MARKETS: Sensex ends 1,325 pts up as indices stage sharpest 1-day recovery

All that happened in the markets today

8:54 AM

NTPC to Larsen & Toubro, hot stocks to watch on Friday

Nifty
 

Current: 9,590 (fut: 9,580)

 

Target: NA
 

Stop long positions at 9,475. Stop short positions at 9,700. Big moves could go till 9,900, 9,200. Trend is negative but be prepared for extreme volatility. A long March 19, 9,200p (203), short 9,000p (158) could gain 25-35 if the index slides below 9,200. READ MORE

8:51 AM

Bear Spread Strategy on Tata Consultancy Services by HDFC Securities

Bear Spread strategy on TCS

 

Buy TCS March 1800 Put at Rs 113

 

Target: 170

 

Stop Loss: 70

 

Lot Size: 250

 

Rationale:

 

Aggressive Short build up is seen in the TCS Futures’ where we have seen sharp rise (Prov) in the Open Interest with price falling by 9 per cent. Stock Price has broken down on the daily chart to close at lowest level since June 2018 with higher volumes. READ MORE

8:49 AM

Commodities outlook & stock picks by Tradebulls Securities

Indian rupee has depreciated and trading at 8 months low as sell off is being witnessed heavily in equity markets. All emerging market currencies are depreciating and we are seeing intervention from RBI. Bank of England made a surprise rate cut of 50 bps taking its interest rate at a record low of 0.25 per cent. Earlier this month, US Fed too had made emergency rate cut by 50 bps and other central banks will also follow suit. The rate cuts will depreciate all currencies against US Dollar. Until the situation improves regarding coronavirus, we might rupee trading weak and may even test 75 levels. Next immediate support comes at 73.70-73.50 and resistance at 75. READ MORE

8:47 AM

Stock recommendation from Anand Rathi's Nilesh Jain

MINDTREE: SELL | TGT: Rs 765 | SL: Rs 820

 

The stock has made a big bearish candle on the daily chart. Also, the momentum indicator MACD has provided a sell crossover on daily as well as hourly chart. The stock is also making lower top lower bottom formation on the daily chart which hints of further weakness in coming sessions. READ MORE

8:43 AM

Bulk deals on BSE as on Thursday

Click here for complete list

8:39 AM

Bulk deals on NSE as on Thursday

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8:37 AM

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

8:33 AM

Rupee Check

Source: Bloomberg

8:32 AM

Oil Check

>> Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991

>> At 8:31 am, Brent Crude Future was at $3276, down 1.4%

8:27 AM

NIfty50 could open below 9,000-mark

>> At 8:25 am, the Singaporean Exchange for Nifty Futures is at 8,893.75, down 686.25 points or 7.16 per cent.

8:22 AM

Asian Market Check

Source: Reuters

8:21 AM

US Markets :: Dow Jones, S&P 500 log worst day since 1987

Source: Reuters

7:53 AM

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