Daily Analysis of Stock Market – NIFTY – 05th November 2020

Daily-Analysis-of-Nifty

On Thursday, The market had a gap up opening and remained in the green for the whole session. At the closing, the market closed in the green. The market was very much volatile today because of the weekly expiry. The Nifty index closed at 12,120.30, The Nifty bank index closed above and hold 26,313.10, and the Sensex settled above 41,340.16. The Nifty index gained around 211.80 points, The Nifty bank index gained around 541.50 points, and the Sensex gained 724.02 points in a single day.

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Today, the Nifty index opened at 12,062.40 went up to 12,131.10, and closed at 12,120.30, after making the low of 12,027.60. Nifty Bank index opened at 26,174.80 and stayed volatile between the high of  26,375.20 to the low of 26,000.05, and closed at 26,313.10.

Daily Analysis of Stock Market – NIFTY – 05th November 2020 1

According to the Nifty Daily chart, Today the Nifty broke 12,020 levels, Now Nifty can go towards 12,200 to 12,400 levels Alternatively, If the Nifty breaks and sustain below 12,020 levels, then it might retest 11,800 to 11,700 levels.

NEWS HIGHLIGHTS

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  • Rupee zooms 40 paise to 74.36 against the US dollar.
  • Bank of England deploys 150 billion pounds stimulus as coronavirus lockdown begins.
  • Pidilite Ind Consolidated September 2020 Net Sales at Rs 1,880.33 crore, up 4.08% Y-o-Y.
  • Alembic Consolidated September 2020 Net Sales at Rs 16.76 crore, down 29.13% Y-o-Y.
  • Jubilant Life Consolidated September 2020 Net Sales at Rs 2,374.89 crore, up 4.81% Y-o-Y.
  • HPCL Consolidated September 2020 Net Sales at Rs 51,832.41 crore, down 14.96% Y-o-Y.
  • Lupin Consolidated September 2020 Net Sales at Rs 3,835.00 crore, down 12.03% Y-o-Y.
  • SBI Consolidated September 2020 Net Interest Income (NII) at Rs 31,019.83 crores, up 13.83% Y-o-Y.
  • PIF-Reliance Retail deal: Saudi fund to buy 2.04% in RIL unit for Rs 9,555 crore.

Trading zone for the Nifty index on 05th November 2020

Upside Resistance:-  12,158, 12,197, 12,261.

Downside Support:-  12,054, 11,990, 11,951.

Nifty 50

AdvancesDeclines
4802

In the Nifty 50, 48 stocks traded in green and whereas only 2 were declined on 05th November 2020.

Top 5 Nifty Gainer and Loser

Gainer%Loser%
Hindalco6.15Hero Motocorp-0.80
SBI5.63HDFC Life-0.37
Induslnd Bank5.36
Tata Steel5.35
BPCL5.00

The most active value-wise stocks were Reliance, SBI, Bajaj Finance, Induslnd Bank, HDFC Bank, and the volume-wise were SBI, NTPC, Tata Motors, ICICI Bank, ITC.

Results To Be Declared Tomorrow
Bosch
Voltas
Tata Consumer
Manappuram Finance
Bharat Electronics
IOB
Aditya Birla Fashion
ITC
REC LTD
Balkrishna industries
MRF
Cipla
Glenmark Pharma
Bank Of India
Vedanta
SAIL
BHEL
Ashok Leyland

FII and DII trading activity on NSE, BSE, and MSEI on Capital Market Segment as on 05th November 2020

FII (Cr.)DII (Cr.)
5368.31-2208.18