Stock Market Insights from 10 March 2017


Stock Market Insights from 10 March 2017

  1. HINDZINC dropped by 2.42% and settled at Rs.284.15. Meanwhile it fell by a significant margin on a weekly basis. It is heading for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 7.22 %. The support level is 292.9 and resistance level is 321.
  2. JUBLFOOD climbed by 1.68% and settled at Rs.1073.6. Trading volume increased by 72 percent in last trading day. Yet most of the trades are intraday in nature. It Indicates positve breakout. The support level is 974.2 and resistance level is 1071.7.
  3. ICIL Increase by 2.73% and settled at Rs.175. Meanwhile it posted significant margin on a weekly basis. Trading volume rose by 114 percent on 10 March 2017. The support level is 159 and resistance level is 178.3.
  4. BOSCHLTD strengthen by 3.33% and closed at Rs.22761.15. Meanwhile it posted significant margin on a weekly basis. Trading volume spiked by 95 percent. The support level is 21189.2 and resistance level is 22926.9.
  5. UBL volume hiked by 47 percent on 10 March 2017. Furthermore 75% of the trades are deliverable volume. There is a evidence of bearish breakout. The support level is 771.2 and resistance level is 809.8.
  6. DCBBANK climbed by 1.52% and ended at Rs.159.95. Trading volume inflated by 128 percent on Friday. It gives an impression of positve breakout. The support level is 131.8 and resistance level is 158.7.
  7. JINDALSTEL surged by 6.13% and closed at Rs.125.5. Trading volume hiked by 77 percent on Friday. However majority of them are intraday trades. The support level is 88.3 and resistance level is 128.8.
  8. AMARAJABAT volume hiked by 89 percent on 10 March 2017. Noticeably 64% of the trades were taken for delivery. It signals bearish breakout. The support level is 831.8 and resistance level is 880.8.
  9. CUMMINSIND volume inflated by 31 percent in last trading day. Moreover 74% of the trades gone for delivery. It suggest for bearish trend. The support level is 861.3 and resistance level is 910.1.
  10. TATAGLOBAL declined by 2.63% and ended at Rs.137.1. It witnessed Bearish Engulfing pattern on daily chart. It signals bearish trend. The support level is 137.9 and resistance level is 146.3.

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Stock Market Insights from 10 March 2017
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Stock Market Insights from 10 March 2017
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Stock Market Insights from 10 March 2017- HINDZINC dropped by 2.42% and settled at Rs.284.15. Meanwhile it fell by a significant margin on a weekly basis. It is heading for bearish breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 7.22 %. The support level is 292.9 and resistance level is 321
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EQSIS
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