NIFTY extended losses for the second day in a row amid weak Indian Rupee


Updated 7:15 pm

How well the EQSIS recommendations performed today 04 September?

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

1. EQSIS Intra: Long HCLTECH above 1070.5 Target 1083.6 Stop below 1060 CMP 1069

This call was first pick in the morning as this stock opened higher from the previous closing.

Result: Positive

This call was initiated as expected but ended just below the target during the market closing time.

2. EQSIS Intra: Long HDFC above 1955 Target 1967.5 Stop below 1945 CMP 1952

This call was given in the morning as this stock was seen performing well with surge in trading volume.

Result: No Gain/No Loss

This call initiated as expected and but lacked momentum to achieve the target.

3. EQSIS Intra: Short LICHSGFIN below 507 Target 501.1 Stop above 511.75 CMP 507.5

This call was given in the mid afternoon as this stock was seen under-performing along with Market.

Result: Target

This call initiated as expected and achieved the target.


Updated 7:05 pm

Top Stocks To Watch On Wednesday 5 September

BAJFINANCE rose by 0.82% and ended at Rs.2746.3. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume spiked by 84 percent at last session. It is regularly breaking low for 4 days. Currently, it is trading around the lower range of its price band. The crucial support zone is around 2695.

ASIANPAINT volume rose by 64 percent at last trading day. It is heading for a bearish breakout. Derivative traders were aggressive in adding short positions. Open interest increased by 6.87 %. It is continuously scaling down for 5 days. It is trading below its recent support zone. The Near-term resistance is seen around 1439.

TATAMTRDVR volume spiked by 185 percent at last trading day. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.83 %. The momentum of the bears is recognized by the opening gap.It is steadily climbing for 3 days. It is oscillating nearer to its resistance zone of 146.

MINDTREE climbed by 1.58% and to close at Rs.1117.95. Trading volume inflated by 84 percent on 4 September 2018. However numerous trades were intraday trades. There could be a positive breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 943.

RELIANCE rose by 1.04% and closed at Rs.1241.95. It did rise in the last trading session but fell by a significant margin on a weekly basis. It is one among the top traded stocks. It is trading inside the trading range. The Support is seen around 1177 and resistance is seen around 1305.

INFY Increase by 2.79% and settled at Rs.737.15. Trading volume hiked by 75 percent at last trading day. It is likely to witness a positive breakout. It is frequently advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 679.

TCS advanced by 2.24% and ended at Rs.2098.9. Trading volume increased by 138 percent on Tuesday. Noticeably 66% of the trades gone for delivery. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1963.

IRB plunged by 8.87% and closed at Rs.172.1. At the same time it registered significant weakness over a recent days. Trading volume increased by 202 percent. It suggest for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 204.

MOTHERSUMI volume increased by 105 percent on 4 September 2018. It signals bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 8.57 %. It is trading below its recent support zone. The Near term resistance is seen around 317.

SUNTV plunged by 7.02% and settled at Rs.723.55. It is heading for bearish trend. Derivative traders were aggressive in adding short positions. Open interest surged by 11.24 %. It is trading below its recent support zone. The Near term resistance is seen around 831.

NCC plunged by 8.01% and closed at Rs.95.35. Trading volume hiked by 140 percent on 4 September 2018. However most of the trades are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 92.

UNIONBANK plunged by 6.09% and finished at Rs. 84.75. Derivative traders were aggressive in adding short positions. Open interest gained by 5.95 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 84.


Updated 7:00 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.54 percent to settle at 11520.30 on Tuesday. Indian Equity benchmark NIFTY ended lower for a second straight session dragged down by banks and consumer stocks after rupee fell sharply to a record low. However IT stocks capped losses as it outperformed today benefiting from the weaker India rupee.

Ten out of 11 sectoral gauges compiled by NSE ended lower led by NIFTY FMCG, NIFTY PSU BANK, NIFTY MEDIA and NIFTY REALTY indexes as top losers. on the other-side, NIFTY IT indexes is the only gainer.

From the NIFTY50 basket of shares GRASIM, IBULHSGFIN, ULTRACEMCO, ASIANPAINT and TITAN ended as top losers while TECHM, HCLTECH, TCS, INFY and WIPRO are top gainers.


Updated 1:10 pm

Afternoon Market Update: The NSE Nifty 50 fell 0.06 percent to 11575.35 on Tuesday. Indian equity benchmark NIFTY wung in a narrow band as gains in IT stocks were offset by losses in FMCG stocks. The market breadth indicating the health of the market reamin in favor of bears.

All sector gauges barring the Nifty IT index were trading lower led by the NIFTY FMCG, NIFTY MEDIA and NIFTY METAL as top losers.

Global Market Check: European Markets opened higher tracking Asian markets which fininshed mostly higher on Tuesday. The Global markets were broadly positive on Tuesday afternoon despite trade concerns and emerging market worries.


Updated 9:10 am

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