What happened at the Indian Stock Market today?

NIFTY losing streak back on track. The 50-share NSE index NIFTY fell 0.17% to settle at 10360.40 on Tuesday. The benchmark index NIFTY ended lower for the third straight day, after a volatile trading session as investors sentiment dampened by sustained foreign fund outflows, weak global cues and sharp correction in the rupee that fell to hit a three-month low against the U.S. dollar. Now investors will look on to the stable market as recovery seen in State-run lenders today after sharp declines following the Rs.11,400 crore fraud disclosed by Punjab National Bank (PNB) last week.

Looking overseas, European markets trading mixed in line with Asian markets which finished mixed on Tuesday. The global equity markets are trading in the lackluster mood as stocks struggled for directions due to lack of cues from the U.S. markets which were shut on the account of Presidents day holiday.

Among sector gauges compiled by the NSE, NIFTY METAL, NIFTY PSU BANK and NIFTY MEDIA excelled as top sectoral gainers while NIFTY PVT BANK, NIFTY BANK, NIFTY FIN SERVICE and NIFTY REALTY are top sectoral losers.

From the NIFTY 50 basket of shares, AMBUJACEM, VEDL, COALINDIA, and INFRATEL outperformed as top gainers while M&M, AXISBANK, KOTAKBANK, and AUROPHARMA are top losers.

Top 10 shares for stock trading tomorrow 21 Feb

VOLTAS: This stock slipped by 3.05% and to close at Rs.557.7 at last trading session. Derivative traders were aggressive in adding short positions and the Open interest increased by 21.6 %. This stock is trading below its recent support zone as it regularly breaking low for 3 days.

BANKINDIA: This stock gained by 3.6% and ended at Rs.129.5 at last trading session. This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is trading below its recent support zone and the near term resistance is seen around Rs.173.

SYNDIBANK: This stock witnessed Bullish Engulfing pattern on the daily chart as it surged 5.13% at last trading session. This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is trading below its recent support zone and the near term resistance is seen around Rs.82.

FEDERALBNK: This stock weakened by 1.97% and ended at Rs.91.85 at last trading session. Derivative traders were aggressive in adding short positions and the Open interest increased by 6.44%. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.90.

ARVIND: This stock gained by 3.58% and closed at Rs.396.25 on Tuesday. This stock trading volume rose by 114% with numerous intraday trades. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.371.

COALINDIA: This stock trading volume inflated by 98% with 65% of the trades is delivery trades. This stock is currently settled above the recent resistance zone and the short term support zone is around Rs.282.

ALBK: This stock witnessed Bullish Engulfing pattern on the daily chart at last trading session. This stock trading volume rose 1.5 times with numerous intraday trades. This stock is trading below its recent support zone and the near term resistance is seen around Rs.73.

CANBK: This stock trading volume inflated by 36% with numerous intraday trades at last trading session. This stock trading around the lower range of its price band and the crucial support zone is around Rs.297.

CONCOR: This stock trading volume inflated by 63% with 86% of the trades is delivery trades. This stock is currently settled below its recent support zone and the near term resistance is around Rs.1489.

ORIENTBANK: This stock trading volume inflated by 19% with numerous intraday trades at last trading session. This stock trading around the lower range of its price band and the crucial support zone is around Rs.102.