It’s no surprise that every Indian yesterday celebrated this magnanimous moment as Nifty crossed the 20,000 mark and also the domination over Pakistan in the Asia Cup. It was truly a double treat.
Well, coming back to the Indian Indices, it has shown significant growth after several economic indicators gave positive signs for the market and also with investor confidence rising after achieving a common consensus on issues at the G20 Summit.
So what’s the direction the Indian Indices will take moving forward?
Without further adieu, let’s get started!!
Nifty index crosses the significant 20,000 mark!! Where’s the market heading now?
Buy Around – 19980 | Stop Loss – 19880 | Target – 20080 |
It’s been a proud moment for traders and investors alike. Nifty has hit a new all-time high, steadily moving upwards.
it has reached the 20,000 mark and formed a strong bullish candlestick pattern.
Traders can expect sideways to upside moves moving forward.
Bank Nifty continues its upward momentum to the top. What’s next for the market?
Buy Around – 45550 | Stop Loss – 45250 | Target – 45850 |
Bank nifty had started the day with a strong gap-up opening and continued its upward momentum, ending on a positive note.
This was marked by the formation of a strong bullish candlestick pattern.
Traders can expect sideways to upward movements.
Trending Equity News:Â
The Indian Indices have reached new heights and few companies are making the rounds in the market. Let’s dive into the important news!!
KIMS Hospital Enterprises Pvt Ltd:
KIMS Hospital Enterprises Pvt. Ltd a subsidiary of Krishna Institute of Medical Sciences Ltd has made further investment by acquiring an equity stake of 13.24% in M/s Kondapur Healthcare.
Vakrangee:
The technology company has entered into a binding term sheet with private equity investor Aavishkaar Capital to acquire a 48.5% equity stake in Vortex Engineering. Vortex is one of the leading providers of automated teller machines (ATMs), and so far has shipped 10,000+ ATMs across India, Africa and South Asia and Software products to complement ATM hardware.
PVR Inox:
The multiplex chain has announced the opening of a 4-screen multiplex at Smart City Mall at Dharwad, Karnataka. With this launch, the company now operates the largest multiplex network with 1,708 screens across 361 properties in 115 cities.
That’s all folks!!
We’ll be back with more news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease