NIFTY extend record closing streak for third day in a row


Updated 6:10 pm

How well the EQSIS recommendations performed today 23 August?

Market Sentiment: We concluded the market sentiment as volatile as NIFTY opened higher from the previous closing but was grinding lower in th first few minutes of trade amid positive global cues.

1. EQSIS Intra: Short BANKBARODA below 148.5 Target 147.2 Stop above 149.8 CMP 149

This call was the first pick in the morning as this stock was underperforming along with the banking sector.

Result: Not Initiated

This call was not initiated as this stock was consolidating in the same phase till the market closing time.

2. EQSIS Intra: Short RECLTD below 110.5 Target 109.65 Stop above 111.35 CMP 111

This call was given in the morning as this stock was underperforming along with with good liquidity.

Result: Stop Loss

This call was initiated as expected but struck in the trend reversal and triggered the stop loss.

3. EQSIS Intra: Long TCS above 2032 Target 2044 Stop below 2020 CMP 2030

This call given in the mid afternoon trade as this stock was performing well with good surge in volume.

Result: Positive

This call was initiated as expected but lacked momentum to achieve the target and ended above the entry level.

4. EQSIS Intra: Long ASHOKLEY above 131.65 Target 132.9 Stop below 130.4 CMP 131

This call was given in the afternoon as this stock was performing well with good liquidity.

Result: Positive

This call was initiated as this stock and continued to grind higher but unforunatley failed to achieve the target within the square off time.


Updated 6:07 pm

Top Stocks To Watch On Friday 24 August

TORNTPOWER witnessed Star pattern on daily chart. TORNTPOWER volume inflated by 146 percent. Yet most of the trades are settled intraday. It suggest for resistanceIt is steadily heading higher levels for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 224.

OFSS volume inflated by 86 percent on 23 August 2018. Impressively 64% of the trades are taken for delivery. It Indicates bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 3833.

NTPC volume hiked by 108 percent at last trading day. Interestingly 59% of the trades gone for delivery. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 151.

MCDOWELL-N strengthen by 3.49% and settled at Rs.644.15. Trading volume hiked by 70 percent on Thursday. It Indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 574.

MARICO surged by 5.4% and settled at Rs.381.9. Trading volume rose by 272 percent on Thursday. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 349.

It is heading for It is trading below its recent support zone. The Near term resistance is seen around 1329.

IOC declined by 2.73% and settled at Rs.153.4. Trading volume spiked by 92 percent on 23 August 2018. It signals bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 170.

HINDPETRO declined by 2.72% and finished at Rs. 259.6. Additionally it registered an exceptional decline on the weekly basis. It Indicates It is trading below its recent support zone. The Near term resistance is seen around 296.

HDFCBANK is the most active stock. Noticeably 80% of the trades are deliverable volume. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.12 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 2076.

HDFC is one among the top traded stocks. Moreover 76% of the trades are taken for delivery. The strength of the sellers is acknowledged by the unfilled gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 1898.

GRANULES strengthen by 3.44% and settled at Rs.115.85. Trading volume spiked by 171 percent at last session. However majority of them are intraday trades. There could be positive breakout. The aggressive nature of bulls is indicated by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 94.

GODREJCP Increase by 2.59% and to close at Rs.1419.65. Trading volume inflated by 135 percent at last trading day. Moreover 55% of the trades are taken for delivery. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1283.


Updated 4:45 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.10 percent to settle at 11582.75 on Thursday. Indian Equity benchmark NIFTY swung between gains and losses for most part of the day and ended at record closing high for a third day in a row on Bank Nifty expiry day.

Among sector gauges compile by NSE NIFTY PHARMA, NIFTY FMCG and NIFTY IT indexes ended as top gainers while NIFTY METAL, NIFTY PSU BANK and NIFTY MEDIA ended as top losers.

From the NIFTY50 basket of shares TECHM, DRREDDY, NTPC, HCLTECH and LT ended as top gainers while TATAMOTORS, BPCL, IOC, HINDPETRO and HINDALCO are top losers.


Updated 2:19 pm

Lupin  Limited – New launch

  • Lupin Limited has informed the Exchange regarding a press release dated August 23, 2018, titled “Lupin enters dermatology segment in Brazil with launch of Lupin High-End Skin Science”.

Updated 12:52 pm

TVS Motor Company Limited – New Launch

  • TVS Motor Company Limited has informed the Exchange regarding a press release dated August 23, 2018, titled “TVS Motor Company strengthens its commuter motorcycle portfolio with the launch of TVS Radeon”.

Updated 10:28 am

Info Edge (India) Limited – New Acquisition

  • Info Edge (India) Limited has informed the Exchange that the Company has invested through its wholly-owned subsidiary about Rs.2.64 Cr. in Medcords Healthcare Solutions Private Limited.

Tech Mahindra – New Acquisition

  • The Tech Mahindra has reported that Company has approved the proposal to acquire l 00% shareholding on a fully diluted basis in Inter-Informatics spol. s.r.o., an entity based in the Czech Republic through its Wholly Owned Subsidiary i.e. Mahindra Engineering Services (Europe) Limited.

Updated 10:00 am

HCL Technologies Ltd – Opening Of IoT Labs

  • HCL Technologies Limited has informed the Exchange regarding a press release dated August 23, 2018, titled “.HCL Opens IoT COLLAB Innovation Centres to Accelerate IoT Development and Deployment.

Updated 9:30 am

Rupee Opens Lower

  • The Indian rupee opened lower by 21 paise at 70.02 per dollar on Thursday versus previous close 69.81.
  • USD-INR pair is expected to quote in the range of 69.70 and 70.05 and 70.20.


Updated 9:00 am

Top News Of The Day

Finance Ministry Warns PSU Banks CEO’s

  • The Finance Ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rs 50 crore for fraud or they could face criminal conspiracy charges.

New Acquisition For Colgate

  • In order to expand its user base and meet the demand of consumer products, Colgate had bought 14% of Bombay Shaving Company for its future growth.

Oil Prices Rises

  • US oil extends gains after crude inventories fall meanwhile US oil production rose to 11 million barrel a day.

Updated 8:50 am

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