It’s Thursday and pretty much time for today’s equity outlook. So let’s see what the market has in store for us.
Let’s begin!!
Will the Sideways pattern continue in Nifty today as well?
Our technical analysts noticed that the last session of Nifty was rejected from the downside and it formed a doji candlestick pattern. The pattern usually means that the buy and sell lines are closer to each other and may not be advantageous for traders. Our technical analysts expect more sideways moves.
Our recommendation:
Sell around – 18940
Stop loss – 19100
Target – 18750
Bank Nifty also seems to be following the same sideways pattern. What should traders look out for?
The last session of Bank Nifty was rejected from the downside and formed a doji candlestick pattern. We expect more sideway moves today.
Our recommendation:
Sell around – 44150
Stop loss – 44500
Target – 43800/43600
Trending Stocks of the Day:
SHARES YOU CAN TRUST!!
BUY APOLLOTYRE FUT
BUy around – 415
Stop loss – 407
Target – 423
SELL!! SELL!! SELL!!
BALAKRISIND FUT
Sell below – 2460
Stop loss – 2500
Target – 2420
SELL NOW!!
MM FUT
Sell below – 1370
Stop loss – 1410
Target 1330
A TRUSTED BANK STOCK!!
SELL FEDERALBNK FUT
Sell below – 123
Stop loss – 125
Target – 122
IT’S SELL TIME!!
SELL CHOLAFIN FUT
Sell below – 1125
Stop loss – 1157
Target – 1093
Trending Equity News:
SBI Mutual Fund acquired a 3.96% stake in the HDFC asset management company through open market transactions on June 20 and raised shareholding to 6.86% from 2.9% earlier.
In the past three months, Life Insurance Corporation of India has sold a 2.07% interest in the government-run iron ore company through open market transactions. As a result, LIC’s ownership of the company dropped from 11.69% to 9.62%.
Madison India Opportunities IV, the private equity fund managed by Madison India Capital Advisors, has sold 80.06 lakh equity shares or 1.6% stake in the housing finance company via open market transactions at an average price of Rs 246.45 per share. The stake sale brought in 197.31 crore rupees.
Europe-based financial services group Societe Generale has bought 2.96 lakh shares or 0.56% equity stake in the diagnostic and preventive care laboratories chain at an average price of Rs 527.93 per share.
That’s all for today, we’ll be back tomorrow with more info.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade With Ease