It’s Monday and it’s time for a new trading session to begin.
Indian Indices had faced high volatility in the previous session and it has set the market on a trajectory for upside movement.
What’s next for the market?
Let’s get started!!
Nifty set to soar after witnessing high volatility. What’s next?
Buy Above – 19400 | Stop Loss – 19300 | Target – 19500 |
Nifty has been on an upward trajectory for several days now and the trend isn’t ready to stop anytime soon.
The last session of nifty opened the gap down and saw a highly volatile day. It has formed a doji candlestick pattern and sideways to upside movements are expected to follow.
Bank Nifty hitches the bandwagon to Nifty and soars. Where’s it heading now?
Buy Above – 44100 | Stop Loss – 43800 | Target – 44400 |
Bank Nifty witnesses high volatility as Nifty did and the last session has opened the gap down.
It has formed a pin bar kind of candlestick pattern and trades should expect upward movements.
Trending Equity news:
A few companies set the stage for the market to move and they have quite a lot of interesting news to convey. Here are the companies making waves in the market today!!
Jio Financial Services:
Jio Financial Services (formerly, Reliance Strategic Investments), a demerged entity of billionaire Mukesh Ambani-led Reliance Industries, will be listed on the exchanges on August 21. The exchanges in their circular said the script would be in the Trade-for-Trade segment for 10 trading days.
Infosys:
The Commonwealth of Massachusetts and the Pennsylvania Department of Revenue have imposed a penalty of $1124.6 and $12.28, respectively, on the IT services provider. There is no material impact on financials, operations or other activities of the company.
Titan:
The jewellery-watch-to-eyewear maker has entered into a Share Purchase Agreement to acquire an additional 27.18% equity stake in CaratLane Trading from its founder and his family members, for Rs 4,621 crore in cash. CaratLane is a subsidiary of the company and on completion of the aforesaid share purchase, would result in an increase in shareholding of the company in CaratLane from 71.09% to 98.28% on a fully diluted basis.
Concord Biotech:
Norges Bank on Account of the Government Pension Fund Global has bought 8.99 lakh equity shares or 0.86% stake in the biotech pharma company, via open market transaction, at an average price of Rs 900.05 per share. The stake buy was worth Rs 80.92 crore.
That’s all folks.
We’ll be back with more news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease