NIFTY resumed losing spree after a day’s breather on October F&O expiry day


Updated 6:50 pm

How well the EQSIS recommendations performed today 25 October?

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

1. EQSIS Intra: Short SBIN below 250.25 Target 248.1 Stop above 252 CMP 251

This call was given in the morning as this stock was seen under-performing well with along with banking sector.

Result: No Gain/No Loss

This call was grinding lower as expected but struck in the volatility and failed to achieve the target.


Updated 6:45 pm

Top Stocks To Watch On Friday 26 October 2018

DISHTV plunged by 17.61% and closed at Rs.36.95. Also it recorded significant fall in last five session. Trading volume hiked by 268 percent at last session. It suggest for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 23.7 %. It is trading below its recent support zone. The Near term resistance is seen around 60.

JUBLFOOD plunged by 10% and closed at Rs.1074.1. Trading volume increased by 196 percent at last trading day. It is likely to witness negative breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 24.56 %. It is trading below its recent support zone. The Near term resistance is seen around 1298.

BATAINDIA surged by 4.84% and settled at Rs.923.15. Trading volume inflated by 189 percent at last trading day. But most of the trades are intraday trades. The firmness of the sellers is evident from the todays gap.It is trading inside the trading range. The Support is seen around 847 and resistance is seen around 981.

BHEL plunged by 7.5% and ended at Rs.70.25. Trading volume increased by 511 percent on 25 October 2018. Derivative traders were aggressive in adding short positions. Open interest increased by 24.48 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 67.

IDEA Increase by 2.76% and ended at Rs.37.25. It is listed in top traded counters. Yet most of the trades are intraday in nature. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 33 and resistance is seen around 41.

CONCOR witnessed Star pattern on daily chart. CONCOR volume rose by 481 percent on Thursday. Impressively 79% of the trades gone for delivery. It is likely to witness bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 644.

WIPRO strengthen by 3.16% and ended at Rs.318.55. Trading volume spiked by 324 percent on 25 October 2018. The intensity of the bears is indicated by the todays gap.It is trading inside the trading range. The Support is seen around 305 and resistance is seen around 332.

NTPC witnessed Star pattern on daily chart. NTPC volume increased by 1593 percent at last session. Noticeably 63% of the trades are deliverable volume. Currently it is trading around the lower range of its price band. The crucial support zone is around 160.

GAIL witnessed Star pattern on daily chart. GAIL volume inflated by 382 percent at last session. Impressively 74% of the trades gone for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 322.

PFC volume inflated by 1217 percent at last trading day. Moreover 70% of the trades are taken for delivery. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 73.

IBULHSGFIN plunged by 7.29% and finished at Rs. 689.1. Meantime it reported an exceptional decline over a recent days. It is the most active stock. It is trading below its recent support zone. The Near term resistance is seen around 1000.

NMDC volume inflated by 362 percent at last trading day. Noticeably 72% of the trades are deliverable volume. It is heading for negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 119.


Updated 5:30 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.98 percent to settle at 10124.90 on Thursday. Indian Equity benchmark NIFTY fell nearly 100 points after a day’s breather and posted on of the worst F&O expiry for the second consecutive month.

Ten out of 11 sector gauges compiled by NSE ended lower led by NIFTY MEDIA, NIFTY PSU BANK, NIFTY PHARMA and NIFTY REALTY ended as top losers. On the flip-side, NIFTY IT is the only gainer.

From the NIFTY50 basket of shares BHARTIARTL, IBULHSGFIN, UPL, VEDL and HINDALCO ended as top losers while WIPRO, COALINDIA, HCLTECH, IOC and KOTAKBANK are top gainers.


Updated 3:54 pm 

Earnings Highlights

Dish TV

  • Subscription revenues of Rs. 14,536 million and Operating revenues of Rs. 15,943 million in current quarter.
  • EBITDA for the quarter stood at Rs. 5,406 million. EBITDA margins were almost at an all time high at 33.9%
  • Dish TV will  be launched in OTT platform and Connected Box are two of the many initiatives in the pipeline that will position Dish TV at par with some other contemporary offerings.

PVR Ltd

  • Total revenue grew to Rs 714 crores in Q2 FY19, an increase from Rs 559 croes on YoY basis.
  • Net profit after tax to Rs 34 crores in Q2 FY19, an increase from Rs 24 crores in Q2 FY18.
  • Earnings per share to Rs 7.06 crores in Q2 FY19, an increase from Rs 5.38 on YoY basis.

JSW Steel Ltd

  • Total revenue grew to Rs 21608 crores in Q2 FY19, an increase from Rs 17279 croes on YoY basis.
  • Net profit after tax to Rs 2087 crores in Q2 FY19, an increase from Rs 836 crores in Q2 FY18.
  • Earnings per share to Rs 8.83 crores in Q2 FY19, an increase from Rs 3.49 on YoY basis.

Updated 2:01 pm

Premier Explosives Limited

  • Premier Explosives Limited have also received trial order for QRSAM motor lining and RDX for propellant casting. Total order value is Rs.324.16 Lakhs and it is to be executed by 31.12.2019.

Updated 12:53 pm

Suven Life Sciences Limited

  • Suven Life Sciences Limited has informed the Exchange regarding a press release dated October 25, 2018, titled “Suven Life Sciences Ltd Announces the last patient enrolled in Phase 2 study of SUVN-502 for Moderate Alzheimer’s Disease”.

Updated 11:02 am

Mahindra CIE Automotive Limited

  • Mahindra CIE Automotive Limited has informed the Exchange regarding ‘Submission of draft scheme of merger of wholly-owned subsidiary ,Bill Forge Private Limited ,with the Company.

Updated  9:40 am

Rupee Opens Lower

  • The rupee on Thursday opened 19 paise down at 73.34 

Updated 9:36 am

Earnings To Watch

  • Aptech
  • Bharati Airtel
  • Biocon
  • BHEL
  • Ceat
  • Dish TV
  • PVR
  • Raymond
  • JSW Steel
  • HCL Info
  • Yes Bank
  • Tata Coffee
  • Shalimar Paints

Updated 9:28 am

Earnings Reaction To Watch

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 on 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 on YoY basis.

L&T Finance Holdings

  • Total revenue grew to Rs 3326 crores in Q2 FY19, an increase from Rs 2609 croes on YoY basis.
  • Net profit after tax to Rs 797 crores in Q2 FY19, an increase from Rs 346 crores in Q2 FY18.
  • Earnings per share to Rs 2.91 crores in Q2 FY19, an increase from Rs 1.84 on YoY basis.

Updated 9:25 am

Top News Of The Day

Zydus Wellness Buys Kraft Heinz India

  • Ahmedabad based firms buys Kraft Heinz India for Rs 4595 crores. The brands of Kraft Heinz are Complan, Glucon D, Nycil, Sampriti Ghee.

Airtel To Raise Fund

  • Airtel Africa Unit to raise $1.25 billion by issuing fresh shares to six global investors which includes Temasek, Singtel and Soft Bank

Kotak Exited Realty Fund

  • Kotak Realty fund, an alternative investment fund of Kotak Mahindra Bank, has made a successful exited and returned about Rs 2600 crores to its investors.

Updated 9:20 am

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