Top 16 Stock Market Updates for 04 May 2017

1. LUPIN declined by 2.98% and settled at Rs.1264.9. Also it maintained a remarkable fall in last five sessions. Trading volume inflated by 91 percent in last trading day. Derivative traders were aggressive in adding short positions. Open interest gained by 4.89 %. It is trading below its recent support zone. The Near term resistance is seen around 1456.
2. ARVIND volume hiked by 247 percent on Wednesday. Yet largely the volumes are intraday in nature. There could be bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 386.
3. CEATLTD gained by 3.85% and ended at Rs.1657.05. Additionally it secured significant returns over recent days. Trading volume increased by 110 percent in last trading day. However majority of them are intraday trades. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1332.
4. CENTURYTEX surged by 5.05% and closed at Rs.1168.85. It witnessed Bullish Engulfing pattern on daily chart. Trading volume inflated by 221 percent on 3 May 2017. Yet majority of them are settled intraday. It gives an impression of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1050.
5. SYNDIBANK surged by 4.57% and to close at Rs.87. Also it recorded significant returns on the weekly basis. Trading volume inflated by 455 percent on 3 May 2017. But numerous trades were intraday in nature. It gives an impression of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 70.
6. UNIONBANK surged by 4.75% and to close at Rs.178.5. Trading volume hiked by 213 percent on Wednesday. But numerous trades were settled intraday. It is heading for bullish breakout. It is frequently climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 150.
7. DABUR slipped by 3.21% and ended at Rs.275.75. It gives an impression of bearish trend. Derivative traders were aggressive in adding short positions. Open interest gained by 7.69 %. It is frequently breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 296.
8. HINDPETRO plunged by 4.05% and settled at Rs.530.2. It witnessed Bearish Engulfing pattern on daily chart. Derivative traders were aggressive in adding short positions. Open interest gained by 8.5 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 517.
9. EXIDEIND dipped by 3.72% and settled at Rs.222.3. Trading volume spiked by 96 percent in last session. Furthermore 61% of the trades are deliverable volume. It Indicates negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 240.
10. GODREJIND witnessed Star pattern on daily chart. GODREJIND volume increased by 231 percent. However largely the volumes are settled intraday. It Indicates aggressive sellingThis stock is currently settled above the recent resistance zone. We see short term support around 510.
11. CANBK sketched star pattern. However numerous trades were settled intraday. It may attempt to form flag pattern. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 302.
12. BANKBARODA is one among the top traded stocks. But largely the volumes are intraday trades. It is heading for bullish breakout. It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 169.
13. ALBK volume inflated by 218 percent. But numerous trades were intraday trades. It suggest for bullish breakout. It is steadily heading higher levels for 9 days. This stock is currently settled above the recent resistance zone. We see short term support around 72.
14. BANKINDIA strengthen by 3.03% and to close at Rs.185.25. Also sketching flag pattern on daily charts
15. BIOCON plunged by 4.99% and closed at Rs.1032.6. Trading volume inflated by 269 percent on 3 May 2017. It is likely to witness bearish trend. It is trading below its recent support zone. The Near term resistance is seen around 1164.
16. PTC surged by 6.6% and settled at Rs.103.4. Trading volume increased by 437 percent on Wednesday. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 92.

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Top 16 Stock Market Updates for 04 May 2017
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Top 16 Stock Market Updates for 04 May 2017
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ARVIND volume hiked by 247 percent on Wednesday. Yet largely the volumes are intraday in nature. There could be bullish breakout. This stock is currently settled above the recent resistance zone
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Top 16 Stock Market Updates for 04 May 2017

Top 16 Stock Market Updates for 04 May 2017 1. LUPIN declined by 2.98% and settled at Rs.1264.9. Also it maintained a remarkable fall in last five sessions. Trading volume inflated by 91 percent in last trading day. Derivative traders were aggressive in adding short positions. Open interest gained by 4.89 %. It is trading below its recent support zone. The Near term resistance is seen around 1456. 2. ARVIND volume hiked by 247 percent on Wednesday. Yet largely the volumes are intraday in nature. There could be bullish breakout. This stock is currently settled above the recent resistance zone.