Stock Market Opening: The movement of the Indian stock markets today can be called mixed or flat. Nifty and Sensex are doing absolutely flat business as soon as the market opens. Domestic markets are not getting any support from the global markets.
At what levels the market is open
Today, BSE’s 30-share index Sensex opened at a level of 60,652 with a fall of 29.88 points and NSE’s 50-share index Nifty opened at 17,859 after a slight gain of 2.60 points.
expert opinion on stock market
Share India Of VP, Head of Research Dr. Ravi Singh says that today the Nifty is expected to open at 17800-17900 level in the stock market and it is likely to trade in the range of 17700-17950 in the day’s trading. Looking at the strong sectors of the market for today, realty, PSU bank, media stocks can see a boom and business can be seen with a decline in the oil and gas sector along with metal, energy.
Market movement in pre-open
Today, Sensex, Nifty were showing mixed business in the market pre-opening in the stock market. The BSE Sensex was down 83.27 points or 0.14 per cent at 60599 level. NSE’s Nifty was trading at a level of Rs 17876 with a gain of 20 points i.e. 0.11 per cent.
trading strategy for nifty
To buy: Buy above 17900, target 17980, stoploss 17850
For Sell: Sell below 17800, target 17720, stoploss 17850
Support 1- 17778
Support 2- 17684
Resistance 1- 17932
Resistance 2- 17993
What is the expert’s opinion on Bank Nifty?
Dr. Ravi Singh says that Bank Nifty is expected to open at 41500-41600 level today and it is likely to trade in the range of 41400-41700 throughout the day.
Trading Strategy for Bank Nifty
To buy: Buy above 41600, target 41800, stoploss 41500
Sell below 41500 to sell, target 41300, stoploss 41600
Support 1- 41363
Support 2- 41189
Resistance 1- 41752
Resistance 2- 41966
Sensex and Nifty condition
Out of 30 Sensex stocks, only 12 stocks are trading with a boom and 18 stocks are trading with a decline. Apart from this, 35 out of 50 stocks of Nifty are trading in the green mark with a boom and 15 stocks are trading with a red mark of decline.
Today’s rising and falling sectors
Only metal, pharma, FMCG and healthcare indices are seeing a boom and IT, media, PSU bank, realty, consumer durables and oil and gas stocks are trading with a decline in rising sectors today. Bank shares are also trading with a decline.
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