NIFTY  snapped four day losing streak in the volatile trading session amid helpful global cues


Updated 6:50 pm

How well the EQSIS recommendations performed today 24 October?

Market Sentiment: We concluded the market sentiment as bearish as NIFTY grinding lower after opening gap up in the opening hour of trade.

1. EQSIS Intra: Long HINDALCO above 228 Target 229.9 Stop below 226.5 CMP 227.5

This call was given in the morning as this stock was seen performing well with along with surge in volume.

Result: Stop Loss

This call was struck in the volatility and triggered the stop loss.

2. EQSIS Intra: Short SUNPHARMA below 564.5 Target 559.5 Stop above 568.5 CMP 585

This call was picked in the morning as this stocks was seen under- performing well along with pharma sector.

Result: Stop Loss

This call was struck in the volatility and triggered the stop loss.

3. EQSIS Intra: Short ASHOKLEY below 112.1 Target 110.9 Stop above 113.1 CMP 112.5

This call was picked in the mid-afternoon as this stock was seen under-performing well along with good liquidity.

Result: Stop Loss

This call was struck in the volatility and triggered the stop loss.

4. EQSIS Intra: Long ASIANPAINT above 1172 Target 1184.5 Stop below 1162 CMP 1170

This call was picked in the morning as this stocks was seen performing well along with good liquidity.

Result: Target

This call was initiated as expected and achieved the target.


Updated 6:45 pm

Top Stocks To Watch On Thursday 25 October 2018

YESBANK plunged by 4.32% and closed at Rs.204. Also it registered a considerable loss in last five session. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 12.05 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 187.

IOC surged by 5.81% and ended at Rs.137.55. Trading volume hiked by 56 percent at last session. The firmness of the bulls is acknowledged by the unfilled gap.The technical indicator RSI signals oversold scenario.It is trading inside the trading range. The Support is seen around 117 and resistance is seen around 158.

AMBUJACEM dropped by 2.09% and settled at Rs.196.4. Trading volume inflated by 197 percent at last trading day. It is heading for bearish trend. It is frequently grinding lowere levels for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 231.

ADANIPORTS volume rose by 116 percent at last trading day. Yet largely the volumes are settled intraday. The firmness of the sellers is recognized by the opening gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 301.

BAJAJ-AUTO plunged by 4.31% and to close at Rs.2475.15. Trading volume inflated by 328 percent at last session. There is an evidence of bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 2812.

TATAMOTORS is one among the top traded stocks. The momentum of the sellers is recognized by the opening gap.It is continuously sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 242.

CADILAHC plunged by 5.26% and finished at Rs. 357.65. Trading volume rose by 136 percent at last session. It is heading for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 402.

BAJFINANCE surged by 10.97% and settled at Rs.2311.8. Trading volume spiked by 134 percent at last trading day. The strength of the buyers is indicated by the todays gap.It is oscillating nearer to its resistance zone of 2368.

HCLTECH volume inflated by 99 percent at last trading day. The momentum of the bears is evident from the todays gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 962.

BHARTIARTL surged by 10.48% and ended at Rs.315.85. Trading volume spiked by 126 percent at last trading day. It is trading inside the trading range. The Support is seen around 282 and resistance is seen around 365.

AXISBANK is listed in top traded counters. The aggressive nature of sellers is indicated by the unfilled gap.Currently it is trading around the lower range of its price band. The crucial support zone is around 550.


Updated 5:30 pm

Closing Bell: The NSE NIFTY 50 Index rose 0.77 percent to settle at 10224.75 on Wednesday. Indian Equity benchmark NIFTY snapped their four-day losing spree in the volatile trading session amid weak global markets.

Ten out of 11 sector gauges compiled by NSE ended higher led by NIFTY REALTY, NIFTY FIN SERVICE, NIFTY META and NIFTY FMCG ended as top gainers. On the flip-side, NIFTY PHARMA is the only loser.

From the NIFTY50 basket of shares BAJFINANCE, BHARTIARTL, HINDPETRO, IOC and HINDALCO ended as top gainers while BAJAJ-AUTO, YESBANK, DRREDDY, GRASIM and ADANIPORTS are top losers.


Updated 4:20 am

Earnings Highlights

Bajaj Holdings Ltd

  • Total revenue grew to Rs 698 crores in Q2 FY19, an increase from Rs 657 croes on YoY basis.
  • Net profit after tax to Rs 646 crores in Q2 FY19, an increase from Rs 611 crores in Q2 FY18.
  • Earnings per share to Rs 58.1 crores in Q2 FY19, an increase from Rs 54.9 YoY basis.

Bajaj Auto Ltd

  • Total revenue grew to Rs 8368 crores in Q2 FY19, an increase from Rs 6832 croes on YoY basis.
  • Net profit after tax to Rs 1152 crores in Q2 FY19, an increase from Rs 1111 crores in Q2 FY18.
  • Earnings per share to Rs 39.8 crores in Q2 FY19, an increase from Rs 38.4 YoY basis.

Updated 3:11 am

Thomas Cook (India) Limited

  • Thomas Cook (India) Limited has informed the Exchange regarding a press release dated October 24, 2018, titled “Thomas Cook India’s strong focus on Kerala sees resurgence of the State Kerala has re-emerged as a favourite for Domestic Tourism”.

Updated 1:47 am

Cadila Healthcare Limited

  • Cadila Healthcare Limited has informed the Exchange that the Company has signed share purchase agreement jointly with Zydus Wellness Limited for proposed acquisition of 100% equity share capital of Heinz India Private Limited.

Updated 12:09 pm

Tata Consultancy Services Limited

  • Tata Consultancy Services Limited has informed the Exchange regarding a press release dated October 24, 2018, titled “TCS partners with Intel to Further Secure Quartz Blockchain Solutions”.

Updated 10:26 am

Infosys Limited

  • Infosys Limited has informed the Exchange regarding a press release dated October 24, 2018, titled “Infosys Finacle and R3 Partner to Bring Blockchain Solutions on Corda for Banks”.

Updated 10:01 am

Rupee Opens Higher

  • The Indian rupee gained in the early trade on Wednesday. It opened higher by 34 paise at 73.23  per dollar versus 73.57 yesterday.

Updated 9:30 am

Earnings To Watch

  • Bajaj Auto
  •  Bajaj Holdings
  • Everest Industries
  • IDFC Bank
  • Interglobe Aviation ltd
  • Hexaware Tech
  • L&T Finance
  • M&M Finance
  • TTK Prestige
  • Sterlite Technologies
  • Rane Engine

Updated 9:25 am

Earnings Reaction To Watch

TVS Motor Ltd

  • Total revenue grew to Rs 4994 crores in Q2 FY19, an increase from Rs 4097 croes on YoY basis.
  • Net profit after tax to Rs 211 crores in Q2 FY19, an increase from Rs 213 crores in Q2 FY18.
  • Earnings per share to Rs 4.45 crores in Q2 FY19, an increase from Rs 4.49 YoY basis.

HCL Tech Ltd

  • Total revenue grew to Rs 15144 crores in Q2 FY19, an increase from Rs 12765 croes on YoY basis.
  • Net profit after tax to Rs 2534 crores in Q2 FY19, an increase from Rs 2207 crores in Q2 FY18.
  • Earnings per share to Rs 18.2 crores in Q2 FY19, an increase from Rs 15.83 YoY basis.

Updated 9:23 am

Top News India

RIL To Acquire GTPL Hathway

  • Reliance industries has began talks to acquire controlling stake in GTPL hathway, a leading multi-system operator that dominates the Gujarat market.

GDP Growth May Slow Down

  • Economic growth may slow down in December quarters as funds for consumption and investment are drying up from the government.

Liquidity Crisis

  • Government and RBI are in consultation over the liquidity squeeze that have gripped NBFC’s in the last two months, which cause cause credit market to collapse.

Updated 9:20 am

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