Intraday Stock Market Commentary2019-04-22T11:41:51+05:30

Live Indian Market Intraday Updates on 16 August 2019

August 16th, 2019|Tags: |0 Comments

Nifty eke out small gains; log weekly loss


How well the EQSIS recommendations performed today 16 August?

1. EQSIS Positional: Long ASIANPAINT above 1539 Target 1585 Stop below 1493 CMP 1535

Status: Target
Recommended on: 02-08-2019

2. EQSIS Intra: Long ASIANPAINT above 1581 Target 1593.5 Stop below 1571 CMP 1576

Status: Target

3. EQSIS Intra: Short CADILAHC below 214.75 Target 212.3 Stop above 216.75 CMP 215.15

Status: Not Initiated


6:49:07 PM

Top Stocks To Watch On Monday 19 August 2019

IDFCFIRSTB strengthen by 3.27% and to close at Rs.45.75. Additionally it reported an exceptional margin in last five session. Trading volume hiked by 53 percent on Friday. It is likely to witness bullish breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 3.79 %. This stock is currently settled above the recent resistance zone. We see short term support around 37.

HDFC volume inflated by 71 percent at last trading day. Noticeably 61% of the trades gone for delivery. Derivative traders were aggressive in adding short positions. Open interest increased by 3.1 %. The momentum of the sellers is recognized by the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 2081.

APOLLOHOSP surged by 8.12% and closed at Rs.1470.6. Trading volume spiked by 450 percent on 16 August 2019. It Indicates bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 39.72 %. This stock is currently settled above the recent resistance zone. We see short term support around 1293.

BOSCHLTD witnessed Bullish Engulfing pattern on daily chart. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.1 %. 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 13599.

YESBANK gained by 3.79% and finished at Rs. 79.45. . 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. Currently it is trading around the lower range of its price band. The crucial support zone is around 76.

UPL surged by 4.14% and finished at Rs. 549.05. Trading volume spiked by 59 percent. Derivative traders were aggressive in exiting short positions. Open interest reduced by 4.4 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 516.

TCS volume hiked by 57 percent on 16 August 2019. Interestingly 56% of the trades are deliverable volume. The momentum of the sellers is indicated by the todays gap.It is trading inside the trading range. The Support is seen around 2071 and resistance is seen around 2260.

GLENMARK plunged by 6% and ended at Rs.361.15. Also it maintained a considerable loss over a recent days. Trading volume spiked by 264 percent. It is heading for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 446.

CANBK surged by 4.75% and to close at Rs.236. Trading volume inflated by 44 percent at last trading day. However numerous trades were intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 220.

GRASIM volume rose by 37 percent at last session. Yet most of the trades are intraday trades. 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 720.

IGL strengthen by 3.38% and ended at Rs.327.1. Trading volume increased by 329 percent on 16 August 2019. It gives an impression of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 298.

BRITANNIA volume increased by 43 percent at last trading day. Furthermore 59% of the trades are deliverable volume. It Indicates It is steadily sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 2803.


4:17:53 PM

Closing Bell: Nifty eke out small gains; log weekly loss

The NSE Nifty 50 Index advanced 18 points to close at 11,047. The headline index Nifty 50 ended Friday’s highly volatile session higher led by gains in Yes Bank, Maruti, Gail, Axis Bank, ITC, Bajaj Finance and Hero MotoCorp. However, the gains were kept under check as TCS, Vedanta, HDFC, Reliance, Titan and Wipro ended on a weak note. 

During early session market witnessed heavy selling pressure with the NSE Nifty 50 Index touching an intraday low of 10,924.3 However, buying in auto and some banking shares lifted the benchmark in late morning deals. Finally, during the three-day week, the NSE Nifty shed 0.55 percent

Sectoral indices were mixed for the day. The Nifty PSU Bank index gained the most, up 1.5 percent, followed by the Nifty Auto and all other banking indices. while the Nifty IT and the Nifty Pharma indices fell 0.7 percent and 0.6 percent, respectively.

Sectoral Performance


12:43:13 PM

Bank Nifty index recovers led by Yes Bank, PNB

The Bank Nifty index has recovered from morning losses to trade higher in the noon trade. The index is marginally up by 0.40% or 106 points at 28,128 levels. The NSE Nifty Bank is in continuation of an uptrend. Resistance is seen at 28,300 while supports are seen at 28,000 and 27,800.

shares of Punjab National Bank, IDFC First Bank, Axis Bank, IndusInd Bank, Bank of Baroda, RBL Bank and Federal Bank also rose in the range of 1-2% respectively. On the flipside, SBI, ICICI Bank and HDFC Bank were among top losers in the banking index.


9:57:29 AM

Morning Update: Nifty Trades Below 11,000 Mark

 The broader 50-share NSE Nifty shed almost 0.44 percent and was trading at 10,979-levels in the morning trade. A selloff across sectors – led by banking, IT, automobile and metal stocks – pulled the markets lower amid mixed global cues. Meanwhile, Markets were closed on Thursday on account of Independence Day. In the previous session on Wednesday, the NSE Nifty closed higher by 103.55 points or 0.95 percent to 11,029.40.

On Friday morning, Yes Bank, UPL and ITC were the major gainers while India Bulls Housing Finance, Vedanta, Hindalco, JSW Steel and Tata Motors were losing the most.

Market breadth was sharply negative with 489 stocks on the NSE trading higher and 989 stocks were trading lowers.

Meanwhile, the rupee slipped 12 paise to 71.39 against the US dollar in the early morning trade on Friday.


9:41:43 AM

FII & DII data

The foreign institutional investors (FIIs) bought shares worth Rs 1614.63 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1619.82 crore as on August 14th, 2019.


8:54:59 AM

Earnings Reaction To Watch

Reliance Capital Ltd

  • Total revenue grew to Rs 6069 crores in Q1 FY20, an increase from Rs 4609 crores in Q1 FY20.
  • Net profit after tax to Rs 1176 crores in Q1 FY20, an increase from Rs 247 crores in Q1 FY20.
  • Earnings per share to Rs 48 in Q1 FY20, an increase from Rs 10 in Q1 FY20.

IDIB Bank

  • Total revenue grew to Rs 5097 crores in Q1 FY20, a decrease from Rs 5759 crores in Q1 FY20.
  • Net profit after tax to Rs -3800 crores in Q1 FY20, an increase from Rs -2400 crores in Q1 FY20.
  • Earnings per share to Rs -4.9 in Q1 FY20, an increase from Rs -5.9 in Q1 FY20.

8:50:23 AM

Top News Of  The Day

Trade Deficit Narrows

  • India’s merchandise exports rebounded and grew 2.25% in July, aided by higher shipments of organic goods, drugs and pharmaceuticals, while imports shrank, narrowing the trade deficit. 

US  Yields Drops Record Low

  • U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world. 

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