AJANTAPHARMA NSE CASH:
Overall trend of the Stock is sideways for long term . For short-medium term stock is in consolidation phase. Last week, it started on positive note and traded with sideways movement throughout the week. On daily chart it has gave breakout of its major resistance Levels of 1000. On intraday chart it has gave breakout of trend line. If it manages to trade above the levels of 1008 than further upside move can be seen in it
For this week, traders can adopt buy on lower level strategy in it and above the level of 1008 it can test the level of Rs. 1044 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 988.

BAJFINANCE NSE CASH:
Overall trend of the Stock is bullish for long term . For short-medium term stock is in correction phase . Last week stock started on negative note but good buying was seen in it from lower levels throughout the week. On daily chart it is consolidating on lower levels and forming double bottom. If it manages to trade above 2370 levels than further upside move can be seen in it. In intraday it showed a good positive move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 2370 it can test the level of Rs. 2440 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 2326
Bank Nifty:
The Nifty Bank index started the last week on negative note on Monday and traded with negative sentiment throughout the week. The Bank Nifty fell 0.89 percent and comparatively remained resilient, but failed to surpass its major hurdle at 25,500 levels. Bank nifty is still looking bearish as it has formed a full bearish candle on weekly chart but some relief rally can be take place in it. If it managed to sustain above the levels of 25100 than it can go further up to 25600 levels, where major resistance is placed. while Down side support is placed at 24700 levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 25100. It can test the level of Rs. 25600 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 24750.
Nifty:
The Nifty futures started the last week on negative note on Monday and traded with negative sentiments throughout the week. Index continued to witness extreme volatility last week with the Nifty witnessing wild swings on both sides. The Nifty index corrected 273.35 points or more than 2.5% on a weekly basis to give closing on negative note. Last week bulls somehow managed to defend major support levels of 10000. On weekly charts index has formed strong bearish candle but there is a bright chance of a relief rally from lower levels. If index crosses 10310 in next week itself then it can test the levels of 10400 and than 480 from where the selling pressure was aggravated last time. Upside resistance is placed at 10410 & 10510 levels while support is placed at 10030 levels. On option front, maximum Put open interest (OI) was at 10000 followed by 9800 strike while maximum Call OI was at 10500 followed by 10800 strikes.
For this week, traders can adopt buy on lower level strategy in it and above the level of 10310. It can test the level of Rs. 10390 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10250.
Fundamentals:
Last week, our Indian Equity market was once again in the mood of sell off as Nifty index lost more than 250 points on weekly basis. Selling in Indian Equity market was ably supported by Global markets where most of the markets closed in huge red on weekly basis. On Sectorial basis Heavy across-the-board selloff on the NSE led to the sharp fall in the markets. Nifty IT and Private Bank indices were the biggest sectorial losers and declined ~2% each. Nifty FMCG and Bank also dropped 1.5% each. Further, among stocks, Infosys, ITC, TCS, Axis Bank, Kotak Bank, and Yes Bank were the major contributors to the fall on the index. On the local currency front, the Indian rupee was trading 6 paisa lower at 73.36 against the US dollar on Friday. The domestic currency had opened 17 paisa higher at 73.44 against the US greenback vs. Thursday’s close of 73.27.Overall Indian rupee was remained under pressure last week. Crude oil price remained negative throughout the week.
: Last week, JUSTDIAL Nov Futures started the week on positive note and after that it continued the downside trend. It made a high of 501.60 during the week and closed 435.35 with the overall loss of 9.20 % on weekly basis. Technically it made a Pull Back rally from lower levels and also giving trend line breakout. For this week, we can expect upside moves in it.
For this week, traders can adopt buy from trend line breakout strategy and above the level of 453.50, it can test the level of 483.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of 449.

Last week, BPCL Nov Futures started the week on negative note and after that it witnessed choppy movement for the entire week. It made a low of 262.50 during the week and closed 276.55 with the overall loss of 3.20 % on weekly basis. Technically it formed Dragaon Fly Doji and Spining Top pattern which are the good sign of reversal and for this week, we can expect upside movement in it.

For this week, traders can buy on lower level strategy in it and above the level of 280 it can test the level of 289 during the week. Trades can make buy position in it by maintaining a Stop Loss of 276.

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