High levels of volatility were witnessed by the Indian Indices. Will this thunderstorm of a session lead to upside moves?


High levels of volatility were witnessed by the Indian Indices. Will this thunderstorm of a session lead to upside moves?

It’s Thursday and the Indian indices have witnessed high volatility like ‘thunderstorms’ raining down on the world. 

While the previous session maintained steady the previous session has set a course for a volatile trading session, however, they have ended on a positive note. 

So what’s next for the market? 

Without further adieu, let’s get started!!

Nifty witnessed a highly volatile session but ended on a positive note!! What’s next for the market? 

Buy Around – 19680 | Stop Los – 19550 | Target – 19810 |

Nifty had opened the gap up and tested the level of 19491 levels. This has led to a highly volatile trading session but it has ended on a positive note. 

It has formed a hammer candlestick pattern and traders can expect upside movements!!

Bank Nifty tests higher levels amidst a highly volatile session. Will it be able to go higher? 

Buy Around – 44800 | Stop Loss – 44500 | Target – 45100 |

Bank Nifty started off the session with the gap down, and tested the 44207 level, thereby leading towards a highly volatile session. 

However, as the day progressed into the evening session, it began to recover slowly. 

It has formed a hammer candlestick pattern and traders can expect upward movements.  

Trending Equity News:

Here are the companies making waves in the market today!!

Tata Consultancy Services:

The country’s largest IT services company has entered into a strategic partnership with the digital unit of JLR. TCS will work with JLR to develop a new, strategic IT architecture that is prepared for the future and will assist JLR’s Reimagine initiative. The new alliance, is estimated to be worth £800 million over the following five years.

Reliance Industries:

Subsidiary Reliance Retail Ventures has signed a joint venture with Alia Bhatt’s kids and maternity-wear brand, Ed-a-Mamma for a 51 per cent majority stake.

Hero MotoCorp:

The electric vehicle maker has raised Rs 900 crore from its existing investor Hero MotoCorp and GIC, through a rights issue. The company intends to use the funds for the introduction of new products as well as the growth of its retail network and charging infrastructure.

Tata Consumer products:

The Tata Group company sent a clarification note to exchanges on the Reuters news saying Tata Consumer is in talks to buy at least 51% stake in Haldiram’s. The company said they are not in negotiations for a stake in Haldiram, while Haldiram also denied stake sale reports, saying not in talks with Tata Consumer.

Solara Active Pharma Sciences:

Spiracca Ventures LLP has bought an additional 7.36 lakh shares or 2.04% stake in the pharma company at an average price of Rs 367.46 per share. However, promoter Karuna Business Solutions LLP was the seller in the block deal, against its 2.34% personal shareholding in the company as of June 2023.

That’s all folks!!

We’ll be back with more content soon. 

Until then, Happy Trading!!

Commodity Samachar

Learn and Trade with Ease