NIFTY Snap Two-Day Fall ahead of 72nd Independence Day


Updated 6:00 pm

How well the EQSIS recommendations performed today 14 August?

Market Sentiment: We concluded the market sentiment as bullish as NIFTY opened higher from the previous closing amid weak Indian Rupee and positive global cues.

1. EQSIS Intra: Long AXISBANK above 620 Target 626 Stop below 614 CMP 618

This call was the first pick in the morning as this stock was grinding higher levels in the first hour of trade along with Financial sector.

Result: Negative

This call was initiated as expected but unfortunately started to consolidate and ended just below the entry level on market closing time.

2. EQSIS Intra: Long DLF above 203 Target 205.25 Stop below 200.75 CMP 202

This call given in the morning as this stock was performing well with good liquidity.

Result: No Gain / No loss

This call was initiated as expected and started to grind higher but unfortunately missed the target and ended at the entry level on market closing time.


Updated 5:50 pm

Top Stocks To Watch On Thursday 16 August

APOLLOHOSP surged by 5.86% and ended at Rs.1131.2. At the same time it reported significant returns in last five session. Trading volume rose by 379 percent at last trading day. Yet largely the volumes are intraday trades. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 919.

ENGINERSIN dropped by 2.4% and to close at Rs.119.85. Meanwhile it recorded an exceptional weakness in last five session. Trading volume hiked by 72 percent at last trading day. It is frequently scaling down for 3 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 119.

ALBK plunged by 6.55% and finished at Rs. 39.95. Additionally it registered an exceptional weakness over a recent days. Trading volume inflated by 351 percent at last session. Yet numerous trades were settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 39.

DLF surged by 4.46% and finished at Rs. 202.8. Trading volume inflated by 80 percent at last trading day. However numerous trades were intraday in nature. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 170.

SUNTV volume rose by 91 percent. Derivative traders were aggressive in exiting short positions. Open interest reduced by 10.96 %. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 743 and resistance is seen around 831.

OFSS witnessed Star pattern on daily chart. OFSS volume increased by 177 percent. It is heading for positive breakout. The momentum of the bulls is visible through the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 3810.

DHFL surged by 5.78% and to close at Rs.658.2. Trading volume inflated by 151 percent. However largely the volumes are intraday in nature. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 592.

HCLTECH volume increased by 90 percent on 14 August 2018. Noticeably 62% of the trades are taken for delivery. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.01 %. It is oscillating nearer to its resistance zone of 1004.

CEATLTD volume inflated by 91 percent at last trading day. However largely the volumes are intraday in nature. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1253.

PAGEIND volume rose by 409 percent on Tuesday. It Indicates bearish reversalThe momentum of the bulls is evident from the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 28030.

NIITTECH gained by 3.7% and closed at Rs.1337.35. Trading volume spiked by 67 percent on 14 August 2018. It signals bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1074.

SUNPHARMA surged by 6.72% and settled at Rs.601.8. Trading volume spiked by 517 percent on Tuesday. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 542.


Updated 4:30 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.70 percent to settle at 11435.10 on Tuesday. Indian Equity benchmark NIFTY ended higher rebounding after two sessions of losses led by gains in Pharmaceutical and Banking stocks despite weak Indian Rupee against Dollar. The sentiment at traders and investors’ desk took as hit as investors shifted their focus back to June quarter earnings. As markets will remain shut tomorrow on account of “Independence Day”, while resuming on Thursday investors will look on to the record breaking Indian market, stable Indian Rupee and impressive global cues.

All sector gauges compile by NSE ended higher led by NIFTY PHARMA, NIFTY REALTY, NIFTY MEDIA and NIFTY PVT BANK indexes as top gainers.

From the NIFTY50 basket of shares SUNPHARMA, YESBANK, LUPIN, CIPLA and BAJFINANCE ended as top gainers while UPL, ADANIPORTS, HEROMOTOCO, BHARTIARTL and HINDPETRO are top losers.


Updated 3:00 pm

Market Breadth Stood In Favor OF Bulls

The Number of advancing companies in the NSE was greater than the number of decling companies in the NSE from the opening bell in today’s trading session.


Updated 1:50 pm

Afternoon Market Update: The NSE Nifty 50 rose 0.78 percent higher to 11444.65 in the afternoon trade on Tuesday. India equity benchmarks trading higher rebounding after two sessions of losses led by gains in IT and Banking stocks. The overall market breadth indicating the health of the market remain significantly positive

All sector gauges compile by NSE were trading higher led by NIFTY REALTY, NIFTY IT and NIFTY FMCG as top gainers.

Global Market Check: European markets opened higher tracking Asian markets which finished higher on Tuesday. The Worldwide equity markets bounced back from the losses occurred in the previous sessions due to economic uncertainty in Turkey.


Updated 12:01 pm

Banking Sector On A Roll 

Eleven out of 12 NSE sectors trading higher led by gains in Banking and Information Technology sectors on Tuesday.


Updated 11:35 am

Market Update: The NSE Nifty 50 rose 0.49 percent at 11411.20 on Tuesday. India equity benchmarks trading higher rebounding after two sessions of losses led by gains in IT and Banking stocks. The Market breadth indicating the health of the market is significantly positive from the opening bell.

All sector gauges compile by NSE were trading higher led by NIFTY REALTY, NIFTY IT and NIFTY FMCG as top gainers.

Global Market Check: Asian markets were trading mixed to higher bouncing back from the losses occurred due to economic uncertainty in Turkey.


Updated 11:00 am

Indian Rupee Falls Below 70 Against Dollar

The Indian Rupee breached historic low  of 70 per dollar for the first time today.


Updated 9:20 am

Earnings To Watch

  • Grasim
  • Sun Pharma
  • Allahabad Bank
  • Cox & Kings
  • Finolex Cables
  • Fortis Healthcare
  • Housing Development & Infra
  • IDBI Bank
  • GMR Infrastructure
  • Indiabulls Real Estate
  • Indiabulls Ventures
  • NLC India
  • SpiceJet

Updated 9:00 am

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