Daily share market round up

NIFTY posted longest winning streak in over two months. The 50-share NSE index NIFTY rose 0.22% to finish at 10402.25 on Tuesday. The Indian benchmark index NIFTY reclaimed 10,400 mark as it rose for fourth day in a row posting their longest winning streak since late January. Financials and Metals stocks drove the market today as easing trade war tensions between the world’s two biggest economies boosted sentiment.

Looking overseas, European markets trading higher tracking Asian markets which finished broadly higher on Tuesday.  The Global markets rallied after Chinese President sought to calm investor concerns about the prospect a full-scale trade war between the world’s two biggest economies.

Eight out of eleven sector gauges compiled by the NSE ended higher led by NIFTY METAL, NIFTY REALTY, NIFTY PVT BANK, NIFTY BANK and NIFTY IT as top gainers. On the flip side, NIFTY AUTO and NIFTY PHARMA are top losers.

From the NIFTY 50 basket of shares, AXISBANK, HINDALCO, TATASTEEL, ICICIBANK, ADANIPORTS and COALINDIA outperformed as top gainers while BAJAJFINSV, HEROMOTOCO and IBULHSGFIN are the top losers.

Top 6 stocks to trade on Wednesday 11 April

AXISBANK: This stock surged by 5.17% and ended at Rs.546.15 on Tuesday. This stock trading volume inflated 148% with numerous intraday trades. Derivative traders were aggressive in adding long positions and the Open interest gained by 10.87%. This stock is currently settled above the recent resistance zone and the short term support around Rs.493.

FEDERALBNK: This stock weakened by 1.78% and finished at Rs.96.75 on Tuesday. This stock trading volume inflated 74% with numerous intraday trades. Derivative traders were aggressive in adding short positions and the Open interest gained by 4.39%. This stock is regularly heading higher levels for 7 days and currently oscillating nearer to its resistance zone of Rs.98.

BHARTIARTL: This stock trading volume inflated 70% with 58% of the trades are deliverable volume on Tuesday. Derivative traders were aggressive in adding long positions and the Open interest gained by 2.16%. This stock is trading below its recent support zone and the near term resistance is seen around Rs.427.

HEROMOTOCO: This stock dropped by 2.12% and finished at Rs.3718.3 on Tuesday. Derivative traders were aggressive in unwinding long positions and the Open interest reduced by 5.12%. This stock is oscillating nearer to its resistance zone of Rs.3768.

KSCL: This stock increased by 2.73% and ended at Rs.529.95 on Tuesday. This stock trading volume inflated 118% with numerous intraday trades. This stock is is frequently rising for 3 days and currently settled above the recent resistance zone and the short term support around Rs.469.

PCJEWELLER: This stock gained by 3.65% and settled at Rs.307.95 on Tuesday. This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is currently trading around the lower range of its price band and the crucial support zone is around Rs.296.