Stock Market Opening: The Indian stock market has started today with a tremendous jump and the Sensex has opened near 60250. The market is getting big support and Nifty has come near 18000. Opening has been seen in Nifty today above 17900. Today, the rise of the market is a big hand in the rise of bank stocks along with the midcap.
how open market
Today the stock market has started with good momentum, in which the 50-share index Sensex of BSE 287.11 marks ie is open at 60,246.96. NSE’s 50-share index Nifty 123.40
Market move in first 10 minutes
In the first 10 minutes of the market opening, the Sensex is seeing a jump of more than 500 points. The Sensex jumped 519 points and is up 0.87 percent and has come to 60,479. Nifty is also trading at 17937 with a gain of 150 points or 0.85 per cent.
Market move in pre-open
Today, in the pre-opening of the market, the BSE Sensex was trading at the level of 60175 with a gain of 215 points or 0.36 percent. On the other hand, NSE’s Nifty was seen at the level of 17892 with a jump of 105 points or 0.59 percent. The market’s pre-opening signals had given an idea of the stock market’s opening today being spectacular.
Expert opinion on the market
Dr. Ravi Singh, VP, Head of Research, Share India Says that today the stock market is expected to trade in the range of 17800-18200. The outlook for the market today is upward. Auto, Energy, Infra, FMCG and Financial Services stocks can remain in strong sectors of the market and metal, pharma, smallcap, IT and media stocks can remain in weak sectors.
trading strategy for the market
To buy: Buy when above 18000, target 18080 stop loss 17950
To sell: Sell if it goes below 17800, target 17720 stop loss 17850
Support 1 -17725
Support 2- 17665
Resistance 1- 17840
Resistance 2 -17900
What is the opinion of the expert on Bank Nifty
Dr. Ravi Singh, VP, Head of Research, ShareIndia Says that Nifty is expected to open in the range of 41300-41400 today and it is likely to trade in the range of 41000-41600 level in the day’s trade. For today, Bank Nifty has an upward trend.
bank nifty today strategy
To buy: Buy when above 41300, target 41500 stop loss 41200
To sell: Sell if below 41000, target 40800 stop loss 41100
Support 1- 40725
Support 2- 40460
Resistance 1- 41370
Resistance 2- 41750
Which stocks are up or down?
Today 28 out of 30 Sensex stocks are trading with a jump and only NTPC’s share with Tata Steel is in the red mark of decline. The remaining 28 stocks are in the green. 47 out of 50 Nifty stocks are trading with a jump. Here too, only NTPC, Tata Steel and UPL are in decline and rest of the stocks are up.
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