Share Market Prediction on Wednesday : The share market closed on the green mark on Tuesday. BSE Sensex closed at 71,336.80 with a gain of 0.32 percent or 229 points. At the same time, the National Stock Exchange index Nifty closed at 21,441 with a gain of 0.43 percent or 91 points. The biggest gains among Sensex stocks were recorded in NTPC, Mahindra & Mahindra, Tata Steel, Kotak Bank, Wipro and Asian Paint. Financial markets in Australia, Hong Kong, Indonesia and New Zealand were closed on Tuesday due to public holidays. Let us know which stocks may see a rise today.
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 Deepak Nitrite, GAIL, Britannia, Crisil, Supreme Industries and Sona BLW Precision. 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 Adani Green, Indiabulls Housing Finance, Finolex Cables, Rail Vikas Nigam, Finolex Industries and Polycab India. 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 Hero MotoCorp, Hindalco, Wipro, Tata Consumer Products and Coal India. 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 52 week low level on Tuesday.
(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.)
Latest Business News