Is this a good day for Indian indices? Traders will have to keep a keen eye on the market

Another strong day for Indian indices? Traders will have to keep a keen eye on the market

As Thursday morning begins, a bunch of positive data has been flowing in and traders should be excited for their trading sessions today.

So without further adieu let’s begin.

The Bullish trends continue for Bank nifty. Can traders capitalize on the opportunity?

The last session of Niufty was rejected from the downside and it formed a bullish pin bar candlestick pattern. A sideways move is expected today, so please keep that in mind while trading.

Our recommendation:

Sell Below – 18750
Stop loss – 18850
Target – 18650

Bank Nifty is on a rally again. Can it keep up the pace in today’s session as well?

The last session of Bank Nifty seemed strong, selling at a pressure rally. It formed a strong bearish candlestick pattern. We expect some downside moves in Bank Nifty, today. So keep an eye out for updates from us.

Our recommendation:

Sell around – 4400
Stop loss – 44350
Target – 43750

The trending stocks of the day:

It’s that time of the day again!!

Our technical analysts have gone far and beyond to pick the hottest stock in the market for you. So, without further delays, let’s begin!!

It’s SELL calls all day long!!

Sell below – 4335
Stop loss – 4370
Target – 4300


Sell below – 768.50
Stop loss – 774
Target – 763

BUYERS be prepared!!

Buy around – 2338
Stop loss – 2313
Target – 2363

‘Concor’ the Market!!

Sell below – 663
Stop loss – 670
Target – 656


Buy above – 104.5
Stop loss – 102
Target – 107

Trending News:

A lot of important news has just rolled in today. Here’s a rundown of the hottest headlines.

Global private investment firm Bain Capital is likely to sell its Axis Bank state for up to $267 million as per reports. The sale is likely to take place in the offer price range of INR 964 – 977.70 per share.

Smallcap World Fund Inc has sole INR 12.84 lakh equity shares or 1.6% stake in AAVAS Financiers via open market transactions at an average price of INR 1349.94 per share, which amounted to INR 173.43 crore.

Sangam(India): Madhuri Madhusudan Kela has bought additional 8.4 lakh shares or 1.67% stake in the textiles and apparel company via open market transactions, at an average price of INR 268 per share.

That’s all the info we have for today, we’ll be back with more tomorrow, so stay tuned!!

Commodity Samachar
Learn and Trade with Ease