Profit booking was seen in the stock market today. After yesterday’s boom, the Sensex fell 368 points to close at 80,235 in this weakened assumption market today. The Nifty fell 97 points to close at 24,487. Bank Nifty fell 467 points to close at 55,043. The rupee fell 5 paise to close at 87.70.
After excellent shopping on the first day of the week, there was a mild pressure in the market today. The Sensex opened 96 points to open at 80,508. The Nifty fell 22 points to open at 24,563. Bank Nifty opened 69 points to open at 55,441. The rupee opened at 87.64 as compared to 87.66. Talking about the sectoral index, there is a selling in the realty sector today. However, the rest of the sectoral index is trading in the green mark.
Why are the markets not able to stand?
– After a big fall, the first bounce is always selling
– Selling of foreign institutional investors is still not over
– Nifty and bank Nifty have not yet crossed any large level
– Trust in recovery is less
– The results still did not get any strong support
– Weekly termination of Sensex has also increased instability
– The danger has not been postponed until the Nifty crosses 24850
Which levels are the most important?
-Nifty 24350-24550, Bank Nifty 54900-55150 strong support
-Nifty 24675-24800, Bank Nifty 55550-55750 resistance limit
– To continue the faster, Nifty needs to be closed above 24600 and Bank Nifty 55600.
– The next big rapid target of Nifty is under the purview of 24765-24850
– The next big target of Bank Nifty is 55850-56000
– Mid-stamolkap share in ‘Wet and Watch’
Fast in shares
Astral Limited:
– Fast fall after weak results
– Selling was advised this morning
Tilaknagar Industries:
– Good boom after the results
Paytm:
– Good trend of strength in stock
– After initial fluctuations, shares again at the highest level of the day
These are the top benefits
TCS
Tatastiil
M&M
LT
reliance
These are the most losses
Tent
Bell
ICICI Bank
Bajfinance
Internal
Today there were many important developments in international and domestic markets. Prior to the meeting of US President Donald Trump and Russian President Vladimir Putin, Ukraine President Volodimir Zelancesi spoke to Prime Minister Narendra Modi on the phone. It is expected that Modi and Zelancesi may meet the United Nations General Assembly next month.
Trump’s revenge on China
Trump has extended the deadline of increased tariffs applied to China by 90 days. These tariffs were going to be implemented from today, but now this decision has given some time to business tension between the two countries. At the same time, Trump announced not to put tariffs on gold, causing gold to fall by $ 50 in the international market to close to $ 3400. Silver also declined by 1.5 percent. In the domestic market, gold fell by Rs 1100 to close to Rs 1 lakh 400 and silver slipped Rs 1400. Crude oil remains below $ 67 per barrel.
