Top Stocks to watch for Tomorrow

  1. BEML surged by 7.59% and closed at Rs.913.35. At the same time it recorded significant gains in last five session. Trading volume increased by 348 percent at last trading day. Yet numerous trades were intraday trades. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 695.
  2. LT is listed in top traded counters. Furthermore 61% of the trades are taken for delivery. It suggest for bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest gained by 2.99 %. This stock is currently settled above the recent resistance zone. We see short term support around 1362.
  3. IDFC surged by 5.01% and closed at Rs.44. Trading volume spiked by 180 percent on Thursday. But most of the trades are intraday in nature. There is an evidence of positive breakout. It is frequently climbing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 37.
  4. DHFL surged by 4.73% and settled at Rs.238.15. Trading volume increased by 198 percent on 20 December 2018. Yet most of the trades are intraday trades. There is an evidence of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 197.
  5. CESC Increase by 2.76% and to close at Rs.717.2. Trading volume hiked by 175 percent at last session. Yet largely the volumes are intraday in nature. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 676.
  6. IFCI witnessed Star pattern on daily chart. IFCI volume increased by 352 percent at last trading day. Yet numerous trades were settled intraday. It suggest for resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 12.
  7. BANKINDIA volume increased by 111 percent. Yet most of the trades are settled intraday. There is an evidence of bullish breakout. It is steadily rising for 7 days. This stock is currently settled above the recent resistance zone. We see short term support around 78.
  8. SYNDIBANK volume spiked by 115 percent on 20 December 2018. But majority of them are intraday trades. It is likely to witness resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 31.
  9. IDFCBANK volume rose by 103 percent at last session. It suggest for bullish trend formation. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 35.
  10. YESBANK surged by 4.01% and closed at Rs.186.75. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It is the most active stock. It is oscillating nearer to its resistance zone of 197.
  11. IBULHSGFIN volume spiked by 112 percent. Yet numerous trades were intraday trades. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 680.
  12. AJANTPHARM gained by 3.82% and settled at Rs.1157.9. The firmness of the sellers is evident from the todays gap.It is oscillating nearer to its resistance zone of 1171.

14:12:21

NIFTY turned choppy, stayed below 10950 till now

The broader NSE index was trading lower by 46 points at 10,921. The trading range remains at 10880 and 10950

Most of the sectors are trading in red, with maximum cuts visible in metal and FMCG. Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red. Top losers include Vedanta, Hindalco, Bharti Airtel, Grasim, and Axisbank, falling up to 2 per cent While, gainers include Asian Paints, IBULHSGFIN, Hindpetro and BPCL.

The falling crude price is continued to seen as positive for both oil marketing companies and broader market 

Global Market

European markets are broadly lower today meanwhile Asian markets ended on a negative note after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low.

Rupee rebounded from early losses

The rupee was quoted at 70.25, up 14 paise over yesterday’s close of 70.39


10:09:21

Nifty trading below 10,950 After Federal Reserve interest rate hike

The benchmark index NSE Nifty50 were trading at 10,934 with a loss of 33 points. Barring pharma and realty stocks, all sectoral indices on the Nifty traded in the red. Nifty fell sharply in early trade on Thursday, tracking weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year.

The market breadth is negative as 927 shares advanced, against a decline of 580 shares, while 108 shares were unchanged. From the basket of shares Sun Pharma, M&M, and Tech Mahindra are the top gainers, while Vedanta, NTPC, and Hindalco heading south.

Global Market

Asian markets were broadly lower While US markets mixed as of the most recent closing prices after the Federal Reserve raised borrowing costs for the fourth time this year.

INR depreciate against USD

The Indian rupee was trading at 70.54 a dollar, down 0.19% from its previous close of 70.40 tracking losses in Asian currencies after the US Federal Reserve raised interest rates.

 


09:16:21

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