It’s Tuesday and the stock market India seems to be in dire need of a lift-off or a launch pad.
Nifty and Bank Nifty had witnessed quite a lot of selling pressure in the previous session and have formed a certain trajectory.
The question is, where’s the market headed?
Well, let’s get started with the analysis.
Nifty witnessed high selling pressure. Where’s stock market India headed to next?
Nifty FUT – Sell Around – 19500 | Stop Loss – 19600 | Target – 19400 |
During the previous session, Nifty had opened with a gap down due to selling pressure.
This situation led to the formation of an island reversal pattern.
Traders can expect downside moves in the upcoming sessions.
Bank Nifty faced selling pressure leading to a strong bearish close. What’s next for stock market India?
Bank Nifty FUT – Sell Around – 43950 | Stop Loss – 44250 | Target – 43650 |
During the previous session, Bank Nifty had opened with a gap down and faced selling pressure leading towards a strong bearish close.
This has resulted in the formation of a significant bearish candle.
Traders can anticipate sideways movements on the horizon.
Stock Market India | Trending Equity News:
It’s that time of the day when we take you through the events of the stock market today. So let’s dive into it.
Mahindra and Mahindra Ltd:
Mahindra and Mahindra subsidiary Mahindra Last Mile Mobility received an investment of INR 3 billion from International Finance Corp. This is the first tranche of the total commitment of INR 6 billion made by the financial institution.
Reliance Industries Ltd:
Reliance Industries has received an order from the Deputy Commissioner of State Tax, Jamnagar levying a penalty of INR 4.88 Lakh on the Company under section 73 of the Goods and Services Act, 2017.
IDFC First Bank Ltd:
IDFC First Bank Limited has entered into agreements with the National Securities Depository Limited for the sale of the Bank’s office premises located in Mumbai.
That’s all folks!!
We’ll be back with more news soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease