NIFTY ended higher for third day ahead of November F&O series expiry
Updated 6:40 pm
How well the EQSIS recommendations performed today 28 November?
Market Sentiment: We concluded the market sentiment as bullish as NIFTY was advancing along with index front-line stocks in the opening hour of trade.
1. EQSIS Intra: Long NIFTYFUT above 10735 Target 10771 Stop below 10699 CMP 10727
This call was given in the morning as index was advancing along with index front-line stocks
This call was initiated and was seen grinding higher but struck in the volatility and ended below the entry level.
2. EQSIS Intra: Long HDFCBANK above 2080 Target 2096.3 Stop below 2067 CMP 2077
This call was picked in the morning as this stocks was seen performing well along with banking sector.
This call was initiated as expected and achieved the target.
3. EQSIS Intra: Long BHARATFIN above 1003 Target 1013.6 Stop below 994.5 CMP 998
This call was picked as this stocks was seen performing well along with surge in volume.
This call was ignored because it was given in the opening hour but it was not initiated till late afternoon.
4. EQSIS Intra: Long HDFC around 1923 Target 1943 Stop below 1907 CMP 1923
This call was picked as this stocks was seen performing well along with surge in volume.
This call was initiated as expected and was seen grinding higher but failed to achieve the target and ended well above the entry level.
Updated 6:30 pm
Top Stocks To Watch On Thursday 29 November 2018
ARVIND witnessed Star pattern on daily chart. ARVIND volume increased by 672 percent at last session. Yet largely the volumes are intraday trades. It is likely to witness bearish breakout. The intensity of the bears is acknowledged by the opening gap.It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 348.
ADANIPOWER surged by 7.61% and to close at Rs.54.45. Additionally it recorded an exceptional margin on the weekly basis. Trading volume hiked by 157 percent on Wednesday. However numerous trades were settled intraday. It gives an impression of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 42.
ONGC volume increased by 94 percent on Wednesday. Noticeably 58% of the trades are taken for delivery. It signals negative breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 10.17 %. It is trading below its recent support zone. The Near term resistance is seen around 162.
YESBANK plunged by 11.25% and closed at Rs.162.1. Additionally it maintained a remarkable weakness on the weekly basis. Trading volume inflated by 111 percent on 28 November 2018. It gives an impression of negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 227.
DHFL plunged by 5.88% and finished at Rs. 208.95. It is one among the top traded stocks. But largely the volumes are intraday in nature. It is steadily sliding for3 days. Currently it is trading around the lower range of its price band. The crucial support zone is around 199.
ZEEL gained by 3.95% and settled at Rs.477.45. Trading volume spiked by 105 percent on 28 November 2018. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 426.
COLPAL volume hiked by 93 percent at last trading day. It suggest for aggressive sellingIt is continuously heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 1090.
APOLLOTYRE Increase by 2.69% and ended at Rs.236.3. Trading volume inflated by 87 percent on Wednesday. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 210.
L&TFH surged by 5.74% and closed at Rs.139. Trading volume rose by 394 percent at last session. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 123.
TCS surged by 4.95% and finished at Rs. 1983.9. Trading volume hiked by 125 percent at last session. It suggest for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1802.
ASIANPAINT witnessed Bearish Piercing pattern on daily chart. The strength of the sellers is evident from the unfilled gap.The technical indicator RSI signals overbought scenario.It is oscillating nearer to its resistance zone of 1344.
MINDTREE surged by 6.15% and finished at Rs. 874.75. Trading volume spiked by 136 percent on Wednesday. It signals bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 781.
Updated 6:10 pm
Closing Bell: The NSE NIFTY 50 Index rose 0.40 percent to settle at 10728.85 on Wednesday. Indian Equity benchmark Nifty ended higher for third straight day led by healthy buying in IT and Media stocks ahead of the expiry of derivative contracts, due Thursday.
Among sector gauges compiled by NSE NIFTY IT, NIFTY MEDIA and NIFTY FIN SERVICE ended higher as top gainers while NIFTY PSU BANK, NIFTY REALTY and NIFTY METAL ended lower as top losers.
From the NIFTY50 basket of shares TCS, INFY, ZEEL, RELIANCE and INDUSINDBK ended as top gainers while YESBANK, BPCL, BHARTIARTL, IOC and GAIL are top losers.
Global Market: European markets were hgher today following Asian markets which finished higher as investors hopes for the positive outcome on trade war issue from the G-20 Summit and meeting between the between Donald Trump and Xi Jinping this weekend. The
Rupee Strengthens Against U.S. Dollar
The Indian rupee appreciated 17 paise and ended stronger at 70.62 against the US dollar on Wednesday.
Updated 1:55 pm
F&O Fact-Finding: Highest Open Interest On Nifty 10,600 PE
Nifty’s 10,600 PUT option contract has the highest open interest with over 41 contracts. The premium on the contract is around Rs.8.30 on Wednesday and this contract is among the most active option contracts on National Stock Exchange.
Updated 1:54 pm
- Capacit’e Infraprojects Limited has informed the Exchange regarding ‘Receipt of Order worth of Rs. 335.38 Crore from Bharat Sanchar Nigam Limited (BSNL), a Government of India Enterprise and Closure of Trading Window ‘.
Updated 12:23 pm
- Dr. Reddy’s Labs today announced the launch of Chlorthalidone Tablets USP, 25 mg and 50 mg, a therapeutic equivalent generic version of Hygroton (chlorthalidone) Tablets, approved by the U.S. Food and Drug Administration (USFDA).
Updated 11:15 am
Key Event To Watch – G-20 summit
Leaders of the G20, the world’s biggest economies, will meet between November 30 to December 1 in Argentina, with climate change, and the trade war between Washington and Beijing at the top of the agenda.
Prime Minister Narendra Modi will be in Argentina from November 29 to December 1 to participate in the G20 meeting during which he will also meet Chinese President Xi Jinping and leaders of other participating nations, the Ministry of External Affairs said on Tuesday.
Prime Minister Narendra Modi Tweet On attending G-20 summit
Updated 11:03 am
FII & DII Deets
Foreign institutional investors (FIIs) bought shares worth Rs 811.5 crore, while domestic institutional investors (DIIs) bought shares worth Rs 31 crore in the Indian equity market on November 27.
Updated 10:50 am
Market Update: NIFTY above 10,700-mark; IT and Media stocks advance
The NSE Nifty 50 Index rose as much as 0.36 percent to trade at 10,724.50. Indian equity benchmarks extended gains for the third day led on helpful global cues.
The market breadth was tilted in favour of buyers. Nine out of 11 sectoral gauges compiled by National Stock Exchange advanced, led by the NSE Nifty Media Index’s 1.15 percent gain. On the flipside, NSE Nifty Realty Index was the top sectoral loser, down 1.45 percent.
Updated 10:40 am
Rupee Opens weak
The Indian Rupee opened marginally lower at 70.88 against the US Dollar. On Tuesday, the domestic unit depreciated by 8 paise to close at 70.79 against the US dollar.
Updated 10:01 am
- Majesco Limited has informed the Exchange regarding ” Intimation of execution of Material Definitive Agreement to acquire shares of Exaxe Holdings Limited, Ireland, by Majesco, USA, subsidiary of the Company”.
Updated 9:45 am
Earnings Reaction To Watch
Reliance Capital Ltd
- Total revenue grew to Rs 5308 crores in Q2 FY19, an increase from Rs 5243 crores on YoY basis.
- Net profit after tax to Rs 281 crores in Q2 FY19, an increase from Rs 296 crores in Q2 FY18.
- Earnings per share to Rs 11.07 FY19, an increase from Rs 13.9 YoY basis.
Updated 9:30 am
Top News Of The Day
Airtel To Raise Money
- Bharti Airtel may raise Rs 15000 crores through issue of fresh shares, as the part of the strategy to cut down its debt and fund new capex.
Patel Projects Robust Growth Of Our Economy
- RBI governor Urjit Patel projects robust growth of our economy and also added that RBI would seek for autonomy and not target the government.
Gold Shines Brighter
- Gold is back in demand as rupee turns strong a and rise in demand in its key south Indian markets.
Updated 9:15 am
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