NIFTY fell for the third day in a row; holds 10,600-mark


Updated 7:10 pm

How well the EQSIS recommendations performed today 06 December?

Market Sentiment: We concluded the market sentiment as bearish as NIFTY was trading broadly lower in the opening hour of trade.

1. EQSIS Intra: Short MARUTI below 7367 Target 7307 Stop above 7415 CMP 7375

This call was given in the morning as index was seen under-performing well along with auto sector

Result: Ignored

This call was ignored because this call had no time to execute.

2. EQSIS Intra: Short HAVELLS below 674 Target 667.8 Stop above 679 CMP 675

This call was picked as this stocks was seen under-performing well along with surge in volume.

Result: Stoploss

This call struck in the volatility and triggered the stoploss.

3. EQSIS Intra: Short OIL below 180.5 Target 178.5 Stop above 182.1 CMP 180.75

This call was picked as this stocks was seen under-performing well along with surge in volume.

Result: No Gain/No Loss

This call was initiated but lacked momentum to grind lower and ended at the entry level.


Updated 7:00 pm

Top Stocks To Watch On Friday 06 December 2018

CENTURYTEX plunged by 5.67% and settled at Rs.853.35. Trading volume increased by 68 percent on 6 December 2018. Yet majority of them are settled intraday. It is likely to witness bearish breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 4.44 %. It is steadily grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 925.

SUNPHARMA climbed by 1.74% and ended at Rs.420.15. . It did rise in the last trading session, but fell by a significant margin on a weekly basis. Trading volume increased by 131 percent on 6 December 2018. The technical indicator RSI signals oversold scenario.It is trading below its recent support zone. The Near term resistance is seen around 594.

SUNTV Increase by 2.94% and ended at Rs.590.7. It witnessed Bullish Engulfing pattern on daily chart. Trading volume rose by 71 percent at last session. However numerous trades were intraday trades. Currently it is trading around the lower range of its price band. The crucial support zone is around 582.

MARUTI plunged by 4.56% and finished at Rs. 7209.7. Trading volume hiked by 73 percent on Thursday. Derivative traders were aggressive in adding short positions. Open interest gained by 4.67 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 7050.

AUROPHARMA plunged by 5.53% and ended at Rs.752.35. Trading volume spiked by 77 percent at last session. However most of the trades are settled intraday. It gives an impression of negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 823.

NCC plunged by 7.04% and closed at Rs.77.95. Trading volume rose by 181 percent at last session. Yet largely the volumes are settled intraday. It is likely to witness negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 91.

MINDTREE witnessed Star pattern on daily chart. MINDTREE volume inflated by 185 percent on 6 December 2018. But numerous trades were settled intraday. It is trading inside the trading range. The Support is seen around 817 and resistance is seen around 890.

TATASTEEL is one among the top traded stocks. However largely the volumes are intraday trades. It Indicates It is frequently grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 596.

M&MFIN plunged by 4.72% and closed at Rs.400.85. Trading volume hiked by 107 percent at last trading day. It is likely to witness negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 452.

JUSTDIAL volume increased by 90 percent on Thursday. Yet largely the volumes are intraday in nature. It gives an impression of bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 516.

TATAMTRDVR volume rose by 43 percent on 6 December 2018. It suggest for The strength of the sellers is visible through the todays gap.It is trading below its recent support zone. The Near term resistance is seen around 106.

RELINFRA volume hiked by 44 percent at last session. But most of the trades are intraday trades. It signals It is trading below its recent support zone. The Near term resistance is seen around 368.


Updated 5:00 pm

Closing Bell: The Nifty 50 index fell 181.70 points to settle at 10,601.20 on Thursday. The Benchmark indices Nifty fell for the third consecutive session, losing nearly 1.7 percent after IT and Pharma stocks  came under heavy selling pressure on Bank Nifty expiry day. The weak Indian rupee, negative global cues and tensions over state elections results weighted on investors sentiment. 

On NSE, all the sub-indices closed in red with Nifty Metal cracking the most, down as much as 2.40 per cent. From the list of NIFTY50 stocks Reliance Industries, HDFC, Maruti Suzuki, Infosys, Kotak Mahindra Bank and SBI were among the biggest losers while only 4 stocks ended in the green.

Global Market: European markets are sharply lower today tracking Asian markets which closed lower on December 06, led by fall in technology stocks, following the arrest of a senior official at Chinese telecom equipment maker Huawei that could destruct progress in China-US trade talks.


Updated 1:50 pm

Info Edge (India) Limited

  • Info Edge (India) Limited has informed the Exchange that the Company has entered into an agreement to invest, through its wholly-owned subsidiary, about Rs. 13.40 Cr. in Shop Kirana E Trading Private Ltd.

Updated 11:55 am

Cords Cable Industries Limited

  • Cords Cable Industries Limited has informed the Exchange regarding a press release dated December 06, 2018, titled “Cords Cable Industries Limited  have been  approved as vendor for Raipur Development Authority”.

Updated 10:25 am

Market Update: Nifty dives over 120 points following global market sentiment

Nifty down 120 points were trading at 10,658.80. NSE Nifty fell below 10,700 in early trade on Thursday on heavy selloff in metal and oil stocks ahead of the OPEC meeting to discuss production policy.

On NSE, all the sub-indices were in red with Nifty Metal losing the most, down as much as 2.26 per cent. About 271 shares have advanced, 1180 shares declined, and 87 shares are unchanged. The list of stocks, JSW Steel, Yes Bank, Cipla, DLF, were trading lower. While Infosys, REC, Jet Airways and Sun Pharma were trading higher.

Global Market

Asian markets slipped during morning trade, continuing a decline in markets worldwide ahead of a closely watched meeting by the organization of the Petroleum Exporting Countries (OPEC). The U.S stock markets were closed on Wednesday in honor of former president George H.W.Bush.


Updated 10:20 am

Rupee opened lower by 33 paise

Rupee opened on a weak note on Thursday at 70.70 against the US dollar. The home currency had closed at 70.46 on Wednesday.


Updated 10:16 am

Sonata Software Limited

  • Sonata Software Limited has informed the Exchange that the Company, has entered into a definitive agreement on December 5, 2018 with Scalable Data Systems Pty Ltd (hereinafter referred to as “Scalable”) and its shareholder to acquire 100% stake in Scalable, an Australian Company.

Updated 9:20 am

Top News Of The Day

RBI holds rates

  • The Reserve Bank of India left interest rates and monetary policy stance unchanged but lowered retail price forecast, kindling hopes of a rate cut if inflation stays in future.

Oilmeals export falls

  • Oilmeals export falls by 16 per cent in November. The overall export during April to November 2018 is reported at 2,043,282 tons compared to 1,855,558 tons during the same period of last year which is up by 10% .

RBI moves to boost digital transactions 

  • With digital transactions gaining currency, the Reserve Bank of India (RBI) has announced customer-protection measures to promote and improve confidence in the channel that would help India achieve its objective of nudging the country to a ‘less-cash’ economy. 

Updated 9:15 am

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