It’s Tuesday and stock market India is poised for a fiery start once again!!
As per the recent analysis, the market has been facing high volatility and due to this, the erratic movement may lead to upside moves soon.
but will it make it there?
Let’s get started on the analysis and understand what’s going on!!
Nifty witnesses high volatility in stock market India but is it poised for upside moves?
Nifty FUT – Buy Above – 19800 | Stop Loss – 19700 | Target – 19900 |
During the previous sessions, Nifty had started with an upward gap and the session appeared to be highly volatile.
The price tested against the 50 DMA but was rejected from moving higher. This formation is known as a pin bar and inside bar candlestick pattern.
Traders can expect more upward movements in the upcoming sessions in stock market India.
Bank Nifty witnessed high volatility and is headed for upward moves. What’s next for stock market India?
Bank Nifty FUT – Buy Above – 45050 | Stop Loss – 44750 | Target – 45350 |
During the previous session, Bank Nifty had started with an upward gap and the session seemed to be highly volatile.
The price was rejected both at upward and downward trajectories
This formation is known as an inside bar candlestick pattern.
Traders can expect upward moves incoming in stock market India.
Stock Market India | Trending Equity News:
It’s that time of the day when we dive into the intricacies of stock market India and report all the news making its way into the markets today. So without further adieu, let’s dive in!!
Vodafone Idea Ltd:
The Telecom Regulatory Authority of India has likely levied a fine of 10.17 million rupees on Vodafone Idea for failure to curb unsolicited commercial communications sent through its network.
Maruti Suzuki India Ltd:
In another set of events, Maruti Suzuki has received a show cause notice from GST for July 2017 to August 2023, “proposing to demand interest and impose a penalty, besides appropriating tax already pain amount to INR 1393 million,
Zee Entertainment Enterprises Ltd:
Zee UK Max Limited, a wholly owned step-down subsidiary company of the Company has been incorporated in the UK.
Godrej Agrovet Ltd:
The company is poised to set up an integrated Palm Oil Complex in the state of Telangana. The Company will invest INR 300 crore over the next 3-4 years.
Lemon Tree Hotels:
Lemon Tree Hotels have signed a Franchise Agreement for an upcoming Hotel under the Company’s Brand – Lemon Tree Resort at Somnath, Gujarat. The Hotel will feature 52 well-appointed rooms and is expected to be operational in FY2025.
TVS Motor Company Ltd:
TVS Motor Company registered a growth of 6% in September 2023 with sales of 402,553 units as against 379,011 units in September 2022.
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
Also Read: Stock Market India | Amidst Weak Weekly Trends Is There Hope For Recovery?, Stock Market India | Is Dr. Lal Pathlab the Hot Stock to Consider? Analysts Advise ‘Go for It!’