NIFTY extended losses for the third straight day amid weak global cues


Updated 7:15 pm

How well the EQSIS recommendations performed today 05 September?

Market Sentiment: We concluded the market sentiment as bearish as market opened lower from the previous closing.

1. EQSIS Intra: Short NIFTYFUT below 11538 Target 11485.5 Stop above 11580 CMP 11540

This call was given as banking sector and index heavyweights are underperforming in the morning.

Result: Target

This call was initiated as expected and acheived the target.

2. EQSIS Intra: Short ICICIPRULI below 363 Target 359.3 Stop above 366 

This call was first pick in the morning as this stock was seen underperforming well with surge in trading volume.

Result: Target

This call initiated as expected and acheived the target.

3. EQSIS Intra: Short ACC below 1555 Target 1538.8 Stop above 1568 CMP 1560

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

Result: Target

This call initiated as expected and achieved the target.


Updated 6:31 pm

Top Stocks To Watch On Thursday 6 September

YESBANK Increase by 2.92% and to close at Rs.343.8. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It witnessed Bullish Engulfing pattern on daily chart. It is one among the top traded stocks. Derivative traders were aggressive in exiting short positions. Open interest reduced by 4.16 %. It is trading below its recent support zone. The Near term resistance is seen around 397.

WIPRO volume hiked by 94 percent on Wednesday. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 275.

TATACOMM volume spiked by 72 percent on 5 September 2018. However majority of them are intraday in nature. It is likely to witness negative breakout. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 593.

RELINFRA surged by 5.9% and finished at Rs. 479.55. Additionally it registered a considerable gains over a recent days. Trading volume rose by 63 percent at last trading day. Yet most of the trades are intraday in nature. It gives an impression of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 400.

NCC dipped by 3.78% and settled at Rs.91.75. Trading volume rose by 129 percent. It is heading for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 105.

MINDTREE Increase by 2.95% and settled at Rs.1150.9. Meanwhile it recorded a remarkable returns over a recent days. This stock is currently settled above the recent resistance zone. We see short term support around 943.

M&MFIN slipped by 3.12% and finished at Rs. 452.05. Trading volume increased by 116 percent. There is an evidence of bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 505.

IRB strengthen by 3.02% and to close at Rs.177.3. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 168 percent. However most of the trades are intraday in nature. Derivative traders were aggressive in exiting short positions. Open interest reduced by 6.72 %. It is trading below its recent support zone. The Near term resistance is seen around 204.

IGL dipped by 3.58% and to close at Rs.272.4. Trading volume rose by 107 percent on 5 September 2018. It is likely to witness negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 308.

HINDZINC strengthen by 3.35% and finished at Rs. 302.4. Trading volume hiked by 89 percent on Wednesday. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 275.

ENGINERSIN plunged by 5.95% and ended at Rs.124.95. Trading volume hiked by 119 percent. Currently it is trading around the lower range of its price band. The crucial support zone is around 120.

BRITANNIA volume hiked by 163 percent on Wednesday. It signals negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 6892.

BEML slipped by 3.39% and to close at Rs.767.75. Trading volume inflated by 148 percent. But majority of them are intraday in nature. There could be negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 886.

BEL plunged by 13.47% and closed at Rs.94.45. Trading volume rose by 2181 percent. It Indicates bearish breakout. It is continuously scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 123.

ADANIENT volume hiked by 63 percent. However most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 189 and resistance is seen around 232.


Updated 7:00 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.38 percent to settle at 11476.95 on Wednesday. Indian Equity benchmark NIFTY posted its third straight session of losses, as the rupee fell to a new all-time low of 71.96 per dollar. The Negative gloabl markets and Weak Indian Rupee weighted on investors sentiment.

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 INFRATEL, ZEEL, HINDUNILVR, TITAN and KOTAKBANK ended as top losers while YESBANK, TATAMOTORS, WIPRO, HINDALCO and VEDL are top gainers.


Updated 2:35 pm

Pharmaceutical Sector Cap Losses

10 out of 12 sectors in NSE were trading lower led by Energy and Financial sector  as top losers. On the flip-side, Pharmaceutical sector and Metal sector trading higher  as top gainers.


Updated 2:20 pm

Centrum Capital Limited – New Acquisition

  • Centrum Capital Limited has informed the Exchange regarding Execution of Business Transfer Agreement for acquiring the Supply Chain Finance Business of L&T Finance Limited (LTF), by Subsidiary , Centrum Financial Services Limited (CFSL).

Updated 11:24 am

Cadila Healthcare Limited – New Approval

  • Cadila Healthcare Limited has informed the Exchange regarding a press release dated September 05, 2018, titled “Zydus receives final approval from the USFDA for Acyclovir Sodium Injection”.

Updated 9:48 am

Rupee Opens Higher

  • The Indian rupee opened higher by 18 paise at 71.40 per dollar on Wednesday versus previous close 71.58.

Updated 9:10 am

Top News Of The Day

10-Year Yield Firms Up

  • The 10-year benchmark bond yield hardened for the seventh straight session on Tuesday as the rupee tumbled to a fresh record low of 71.37.
  • The yield hovered around 8.02 per cent .

Oil Dips

  • Oil prices fell on Wednesday, partly reversing a strong jump from the previous day, as the impact of a tropical storm on US Gulf coast production was not as strong as initially expected. 
  • International Brent crude futures fell 16 cents, or 0.2 per cent, to $78.01 a barrel. 

New Strategy By IDFC Bank

  • IDFC Bank, the country’s youngest private universal bank, dishes out unconventional loan offerings to double its Rs 3,450-crore retail book by the end of this fiscal. 
  • To increase customer reach, the bank expanded its footprint by opening 33 new branches this year.

Updated 9:05 am

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