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November 11, 2021

The BSE sensex closed the shop at 59,919Down by 433 points and the Nifty close the day at 17,886 by loosing130 points.

On the Upside:  Titan,Hindalco, JSWSTEEL, TCS

On the downside-SBIN, ONGC, SBILIFE, Bajajfinsv


Tech View:-.Third consecutive day we have witnessed indices started lower due to global cues. The start of the session  BSE Sensex was quoting at 60,133 levels, down 220 points or 0.36 per cent.

We have seen Nifty have tested the support level 17800 we have seen recovery from this level finally at the end market have closed in Red with the loss of 130 point at 17886, BSE sensex settled on the loss of 433 points at 59,919, However; Nifty formed Bearish candle on daily chart which indicate market may feel selling pressure which will drag market further down, Going forward 17700-17750 will act as a strong support and 17900-18000 will stay as a strong resistance. RSI and MACD indicating down trend may continue.


European & USA markets:  @ IST 3:50 European markets were trading atPositivenote. Where the Germany’s DAX tradingPositiveby 0.24 %, Other hand France’s CAC40 indexrunningPositiveby 0.30% where, England’s FTSE100 indexPositiveby 0.33%.

Where; wall street @ IST 03:50 The DOW future contract tradingPositive 58points, S&P 500 Future trading Positive17.50 points, Where; Nasdaq100 futurePositive 108points.


Global News Analysis:


South Korea’s central bank chief on Thursday said the country’s growth momentum remains solid as expected earlier thanks to improving private consumption, while inflation will exceed earlier expectations for the time being.

Japan’s economy likely contracted in the third quarter as curbs to stop a coronavirus resurgence and supply bottlenecks hurt consumption and output, a Reuters poll of economists showed on Thursday.

USA:-The dollar traded higher Thursday, climbing to 2021 highs, as soaring U.S. inflation lifted expectations that the Federal Reserve will start raising interest rates relatively soon



SINGAPORE/HONG KONG – Cash-strapped developer China Evergrande Group averted a destabilising default at the last minute for the third time in the past month, with a source on Thursday saying several bondholders had received overdue coupon payments.