Indian There was a significant rise in the stock market on Wednesday. Both Nifty and Sensex had created new all-time high levels in the trading session. The Sensex closed at 72,038 on Wednesday with a gain of 0.98 per cent or 701 points. At the same time, the National Stock Exchange index Nifty closed at 21,654 on Wednesday with a gain of 1 percent or 213 points. On Wednesday, except Nifty Oil and Gas, all the sectoral indices closed in the green. The highest rise of 2.06 percent was recorded in Nifty PSU Bank. Let us know which shares can remain in trend today on Thursday.
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 JK Paper, Bombay Burmah, Gland Pharma, Kalyan Jewellers, Grindwell Norton and Laxmi Organic Industries. 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 Sharda Cropchem, Sundaram Finance, Piramal Enterprises, Bajaj Finance, IOB and Oracle Financial Services. 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 Hindalco, UltraTech Cement, Bajaj Auto, Tata Motors, JSW Steel, Tata Consumer Products and IndusInd Bank. 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 Wednesday.
(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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