Nifty Snap Three-Day Losing Spell on hopes of FPI tax rollback


How well the EQSIS recommendations performed today 23 August?

1. EQSIS Intra: Long BERGEPAINT above 363.75 Target 368.1 Stop below 360.3 CMP 363

Status: Stoploss

2. EQSIS Intra: Long TECHM above 691.5 Target 699.6 Stop below 685 CMP 690.3

Status: Stoploss


5:51:13 PM

Top Stocks To Watch On Monday 26 August 2019

DLF surged by 5.3% and closed at Rs.152.1. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 208 percent at last trading day. Yet numerous trades were intraday in nature. The technical indicator RSI indicates oversold scenario.It is regularly sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 182.

DISHTV surged by 7.62% and closed at Rs.23.3. . 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. Currently it is trading around the lower range of its price band. The crucial support zone is around 21.

LICHSGFIN volume spiked by 58 percent at last session. Derivative traders were aggressive in exiting short positions. Open interest reduced by 7.93 %. It is frequently grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 527.

ITC weakened by 1.65% and to close at Rs.236.1. It is one among the top traded stocks. Surprisingly 62% of the trades are taken for delivery. There could be It is continuously scaling down for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 272.

TATAELXSI surged by 7% and to close at Rs.649.25. Trading volume increased by 133 percent. But most of the trades are intraday in nature. Derivative traders were aggressive in exiting short positions. Open interest reduced by 9.4 %. It is oscillating nearer to its resistance zone of 661.

MARICO declined by 2.95% and to close at Rs.380.05. Trading volume spiked by 96 percent. Moreover 71% of the trades gone for delivery. It is frequently sliding for3 days. It is trading inside the trading range. The Support is seen around 355 and resistance is seen around 398.

INDUSINDBK weakened by 1.88% and to close at Rs.1310.5. Trading volume spiked by 92 percent. There could be negative breakout. It is continuously grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 1453.

LT volume spiked by 89 percent at last trading day. Noticeably 57% of the trades are deliverable volume. It is likely to witness bearish trend. It is steadily sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 1404.

L&TFH slipped by 3.49% and to close at Rs.89.9. Trading volume inflated by 132 percent at last session. It suggest for bearish trend. It is continuously breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 107.

YESBANK surged by 5.24% and settled at Rs.59.25. It is the most active stock. Yet majority of them are settled intraday. The technical indicator RSI indicates oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 96.

TECHM witnessed Star pattern on daily chart. TECHM volume hiked by 137 percent. Noticeably 70% of the trades gone for delivery. It Indicates resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 620.

NBCC surged by 9.23% and finished at Rs. 31.95. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Currently it is trading around the lower range of its price band. The crucial support zone is around 31.


4:53:54 PM

Closing Bell: Nifty Snap Three-Day Losing Spell on hopes of FPI tax rollback

The broader Nifty50 index added 88 points to end the day at 10,829 levels. Market benchmark NSE Nifty snapped their 3-day losing streak in a volatile trading session on Friday on expectations of FPI tax roll back and some measures by the government to boost growth. Despite the rally, the market ended in the negative territory for the second consecutive week, with the Nifty correcting by more than 2 percent. 

Sectoral indices were mixed for the day. The Nifty Media index rose the most, up 4 percent, followed by the Nifty Metal, up 3.4 percent. On the other hand, NSE FMCG and PVT Bank indexes fell 0.49 and 0.43 percent each respectively.

Asian markets finished higher today as investors awaited a speech by Federal Reserve chair Jerome Powell for rate cut guidance.

Best And Worst Nifty 50 Performers Today


10:46:20 AM

Market Update: Nifty pare losses; IT, Metal, PSU Bank stocks lead

 The NSE’s Nifty 50 trimmed morning losses and traded marginally higher in the late morning session on Friday, led by gains in IT, metal and PSU Bank stocks. Market sentiment turns positive after reports emerged that the government was likely to sign off on FPI (foreign portfolio investor) surcharge rollback soon. 


10:39:30 AM

Market Update: IT shares gain on weak rupee

Shares of information technology (IT) companies were trading higher as rupee extended weakness against the dollar. The frontline IT stocks such as OFSS, Tata Elxsi limited, Infosys, Tata Consultancy Services, Mindtree, HCL Technologies and Tech Mahindra were up in the range of 1% to 3.4% on the National Stock Exchange (NSE).


9:46:57 AM

Morning Update: Market breadth in favour of bears; 31 Nifty50 stocks in red

The NSE Nifty 50 fell 0.682 percent to 11,653 as of 9:43 am. Indian equity index nifty extended losses for the fourth day in a row amid a selloff across most sectors and lacklustre trade in Asian peers. 

Nine of the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Finance Index’s 1.63 percent fall. Nifty IT Index was the top sectoral gainer, up 1.16 percent. The market breadth was tilted in favour of sellers. About 1236 stocks declined and 278 shares advanced on National Stock Exchange.

Asian markets were mixed Friday session as investors looked ahead to an important speech from U.S. Federal Reserve chairman Jerome Powell later in the day.

Rupee weakens to 72 against US dollar for first time in 2019

The rupee on Friday slipped to 72-mark against the US dollar for the first time in 2019 following selloff in domestic equities amid weakness in Chinese Yuan which fell to a fresh 11-year low level.


9:31:54 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 902.99 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 1719.07 crore as on August 22nd, 2019.


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