NIFTY ends little changed ahead of June quarter GDP report due after market hours


Updated 7:30 pm

How well the EQSIS recommendations performed today 31 August?

Market Sentiment: We concluded the market sentiment as volatile as market opened lower from the previous closing.

1. EQSIS Intra: Long SUNPHARMA above 655 Target 659 Stop below 651 CMP 652

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

Result: Stop Loss

This call was initiated as expected but lacked momentum to grind higher and triggered the stop loss.

2. EQSIS Intra: Long TECHM above 751 Target 757.5 Stop below 744.5 CMP 749

This call was given in the morning as this stock was testing new highs.

Result: Target

This call was initiated as expected to acheive the target.

3. EQSIS Intra: Short BANKBARODA below 148 Target 146.75 Stop above 149.25 CMP 148.5

This call was given as this stock was seen under-performing along with good liquidity.

Result: Stop Loss

This call triggered the stop loss as this stock struck in the trend reversal.

4. EQSIS Intra: Long AUROPHARMA above 717 Target 723 Stop below 711 CMP 716

This call was given in the afternoon as this stock was performing well along with Pharma sector.

Result: Stop Loss

This call was initiated as expected but lacked momentum to grind higher and triggered the stop loss.


Updated 7:00 pm

Top Stocks TO Watch On Monday 3 September

YESBANK plunged by 5.04% and to close at Rs.343.5. Also it maintained an exceptional decline in last five session. It witnessed Star pattern on daily chart. Trading volume increased by 343 percent. The aggressive nature of sellers is recognized by the opening gap.It is regularly breaking low for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 397.

PETRONET strengthen by 3.33% and ended at Rs.248.05. Trading volume spiked by 148 percent on Friday. Moreover 62% of the trades gone for delivery. It is heading for bullish breakout. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.09 %. This stock is currently settled above the recent resistance zone. We see short term support around 218.

HDFCBANK is one among the top traded stocks. Impressively 81% of the trades are taken for delivery. It gives an impression of Derivative traders were aggressive in unwinding long positions. Open interest reduced by 2.15 %. It is continuously sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 2154.

DRREDDY surged by 4.7% and to close at Rs.2492. Trading volume increased by 159 percent at last trading day. There is an evidence of bullish breakout. Derivative traders were aggressive in adding long positions. Open interest increased by 5.68 %. This stock is currently settled above the recent resistance zone. We see short term support around 2185.

IDEA volume inflated by 287 percent. There is an evidence of bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 9.07 %. The intensity of the sellers is visible through the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 57.

BEL witnessed Star pattern on daily chart. BEL volume hiked by 137 percent at last trading day. There could be negative breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 10.78 %. It is trading below its recent support zone. The Near term resistance is seen around 123.

WIPRO witnessed Star pattern on daily chart. WIPRO volume rose by 145 percent at last trading day. Impressively 65% of the trades are deliverable volume. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 274.

OFSS volume inflated by 242 percent on 31 August 2018. Surprisingly 71% of the trades are deliverable volume. It signals bullish breakout. The firmness of the bears is indicated by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 3842.

LUPIN surged by 4.23% and settled at Rs.931.45. Trading volume hiked by 142 percent at last trading day. But numerous trades were intraday in nature. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 807.

BOSCHLTD witnessed Star pattern on daily chart. BOSCHLTD volume hiked by 149 percent at last trading day. It gives an impression of aggressive sellingIt is regularly climbing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 18621.

RELINFRA volume spiked by 115 percent on 31 August 2018. But numerous trades were intraday in nature. It is heading for positive breakout. It is continuously rising for 5 days. This stock is currently settled above the recent resistance zone. We see short term support around 388.

AUROPHARMA gained by 3.75% and closed at Rs.712.75. It is listed in top traded counters. It gives an impression of bullish trend formation. It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 596.

 


Updated 4:45 pm

Closing Bell: The NSE NIFTY 50 Index little changed 0.03 percent to settle at 11680.50 on Tuesday. Indian Equity benchmark NIFTY ended little higher in the volatile trading session ahead of June quarter GDP report due after market hours. On a weekly basis, NIFTY rose for the sixth straight weel and clocked 1.07 percent gains.

Among sector gauges compile by NSE NIFTY PHARMA, NIFTY IT and NIFTY PSU BANK indexes ended as top gainers while NIFTY METAL, NIFTY MEDIA and NIFTY PVT BANK ended as top losers.

From the NIFTY50 basket of shares DRREDDY, TECHM, LUPIN, TATAMOTORS and HCLTECH ended as top gainers while YESBANK, RELIANCE, BAJAJFINSV, BAJFINANCE and M&M are top losers.


Updated 4:12 pm

Vascon Engineers Limited

  • Vascon Engineers Limited has informed the Exchange regarding ‘Bagging of New Work Order’.

Updated 2:10 pm

Market Update: The NSE Nifty 50 fell 0.10 percent to 11665.70 on Friday. Indian equity benchmark NIFTY extended losses for a third straight day in a volatile trading session ahead of June quarter GDP report due after market hours.

Eight out of 11 sectoral gauges compiled by NSE trading lower led by NIFTY MEDIA, NIFTY PSU BANK, NIFTY METAL, NIFTY REALTY and NIFTY FIN SERVICE indexes as top losers. on the other-side, NIFTY PHARMA and NIFTY IT indexes are the top gainers.

Global Market Check: European Markets opened lower on Friday tracking Asian markets which closed broadly lower after the report that Donald Trump wants to impose tariffs on US$200 billion of goods as early as next week.


Updated 11:00 am

Lupin Limited

  • Lupin Limited has informed the Exchange regarding a press release dated August 31, 2018, titled “Lupin receives FDA approval for generic Potassium Chloride Oral Solution USP”.

Updated 9:32 am

Rupee opens Lower

  • The Indian Rupee breached a 71 mark for the first time on Friday. It has opened at a fresh record low of 70.95 per dollar versus previous close 70.74.

Updated 9:15 am

Top News Of The Day

Kochha On Board

  • ICICI Bank, which hold 80% stake in ICICI securities voted in favour of Kochhar to stay in its board despite some opposition from advisory firms.

NCLT Approves Merger

  • NCLT has approved the merger of Idea-Vodafone cellular companies. This merger is seen has the strategic measure to combat the problems in telecom industry and for the strategic growth.

Oil  To Soar further

  • Oil to soar further as the demand and supply gap widens and India would face a huge headwind if it do not diversify its sources of supply.

Updated 9:10 am

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