Daily Insights

Nifty closed at 18409.65 up by 0.03 percent

NiftyTrader • November 16, 2022

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Index	Price	Change	% Chg
NIFTY 50	18409.65	+6.25	+0.03%
NIFTY BANK	42535.30	+162.60	+0.38%
BSE SENSEX	61980.72	+107.73	+0.17%

Daily closing price, change and % change of benchmark indices.

Nifty closed at 18409.65

NSE Nifty 50 ended just higher by 0.03 percent. Nifty near 18410. Benchmark indices closed in green today at 18406.65. Today, there was a power balance between bulls and bears.

Today the NSE bank opened at lower and closed in higher. Nifty Bank up by 0.38 percent. Closed in green today at 42535.30.

BSE Sensex near 61985 also closed in green. BSE was up by 0.17 percent and closed at 61980.72. Sensex also started at lower and ended in green.

On the Economic news front, Exports contract 16.6 percent in October for the first time in the current fiscal year, whereas imports rise 5.7 percent mostly because of an increase in fuel and fertilizers price. Rising inflation, currency volatility and ongoing Russia- Ukraine war is a major reason behind the exports contraction and rise in imports.

chart

Today, the advance-decline ratio was 0.62, and the market breadth was negative. The volatility index India Vix, on the other hand, further increased 3.17 percent to settle at 15.10.

DAILY MARKET ACTION
Advancers – 843
Decliners – 1368
52Wk High – 58
52Wk Low – 39
High Band Hitters – 64
Low Band Hitters – 67
200d SMA – 17005
50d SMA – 17638
20d SMA – 17967

Top Gainers and Losers

The top gainers were Kotak Bank (+2.68%), Coal India (+1.34%), HDFC (+0.92%), Hindustan Unilever (+0.92%), and TCS (+0.82%).

The top losers were Apollo Hospitals (-2.56%), Adani Ports (-2.35%), Hindalco (-2.34%), Bajaj Finance (-2.15%), and Adani Enterprises (-2.04%).

Sectors & Broader Indices

The top gainers were Financial Services (+0.34%), IT (+0.29%), and FMCG (+0.00%).

The top losers were Metal (-1.94%), Media (-1.44%), Realty (-1.03%), Oil & Gas (-0.75%), and Consumer Durables (-0.44%).

The Nifty Midcap 50 was down by 0.90 percent, while the Nifty Small Cap 50 down by 0.68 percent.

SECTORS – NOTABLE ACTION
FINANCIAL SERVICES +0.34%
IT +0.29%
FMCG +0.00%
METAL -1.94%
MEDIA -1.44%
REALTY -1.03%

Daily Pivots

S2	S1	R1	R2
18301	18355	18453	18497

Daily Nifty Pivots

The Nifty trading range for tomorrow is 18350 to 18460.

Read previous -Daily Insights- here
Nifty closed at 18403.40 up by 0.41 percent
Nifty closed at 18329.15 down by 0.11 percent
Nifty winning streak continues

This article is only for educational purposes and is not an investment advice.

NiftyTrader

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