Stock Market Today: The situation of the market (Share Market LIVE) may change again today. Last week, fear of Iran-Israel war (Iran-Israel) sent global market sentiments to the negative side. Indian Stock Market has suffered the result. That trend may continue on Monday. Even if the market has fallen today, you can see these stocks (Best Stocks To Buy).
What did the market indicate last week?
The market ended a one-month winning streak last week. That trend continued on Friday. However, at the last minute, Dalal Street was closed on Friday. The Nifty 50 index ended up 151 points at 22,147 levels. Meanwhile BSE Sensex gained 599 points and closed at 73.088 mark. Whereas the Bank Nifty index rose 504 points to end at 47,574 levels. In the broader market, the small-cap index ended with a weekly loss of 1.73 percent, while the mid-cap index corrected over 3 percent in the week ended last Friday.
What are the technical analysts saying?
Market experts say the Indian stock market has recovered slightly after Friday’s pullback. The Nifty 50 index ended above the 50-DEMA of 22,110. It made a double bottom around the 21,800 level. You can trust these 6 stocks there.
Which way can Nifty walk today?
The Nifty 50 index is hovering around the 21,800 zone today at the start of the week itself. With a double bottom formation, this indicator needs to break the significant 50-DEMA level of the 22,110 zone for improvement. A rally can be expected only if the index crosses the 22,350 zone in the coming days.
What is the situation of Bank Nifty?
The Bank Nifty index formed a strong bullish candle to end on a positive note near the 47,600 zone, moving above the crucial 50-DEMA level of 47,180 zone from the 46,600 level. A little more growth can be expected here. Nifty today has immediate support at 22,000 level. Resistance is seen here at the 22,300 level. Bank Nifty has a daily range between 47,100 to 48,000 levels
Keep an eye on these three stocks
1]HUL: Buy at 2231, target 2310, stop loss 2185;
2]Grasim Industries: Buy at 2273, Target 2350, Stop Loss 2225;
3]Tata Steel: Buy at 162, target 170, stop loss 158.
Here is their technical chart
1 ICICI Bank: Buy at ₹1067.25, target ₹1140, stop loss ₹1030.
The share price of ICICI Bank is currently trading at ₹1067.25. It has recently formed a bullish piercing pattern by retesting the daily trendline, indicating a possible bullish reversal. ICICI Bank share price on daily scale is showing higher high and higher low pattern, indicating a strong uptrend. ICICIBANK’s RSI now stands at 45.10, indicating a possible bullish direction for the ICICI Bank shares.
2 Maruti Suzuki: Buy at ₹12711, target ₹13700, stop loss at ₹12050
Maruti share price is in an interesting technical part The stock is currently trading very close to the all-time high of ₹12895.70 at the ₹12710.95 level. Once the Maruti share price crosses the mentioned all-time high we can witness a sharp rise in Maruti shares. Critical support level at ₹12050 level will increase buying interest in the stock. The RSI currently stands at 61.53, indicating a supportive environment for price growth. So we can buy Maruti share price at CMP of ₹12710.95. It can be bought on dips around ₹12350 with a stop loss of ₹12050 for a target of ₹13700 and above.
3 Hindustan Copper: Buy at ₹364.10, target ₹430, stop loss ₹320.
Hindustan Copper shares are currently trading at ₹364.10, which is now consolidating above the 345 level. The stock has now touched an all-time high which indicates the stability of the stock. This upward momentum is showing strong trading volume of higher highs and higher lows on the daily chart. For this reason, the stock should be watched on Monday. HINDCOPPER’s overall trend is bullish. The technical chart says, given these signals, the stock’s immediate target could be 430.
(Note: The information provided here is for informational purposes only. It is important to note that investing in the market is risky. Always consult an expert before investing money as an investor. ABPLive.com never advises anyone to invest money here. .This share market related news is provided here only. We do not give any call or tip.
