Top Buy & Sell Day Stock Market Updates

Markets overcame its bearishness so seen in the last few sessions on the back of global markets support as a firm trend in European markets supported the positive sentiments and the rise in Crude Oil prices too favored the sentiments while Asian markets capped the gains. It was mainly driven by HDFC, which was the top gainer for the index and Bhel. Indices jumped from the bottom levels and managed to close in green gaining around 0.40%.

Overall, all indices supported the Nifty but FMCG and Realty indices lead the gainers.
Global Market Updates:

  • European stock markets steadied buoyed by some solid corporate earnings by firms including BT, and a rise in the shares of major oil companies that were boosted by a stronger oil price.
  • Asian shares drifted weaker on Thursday as Tokyo remained shut and trade and retail data out of Sydney was mixed.

Nifty
NiftyIntraday superstar calls (Premium Section)
superstar calls 1CEAT FUTURE closed around the support of the 100 day EMA and also near the previous support on the daily charts. Hence, selling pressure could be seen below the mentioned support.
SELL BELOW 1038.80 TARGETS 1035.90/1033/1030.15 SL 1041.40.
superstar calls 2ICICBANK EQ has constantly trading on weak note after the outcome of its quarterly results and it closed around the support of previous session which is expected to surpass in the coming session.
SELL BELOW 213.50 TARGETS 211.40/209.30/207.20 SL 216.
Multibagger call (Premium Section)
Multibagger callLT EQ has been trading above the strong support of the 100 day EMA on daily charts and closed near the immediate resistance level as shown in the chart above. Positive breakouts are expected if it sustains higher.
BUY ABOVE 1288.75 TARGETS 1308/1330. MAINTAIN SL OF 1272.
Trifid Special call (Premium Section)
Trifid Special callHDFCBANK EQ has been trading around all time highs since last five sessions and strength in the group so seen in the previous sessions is expected to continue if it strongly surpasses the immediate highs on daily charts. Bull rally seen in this private bank still keeps it on buyers’ radar.
BUY ABOVE 1136.70 TARGET 1158 SL 1120.
Major Indices Movement
Nifty TechnicalNifty opened flat, but showed a range bound session for the first half, but short pull back in the later half made the index to close in green after short bear rally in last few sessions. It can be said in a weak zone till it holds below the important support of 7790. Next support range is 7720-770 while intraday resistance is seen near 7820.
Bank Nifty TechnicalsBank Nifty also lies in the crucial zone as any further selling can slip the index towards the 100 day EMA OF 16022 while any closing above 16550 can again indicate the strength for the index. Lower lows are also seen on the daily chart which may result in certain pull back in the index.
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