Daily stock market update

NIFTY up for second straight day amid strong Global markets. The 50-share NSE index NIFTY rose 0.53% to finish at 10184.15 on Tuesday. The Indian benchmark index NIFTY extended gains from the previous session and closed higher for a second straight session on the back of wide spread gains across all sectors ahead of ahead of derivatives expiry tomorrow. Shares of public and private sector lenders rallied today after the government surprisingly reduced its borrowing programme for the next fiscal year by half.

Looking overseas, European markets trading higher tracking Asian markets which finished higher on Tuesday. The Global markets rose sharply in today’s session as investors grew more and more confident that a vicious trade war between the U.S. and China would be averted.

All sector gauges compiled by the NSE ended higher led by NIFTY PSU BANK, NIFTY METAL, NIFTY BANK, NIFTY PHARMA, NIFTY PVT BANK, NIFTY FIN SERVICE and NIFTY FMCG as top gainers.

From the NIFTY 50 basket of shares, IOC, IBULHSGFIN, HINDPETRO, HINDALCO, SBIN, BOSCHLTD and UPL outperformed as top gainers while INFRATEL, BHARTIARTL and BAJAJ-AUTO are top losers.

List of top stocks to trade tomorrow 28 March

CUMMINSIND: This stock slipped by 3.37% and finished at Rs. 711.8 on Tuesday. This stock trading volume inflated 346% with 75% of the trades are deliverable volume. Derivative traders were aggressive in adding short positions and the Open interest surged by 103.05%. This stock is trading below its recent support zone and the near term resistance is seen around Rs.819.

ADANIPOWER: This stock surged by 4.78% and ended at Rs.25.2 on Tuesday. This stock did rise in the last trading session, but fell by a significant margin on a weekly basis. Derivative traders were aggressive in adding long positions and the Open interest surged by 11.18%. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.24.

LICHSGFIN: This stock trading volume inflated 110% with 56% of the trades are deliverable volume on Tuesday.  The strength of the buyers is recognized by the opening gap appeared in the daily chart. This stock is currently settled above the recent resistance zone and the short term support is around Rs.483.

IBULHSGFIN: This stock trading volume inflated 110% with 66% of the trades are deliverable volume on Tuesday.  The strength of the buyers is recognized by the opening gap appeared in the daily chart. This stock is trading inside the trading range and the support is seen around Rs.1185 and resistance is seen around Rs.1288.

SRTRANSFIN: This stock trading volume inflated 86% with numerous intraday trades on Tuesday.  The strength of the buyers is recognized by the opening gap appeared in the daily chart. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1314.

PIDILITIND: This stock trading volume inflated 107% with 65% of the trades are deliverable volume on Tuesday. This stock is currently settled above the recent resistance zone and the short term support is around Rs.870.

RECLTD: This stock trading volume inflated 113% with 77% of the trades are deliverable volume on Tuesday. The momentum of the bulls is visible through the today’s gap appeared in the daily chart. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.122.

BAJFINANCE: This stock trading volume inflated 84% with numerous intraday trades on Tuesday. The momentum of the bulls is visible through the today’s gap appeared in the daily chart. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1610.

BIOCON: This stock surged by 5.19% and closed at Rs.603.55 on Tuesday. This stock trading volume inflated 108% with numerous intraday trades. This stock is trading inside the trading range and the support is seen around Rs.569 and resistance is seen around Rs.641.

SRF: This stock trading volume inflated 107% with 65% of the trades are deliverable volume on Tuesday. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1817.

JINDALSTEL: This stock surged by 5.9% and settled at Rs.229.75 on Tuesday.  The intensity of the bulls is evident from the today’s gap appeared in the daily chart. This stock is trading inside the trading range and the support is seen around Rs.214 and resistance is seen around Rs.262.