Nifty end flat amid last hour volatility


How well the EQSIS recommendations performed today 19 August?

1. EQSIS Intra: Long ASIANPAINT above 1610 Target 1632.5 Stop below 1592 CMP 1601

Status: Not Initiated

2. EQSIS Intra: Long HINDZINC above 210.5 Target 213.3 Stop below 208.25 CMP 210

Status: Negative


6:09:07 PM

Top Stocks To Watch On Tuesday 20 August 2019

UJJIVAN volume spiked by 152 percent at last trading day. But largely the volumes are settled intraday. The strength of the sellers is recognized by the unfilled gap.The technical indicator RSI signals overbought scenario.It is regularly breaking low for 3 days. It is trading inside the trading range. The Support is seen around 260 and resistance is seen around 294.

YESBANK dipped by 3.52% and settled at Rs.76.65. Additionally it recorded a remarkable weakness on the weekly basis. It is listed in top traded counters. Derivative traders were aggressive in adding short positions. Open interest increased by 4.26 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 75.

GLENMARK climbed by 1.94% and closed at Rs.368.15. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 14 percent. The technical indicator RSI signals oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 441.

INFRATEL advanced by 2.45% and finished at Rs. 255.3. Trading volume rose by 36 percent at last trading day. Yet most of the trades are intraday in nature. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 241 and resistance is seen around 272.

BIOCON plunged by 5.15% and ended at Rs.216.25. Trading volume increased by 69 percent on Monday. It Indicates bearish trend. Derivative traders were aggressive in adding short positions. Open interest increased by 17.53 %. It is trading below its recent support zone. The Near term resistance is seen around 256.

ITC volume spiked by 17 percent at last session. Surprisingly 61% of the trades are deliverable volume. Derivative traders were aggressive in adding short positions. Open interest gained by 1.68 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 248.

APOLLOHOSP volume increased by 87 percent at last trading day. However numerous trades were intraday in nature. It Indicates positive breakout. It is regularly climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1293.

CESC witnessed Star pattern on daily chart. CESC volume increased by 208 percent at last session. It is heading for positive breakout. It is continuously advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 721.

JUBLFOOD gained by 3.81% and closed at Rs.1155.5. Trading volume rose by 27 percent on 19 August 2019. But most of the trades are settled intraday. It is trading inside the trading range. The Support is seen around 1111 and resistance is seen around 1248.

GMRINFRA surged by 4.26% and closed at Rs.15.9. Trading volume increased by 84 percent on 19 August 2019. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 14.

NBCC dropped by 2.21% and settled at Rs.33.15. Also it registered a considerable weakness over a recent days. It is frequently grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 53.

MGL dropped by 2.45% and finished at Rs. 787. Derivative traders were aggressive in adding short positions. Open interest surged by 33.14 %. It is trading inside the trading range. The Support is seen around 762 and resistance is seen around 830.


4:56:25 PM

Closing Bell: Nifty end flat amid last hour volatility

The NSE Nifty50 settled at 11,054, up by just 6 points. Indian headline index Nifty pared gains to end flat in Monday’s session as markets witnessed selling pressure in the last hour of trade in auto and finance counters mainly. Meanwhile, Asian markets closed on a positive note on Monday as hopes of stimulus by global central banks to counter economic slowdown. 

Bharti Infratel, Sun Pharma, Tech Mahindra, Axis Bank and Larsen & Toubro were among the gainers in Nifty 50 basket of shares. On the flipside, Yes Bank, Grasim Industries, UPL, GAIL India and Power Grid were among the laggards.

Auto stocks witnessed selling after the Federation of Automobile Dealers Associations (FADA) today released the monthly vehicle registration data for July 2019. Eicher Motors (down 1.49%),followed by Mahindra & Mahindra, Heromoto Corp, TVS Motor Company, Bajaj Auto and Tata Motors.

Sectoral Performance


9:59:55 AM

Morning Update: Nifty above 11,100 mark; IT, Pharma, Finance stocks surge

Equity benchmark index nifty were trading higher on Monday with the Nifty climbed 62 points at 11,109 level, well above its key level of 11,100. Buying in financial, information technology and pharmaceuticals sectors supported the up move while selling pressure was seen in Metal and PSU Bank sectors.

Reliance Industries, ITC, Titan, TCS, Infosys, HDFC, HDFC Bank and ICICI Bank contributed the most to the advances in Nifty.

Global Cues

The Asian stock markets are seen advancing on Monday on the back of positive leads from the Wall Street Friday on rising hopes of stimulus by global central banks to counter economic slowdown. 


9:47:41 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 1339.27 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1058.28 crore as on August 16th, 2019.


8:57:35 AM

Top News Of The Day

Bank Of India To Raise Money

  • State-run lender Bank of India is looking to raise Rs 1500-2000 crore via Qualified Institutional Payment (QIP) by the end of this fiscal year.

FPIs In Selling Mode

  • Foreign investors pulled out Rs 8,319 crore on a net basis from capital markets in the first half of August, continuing their selling spree in the Indian market amid uncertainty over FPI tax and global trade worries.

8:44:30 AM

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