NIFTY ended lower for second day in a row due to August F&O expiry


Updated 6:10 pm

How well the EQSIS recommendations performed today 30 August?

Market Sentiment: We concluded the market sentiment as volatile due to August F&O expiry

1. EQSIS Intra: Long ITC above 318 Target 319.5 Stop below 316.5 CMP 317

This call was first pick in the morning as this stock grinding higher with good volume.

Result: Target

This call was initiated as expected and achieved the target.

2. EQSIS Intra: Long POWERGRID above 196.35 Target 197.7 Stop below 195 CMP 196

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

Result: Not Initiated

This call lacked momentum to grind higher.

3. EQSIS Intra: Long JSWSTEEL above 408.8 Target 412.1 Stop below 405.5 CMP 408

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

Result: Not Initiated

This call was not initiated as this stock struck in the trend reversal.

4. EQSIS Intra: Long TATASTEEL above 610 Target 614.25 Stop below 605.75 CMP 609

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

Result: Not Initiated

This call lacked momentum to grind higher.


Updated 6:01 pm

Top Stocks to Watch On Friday 31 August

BOSCHLTD surged by 9.6% and settled at Rs.22005. Also it registered a considerable percent in last five session. Trading volume inflated by 1265 percent at last trading day. It signals positive breakout. It is steadily rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 18564.

MARUTI weakened by 1.73% and closed at Rs.9205.8. It is the most active stock. Noticeably 66% of the trades are taken for delivery. Derivative traders were aggressive in adding short positions. Open interest gained by 7.83 %. It is trading inside the trading range. The Support is seen around 9046 and resistance is seen around 9501.

RELINFRA surged by 5.61% and settled at Rs.463.95. Trading volume spiked by 619 percent at last session. But largely the volumes are settled intraday. It Indicates bullish breakout. It is frequently climbing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 386.

ITC is one among the top traded stocks. Moreover 66% of the trades are taken for delivery. There could be bullish breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 5.25 %. This stock is currently settled above the recent resistance zone. We see short term support around 297.

JSWSTEEL witnessed Star pattern on daily chart. JSWSTEEL volume spiked by 217 percent. Yet majority of them are settled intraday. There could be aggressive sellingIt is regularly heading higher levels for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 325.

JPASSOCIAT surged by 5.86% and to close at Rs.11.75. . 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 11.

RPOWER surged by 6.08% and settled at Rs.36.65. Trading volume spiked by 423 percent at last trading day. However largely the volumes are intraday trades. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 31.

ORIENTBANK surged by 4.56% and finished at Rs. 84.8. Trading volume rose by 223 percent on 30 August 2018. Yet numerous trades were intraday trades. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 76.

INDIACEM gained by 3.62% and finished at Rs. 125.8. Trading volume rose by 153 percent on 30 August 2018. However majority of them are settled intraday. It Indicates bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 109.

BHARATFIN weakened by 1.73% and finished at Rs. 1142.7. Trading volume increased by 225 percent. Noticeably 85% of the trades are taken for delivery. It gives an impression of bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 1231.


Updated 4:30 pm

Closing Bell: The NSE NIFTY 50 Index fell 0.13 percent to settle at 11676.80 on Tursday. Indian Equity benchmark NIFTY ell for second straight day and ended marginally lower as gains in FMCG and Pharma stocks were offset by losses in Financial stocks due to expiry of August derivatives contracts at the end of the session.

Among sector gauges compiled by NSE NIFTY FIN SERVICE, NIFTY AUTO and NIFTY PVT BANK ended as top losers. On the flipside, NIFTY FMCG, NIFTY PHARMA and NIFTY REALTY ended as top gainers.

From the NIFTY50 basket of shares EICHERMOT, BAJFINANCE, HINDPETRO, INDUSINDBK and MARUTI ended as top losers while SUNPHARMA, GAIL, TATASTEEL, NTPC and UPL are top gainers.


updated 2:07 am

ITI Limited – New Order

  • ITI Limited has informed the Exchange that ITI has received an Advance Work Order (AWO) from BSNL for the Operation and Maintenance and Sales & Marketing of the Passive Infrastructure of 6945 BTS sites of BSNL’s GSM network in UP East, UP West, Uttarkhand and Tamilnadu Circles. The AWO value (at provisional rates) is Rs.6633.56 crores inclusive of taxes. The order is for a period of 10 years. ‘.

Updated 2:00 am

Tata Power Company Limited

  • Tata Power Company Limited has informed the Exchange regarding a press release dated August 30, 2018, titled “Tata Power is going to do World’s largest solar rooftop installation on a cricket stadium, at Cricket Club of India, Mumbai through its Solar arm”.

Updated 11:25 am

Financial Stocks Lose Ground

Eight Out of 12 NSE sectors were trading higher led by gain in Pharmaceutical and Metal sectors. On the flip-side, Banking sector is the top loser.


Updated 10:45 am

Tata Consultancy Services Limited – Share Buyback

  • Tata Consultancy Services Limited has informed the Exchange regarding Updates regarding the buyback upto 7,61,90,476 (Seven crore sixty one lakh ninety thousand four hundred seventy six) fully paid-up Equity Shares of the Company.


Updated 9:15 am

Top News Of The Day

Amazon’s Shopping List Extends

  • Amazon is in the early stage of taking with Spencer’s group company to take a minority share in the company.

India’s Fiscal Deficit May Widen

  • Moody’s says that India’s fiscal target of 3.3% of GDP may take a hit due to raise in the oil prices globally.

Almost All Demonetised Currency Is Back

  • RBI report states that it has received notes worth Rs 15.31 lakh crores which represents 99.4% of the demonetised currency

Updated 9:10 am

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