How was the NIFTY today?

NIFTY ended below 10,250 mark to hit the lowest level in 2018. The 50-share NSE index NIFTY fell 1.06% to finish at 10249.25 on Tuesday.The Indian benchmark index NIFTY was trading higher for the most part of the day and were heading for their first winning session in five but tumbled in the final hour of the trade to fell for fifth straight day hitting the lowest level in 2018. The investors’ Sentiment took a hit and banking stocks came under heavy selling pressure after reports surfaced that the Enforcement Directorate had sought meetings with 31 banks as part of the probe into the $2 billion fraud at Punjab National Bank.

Looking overseas, European markets trading higher tracking Asian markets which finished broadly higher on Tuesday. The Global equity markets rebounded from near three-week lows as concerns eased over U.S. President Donald Trump’s plan to impose tariffs on steel and aluminum imports.

Ten out of eleven sector gauges compiled by the NSE ended lower led by NIFTY PSU BANK, NIFTY REALTY, NIFTY BANK, NIFTY AUTO, NIFTY PVT BANK and NIFTY FIN SERVICE as top losers. On the other side, NIFTY MEDIA is the only gainers.

From the NIFTY 50 basket of shares, SUNPHARMA, SBIN, ICICIBANK, UPL, M&M, and BHARTIARTL underperformed as top losers while BPCL, ULTRACEMCO, INDUSINDBK, CIPLA, and ZEEL are top gainers.

Top 10 shares to buy tomorrow on Wednesday 7 March

BOSCHLTD: This stock trading volume hiked by 54% with 65% of the trades is deliverable volume at last trading session. This stock is currently trading below its recent support zone as it is regularly grinding lower levels for 4 days and the near term resistance is seen around Rs.19812.

AXISBANK: This stock trading volume hiked by 75% with 56% of the trades is deliverable volume at last trading session. This stock is currently trading below its recent support zone and the near term resistance is seen around Rs.578.

INDUSINDBK: This stock rose by 1.25% and finished at Rs. 1710.3 on Monday. The firmness of the bears is indicated by the today’s gap on the back of 66% deliverable volume. This stock is oscillating nearer to its resistance zone of Rs.1731.

JPASSOCIAT: This stock plunged by 5.29% and ended at Rs.16.1 on Tuesday. This stock registered a remarkable loss in last five sessions as it regularly breaking low for 3 days. This stock is trading below its recent support zone and the near term resistance is seen around Rs.20.

GLENMARK: This stock climbed by 1.7% and settled at Rs.560.8 on Tuesday. The firmness of the bears is indicated by the today’s gap appeared in the daily chart. This stock is trading inside the trading range and the support is seen around Rs.520 and resistance is seen around Rs.589.

BEML: This stock plunged by 7.43% and finished at Rs. 1259.25 on Tuesday. This stock trading volume hiked 2.5 times with the majority of intraday trades. This stock is currently trading inside the trading range and the support is seen around Rs.1176 and resistance is seen around Rs.1393.

M&M: This stock plunged by 2.66% and finished at Rs.719.90 on Tuesday. Derivative traders were aggressive in adding short positions and the Open interest increased by 2.75%. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.706.

CANBK: This is the most active stock as it maintained a considerable weakness in last five sessions. This stock plunged by 4.39% and to close at Rs.267.95 on Tuesday. This stock is trading below its recent support zone and the near term resistance is seen around Rs.329.

GODREJCP: This stock rose by 1.3% and settled at Rs.1089.25 on Tuesday. This stock trading volume hiked by 52% with a majority of intraday trades. This stock is currently settled above the recent resistance zone and the short term support is around Rs.1004.

MCDOWELL-N: This stock plunged by 5.08% and to close at Rs.3029.25 on Tuesday. This stock trading volume hiked by 1022% with a majority of intraday trades. This stock is currently is trading below its recent support zone and the near term resistance is seen around Rs.3334.

ZEEL: This stock rose by 1.39% and to close at Rs.559.5 on Tuesday. This stock trading volume hiked by 1.2 times with 58% of the trades gone for delivery. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.554.