It’s Wednesday and the Indian Indices maintain the previous session’s position.
From the break of dawn it has continued its singular direction and the new movement has to be seen.
Without further adieu, let’s get started!!
Nifty witnessed significant volatility and gradually recovered. Can traders expect upside moves?
Buy Around – 19650 | Stop Loss – 19550 | Target – 19750 |
The Nifty Index kicked off with a gap-up opening and showed significant volatility.
During the evening session, it gradually recovered and ended the day on a positive note.
It has formed a hammer candlestick pattern and traders can expect an upside movement.
Bank Nifty follows suit to Nifty and maintains the previous session’s position. Will this sustain in the market?
Buy Around – 44750 | Stop Loss – 44450 | Target – 45050 |
Bank Nifty witnessed an exciting start today, opening with a gap up and showing lots of ups and downs due to high volatility.
However, as the day progressed into the evening session, it began to recover at a slow pace.
It has formed a hammer candlestick pattern and traders can expect upward movements.
Trending Equity News:
Here are the companies that have been making the rounds in the market.
NBCC(India):
The state-owned construction company has signed a contract with the Kerala State Housing Board, for the development of a 17.9-acre land parcel of the board in Kochi. The project value is Rs 2,000 crore.
Sahaj Fashions:
On September 6, the manufacturer of apparel fabric will make its NSE Emerge debut. Shares are being offered for Rs. 30 each. In the trade-for-trade market, the shares will be tradable.
Bikaji Foods International:
Lighthouse India Fund III has offloaded 32.42 lakh equity shares or a 1.3% stake in the ethnic snacks company, via open market transactions at an average price of Rs 480 per share. Foreign company Lighthouse India held a 2.7% stake in Bikaji as of June 2023. However, Plutus Wealth Management LLP has bought 13.5 lakh shares in the company at an average price of Rs 480.11 per share.
Safari Industries:
SBI Life Insurance Company purchased 2.05 lakh shares of the manufacturer of luggage and travel accessories through open market transactions for a total of Rs 77.38 crore and an average price of Rs 3,775 per share.
That’s all for today folks!!
We’ll be back with more info soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease