Nifty cracks in the final hour of trade ends below 11,700 mark


How well the EQSIS recommendations performed today 01 April?

1. EQSIS Intra: Long M&M above 689 Target 694.6 Stop below 684.5 CMP 688

Status: Not Initiated

2. EQSIS Intra: Long TATASTEEL above 538 Target 544.9 Stop below 532.5 CMP 537

Status: On Cost


6:07:45 PM

Top Stocks To Watch On Tuesday 2 April 2019

EXIDEIND volume rose by 88 percent on 1 April 2019. Furthermore 63% of the trades are deliverable volume. There could be bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 20.13 %. It is regularly sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 234.

IBULHSGFIN volume rose by 90 percent at last trading day. But numerous trades were intraday in nature. There is an evidence of selling pressureThe technical indicator RSI signals overbought scenario.It is frequently climbing for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 679.

BANKBARODA volume increased by 87 percent. However majority of them are intraday in nature. There could be bearish reversalThe intensity of the sellers is recognized by the opening gap.It is continuously rising for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 108.

IRB surged by 7.7% and closed at Rs.156. Trading volume spiked by 224 percent on Monday. Yet majority of them are settled intraday. There is an evidence of positive breakout. It is continuously rising for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 138.

HINDALCO surged by 5.06% and settled at Rs.215.9. Trading volume spiked by 148 percent at last session. It suggest for positive breakout. The intensity of the buyers is acknowledged by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 194.

TATASTEEL volume rose by 114 percent at last trading day. It gives an impression of bullish trend formation. The strength of the bulls is recognized by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 504.

AMBUJACEM witnessed Bearish Engulfing pattern on daily chart. AMBUJACEM volume increased by 86 percent on 1 April 2019. Derivative traders were aggressive in adding short positions. Open interest surged by 10.37 %. It is oscillating nearer to its resistance zone of 237.

SRF volume spiked by 516 percent on 1 April 2019. But largely the volumes are intraday trades. The momentum of the sellers is indicated by the opening gap.It is trading inside the trading range. The Support is seen around 2305 and resistance is seen around 2472.

HINDZINC volume hiked by 242 percent on Monday. There could be bullish trend formation. The momentum of the buyers is acknowledged by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 266.

MRF gained by 3.75% and to close at Rs.60163.85. Trading volume rose by 182 percent on Monday. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 56084.

WOCKPHARMA volume hiked by 112 percent at last session. Yet largely the volumes are settled intraday. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 412.

CHOLAFIN gained by 3.96% and to close at Rs.1509.95. Trading volume spiked by 89 percent at last trading day. It signals bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1272.


4:11:19 PM

Closing Bell: Nifty cracks in the final hour of trade ends below 11,700 mark

Nifty settled 45 points higher at 11,669 on the first trading day of the financial year 2019-20. Indian equity index NSE Nifty rose on Monday but markets witnessed heavy volatility in the final hour of trade as selling pressure in banking shares. On NSE sub-indices buying interest in metal, IT, auto, and PSU bank sector supported the up move in domestic equity markets. However, late selling pressure in banking sector weighed on the upward movement.

NSE Sector Performance


1:58:05 PM

Market Update: Nifty trade marginally higher and holds 11,700 mark

Equity benchmark index were trading 79 points higher at 11,703 levels on Monday’s afternoon session and the Nifty50 above 11,700 level, tracking positive global cues amid consist foreign funds inflow. Most of the sectoral indices on the NSE were trading in the green. Nifty Metal and PSU Bank indices, which gained 2-3% each respectively, were top gainers. Nifty IT, and Auto also gained ~1%.

The market breadth, indicating the overall health of the market, was strong. On NSE, 1358 shares rose and 431 shares fell. A total of 97 shares were unchanged.


9:52:59 AM

Morning Update: Nifty begins the FY19-20 on positive note

The benchmark index Nifty were trading 74 points higher at 11,697 on the first trading day of the financial year 2019-20. Key equity index Nifty were trading higher in the morning deals with Nifty50 near 11,700 mark ahead of RBI’s monetary policy on April 4 and higher Asian markets, as signs of progress in U.S.-China trade talks. Among sectoral indices, Nifty metal index were trading almost 2 per cent higher, followed by auto, IT and banking shares while media and realty are showing minor signs of pressure.


10:02:31 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) bought shares worth Rs 3521.48 crore and Domestic Institutional Investors bought Rs 1724.39 crore worth of shares in the Indian equity market on March 31.


9:20:36 AM

Top News India

Welspun Corp To Sell Its Assets

  • Welspun Corp, the flagship firm of the Welspun Group to sell its assets worth Rs 940 crore to two companies — Laptev Finance and Welspun Captive Power Generation.  

Vijaya Bank, Dena Bank To Come Under BoB 

  • In a first three-way amalgamation, Vijaya Bank and Dena Bank will merge with Bank of Baroda (BoB) from April 1 to create the third-largest lender of the country. 

9:15:27 AM

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