It’s Thursday and the excitement rages on.
The Indian Indices have been constantly testing the resistance and support like the game ‘pinball’ but is there really hope of improvement in the coming session?
With the RBI monetary policy meeting minutes on the way, there seem to be signs signaling towards an upside move.
So what’s the real story?
Let’s analyze!!
Nifty rebounds from the downside and is poised to soar upwards. Is it sustainable?
Buy Around – 19460 | Stop Loss – 19360 | Target – 19560 |
Our analysts have been on the scene since morning and it’s exciting news all the way for Nifty. The Nifty Index opened with a gap up, tested the previous low and then rebounded from the downside to close positively.
The price action in the previous days has led to the formation of a dragonfly doji candlestick pattern and hence, traders can expect upside moves.
Bank Nifty rejected from the downside but successfully formed a strong bullish candle. Is it going to the top?
Buy Around – 44300 | Stop Loss – 44000 | Target – 44600 |
The Bank Nifty’s last session had opened the gap up and tested the previous day’s closing price. It was rejected from the downside and closed positively.
It has formed a strong bullish candle and upward movements can be expected.
Trending Equity News:
It’s that time of the day when we list out the companies making the rounds in the market. So without further adieu, let’s begin!!
Reliance Industries:
The Qatar Investment Authority will invest $1 billion or Rs 8,278 crore in Reliance Retail Ventures (RRVL), the subsidiary of Reliance Industries, to pick up a stake of 0.99 per cent. The investment values the business at $100 billion, or Rs 8.27 lakh crore, in pre-money equity.
Atul Auto:
Europe-based financial services group company Societe Generale has bought 1.41 lakh equity shares or 0.54% stake in the automobile company via open market transactions, at an average price of Rs 409.54 per share.
Shriram properties:
Foreign company Omega TC Sabre Holdings Pte Limited sold a further 12.83 lakh equity shares in the south-based real estate developer via open market transactions, at an average price of Rs 83.58 per share.
Ceinsys Tech:
Zodius Technology Fund II has sold 3.64 lakh shares or 2.35% stake in the geospatial & engineering services provider, via open market transactions at an average price of Rs 207.65 per share.
That’s all folks. We’ll be back with more news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease