Stock Market India | Is the upward trend on the horizon for indian indices?

Stock Market India | Is the upward trend on the horizon for indian indices?

It’s Thursday and after a grueling session filled with high volatility and sideways trends, it seems that Indian Indices might be heading on an upward trajectory.

However, the question is, how is this happening and are there chances of hanging trajectories?

Well, let’s answer all the questions right now!!

Nifty witnessed high volatility but seems to be recovering. Upside moves incoming?

Nifty FUT – Buy Above – 19750 | Stop Loss – 19600 | Target – 19900 |

Nifty’s last session opened lower and the session was marked by high volatility. It closed in the positive zone, forming a hammer-kind of candlestick pattern. 

Traders can expect upward movements!!

Bank Nifty follows suit to Nifty’s trajectory. What’s next for the market?

Bank Nifty Fut – Buy Around – 44750 | Stop Loss – 44400 | Target – 45100 |

During the previous sessions, Bank Nifty opened lower and the session displayed high volatility. 

It ended on a positive note forming a hammer candlestick pattern. 

Traders can expect upward movements!!

Trending Equity News:

One more day is left for this week’s session to end, so we must be informed about all the news in the market. 

Let’s begin!!

Aditya Birla Fashion and Retail Ltd:

The retail and apparel company has completed the acquisition of a 5% stake in TCNS Clothing Co. to become a promoter of the women’s apparel brand.

Jubilant FoodWorks Ltd:

The promoter jubilant consumer pledged 2.2 million shares of the company to Bajaj Finance as security for a loan availed by Jubilant Enpro. 

L & T Finance Holdings Ltd.:

The company is likely to sell 47.62 billion rupees of its distressed asset loan book to three asset reconstruction companies by the end of this quarter to help clean up its books.

NBCC(India) Ltd:

NBCC has announced the sale of commercial built-up space in the World Trade Centre, New Delhi at Nauroji Nagar through an e-auction. The area offered for sale is 14.75 lakh sq ft and the value of the area offered is INR 5,716.43 crore.

Infosys Ltd:

Infosys has announced the launch of Infosys Cobalt Airline Cloud (ICAC) a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey. 

That’s all for today folks!!

We’ll be back with more news soon. 

Until then, Happy Trading!!

Commodity Samachar

Learn and Trade with Ease