It’s Friday and the excitement of the weekend has probably seeped into the Indian Indices. The Indian Indices are gearing up for a major shift and are expected to display a sideways to upside movement.
After witnessing strong selling pressure and a lot more factors, the Indian Indices are taking a ‘step back’ to revamp and then are expected to soar to new heights.
So what’s the next move in the market?
Well, without further delays let’s begin!!
Nifty is poised to take a sideways to an upside trajectory. Will this be sustainable?
Buy Above – 19400 | Stop Loss – 19300 | Target – 19500 |
It’s no surprise that the end of the week will show these signs and with an in-depth analysis of the market we understood that Nifty’s last session opened the flat and seemed to be witnessing strong selling pressure.
Nifty has formed a small bearish candlestick pattern and traders can expect a sideways to upside movement.
Bank Nifty Hops On Nifty’s bang Wagon and embraces the sideways to an upward trajectory. What’s next for the market?
Buy Above – 44100 | Stop Loss – 43800 | Target – 44400 |
Bank Nifty has been portraying the same signs as Nifty and this is what we’ve noticed. BankNifty in the last session opened flat and seemed to be witnessing a highly volatile session.
It has formed a doji candlestick pattern and traders can expect sideways to upward movements.
Trending Equity News:
Now’s that time of the week when we bring to you the companies that have been making waves in the market. Here are our top contenders:
Jain Irrigation Systems:
The company has received the board nod for short and medium-term fundraising to meet various obligations. It will use promoter allotment to raise money totalling Rs. 76.12 crores. Alpha Alternatives Structured Credit Opportunities Fund, an SPV of Alpha Alternatives Holdings and its associates, will subscribe to share warrants worth Rs 123.43 crore.
IFGL Refractories:
By selling its whole personal interest, foreign promoter Krosaki Harima Corporation, Japan, has left IFGL Refractories. In an off-market transaction, Krosaki sold 55.90 lakh equity shares for Rs 111.8 crore or 15.51% of the total paid-up equity.
Astral:
The Subsidiary Seal IT Services, UK has incorporated a new step–down subsidiary. The main objective of the new subsidiaries is to distribute, transmit & sell building chemicals from the UK into Ireland as an EU-Entity for importer responsibilities.
That’s all folks!!
We’ll be back with more interesting news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease