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SGX Nifty Indicates Positive Opening: Q2 GDP Data to Release Today – Marketsmith India

Distribution Day: Two

Yesterday, Nifty opened on a slightly positive note. It quickly succumbed to selling pressure and turned negative to make an intraday low of 12,790. Fresh buying was seen post noon as Nifty rallied more than 200 points from the day’s low. Yesterday’s session was highly volatile as the November month futures and options contracts expired. Further, market participants will keep an eye on Q2 GDP data, which will be released today.

On the sectoral front, all the sectoral indices closed in the green. Nifty Metal (+3.9%) advanced the most, followed by PSU Bank (+1.9%) and Fin Services (+1.6%). Market breadth was in favour of advancers. Of 2,215 stocks traded, 1,261 advanced, 588 declined, and the rest remained unchanged.

We are in a Confirmed Uptrend but need to be prudent and cautious while adding fresh positions, as Nifty is currently trading ~20% above its 200-DMA, which is rare. We might expect some pullback in the market. However, a small pullback/consolidation is a constructive sign if Nifty holds its 21-DMA. It is advised to closely review the existing positions and book partial profits in stocks that are extended from their moving averages. We will look for leadership among some good stocks to push the market up. On the flip side, tracking distribution days is crucial. An accumulation of distribution days can halt the uptrend.

Key News

Yesterday, the FIIs bought Rs 2,027.3 crore, while the DIIs sold Rs 3,400 crore.

Tube Investments Of India Ltd acquired a controlling interest in CG Power and Industrial Solutions via an allotment of equity shares and warrants.

Au Small Finance Bank made a strategic investment of Rs 7.70 crore to acquire about 0.44% stake in NPCI.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 72%; Rally Attempt, 8%; Uptrend Under Pressure, 20%; Downtrend, 0%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 88%; Rally Attempt, 0%; Uptrend Under Pressure, 12%; Downtrend, 0%.

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Natural Ways To Treat Skin Disorders In A Cost-Effective Manner

Acne, shingles, cold scores, warts and infections are some conditions that can damage skin layers and cause deep changes in the dermis. Skin disorders can be severe in conditions where the renewal of the proteins on the dermis is slow. Proteins help to rebuild elastin and collagen. The reaction of glucose can make dermis more resistant to renewal as it modifying proteins. The cross linking of fibers and disorganizing networks of the skin make the skin structure gets rigid and less soluble. This stage of maturation of elastic fibers and collagen causes breakdown of the fibers and loss of elasticity resulting in formation of signs of aging on skin. This process of loss of skin elasticity can be reversed by taking natural ways to treat skin disorders.

If is very difficult to diagnose skin conditions that can vary from simple rashes to deeper infections while identifying possible causes for the symptoms of skin conditions can be a complex process. Ayurvedic cures for skin conditions provide ways to improve elasticity of skin by improving cell structure. The natural ways to treat skin disorders offer skin friendly antiseptics and anti-inflammatory extracts. The combination of Golden Glow capsules and Chandra Prabha Ubtan provides internal and external detoxification and nourishing effects on body cells to promote skin health.

Golden Glow is made up of herbs such as Ocimum sanctum, Dolichos biflorus, Curcuma longa Linn, Exadirecta indicam, Rubia cordifolia, Crocus sativus etc. These herbs provide natural ways to treat skin disorders as it contains phyto-components having anti-ulcer and anti-microbial effects on skin. The herbs work as sunscreen on skin, and help in reviving the skin cells damaged by harmful radiations and chemicals. The skin type susceptible to acne and pimples can get back the nourished and glow skin back, if the herbal capsules are taken regularly for three weeks. The herbs in the capsules help to prevent hardness of fibrous skin tissues to prevent damage and also the herbs can repair damaged skin tissues.

Ocimum sanctum or holy basil has several applications in the traditional system of medicine. It can be taken regularly with herbal tea and can help in preventing conditions of hypertension, diabetes, bronchitis and it has anti-microbial effects. It is anti-inflammatory, hepato protective and can improve gastro-intestinal health. It can prevent oxidative stress related damage to tissues. The intake of herbal capsules made up of the herb helps to improve gastrointestinal functions to enhance absorption of nutrients into the body to promote skin health and revive power of dermis to repair itself fast. The herb provides wound healing and can act as potent therapeutic agent. The extract of the herb has anti-ulcerogenic property as it can reduce acid secretion and increase mucus secretion.

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Nifty Ends Volatile Session in the Green; Realty and Metal Stocks Lead Gains

Market Pulse Confirmed Uptrend

Distribution Day Count: Two

Nifty opened on a flat-to-positive note today and quickly turned negative. It moved in a narrow range in the first half of the session. In the second half, it was highly volatile, selling pressure was followed by buying, which helped Nifty close in the green. 72% of the Nifty50 stocks advanced today, led by Gail (India) (Nse) (+5.0%) and Oil & Natural Gas (+4.1%).

Barring financial-related sectoral indices, all the indices closed in the green. Nifty Realty (+2.9%) and Metal (+2.6%) were the major advancers. Market breadth was inclined toward advancers. Out of 2,224 stocks traded, 1,093 stocks advanced, 749 declined, and the remaining stocks unchanged.

Though we are in a Confirmed Uptrend, we need to be prudent and cautious while adding fresh positions, as Nifty is currently trading ~22% above its 200-DMA, which is rare. We expect some pullback in the market. However, a small pullback/consolidation is a constructive sign if Nifty holds its 21-DMA. It is advised to closely review the existing positions and book partial profits in stocks that are extended from their moving averages. We will look for leadership among some good stocks to push the market up. On the flip side, tracking distribution days is crucial. Accumulation of distribution days can halt the uptrend.

Key News

Pfizer (Nse): Shares jumped 5% intraday after media reports emerged that the U.K. has authorized the Pfizer-BioNTech COVID-19 vaccine for use. The stock closed 2.3% higher.

Ncc bagged four orders in November totaling Rs 3,905 crore. One order belongs to the water division worth Rs 848 crore, remaining three belong to the building division.

Burger King, the second largest burger brand globally, launched a Rs 810 crore IPO issue. The issue opened today and closes on Friday. It is already subscribed 2.6 times. The retail portion is subscribed 13 times. The price band is fixed at Rs 59-60 per share.

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