Stock Market Opening: The stock market has started with a decline today and the Nifty has hardly maintained the level of 18600. Today Nifty opened at 18600 level with a fall of 100 points. Opening has been seen in Sensex also below 62400. Due to this gap down opening, selling is seen dominating in the stock market.
How did the market open today
Today the market started with a decline and the BSE’s 30-share index Sensex opened at 62,395.55 with a fall of 439.05 points, or 0.70 per cent. Apart from this, the NSE’s 50-share index Nifty has opened with a decline of 100.40 points, or 0.54 per cent, at 18,600.65.
today’s rising stocks
Today, 7 out of 30 Sensex stocks are trading only with a boom and 23 stocks are seeing a decline. In the rising stocks today are shares of IndusInd Bank, Bajaj Finance, Bajaj Finserv, NTPC, HUL, Axis Bank and SBI.
market expert opinion
Dr. Ravi Singh, VP, Head of Research, SHARE India says that today after the opening of the stock market around 18650-18700 levels, levels between 18500-18800 can be seen in the day’s trading. For today, the outlook of the market is bearish and strong sectors will be Metal, PSU Bank, Realty and Bank sectors. On the other hand, looking at weak sectors, IT, energy, auto, infra and pharma shares can remain strong.
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trading strategy for nifty
To buy: Buy above 18800, target 18880, stoploss 18750
For Sell: Sell below 18700, target 18620, stoploss 18750
Support 1-18620
support 2 18535
Resistance 1-18755
Resistance 2-18810
Opinion on Bank Nifty
Dr Ravi Singh says that after opening at 43250-43300 level of Bank Nifty, it is expected to trade in the range of 43000-43600 in today’s trading. Today its outlook for the day is only of decline.
names of today’s falling stocks
If you look at the stocks falling in Sensex today, ITC, Maruti, M&M, Titan, Asian Paints, PowerGrid, Reliance Industries, Kotak Mahindra Bank, L&T, HDFC Bank, UltraTech Cement, ETDFC, ICICI Bank, Nestle, Sun Pharma, Wipro, Bharti Airtel, TCS, Dr Reddy’s Laboratories, Tech Mahindra, Tata Steel, Infosys and HCL Tech are holding the shares.
Strategy on Bank Nifty
To buy: Buy above 43500, target 43700, stoploss 43400
For Sell: Sell below 43300, target 43100, stoploss 43400
Support 1- 43090
Support 2- 42840
Resistance 1- 43475
Resistance 2- 43615
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Stock Market Live: Market starts on decline, Sensex opens below 62400, Nifty opens at 18600
