Nifty nearly 1% lower as indices join global sell-off


How well the EQSIS recommendations performed today 6 May?

1. EQSIS Intra: Long WIPRO above 294 Target 297.1 Stop below 291.5 CMP 293

Status: Not Initiated

2. EQSIS Intra: Short HDFC below 1970 Target 1952.5 Stop above 1984 CMP 1972

Status: Positive


6:22:21 PM

Top Stocks To Watch On Tuesday 7 May 2019

MOTHERSUMI plunged by 5.65% and finished at Rs. 133.6. Trading volume hiked by 78 percent on 6 May 2019. It suggest for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 6.45 %. It is continuously grinding lowere levels for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 159.

MINDTREE rose by 1.19% and to close at Rs.981.75. Trading volume spiked by 125 percent at last session. Moreover 81% of the trades are taken for delivery. Derivative traders were aggressive in exiting short positions. Open interest reduced by 8.03 %. It is steadily breaking low for 3 days. It is oscillating nearer to its resistance zone of 990.

BPCL Increase by 2.52% and finished at Rs. 390.35. At the same time it reported a considerable returns on the weekly basis. Derivative traders were aggressive in adding long positions. Open interest gained by 11.16 %. This stock is currently settled above the recent resistance zone. We see short term support around 341.

CADILAHC volume rose by 299 percent at last trading day. The firmness of the sellers is evident from the unfilled gap.The technical indicator RSI indicates oversold scenario.It is continuously breaking low for 4 days. It is trading below its recent support zone. The Near term resistance is seen around 349.

HINDPETRO advanced by 2.17% and closed at Rs.292.25. Also it secured an exceptional margin over a recent days. Derivative traders were aggressive in adding long positions. Open interest surged by 11.55 %. This stock is currently settled above the recent resistance zone. We see short term support around 249.

TITAN plunged by 5.43% and closed at Rs.1082.85. Trading volume hiked by 132 percent on Monday. It Indicates bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 7.69 %. It is trading below its recent support zone. The Near term resistance is seen around 1159.

RAYMOND surged by 6.02% and ended at Rs.806.05. Trading volume rose by 388 percent. Yet most of the trades are settled intraday. Derivative traders were aggressive in exiting short positions. Open interest reduced by 10.59 %. It is oscillating nearer to its resistance zone of 824.

MARICO plunged by 4.62% and closed at Rs.339.6. Trading volume inflated by 75 percent at last trading day. It suggest for negative breakout. It is continuously scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 368.

TCS rose by 1.21% and ended at Rs.2157.85. It is the most active stock. Derivative traders were aggressive in exiting short positions. Open interest reduced by 1.57 %. It is continuously scaling down for 3 days. It is oscillating nearer to its resistance zone of 2235.

PVR volume inflated by 64 percent on 6 May 2019. It gives an impression of bullish trend formation. The momentum of the bears is acknowledged by the opening gap.This stock is currently settled above the recent resistance zone. We see short term support around 1640.

LICHSGFIN volume spiked by 177 percent on Monday. The intensity of the sellers is indicated by the unfilled gap.It is continuously grinding lowere levels for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 552.

STAR plunged by 5.57% and ended at Rs.456.45. Trading volume rose by 240 percent. But largely the volumes are intraday trades. It is heading for bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 505.

 


4:34:17 PM

Closing Bell: Nifty nearly 1% lower as indices join global sell-off

The 50-stock Nifty crashed 114 points to 11,598 levels on Monday. Domestic equity index nifty closed lower by nearly a percent amid global sell-off, as US-China trade concerns resurfaced.

All the sectoral indices, except IT, ended in negative territory, with Nifty Metal and media losing more than 2 percent each respectively followed by Auto, realty, and banking indices also fell over 1 percent each.

Nifty Top Gainers/Losers


1:44:45 PM

Market Update: Nifty trade with negative bias

Indian equity index nifty is witnessing sideways consolidation after trending lower in early morning trade. The Nifty was trading 117 points lower at 10,594. Among sectoral indices, Nifty Metal is the worst performing index, down 2% followed by auto and banking stocks.


10:01:59 AM

Morning Update: Nifty stocks fall as US-China trade tension escalates

The wider 50-scrip Nifty of the National Stock Exchange (NSE) traded 89 points lower at 11,622 points. Domestic equity index nifty were trading on a lower note tracking a selloff in other global markets after US President Donald Trump vowed to hike tariffs on China. All the sectoral indices are trading red led by metal, IT, infra, bank, auto, pharma and FMCG. Meanwhile, IT stocks like Wipro and Tech Mahindra was gained on a weaker rupee.

Market breadth was negative with 463 stocks trading higher compared to 1063 falling on NSE.


9:41:55 AM

FII & DII data

Foreign Institutional Investors (FIIs) bought shares worth Rs 545.03 crore while Domestic Institutional Investors (DIIs) bought Rs 57.07  crore worth of shares in the Indian equity market on 3 May.


9:40:46 AM

Nifty Results To Watch

  • Bharti Airtel
  • ICICI Bank
  • Marico

9:19:13 AM

Earnings Reaction To Watch

HUL LTD

  • Total revenue grew to Rs 10063 crores in Q4 FY19, an increase from Rs 9197 crores in Q4 FY18.
  • Net profit after tax to Rs 1538 crores in Q4 FY19, a decrease from Rs 1351 crores in Q4 FY18.
  • Earnings per share to Rs 7.1 in Q4 FY19, a decrease from Rs 6.2 in Q4 FY18.

9:19:00 AM

Top News Of The Day

Trade War Re-begins

  • US President Donald Trump announced Sunday that the United States would raise tariffs on USD 200 billion of Chinese goods to 25 per cent this week, because trade talks are moving too slowly. 

FPI Are Net Sellers In Market

  • Foreign investors pulled out a net Rs 1,255 crore from the domestic capital markets in just two trading sessions in May after remaining net buyers for the previous three months.

9:15:59 AM

Good Morning

Welcome to the live coverage of all the Intraday actions. Track this space for all the news, views and updates from the market.

By | 2019-05-06T19:00:30+05:30 May 6th, 2019|Categories: Closing Trades, Intraday Stock Update|0 Comments

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Live Indian Market Intraday Updates on 6 May 2019

Nifty nearly 1% lower as indices join global sell-off How well the EQSIS recommendations performed today 6 May? 1. EQSIS Intra: Long WIPRO above 294 Target 297.1 Stop below 291.5 CMP 293 Status: Not Initiated 2. EQSIS Intra: Short HDFC below 1970 Target 1952.5 Stop above 1984 CMP 1972 Status: Positive 6:22:21 PM Top Stocks