Can Stock Market India Bounce Back from Weekly Bearish Trends?

Insurance Broker license renewak in India

The renewale process after the tensure period has ended is done in the following way:

The application for renewal must be made to releavnt authority 30 days prior to the license expiry. This specific application must be made in FORM K of Scheule I of the Act. 

In the event the applicatn applies for renewal after the expiry of the license, then a payment of INR 100/- shuld be done with the application. 

As the days extend, the extra fee to be paid increases as well. In the event the application applies 60 days after the expiry, then they would ahve to pay INR 750/-. 

As a part of the process, non applicat will be allowed to aply for renewal of license past the 90 day mark. 

After the xpiry of the licnes, the resumption of the buisess cannot be done except to serve existing policyholders. 

After the expiry of the license, and in the event renl has ot been done in 90 days, then the a new aplication for the license swill ahve to be filed. 

In the event the renewal application has been rejection, it has to be notified by the authority to the applicant.

It was a hectic week for stock market in India and traders as bearish forces slowly grappled with stock market India’s movements.

With strong selling pressure and sideways moves all week, it seemed like there was no escape for stock market India to the top. So with these bearish forces in play, what’s a strategy that traders will have to adopt?

Well, our analysts have gone through the charts and they’ve got a pretty great idea as to how to go about it. Without further aidue, let’s get started!!

Nifty experienced strong selling pressure and ranged trade. Can the stock market India make a comeback?
Buy Above – 19500 | Stop Loss – 19900 | Target – 19100 |

Nifty had opened the flat with strong selling pressures. However, the price traded within a range.

Some geopolitical issues added strength to the selling pressure and analysts as well as trades expected some sideways trends.

Nifty has formed a belt and hold candlestick pattern.

Resistance has been placed at 19800/20000. Support has been placed at 19400/19200.

Bank Nifty experienced selling pressures amidst bearish forces taking over. What’s next for stock market India?
Buy Above – 43600 | Stop Loss – 43900 | Target – 43300 |

Bank Nifty had opened the gap down, tested the 44590 levels and then faced strong selling pressure.

However, the price had traded within a range. Analysts as well as traders expected sideways trends.

it has formed an inverted hammer candlestick pattern.

Resistance has been placed at 44600/45000. Support was placed at 43700/43300.

Stock Market India | Stocks in Focus:

Here are the top contenders for the top positions in this week’s market. Let’s get started with it.


Buy Above – 860 | Stop Loss – 800 | Target – 920 |

Buy Above – 5950 | Stop Loss – 5600 | Target – 6300 |


Buy Above – 5500 | Stop Loss – 5000 | Target – 6000 |

Consumer Durables:

Buy Above – 3080 | Stop Loss – 2800 | Target – 3380 |

Buy Above – 815 | Stop Loss – 760 | Target – 870 |

Stock Market India | Trending Equity News:

It’s the beginning of the week and during the weekend, a lot of companies have been making waves in the market. It’s time to analyse the news and get a better idea of the stock market. So without further adieu, let’s get started!!

Aditya Birla Fashion Retail Ltd:

ABFRL has entered into a Shareholder’s Agreement (“SHA”) and Share Subscription Agreement (“SSA”) for the acquisition of a 51% stake in Style verse Lifestyle Private Ltd on a fully diluted basis for INR 155 crore.

Lemon Tree Hotels Ltd:

The hotel chain has signed a License agreement for a 49-room property in Kasauli, Himachal Pradesh under the Company’s brand “Lemon Tree Hotels”. The hotel is expected to be operational by FY 2025.

Tata Power Company Ltd:

Tata Power Renewable Energy Ltd has signed a Power Delivery Agreement (PDA) with Supreme Petrochem Ltd for a 12.5 MW group captive project through SPV – TP Saturn Limited.

The plant will generate around 27.5 million units of renewable power annually.

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