Nifty close higher after volatile trading
How well the EQSIS recommendations performed today 02 July?
1. EQSIS Intra: Short BAJFINANCE below 3673 Target 3639.3 Stop above 3700 CMP 3676
2. EQSIS Intra: Short AUROPHARMA below 609 Target 604 Stop above 613 CMP 611
3. EQSIS Intra: Long DMART above 1445 Target 1459.9 Stop below 1433 CMP 1442
Top Stocks To Watch On Wednesday 3 July 2019
ADANIPOWER surged by 7.38% and settled at Rs.64.75. Additionally it registered an exceptional gains in last five session. Trading volume inflated by 736 percent on Tuesday. Yet numerous trades were intraday trades. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 45.
TORNTPOWER gained by 3.61% and finished at Rs. 301.15. At the same time it secured a considerable percent on the weekly basis. Trading volume increased by 83 percent. But numerous trades were intraday trades. There could be bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 241.
YESBANK plunged by 7.65% and settled at Rs.100.8. Trading volume spiked by 55 percent at last trading day. It signals negative breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 7.94 %. It is trading below its recent support zone. The Near term resistance is seen around 150.
TATAPOWER strengthen by 3.39% and finished at Rs. 73.1. Meanwhile it registered significant returns in last five session. Trading volume inflated by 290 percent on 2 July 2019. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 63.
NCC Increase by 2.73% and finished at Rs. 97.75. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 93 and resistance is seen around 103.
DISHTV strengthen by 3.48% and closed at Rs.29.75. At the same time it maintained a considerable gains on the weekly basis. Trading volume increased by 64 percent on Tuesday. However largely the volumes are intraday in nature. It is oscillating nearer to its resistance zone of 31.
EICHERMOT Increase by 2.61% and finished at Rs. 20137.45. Trading volume hiked by 65 percent at last trading day. Yet majority of them are intraday in nature. The firmness of the bears is recognized by the todays gap.It is oscillating nearer to its resistance zone of 20297.
BALKRISIND dipped by 3.73% and finished at Rs. 737.5. Trading volume inflated by 240 percent on Tuesday. However largely the volumes are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 732.
STAR slipped by 3.37% and settled at Rs.398.2. Trading volume rose by 134 percent on 2 July 2019. However largely the volumes are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 393.
TVSMOTOR volume rose by 26 percent. However numerous trades were intraday in nature. 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 427.
PIDILITIND volume increased by 26 percent. Noticeably 67% of the trades gone for delivery. There is an evidence of It is trading below its recent support zone. The Near term resistance is seen around 1298.
Closing Bell: Nifty close higher after volatile trading
The broader NSE Nifty settled 44 points higher at 11,910 level. The Indian headline index nifty made a smart rebound in the afternoon trade on Tuesday, led by buying interest in HDFC, Infosys, Reliance Industries, ONGC and Bharti Airtel.
Key sectoral indices such as IT and Energy registered nearly 1 per cent gain, while Realty and Pharma have lost up to 1.47 per cent on the back of selling pressure.
Best And Worst Nifty 50 Performers Today
Market Update: Nifty Takes U-Turn, Morning Loss Recovered
The Indian benchmark index nifty were trading positive in the afternoon session. At 1:30 PM, Nifty is trading at 11,871, up by 5 points. The advance-decline ratio is in a negative zone in the afternoon session. On the NSE, 747 shares are trading up and 967 shares are trading down.
Good buying was observed in metal, IT and FMCG, while selling pressure was seen in pharma, banking and realty sectors.
Nifty Realty & Nifty Pharma underperforms dragged by Godrej Properties, Sun Pharma, Cedila Health Care
Nifty Realty is down over 1.5 percent dragged by Godrej Properties, Sunteck Realty, Indiabulls Real Estate and Oberoi Realty.
From the pharma space, the top losers are Sun Pharma which is down over 2 percent followed by Lupin, Cadila Healthcare and Aurobindo Pharma.
Market Update: Nifty Fluctuate Between Gains And Losses
The NSE Nifty benchmark climbed to 11,875, up 9 points from the previous close. The Indian headline index nifty swung between profits and losses in Tuesday’s morning trade. Six out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Realty Index 1.05 percent decline followed by auto and pharma indices. Investors sentiments were also cautious ahead of the Union Budget, which will be presented on July 5.
Oil and Natural Gas Corporation, Bharat Petroleum, NTPC Limited, Adani Ports, are the top performers today in the Nifty index. While Yes Bank, Tata Motors, Hero MotoCorp, Eicher Motor and Sun Pharma weighed the most on Nifty.
The market breadth was tilted in favour of sellers. About 727 stocks declined and 695 shares advanced on National Stock Exchange.
FII & DII data
The foreign institutional investors (FIIs) bought shares worth Rs 426.53 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 50.99 crore as on July 1st 2019.
Top News Of The Day
PFC Raises loan From Overseas
- State-owned Power Finance has raised USD 300 million (Rs 2,070 crore) loan from overseas on Monday.
Godrej properties Raises Money Through QIP
- The company has raised Rs 2,100 crore by issuing equity shares to qualified institutional buyers (QIBs).