Nifty ends at fresh closing high of 11,787; financials drive gains


How well the EQSIS recommendations performed today 16 April?

1. EQSIS Intra: Long BAJFINANCE above 3055 Target 3087.5 Stop below 3029 CMP 3050

Status: Stoploss

2. EQSIS Intra: Long ICICIBANK above 405.5 Target 408.6 Stop below 403 CMP 404.5

Status: Positive

3. EQSIS Intra: Long TCS above 2150 Target 2168.8 Stop below 2135 CMP 2145

Status: Stoploss


6:08:07 PM

Top Stocks To Watch On Thursday 18 April 2019

PCJEWELLER surged by 15.79% and finished at Rs. 145.95. Additionally it reported an exceptional gains on the weekly basis. Trading volume inflated by 376 percent. Yet largely the volumes are settled intraday. There is an evidence of bullish breakout. It is continuously advancing for 8 days. This stock is currently settled above the recent resistance zone. We see short term support around 78.

ICICIBANK gained by 3.63% and to close at Rs.407. Trading volume inflated by 131 percent at last trading day. There is an evidence of bullish breakout. The strength of the bulls is recognized by the unfilled gap.It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 384.

COALINDIA witnessed Star pattern on daily chart. COALINDIA volume hiked by 1060 percent on 16 April 2019. Interestingly 71% of the trades gone for delivery. There is an evidence of bearish reversalIt is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 231.

JETAIRWAYS plunged by 8.1% and to close at Rs.240.5. Trading volume inflated by 298 percent on Tuesday. However majority of them are intraday trades. The momentum of the sellers is recognized by the opening gap.It is trading inside the trading range. The Support is seen around 221 and resistance is seen around 278.

RELCAPITAL plunged by 7.19% and finished at Rs. 171.65. It is listed in top traded counters. It suggest for bearish trend. Derivative traders were aggressive in adding short positions. Open interest surged by 9.94 %. It is trading below its recent support zone. The Near term resistance is seen around 211.

INDIGO surged by 7.08% and finished at Rs. 1581.9. Trading volume increased by 560 percent on 16 April 2019. There could be bullish trend formation. It is steadily heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1332.

DCBBANK surged by 5.17% and ended at Rs.202.25. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 319 percent. But numerous trades were intraday in nature. It is oscillating nearer to its resistance zone of 207.

NESTLEIND volume spiked by 55 percent at last session. Impressively 72% of the trades are deliverable volume. It Indicates positive breakout. It is regularly rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 10392.

WIPRO dropped by 2.36% and closed at Rs.280.9. It witnessed Bearish Engulfing pattern on daily chart. Trading volume spiked by 174 percent at last trading day. The strength of the sellers is evident from the opening gap.It is oscillating nearer to its resistance zone of 284.

CIPLA witnessed Bearish Piercing pattern on daily chart. The technical indicator RSI indicates overbought scenario.It is continuously advancing for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 518.

AJANTPHARM witnessed Star pattern on daily chart. AJANTPHARM volume hiked by 156 percent. However majority of them are settled intraday. It is regularly rising for 3 days. It is oscillating nearer to its resistance zone of 1051.

INFY is one among the top traded stocks. Surprisingly 58% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 714.

 


4:41:05 PM

Closing Bell: Nifty ends at fresh closing high of 11,787; financials drive gains

The broader Nifty 50 index settled 96 points higher at 11787. The benchmark index Nifty ended at record closing high for the fourth straight session on Tuesday led by gains in financial stocks, amid sustained buying from foreign investors and positive sentiment in global peers. Among sectoral indices, the Nifty PVT Bank index settled over 1.5% higher led by a rise in DCB Bank, IndusInd Bank, ICICI Bank and RBL Bank.

Indian markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday.

NSE Sector Performance

 


1:48:44 PM

Market Update: Nifty moving in a narrow range after hits new all-time high

Equity benchmark index Nifty were trading 97 points higher at 11,786 on Tuesday. After reclaiming record highs, Nifty moving in a narrow range from 11770 to 11795. Among sectoral indices, the Nifty Bank index was the top gainer and was trading over 1 per cent higher followed by banking indices, auto, media and FMCG stocks.


10:14:38 AM

Morning Update: Nifty hits new all-time high

Domestic equity index Nifty were trading 92 points higher at 11,782 on Tuesday. The NSE Nifty clocking a record high in the morning deal led by gains in banking, metal and auto stocks amid unabated foreign fund inflows and positive cues from Asian markets. Most of the sectoral indices were trading in green with Nifty PVT bank gaining the most followed by banking indices and Nifty Pharma.

The market breadth, indicating the overall health of the market, was strong. On NSE, 958 shares rose and 608 shares fell. A total of 125 shares were unchanged.

Wipro shares were in focus ahead of the announcement of quarterly earnings by the company due in the day

Indian markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday.


10:13:35 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) bought shares worth Rs 605.60 crore and Domestic Institutional Investors sold Rs 581.36 crore worth of shares in the Indian equity market on April 15.


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