Nifty fell over 100 points; Auto and Metal stocks drag


7:03:00 PM

How well the EQSIS recommendations performed today 2 January?

1. EQSIS Intra: Short TATASTEEL below 501.5 Target 494.9 Stop above 506.8 CMP 502.5

Status: Target

2. EQSIS Intra: Long INFY above 672.5 Target 680.6 Stop below 666 CMP 672

Status: Stoploss


6:58:48 PM

Top Stocks To Watch On Thursday 3 January 2018

TATASTEEL plunged by 4.29% and ended at Rs.493.65. Trading volume hiked by 112 percent on 2 January 2019. It gives an impression of negative breakout. Derivative traders were aggressive in adding short positions. Open interest increased by 9.35 %. The firmness of the bears is acknowledged by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 534.

VEDL plunged by 4.43% and closed at Rs.193.15. Trading volume inflated by 70 percent on 2 January 2019. Derivative traders were aggressive in adding short positions. Open interest gained by 6.02 %. The firmness of the sellers is indicated by the unfilled gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 191.

NCC rose by 0.79% and closed at Rs.89.6. Meantime it reported a remarkable returns on the weekly basis. Trading volume rose by 95 percent on Wednesday. Yet largely the volumes are intraday in nature. There could be bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 76.

DLF dipped by 3.99% and finished at Rs. 173.1. Derivative traders were aggressive in adding short positions. Open interest surged by 5.11 %. The technical indicator RSI indicates overbought scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 165.

EICHERMOT plunged by 8.76% and to close at Rs.21162.3. Trading volume increased by 804 percent. It is heading for negative breakout. The firmness of the bears is recognized by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 24133.

M&M plunged by 4.09% and settled at Rs.741.7. Meantime it maintained significant fall over a recent days. Trading volume increased by 232 percent. It is trading inside the trading range. The Support is seen around 705 and resistance is seen around 808.

SUNPHARMA rose by 1.5% and closed at Rs.440.05. It is listed in top traded counters. Derivative traders were aggressive in exiting short positions. Open interest reduced by 2.18 %. It is oscillating nearer to its resistance zone of 444.

JSWSTEEL plunged by 5.02% and settled at Rs.288.7. It is likely to witness The strength of the bears is visible through the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 314.

IGL rose by 1.36% and closed at Rs.275.35. Trading volume increased by 80 percent. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 245.

BANKBARODA witnessed Bearish Engulfing pattern on daily chart. BANKBARODA volume rose by 89 percent at last trading day. But most of the trades are settled intraday. It is oscillating nearer to its resistance zone of 121.

TVSMOTOR plunged by 5.19% and closed at Rs.535.25. Trading volume inflated by 131 percent. It is likely to witness bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 583.

NMDC rose by 1.1% and ended at Rs.96.8. Trading volume inflated by 296 percent at last trading day. The intensity of the bears is visible through the todays gap.It is oscillating nearer to its resistance zone of 98.

 


6:06:39 PM

Closing Bell: Nifty fell over 100 points; Auto and Metal stocks drag

Indian benchmark index NSE Nifty50 closed lower by 117 points at 10,792 on Wednesday. Nifty fell over 100 points and caped four days winning streak on the second trading day of the year tracking global peers and weakening rupees. In the afternoon session, Nifty sharply fell and ended below 10,800 mark.

Global equity markets declined on the start of the year 2019 after investors worried on slowing global growth  amid easing trade war tensions.

All the 11 sector gauges compiled by NSE ended lower led by Nifty Metal and Nifty Auto Indices’  which fell 3 percent.

NIFTY50 Top Gainers & Losers


14:35:59

Bears Show Majority In NIFTY 


1:32:39 PM

Bears Riding On Heavy Volume


11:48:43 AM

Auto Stocks Leading In the Reverce Racing


11:45:20 AM

Market Update: Nifty off from day’s low; IT stocks outperform


09:52:13

Top News Of The Day

PSBs lack adequate risk mitigation measures 

  • Public sector banks are lacking adequate risk mitigation measures to counter increasing fraudulent activities as these banks continue to remain the major victims of frauds in the banking system over the past four years, said the RBI in its Financial Stability Report. 

Avan Motors Launch Electric Vehicles

  • Avan Motors plans to introduce one new product every six months starting from this year, eyeing total sales of around one lakh units within three years.

09:46:09

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