NIFTY extended decline for second day in a row on rupee owes


Updated 6:00 pm

How well the EQSIS recommendations performed today 18 September?

Market Sentiment: We concluded the market sentiment as volatile as NIFTY swung between gains and losses in the first hour of trade.

1. EQSIS Intra: Short NIFTYFUT below 11379 Target 11348 Stop above 11410 CMP 11387

This call was picked as market seen grinding lower along with index heavyweights.

Result: Stoploss

This call struck in the volatility and triggered the stop loss.

2. EQSIS Intra: Short HAVELLS below 655.25 Target 650.1 Stop above 659.5 CMP 656

This call was given in the morning as this stock was seen underperforming well with along with surge in volume.

Result: Stoploss

This call struck in the volatility and triggered the stop loss.

3. EQSIS Intra: Long HINDUNILVR above 1661 Target 1671 Stop below 1653 CMP 1659

This call was given as this stock was seen outperforming despite volatile market sentiment.

Result: Positive

This call was initiated and grinding higher but unfortunately lacked momentum to hit the target and ended above the entry level.


Updated 5:55 pm

Top Stocks To Watch On Wednesday 18 September

UNIONBANK plunged by 9.05% and closed at Rs.74.85. Trading volume spiked by 102 percent. It suggest for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 19.41 %. It is trading below its recent support zone. The Near term resistance is seen around 92.

OFSS plunged by 5.11% and to close at Rs.4260.15. Trading volume inflated by 406 percent at last session. Furthermore 82% of the trades gone for delivery. It is oscillating nearer to its resistance zone of 4353.

COALINDIA witnessed Star pattern on daily chart. COALINDIA volume increased by 120 percent. Moreover 58% of the trades are taken for delivery. It is heading for bearish breakout. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 296.

CANBK plunged by 7.74% and to close at Rs.246.8. Trading volume increased by 74 percent at last trading day. But most of the trades are intraday in nature. It suggest for negative breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 20.99 %. It is trading below its recent support zone. The Near term resistance is seen around 290.

BANKBARODA plunged by 16.38% and ended at Rs.113.1. Meanwhile it registered a remarkable weakness on the weekly basis. Trading volume hiked by 589 percent on Tuesday. It is likely to witness bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 29.55 %. The momentum of the bears is recognized by the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 154.

ALBK volume hiked by 95 percent. But numerous trades were intraday trades. Derivative traders were aggressive in adding short positions. Open interest surged by 27.93 %. The intensity of the bears is visible through the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 39.


Updated 4:05 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.87 percent to settle at 11278.90 on Tuesday. Indian Equity benchmark NIFTY fell nearly 100 points and closed lower for the second day in the volatile trading session as rupee woes continue amid weak global cues.

Ten out of 11 sectoral gauges compiled by NSE ended lower led by NIFTY REALTY, NIFTY PSU BANK, NIFTY METAL and NIFTY AUTO indexes as top losers. on the other-side, NIFTY FMCG indexe is the only gainer.

From the NIFTY50 basket of shares SBIN, IBULHSGFIN, TATAMOTORS, HINDPETRO and BAJAJ-AUTO ended as top losers while HINDUNILVR, YESBANK, ONGC, DRREDDY and ITC are top gainers.


Updated 2:13 pm

Banking Sector Lose Ground

Nine out 12 sectors in the NSE trading lower led by losses in Banking and Financial sectors. On the flip-side, FMCG sector making gains.


Updated 12:05 am

TVS Motor Company Limited

  • TVS Motor Company Limited has informed the Exchange regarding a press release dated September 18, 2018, titled “TVS NTORQ 125 crosses 1 lakh sales mark, launches new Metallic Red colour”.

Updated 11:30 am

Larsen & Toubro Limited

  • Larsen & Toubro Limited has informed the Exchange regarding a press release dated September 18, 2018, titled “L&T Construction Wins Orders Valued Rs. 2048 Crore”.

Updated 10:30 am

Aurobindo Pharma Limited

  • Aurobindo Pharma Limited has informed the Exchange regarding a press release dated September 18, 2018, titled “Approval from South African Health Products Regulatory Authority for latest fixed dose triple combination tablets.”.

Updated 9:32 am

Rupee Opens Higher

  • The Indian rupee opened marginally lower at 72.55 per dollar versus previous close 72.51.

Updated 9:20 am

Top News Of The Day

Big Bank Merger

  • The government has proposed the merger of Bank of Baroda, Vijaya bank and Dena Bank to form the country’s third largest lender.

Goldman Downgrades India

  • Goldman downgrades Indian equities on valuations worries and it has upgraded the defensive sector and export sector.

Government To Issue NRI Bonds

  • Government may consider to issue NRI bonds to stem rupee slide even though India has $400 Billion of reserves to handle current condition , it may fall in trap if rupee slides further.

Updated 9:10 am

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