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Stock Market Opening: Today, business has opened with a slight boom in the Indian Stock Market and Nifty and Sensex are trading in the upper range. Today, the domestic market is not getting any special support from the global markets and the market is trying to rise only on the basis of buying by domestic investors.
how open market
In today’s business, the BSE Sensex has managed to open at 60,716 with a gain of 60.31 points. Apart from this, the Nifty of NSE opened at the level of 18,074 with a slight gain of 21 points i.e. 0.12 per cent. In today’s business, the stock of Reliance Industries is trading with a decline and due to this, the sentiment of the investors is not visible for this stock.
Sensex and Nifty condition
Today, out of 30 Sensex stocks, 20 stocks are trading with a boom and 10 stocks are trading in the range of decline. On the other hand, 34 out of 50 stocks of Nifty are seeing a boom today and trade is being seen in the red mark with weakness in 16 stocks.
Expert opinion on the market
Share India Of VP, Head of Research Dr. Ravi Singh says that after opening near the level of 18050-18100, the stock market is expected to remain in the range of 17950-18150 in the day’s trade. Today the outlook for the market is becoming upward. Today’s strong sectors include the names of FMCG, Energy, Realty, Infra sectors. At the same time, shares of PSU Bank, Media, and Pharma are visible in the sectors with weakness.
trading strategy for nifty
To buy: Buy above 18050, target 18130, stoploss 18000
For Sell: Sell below 17950, target 17870, stoploss 18000
Support 1- 17936
Support 2- 17819
Resistance 1- 18121
Resistance 2- 18189
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