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Nifty Prediction Today – 16 November 2021
On Monday, 15th Nov 2021- Nifty open higher side at 18,140.95, and started rising upside to High at 18,210.15 @ 9.25 AM, then started falling down to Low 18,071.30 and finally Close at 18,109.45 with a small point +6.7 UP.
In the 1H chart, still Nifty seems to move sideways, which indicates mixed trends.
Still, also Super-Trend and RSI indicators are both in a positive zone. Now we have a Super trend line is at 17965, which acts as support. RSI is also moved between 50-60 marks, which shows the trend is still showing strongness.
The chart shows that yesterday, Nifty Cash makes the new HH at 18210 and is still in the UP trend with the HH-HL combination. Support and Resistance Line plotted on a chart to get more trend confirmation.
Please Read also in Hindi Here > Types of Trends in stock Market
Nifty Support and Resistance
Close : 18,109.45
Pivot Point Level: 18,130
| Support | Resistance |
| S1 – 18,090 | R1 – 18,160 |
| S2 – 18,050 | R2 – 18,190 |
| S3 – 17,990 | R3 – 18,270 |
| S4 – 17,920 | R4 – 18,340 |
Bank Nifty Prediction Today – 16 November 2021
On Monday, 15th Nov 2021, Bank Nifty open higher about +130 points at 38,849.45, and started moving UP to High at 39,117.15 @ 9.20 AM, then started falling down about @ 500 points from High and make Low at 38,606.60 and finally Close at 38,702.35 with -31 points DOWN.
In the 1H chart, Bank Nifty Cash still remains in a bearish trend.
Still, Super-Trend and RSI indicators remain in the Negative Zone. Now Super trend line Resistance is still at 39175 and RSI is also moving in the range 40-50 (Only moves above 60 level will give +Ve Sign).
The chart shows that Bank Nifty Cash makes the new LL at 38346 and still maintains the trend of Downside with the LL-LH combination.
Bank Nifty Support and Resistance
Close : 38,702.35
Pivot Point Level: 38810
| Support | Resistance |
| S1 – 38,500 | R1 – 39,010 |
| S2 – 38,300 | R2 – 39,320 |
| S3 – 37,790 | R3 – 39,830 |
| S4 – 37,280 | R4 – 40,340 |
FIIs and DIIs Data
On Monday, 15th November 2021
FIIs are net Buyers of Rs.424.74 crores (8557.01 – 8132.27) And DIIs are net Buyers of Rs. 1524.67 crores (6336.76 – 4812.09) in the cash market.
Results Highlights
> Ipca Laboratories Ltd.: Net Revenue at Rs. 1544.4 crore, +13.5% YoY, and-1.4% QoQ. EBITDA at Rs. 365.6 crore, +1.5% YoY and -12.2% QoQ. EBITDA Margin at 23.7%, -279 bps YoY and -293 bps QoQ. Net Profit at Rs. 252.4 crore, -5.4% YoY and -17.7% QoQ.
> Godrej Industries Ltd.: Net Revenue at Rs. 3280.2 crore, +37.5% YoY, and+13.5% QoQ. EBITDA at Rs. 168.6 crore, +26.1% YoY and +18.6% QoQ. EBITDA Margin at 5.1%, -46 bps YoY and +22 bps QoQ. Net Profit at Rs. 200.9 crore, -1.5% YoY and +8% QoQ.
> Manappuram Finance Ltd.: NII at Rs. 1039.6 crore, +4.5% YoY and -2.9% QoQ. Net Profit at Rs. 369.9 crore, -8.8% YoY and -15.3% QoQ.
> Dilip Buildcon Ltd.: Net Revenue at Rs. 2855.5 crore, +30.6% YoY, and+17.1% QoQ. EBITDA at Rs. 52.5 crore, -88.4% YoY and -88.5% QoQ. EBITDA Margin at 1.8%, -1885 bps YoY and -1687 bps QoQ. Net Profit at Rs. -444.6 crore, -2657% YoY and -1452.5% QoQ.
> Thyrocare Technologies Ltd.: Net Revenue at Rs. 176.2 crore, +15% YoY, and+7% QoQ. EBITDA at Rs. 89.3 crore, +44.2% YoY and +25.4% QoQ. EBITDA Margin at 50.7%, +1028 bps YoY and +741 bps QoQ. Net Profit at Rs. 77.7 crore, +80.6% YoY and +39.9% QoQ.
> Arvind Fashions Ltd.: Net Revenue at Rs. 812.1 crore, +112.5% YoY, and+154.4% QoQ. EBITDA at Rs. 56.2 crore, Rs. -37.5 crore YoY and Rs. -45.9 crore QoQ. EBITDA Margin at 6.9%, +1672 bps YoY and +2130 bps QoQ. Net Profit at Rs. -24.8 crore, Rs. -157.5 crore YoY and Rs. -119.3 crore QoQ.
Very Soon will start Nifty and Bank Nifty Option Analysis ….
And also Many more… Analysis
> Stock Picks for Today: Buy Zomato Ltd ( ₹ 160.30 )
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