Nifty reclaims 11K-mark on strong global cues


How well the EQSIS recommendations performed today 14 August?

1. EQSIS Intra: Short LUPIN below 724 Target 714 Stop above 732 CMP 725

Status: Stoploss

2. EQSIS Intra: Long DMART above 1480 Target 1497.5 Stop below 1466 CMP 1477

Status: Positive


6:07:10 PM

Top Stocks To Watch On Friday 16 August 2019

JINDALSTEL surged by 9.49% and to close at Rs.103.8. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 51 percent at last trading day. But most of the trades are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 98.

DRREDDY weakened by 1.74% and to close at Rs.2511.95. It witnessed Star pattern on daily chart. Trading volume increased by 131 percent. The intensity of the sellers is acknowledged by the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 2506.

NATIONALUM dropped by 2.45% and to close at Rs.41.85. It witnessed Star pattern on daily chart. Trading volume hiked by 222 percent on 14 August 2019. The firmness of the bears is evident from the unfilled gap.It is trading below its recent support zone. The Near term resistance is seen around 48.

APOLLOHOSP volume hiked by 655 percent at last trading day. But largely the volumes are intraday in nature. The aggressive nature of sellers is indicated by the unfilled gap.It is trading inside the trading range. The Support is seen around 1293 and resistance is seen around 1403.

GLENMARK plunged by 7.56% and finished at Rs. 384.2. Trading volume increased by 293 percent. It is heading for bearish trend. The momentum of the sellers is indicated by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 450.

IBULHSGFIN dipped by 3.8% and ended at Rs.551.35. It is one among the top traded stocks. Yet numerous trades were intraday trades. It is continuously rising for 3 days. It is trading inside the trading range. The Support is seen around 449 and resistance is seen around 669.

MANAPPURAM surged by 5.63% and to close at Rs.122.8. Trading volume inflated by 109 percent at last session. But numerous trades were intraday in nature. It is trading inside the trading range. The Support is seen around 109 and resistance is seen around 134.

Derivative traders were aggressive in adding short positions. Open interest surged by 2.81 %. The aggressive nature of sellers is acknowledged by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 2809.

IDEA surged by 13% and closed at Rs.5.65. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Currently it is trading around the lower range of its price band. The crucial support zone is around 5.

RBLBANK surged by 4.77% and to close at Rs.388.85. It is the most active stock. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 366.

WIPRO declined by 2.88% and closed at Rs.251.05. Derivative traders were aggressive in adding short positions. Open interest surged by 5.48 %. It is trading below its recent support zone. The Near term resistance is seen around 273.

UBL volume rose by 124 percent at last session. The aggressive nature of sellers is visible through the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 1356.


4:39:19 PM

Closing Bell: Nifty reclaims 11K-mark on strong global cues

The Nifty-50 index gained 103 points and closed at 11,029 levels, above the psychological 11,000 levels. The headline index Nifty ended the weekly option expiry on a positive note, led by sustained buying in metal and financials space along with index heavyweight Bajaj Finance service, Yes Bank, Hero MotoCorp, State Bank of India and Reliance Industries.

Barring the Pharma index, all other sectoral indices on the National Stock Exchange (NSE) traded in the green with the NSE Media index gained the most as much as 2.7 percent. Metal stocks also rose, with the Nifty Metal index gaining 2.3 per cent followed by all banking indices.

Asian stocks joined a global equities surge on Wednesday, after the US announced a delay in the implementation of tariffs on some Chinese goods.

Indian equity markets will remain closed on Thursday on account of Independence Day. They will reopen on Friday, August 16, 2019.

Best And Worst Nifty 50 Performers Today


10:16:09 AM

Morning Update: Nifty rebound on positive global cues

The NSE Nifty benchmark climbed to 10,967, up 42 points from the previous close. The Indian headline index nifty were trading higher on Wednesday following gains in global markets and after retail inflation data boosted chances of a rate cut.

On Wednesday morning, Barring Pharma, Auto and IT sectors, all sectoral sub-indices surged with handsome gains. The Nifty Bank sub-index was over 1 percent gain followed by Media, Realty and other banking indices.

Indiabulls Housing Finance, Tata Steel, Zee Entertainment, UPL and Bajaj Finserv advanced between 2 and 7 percent. Meanwhile, Dr Reddy’s Labs, Yes Bank, Sun Pharma, Power Grid and Indian Oil Corp were top Nifty losers, falling by up to 6 percent.

Market breadth favoured gains with 801 stocks on the NSE trading higher and 733 struggling with losses.


10:02:38 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 638.28 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 201.53 crore as on August 13th, 2019.


9:46:11 AM

Nifty Earnings To Watch

  • Grasim
  • Jindal Steel
  • IDBI Bank
  • Reliance Capital

9:04:32 AM

Earnings Reaction To Watch

Coal India Ltd

  • Total revenue grew to Rs 24939 crores in Q1 FY20, an increase from Rs 24260 crores in Q1 FY20.
  • Net profit after tax to Rs 4630 crores in Q1 FY20, an increase from Rs 3784 crores in Q1 FY20.
  • Earnings per share to Rs 7.5 in Q1 FY20, an increase from Rs 6.1 in Q1 FY20.

NMDC ltd

  • Total revenue grew to Rs 3268 crores in Q1 FY20, a decrease from Rs 2421 crores in Q1 FY20.
  • Net profit after tax to Rs 1179 crores in Q1 FY20, an increase from Rs 975 crores in Q1 FY20.
  • Earnings per share to Rs 3.8 in Q1 FY20, an increase from Rs 3 in Q1 FY20.

9:00:31 AM

Top News Of The Day

Overseas Bond Sale Is Failing

  • India’s foray into international debt markets may consist of little more than sound and fury, as the nation struggles to shed decades of trepidation about borrowing in foreign currencies. 

White House Delays Tariffs On China

  • The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. 

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