Nifty settles above 11,700 mark led by auto and banking stocks


How well the EQSIS recommendations performed today 02 April?

1. EQSIS Intra: Long TATAMOTORS above 192 Target 194.5 Stop below 190 CMP 191

Status: Target

2. EQSIS Intra: Short AMBUJACEM below 231.75 Target 228.9 Stop above 234 CMP 232

Status: Stoploss

3. EQSIS Intra: Long POWERGRID above 201 Target 202.4 Stop below 199.9 CMP 200.5

Status: Not Initiated

4. EQSIS Intra: Long SBIN above 329 Target 332.8 Stop below 326 CMP 327

Status: Not Initiated


6:28:37 PM

Top Stocks To Watch On Tuesday 2 April 2019

TATAMOTORS surged by 8.33% and settled at Rs.202.95. Trading volume rose by 656 percent on 2 April 2019. However majority of them are settled intraday. It Indicates bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest increased by 20.34 %. It is continuously advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 169.

TATAMTRDVR surged by 6.17% and closed at Rs.98.05. Trading volume rose by 446 percent at last trading day. But largely the volumes are settled intraday. It suggest for positive breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 7.87 %. It is steadily heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 84.

GODREJCP declined by 2.98% and finished at Rs. 656.8. At the same time it registered a remarkable fall on the weekly basis. Trading volume spiked by 81 percent on Tuesday. Furthermore 66% of the trades are taken for delivery. It signals bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 731.

EICHERMOT Increase by 2.67% and to close at Rs.20583.5. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume hiked by 116 percent at last trading day. Currently it is trading around the lower range of its price band. The crucial support zone is around 20288.

ZEEL slipped by 3.24% and closed at Rs.417.7. It witnessed Star pattern on daily chart. Trading volume rose by 142 percent. However most of the trades are settled intraday. It is heading for bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 479.

TATAGLOBAL volume hiked by 130 percent at last trading day. But majority of them are intraday trades. It Indicates bullish trend formation. It is frequently climbing for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 192.

CONCOR volume inflated by 94 percent. Moreover 67% of the trades are deliverable volume. It signals bullish trend formation. It is steadily climbing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 481.

BHARTIARTL surged by 4.59% and ended at Rs.356.45. Trading volume rose by 258 percent. There could be positive breakout. It is regularly climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 306.

SUNTV volume hiked by 62 percent at last trading day. However largely the volumes are intraday trades. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 583.

BEL surged by 5.16% and closed at Rs.100.85. Trading volume hiked by 157 percent on Tuesday. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 86.

TATAPOWER witnessed Bearish Engulfing pattern on daily chart. TATAPOWER volume spiked by 125 percent on Tuesday. But most of the trades are intraday trades. It is oscillating nearer to its resistance zone of 75.

POWERGRID advanced by 2.17% and settled at Rs.199.8. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is oscillating nearer to its resistance zone of 203.


4:27:21 PM

Closing Bell: Nifty settles above 11,700 mark led by auto and banking stocks

The 50-scrip benchmark index climbed 44 points to close at 11,713 on Tuesday, above its key level 11,700 mark. Indian equity index Nifty extended their rally to a fourth straight session as gains in auto, banking and IT stocks, as investors are looking forward to a meeting of the Reserve Bank of India’s monetary policy decision later this week. Sectorally, realty sector advanced the most, followed by PSU banks, auto and information technology. However, gains were capped by losses in media, metal, and pharma sectors.

NIFTY TOP GAINERS/LOSERS


9:51:20 AM

Treasure Quiz Q1

One among the three stocks has formed Bearish engulfing on yesterday and currently trading below the engulfing day’s low

  • BIOCON
  • PEL
  • AUROPHARMA

* Pick the right one and make use of it and also answer the stock in comment section


9:50:15 AM

Morning Update: Nifty trade flat ahead of RBI monetary policy meet

The benchmark index Nifty were trading 5 points higher at 11,675. Equity key index Nifty were trading flat after opening in the positive terrain on Tuesday as investors restricted their bets ahead of RBI monetary policy decision on April 4. On NSE sub-indices, buying interest witnessed in IT, auto and PSU bank sectors. However, the gains were capped as pharma and PVT sectors came under selling pressure.


9:45:55 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) bought shares worth Rs 898.79 crore and Domestic Institutional Investors sold Rs 1032.81 crore worth of shares in the Indian equity market on April 1.


9:29:50 AM

Top News OF The Day

Citi Bank Settles Case With SEBI

  • Citibank settles case with India’s capital market regulator Sebi for violating portfolio managers regulations by paying Rs 4.5 crore as settlement charges. 

Passenger Vehicle Sales Slows Down

  • Sales of passenger vehicles grew at their slowest pace in five years in the just concluded fiscal year as higher insurance costs, a liquidity crunch and uncertainty ahead of the general elections hurt consumer sentiment. 

9:27:33 AM

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