Stock Market LIVE: After last week’s continuous fall, the market (Share Market) showed great momentum again on Monday. Will India’s stock market follow that path today? In that case you can see these three stocks (Stock Price). Market experts are giving advice.
How did the market go on Monday?
Yesterday the Nifty 50 index gained 189 points and ended at 22,336 levels. There the BSE Sensex rose 560 points to close at 73,648 marks. Meanwhile, the Bank Nifty index closed 350 points higher at 47,924. While the advance decline ratio rose to 2.8:1, the broader market indices rose more than the Nifty 50 index.
Which direction can Nifty 50 go today?
Market experts say the Nifty 50 index has regained strength. Currently the index has witnessed a pullback from the lows made near the 21,780 zone. Now the sentiment of this index is very good. Nifty 50 crossed 22,350 level with expectations of further growth in the future. If no new unexpected geopolitical tensions arise, the indicator may gain significance at the 50EMA level of the 22,120 zone.
What can happen to Nifty Bank?
The Bank Nifty index touched the 48,000 zone. The index is expected to rise further with near-term targets of 48,700 and 49,400 levels in the coming days. Indicators can show speed. In that case Bank Nifty needs to trade above the significant 50EMA level of 47,200. Near support in Bank Nifty today is at 22,200 level. In that case resistance will be seen at 22,500 level. Daily range of Bank Nifty will remain at 47,600 to 48,400 levels.
You can trust these three stocks today
1]Tata Customer: Buy at ₹1171, Target ₹1220, Stop Loss ₹1147;
2]SBI: Buy at ₹766, target ₹796, stop loss ₹750; And
3]Apollo Hospitals: Buy at ₹162, Target ₹170, Stop Loss ₹158.
(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.
