Nifty end over 1 per cent higher as heavyweights shine


How well the EQSIS recommendations performed today 28 March?

1. EQSIS Intra: Long BATAINDIA above 1392 Target 1405.8 Stop below 1381 CMP 1389

Status: Target

2. EQSIS Intra: Long IOC above 163.75 Target 165.3 Stop below 162.5 CMP 163.25

Status: Stoploss

3. EQSIS Intra: Long BAJFINANCE above 2985 Target 3007.5 Stop below 2967 CMP 2978

Status: Positive

4. EQSIS Intra: Long AXISBANK above 768 Target 774.3 Stop below 763 CMP 766

Status: Target


6:16:03 PM

Top Stocks To Watch On Friday 29 March 2019

IBULHSGFIN surged by 8.1% and finished at Rs. 811.15. Additionally it maintained a remarkable gains in last five session. Trading volume rose by 123 percent. Yet most of the trades are intraday trades. It Indicates positive breakout. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 661.

MCDOWELL-N fell by 1.4% and settled at Rs.532.4. At the same time it secured a remarkable decline on the weekly basis. Trading volume spiked by 131 percent at last trading day. Moreover 73% of the trades are deliverable volume. It Indicates bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 589.

HCLTECH gained by 3.81% and closed at Rs.1082.9. Trading volume rose by 126 percent at last session. It gives an impression of positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 6.36 %. This stock is currently settled above the recent resistance zone. We see short term support around 1003.

TATASTEEL weakened by 1.84% and to close at Rs.506.3. It is the most active stock. Furthermore 66% of the trades gone for delivery. Derivative traders were aggressive in adding short positions. Open interest gained by 7.74 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 501.

DHFL surged by 9.48% and to close at Rs.149.5. Trading volume increased by 400 percent at last session. But most of the trades are intraday trades. There could be bullish breakout. It is steadily rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 127.

ZEEL surged by 4.67% and ended at Rs.442.8. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. The technical indicator RSI signals oversold scenario.Currently it is trading around the lower range of its price band. The crucial support zone is around 424.

BANKBARODA surged by 7.03% and to close at Rs.130.1. Trading volume hiked by 144 percent. There is an evidence of bullish breakout. It is continuously heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 104.

BRITANNIA witnessed Star pattern on daily chart. BRITANNIA volume hiked by 1137 percent on 28 March 2019. Noticeably 82% of the trades are deliverable volume. It is trading inside the trading range. The Support is seen around 3020 and resistance is seen around 3162.

L&TFH volume rose by 155 percent at last session. But majority of them are intraday in nature. It is heading for resistance It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 126.

ICICIPRULI volume inflated by 204 percent at last trading day. It signals positive breakout. The firmness of the sellers is evident from the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 316.

CIPLA witnessed Star pattern on daily chart. CIPLA volume rose by 153 percent on 28 March 2019. Surprisingly 59% of the trades are taken for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 523.

AXISBANK is the most active stock. Noticeably 64% of the trades gone for delivery. It Indicates bullish breakout. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 706.


4:26:21 PM

Closing Bell: Nifty end over 1 per cent higher as heavyweights shine

Indian benchmark index NSE Nifty50 was closed 124 points higher at 10,792 on derivative expiry day. Domestic equity index Nifty finished more than 1 per cent higher on robust buying in banking, finance and IT stocks. Among sectors, except for Nifty metal, all other sub-indices were ended in green with Nifty PSU Banks rose the most, up 3.62 percent followed by media, realty, IT and FMCG sectors.

NIFTY TOP GAINERS/LOSERS


1:51:12 PM

Market Update: Nifty above 11,550 mark; PSU Bank index surges 3%

Equity benchmark index Nifty continue to trade higher during afternoon session. The Nifty50 soared 107 points at 11,551 mark. On the sectoral front, finance, IT, banking, realty, media indices up over 1-3% respectively.

The market breadth, indicating the overall health of the market, was strong. On NSE, 1164shares rose and 567 shares fell. A total of 105 shares were unchanged.


9:56:03 AM

Morning Update: Nifty trade marginally higher ahead of F&O expiry 

The benchmark index Nifty were trading 55 points higher at 11,501 on Thursday. Key equity index Nifty were trading higher in the morning deals with Nifty50 above 11,500 mark ahead of monthly derivatives expiry. Among sectoral indices, Nifty Realty index were trading almost 2 per cent higher, followed by IT, media and PSU Bank shares while metal and pharma are showing minor signs of pressure.


10:11:20 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) bought shares worth Rs 889.78 crore and Domestic Institutional Investors bought Rs 134.92  crore worth of shares in the Indian equity market on March 27.


9:10:05 AM

Top News Of The Day

Bank Of Baroda To Raise Money

  • State-owned Bank of Baroda is set to raise up to $1 billion by selling bonds overseas to solidify its capital position ahead of a likely jump in credit demand. 

NHAI To Raise Money

  • The National Highway Authority of India (NHAI) garnered Rs 5,500 crore by selling domestic bonds with 10-year maturity on the exchange traded platform. The road builder offered 8.27% coupon on those papers. 

9:07:39 AM

Good Morning

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