Top 10 Stock Market insights from 15 March 2017


Stock Market Insights from 15 March 2017

  1. HEROMOTOCO witnessed Bullish Engulfing pattern on daily chart. Volume rose by 107 percent. Surprisingly 77% of the trades are deliverable volume. It is likely to witness positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 9.95 %. The support level is 3076.5 and resistance level is 3338.4.
  2. JINDALSTEL weakened by 1.52% and closed at Rs.122.95. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.68 %. The technical indicator RSI indicates overbought scenario.The support level is 88.7 and resistance level is 129.2.
  3. CEATLTD volume inflated by 221 percent in last session. But numerous trades were intraday trades. It is heading for positive breakout. The aggressive nature of buyers is visible through the opening gap.The support level is 1092.3 and resistance level is 1199.6.
  4. SRTRANSFIN surged by 5.39% and settled at Rs.1068.2. Meanwhile it posted significant margin on a weekly basis. Trading volume inflated by 115 percent on Wednesday. It Indicates bullish trend formation. The support level is 907.2 and resistance level is 979.9.
  5. CENTURYTEX surged by 4.82% and closed at Rs.1019.95. Meanwhile it posted significant margin on a weekly basis. Trading volume spiked by 196 percent on 15 March 2017. It signals bullish trend formation. The support level is 899.7 and resistance level is 962.4.
  6. APOLLOTYRE surged by 4.3% and settled at Rs.194.1. Meanwhile it posted significant margin on a weekly basis. Trading volume rose by 330 percent on 15 March 2017. There could be bullish trend formation. The support level is 174.8 and resistance level is 188.6.
  7. TCS declined by 2.7% and settled at Rs.2498.3. It witnessed Bearish Engulfing pattern on daily chart. Trading is one among the top traded stocks. Interestingly 69% of the trades gone for delivery. The support level is 2391.6 and resistance level is 2548.4.
  8. HINDUNILVR fell by 1.45% and ended at Rs.900.5. Derivative traders were aggressive in adding short positions. Open interest gained by 2.84 %. The technical indicator RSI signals overbought scenario.The support level is 843.5 and resistance level is 888.4.
  9. MRF surged by 7.27% and closed at Rs.56836.6. Meanwhile it posted significant margin on a weekly basis. Trading volume rose by 736 percent on 15 March 2017. It is heading for bullish breakout. The support level is 49755.5 and resistance level is 53027.3.
  10. ICIL surged by 7.01% and closed at Rs.189.2. Meanwhile it posted significant margin on a weekly basis. Trading volume hiked by 589 percent on Wednesday. It is heading for positive breakout. The support level is 159 and resistance level is 175.7.
Summary
Stock Market Insights from 15 March 2017
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Stock Market Insights from 15 March 2017
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HEROMOTOCO witnessed Bullish Engulfing pattern on daily chart. Volume rose by 107 percent. Surprisingly 77% of the trades are deliverable volume. It is likely to witness positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 9.95 %.
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