The previous week in Stock Market India was filled with a bunch of fender benders and price rebounds, however, the Indian Indices have impressed traders once again.
Both Nifty and Bank Nifty have portrayed bullish movements this week, however, several questions loom in the background.
Will there be a positive outlook moving forward?
Let’s get started on the analysis!!
Bullish momentum takes over the Indian Indices. What lies ahead for stock market India?
Buy Above – 19700 | Stop Loss – 19400 | Target – 20000 |
Nifty had started the week on a flat note, initially facing selling pressure.
However, it rebounded from the downside and closed in the positive.
It has formed a hammer candlestick pattern and traders can anticipate upward movements incoming.
Resistance has been placed at 19700/20000. Support has been placed at 19300/19000.
Bank Nifty follows suit to Nifty and cruises on the bullish wave. What’s next for stock market India?
Buy Above – 44750 | Stop Loss – 43750 | Target – 45750|
Bank Nifty had started the week on a flat note, initially facing selling pressure.
However, it had rebounded from the downside and closed in the positive.
It has formed a hammer candlestick pattern and traders can anticipate upward movements.
Resistance has been placed at 44600/45600. Support palced at 43800/43500.
Stock Market India | Stocks in Focus:
It’s that time of the week when we bring to you the stocks to keep in focus. Let’s get into it!!
IT:
TCS EQ
Buy Around – 3635 | Stop Loss – 3435 | Target – 3835 |
INFY EQ
Buy Around – 1485 | Stop Loss – 1385 | Target – 1585|
MPHASIS EQ
Buy Above – 2500 | Stop Loss – 2300 | Target – 2700 |
Metal:
JSWSTEEL EQ
Buy Above – 780 | Stop Loss – 700 | Target – 860 |
JINDALSTEL EQ
Buy Above – 700 | Stop Loss – 600 | Target – 800 |
Stock Market India | Trending Equity News:
Here’s the trending update of the week. Let’s begin!!
Multi Commodity Exchange of India Ltd:
SEBI technical advisory Committee has recommended that MCX and MCXCCL go live with the COmmodity Derivstie Platform. The proposed GO live date will be intimated by SEBI soon.
Rail Vikas Nigam Ltd:
The railway’s industrial company bags an order of INR 395 crore from Maharashtra Metro Rail Corporation Ltd.
GOCL Corporation Ltd & Coal India Ltd:
IDL Explosives Ltd, a wholly owned subsidiary of the Company has bagged an order from Coal India. Orders are worth an aggregate amount of INR 766 crores for the supply of Bulk Explosive over 2 years.
That’s all for today folks!!
We’ll be back with new updates soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease