Sensex ends 214 pts higher amid broad-based buying; Asian Paints gains 4%

All that happened in the markets today

8:55 AM

Trading strategies for Copper and Lead by Bhavik Patel of Tradebulls Sec

Sell Copper | TGT: 515 | Stop loss: 534

 

Copper, on daily scale, made ‘harami’ candlestick pattern which is a reversal formation. RSI_14 also is showing negative divergence on daily scale indicating that bullish momentum may be under threat. Prices are far from 20 DMA and historically we have seen mean reversion happening when prices run too far from 20 DMA. So we expect prices to retrace around 515 and that is why we recommend short with stop loss of 534. READ MORE

8:53 AM

Top stocks to watch out for today

GMM Pfaudler: Process equipment manufacturer GMM Pfaudler on Thursday said it has acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around USD 27.4 million. 

 

SBI Life, Divi's Lab: SBI Life Insurance and Divi's Laboratories will enter benchmark index Nifty 50 from September 25, NSE Indices, a subsidiary of the National Stock Exchange, said on Thursday. Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50, NSE Indices said in a statement.

 

VA Tech Vabag: The company's board is scheduled to meet on August 25 to consider and approve raising of funds by way of issue of Equity Shares, on a Preferential basis. READ MORE 

8:51 AM

Trading strategies by Nilesh Jain of Anand Rathi

BUY DEEPAK NITRITE | TARGET: Rs 690 | STOP LOSS: Rs 610

 

The counter had earlier provided breakout from a saucer pattern on the daily chart and witnessed some throwback from higher levels. Now it has retested its breakout levels and again started rising. The overall setup signals that the positive momentum is likely to continue towards 690 levels. The RSI has also reversed from the oversold territory on the daily chart which hints at a further positive momentum in the counter. READ MORE

 

8:46 AM

Here's a Bull Spread strategy for Havells India by HDFC Securities

Rationale:
 

Long build up is seen in the Havells Futures’ where we have seen 4%(Prov) rise in the Open Interest with Price moving up by 1.5%
 

Stock price has broken out on the daily chart where it closed at nearly six month high with higher volumes READ MORE

 

8:41 AM

Bulk deals on NSE as on Thursday

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8:38 AM

Bulk deals on BSE as on Thursday

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8:34 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:30 AM

Rupee check

Source: Bloomberg

8:25 AM

Oil climbs for third straight week

>> Oil prices rose in early trade on Friday, on track for a third straight week of gains, buoyed by major oil producers’ efforts to hold back output amid concerns about the economic recovery from the coronavirus pandemic.

>> US West Texas Intermediate (WTI) crude futures inched up 8 cents, or 0.2%, to $42.90, on course for a 2% rise for the week.

 

>> Brent crude futures rose 16 cents, or 0.4%, to $44.07, heading for a weekly rise around 0.5%.

(Source: Reuters)

8:20 AM

SGX Nifty update

>> At 8:19 am, the index was at 11,384.20 level, up 90.70 points or 0.80 per cent

8:16 AM

Nasdaq closes at all-time high as strong tech sector offsets jobless data

Source: Reuters

8:14 AM

Asian stocks set to rise after Wall Street tech-driven rally

Source: Reuters

8:02 AM

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