Top 10 Stock Market Updates for 20 April 2017


1. POWERGRID surged by 4.37% and finished at Rs. 211.2. Trading volume hiked by 290 percent on 19 April 2017. Interestingly 60% of the trades are deliverable volume. It signals bullish breakout.
2. INDIACEM surged by 8.69% and to close at Rs.174.45. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 227 percent on Wednesday. It is on the verge of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 155.
3. JISLJALEQS surged by 8.5% and to close at Rs.107.9. Trading volume increased by 760 percent on 19 April 2017. But largely the volumes are settled intraday. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 92.
4. JINDALSTEL plunged by 5.06% and finished at Rs. 112.55. At the same time it reported a considerable weakness over recent days. Trading volume inflated by 109 percent. There could be bearish breakout. It is trading below its recent support zone.
5. SBIN drifted lower by 2.15% and settled at Rs.284.05. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 5.7 %. It is trading inside the trading range. The upward sloping trend line support seen around 275 – 280 zone.
6. HEXAWARE witnessed Bullish Engulfing pattern on daily chart. HEXAWARE volume increased by 83 percent on 19 April 2017 but numerous trades were intraday in nature.
7. TV18BRDCST slipped by 3.15% and finished at Rs. 41.5. Trading volume increased by 123 percent. Yet most of the trades are intraday in nature. It is heading for bearish breakout. It broke below its trend line.
8. AUROPHARMA dipped by 3.65% and settled at Rs.640.05. It sketching the descending triangle pattern on daily chart. It indicates bearish trend. However there are multiple support seen around 600 – 620 levels.
9. SUNTV surged by 5.35% and to close at Rs.843.45. Trading volume increased by 377 percent on Wednesday.
10. OFSS plunged by 5.61% and finished at Rs. 3556.6. It is likely to head lower levels. The strength of the bears is recognized by the opening gap. It is trading below its recent support zone. The Near term resistance is seen around 3650.

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Top 10 Stock Market Updates for 20 April 2017
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Top 10 Stock Market Updates for 20 April 2017
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INDIACEM surged by 8.69% and to close at Rs.174.45. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 227 percent on Wednesday. It is on the verge of bullish breakout.
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EQSIS
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