NIFTY snapped five day losing streak in the highly volatile trading session


Updated 7:15 pm

How well the EQSIS recommendations performed today 25 September?

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

1. EQSIS Intra: Short POWERGRID below 193.5 Target 191.6 Stop above 195 CMP 194

This call was the first pick in the morning as this stock was seen under-performing well with along with surge in volume.

Result: Positive

This call was initiated but lacked momentum to achieve the target.

2. EQSIS Intra: Long ASIANPAINT above 1296.5 Target 1310 Stop below 1285.5 CMP 1292

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

Result: Stop Loss

This call initiated as expected and was grinding higher but struck in the volatility and triggered the stop loss.

3. EQSIS Intra: Long TECHM above 772.75 Target 778.7 Stop below 768 CMP 771

This call was the first pick in the morning as IT sector was performing well in the morning.

Result: Not Initiated

This call was not initiated but struck as market turned highly volatile.


Updated 7:10 pm

Top Stocks To Watch On Wednesday 26 September

DLF plunged by 4.05% and to close at Rs.177.6. Trading volume hiked by 124 percent on 25 September 2018. Yet most of the trades are intraday in nature. It is heading for bearish trend. It is continuously breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 221.

HDFC strengthen by 3.18% and ended at Rs.1773.35. Trading volume spiked by 77 percent on 25 September 2018. Noticeably 69% of the trades are deliverable volume. The technical indicator RSI signals oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 1965.

DHFL plunged by 23.98% and closed at Rs.299.45. Trading volume inflated by 306 percent at last trading day. Yet most of the trades are settled intraday. There is an evidence of bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 680.

IBULHSGFIN plunged by 5.33% and ended at Rs.929.65. Also it recorded a considerable weakness over a recent days. Trading volume increased by 428 percent. There could be bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 1290.

BHARATFIN volume increased by 214 percent on 25 September 2018. Furthermore 74% of the trades are taken for delivery. It is continuously grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 1192.

JPASSOCIAT plunged by 7.69% and closed at Rs.7.2. Meanwhile it maintained significant loss in last five session. It suggest for It is regularly breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 13.

MOTHERSUMI gained by 3.82% and ended at Rs.263.95. Trading volume spiked by 73 percent at last session. Interestingly 64% of the trades are deliverable volume. It is trading below its recent support zone. The Near term resistance is seen around 312.

BIOCON surged by 5.42% and settled at Rs.701.55. Derivative traders were aggressive in adding long positions. Open interest gained by 14.18 %. This stock is currently settled above the recent resistance zone. We see short term support around 598.

INDUSINDBK volume rose by 133 percent on Tuesday. Surprisingly 70% of the trades are taken for delivery. It is continuously scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 1950.

DISHTV witnessed Star pattern on daily chart. DISHTV volume spiked by 168 percent at last trading day. It is regularly breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 73.

EICHERMOT volume spiked by 157 percent on 25 September 2018. There is an evidence of bearish trend. It is frequently sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 29536.

BRITANNIA strengthen by 3.07% and closed at Rs.5773.85. 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 5738.

 


Updated 5:05 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.91% percent to settle at 11067.45 on Tuesday. Indian Equity benchmark NIFTY snapped a five-session losing streak and ended higher above 11,000-mark in the highly volatile trading session helped by gains in banking stocks.

All sector gauges compile by NSE barring NIFTY REALTY ended higher led by NIFTY PHARMA, NIFTY FIN SERVICE, NIFTY PSU BANK, NIFTY BANK, NIFTY PVT BANK and NIFTY FMCG indexes as top gainers.

From the NIFTY50 basket of shares KOTAKBANK, HDFC, SBIN, HINDUNILVR and LUPIN ended as top gainers while IBULHSGFIN, INFRATEL, YESBANK, GAIL and POWERGRID are top losers.


Updated 1:40 pm

GHCL Limited

  • GHCL Limited has informed the Exchange regarding a press release dated September 24, 2018, titled “Press Release – GHCL launches “CIRKULARITY” range of bedding product at the New York Home Fashions”.

Updated 11:15 am

Market Breadth Turns In Favor Of Bulls

 


Updated 10:16 am

Indiabulls Real Estate Limited

  • Indiabulls Real Estate Limited has informed the Exchange regarding ‘This is to inform you that Indiabulls Real Estate Limited (the Company) proposes to issue Secured, Redeemable, Non-Convertible Debentures of face value Rs.10 lakh each aggregating Rs.25 crore, on a private placement basis.’.

Updated 9:45 am

Money Market

  • The Indian rupee slipped in the early trade on Tuesday. It opened lower by 26 paise at 72.89 per dollar versus previous close 72.63.

Updated 9:22 am

Top News Of The Day

SEBI Asks To Track Bond Spreads

  • SEBI tells rating agencies to track bond spreads. SEBI wants rating agencies to take cues from markets in evaluation of bond issuers.

Crude Tops $80 Per Barrel

  • As the Iranian supplies taper due to US curbs crude may touch $100 per barrel , which is currently at $80 per barrel. India being the net importer of oil will get severely hurt in its economic growth due to price hike in crude.

China Vs US – Trade War

  • China is very clear that it won’t hold trade talks unless Trump stops threats on imposing tariffs on Chinese imports. As the new tariffs on $200 billion of products will commence from next week in US.

Updated 9:10 am

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