Stock Market: Market rises, Sensex near 59250 in early trade, Nifty opened at 17568

Stock Market Opening: The stock market has got strong support from the US market yesterday and today the Asian markets are also getting support. Before the market opened, the movement of Sensex and Nifty was seen well in the pre-opening itself and they were trading at the upper level.

Market condition in early minutes
If we look at the condition of the market in the opening minutes, the Sensex is trading at 59,249.21 with a jump of 288.61 points, or 0.49 percent. Apart from this, NSE’s Nifty
It is trading at 17,546.80 with a gain of 59.85 points or 0.34 percent.

At what levels open market
In today’s trading, the BSE 50-share index Sensex started at 59,196 and NSE’s Nifty has managed to open at 17,568.15.

Dr. Ravi Singh, VP, Head of Research, Share India had given an estimate that today the stock market can open between 17450-17500 and today the trading range of the market for the day can be between 17300-17600. Today the outlook for the market is upper level and strength will be seen in PSU Bank, Media, Auto, Realty and Energy sectors. Weakness can be seen in smallcap stocks with pharma, financial services, IT today.

trading strategy for the market

To buy: Buy when above 17500, target 17580 stop loss 17450

To sell: Sell if below 17300, target 17220 stop loss 17350

Support 1-17435
Support 2- 17390
Resistance 1- 17530
Resistance 2 -17600

Today’s outlook on Bank Nifty
Dr. Ravi Singh Says that today’s outlook for Bank Nifty is upper bound and it is expected to trade at the level of 40200-40700 in the day’s trading. Today, fast deals can be done in Bank Nifty.

trading strategy for bank nifty

To buy: Buy if above 40400, target 40600 stop loss 40300

To sell: Sell if below 40200, target 40000 stop loss 40300

Support 1- 40160
Support 2- 40000
Resistance 1- 40460
Resistance 2- 40600

Today’s Stocks Rising
Today 20 out of 30 stocks of Sensex are trading with a jump. These include HDFC, HDFC Bank, PowerGrid, Axis Bank, UltraTech Cement and Titan along with L&T, Bajaj Finance, Reliance Industries, Asian Paints, Maruti, Bharti Airtel, NTPC, Bajaj Finserv, Tech Mahindra, Kotak Mahindra Bank, Dr Reddy’s Labs, ICICI Bank, ITC and M&M shares are seeing a jump.

Today’s Falling Stocks
Today 10 out of 30 stocks of Sensex are trading with a fall. Among these, shares of ITC, Wipro, TCS, HUL, Nestle Industries, Tata Steel, Infosys, Sun Pharma, HCL Tech, IndusInd Bank and State Bank of India are seeing a decline.

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