Stock Market Open: Mixed start of the market, with the Sensex falling, the Nifty opened marginally higher

Stock Market Opening: At the beginning of the pre-opening of the domestic stock market, there was a big decline in the Sensex and Nifty, but the fall in the opening market was limited and the Nifty returned to the green mark. Although the Sensex is open in the red mark only. The Indian market is not getting any special support from the global markets.

how open stock market
Mixed business is being seen in the stock market today and trading is being seen in red-green mark in Sensex-Nifty. BSE’s 50-share index Sensex opened at 61,765.86, down 29.18 points, or 0.047 percent. On the other hand, NSE’s 50-share index Nifty opened at 18,376.40 with a gain of 26.70 points, or 0.15 per cent.

picture of sensex and nifty
Today, 19 out of 30 Sensex stocks are trading at a fast pace and 11 stocks are seeing a decline. Out of 50 Nifty stocks, 31 stocks are trading fast and 19 stocks are registering a decline.

market rising stocks
Power Grid, Tata Steel, Kotak Mahindra Bank, HCL Tech, Tech Mahindra, M&M, NTPC, TCS, UltraTech Cement, Infosys, Wipro and Reliance Industries are seeing gains in Sensex today. On the other hand, the shares of Maruti, Bharti Airtel, Bajaj Finance and Axis Bank, Asian Paints, HDFC and Nestle are seeing a boom.

News Reels

today’s falling stocks
In today’s falling stocks of Sensex, HUL, HDFC Bank, Bajaj Finserv, Titan, L&T, Sun Pharma, IndusInd Bank, ITC, SBI, ICICI Bank, Dr Reddy’s Laboratories are seeing a decline.

Market movement in pre-open
Today, a decline was seen in the domestic stock market in the pre-opening of the stock market. The BSE Sensex was trading at 61449.77, down 0.56 percent, down 345 points. At the same time, NSE’s Nifty was trading at the level of 18282.30, falling 67.40 points i.e. 0.37 percent. However, SGX Nifty was also visible in the pre-open market today with a gain of 19 points, rising 0.10 percent to 18452.50.

expert opinion on stock market
Dr. Ravi Singh, VP, Head of Research, ShareIndia says that the market is expected to open today in the range of 18350-18400 and is likely to trade in the range of 18200-18500. At the same time, the outlook of the market is going to be full of ups and downs. Realty, IT, Bank, Financial Services and Media shares can remain in today’s strong sectors. Auto, PSU Bank, Energy, Infra and Pharma shares can remain in the weak sectors.

trading strategy on nifty
To buy: Buy on moves above 18400, target 18480, stoploss 18350

For Sell: Sell below 18200, target 18120, stoploss 18250

support 1 -18285
Support 2- 18200
Resistance 1-18390
Resistance 2 -18430

Opinion on Bank Nifty
Apart from this, 42100-42200 opening levels can remain for Bank Nifty today and it can remain in the range of 42000-42600 in day trading. Today ups and downs can also be seen in Bank Nifty.

Trading Strategy for Bank Nifty

To buy: Buy above 42300, target 42500, stoploss 42200

For Sell: Sell below 42000, target 41800, stoploss 42100

Support 1- 41920
Support 2- 41700
Resistance 1- 42350
Resistance 2- 42560

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *