Nifty Ends Topsy-Turvy Ride On A Negative Note
How well the EQSIS recommendations performed today 19 February?
1. EQSIS Intra: Long BIOCON above 614.5 Target 620 Stop below 609.75 CMP 614
2. EQSIS Intra: Long SBIN above 263.25 Target 264.9 Stop below 261.9 CMP 263
3. EQSIS Intra: Long AXISBANK above 705.5 Target 712.5 Stop below 699.9 CMP 704
Status: Not Initiated
Top Stocks To Watch On Wednesday 20 February 2019
KSCL plunged by 10.01% and settled at Rs.420.35. Additionally it reported an exceptional loss over a recent days. Trading volume rose by 1364 percent on Tuesday. However largely the volumes are settled intraday. It signals bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 608.
BANKBARODA strengthen by 3.33% and to close at Rs.102.45. Trading volume spiked by 70 percent on 19 February 2019. However majority of them are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 100.
AMBUJACEM witnessed Star pattern on daily chart. AMBUJACEM volume rose by 513 percent at last session. Yet largely the volumes are settled intraday. Currently it is trading around the lower range of its price band. The crucial support zone is around 198.
BANKINDIA strengthen by 3.12% and closed at Rs.81.1. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Currently it is trading around the lower range of its price band. The crucial support zone is around 79.
DLF surged by 4.74% and closed at Rs.163.4. Trading volume hiked by 141 percent at last session. But largely the volumes are intraday trades. It is trading inside the trading range. The Support is seen around 151 and resistance is seen around 181.
KPIT volume increased by 82 percent on Tuesday. But largely the volumes are intraday in nature. There is an evidence of negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 182.
Closing Bell: Nifty Ends Topsy-Turvy Ride On A Negative Note
Indian benchmark index NSE Nifty50 was closed lower by 36 points at 10,604 on Tuesday. Today, Domestic key index Nifty ended lower after a topsy-turvy trade and persist the longest losing streak, despite positive Asian cues. Most of the losses were cracked in the final hour of trading session, dragged by declines in IT stocks including index-heavyweight stocks like Wipro, TCS, Infosys, Tech Mahindra, Reliance, Coal India, Sun Pharma, and HDFC.
NSE Sector Performance
Market Update: Nifty above 10,700 mark: Nifty PSU Bank surges 2.5%
Benchmark NSE Nifty50 index was up 74 points at 10,715 on Tuesday’s afternoon session. The market breadth indicating the overall health of the market was strong while barring NSE Information Technology, all other sectoral indices surged with the Nifty PSU Bank leading the pack which gained 2.5%.
The Nifty IT index was trading under pressure, which fell over 1% on Monday, as heavy selling pressure was witnessed in stocks like Tata Consultancy Services, Infosys, Wipro, HCL Tech, and Tech Mahindra.
Morning Update: Nifty near 10,700 mark on firm Asian cues
The benchmark index Nifty were trading 44 points higher at 10,685 on Tuesday. Domestic equity key index Nifty inched higher after declining for eight consecutive trading session, tracking strong Asian cues. On NSE, except for Nifty IT, all other sub-indices were trading in green with Nifty Realty leading the pack, up 2.30 percent followed by Nifty PSU Bank which gained 1.12% on Tuesday amid heavy buying in stocks of IDBI Bank, Bank of Baroda, Indian Bank and Bank of India. However, weakness in IT counters kept the upside in check.
Rupee market closed
Rupee market closed for chhatrapati shivaji jayanthi today.
Settlement Holiday Today
Stocks bought yesterday will not visible in your holding and won’t be available for selling today owing to a settlement holiday.
FII & DII Deets
Foreign Institutional Investors (FIIs) sold shares worth Rs 2669.83 crore and Domestic Institutional Investors bought Rs 2336.74 crore worth of shares in the Indian equity market on February 18
Top News Of The Day
RBI Pays Interim Dividends To Government
- The Reserve Bank of India (RBI) will pay Rs 28,000 crore as interim dividend to the government, which will help the Centre meet its revised budget estimates that include an allocation for the first-ever income transfer to farmers and meet its fiscal credentials ahead of the general elections.
Transferring Pepsi To Varun Beverages
- Beverage maker PepsiCo will divest its bottling franchisee rights in the West and South of the country to Ravi Jaipuria-owned Varun Beverages in a deal estimated at Rs 1,850 crore and involving the transfer of 1,900 employees.
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