ASHOKLEY 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 upward trend line . On intraday chart it has shown good positive move. If it manages to trade above the levels of 122 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 122 it can test the level of Rs. 129 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 119.

PIDILITIND 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 positive note and good buying was seen in it from lower levels throughout the week. On daily chart it has formed double bottom on lower levels. If it manages to trade above 1020 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 1020 it can test the level of Rs. 1069 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 994

Technical outlook:
Nifty:
Last week selling nifty index started on positive note and continue its positive run throughout the week. We got some reversal in index last week as Nifty surpassing last Friday’s high of 10177 and since then there has been no stopping. Friday's session was fully dominated by the bulls as The market staged stellar performance on last day of the week as the Nifty from its opening trade remained strong throughout the session and surpassed 10,600 levels intraday Friday. It formed a bullish candle on daily as well as weekly scale. Now with Friday’s move, we are well above daily 20-EMA and hence, we expect continuation of this relief move towards 10700-10800 in days to come. On the lower side, 10450 followed by 10190 are seen as strong support levels for the forthcoming week. On option front, maximum Put OI was at 10,000 followed by 10,200 strikes while maximum Call OI was seen at 10,700 followed by 10,800 strikes.
For this week, traders can adopt buy on lower level strategy in it and above the level of 10570. It can test the level of Rs. 10690 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10499.

Bank Nifty:
The Nifty Bank index started the last week on positive note on Monday and traded with positive sentiment throughout the week. index give closing with more than 1000 points gain on weekly basis. Bank Nifty finally surpassed its crucial hurdle of 25,500-25,650 zone and extended its gains towards 25,850. It has formed a strong bullish candle on the weekly chart which suggests that bulls are holding tight grip. Now it has to continue to hold above 25,600 to extend its up move towards 26,200 then 26,500 while on the downside major support is seen at 25,400 then 25,200.

For this week, traders can adopt buy on lower level strategy in it and above the level of 25900. It can test the level of Rs. 26500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25550.
Nifty:
Fundamentals:
Pre-Diwali week brought back some joy in our Indian equity market as Nifty index showed some smart recovery in last week which provide much needed happiness in the traders and Investors fraternity ahead of festival week. HDFC was the major contributor to the Nifty's gain followed by HDFC Bank , Reliance Industries , Indian Oil Corporation and Maruti Suzuki . The Nifty PSU Bank has outperformed other sectoral indices with a gain of 13.6 percent during the week. This recovery was seen in all major world indices as most of the markets remained bullish throughout the week and gave closing on positive note with more than 2% gain on weekly basis. Few macro factors like Crude Oil correcting from higher levels as well domestic currency softening led to this much awaited hope rally. On a weekly basis, the rupee gained over a percent against the dollar as it ended Friday (November 2) higher by over a rupee at 72.43. Last Friday, the rupee ended at 73.46 against the dollar. There were couple of tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last week’s low. The Nifty index surged 5.2 percent, or 523 points, to close at 10,577.05.
ASHOKLEY 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 upward trend line . On intraday chart it has shown good positive move. If it manages to trade above the levels of 122 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 122 it can test the level of Rs. 129 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 119.

PIDILITIND 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 positive note and good buying was seen in it from lower levels throughout the week. On daily chart it has formed double bottom on lower levels. If it manages to trade above 1020 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 1020 it can test the level of Rs. 1069 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 994
Nifty:
Fundamentals:
Pre-Diwali week brought back some joy in our Indian equity market as Nifty index showed some smart recovery in last week which provide much needed happiness in the traders and Investors fraternity ahead of festival week. HDFC was the major contributor to the Nifty's gain followed by HDFC Bank , Reliance Industries , Indian Oil Corporation and Maruti Suzuki . The Nifty PSU Bank has outperformed other sectoral indices with a gain of 13.6 percent during the week. This recovery was seen in all major world indices as most of the markets remained bullish throughout the week and gave closing on positive note with more than 2% gain on weekly basis. Few macro factors like Crude Oil correcting from higher levels as well domestic currency softening led to this much awaited hope rally. On a weekly basis, the rupee gained over a percent against the dollar as it ended Friday (November 2) higher by over a rupee at 72.43. Last Friday, the rupee ended at 73.46 against the dollar. There were couple of tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last week’s low. The Nifty index surged 5.2 percent, or 523 points, to close at 10,577.05.
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