Indian Indices climb ‘The Stairway to Heaven ‘ as positive trends continue. Will the bullish momentum continue?

The week’s at an end and we can’t wonder what the consensus is with respect to the Indian indices. 

Indian indices have been on a trajectory with lows and highs, This week, it seems to have shown positive trends, hence, thereby climbing up ‘The Stairway to Heaven’ like the popular song by Led Zeppelin. 

But will this bullish trend continue?

Well, let’s answer that question!!

Nifty experiences a soothing bullish trend this week. What’s in store for the next week?

Buy Above – 19600 | Stop Loss – 19200 | Target – 20000 |

It was an exciting week indeed filled with strong selling pressure, up and down movements and volatility but overall it was bullish. After falling for 5 weeks in a row, it has bounced back. 

It has stayed in a very small range near a support level, which is a price where it used to be in resistance before. 

This indicates that the market is now in a more positive mood and might be heading upward. 

It has formed a small solid-bodied candlestick pattern with a high trading volume. 

The resistance placed at 19500/19700.Support placed at 19000/18700. 

Bank Nifty follows Nifty’s same trajectory portraying Bullish trends. What direction will it move in now?

Buy Above – 44800 | Stop Loss – 43800 | Target – 45800 |

Bank Nifty portrayed a great week for the second time in a row and it seemed like it doesn’t want to go down by a lot and found strength with a positive divergence. 

It has formed a small body doji candlestick pattern with high trading volume. 

Resistance was placed at 45000/45500. Support was placed at 43500/43000. 

Stocks In Focus:

It’s that time of the week when we suggest the best stocks to focus on in the coming week!! 

So without further adieu, let’s begin!!

Consumer Durables:


BUY ABOVE – 1605 | STOP LOSS – 1500 | TARGET – 1710 |

Producer Manufacturing:


BUY ABOVE – 1400 | STOP LOSS – 1250 | TARGET – 1550 |


BUY ABOVE – 3990 | STOP LOSS – 3790 | TARGET – 4190 |


BUY ABOVE – 870 | STOP LOSS – 770 | TARGET – 970 |



BUY ABOVE – 500 | STOP LOSS – 430 | TARGET – 570 |

Trending Equity News:

It’s that time of the week when we guide you through the market and introduce you to the companies making the news. Let’s get started!!

Manappuram Finance:

The Company is considering finding various options for raising funds through borrowings including by way of issuance of various debt securities in the onshore/offshore securities market by Public issue, on a private placement basis or through issuing commercial papers. 

Genus Power:

Genus Power Infrastructure has incorporated a step-down subsidiary, namely “Maharashtra Akola Amravati Smart Meeting Pvt. Ltd” on August 31, 2023, for the execution of the Advanced Metering Infrastructure Service Provider (AMISP) Contract.

Ashiana Housing Ltd:

Ashiana Housing has entered into a Development Agreement to develop a group housing project with an approximately saleable area of 11 lakh sq ft at Village Bhankrota Kalan, Tehsil Sanganer, Dist. Jaipur in the state of Rajasthan. 

That’s all for today folks!!

We’ll be back with more news soon!!

Until then, Happy Trading!!

Commodity Samachar

Learn and Trade with Ease