Daily share market roundup

NIFTY tumbled 250 points a day after Budget 2018-19. The 50-share NSE index NIFTY tumble 2.33% to settle at 10760.60 posting their biggest fall in nearly 15 months on Friday. The market breadth is extremely negative as bears took control of the markets from the opening bell but selling pressure increased more towards the final hour of trade which pushed the benchmark index further. The wider Nifty registered worst fall since demonetization week a day after budget as Long-term capital gains tax on equities is not welcomed by the investors. This week sentiment is dampened mainly by the Union Budget 2018-2019 and the upward revision to the fiscal deficit target, snapping the best weekly run in nearly eight years.

Looking overseas, European markets trading broadly lower after Asian markets which finished mixed on Friday. The global equity markets are were set to post their biggest weekly drop since late 2016 on Friday as fears of a pickup in inflation and rising bond yields spoiled the optimism rose after last year’s broad rallies.

Ten out of eleven sector gauges compiled by the NSE ended lower led by NIFTY REALTY, NIFTY AUTO, NIFTY FIN SERVICE, NIFTY BANK, NIFTY MEDIA and NIFTY METAL as top losers while NIFTY IT is the only sectoral gainer.

From the NIFTY 50 basket of shares, ULTRACEMCO, BAJFINANCE, BAJAJ-AUTO, GAIL, IBULHSGFIN, AXISBANK, HINDPETRO, and BHARTIARTL underperformed as top losers while INFRATEL, HCLTECH, TCS, INFY, and HINDUNILVR are only gainers.

Perfect list of stocks to watch on Monday Feb 5

TITAN: This stock is trading volume hiked by 233% with a majority of intraday trades. This stock is continuously sliding for3 days and settled at Rs.822.20. This stock is trading below its recent support zone and the Near-term resistance is seen around Rs.931.

PCJEWELLER: This stock plunged by 24.79% and ended at Rs.364.25 at last trading session. This stock trading volume inflated by 16 times with the majority of intraday trades. This stock is trading below its recent support zone as it is continuously scaling down for 4 days and the near term resistance is seen around Rs.594.

CANBK: This stock trading volume inflated by 170% with the majority of intraday trades. The intensity of the bears is indicated by the opening gap appeared in the daily chart on Friday. This stock is trading below its recent support zone as it is regularly sliding for5 days and the near term resistance is seen around Rs.377.

BEL: These stock trading volumes inflated by 121% with 57% of the trades are deliverable volume. This stock is trading below its recent support zone as it is steadily grinding lower levels for 3 days and the near term resistance is seen around Rs.184.

CEATLTD: This stock plunged by 12.6% and ended at Rs.1647.45 at last trading session. This stock trading volume inflated by 2 times with the majority of intraday trades. This stock is trading below its recent support zone as it is continuously scaling down for 4 days and the near term resistance is seen around Rs.2004.

DIVISLAB: This stock witnessed Star pattern on the daily chart at last trading session. These stock trading volumes inflated by 1.5 times with 62% of the trades are taken for delivery. This stock is trading below its recent support zone as it is continuously scaling down for 4 days and the near term resistance is seen around Rs.1128.

PFC: These stock trading volumes inflated by 119% with 55% of the trades are deliverable volume. This stock is trading below its recent support zone at Rs.110.95 and the near term resistance is seen around Rs.129.

JISLJALEQS: These stock trading volumes inflated by 129% with the majority of trades are intraday. This stock is trading below its recent support zone as it steadily breaking low for 4 days and the near term resistance is seen around Rs.148.

DHFL: These stock trading volumes inflated by 109% with the majority of trades are intraday. This stock is trading below its recent support zone and the near term resistance is seen around Rs.273.

DLF: These stock trading volumes inflated by 108% with the majority of trades are intraday. The strength of the bears is recognized by the today’s gap appeared in the daily chart. This stock is trading below its recent support zone and the near term resistance is seen around Rs.631.