Nifty ends firmly above 11800 mark; pharma, auto outperform


How well the EQSIS recommendations performed today 20 June?

1. EQSIS Intra: Long RELIANCE above 1290 Target 1305 Stop below 1278 CMP 1286

Status: Positive

2. EQSIS Intra: Long HDFCBANK above 2437 Target 2465 Stop below 2414.5 CMP 2435

Status: Not Initiated


7:11:03 PM

Top Stocks To Watch On Friday 21 June 2019

RELCAPITAL surged by 27.58% and settled at Rs.69.15. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 92 percent on Thursday. However most of the trades are intraday trades. Derivative traders were aggressive in adding long positions. Open interest increased by 19.32 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 67.

YESBANK surged by 11% and ended at Rs.114.55. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. It witnessed Bullish Engulfing pattern on daily chart. It is the most active stock. However numerous trades were intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 110.

PEL surged by 7.95% and closed at Rs.1880.4. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 141 percent on Thursday. Yet numerous trades were settled intraday. It is continuously breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 2251.

ARVIND surged by 6.06% and finished at Rs. 63. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 211 percent on 20 June 2019. But most of the trades are intraday trades. It is trading below its recent support zone. The Near term resistance is seen around 80.

DHFL surged by 9.92% and to close at Rs.69.25. Derivative traders were aggressive in exiting short positions. Open interest reduced by 4.25 %. The technical indicator RSI indicates oversold scenario.It is regularly sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 124.

RELINFRA surged by 34.94% and to close at Rs.57.55. It witnessed Bullish Engulfing pattern on daily chart. Derivative traders were aggressive in exiting short positions. Open interest reduced by 12.41 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 49.

TCS is listed in top traded counters. Derivative traders were aggressive in adding long positions. Open interest gained by 1.74 %. The intensity of the sellers is recognized by the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 2048.

TECHM fell by 1.37% and closed at Rs.725.55. Trading volume spiked by 90 percent on Thursday. Moreover 67% of the trades are deliverable volume. The technical indicator RSI signals overbought scenario.It is trading below its recent support zone. The Near term resistance is seen around 768.

ADANIPORTS weakened by 1.59% and finished at Rs. 401.2. It witnessed Star pattern on daily chart. Trading volume inflated by 150 percent. It is frequently sliding for4 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 394.

UPL plunged by 8.42% and finished at Rs. 870.25. Trading volume increased by 612 percent on Thursday. Yet majority of them are intraday in nature. It is likely to witness bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 1040.

ASHOKLEY surged by 5.91% and ended at Rs.87.8. Trading volume spiked by 141 percent at last trading day. The aggressive nature of sellers is indicated by the todays gap.It is trading inside the trading range. The Support is seen around 84 and resistance is seen around 94.

ICICIBANK volume inflated by 90 percent on 20 June 2019. Noticeably 63% of the trades are taken for delivery. Derivative traders were aggressive in adding long positions. Open interest surged by 7.59 %. It is oscillating nearer to its resistance zone of 435.


4:57:40 PM

Closing Bell: Nifty ends firmly above 11800 mark; pharma, auto outperform

The broader Nifty index jumped 1.2% to 11,831 level on Thursday. Indian benchmark index nifty ended sharply higher today, lifted by strong buying in pharma, auto and banking shares amid strong cues from the global markets.

Among stocks, Yes Bank, India bull Housing Finance, Sun Pharma, IndusInd Bank and LT had their day, while UPL, Wipro, Adani Ports, Britannia and Tech Mahindra among the stocks not so lucky.

Shares of Jet Airways (India) Ltd closed 90 percent higher ahead of NCLT order on insolvency plea

Meanwhile, Asian markets finished broadly higher today on the US Federal Reserve’s decision to keep its key rates unchanged but opened the door for a possible rate cut in the future, also the hopes for positive US-China trade talks in the upcoming G20 meeting.

Sector Watch


1:39:41 PM

Market Update: Nifty Extend Gains Led By Buying In Financial, Pharma Shares

The NSE Nifty 50 Indexes extended gains in afternoon deals led by buying interest in pharma, metal and banking stocks. At 1:35 pm, the NSE Nifty 50 Index climbed 0.46 per cent or 53 points to 11,746 level.

Nifty Pharma is the outperforming sector, up over 2 percent led by Piramal Enterprises which jumped 7 percent followed by Aurobindo Pharma, Divis Labs, Sun Pharma, Glenmark Pharma, Lupin and Cipla.


10:06:35 AM

Morning Update: Nifty Pare Opening Losses as banking stocks rise

The benchmark index Nifty were trading 24 points higher at 11,715 on Thursday. Key equity index Nifty pared some losses and turn higher in the morning session. Gains in banking, realty and pharma stocks supported the markets, however weakness in IT, media and consumer goods counters kept the upside in check. 

Meanwhile, Asian markets were trading marginally higher on Fed decision and hopes for positive US-China trade talks in the upcoming G20 meeting.


9:33:26 AM

FII & DII data

The foreign institutional investors (FIIs) bought shares worth Rs 66.12 crore on a net basis, while domestic institutional investors (DIIs) sold shares worth Rs 104.91 crore as on Jun 19th 2019.


9:23:49 AM

Top News Of The Day

Fed Unlikely To Raise Interest Rate This Year

  • The Federal Reserve indicated a readiness to lower interest rates for the first time in more than a decade, citing “uncertainties” in the outlook that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion. 

PNB In Recovery Mode

  • Punjab National Bank recovered Rs 20,000 crore of bad loans during the financial year ended March 2019, almost double the recovery amount in the preceding year.

9:21:22 AM

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