Replete Bell Indian Equity Market Update

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Replete Bell – Monday 1st, January 2018

Indian equity benchmarks slipped the most in a month, while a gauge of volatility for stocks surged to a two-week high. The S&P BSE Sensex fell 0.72 percent to 33,812 while the NSE Nifty 50 Index dropped 0.9 percent to 10,435. The bulk of the Monday’s losses came in the final hour of the session. The market breadth, however, was encouraging with buyers outnumber the sellers by at least 2:1 on the BSE. Thirteen out of the 19 sectoral sub-indices compiled by the bourse declined with an index of auto companies losing the most. Wipro was the best while TCS was the worst performer on the Sensex.

Bandhan Bank files for DRHP with SEBI

Bandhan Bank Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India for its proposed initial public offering of up to 11.92 crore equity shares of face value of Rs 10 each. The IPO consists of a fresh issue of up to 9.76 crore equity shares and an offer for sale of up to 1.40 crore equity shares by International Finance Corporation; and up to 75 lakh equity shares by IFC FIG Investment Company. The equity shares are proposed to be listed on BSE and NSE.

Maruti Suzuki Gains After Dec. Sales Rise

Shares of the country’s largest carmaker rose recovered early losses and rose 0.3 percent after reporting a 10.3 percent rise in December sales. The automaker sold 130,066 units in December, compared to 119,286 in the same period last year, the company said in a notification. Exports, however, dipped 6.2 percent to 10,780.

HDFC Standard Heads For Record After CLSA Boost

HDFC Standard Life Insurance headed for a record as CLSA expected the firm to extend its share in the local market from its current 7 percent due to a“wide distribution network and innovative product suite.” The broking firm expects the life insurer’s new premiums to rise 24 percent annually in the four financial years through March 2020. It has kept a price target of Rs 455 on the stock. Shares gain as much as 3.6 percent and were set for highest closing since their listing on Nov. 17.


Phoenix Mill Rises After Acquiring Shares In Graceworks

Shares of Phoenix Mill rose as much as 5.24 percent after the company acquired a stake in its subsidiary. The company has entered into a share purchase agreement with HBS Realtors for the acquisition of entire 22.67 percent shareholding of HBS in Graceworks Realty & Leisure, a subsidiary of Phoenix Mill.

News Source- Bloomberg

Technical summary by Replete Equities for 2nd Jan 2018

Indian Equity

From last few sessions, we saw Nifty is trading in a range only. Nifty facing strong strong resistance at 10500 levels. today we saw a sharp upside in India VIX index around 13% results a sharp decline in Nifty in last hour. Now 10336 is a strong support on the daily chart. close below will lead to more downside levels. overall Uptrend is looking Under Pressure. so trade with proper stop loss and risk management.

NSE NIFTY is long-term Bullish as the 144 days moving average of 9,989.95 is increasing. The Relative Strength Index is at 55.28 in the neutral territory. The Relative Momentum Index is at 68.50 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 135.06, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 42.88. This value is in the neutral territory.

We have detected an Isolated High at 10,538.70 one bar ago; this is usually a bearish sign that is not to be used alone!

Weekly Pivot Point Resistance and Support

The first weekly resistance level is at 10,568.58 while the second resistance level at 10,606.47. The first weekly support level is at 10,476.63 while the second support level is at 10,422.57.

Additional information:-

Tomorrow’s projected High: 10,486.70, the projected Low:10,371.95. The top 21-day Bollinger band is at 10,691.74 while the bottom 21-day Bollinger band is at 10,082.46.

Replete Portfolio Performance:-

Today our Model Portfolio Advance by 0.22% compared to nifty Decline by 0.90%.  for more detail join our telegram channel. CLICK HERE 

What do you feel about our work? Please, give your Feedback and suggestion in the comment box. Thank you so much. Have a profitable trading.

DISCLAIMER: – we are not a SEBI research analyst. Views posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods.  This information should only be used by investors and traders who are aware of the risk inherent in securities trading.


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Sachin Sival is the founder and CEO of Replete Equities, an options trading company that specializes in delta hedging. A self-taught trader, Sachin has a passion for volatility trading and stock trading. Sachin loves to hone his skills by reading up on new strategies and techniques as well as taking part in industry events. In addition to being a successful entrepreneur, Sachin also takes pleasure in photography - as a hobby.

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