Top 14 Stock Market Updates for 12 April 2017


1. ADANIPORTS plunged by 5.21% and to close at Rs.333.8. It witnessed Bearish Engulfing pattern on daily chart. Trading volume inflated by 123 percent in last session. Derivative traders were aggressive in adding short positions. Open interest increased by 21.69 %. It is trading inside the trading range. The Support is seen around 307 and resistance is seen around 354.
2. PETRONET volume spiked by 168 percent in last session. Interestingly 61% of the trades are deliverable volume. It is likely to witness positive breakout. The intensity of the buyers is acknowledged by the opening gap. This stock is currently settled above the recent resistance zone. We see short term support around 382.
3. CEATLTD surged by 5.69% and settled at Rs.1462.5. Trading volume increased by 86 percent in last trading day. However most of the trades are intraday trades. It is likely to witness positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 1205.
4. PNB gained by 3.94% and to close at Rs.158.25. Trading volume inflated by 100 percent on 11 April 2017. Yet numerous trades were settled intraday. There is an evidence of positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 137.
5. ADANIENT volume inflated by 183 percent in last session. But most of the trades are intraday trades. It gives an impression of trend reversal. It is steadily climbing for 8 days. It signaled trend termination.
6. PFC surged by 7.48% and to close at Rs.163.8. It witnessed Bullish Engulfing pattern on daily chart. Trading volume rose by 349 percent. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 134.
7. APOLLOTYRE surged by 5.1% and finished at Rs. 227.75. Trading volume rose by 137 percent in last trading day. It is likely to witness positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 186.
8. KTKBANK surged by 9.03% and closed at Rs.159.35. Trading volume rose by 661 percent on Tuesday. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 136.
9. DCBBANK surged by 5.82% and settled at Rs.181.05. Trading volume increased by 150 percent on Tuesday. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 159.
10. RECLTD surged by 12.91% and ended at Rs.206.35. Trading volume rose by 569 percent on Tuesday. It is heading for bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 157.
11. PTC witnessed Bullish Engulfing pattern on daily chart. PTC volume hiked by 256 percent. It indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 85.
12. NTPC witnessed Star pattern on daily chart. NTPC volume increased by 289 percent on 11 April 2017. Interestingly 77% of the trades gone for delivery. It is oscillating nearer to its resistance zone of 169.
13. INFY is one among the top traded stocks. Impressively 70% of the trades gone for delivery. Short covering seen in future segment.
14. CIPLA weakened by 1.63% and closed at Rs.580.05. It signals negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 605.

Summary
Top 14 Stock Market Updates for 12 April 2017
Article Name
Top 14 Stock Market Updates for 12 April 2017
Description
INFY is one among the top traded stocks. Impressively 70% of the trades gone for delivery. Short covering seen in future segment
Author
Publisher Name
EQSIS
Publisher Logo