Nifty gives up 10,500-level on exit poll prediction ahead 5 state assembly election results
Updated 6:20 pm
How well the EQSIS recommendations performed today 10 December?
Market Sentiment: We concluded the market sentiment as bearish as NIFTY was trading broadly lower in the opening hour of trade.
1. EQSIS Intra: Long BANKBARODA above 105.8 Target 107.4 Stop below 104.5 CMP 105.4
This call was given in the morning as index was seen performing well along with good volume.
Result: No Gain/No Loss
This call was initiated and was seen grinding higher but unfortunately struck in the volatility and ended at the entry level.
2. EQSIS Intra: Long HEROMOTOCO above 3055 Target 3081.3 Stop below 3034 CMP 3050
This call was picked as this stocks was seen recovering well along with Auto sector
Result: Not Initiated
This call was not initiated as this stock struck in the volatility.
Updated 6:15 pm
Top Stocks To Watch On Tuesday 11 December 2018
COALINDIA rose by 0.59% and finished at Rs. 238.15. Trading volume inflated by 113 percent on Monday. Impressively 64% of the trades are deliverable volume. Derivative traders were aggressive in exiting short positions. Open interest reduced by 8.35 %. It is regularly sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 270.
ALBK Increase by 2.55% and settled at Rs.44.2. . 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 regularly grinding lowere levels for 5 days. It is trading inside the trading range. The Support is seen around 38 and resistance is seen around 49.
DISHTV climbed by 1.78% and settled at Rs.34.25. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It witnessed Bullish Piercing pattern on daily chart. The intensity of the bears is acknowledged by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 42.
JETAIRWAYS plunged by 6.73% and closed at Rs.257.65. Also it registered significant decline over a recent days. The momentum of the sellers is indicated by the opening gap.It is frequently sliding for4 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 249.
NTPC witnessed Star pattern on daily chart. NTPC volume increased by 143 percent at last session. Furthermore 74% of the trades are taken for delivery. It is steadily sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 158.
KOTAKBANK plunged by 6.35% and settled at Rs.1198.35. Trading volume increased by 209 percent at last trading day. But most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 1129 and resistance is seen around 1259.
ONGC volume increased by 148 percent at last trading day. Impressively 66% of the trades gone for delivery. It is heading for bearish breakout. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 161.
OIL volume inflated by 104 percent at last session. Impressively 71% of the trades are taken for delivery. It Indicates bearish trend. It is steadily scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 207.
TORNTPOWER plunged by 4.34% and closed at Rs.245.6. Trading volume increased by 11 percent on 10 December 2018. It signals It is frequently scaling down for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 274.
IOC gained by 3.55% and finished at Rs. 134.35. It witnessed Bullish Engulfing pattern on daily chart. Trading volume rose by 201 percent on Monday. Currently it is trading around the lower range of its price band. The crucial support zone is around 131.
BEML rose by 0.99% and settled at Rs.716.1. Trading volume rose by 33 percent on 10 December 2018. However numerous trades were intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 694.
TATAMOTORS is one among the top traded stocks. The strength of the sellers is visible through the todays gap.It is continuously scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 192.
Updated 4:35 pm
Closing Bell: The broader NSE Nifty closed 205.20 points lower at 10488.50. The 50-share index ended the session below 10,500 as bears took complete control on Tuesday after the across-the-board selling in banking, financial services and energy stocks. The investors sentiment dampened by exit polls predictions ahead of the results of assembly elections tomorrow and also sell-off in global markets over economic slowdown concerns.
Among the top losers were Kotak Mahindra Bank, India bulls Housing Finance, Reliance Industries, UltraTech Cement and Bharti Airtel While IOC and BPCL were the top gainers.
European markets are sharply lower tracking Asian markets which closed lower today, as investors worried over economic grown slowdown amid China-US trade war tensions.
Updated 2:37 pm
- HCL Technologies Limited has informed the Exchange regarding a press release dated December 10, 2018, titled ” AEGON signs new five-year IT transformation deal with HCL”.
updated 2:30 pm
Market Update: NIFTY below 10,500-mark
The broader NSE index was trading lower by 193 points at 10,500.10. Nifty fell down by many points on Monday, ahead of the outcome of the just-concluded state elections on Tuesday.
All the sectoral indices are trading in red led by energy, FMCG, Infra, auto, ban, metal and pharma. Among the 50 stocks in the Nifty index, 5 were trading in the green, while 45 were in the red. From the basket of Shares IOC, Yes Bank, Eicher Motors were top gainer. On the flipside Kotak Mahindra, Ultra Tech Cement, India bulls Hsg, Reliance, Bajaj Finance, Adani Ports were top losers.
European markets are broadly lower today Meanwhile Asian shares tumbled has all eyes will be on the trade respite between the US and China, which may aggravate an already tense relation between the two nations, following the arrest of Huawei CFO Meng Wanzhou.
Updated 2:25 pm
Rupee slumps 52 Paise
Indian rupee is trading lower by 52 paise at 71.32 per dollar against previous close 70.80.
Updated 1:55 pm
- UFLEX Limited has informed the Exchange that the Company has entered into an agreement dated December 07,2018 to acquire 100.00% shares of Flex Chemicals Private Limited, a Company incorporated in Russia.
Updated 11:50 am
- Maruti Suzuki India Limited has informed the Exchange regarding a press release dated December 10, 2018, titled “A Green Milestone: Maruti Suzuki achieves five lakh cumulative CNG vehicle sales”.
Updated 10:20 am
Market Update: Nifty 50 slumped below 10,550 level
The broader Nifty index was down 194 points, were trading at 10,499 on Monday. The Indian benchmark index Nifty saw a gap-down opening of about 1.5 percent, with the Nifty giving up 10,550- tracking weak global and domestic cues, as a sell- off witnessed in US equities market and the state election results due on Tuesday.
Selling was visible across all sectors, with metals, infrastructure, automobiles, banks and pharmaceuticals being the top losers. The market breadth was negative as 146 shares advanced, against a decline of 1389 shares, while 70 shares are unchanged. From the basket of shares Adani Ports, M&M, and India bulls Housing lost the most, while TCS was the sole gainer.
Global Market: Asian markets drop in early morning trade following weak trends in the US equity futures market.
Updated 10:15 am
Rupee were trading at 3-week low
The domestic currency opened at three-week low of 71.34 against the US dollar. On Friday, the rupee had closed at 70.80 against the greenback.
Updated 10:05 am
Market Breadth Extremely Bearish
Updated 9:25 am
Top News Of The Day
Its Now Called Innovator’s Growth Platform
- Capital markets regulator SEBI has lined up a slew of relaxations for new-age ventures in sectors like e-commerce, data analytics and bio-technology to raise funds and get their shares traded on stock exchanges.
- SEBI’s board meeting this week, also include renaming the ‘Institutional Trading Platform’ that the regulator had created for such listings as ‘Innovators Growth Platform’.
FPIs pull out nearly Rs 400 crore
- Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.
Infra creation & rural development will be priority areas: Arun Jaitley
- Arun Jaitley has cited that, the highest priority will be given firstly on infrastructure creation to make it world competitive, and secondly to make the largest amount of investments in the rural areas in the coming years.
Updated 9:17 am
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