NIFTY ended at all time closing high as August F&O series takes off


updated 7:50 pm

How well the EQSIS recommendations performed today 27 July?

Market Sentiment: We concluded the market sentiment as bullish as NIFTY opened gap up from the previous record closing high and today August F&O series will be on track.

1. EQSIS Intra: Long EICHERMOT above 28791 Target 29033 Stop below 28549 CMP 28749

This call was the first pick in the morning as this stock is performing good for past three day and surged exceptionally in the first few minutes of trade.

Result: Positive

This call initiated after an hour and was grinding above the entry level throughout the day and it is just a step way from the target during the market closing time.

2. EQSIS Intra: Long MCDOWELL-N above 601.75 Target 606.5 Stop below 597 CMP 601

This call was doing good for past few days so we expected the good rally today as FMCG sector was also performing in the morning.

Result: Stop Loss

This call went below the stop loss before initiating and got initiated with a good volume in the mid afternoon trade but unfortunately the stock lacked the momentum to hit the target and started to grind lower to trigger the stop loss.

3. EQSIS Intra: Long DABUR above 382.5 Target 386 Stop below 379 CMP 382

This call was given within the first hour of trade while on that time FMCG sector was performing well and this particular stock was grinding higher with good liquidity.

Result: Target

This call achieved the target in the afternoon after grinding at the entry level for several minutes.


updated 7:05 pm

Top Stocks To Watch On Monday 30-07-2018

BIOCON surged by 5.01% and closed at Rs.586.2. Trading volume inflated by 800 percent at last trading day. However numerous trades were intraday in nature. The momentum of the bulls is visible through the opening gap.It is trading inside the trading range. The Support is seen around 556 and resistance is seen around 638.

ITC surged by 5.34% and closed at Rs.302.55. Trading volume rose by 516 percent at last trading day. It suggest for bullish breakout. The aggressive nature of buyers is evident from the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 261.

INDIACEM surged by 4.99% and ended at Rs.118.85. Trading volume hiked by 85 percent on 27 July 2018. However largely the volumes are settled intraday. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 98.

TCS fell by 1.07% and settled at Rs.1943.75. Derivative traders were aggressive in adding short positions. Open interest surged by 2.89 %. It is continuously grinding lowere levels for 3 days. It is trading inside the trading range. The Support is seen around 1851 and resistance is seen around 2012.

AJANTPHARM surged by 4.95% and settled at Rs.1095.3. Trading volume spiked by 86 percent at last trading day. But most of the trades are intraday trades. There is an evidence of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 947.

M&MFIN witnessed Star pattern on daily chart. M&MFIN volume inflated by 214 percent at last session. There could be bullish trend formation. It is continuously rising for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 451.

MARUTI is the most active stock. Derivative traders were aggressive in adding short positions. Open interest increased by 4.97 %. It is steadily scaling down for 3 days. It is trading inside the trading range. The Support is seen around 8895 and resistance is seen around 9787.

CASTROLIND surged by 5.93% and closed at Rs.174.2. Trading volume spiked by 159 percent at last trading day. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 155.

GODREJIND surged by 4.34% and finished at Rs. 637.6. Trading volume inflated by 111 percent at last session. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 577.

BANKBARODA volume inflated by 83 percent. There is an evidence of aggressive sellingIt is frequently heading higher levels for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 111.

PETRONET volume inflated by 102 percent on 27 July 2018. It signals bearish reversalIt is steadily heading higher levels for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 206.

SYNDIBANK volume hiked by 94 percent at last session. It is heading for bullish trend formation. It is regularly rising for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 37.


updated 5:27 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.99 percent to settle at record closing high 11278.35 in on Friday. Indian Equity benchmark NIFTY extended their record-breaking run for the second consecutive day and tested 11,200-mark for the first time led by wide spread gains across all sectors on the back of strong quarterly results. On the Weekly basis, NSE NIFTY 50 Index gained 2.44 percent and headed for the best monthly gain.

Ten out of 11 sectoral gauges compiled by NSE ended higher led by NIFTY FMCG, NIFTY METAL, NIFTY PVT BANK, NIFTY AUTO and NIFTY FIN SERVICE as top gainers. on the other-side, NIFTY PSU BANK is the only loser.

From the NIFTY50 basket of shares ITC, IOC, TATAMOTORS, HINDALCO and TITAN ended as top gainers while DRREDDY, BAJAJFINSV, ADANIPORTS, TCS and COALINDIA are top losers.


updated 2:25 pm

Advances and Declines – Sector Wise

The Number of Advancing companies is greater than number of declining companies in all NSE sectors.


updated 1:18 pm

Afternoon Market Update: The NSE Nifty 50 trading 0.68 percent higher at 11243.85 in the afternoon trade on Friday. India equity benchmarks extended their record-breaking run for the second consecutive day and tested 11,200-mark for the first time as investors sentiment boosted by optimistic June quarter earnings.

Global Market Check: European markets opened mixed tracking Asian Markets which closed mixed ahead to key growth data due out in the U.S. later in the session.


updated 11:45 am

Currency Market

  • The Indian rupee opened flat at 68.65 per dollar on Friday versus previous close 68.66.
  • Rupee continued to consolidate in a narrow range and volatility for the pair is expected to remain low ahead of preliminary GDP number that will be released from the US.

updated 11:40 am

NSE Advances and Declines – Volume Basis

The Trading volume is significantly increasing in the Advancing companies, Which reaffirms the bullish sentiment.


updated 11:35 am

Bullish Gap Stocks

Two out of Four stocks which opened gap up were trading with a negative bias.


updated 11:25 am

NSE Sector Performanc – Intraday

All Sectors compiled by NSE barring Cement sector were trading higher led by gains in FMCG and Banking sectors.


updated 11:20 am

Market Update: The NSE Nifty 50 Index advanced 0.73 percent at 11248.55 on Friday. India equity benchmarks extended their record-breaking run for the second consecutive day and tested 11,200-mark for the first time as investors sentiment boosted by optimistic June quarter earnings.

Global Market Check: Asian Markets trading mixed tracking overnight U.S. market which closed mixed as investors focused on trade headlines and upcoming economic events.


updated 9:00 am

Top News Of The Day

Hindalco’s Novelis – New Acquisition

  • Hindalco’s Novelis to buy Aleris in $2.58 billion deal. This deal is expected to strengthen Novelis’s leadership position in Aluminium.

White Goods Cos To Cut Prices

  • White goods companies decided to extend benefits of GST cut to customer and bring the price to two year low.

 Trump to End Trade War With EU

  • Trump announces deal with EU’s to end the trade war. Trump’s decision has brought some relief for both the countries economic growth.

updated 8:50 am

Earnings Reaction To Watch

Dr Reddy’s Laboratories Ltd

  • The topline grew to Rs 2072 crores in Q1,2019 from Rs 1709 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 456 crores in Q1,2019 from Rs 59 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 27.04 in Q1,2019 from Rs 3.57 Q1,208.

ITC Ltd

  • The topline grew to Rs 11278 crores in Q1,2019 from Rs 14277 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 2897 crores in Q1,2019 from Rs 2717 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 2.31 in Q1,2019 from Rs 2.11 Q1,208.

Earnings To Watch

  • HCL Technologies
  • ICICI Bank
  • Reliance Industries
  • Bank of Baroda
  • Indian Overseas Bank
  • JSW Energy
  • Mahindra & Mahindra Financial Services