How was the NIFTY today?

NIFTY kicked off April derivatives expiry week with a good start. The 50-share NSE index NIFTY rose 0.20% to settle at 10584.70 on Monday. The Indian benchmark NIFTY ended higher driven by gains in Information technology stocks on the first trading session of the week, with software services exporter Tata Consultancy Services (TCS) crossing $100 billion in market capitalization. The investors sentiment remained upbeat on encouraging corporate earnings and sustained foreign fund inflows ahead of derivatives expiry this week.

Looking overseas, European markets trading lower following Asian markets which finished lower on Monday. The global markets are lower today as investors are cautious ahead of fresh corporate earnings, while keeping an eye on geopolitics and trade war issues.

Eight out of eleven sector gauges compiled by the NSE ended higher led by NIFTY REALTY, NIFTY PHARMA, NIFTY IT, NIFTY MEDIA and NIFTY PSU BANK as top gainers. On the flip side, NIFTY METAL, NIFTY FMCG and NIFTY FIN SERVICE are top losers.

From the NIFTY 50 basket of shares, INDUSINDBK, M&M, BPCL, CIPLA, SUNPHARMA, HINDPETRO, YESBANK and HCLTECH outperformed as top gainers while HINDALCO, IBULHSGFIN and UPL are the top losers.

Best list of shares to watch on Tuesday 24 April

INDUSINDBK: This stock strengthens by 3.4% and ended at Rs.1874.4 on Monday. Derivative traders were aggressive in adding long positions and Open interest gained by 7.09%. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.1747.

TATAELXSI: This stock surged by 5.3% and ended at Rs.1203.3 on Monday. This stock trading volume increased by 492 percent with numerous trades were settled intraday. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.972.

NIITTECH: This stock surged by 4.28% and finished at Rs.1035.7 on Monday. This stock trading volume rose by 301 percent with numerous trades were settled intraday. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.855.

BEL: This stock gained by 3.74% and to close at Rs.137.25 on Monday.  This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.135.

MINDTREE: This stock trading volume rose by 301 percent with numerous trades were settled intraday on Monday. This stock is regularly heading higher levels for 3 days and currently settled above the recent resistance zone.

WOCKPHARMA: This stock trading volume rose by 301 percent with numerous trades were settled intraday on Monday. This stock is currently settled above the recent resistance zone and the short-term support is around Rs.715.

TCS: This stock trading volume rose by 301 percent with numerous trades were settled intraday on Monday. This stock is currently settled above the recent resistance zone and the short-term support around is Rs.2810.

HINDALCO: This stock dropped by 2.48% and settled at Rs.255.6 on Monday. This stock is currently settled above the recent resistance zone and the short-term support around Rs.203.

TORNTPOWER: This stock strengthens by 3.2% and ended at Rs.240.2 on Monday. This stock trading volume rose by 294 percent with 60% of the trades gone for delivery. This stock is trading inside the trading range and the support is seen around Rs.224 and resistance is seen around Rs.251.

GRANULES: This stock strengthen by 3.17% and closed at Rs.110.6 on Monday. This stock is trading volume spiked by 263 percent with numerous trades were settled intraday on Monday. This stock is currently settled above the recent resistance zone and the short term support is around Rs.102.