NIFTY Posts Best Gains In Over Two Weeks


Updated 6:10 pm

How well the EQSIS recommendations performed today 29 October?

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 1067 Target 1077 Stop below 1059 CMP 1065

This call was given in the morning as this stock was seen performing well with along with surge in volume.

Result: Target

This call was initiated as expected and achieved the target.

2. EQSIS Intra: Long SUNPHARMA above 573 Target 578.6 Stop below 568.5 CMP 572.5

This call was picked in the mid-afternoon as this stocks was seen performing well along with pharma sector.

Result: NO Gain/No Loss

This call was initiated and was seen grinding higher but struck in the volatility and ended above entry level.


Updated 6:05 pm

Top Stocks To Watch On Tuesday 30 October 2018

DIVISLAB surged by 14.68% and ended at Rs.1440.15. Trading volume hiked by 622 percent at last trading day. Yet numerous trades were intraday trades. There is an evidence of bullish breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 35.26 %. The momentum of the buyers is acknowledged by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 1229.

ADANIPOWER surged by 18.99% and to close at Rs.42.3. At the same time it recorded a considerable returns on the weekly basis. Trading volume increased by 247 percent at last trading day. However largely the volumes are settled intraday. It is heading for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 22.

ORIENTBANK surged by 13.12% and ended at Rs.74.6. Meanwhile it reported a remarkable percent on the weekly basis. Trading volume hiked by 172 percent. But most of the trades are intraday trades. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 58.

IBULHSGFIN surged by 12.82% and ended at Rs.771.55. Meanwhile it registered an exceptional margin in last five session. It is one among the top traded stocks. The technical indicator RSI indicates oversold scenario.It is trading inside the trading range. The Support is seen around 662 and resistance is seen around 992.

CANBK surged by 12.07% and finished at Rs. 238.2. Trading volume inflated by 103 percent on 29 October 2018. However most of the trades are intraday trades. Derivative traders were aggressive in adding long positions. Open interest increased by 16.22 %. It is oscillating nearer to its resistance zone of 239.

ICICIBANK surged by 10.69% and ended at Rs.349.4. Trading volume rose by 258 percent at last session. There could be bullish trend formation. The firmness of the buyers is visible through the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 299.

UNIONBANK surged by 12.15% and closed at Rs.69.7. Trading volume hiked by 142 percent. However majority of them are intraday in nature. Derivative traders were aggressive in exiting short positions. Open interest reduced by 6.15 %. It is oscillating nearer to its resistance zone of 72.

RCOM witnessed Bullish Engulfing pattern on daily chart. RCOM volume spiked by 89 percent on Monday. However most of the trades are intraday in nature. Currently it is trading around the lower range of its price band. The crucial support zone is around 10.


Updated 5:30 pm

Closing Bell: The NSE NIFTY 50 Index rose 2.20 percent to settle at 10250.85 on Monday. Indian Equity benchmark NIFTY snapped two day winning streak as it advanced more than 200 points in the first trading session of the week. The optimistic earnings result by ICICI Bank and positive global cues boosted investors sentiment in today’s trading session.

All sector gauges compiled by NSE ended higher led by NIFTY PSU BANK, NIFTY PHARMA, NIFTY REALTY, NIFTY MEDIA and NIFTY METAL ended as top gainers.

From the NIFTY50 basket of shares IBULHSGFIN, ICICIBANK, SBIN, ADANIPORTS and DRREDDY ended as top gainers while INDUSINDBK, EICHERMOT, KOTAKBANK, HDFCBANK and BHARTIARTL are top losers.