NIFTY ended below 10,700-mark amid positive global cues


Updated 7:30 pm

How well the EQSIS recommendations performed today 29 August?

Market Sentiment: We concluded the market sentiment as rangebound as market was seen at same phase in the first hour of trade.

1. EQSIS Intra: Long JSWSTEEL above 381.5 Target 384.25 Stop below 378.75 CMP 380.5

This call was first pick in the morning as this stock opened gap up from the previous closing.

Result: Target

This call was initiated as expected and achieved the target.

2. EQSIS Intra: Long BHARATFORG above 678 Target 684.25 Stop below 671.75 CMP 675

This call was given in the morning as this stock was seen performing well with surge in trading volume.

Result: Target

This call was initiated and started to grind higher to acheive the target.

3. EQSIS Intra: Long BANKBARODA above 147 Target 148.4 Stop below 145.6 CMP 146.5

This call was given in the mid afternoon as this stock was seen performing along with banking sector.

Result: Target

This call was initiated as expected and achieved the target.

4. EQSIS Intra: Short ASIANPAINT below 1396 Target 1386 Stop above 1406 CMP 1397

This call was picked in the afteroon as this stock was underperforming well with good surge in volume.

Result: No Gain/No Loss

This call was initiated as expected but lacked momentum to achieve the target and ended below the entry level.


Updated 6:50 pm

Top Stocks TO Watch On Thursday 30 August

UPL gained by 3.95% and finished at Rs. 680. Trading volume hiked by 138 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 608.

JSWSTEEL surged by 8.96% and to close at Rs.399. Meantime it registered significant percent on the weekly basis. Trading volume rose by 905 percent on 29 August 2018. But majority of them are intraday trades. It is heading for positive breakout. It is regularly rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 323.

IFCI surged by 4.97% and finished at Rs. 16.9. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume inflated by 163 percent at last session. However most of the trades are intraday in nature. It is trading inside the trading range. The Support is seen around 16 and resistance is seen around 18.

RELINFRA volume increased by 140 percent on Wednesday. But majority of them are intraday trades. It suggest for bullish trend formation. It is frequently heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 385.

SRF surged by 5.33% and ended at Rs.2053.1. Trading volume hiked by 98 percent at last trading day. Yet majority of them are intraday in nature. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1694.

ADANIENT declined by 2.79% and closed at Rs.223.3. Trading volume rose by 110 percent on Wednesday. But numerous trades were intraday in nature. It signals selling pressureThis stock is currently settled above the recent resistance zone. We see short term support around 186.

ADANIPOWER volume inflated by 78 percent at last session. Yet most of the trades are intraday trades. It signals positive breakout. It is frequently advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 28.

IDEA slipped by 3.03% and to close at Rs.49.55. Trading volume inflated by 122 percent on 29 August 2018. There is an evidence of bearish breakout. It is regularly sliding for4 days. It is trading below its recent support zone. The Near term resistance is seen around 58.

BHEL gained by 3.8% and closed at Rs.80.65. Trading volume hiked by 142 percent. However largely the volumes are intraday trades. It Indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 71.


Updated 4:30 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.40 percent to settle at 11691.90 on Wednesday. Indian Equity benchmark NIFTY was trading rangebound for most part of the day but fetched losses in the final hour trade and halted their record closing streak.

Among sector gauges compiled by NSE NIFTY PSU BANK, NIFTY REALTY and NIFTY METAL ended as top losers. On the flipside, NIFTY MEDIA, NIFTY IT and NIFTY PVT BANK ended as top gainers.

From the NIFTY50 basket of shares COALINDIA, POWERGRID, LUPIN, RELIANCE and INDUSINDBK ended as top losers while UPL, BAJFINANCE, SBIN, ONGC and GAIL are top gainers.


Updated 2:30 pm

Quess Corp Limited

  • Quess Corp Limited has informed the Exchange regarding ‘In continuation to our intimation dated June 06, 2018, we wish to inform you that Quess Corp Limited has today completed the sale of 74% equity in Inticore VJP Advance Systems Private Limited’.

Updated 12:35 pm

Metal Sector On Roll

Eight out of 11 NSE sectors were trading higher led by Banking  and Metal Sectors as top gainers.


Updated 11:10 am

Market Update: The NSE Nifty 50 little changed 0.01 percent to 11739.65 on Wednesday. Indian equity benchmark NIFTY trading flat in the lackluster trading session led by gains in Metal and PSU Banking stocks in the morning trade. The overall market breadth indicating the health of the market remain significantly positive

Seven out of 11 sectoral gauges compiled by NSE trading higher led by NIFTY METAL, NIFTY PSU BANK, NIFTY REALTY and NIFTY AUTO indexes as top gainers. on the other-side, NIFTY IT and NIFTY IT indexes are the top losers.

Global Market Check: Asian Markets were extending gains on Wednesday following the positive cues from Wall Street as worries about global trade wars eased slightly.


Updated 9:45 am

Glenmark Pharmaceuticals Limited 

  • Glenmark Pharmaceuticals Limited has informed the Exchange regarding Glenmark enters into an exclusive licensing agreement to commercialize generic Tiotropium Bromide dry powder inhaler in Western Europe.

Updated 9:38 am

Rupee Opens Plunges

  • The rupee on Wednesday opened 22 paise lower at 70.32 against the US dollar

Updated 9:15 am

Top News Of The Day

LIC To Buy 7% Equity

  • LIC is planning to buy 7% equity in IDBI bank through preferential share sale and taking its exposure to 14.9% of the total asset stake.

Vedanta Wins License

  • Vedanta wins license to explore 41 of 55 oil and gas blocks on offer while the state run had obtained barely two projects.

GMR’s Bid In Bulgaria

  • GMR infra is likely to bid for Bulgaria’s Sofia airport and I is evaluating option for bidding for a Rs 32370 crore projects

Updated 9:10 am

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