Nifty end flat ahead of the Union Budget


How well the EQSIS recommendations performed today 03 July?

1. EQSIS Intra: Short TATASTEEL below 504.5 Target 498.1 Stop above 509.6 CMP 505

Status: Not Initiated

2. EQSIS Intra: Long DABUR above 407 Target 412 Stop below 403 CMP 406

Status: Stoploss

3. EQSIS Intra: Long RELIANCE above 1285 Target 1297.5 Stop below 1275 CMP 1282

Status: Negative


6:04:07 PM

Top Stocks To Watch On Thursday 04 July 2019

IGL declined by 2.95% and ended at Rs.302.15. Trading volume spiked by 96 percent on 3 July 2019. Noticeably 57% of the trades are taken for delivery. It is likely to witness bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 36.91 %. It is trading below its recent support zone. The Near term resistance is seen around 348.

GAIL weakened by 1.96% and to close at Rs.305.25. Trading volume hiked by 77 percent on Wednesday. Interestingly 59% of the trades are taken for delivery. Derivative traders were aggressive in adding short positions. Open interest gained by 6.91 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 303.

DISHTV surged by 5.04% and settled at Rs.31.25. Also it recorded a considerable percent on the weekly basis. Trading volume increased by 64 percent on 3 July 2019. Yet most of the trades are intraday trades. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 25.

DHFL surged by 10.35% and ended at Rs.83.15. Trading volume increased by 32 percent. Yet largely the volumes are intraday trades. Derivative traders were aggressive in exiting short positions. Open interest reduced by 4.84 %. It is trading inside the trading range. The Support is seen around 63 and resistance is seen around 100.

JUSTDIAL strengthen by 3.08% and ended at Rs.788.15. Trading volume rose by 80 percent at last trading day. Yet largely the volumes are intraday trades. It suggest for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 712.

TORNTPOWER volume rose by 75 percent on Wednesday. Yet most of the trades are intraday in nature. It signals positive breakout. It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 241.

BANKBARODA surged by 4.15% and settled at Rs.125.5. Trading volume inflated by 78 percent at last trading day. Derivative traders were aggressive in exiting short positions. Open interest reduced by 9.38 %. It is oscillating nearer to its resistance zone of 129.

AUROPHARMA dropped by 2.41% and to close at Rs.596.2. Trading volume spiked by 60 percent at last session. However numerous trades were settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 587.

ARVIND Increase by 2.91% and to close at Rs.67.15. Trading volume increased by 213 percent on Wednesday. But most of the trades are settled intraday. It is trading inside the trading range. The Support is seen around 59 and resistance is seen around 77.

ADANIPOWER volume hiked by 94 percent on Wednesday. However most of the trades are settled intraday. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 45.

TATAPOWER volume inflated by 100 percent on Wednesday. There is an evidence of bullish breakout. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 63.

SRF fell by 1.32% and closed at Rs.3026.6. It witnessed Bearish Engulfing pattern on daily chart. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 3070.


5:00:53 PM

Closing Bell: Nifty end flat ahead of the Union Budget

The Nifty 50 index was up 6 points or 0.05% and ended at 11,916 on Wednesday. The Indian headline index NSE Nifty ended the day on a flat note as investors turned jittery on weak global cues and caution ahead of the Union Budget 2019 to be presented on Friday.

Top gainers in the Nifty pack included India bulls Housing Finance, IndusInd Bank, Zeel, ITC, IOC, Britannia and L&T ending up to 7.56 per cent higher.

On the other hand, Eicher Motors, Gail, Tech Mahindra, Drreddy, Infosys, Vedanta and Yes Bank were the top losers, shedding up to 2.42 per cent.

Sectroal Watch


12:43:57 PM

Market Update: Nifty Continue Trading Flat

Benchmark index nifty continued to witness a subdued performance as trading progressed on Wednesday. At 12:35 PM the 50-scrip Nifty gained 11 points to trade at 11,921.

On the sectoral front, IT, metal, pharma and auto are trading marginally lower, while buying seen in the banking, infra and media space.


10:31:27 AM

Morning Update: Nifty choppy amid weak Asian cues

The broader NSE Nifty moved to 11,911, up 2 points from the previous close. Indian equity index nifty continued to fluctuate between gains and losses as weak cues from Asian markets kept investors jittery.

Among gainers, India Bull Housing Finance, Asian Paints, IndusInd bank, Yes Bank and Zeel gained by up to 3 percent. Among losers, Vedanta, Drreddy, Hindalco, Gail and Eicher Motor dipped 1.83 percent.


9:38:49 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 512.00 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 141.09 crore as on July 2nd 2019.


9:02:22 AM

Top News Of The Day

Reliance Jio To Raise Money

  • Jio is set to raise about $500 million (Rs 3,500 crore) in fresh overseas borrowings as India’s newest phone company doubles down on optic-fibre expansion to back up its home broadband entry and prepares for upcoming spectrum sales. 

Tata Steel To Raise Capital

  • Tata Steel is raising as much as $500 million through syndicated overseas loans to fund expansion and refinance debt.

9:01:20 AM

Good Morning

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By | 2019-07-03T18:22:54+05:30 July 3rd, 2019|Categories: Intraday Stock Update, Morning Update|Tags: |0 Comments

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Live Indian Market Intraday Updates on 03 July 2019

Nifty end flat ahead of the Union Budget How well the EQSIS recommendations performed today 03 July? 1. EQSIS Intra: Short TATASTEEL below 504.5 Target 498.1 Stop above 509.6 CMP 505 Status: Not Initiated 2. EQSIS Intra: Long DABUR above 407 Target 412 Stop below 403 CMP 406 Status: Stoploss 3. EQSIS Intra: Long RELIANCE