Stock Market Open: Market opened on the edge, Bank Nifty reached all-time high, Nifty crossed 18,288

Stock Market Opening: The stock market is open today with a boom and after yesterday’s holiday, today the market is opening with a boom. More bullishness is being seen in Nifty than Sensex. Today Bank Nifty has opened trading at all-time high and it is open near 42,000.

Bank Nifty at its all-time high
Bank Nifty has reached a new peak and with a jump of 145 points or 0.35 per cent, levels are being seen in early trade at the level of 41832.

how open market
Today, the BSE 30-share index Sensex opened at 61,304.29 with a gain of 119.14 points, or 0.19 per cent, in the market rally. Apart from this, NSE’s 50-share index Nifty opened at 18,288 with a jump of 85.45 points or 0.47 percent.

Today’s Sensex and Nifty Shares
In the opening minutes itself, 20 out of 30 Sensex stocks are trading with gains and 32 out of 50 Nifty stocks are trading with a jump and 17 stocks are down. A stock is trading with no change.

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Today’s climbing stock
IndusInd Bank, Nestle, HCL Tech, ITC, Bajaj Finserv, Infosys, Dr Reddy’s Laboratories, Kotak Mahindra Bank, L&T, M&M, Wipro, Axis Bank, UltraTech Cement, Maruti, Reliance Industries, Asian Paints among others. , SBI and ICICI Bank are witnessing the highest growth.

Market move in pre-opening
In the pre-opening of the market today, the stock market was looking completely flat and the Sensex was only visible at the level of 61187 by staying up 2.74 points. On the other hand, Nifty remained at 18234 after gaining 31.65 points or 0.17 percent.

what the experts say
Dr. Ravi Singh, VP, Head of Research, ShareIndia Says that the market can open at the level of 18350-18400 and it is expected to trade in the range between 18200-18600. For today the outlook of the market is upwards. PSU banks, metal, auto, realty and banks can remain in today’s strong sectors. The same weakness can be seen in IT, Pharma, Media, FMCG and Infra.

trading strategy for nifty

To Buy: Buy Above 18400, Target 18480 Stop Loss 18350

To sell: Sell if below 18200, target 18120 stoploss 18250

Support 1 -18090
Support 2- 17980
Resistance 1- 18280
Resistance 2 -18365

Today’s advice for Bank Nifty
Today trade can be opened in Bank Nifty around 41900-41950 level and in day trading Bank Nifty can go to level of 41500-42000. Bank Nifty is expected to remain in the upper range for the day.

trading strategy for bank nifty

To Buy: Buy Above 41800, Target 42000 Stop Loss 41700

For Sell: Sell below 41500, Target 41300 Stop Loss 41600

Support 1- 41420
Support 2- 41160
Resistance 1- 41865
Resistance 2- 42050

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