Stock Market Opening: Opening on the decline of the market, Sensex opened at 57,752, Nifty opened at 17144

Stock Market Opening: On the first trading day of the week, the movement of the stock market seems sluggish today and it has opened with a fall. However, within 2 minutes of the market opening, the Sensex and Nifty were seen moving from red to green. Overall, the market is trading with volatility.

how open market
Today, the 30-share index Sensex of BSE opened at 57,752.50, down 167.47 points or 0.29 per cent. On the other hand, NSE’s 50-share index Nifty opened at 17,144 with a fall of 40.90 points or 0.24 percent.

What is the opinion of financial experts
ShareIndia’s VP Head of Research Dr Ravi Singh says that after the market opens around 17050-17100, it is expected to trade in the range of 16900-17200 in the day’s trading. Today the outlook for the market is of a downtrend and financial stocks with banks, IT, pharma, PSU banks are expected to trade on the upside. Apart from this, there is a possibility of showing weakness in energy, realty, media, auto and metal stocks.

Support 1 -17120
Support 2- 17050
Resistance 1- 17300
Resistance 2-17415

Trading strategy for today

To buy: Buy when above 17200, target 17280 stoploss 17150

To sell: Sell if below 17000, target 16920 stop loss 17050

Today’s Stocks Rising
Today the number of Nifty’s climbing stocks is 11 and 39 stocks are seeing a decline. Among the rising stocks are Bajaj Auto, SBI, ICICI Bank, Eicher Motors and Hero MotoCorp along with Dr Reddy’s Laboratories, Infosys, Adani Ports, HDFC Life.

Today’s falling stock names
M&M, JSW Steel, Adani Enterprises, Apollo Hospitals, UltraTech Cement, Tech Mahindra, L&T and BPCL are the biggest losers in the shares today.

sectoral index
Talking about the sectoral index, business is being seen today with a decline in auto, IT, media, metal, pharma, consumer durables, oil and gas, realty sectors. Today, business is being seen with a boom in bank shares.

Market move in pre-opening
Today, in the pre-opening, business is being seen with a fall in the stock market. The BSE Sensex was trading at 57631, down 288 points or 0.50 per cent. On the other hand, NSE’s Nifty is trading at the level of 17094 with a fall of 91.25 points or 0.53 percent.

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