It’s Friday, the end of the week and the Indian Indices are poised to give exciting trading sessions to all involved in the market.
The previous session of the Indian Indices witnessed strong selling pressure but what’s next after this?
Well without further adieu let’s begin!!
Nifty is gearing up for upside moves after witnessing strong selling pressure. What’s next for the market?
Buy Around- 19400 | Stop Loss – 19300 | Target – 19500|
Our analysts have been on the screen since the break of dawn and have presented an exciting analysis of the situation at hand.
Nifty started off with a gap-up, but the day saw strong selling pressure.
It has formed a strong bearish candlestick pattern and traders can expect upside moves moving forward!!
Bank Nifty takes the path Nifty took and witnesses high selling pressure. Will the upward movement continue?
Buy Above – 44400 | Stop Loss – 44000 | Target – 44800 |
Bank Nifty follows the same trajectory as Nifty does. Despite a gap-up start, there was heavy selling pressure throughout the day.
It has formed a strong bearish candlestick pattern and traders can expect upward movements moving forward.
Trending Equity News:
Sula Vineyards:
HDFC Mutual Fund, Morgan Stanley Asia Singapore Pte, Societe Generale, and Ghisallo Master Fund LP have bought 59.58 lakh equity shares or 7.06% stake in the country’s largest winemaker via open market transactions, at an average price of Rs 484 per share. The total price of the stake sale was Rs 288.4 crore. However, foreign investor Verlinvest Asia Pte Ltd sold 1.06 crore shares or 12.56% stake in Sula at an average price of Rs 484.13 per share, amounting to Rs 513.18 crore.
Medplus Health:
Through open market transactions, the Government of Singapore, Fidelity Funds – India Focus Fund, Nippon India Mutual Fund, and Steadview Capital Mauritius acquired a 6.5% stake in the retail pharmacy, or 77.87 lakh shares, totalling Rs 607.53 crore. However, 1.4 million shares in Medplus—70 lakh shares each—were sold by PI Opportunities Fund I and Lavender Rose Investment for Rs 1,206.5 crore.
Genus Power Infrastructures:
A letter of award (LOA) worth Rs 2,247.37 crore was given to the subsidiary for the selection of advanced metering infrastructure service providers (AMISPs). The contract calls for the design of an advanced metering infrastructure (AMI) system, as well as the supply, installation, and commissioning of 24.18 lakh smart prepaid meters, as well as system meters that include OT meters, with corresponding energy accounting under the DBFOOT model (hybrid model, capex plus operating expenses).
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