NIFTY Outlook for the week of 12 Nov 2018 - 16 Nov 2018. |
NIFTY
|
Nifty View: Sideways to bullish move | Resistance: 10480-10750-10850 | Support: 10480-10450-10368 From the levels of 10477 to the levels of 10620, Nifty made a bullish move of 143 points during the last trading days after touching the lows of 10477 levels of the past week, and finally wrapped up the last week by closing at the levels of 10585.
Taking a look at the price charts, a small bullish candle along with negative crossover on the price charts has formed. RSI at 45.8 with some sign of slight positive divergence on the charts indicate a sideways to bullish move, ADX at 22.67 with -DI above the signal line and +DI in sync with the signal line indicates a sideways to upside trend strength, and MACD weakening in the negative zone indicates a sideways to upside move. |
BANK NIFTY
|
Bank Nifty View: Sideways to bullish move | Resistance: 25900-26200-26400 | Support: 25400-25100-24900 From the levels of 25534 to the levels of 25861, Bank Nifty made an approximately 327 points up move and closed at the levels of 25771.
Taking a look at the price charts, the formation of a small bullish candle along with negative moving average crossover set up and closing above the moving average line indicates a sideways to bullish move to continue. RSI at 48 with slight positive divergence indicates the strength for upside, ADX at 26.18 with –DI in sync and slightly in cross over position with +DI indicates a sideways to bullish move, and MACD weakening in the negative zone indicates a sideways to bullish move. |
INDIA VIX
India VIX moved from 19.19 to 17.76 and wrapped the week at the levels of 17.76. Volatility is expected to remain high between 15-17.
Weekly Pivot Levels
Index |
Resistance 2 |
Resistance 1 |
Pivot |
Support 1 |
Support 2 |
NIFTY 50 |
10703.67 |
10644.33 |
10560.67 |
10501.33 |
10417.67 |
NIFTY BANK |
26049.00 |
25910.00 |
25722.00 |
25583.00 |
25395.00 |
Activity as on 09 November 2018
FII |
DII |
+614.14 Cr. |
-337.28 Cr. |
Index* |
Latest Close |
Previous Day |
One Week ago |
One Month ago |
09-November-2018 |
07-November-2018 |
01-November-2018 |
09-October-2018 |
|
NIFTY 50 |
10585.20 |
10598.40 |
10380.45 |
10301.05 |
INDIA VIX |
17.7650 |
17.8775 |
19.1925 |
19.7550 |
NIFTY BANK |
25771.00 |
25737.50 |
25323.65 |
24527.65 |
NIFTY AUTO |
9277.75 |
9219.50 |
8814.20 |
8732.90 |
NIFTY FIN SERVICE |
10874.60 |
10860.80 |
10684.85 |
10212.45 |
NIFTY FMCG |
28731.05 |
28757.85 |
28355.10 |
27149.65 |
NIFTY IT |
14553.25 |
14674.45 |
14622.00 |
15369.80 |
NIFTY PHARMA |
9643.90 |
9511.60 |
9609.15 |
9638.75 |
NIFTY REALTY |
226.05 |
227.00 |
220.85 |
200.10 |
* indicates the numbers as of end of day (EOD).