Top 7 Stock Market Updates for 24 April 2017


  1. SUNPHARMA dropped by 2.49% and ended at Rs.639.6. Trading volume rose by 138 percent in last session. Impressively 59% of the trades were taken for delivery. It suggest for negative breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 4.36 %. It is steadily breaking low for 5 days. It is trading below its recent support zone. The Near term resistance is seen around 705.
  2. SUNTV surged by 4.41% and settled at Rs.936.75. Meanwhile it recorded remarkable gains in last five sessions. Trading volume spiked by 335 percent on 21 April 2017. But largely the volumes are intraday trades. It is climbing for 4 straight days.
  3. DLF surged by 6.6% and to close at Rs.183.45. Meanwhile it registered an exceptional margin on the weekly basis. Trading volume spiked by 474 percent on Friday. There could be positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 145.
  4. GRANULES gained by 3.83% and closed at Rs.150.3. Trading volume increased by 217 percent in last trading day. It indicates bullish breakout. It is frequently heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 135.
  5. HDFCBANK volume spiked by 158 percent on 21 April 2017. It is placed nearer to its upward sloping trend line resistance. Meanwhile derivative traders were aggressive in adding long positions. Open interest surged by 6.74 %.
  6. COLPAL volume increased by 189 percent on 21 April 2017. Noticeably 76% of the trades were taken for delivery. There could be bullish trend formation. This stock is currently settled above the recent resistance zone.
  7. CESC volume spiked by 68 percent on Friday. There is an evidence of bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 823.

 

Summary
Top 7 Stock Market Updates for 24 April 2017
Article Name
Top 7 Stock Market Updates for 24 April 2017
Description
HDFCBANK volume spiked by 158 percent on 21 April 2017. It is placed nearer to its upward sloping trend line resistance. Meanwhile derivative traders were aggressive in adding long positions. Open interest surged by 6.74 %.
Author
Publisher Name
EQSIS
Publisher Logo