New The stock market closed flat on Monday, the first trading day of the year. A slight rise was recorded in both the major indices. Nifty closed at 21,741.90 with a gain of 10 points. At the same time, Sensex increased by 31.68 points and closed at 72,271. On the other hand, Nifty Bank fell by 57.95 points and closed at 48,234 points. On Monday, IT, PSU Bank, Pharma, FMCG, Metal, Realty, Infra and Healthcare indices closed with gains. Apart from this, shares of auto, finance services and private banks closed with a decline. Let us know which shares can remain in trend today on Tuesday.
Charts are showing rise in these stocks
The stocks for which Momentum Indicator Moving Average Convergence Divergence i.e. MACD is giving bullish signals include Sun Pharma Advanced Research, Vodafone Idea, Fortis Healthcare, CESC, LIC and Ashok Leyland. When the MACD crosses the signal line, it gives a bullish signal. These shares may see further rise in future also.
Charts are showing recession in these stocks
Momentum indicator Moving Average Convergence Divergence i.e. MACD has shown bearish signals in the shares of Century Plyboards, SBI Card, Info Edge, Indiamart Intermesh, L&T and Swan Energy. This signal from MACD shows that these stocks have started falling.
These shares crossed 52 week high level
Buying by investors is usually seen in stocks which cross their 52-week high. These shares are Nestle India, Coal India, Wipro, Grasim Industries and Hindalco. Good buying may be seen in these shares in the upcoming sessions.
Which stocks recorded 52 week low?
Selling pressure is usually seen in stocks which register a 52-week low. However, no major stock has recorded a 52 week low level on Friday.
(This is just information. It is not an investment advice. Investing in the stock market is risky. Consult your investment advisor before investing money in the market.)
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