Nifty end slightly higher after lackluster session


How well the EQSIS recommendations performed today 07 March?

1. EQSIS Intra: Long JUBLFOOD above 1361 Target 1373.9 Stop below 1350.5 CMP 1357

Status: Not Initiated

2. EQSIS Intra: Long RELIANCE above 1280 Target 1289.9 Stop below 1272 CMP 1276

Status: Not Initiated


6:13:36 PM

Top Stocks To Watch On Friday 8 March 2019

PNB gained by 3.7% and finished at Rs. 85.45. Meantime it reported a considerable margin in last five session. Trading volume rose by 103 percent at last session. However largely the volumes are intraday in nature. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 69.

TATAELXSI witnessed Star pattern on daily chart. TATAELXSI volume spiked by 753 percent on 7 March 2019. But majority of them are intraday in nature. It gives an impression of aggressive sellingIt is steadily advancing for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 849.

TATAPOWER witnessed Bearish Piercing pattern on daily chart. TATAPOWER volume increased by 73 percent at last trading day. But numerous trades were intraday trades. The strength of the sellers is indicated by the unfilled gap.It is steadily climbing for 4 days. It is oscillating nearer to its resistance zone of 71.

ONGC volume spiked by 75 percent on Thursday. Interestingly 81% of the trades are deliverable volume. Derivative traders were aggressive in adding short positions. Open interest gained by 9.6 %. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 153.

LT Increase by 2.69% and to close at Rs.1352.4. Trading volume increased by 72 percent on Thursday. Surprisingly 58% of the trades are taken for delivery. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1220.

RAYMOND volume rose by 54 percent at last session. Yet majority of them are settled intraday. It suggest for aggressive sellingIt is steadily rising for 4 days. This stock is currently settled above the recent resistance zone. We see short term support around 662.

DHFL plunged by 4.81% and closed at Rs.141.6. It witnessed Bearish Engulfing pattern on daily chart. Trading volume inflated by 64 percent at last trading day. However majority of them are settled intraday. It is oscillating nearer to its resistance zone of 146.

BANKBARODA Increase by 2.77% and finished at Rs. 115.2. Trading volume increased by 88 percent at last trading day. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 99.

HDFCBANK is one among the top traded stocks. Impressively 65% of the trades are taken for delivery. Derivative traders were aggressive in adding long positions. Open interest gained by 6.75 %. It is oscillating nearer to its resistance zone of 2147.

CENTURYTEX volume spiked by 108 percent on 7 March 2019. Yet largely the volumes are settled intraday. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 712.

ORIENTBANK climbed by 1.91% and finished at Rs. 96.25. At the same time it registered an exceptional percent over a recent days. This stock is currently settled above the recent resistance zone. We see short term support around 79.

AMBUJACEM witnessed Star pattern on daily chart. AMBUJACEM volume rose by 141 percent at last trading day. Surprisingly 70% of the trades gone for delivery. It is oscillating nearer to its resistance zone of 222.


5:10:02 PM

Closing Bell: Nifty end slightly higher after lacklustre session

The broader Nifty closed 5 points higher at 11,058. Indian equity index Nifty ended slightly higher on Thursday after a choppy session, as rising rupee and falling crude prices. Gains in State Bank of India, Larsen & Toubro and ITC Limited boosted indices, while weakness in Infosys, Wipro and Sun pharma capped gains.

NSE Sector Performance


2:19:01 PM

Market Update: Nifty off days low, currently trading range bound

The Indian benchmark index Nifty has pulled back from the low point of the day on Tuesday with Nifty currently trading 29 points higher at 11082 after hitting an intraday low of 11,027. Good buying was observed in PSU bank and FMCG sectors, while selling pressure was seen in metal, media, and IT sectors.


9:46:56 AM

Morning Update: Nifty holds 11,050 level; Metal stocks melt

The benchmark index Nifty were trading 8 points higher at 11,059 on Thursday. Benchmark equity index Nifty were trading tepid note in the morning session, tracking mixed global cues. Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, banking and finance, while some buying is seen in the realty, FMCG and Pharma.


9:29:33 AM

FII & DII  Deets

Foreign Institutional Investors (FIIs) sold shares worth Rs 1869.56 crore and Domestic Institutional Investors bought Rs 878.45  crore worth of shares in the Indian equity market on March 6.


9:27:02 AM

Top News Of The Day

USFDA Chief Exit May  Impact Indian Pharma

  • The abrupt exit of the US FDA commissioner Scott Gottlieb after a nearly 2-year stint under the Trump administration throws Indian pharma into uncertainty in generics drug pricing, pace of approvals and regulatory inspections. 

Exim Bank Raises Money

  • The Export-Import Bank of India (Exim Bank) Wednesday said it has raised USD 500 million by issuing bonds, and the proceeds will be used to fund projects.

9:21:51 AM

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