Stock Market Technical Analysis, Stock/Share Trading.Get the latest stock technical analysis of stock/share trends, BSE/NSE technical chart, live market map and more technical stock information at Capitalheight
2. Nifty 50 Index
Sensex Index
Bank Nifty Index
The Sensex opened down
160 points at 38082 and the
Nifty down 48 points at
11488. There was all-round
selling among all sectors,
including banks, pharma,
auto and FMCG dragging the
most. A huge surge in the
midcaps space along with
automobiles, pharma as well
as energy names ensured
that the market had a strong
trading day. The Nifty
managed to end well above
11,550-mark. At the close of
market, the Sensex ended up
147.01 points at 38389.82,
while the Nifty was higher by
52.20 points at 11589.10.
The market breadth is
positive as 1,537 shares
advanced, against a decline
of 1,151 shares, while 195
shares were unchanged.
In the today trading session
Indian Rupee also took
recovery along with the
benchmark indices. INR
opened today at 71.98 and
till the market closing time
INR was trading 71.69 per
USD.
For Monday trading session
nifty trades in positive as it is
taking support of the moving
averages on 15 min chart and
also its back in form
continuing with the primary
uptrend.
MarketCommentary
3. Mastek Limited:
The Mastek Limited has been in uptrend primarily since November 2016
and it took correction and from early May 2018 it was trading in
consolidation zone, today the stock gave breakout attracting the
considerable amount of buying side volume and also stock has given
previous days consolidation breakout on daily and weekly chart.
Mastek Limited have been showing a
strong buy on daily chart, RSI crossover is seen on the daily chart and also
the stock is taking support of the moving average. Buy Mastek Ltd above
597 with target range 615-625 and stop loss 580.
Stock to Watch for Monday
4. Shares of Religare Enterprises declined nearly 3 percent as company's net loss
widened by 21 percent in the quarter ended June 2018.Thecompany's Q1 net
loss increased to at Rs 17.07 crore versus loss of Rs 14.05 crore in a year ago
period.
Shares of Ajmera Realty and Infra India rose 4 percent intraday Friday as
company acquired 85 percent stake in Anirdesh Developers LLP. It has
touched an intraday high of Rs 221.65 and an intraday low of Rs 215.25. The
company intends to enter infra projects and acquire infra projects through
this subsidiary.
Shares of InterGlobe Aviation and SpiceJet jumped on report of cargo
business plan. InterGlobe Aviation Ltd, which operates top Indian airline
IndiGo, rose as much as 3.9 per cent to Rs 919.45, while SpiceJet Ltd gained
3.8 per cent to Rs 80.95.As thebudgetcarriers IndiGo and SpiceJet are looking
at transporting cargo to boost income. SpiceJet will add freighter aircraft
while IndiGo plans to ferry perishable cargoes in its planes.
Shares of Sun Pharmaceutical Industries Ltd fell as much as 5.5 per cent to Rs
640, marking their biggest daily percentage loss since May 11. The stock was
the top drag on the NSE index and Nifty Pharma index. As per reports, the
USFDA has issued six observations to Sun Pharma’s Halol plant for the
inspections done during August 27-31. The Halol unit had in June received an
‘establishment inspection report’ from the regulator for an inspection done
between February 12 and February 23 this year, paving the way for its first
drug approval in five years from the plant — Infugem injection used for
treating cancer.
Shares of Bajaj Auto today hit 7-week high as the company plans to expand its
three-wheeler capacity. The stock jumped as much as 3.3 per cent to Rs
2,874, its highest in seven weeks. Bajaj Auto plans to produce more three-
wheelers after the Road Transport and Highways Minister, Nitin Gadkari, said
auto-rickshaws running on alternativefuels will no longer need permits to ply.
Bajaj Auto, which has an 86 per cent share in the three-wheeler market,
intends to produce 10 lakh commercial vehicles every year that include three-
wheelers and quadricycles, up from 8.4 lakh units currently.
NewsHighlights:
5. Disclaimer
The informationand viewsin this report, our website & all the service we provide are believed
to be reliable,butwe do not accept any responsibility(orliability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment
decision. The report does not provide individually tailor-made investment advice. Money
CapitalHeight Research Pvt Ltd. recommends that investors independently evaluate particular
investmentsand strategies,and encourages investors to seek the advice of a financial adviser.
Money CapitalHeight Research Investment AdvisersPvt. Ltd. shall not be responsible for any
transaction conducted based on the information given in this report, which is in violation of
rules and regulations of NSE and BSE.
The metal’sprice projectionsshownare not necessarilyindicative offuture price performance.
The information herein, together with all estimates and forecasts, can change without notice.
Analyst or any person related to Money CapitalHeightResearch Investment Advisers Pvt. Ltd.
might be holding positions in the stocks recommended. It is understood that anyone who is
browsing through the site has done so at his free will and does not read any views expressed
as a recommendation for which either the site or its owners or anyone can be held
responsible for . Any surfing and reading of the information is the acceptance of this
disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not
responsible for any loss incurred whatsoever for any financial profits or loss which may
arise from the recommendations above. Money CapitalHeight Research Investment Advisers
Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any financial
instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to
forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be
taken.
6. DAILY REPORT
When money matters
Please call our 24/7 Customer Care Support at:
Ph.: +91 - 896 2429 710.
Fax: +91 - 0731- 4252800
For Any Complain - complaint@capitalheight.com
Money CapitalHeight Research Investment Advisers Pvt Ltd,
Plot No.21, II Floor,Usha Nagar Extension,
Near Ranjit Hanuman Temple,
AboveState Bankof Patiala,