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Stock Market Opening: While there was a tremendous fall in the US markets yesterday due to the effect of raising interest rates by the US Federal Reserve, today Indian stock markets have also opened on a strong decline. This was foreseen when the Fed raised benchmark interest rates by 0.75 percent. Nifty has slipped below 18,000 today and Sensex has come down to 60500.
At what levels did the Indian stock market open
Today the market has started in the red mark and the BSE 30-share index Sensex has opened at 60,511 with a big fall of 394.52 points or 0.65 percent. On the other hand, NSE’s 50-share index Nifty has opened at 17,968 with a fall of 114.50 points or 0.63 percent.
Market move in pre-open
Today, in the pre-opening of the market, the stock market is visible in the red mark and this is the effect of the decisions of the Federal Reserve. In the pre-opening, the BSE Sensex was down 337 points, or 0.55 per cent, at the level of 60568. On the other hand, NSE’s Nifty was down by 131 points, or 0.73 percent, at the level of 17951.
Sensex and Nifty condition
In the first 10 minutes, out of 30 Sensex stocks, only 7 stocks are seen rising and 23 stocks are falling. At the same time, 15 out of 50 stocks of Nifty are rising while 35 stocks are trading with a fall.
Sensex rising stocks
Titan, ITC, Axis Bank, Maruti, Bharti Airtel, Sun Pharma, Reliance Industries, Dr Reddy’s Laboratories and Bajaj Finance were among the top gainers in Sensex today.
Giving support to the market by climbing fast.
Today’s Falling Stocks
M & M, IndusIndus Bank, Tata Steel, HUL, HDFC Bank and HDFC, ICICI Bank, Kotak Mahindra Bank, Asian Paints, PowerGrid, UltraTech Cement, HCL Tech, Nestle, TCS, Infosys, Wipro and Tech Mahindra saw business with a decline. Used to be.
What is the opinion of the expert on the market
Dr. Ravi Singh, VP, Head of Research, ShareIndia It says that today the market can open at the level of 18000-18050 and can trade in the range of 17800-18200 for day trading. The outlook for the market today is of a downtrend. The rising sectors may include media, metal, pharma, FMCG and energy indices. On the other hand, shares of PSU Bank, Realty, Auto, Infra and IT sectors may decline.
Technical Trading Strategy for Today
To buy: Buy if above 18200, target 18280 stoploss 18150
To sell: Sell when 18000 goes down, target 17920 stop loss 18050
Support 1 -18030
Support 2- 17975
Resistance 1- 18160
Resistance 2 -18230
Technical Opinion on Bank Nifty
Dr Ravi Singh says that Bank Nifty can trade in the range of 40700-41200 today, while its outlook for the day is only on the downside. Today, the decline in bank shares is being seen, which is dragging down the Bank Nifty.
Understand Technical Strategy on Bank Nifty
To Buy: Buy Above 41200, Target 41400 Stop Loss 41100
For sell: Sell below 41000, target 40800 stop loss 41100
Support 1- 40980
Support 2- 40815
Resistance 1- 41395
Resistance 2- 41640
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