Nifty rise after two days as banking stocks drive gains


How well the EQSIS recommendations performed today 26 March?

1. EQSIS Intra: Short WIPRO below 253.40 Target 250.25 Stop above 256.25 CMP 253.8

Status: Not Initiated

2. EQSIS Intra: Long GAIL above 357.6 Target 361.45 Stop below 354.5 CMP 357.00

Status: Positive

3. EQSIS Intra: Long BHEL above 71.35 Target 72.6 Stop below 70.35 CMP 71.2

Status: Target


5:54:20 PM

Top Stocks To Watch On Wednesday  27 March 2019

JETAIRWAYS surged by 6.61% and to close at Rs.270.9. Meanwhile it maintained significant returns over a recent days. Trading volume inflated by 456 percent at last session. But majority of them are intraday trades. There could be positive breakout. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 216.

RELCAPITAL surged by 7.47% and to close at Rs.200. At the same time it secured significant returns in last five session. Trading volume inflated by 116 percent on 26 March 2019. Yet numerous trades were intraday trades. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 163.

RECLTD weakened by 1.74% and to close at Rs.152.7. Trading volume hiked by 255 percent on 26 March 2019. It signals selling pressure Derivative traders were aggressive in adding short positions. Open interest gained by 23.28 %. This stock is currently settled above the recent resistance zone. We see short term support around 131.

INDIGO volume increased by 63 percent at last trading day. Yet largely the volumes are intraday in nature. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1094.

PAGEIND surged by 4.2% and finished at Rs. 24847.35. Trading volume rose by 55 percent at last session. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 21851.

PIDILITIND gained by 3.98% and closed at Rs.1226.55. Trading volume spiked by 217 percent on Tuesday. It suggest for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1098.

UNIONBANK surged by 4.75% and finished at Rs. 91.55. At the same time it secured a remarkable percent on the weekly basis. This stock is currently settled above the recent resistance zone. We see short term support around 69.

MCX fell by 1.29% and settled at Rs.782.8. It witnessed Bearish Engulfing pattern on daily chart. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 812.


5:46:47 PM

Closing Bell: Nifty rise after two days as banking stocks drive gains

The benchmark index Nifty-50 closed 129 points higher at 11,483. key equity index Nifty snapped two-day losing streak in Tuesday’s session amid strong foreign inflows and surge in banking stocks.  In the sectoral space, Nifty PSU Bank was the biggest gainer, surging 3.13 per cent followed by Banking, Financial and Metal sector. Each of these indices logged gains of 3-1 percent respectively.

NIFTY TOP GAINERS/LOSERS


2019-03-26

Market Update: Nifty At Day’s High; PSU Bank index up nearly 2%

The Nifty rose 50 points to trade at 11,405 on Tuesday’s afternoon session, the benchmark index Nifty were trading higher led by gains in banking, metal and realty stocks were offset by selling pressure in IT and FMCG shares.

The Nifty PSU Bank index up nearly 2% on Tuesday amid heavy buying in stocks of Union Bank, Indian Bank, Canara Bank and State Bank of India.


10:00:47 AM

Treasure Quiz Q1

One among the three stocks has formed Bullish piercing on yesterday and currently trading above the piercing day’s high

  • HINDALCO
  • BAJFINANCE
  • GRASIM

* Pick the right one and make use of it and also answer the stock in comment section


9:58:38 AM

Morning Update: Nifty trade in green tracking sharp recovery in Asian market

The benchmark index Nifty were trading 33 points higher at 11,388 on Tuesday, below its key level 11,400 mark. Market turned positive after declining for the two consecutive trading sessions, tracking sharp recovery in Asian market. On NSE, except for Nifty IT, all other sectoral indices moved higher led by advances in Realty, Media and PSU Bank sectors.

The market breadth remained in favour of bulls. About 1,087 shares advanced against 453 declining shares on the NSE.


9:38:23 AM

FII & DII  Deets

On a net basis, foreign portfolio investors (FIIs) bought shares worth a net of Rs 1436.16 crore on Monday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 12.52 crore.


9:21:32 AM

Top News Of The Day

DLF Raises Money Through QIP

  • DLF Limited, the real estate major has decided to launch its sale of shares of about Rs 3000 crore to the qualified institutional investors.

Varun Beverages Gets CCI Nod

  • PepsiCo India’s bottling partner Varun Beverages Ltd (VBL) have received nod from the Competition Commission of India for its proposal to acquire franchise rights of the foods and snacks major in southern and western India.  

9:18:02 AM

Good Morning

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