It’s a new day and the stock market India is poised to provide traders with rib-tickling opportunities to invest in the market.
However, with the previous week’s report and the data flowing in today, the trajectory of the market is quite uncertain.
However, an analysis from our research department has surfaced a few clues as to what might be the expected trajectory that the stock market might take.
So without further adieu, let’s get started!!
Nifty displays Buying pressure. Will there be upward movement?
Buy Around – 19800 | Stop Loss – 19700 | Target – 19900 |
Our analysts have been on the scene since morning and quite a lot of research has accumulated not the following findings.
During the previous session, nifty opened with a gap down and showed buying pressure.
it filled the gap and saw a slight resistance on the upside.
This has formed a ‘belt and hold’ candlestick pattern.
Traders can expect upward movements.
Bank Nifty witnesses high selling pressure. What’s next for the market?
Buy Around – 44200 | Stop Loss – 43900 | Target – 44500 |
During the previous session, bank Nifty opened with a gap down, thereby signaling a highly volatile session.
It has filled the gap but faced strong resistance on the upside.
This has formed a bearish pin bar candlestick pattern. Traders can expect sideways moves.
Trending Equity News:
It’s a new week and over the weekend, a lot of companies have made the rounds with interest. Let’s get into it!!
Bajaj Electricals Ltd & Power Grid Corporation of India Ltd:
Bajaj Electricals bags an order of INR 564 crore from Power Grid Corporation of India.
Laurus Labs Ltd:
Laurus labs associate company Immuno Adoptive Cell Therapy Pvt Ltd has received the approval of India’s first CAR-T cell therapy, NexCAR19 for the treatment of B-cell lymphomas and leukemia from the CDSCO.
Intellect Design Arena Ltd:
The company has signed a digital transformation programme with a universal bank in the Philippines, a one-of-its-kind and largest bank-wide transformation program in APAC, cutting across all lines of their business.
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