Nifty end lower, a day after record rally


How well the EQSIS recommendations performed today 04 June?

1. EQSIS Intra: Short TCS below 2192 Target 2168.3 Stop above 2211 CMP 2199

Status: Positive


6:08:46 PM

Top Stocks To Watch On Thursday 6 June 2019

TATAGLOBAL strengthen by 3.47% and closed at Rs.253.45. Trading volume inflated by 254 percent at last session. It gives an impression of positive breakout. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 196.

IDBI surged by 7.73% and settled at Rs.39.7. Trading volume spiked by 261 percent on Tuesday. However most of the trades are intraday trades. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 33.

ZEEL dipped by 3.75% and to close at Rs.346.05. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 4.09 %. It is trading inside the trading range. The Support is seen around 323 and resistance is seen around 387.

UJJIVAN volume spiked by 66 percent. But majority of them are intraday in nature. It suggest for bullish trend formation. It is continuously rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 304.

UNIONBANK climbed by 1.96% and to close at Rs.78.05. Trading volume inflated by 36 percent on 4 June 2019. However most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 69 and resistance is seen around 85.

MCDOWELL-N Increase by 2.55% and to close at Rs.571.8. Trading volume inflated by 81 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 518.

AMBUJACEM plunged by 4.3% and finished at Rs. 226.95. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 2.48 %. It is trading inside the trading range. The Support is seen around 208 and resistance is seen around 239.

DISHTV plunged by 4.18% and closed at Rs.27.5. Meantime it registered an exceptional loss in last five session. It is continuously grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 35.

MANAPPURAM strengthen by 3.31% and to close at Rs.138.95. Trading volume spiked by 152 percent at last session. It suggest for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 113.

Derivative traders were aggressive in unwinding long positions. Open interest reduced by 3.43 %. The technical indicator RSI signals overbought scenario.It is continuously rising for 4 days. It is oscillating nearer to its resistance zone of 1257.

MRF advanced by 2.46% and settled at Rs.57382.45. Trading volume hiked by 92 percent on 4 June 2019. It suggest for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 52908.

RECLTD advanced by 2.34% and closed at Rs.148.65. Trading volume spiked by 51 percent at last session. It suggest for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 133.

 


4:21:50 PM

Closing Bell: Nifty end lower, a day after record rally

The NSE Nifty was down by 66 points at 12,021, at the closing bell.  The Benchmark index nifty ended lower today and took a breather from a rally to record highs, as investors awaited the Reserve Bank of India’s policy meet outcome later this week.  Among the sectors, except for Metals and PSU Banks, all other indices ended in red led by IT, Media, Auto and FMCG.

Meanwhile, Asian markets finished lower today amid ongoing global trade tensions and suggestions of a Federal Reserve interest-rate cut percolated.

Markets will remain closed on Wednesday on account of Eid. 

Nifty Top Gainers/Losers


12:43:17 PM

Market Update: Nifty extend losses as IT, pharma stocks weigh

The NSE Nifty 50 Indexes extended losses dragged by weakness in Drreddy, Hero MotoCorp, Asian Paints, HCL Tech, TCS, IOC, BPCL and Bajaj Auto. The NSE Nifty 50 Index fell below important level of 12,050 and currently trading 52 points lower at 12035 level. IT, Pharma and Media shares were facing heightened selling pressure as the respective sector gauges on the National Stock Exchange fell between 0.9 to 1.20 per cent respectively.


9:40:35 AM

Morning Update: Nifty around 12,100 mark; IT stocks top drag

Benchmark equity index Nifty were trading tepid note in the morning session, amid some selling pressure in IT stocks. The Nifty 50 Index were trading 10 points lower at 12,077 While Nifty above its key level 12,050. All sectoral indices are giving mixed trends, with gains visible among banking, metal and realty sectors, while IT and media sectors are showing minor signs of pressure. Meanwhile, the Reserve Bank of India’s Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday. 

The market breadth, indicating the overall health of the market, was strong. On NSE, 965 shares rose and 495 shares fell. A total of 92 shares were unchanged.

Top laggards on the 50-scrip benchmark index were HCL Tech, Tata Consultancy Services (TCS), Hero MotoCorp, Asian Paint, Zee Entertainment and Adani Port trading between 1.42 per cent and 2.35 per cent lower.

On the currency front, the rupee also appreciated 18 paise to 69.08 against the US dollar.


9:26:29 AM

FII & DII data

The foreign institutional investors (FIIs) bought shares worth Rs 993,81 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 462.69 crore as on Jun 3rd 2019.


9:23:37 AM

Top News Of The Day

Recapitalization Of Banks In Fy20

  • The government may infuse around Rs 40,000 crore into state-run lenders in 2019-20 as it looks to strengthen their balance sheets to enable them to step up lending.

SEBi Sends To HDFC Mutual Fund

  • The Securities and Exchange Board of India (Sebi) has sent legal notices to Milind Barve, managing director of HDFC Mutual Fund, some top officials at the fund house and HDFC Trustee Company for extending the maturity of its fixed maturity plan (FMP) due to Essel group’s inability to repay. 

9:19:42 AM

Good Morning

Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the marke
By | 2019-06-06T11:34:49+05:30 June 4th, 2019|Categories: Intraday Stock Update, Morning Update|0 Comments

Leave A Comment

It is your turn

What do you think? Will this really help you or your friend and communities? Share your views under the comment section.

Wait before you go.... People of all ages discover something they didn’t expect. Share this to stay connected with your friends and community.

Live Indian Market Intraday Updates on 04 June 2019

Nifty end lower, a day after record rally How well the EQSIS recommendations performed today 04 June? 1. EQSIS Intra: Short TCS below 2192 Target 2168.3 Stop above 2211 CMP 2199 Status: Positive 6:08:46 PM Top Stocks To Watch On Thursday 6 June 2019 TATAGLOBAL strengthen by 3.47% and closed at Rs.253.45. Trading volume inflated