What happened at the India Stocks Market today?

NIFTY resumed its record closing streak amid lackluster global markets. The 50-share NSE index NIFTY rose marginally higher by 0.18% to finish at record closing high of 10651.20 on Thursday. The wider NIFTY tested its fresh all-time high of 10664.60 as investors gained confidence over the corporate results. Now, if the corporate results are meet to the expectation then Indian market will be on a bull ride.

Looking overseas, European markets trading mixed on Thursday in line with the Asian markets which closed mixed as of the most recent closing prices in the last trading session. After a strong start to the year, worldwide equity markets faced the first two-day loss on Thursday as caution prevailed for the start of earnings season.

Ten out of eleven sector gauges compiled by the NSE ended higher led by NIFTY REALTY, NIFTY MEDIA and NIFTY IT as top gainers while NIFTY METAL edged lower as the only loser in today’s trade.

From the NIFTY 50 basket of shares, INFY, IBULHSGFIN, BHARTIARTL, and KOTAKBANK topped the table as top gainers while WIPRO, INDUSINDBK, and AMBUJACEM are the top losers.

Perfect list of stocks to watch tomorrow 12 Jan

IDFCBANK: This stock advanced by 8.38% to 5.5 times increased trading volume on Thursday. Derivative traders were aggressive in adding long positions and Open interest gained by 9.62% signaling for the bullish rally formation. This stock registered a considerable margin in weekly basis and currently settled above the recent resistance zone.

UNIONBANK: This stock dropped by 2.08% to 101% increased trading volume in that 62% of the trades are taken for delivery on Thursday. Derivative traders were aggressive in adding short positions and Open interest gained by 11.54% signaling for the bullish rally formation. This stock is trading below its recent support zone and the near term resistance is seen around Rs.153

UBL: This stock witnessed Bullish Engulfing pattern on daily on Thursday chart signaling for the bullish breakout in coming days. This stock volume inflated by 108% with a majority of trades intraday in nature. However, this stock surged by 4.22% to settle above the recent resistance zone at Rs.1178.1 and the short term support is around Rs.1010.

INFY: This stock trading volume spike 123% on 11 January 2018 in that 65% of trades are deliverable volume. This stock is heading for the further bullish rally as it is frequently climbing for 4 days. This stock is currently settled above the recent resistance zone and the short term support is around Rs.999.

CESC: This stock gained 3.55% to finish at Rs. 1177.2 with 2 times the increased trading volume on 11 January 2018. This stock is heading for the further bullish rally as it is continuously climbing for 7 days. This stock is currently settled above the recent resistance zone and the short term support is around Rs.995.

BHARTIARTL: This stock is the most active stock on Thursday and it is frequently sliding for4 days. Derivative traders were aggressive in adding long positions and Open interest gained by 3.4%. This stock is trading around the lower range of its price band and crucial support zone is seen around Rs.505.

JINDALSTEL: This stock volume inflated by 180% with the majority of trades intraday in nature. This stock likely to witness bullish rally as it surged by 3.45% to settle above the recent resistance zone at Rs.265.85 and the short term support is around Rs.163.

GRANULES: This stock surged 4.45% to 4.5times the inflated trading volume in that majority of trades intraday in nature at last trading day. This stock likely to witness bullish rally as it settled above the recent resistance zone at Rs.146.75 and the short term support is around Rs.125.

GODREJIND: This stock surged 3.99% to 4times the inflated trading volume, in that majority of trades intraday in nature on Thursday. This stock likely to witness bullish rally as it settled above the recent resistance zone at Rs.641.80 and the short term support is around Rs.585.