 16.9 percent (YoY) Kilitch Drugs Q2: Profit jumps to Rs 4.5 crore versus Rs 2.23 crore; revenue increases to Rs 26.72 crore versus Rs 15 crore YoY.
Nifty 50 is trading on above its poivot level of 10555 , we have also seen that FII started buying in index futures and options .Our recommandation to buy nifty future in range of 10580-10590 . Buy on deep from above level.
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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Friday, 9 November 2018 at 1:36 PM
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