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

Live Indian Market Intraday Updates on 21 August 2019

August 21st, 2019|Tags: , |0 Comments

Nifty Falls Below 10,950 Mark; Tata Motors, Yes Bank Top Losers


How well the EQSIS recommendations performed today 21 August?

1. EQSIS Intra: Long BATAINDIA above 1480.5 Target 1492.4 Stop below 1471 CMP 1478

Status: Negative

2. EQSIS Intra: Short AXISBANK below 665 Target 655.6 Stop above 672.5 CMP 666

Status: Positive


6:31:13 PM

Top Stocks To Watch On Thursday 22 August 2019

YESBANK plunged by 8.15% and to close at Rs.65.4. Also it registered a considerable decline on the weekly basis. It is the most active stock. However largely the volumes are settled intraday. It is likely to witness It is frequently scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 96.

NESTLEIND surged by 5.22% and closed at Rs.12594.1. Trading volume spiked by 304 percent on 21 August 2019. It signals positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 14.69 %. This stock is currently settled above the recent resistance zone. We see short term support around 11318.

MFSL climbed by 1.75% and finished at Rs. 447.9. At the same time it maintained a remarkable margin on the weekly basis. Trading volume hiked by 135 percent on 21 August 2019. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 387.

TATAPOWER plunged by 8.75% and ended at Rs.51.1. Trading volume spiked by 127 percent. There could be negative breakout. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.74 %. It is trading below its recent support zone. The Near term resistance is seen around 66.

TATAMTRDVR plunged by 8.27% and ended at Rs.52.7. Trading volume rose by 75 percent. There could be negative breakout. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.77 %. It is trading below its recent support zone. The Near term resistance is seen around 75.

ITC is one among the top traded stocks. Surprisingly 67% of the trades gone for delivery. It signals Derivative traders were aggressive in adding short positions. Open interest increased by 4.25 %. It is trading below its recent support zone. The Near term resistance is seen around 272.

BOSCHLTD witnessed Bullish Engulfing pattern on daily chart. BOSCHLTD volume inflated by 76 percent at last trading day. Interestingly 66% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 13220.

TATAMOTORS plunged by 9.25% and finished at Rs. 112.4. Trading volume spiked by 125 percent on Wednesday. Yet numerous trades were intraday in nature. It is likely to witness bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 156.

SAIL plunged by 8.08% and to close at Rs.31.85. At the same time it secured significant decline over a recent days. It suggest for It is steadily grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 47.

CONCOR climbed by 1.65% and to close at Rs.483. Trading volume spiked by 121 percent on Wednesday. Furthermore 55% of the trades are taken for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 465.

IBULHSGFIN plunged by 7.26% and ended at Rs.483.55. It is the most active stock. The technical indicator RSI indicates overbought scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 449.

OIL volume inflated by 53 percent. Surprisingly 58% of the trades gone for delivery. It is heading for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 161.


5:22:44 PM

Closing Bell: Nifty Falls Below 10,950 Mark; Tata Motors, Yes Bank Top Losers

The broader NSE Nifty ended 98 points down at 10,918 levels on Wednesday. The headline index Nifty extended their decline for the second session in a row led by losses in heavyweights such as Tata Motors, Yes Bank, State Bank of India, ITC, HDFC, L&T, and ICICI Bank and nervousness among investors around economic slowdown. 

Among sectors, Nifty PSU Bank was the worst performer, slipping 2.95% followed by Metal (-2.89%), Realty (-1.99%), Media (-1.45%) and Private Bank (-1.04%).

Globally, Investors’ focus was turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week.  Investors will also be tracking the G7 Summit during August 25-27 in France.

Technical View: Nifty forms bearish candle, needs to break current band

NSE Nifty opened negative and fell for a second consecutive session. The index formed a bearish candle on the daily scale and during the day it drifted towards the 10,900 mark on Wednesday. Now, till Nifty remains below the 10,950 level, it could fall towards the next support of 10,800 while immediate hurdles are seen at 11,100 and then 11,180 levels. 

Best And Worst Nifty 50 Performers Today


1:50:03 PM

Market Update: Nifty below 11K mark

The NSE Nifty 50 Indexes extended losses dragged by weakness in Tata Motors, Yes Bank, India Bull Housing Finance, Tata Steel, Grasim and BPCL. The NSE Nifty 50 Index fell below important level of 11,000 and currently trading 76 points lower at 11,940 level. Metal and Banking shares were facing heightened selling pressure as the respective sector gauges on the National Stock Exchange fell between 2 to 3 per cent respectively.


10:15:50 AM

Morning Update: Nifty flat on tepid global cues

The Nifty 50 Index were trading 3 points higher at 11,018 levels on Wednesday. Benchmark equity index Nifty were trading flat note in the morning session, tracking tepid global cues. Most of the Nifty sectoral indices were trading in the green. Nifty Auto index gained the highest 0.36 per cent on a report that the government may postpone the hike in registration fees for vehicles. On the flip-side the Nifty Metal index was down 1.3 per cent.

Meanwhile, the market breadth was tilted in favour of sellers. About 648 stocks advanced and 876 shares declined on National Stock Exchange.

The Indian rupee in Wednesday’s trade opened with gains of 25 paise at 71.45 versus its previous close of 71.70 per US dollar.


10:03:40 AM

FII & DII data

The foreign institutional investors (FIIs) bought shares worth Rs 373.23 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 296.41 crore as on August 20th, 2019.


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