It’s Wednesday and it’s time for today’s equity outlook. Here’s a guide to what traders should focus on and how the market may move today.
So let’s begin!!
Bullish candlestick patterns formed in Nifty. Can traders expect upside moves?
As per reports from our technical analysts, The last session of Nifty was a Broken inside-bar candlestick pattern and formed a bullish candlestick pattern. More upside moves are expected to be seen. So keep an eye open for upwards trends.
Our Recommendation:
Buy around – 18760
Stop loss – 18660
Target – 18860
Bank Nifty session seems to be forming a strong bullish candlestick pattern. Is this the right time to trade?
The last session of Bank Nifty seemed to buy at pressure and then broke a trend-line and formed a strong bullish candlestick pattern. We expect more upside moves.
Our recommendation:
Buy around – 43950
Stop-Loss – 43500
Target – 44400.
Trending Stocks of the Day:
It’s Wednesday and here’s our hottest stock picks of the day.
BUY NOW!!
INDUSINDBK FUT
Buy above – 1320
Stop loss – 1300
Target – 1340/1350
BUY GREAT PERFORMING STOCKS NOW!!
ICICIPRULI FUT
Buy around – 578
Stop loss – 570
Target – 586
SELL!! SELL!! SEL!!
GUJGASLTD FUT
Sell below – 465
Stop loss – 470
Target – 460
SELL NOW!!
IRCTC FUT
Sell below – 630
Stop loss – 635
Target – 625
BUY HEALTHY STOCKS TODAY!!
APOLLOHOSP FUT
Buy around – 5150
Stop loss – 5080
Target – 5220
Trending equity news:
The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing by Aditya Birla Fashion and Retail. The Aditya Birla Group company will acquire 51% shareholding in TCNS.
Foreign company WWD Ruby has exited Sapphire Foods, which operates KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives, as it sold entire 30.3 lakh equity shares or 4.77% stake in the company via open market transactions at an average price of Rs 1,377.1 per share. The stake sale was worth Rs 417.29 crore.
That’s all for today folks. We’ll be back with more equity news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease