Nifty remain in red as weakness persists ahead of RBI’s board meet, sustained FII outflows
Top Stocks To Watch On Tuesday 19 February 2019
TCS declined by 2.93% and closed at Rs.1970.3. Trading volume spiked by 55 percent on 18 February 2019. Impressively 57% of the trades gone for delivery. Derivative traders were aggressive in adding short positions. Open interest surged by 3.33 %. It is regularly sliding for3 days. It is trading inside the trading range. The Support is seen around 1886 and resistance is seen around 2091.
BRITANNIA climbed by 1.87% and to close at Rs.2911.7. It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume rose by 70 percent at last session. The technical indicator RSI indicates oversold scenario.It is frequently breaking low for 7 days. It is trading below its recent support zone. The Near term resistance is seen around 3277.
DISHTV surged by 6.84% and settled at Rs.35.15. Also it reported significant percent on the weekly basis. Trading volume rose by 57 percent on Monday. Yet majority of them are intraday in nature. It suggest for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 20.
ITC volume increased by 251 percent on Monday. Interestingly 74% of the trades are deliverable volume. Derivative traders were aggressive in adding short positions. Open interest gained by 6.66 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 272.
ENGINERSIN volume inflated by 167 percent at last session. Interestingly 60% of the trades are deliverable volume. It Indicates negative breakout. It is continuously scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 119.
AMBUJACEM slipped by 3.32% and ended at Rs.198. Trading volume hiked by 182 percent at last trading day. It is likely to witness bearish trend. It is steadily breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 217.
KPIT plunged by 6.93% and settled at Rs.101.35. Trading volume increased by 1618 percent on Monday. However largely the volumes are intraday trades. It suggest for bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 202.
TATAMOTORS is the most active stock. Derivative traders were aggressive in exiting short positions. Open interest reduced by 3.15 %. It is trading inside the trading range. The Support is seen around 146 and resistance is seen around 186.
DHFL surged by 4.59% and ended at Rs.128.85. Also it secured a remarkable percent over a recent days. It is the most active stock. Currently it is trading around the lower range of its price band. The crucial support zone is around 101.
TATAELXSI volume spiked by 108 percent on 18 February 2019. Yet most of the trades are settled intraday. It signals negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 970.
YESBANK volume increased by 34 percent on 18 February 2019. But largely the volumes are settled intraday. The intensity of the bears is indicated by the opening gap.It is oscillating nearer to its resistance zone of 227.
TATAPOWER plunged by 5.56% and settled at Rs.65.35. Trading volume spiked by 34 percent at last session. It Indicates It is trading below its recent support zone. The Near term resistance is seen around 77.
Closing Bell: Nifty remain in red as weakness persists ahead of RBI’s board meet, sustained FII outflows
Indian benchmark index NSE Nifty50 was closed lower by 83 points at 10,640 on Monday. Domestic equity key index nifty continued on a negative note and were unable to break the losing streak, which was settled below 10,650 mark as investors turned cautious ahead of RBI’s board meet amid sustained foreign fund outflows.
On the National Stock Exchange (NSE), Most of the sectoral indices closed in the red. Heavy selling pressure was witnessed in the Nifty FMCG and Nifty PSU Bank index, which fell over (1 per cent), followed by the Pharma, Metal, IT and Auto index. However, some advances were visible in Realty and Media index.
NIFTY50 TOP GAINERS & LOSERS
Market Update: Nifty still under selling pressure despite strong Asian cues
The benchmark index NSE Nifty 50 Index declined 62 points to 10,662. Indian equity index Nifty extended fall in the afternoon session despite strong Asian cues. On NSE, except for Nifty Realty & Media, all other sub-indices were trading in red with Nifty FMCG leading the pack, down 1 percent.
Morning Update: Nifty slips below 10,700 market dragged by auto and IT stocks
The benchmark index NSE Nifty50 were trading at 10,673 with a loss of 51 points on Monday. Domestic equity key index Nifty slipped into the red after a largely flat start, as investors turned cautious ahead of RBI’s board meet. Sectoral wise, Auto and IT sector dragged the index lower however some advances in Realty and PSU Bank sector kept the downside in check.
Asian markets ticked higher on Monday as investors looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.
The domestic currency were trading lower by 18 paise at 71.40 per dollar versus Friday’s close 71.22
FII & DII Deets
In Friday’s trading session, FIIs sold 966 crores stock in cash whereas DIIs bought 853 crores worth of stock. In the derivative market, FIIs sold 1054 crore of Index futures and sold 618 crores worth of Index options. In the Stock futures segment, FIIs bought 131 crores worth of stock futures and bought 427 crores stock options.
RBI Board Meet
Finance Minister Arun Jaitely will address the customary post-budget meeting of the central board of the Reserve Bank on Monday.
Top News Of The Day
Larsen & Toubro Stops Disclosing Order Size
- Larsen & Toubro has changed its practice of disclosing order details to keep competitors from gauging its pricing strategy — a development that is a statement to the intensity of competition in the sector.
IOC Ltd Gets Green Nod
- The Expert Appraisal Committee under the Environmental Ministry has given “green signal” to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana.
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