Nifty reclaims 11,250 mark; IT, Metal stocks gain


How well the EQSIS recommendations performed today 16 May?

1. EQSIS Intra: Long INFY above 727.5 Target 733.1 Stop below 723 CMP 726

Status: Target

2. EQSIS Intra: Short ITC below 294 Target 291.5 Stop above 296 CMP 294.5

Status: Stoploss

3. EQSIS Intra: Long TITAN above 1176 Target 1184.8 Stop below 1169 CMP 1174

Status: Target


6:07:57 PM

Top Stocks To Watch On Friday 17 May 2019

TATAGLOBAL surged by 10.82% and to close at Rs.220.8. Trading volume increased by 1398 percent on 16 May 2019. But majority of them are intraday in nature. It is likely to witness bullish breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 21.73 %. This stock is currently settled above the recent resistance zone. We see short term support around 197.

TORNTPOWER declined by 2.77% and settled at Rs.238.9. It witnessed Star pattern on daily chart. Trading volume hiked by 158 percent at last session. However largely the volumes are intraday trades. It Indicates negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 263.

YESBANK dipped by 3.64% and to close at Rs.137.75. At the same time it recorded a considerable fall on the weekly basis. It is listed in top traded counters. It is likely to witness It is frequently sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 267.

CADILAHC witnessed Star pattern on daily chart. CADILAHC volume inflated by 204 percent at last session. There is an evidence of bearish breakout. It is regularly grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 343.

INDIGO plunged by 9.03% and to close at Rs.1464.9. Trading volume hiked by 259 percent at last trading day. However 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 1440.

BANKINDIA volume increased by 204 percent at last session. However numerous trades were settled intraday. 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 81.

SUNPHARMA witnessed Star pattern on daily chart. SUNPHARMA volume spiked by 225 percent at last session. 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 403.

PEL plunged by 4.33% and finished at Rs. 2046.6. Trading volume increased by 122 percent at last session. It gives an impression of bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 2692.

MOTHERSUMI volume increased by 50 percent at last trading day. It gives an impression of bearish trend. It is frequently breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 159.

RBLBANK declined by 2.97% and closed at Rs.632.9. Trading volume increased by 85 percent on Thursday. It gives an impression of bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 685.

PETRONET dipped by 3.94% and settled at Rs.224.15. Trading volume hiked by 458 percent at last trading day. It suggest for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 243.

UNIONBANK weakened by 1.82% and ended at Rs.70.15. Meantime it registered a remarkable decline on the weekly basis. It gives an impression of It is trading below its recent support zone. The Near term resistance is seen around 93.


6:04:48 PM

Closing Bell: Nifty reclaims 11,250 mark; IT, Metal stocks gain

The NSE Nifty 50 index gained 0.9% to close at 11,257.10 points on Thursday. The benchmark index nifty reclaiming the 11,250-mark by surging over 100 points on the back of buying witnessed in media, metal and IT stocks amid ahead of key exit poll for the current Lok Sabha elections due on 19 May and results on 23 May. On NSE, except for Nifty Pharma, all other sub-indices were trading in green with Nifty Media leading the pack, up 2.26 percent.

Zee, BPCL, Bajaj Finance, IOC, and Ultratech Cement were among the major gainers on the Nifty50, whereas Yes Bank, Bharti Airtel, IndusInd Bank, Cipla, and Coal India led losses.


1:31:06 PM

Market Update: Nifty trading sideways below 11,200-levels

The Nifty 50 index climbed 29 points to 11,187. The benchmark index nifty were oscillating between gains and losses in the afternoon deal on Thursday’s session amid mixed global cues.

Among the key sectoral indices, Nifty media rose 1.25 percent followed by the IT, which was up 1.04 percent. Nifty Pharma was down 1.31 percent, followed by banking indices.


10:06:59 AM

Morning Update: Nifty trade flat, pharma stocks down

The wider 50-scrip Nifty of the National Stock Exchange (NSE) traded 5 points higher at 11,161 points. Domestic equity index nifty were trading on a tepid note on Thursday tracking mixed cues from global markets amid sustained foreign fund outflows.

Nifty IT Index and Nifty Realty were the only sectoral indices trading in the green with Nifty Pharma being the worst performer trading 2% lower.

Top gainers in the Nifty pack include Tata Motors, Power Grid, Adani ports, Infosys, Wipro, NTPC, Bajaj Finance rising up to 2.39 per cent.

On the other hand, Sun Pharma, Cipla, Eicher Motors, Coal India, Tata Steel and M&M fell up to 3.22 per cent.

Shares of Titan extended gains for the eighth consecutive trading session. The stock rose as much as 1 percent to hit an all-time high.


9:35:48 AM

FII & DII data

Foreign Institutional Investors (FIIs) sold shares worth Rs 1958.01 crore while Domestic Institutional Investors (DIIs) bought Rs 671.77 crore worth of shares in the Indian equity market on 15th May.


9:32:53 AM

Nifty Earnings To Watch

  • Bajaj Finance
  • Bajaj Finserv
  • Hindalco Indstries
  • Bank of India
  • JK Tyre & Industries

9:19:51 AM

Earnings Reaction To Watch

Lupin

  • Total revenue grew to Rs 4492 crores in Q4 FY19, an increase from Rs 4178 crores in Q4 FY18.
  • Net profit after tax to Rs 289 crores in Q4 FY19, a increase from Rs -783 crores in Q4 FY18.
  • Earnings per share to Rs 6.4 in Q4 FY19, an increase from Rs -17 in Q4 FY18.

Amararaja Batteries

  • Total revenue grew to Rs 1573 crores in Q4 FY19, an increase from Rs 1604 crores in Q4 FY18.
  • Net profit after tax to Rs 119 crores in Q4 FY19, a increase from Rs 109 crores in Q4 FY18.
  • Earnings per share to Rs 6.9 in Q4 FY19, an increase from Rs 6.4 in Q4 FY18.

9:14:23 AM

Top News Of The day

Tata chemicals To Merge With TGBL

  • Tata Chemicals will transfer its consumer foods division including salt, pulses and spices to Tata Global Beverages, the world’s second-largest tea company, as part of group chairman N Chandrasekaran’s strategy to consolidate and drive synergies from similar businesses. 

Power Generation To Double In FY2020

  • Power generation from thermal, hydel and nuclear plants is expected to grow 6.5% this fiscal, nearly double of last year’s rise of 3.5% and it is expected to double in FY 2020 from current levels.

9:07:55 AM

Good Morning

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By | 2019-05-16T18:11:16+05:30 May 16th, 2019|Categories: Intraday Stock Update, Morning Update|0 Comments

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Live Indian Market Intraday Updates on 16 May 2019

Nifty reclaims 11,250 mark; IT, Metal stocks gain How well the EQSIS recommendations performed today 16 May? 1. EQSIS Intra: Long INFY above 727.5 Target 733.1 Stop below 723 CMP 726 Status: Target 2. EQSIS Intra: Short ITC below 294 Target 291.5 Stop above 296 CMP 294.5 Status: Stoploss 3. EQSIS Intra: Long TITAN above