NIFTY kicked off October trading month with a good start


Updated 5:25 pm

How well the EQSIS recommendations performed today 1 October?

Market Sentiment: We concluded the market sentiment as bearish as market grinding lower in the first hour of trade.

1. EQSIS Intra: Short LT below 1238 Target 1230 Stop above 1245 CMP 1239

This call was picked in the morning as this stocks was seen under-performing well along with good liquidity.

Result: Target

This call was initiated as expected and achieved the target.

2. EQSIS Intra: Short ONGC below 175 Target 172.7 Stop above 176.85 CMP 176

This call was given in the morning as this stock was seen under-performing well with along with Energy sector.

Result: Stop Loss

This call was initiated and was grinding lower but unfortunately struck in the trend reversal and triggered the stoploss.

3. EQSIS Intra: Short ITC below 295 Target 293.1 Stop above 296.5 CMP 296

This call was given as this stock was seen under-performing along with FMCG sector.

Result: Stop Loss

This call was initiated and was grinding lower with good momentum but unfortunately missed the target and triggered the stoploss.

4. EQSIS Intra: Long HINDALCO above 240.35 Target 243 Stop below 238.2 CMP 239.5

This call was picked in the afternoon as this stock was performing well along with good surge in volume.

Result: Target

This call was initiated as expected and achieved the target.

5. EQSIS Intra: Long HDFC above 1791 Target 1804.8 Stop below 1780 CMP 1790

This call was picked in the afternoon as this stock was performing well with along with NBFC sector.

Result: Target

This call was initiated as expected and achieved the target.


Updated 7:00 pm

Top Stocks To Watch On Wednesday 3 October

YESBANK surged by 9.37% and settled at Rs.200.85. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is listed in top traded counters. The technical indicator RSI indicates oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 199.

DHFL surged by 15.84% and closed at Rs.318.5. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is the most active stock. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 268.

BHARTIARTL slipped by 3.49% and finished at Rs. 326.75. Trading volume increased by 82 percent on Monday. Noticeably 64% of the trades are deliverable volume. It is heading for bearish breakout. It is frequently scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 393.

Derivative traders were aggressive in exiting short positions. Open interest reduced by 2.66 %. The technical indicator RSI signals oversold scenario.It is steadily breaking low for 3 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 67.

BEML dipped by 3.96% and ended at Rs.585.35. Trading volume increased by 45 percent on Monday. But most of the trades are intraday in nature. There could be It is frequently breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 837.

JPASSOCIAT surged by 6.06% and closed at Rs.7. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. The technical indicator RSI indicates oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 12.

INDUSINDBK declined by 2.8% and closed at Rs.1642.65. Trading volume rose by 91 percent on 1 October 2018. Surprisingly 70% of the trades are deliverable volume. It Indicates bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 1907.

CENTURYTEX volume increased by 49 percent. Yet majority of them are settled intraday. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.69 %. It is trading below its recent support zone. The Near term resistance is seen around 974.

GMRINFRA witnessed Bullish Engulfing pattern on daily chart. Derivative traders were aggressive in exiting short positions. Open interest reduced by 2.94 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 15.

JUSTDIAL witnessed Star pattern on daily chart. JUSTDIAL volume spiked by 153 percent at last trading day. Yet largely the volumes are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 474.

Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.39 %. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 96.

IDBI surged by 7.77% and finished at Rs. 54.1. Trading volume spiked by 65 percent on Monday. Yet largely the volumes are intraday trades. It is trading inside the trading range. The Support is seen around 49 and resistance is seen around 63.

 


Updated 5:05 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.71% percent to settle at 11008.30 on Monday. Indian Equity benchmark NIFTY snaping their three-day losing streak in the first trading session of the monthboosted by financial and Information Technology ahead of a key policy meet later this week.

All sector gauges compile by NSE barring NIFTY REALTY ended higher led by NIFTY PSU BANK, NIFTY IT, NIFTY PSU BANK, NIFTY MEDIA, NIFTY METAL and NIFTY FIN SERVICE indexes as top gainers.

From the NIFTY50 basket of shares YESBANK, HINDALCO, IBULHSGFIN, HDFC and SBIN ended as top gainers while BHARTIARTL, HINDPETRO, AXISBANK, ULTRACEMCO and INDUSINDBK are top losers.


Updated 2:11 pm

Bharat Petroleum Corporation Limited

  • Bharat Petroleum Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.: Appointment of Shri Arun Kumar Singh as Director (Marketing).

Updated 12:53 pm

Cadila Healthcare

  • Cadila Healthcare announced  that ”Zydus receives final approval from the USFDA  for Desoximetasone Cream USP”.

Updated 10:27 

Maruti Suzuki Sales for September 2018


Updated 9:37 am

Currency Update

  • The Indian rupee opened lower by 12 paise at 72.60 per dollar on Monday versus previous close 72.48.

Updated 9:15 am

Top News Of The Day

IL&FS To Raise Fund

  • IL&FS to raise Rs 150 billion and hike the borrowing limit. The borrowing limit has increased from Rs 250 billion to Rs 350 billion.

Car Sales Accelerate In East India

  • The sales of cars in east India surged 27% during the previous quarter. The growth in the east region is much higher than the national average growth of sub 8% in FY18.

Aadhar Verdict No Impact On Telcos

  • The Supreme court striking down aadhar authentication by companies may have jolted the telcos in getting new customer and telcos remains unaffected by this decision.

Updated 9:11 am

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