Nifty extends fall to eighth day; IT , Metal stocks plunge


How well the EQSIS recommendations performed today 10 May?

1. EQSIS Intra: Long ACC above 1613 Target 1629.4 Stop below 1599.9 CMP 1609

Status: Stoploss

2. EQSIS Intra: Short AUROPHARMA below 751 Target 743.4 Stop above 757.1 CMP 753

Status: Positive

3. EQSIS Intra: Long DABUR above 370.3 Target 373.9 Stop below 367.45 CMP 370

Status: On Cost


5:53:58 PM

Top Stocks To Watch On Monday 13 May 2019

ZEEL gained by 3.72% and to close at Rs.371.2. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is one among the top traded stocks. However most of the trades are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 355.

VOLTAS witnessed Bullish Piercing pattern on daily chart. VOLTAS volume inflated by 891 percent at last trading day. However numerous trades were settled intraday. The aggressive nature of bears is recognized by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 627.

MGL plunged by 5.22% and closed at Rs.889.45. Trading volume increased by 519 percent on Friday. However most of the trades are settled intraday. It suggest for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 1030.

TATASTEEL plunged by 6.23% and settled at Rs.486.8. Trading volume inflated by 200 percent at last session. It suggest for bearish trend. It is frequently scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 560.

PETRONET witnessed Star pattern on daily chart. PETRONET volume hiked by 126 percent at last session. Impressively 78% of the trades are deliverable volume. It is trading inside the trading range. The Support is seen around 232 and resistance is seen around 243.

PVR dropped by 2.45% and to close at Rs.1715.4. Trading volume inflated by 40 percent at last session. However largely the volumes are settled intraday. It is trading inside the trading range. The Support is seen around 1663 and resistance is seen around 1807.

SBIN Increase by 2.92% and settled at Rs.308.05. Trading volume hiked by 261 percent on 10 May 2019. However largely the volumes are intraday in nature. It is trading inside the trading range. The Support is seen around 300 and resistance is seen around 319.

CANBK strengthen by 3.33% and settled at Rs.265.5. Trading volume spiked by 143 percent on 10 May 2019. Yet most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 255 and resistance is seen around 287.

KAJARIACER gained by 3.65% and settled at Rs.583.4. Trading volume inflated by 602 percent on Friday. Yet numerous trades were intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 562.

NCC surged by 4.87% and settled at Rs.95.9. Trading volume increased by 34 percent at last session. But 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 92.

LUPIN slipped by 3.36% and to close at Rs.835.9. Derivative traders were aggressive in adding short positions. Open interest increased by 2.78 %. It is trading inside the trading range. The Support is seen around 797 and resistance is seen around 880.

OFSS volume increased by 129 percent on Friday. It Indicates bearish breakout. The aggressive nature of sellers is acknowledged by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 3615.


5:14:36 PM

Closing Bell: Nifty extends fall to eighth day; IT , Metal stocks plunge

The benchmark index Nifty 50 Index fell 23 points to close at 11,279. The NSE Nifty 50 extending losses for eighth straight sessions dragged by IT and metal stocks amid escalating tensions between the US and China.

The NSE Nifty lost 3.7 percent this week and settled below 11,300 mark.

On the sectoral front, top declining index was Metal index, that closed down by 1.53%, followed by IT and FMCG. The top gaining indices was Nifty PSU Bank index, ending up by 2.55%, followed by media and banking.


9:56:32 AM

Morning Update: Nifty trade flat; IT & FMCG top drag

The NSE’s Nifty50 index were trading 3 points higher at 11,298. Domestic equity index nifty turned flat on Friday following caution in global markets ahead of the planned tariff hike by the US on Chinese goods. All indices on the Nifty50, barring IT and FMCG, were trading in the green. Nifty Media was the top gainer, up 1.05 per cent, followed by PSU Bank, Media and banking stocks.


9:40:15 AM

FII/DII Data

 In yesterday’s trading session FIIs sold 655cr worth of stock in cash, whereas DIIs bought 678cr worth of stock. In the derivative market, FIIs sold 2068cr of Index futures and bought 2047cr worth of Index options. In the Stock futures segment, FIIs sold 952cr worth of stock futures and sold 160cr stock options.


9:37:59 AM

Nifty Earnings To Watch

  • State Bank of India
  • Larsen & Toubro
  • Eicher Motors
  • Canara Bank

9:19:48 AM

Earnings Reaction To Watch

Asian Paints Ltd

  • Total revenue grew to Rs 5075 crores in Q4 FY19, an increase from Rs 4531 crores in Q4 FY18.
  • Net profit after tax to Rs 487 crores in Q4 FY19, a decrease from Rs 495 crores in Q4 FY18.
  • Earnings per share to Rs 4.93 in Q4 FY19, a decrease from Rs 5.01 in Q4 FY18.

Apollo Tyres Ltd

  • Total revenue grew to Rs 43222 crores in Q4 FY19, an increase from Rs 40752 crores in Q4 FY18.
  • Net profit after tax to Rs 839 crores in Q4 FY19, a decrease from Rs 2501 crores in Q4 FY18.
  • Earnings per share to Rs 1.4 in Q4 FY19, a decrease from Rs 4.4 in Q4 FY18.

9:14:38 AM

Top News Of The Day

Maruti Slashes Its Productions

  • Maruti reduces production by 9.6% to 163,368 units in April, in March by 20.9%, in February by 8.3%.In fiscal year 2019, Maruti Suzuki’s vehicle sales grew 6.1% to around 1.75 million units, the lowest in five years.

L&T Acquires Crucial Stake In Mindtree

  •  L&T has managed to buy 6% in Mindtree from the open market and a 20% stake jointly held in Mindtree by Café Coffee Day founder VG Siddhartha and two CCD affiliate firms
  • L&T will also purchase an additional 15% from the open market and 31% in the open offer.

9:11:41 AM

Good Morning

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