Nifty snaps 3-day rally; auto, bank, IT, pharma stocks plunge
How well the EQSIS recommendations performed today 12 June?
1. EQSIS Intra: Long CIPLA above 564 Target 567.8 Stop below 561 CMP 562
2. EQSIS Intra: Short COALINDIA below 255.5 Target 252.9 Stop above 257.6 CMP 256
3. EQSIS Intra: Long HINDUNILVR above 1843 Target 1869.3 Stop below 1822 CMP 1439
Status: On Cost
Top Stocks To Watch On Thursday 13 June 2019
MOTHERSUMI strengthen by 3.42% and finished at Rs. 122.35. Meanwhile it registered an exceptional returns over a recent days. Trading volume increased by 6 percent at last trading day. Derivative traders were aggressive in exiting short positions. Open interest reduced by 8.91 %. It is regularly rising for 3 days. It is oscillating nearer to its resistance zone of 126.
RELCAPITAL plunged by 5.93% and settled at Rs.88.1. At the same time it registered a remarkable fall on the weekly basis. Trading volume hiked by 16 percent. But largely the volumes are intraday in nature. The momentum of the sellers is visible through the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 140.
IBULHSGFIN plunged by 7.93% and settled at Rs.621.05. At the same time it secured significant loss on the weekly basis. Trading volume hiked by 174 percent at last trading day. Yet most of the trades are intraday in nature. It signals bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 832.
DLF dipped by 3.65% and closed at Rs.184.55. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest surged by 2.99 %. The technical indicator RSI signals overbought scenario.It is trading inside the trading range. The Support is seen around 161 and resistance is seen around 199.
DHFL strengthen by 3.44% and closed at Rs.93.25. . 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.Currently it is trading around the lower range of its price band. The crucial support zone is around 89.
TORNTPHARM witnessed Star pattern on daily chart. TORNTPHARM volume spiked by 259 percent on 12 June 2019. Impressively 62% of the trades are deliverable volume. Currently it is trading around the lower range of its price band. The crucial support zone is around 1503.
BATAINDIA volume hiked by 31 percent. But majority of them are intraday trades. It is steadily rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1306.
JINDALSTEL advanced by 2.22% and settled at Rs.165.7. Trading volume hiked by 109 percent on 12 June 2019. However numerous trades were intraday in nature. It is oscillating nearer to its resistance zone of 169.
TATASTEEL Increase by 2.71% and to close at Rs.505.85. Trading volume rose by 68 percent on 12 June 2019. But most of the trades are settled intraday. It is oscillating nearer to its resistance zone of 510.
UJJIVAN volume hiked by 16 percent on 12 June 2019. But largely the volumes are settled intraday. It is trading inside the trading range. The Support is seen around 308 and resistance is seen around 368.
DISHTV volume increased by 59 percent on Wednesday. However largely the volumes are settled intraday. It is oscillating nearer to its resistance zone of 33.
Closing Bell: Nifty snaps 3-day rally; auto, bank, IT, pharma stocks plunge
The broader NSE Nifty closed 59 points lower at 11,906 levels. The NSE Nifty 50 Index snapped three sessions of gains to settle lower as auto, Information technology, Capital goods, pharma and banking sector shares came under selling pressure ahead of the release of key macroeconomic data on industrial growth and inflation. Meanwhile, Asian markets finished broadly lower today as worries over the US-China trade tariff wars resurfaced.
Nine out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index’s 2 percent decline followed by banking, auto and pharma indices. On the flipside, the NSE Nifty Metal Index was the top sectoral gainer, up 0.39 percent.
Best And Worst Nifty 50 Performers Today
Among the Nifty50, the leading stocks are Tata Steel, GAIL and ONGC, while losers are Sun Pharma and the losers are Indiabulls Housing, Yes Bank and Bharti Infratel.
Market Update: Nifty below 11,900 mark; all sectoral indices in red except metals
The NSE Nifty 50 Indexes extended losses dragged by weakness in auto, finance and pharma stocks. The NSE Nifty 50 Index fell below important level of 11,900 and currently trading 584 points lower at 11879 level. Among the sectors, except metal all other indices are trading lower led by IT, pharma, auto, bank and infra.
Pharma shares was under focus as the NSE Nifty Pharma Index fell over 1 percent, led by the declines in Biocon Ltd, Piramal Enterprises, Cadila Health Care and Aurobindo Pharma Ltd.
The market breadth was tilted in favour f sellers. About 1093 stocks fell and 653 shares advanced on National Stock Exchange.
Morning Update: Nifty trade lower ahead of macroeconomic data release
The NSE Nifty index moved to 11,906, down 59 points from the previous close. Indian benchmark index nifty were trading lower on Wednesday as investors remain cautious ahead of CPI and IIP data. Meanwhile, Asian market were trading lower today as the US-China trade tariff war concerns weighed down sentiments.
On the sectoral front, except Media and Metal, all the major indices are trading in the red, led by pressured selling interest in Financial Services, IT, Banking and Realty stocks.
India bulls Housing Finance, YES Bank, Infratel, Bharti Airtel, Bajaj-Auto, HCL Tech, Tech Mahindra and TCS were among the top losers of the morning trading session while, Tata Steel, Vedanta, Sun Pharma, Gail, Hindalco and JSW Steel were among the top gainers in the trading platforms.
FII & DII data
The foreign institutional investors (FIIs) bought shares worth Rs 320.43 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 151.01 crore as on Jun 12th 2019.