Top 12 Stock Market Updates for 27 April 2017


  1. MRF strengthen by 3.43% and to close at Rs.68850.55. Trading volume rose by 184 percent on 26 April 2017. But majority of them are settled intraday. It suggest for bullish breakout. It is continuously rising for 8 days. This stock is currently settled above the recent resistance zone. We see short term support around 58709.
  2. HINDPETRO plunged by 4.24% and closed at Rs.535.85. Trading volume spiked by 155 percent in last session. Impressively 76% of the trades were taken for delivery. It is trading inside the trading range. However it is expected to fall further to test its support of 500 – 520 levels.
  3. TVSMOTOR volume inflated by 156 percent on Wednesday. Moreover 57% of the trades are deliverable volume. It gives an impression of positive breakout. The strength of the buyers is evident from the unfilled gap.
  4. MARICO gained by 3.7% and ended at Rs.323.6. Trading volume inflated by 248 percent on Wednesday. Furthermore 60% of the trades were taken for delivery. There is an evidence of bullish trend formation.
  5. NIITTECH surged by 5.06% and ended at Rs.458.55. Trading volume hiked by 597 percent in last session. It was consolidating for last 8 months within the price band of Rs.400 to Rs.440. It suggest for positive breakout. This stock is currently settled above the recent resistance zone.
  6. ASIANPAINT witnessed Star pattern on daily chart. ASIANPAINT volume increased by 161 percent. It gives an impression of supply zone. It is continuously rising for 5 days. We see stock to head lower towards 1050 levels.
  7. BEML volume rose by 186 percent in last session. It signals bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 18.32 %. This stock is currently settled above the recent resistance zone. We see short term support around 1340.
  8. DLF slipped by 3.42% and to close at Rs.187.55. It witnessed Bearish Engulfing pattern on daily chart. It is the most active stock. There is an evidence of selling pressure. This stock is currently settled above the recent resistance zone. We see short term support around 147.
  9. CEATLTD surged by 6.31% and finished at Rs. 1555. Trading volume hiked by 268 percent. Yet most of the trades are intraday in nature. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1292.
  10. ITC strengthen by 3.41% and closed at Rs.290.9. It is the most active stock. Interestingly 64% of the trades were taken for delivery. There could be bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 271.
  11. ANDHRABANK gained by 3.89% and settled at Rs.64.1. It gives an impression of bullish trend formation. It witnessed breakout gap. This stock is currently settled above the recent resistance zone. We see short term support around 57.
  12. PNB gained by 3.76% and finished at Rs. 167.15. Trading volume increased by 148 percent on 26 April 2017. Although it rallied above its recent resistance zone, it may face stiff resistance around 175 – 180 levels where we could see the long term resistance.
Summary
Top 12 Stock Market Updates for 27 April 2017
Article Name
Top 12 Stock Market Updates for 27 April 2017
Description
ASIANPAINT witnessed Star pattern on daily chart. ASIANPAINT volume increased by 161 percent. It gives an impression of supply zone. It is continuously rising for 5 days. We see stock to head lower towards 1050 levels.
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EQSIS
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Top 12 Stock Market Updates for 27 April 2017

Top 12 Stock Market Updates for 27 April 2017 MRF strengthen by 3.43% and to close at Rs.68850.55. Trading volume rose by 184 percent on 26 April 2017. But majority of them are settled intraday. It suggest for bullish breakout. It is continuously rising for 8 days. This stock is currently settled above the recent resistance zone. We see short term support around 58709. HINDPETRO plunged by 4.24% and closed at Rs.535.85. Trading volume spiked by 155 percent in last session. Impressively 76% of the trades were taken for delivery. It is trading inside the trading range. However it is