Nifty snaps longest losing streak & settled above 10,700 mark
How well the EQSIS recommendations performed today 20 February?
1. EQSIS Intra: Long HINDALCO above 191.6 Target 193.6 Stop below 190 CMP 191
Status: Stop loss
2. EQSIS Intra: Long LT above 1273 Target 1284.3 Stop below 1264 CMP 1271
Status: Positive – Closed above entry level
3. EQSIS Intra: Short BIOCON below 611 Target 606 Stop above 615 CMP 612
Status: Not Initiated
Top Stocks To Watch On Thursday 21 February 2019
KSCL fell by 0.71% and to close at Rs.417.35. Additionally it recorded significant weakness over a recent days. It witnessed Star pattern on daily chart. Trading volume increased by 995 percent on Wednesday. But most of the trades are intraday in nature. There is an evidence of bearish breakout. It is regularly sliding for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 608.
PETRONET fell by 1.28% and to close at Rs.211.85. Trading volume spiked by 169 percent on Wednesday. Surprisingly 75% of the trades are taken for delivery. Derivative traders were aggressive in adding short positions. Open interest surged by 9.3 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 211.
JINDALSTEL surged by 6.05% and closed at Rs.149.8. Trading volume hiked by 104 percent on 20 February 2019. Yet largely the volumes are intraday trades. It gives an impression of positive breakout. It is regularly heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 125.
KPIT surged by 8.62% and finished at Rs. 108.4. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume spiked by 73 percent at last session. But majority of them are intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 101.
EXIDEIND witnessed Star pattern on daily chart. EXIDEIND volume spiked by 322 percent. But largely the volumes are settled intraday. Derivative traders were aggressive in adding long positions. Open interest surged by 16.93 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 204.
PAGEIND plunged by 4.91% and finished at Rs. 20566.1. Meanwhile it registered a remarkable weakness in last five session. Trading volume inflated by 139 percent on 20 February 2019. It is heading for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 24605.
AMARAJABAT weakened by 1.9% and closed at Rs.724.3. Trading volume rose by 201 percent at last session. It suggest for negative breakout. The momentum of the sellers is indicated by the opening gap.It is trading below its recent support zone. The Near term resistance is seen around 790.
Closing Bell: Nifty snaps longest losing streak & settled above 10,700 mark
Domestic benchmark index Nifty closed 131 points higher at 10,735 on Wednesday. The NSE Nifty snapped its longest slump and settled above 10,700 mark as the sharp rally in late trade led by gains in Metal, Information Technology and Finance sectors helped the index get back on track. Meanwhile, global market also boosted the investors sentiment for Indian equities.
NSE Sector Performance
Nifty trade flat after a strong gap up; Metal stocks lead
The benchmark index Nifty were trading 60 points higher at 10,665 on Wednesday. Domestic equity index Nifty were trading in a flat range after a strong gap up in the morning session. Among the sectoral indices, Nifty Metal and Nifty PSU Bank were the top performers, up 2.11% and 1.12%, respectively.
Crack The Quiz
Q1 : One among the four stocks has a gap up opening and trading near today’s high
* Pick the right one and make use of it and also post your answer in comment section
Morning Update: Nifty makes strong comeback; Reclaims 10,650 mark
The benchmark index Nifty were trading 81 points higher at 10,684 on Wednesday. The NSE benchmark index Nifty staged a strong comeback by climbing over 80 points to trade around 10,700 -mark in the morning session on Wednesday following fresh spell of buying by domestic investors, as positive leads from most other Asian markets also fuelled the uptrend. Sectoral wise, the gains were broad-based with most sectoral indices in the green.
Nifty Metal – The index of metal stocks was the top sectoral gainer at 2.06 per cent while banking and finance sectors also bucked the positive trend.
Top News Of The Day
JSW Cement To Invest Rs 2000 crore
- JSW Cement is eyeing an investment of Rs 2,000 crore to reach its target of 20 MT by 2020. The company is currently at 12.6 MT , after recently expanding its facility in Dolvi in Maharashtra to 2.2 MT, and it plans to take it to 20 MT, by FY 2020.
Amdavad Municipal To Raise Fund
- Amdavad Municipal Corporation (AMC) will be the first municipal body in India to raise as much as $200 million via dollar bond sales.
Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the market.