NIFTY managed to end with gains ahead of Diwali
Updated 5:55 pm
How well the EQSIS recommendations performed today 6 November?
Market Sentiment: We concluded the market sentiment as bullish as NIFTY was grinding higher in the opening hour of trade.
1. EQSIS Intra: Long RELIANCE above 1108 Target 1120.5 Stop below 1098 CMP 1107
This call was given in the morning as this stock was seen performing well along with Energy sector.
Result: Stop Loss
This call was was grinding higher as expected but unfortunately struck in the volatility and triggered the stop loss..
2. EQSIS Intra: Long BATAINDIA above 1026 Target 1039.1 Stop below 1015.5 CMP 1023
This call was picked in the morning as this stocks was seen performing well with surge in volume.
Result: Not Initiated
This call was not initiated as this stock struck in the trend reversal..
Updated 5:50 pm
Top Stocks To Watch On Friday 9 November 2018
CIPLA plunged by 5.73% and settled at Rs.530.8. At the same time it reported significant fall in last five session. Trading volume increased by 368 percent. There could be bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 24.48 %. It is frequently sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 649.
PCJEWELLER plunged by 11.9% and finished at Rs. 83.3. It witnessed Bearish Engulfing pattern on daily chart. Trading volume rose by 176 percent at last session. But majority of them are settled intraday. It is likely to witness resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 48.
GLENMARK surged by 4.2% and closed at Rs.657.5. Trading volume inflated by 256 percent at last session. There could be bullish breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 13.6 %. This stock is currently settled above the recent resistance zone. We see short term support around 581.
JETAIRWAYS witnessed Star pattern on daily chart. JETAIRWAYS volume hiked by 244 percent on 6 November 2018. However numerous trades were intraday in nature. It signals positive breakout. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 179.
YESBANK advanced by 2.07% and finished at Rs. 214.45. Additionally it maintained significant returns in last five session. It is listed in top traded counters. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 178 and resistance is seen around 257.
Updated 4:20 pm
Closing Bell: The NSE NIFTY 50 Index rose 0.06 percent to settle at 10530.00 on Tuesday. Indian Equity benchmark Nifty little changed in the volatile trading session ahead of Diwali. Indian markets will remain shut for next two days on account of “Diwali” and The ‘Muhurat’ trading, which is conducted on auspicious occasion of Diwali day 7th November 2018 will be held from 5:30 PM to 6:30 PM.
Among sector gauges compiled by NSE NIFTY MEDIA, NIFTY IT and NIFTY REALTY ended higher as top gainers while NIFTY PSU BANK, NIFTY FMCG and NIFTY BANK ended lower as top losers.
From the NIFTY50 basket of shares ZEEL, YESBANK, TCS, SUNPHARMA and TATAMOTORS ended as top gainers while CIPLA, SBIN, HINDPETRO, AXISBANK and AXISBANK are top losers.