Nifty clock fresh closing high on rate cut hopes


How well the EQSIS recommendations performed today 03 June?

1. EQSIS Intra: Long BAJFINANCE above 3506 Target 3541 Stop below 3478 CMP 3500

Status: Positive

2. EQSIS Intra: Long TCS above 2227 Target 2253.3 Stop below 2206 CMP 2220

Status: Positive


6:28:46 PM

Top Stocks To Watch On Tuesday 4 June 2019

ASIANPAINT gained by 3.69% and settled at Rs.1459.25. Trading volume inflated by 71 percent at last trading day. There could be bullish breakout. The momentum of the buyers is indicated by the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 1302.

APOLLOHOSP surged by 9.57% and to close at Rs.1357.3. Trading volume spiked by 208 percent on 3 June 2019. But numerous trades were settled intraday. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1132.

JUSTDIAL gained by 3.84% and ended at Rs.795. Additionally it registered a considerable returns over a recent days. Trading volume inflated by 40 percent on 3 June 2019. Yet most of the trades are intraday in nature. It is oscillating nearer to its resistance zone of 797.

BHARATFIN surged by 4.16% and settled at Rs.1042.45. Trading volume rose by 41 percent at last trading day. Interestingly 62% of the trades are deliverable volume. This stock is currently settled above the recent resistance zone. We see short term support around 844.

AUROPHARMA dropped by 2.31% and finished at Rs. 656.85. Trading volume rose by 44 percent at last trading day. Yet majority of them are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 650.

TCS is the most active stock. Derivative traders were aggressive in adding long positions. Open interest surged by 5.26 %. This stock is currently settled above the recent resistance zone. We see short term support around 2043.

MOTHERSUMI fell by 1.39% and closed at Rs.113.75. At the same time it reported a remarkable fall in last five session. Currently it is trading around the lower range of its price band. The crucial support zone is around 112.

DISHTV fell by 1.37% and to close at Rs.28.7. Additionally it registered a remarkable weakness on the weekly basis. Currently it is trading around the lower range of its price band. The crucial support zone is around 27.

RELINFRA plunged by 4.86% and closed at Rs.98.95. Also it registered a considerable decline over a recent days. Currently it is trading around the lower range of its price band. The crucial support zone is around 98.

BANKBARODA fell by 1.28% and to close at Rs.131.55. It is listed in top traded counters. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 142.

GODREJCP volume spiked by 55 percent at last trading day. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 632.

CESC volume inflated by 133 percent at last session. It gives an impression of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 646.

 


5:05:56 PM

Closing Bell: Nifty clock fresh closing high on rate cut hopes

The broader NSE Nifty jumped 166 points to close at the lifetime high of 12,089 on Monday, as weak economic growth data raised prospects of a rate cut by the central bank at its policy meeting scheduled later this week. Besides, a strengthening rupee and falling crude oil prices too boosted investor sentiment. 

Among sectoral sub-indices, Nifty Metal and Nifty Auto gained the most at, 1.75 and 1.90 percent, respectively.

Nifty Top Gainers/Losers


1:39:00 PM

Market Update: Nifty reclaims 12,000 mark; auto, metal, banking stocks lead

The NSE Nifty50 reclaiming their crucial levels of 12,000 level and currently trading 96 points higher at 12019 level. The domestic share index nifty continued to rally in afternoon trade driven by gains in auto, metal and financial stocks.

The market breadth, indicating the overall health of the market, was weak. On NSE, 789 shares rose and 977 shares fell. A total of 106 shares were unchanged.


9:55:24 AM

Morning Update: Nifty trade higher despite correction in global markets

The 50-share NSE index Nifty were trading 40 points higher at 11,963 against the previous close of 11,922. Benchmark index nifty were trading higher despite correction in global markets. Gains in fast-moving consumer goods, banking, realty and energy stocks supported the markets, however weakness in PSU bank and pharma counters kept the upside in check. 

Top gainers on the 50-scrip benchmark index at the time were Hero MotoCorp, Asian Paints, Bajaj Auto, Britannia Zeel and IOC were trading between 1.33 per cent and 4.5 per cent higher.

The Reserve Bank of India (RBI) will release its second bi-monthly policy statement of financial year 2019-20 on Thursday. 

On the currency front, the rupee also appreciated 24 paise to 69.45 against the US dollar.


9:28:08 AM

Top News Of The Day

RBI Could Have Avoided IF&FS Crises

  • Timely intervention by the Reserve Bank could have led to the crisis at the Infrastructure Leasing & Financial Services Ltd (IL&FS) being detected earlier says the Serious Fraud Investigation Office.

FPI On Bullish Mode

  • Overseas investors pumped in a net amount of Rs 9,031 crore into the Indian capital markets in May on expectations of more business-friendly measures following the BJP’s landslide victory in the general elections. 

9:24:26 AM

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