Nifty wiped out initial gains in the last couple of hours of
trade amid volatility due to F&O expiry and correction in European indices
on June 27.The index failed to hold
11,900 and closed flat, forming bearish candle that resembles Shooting Star
pattern on daily charts.A 'Shooting Star' pattern is
formed when the index comes under selling pressure as traders start booking
profits at higher levels. This pattern is usually formed in an uptrend and is
treated as a reversal pattern, but it would require confirmation before we can
conclude that the trend will get reversed in the near future.Buzzing stock CreditAccess gains 8% on
completion of direct assignment of Rs 139 crore SBI nears record high on
fundraising plan; stock rises 7% in six days Real estate shares in focus;
Godrej Properties hits record high Cox & Kings hits lower circuit for 2nd
straight day, tanks 57% in a month DHFL promoters sell stake in wealth
management business to employees Bitcoin climbs to 18-month high, soars past
$13,000 as Libra spurs interest.
Thursday, June 27, 2019
Wednesday, June 26, 2019
MARKET SUMMARY OF 26 JUN 2019
Despite benchmark indices reaching new heights in early June, the
breadth of the market remains weak. This is evident from the fact that almost
20 percent of BSE500 stocks hit their respective 52-week low in June Eighty-eight
stocks in the BSE500 index hit their respective 52-week low in June, which
include Hindustan Zinc, JSW Steel, Bosch, Motherson Sumi, Vodafone
Idea, General Insurance Corp., Lupin, Biocon and YES Bank, among
others.Indian
tyre companies to gain from CVD duty on Chinese imports; top picks Buzzing stock DHFL falls 9% on partial payment
of Commercial Paper dues Shriram Group shares trade weak; Shriram City Union
hits 52-week low ICICI
Bank, Power Finance, and 12 other stocks hit 52-week highs on BSE 500 Rushil
Decor hits lower circuit for 2nd straight day; tanks 28% in two days.SBI Life
Insurance hits 52-week high on strong response for share sale.
Tuesday, June 25, 2019
MARKET SUMMARY OF 25 JUN 2019
FOR FREE TRIAL FILL THE FORM>>>
Nifty recovered from first hour's sell-off and strengthened
as the day progressed to end near day's high on June 25 after. The gain comes
after losses in the previous two sessions.Advancement of southwest monsoon and
stability in crude oil prices lifted traders sentiment.The index took support
at its 50-DEMA, near 11,650 and rallied towards 11,814 intraday, forming
bullish candle that resembles Bullish Engulfing pattern on daily charts.Top companies where promoters have
trimmed their stake in the past one year Tyre stocks gain as govt imposes
additional duty on Chinese tyre imports HDFC AMC hits record high, rises 9% in
four days. ACC, Ambuja Cements, UltraTech: Three cement stocks that can
rally 10% Stock
of the day Trent
soars to record high on fundraising plan; stock rallies 10% in a week ICICI
Lombard falls 8% after block deals Emami soars 12% after promoters set timeline
to reduce debt.
Monday, June 24, 2019
MARKET SUMMARY OF 24 JUN 2019
Benchmark indices closed lower for second consecutive day amid
liquidity crisis and weak global cues.The Sensex fell 71.53 points to 39,122.96 and the Nifty
declined 24.40 points to 11,699.70.The Nifty Midcap and Smallcap indices
dropped 0.4 percent each.UPL, Yes
Bank, M&M, Indiabulls Housing
and TCS were top gainers among Nifty50 stocks, rising 1-5 percent
whereas JSW Steel, ONGC, Eicher Motors, Tata Steel
and Vedanta fell 2-3 percent.Reliance Power, PC Jeweller, IFCI, Glenmark Pharma, Mahanagar
Gas, IGL, Gujarat Gas, Motherson Sumi, Cadila Healthcare, Edelweiss
FInancial and Dish TV were down 3-12 percent.Stock of the day Glenmark Pharma hits 6-year low
after USFDA issues CRL on Ryaltris.Cox & Kings frozen at 20% lower circuit;
stock hits all-time low.Jain Irrigation soars 72% in two days after mgt
clarifies on price movement.Auto stocks decline post NITI Aayog's directive on
electric vehicle. Emami slips 7%, hits lowest level since August 2014 after
huge block deals.
Friday, June 21, 2019
MARKET SUMMARY OF 21 JUN 2019
MANAPPURAM LIVE MARKET CALL ACHEIVED TG. HOPE YOU HAVE BOOKED PROFIT
FOR FREE TIPS FILL THE FORM>>>
The Nifty50 started off selling at
the word go and fell further in later part on June 21 after escalating tensions
between US-Iran and RBI Government comments.The index closed way below 11,800
levels and formed Bearish Belt Hold pattern on the daily charts and bearish
candle on the weekly scale. For the week, the index lost 0.8 percent,
continuing downtrend for the third consecutive week.A 'Bearish Belt Hold' pattern
is formed when the opening price becomes the highest point of the trading day and the index declines throughout the trading day making up for
the large body. The candle will either have a small or no upper shadow and a
small lower shadow. BUZZING
STOCKS Aurobindo
Pharma shares slipped 8 per cent to Rs 579 on the BSE in early morning trade on
Friday after the company received a warning letter from US health regulator for
its Unit XI, API manufacturing facility in
Srikakulam, Andhra Pradesh. The stock ended the day 3.92 per cent lower at Rs
602.35. Sobha stocks dipped
11 per cent to Rs 500 on BSE on Friday after more than four per cent total
equity of the real estate developer changed hands via block deals in early
morning trade. By the end of the session, the stock was down 7.39 per cent
lower to Rs 520.30.Tanla Solutions shares continued their upward movement,
hitting an over 9-year high of Rs 67.20 per share, up 5 per cent on the BSE in
an otherwise weak market.
TRADING CALLS FOR 21 JUN 2019
PREMIUM FUTURE-SELL MANAPPURAM FUTURE 2LOTS BELOW 132 TGT 131 129.50 SL 133
Thursday, June 20, 2019
STOCK MOVEMENTS OF 20 JUN 2019
The market saw spectacular run on June 20 as buying across
sectors pushed Sensex up over 500 points intraday.The market breadth was
also in favour of bulls as about three shares advanced for every two shares
falling on the BSE. The Nifty Midcap and Smallcap indices surged more than 1.5
percent each.Yes Bank was biggest gainer among Nifty50 stocks, rising 11
percent followed by Indiabulls Housing , Sun Pharma , IndusInd
Bank and L&T .However, UPL, Wipro, Adani
Ports, Britannia and Tech Mahindra were losers.Jet Airways was
biggest gainer among smallcaps, rising 90 percent while Anil Dhirubhai Ambani
Group stocks like Reliance Infrastructure and Reliance Capital rallied 35
percent and 28 percent respectively. Stock of the day Indiabulls Housing to buyback NCDs worth Rs 2,285
crore; stock rallies 8%.Adani Green surges 6% after arm bags 600 MW wind-solar
hybrid projects YES Bank dips 5% to trade in double digits for the first time
in five years PSP Projects surges
3% on new order worth Rs 607 crore Apollo Hospitals
gains over 3% after sale of health insurance biz to HDFC.
Wednesday, June 19, 2019
MARKET SUMMARY OF 19 JUN 2019
Sensex finished higher, while Nifty flat in the volatile trade
on June 19.At close, the Sensex was up 66.40 points at 39112.74, while Nifty
ended flat at 11691.50. About 703 shares have advanced, 1847 shares declined,
and 119 shares are unchanged. Indiabulls Housing, Yes Bank, UPL, Adani Ports and
Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee
Entertainment, Kotak Mahindra Bank, NTPC and Titan Company.Buzzing stock Jet Airways falls 29% ahead of
NCLT hearing on insolvency plea.Dilip Buildcon dips 14% on report of possible exit
from HAM projects IRB
Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way Can Fin
Homes gains 5% after Canara Bank initiates stake sale process.
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