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Stock Market Opening: At the beginning of the pre-opening of the domestic stock market, there was a big decline in the Sensex and Nifty, but the fall in the opening market was limited and the Nifty returned to the green mark. Although the Sensex is open in the red mark only. The Indian market is not getting any special support from the global markets.
how open stock market
Mixed business is being seen in the stock market today and trading is being seen in the red-green mark in Sensex-Nifty. The BSE 50-share index Sensex opened at 61,765.86, down 29.18 points, or 0.047 percent. On the other hand, NSE’s 50-share index Nifty rose by 26.70 points or 0.15 percent.
Opened at 18,376.40.
Sensex and Nifty picture
Today, 19 out of 30 Sensex stocks are trading at a fast pace and 11 stocks are seeing a decline. Out of 50 Nifty stocks, 31 stocks are trading fast and 19 stocks are registering a decline.
Market movement in pre-open
Today, a decline was seen in the domestic stock market in the pre-opening of the stock market. The BSE Sensex was trading at 61449.77, down 0.56 percent, down 345 points. At the same time, NSE’s Nifty was trading at the level of 18282.30, falling 67.40 points i.e. 0.37 percent. However, SGX Nifty was also visible in the pre-open market today with a gain of 19 points, rising 0.10 percent to 18452.50.
News Reels
Expert opinion on stock market
Dr. Ravi Singh, VP, Head of Research, ShareIndia says that the market is expected to open today in the range of 18350-18400 and is likely to trade in the range of 18200-18500. At the same time, the outlook of the market is going to be full of ups and downs. Realty, IT, Bank, Financial Services and Media stocks can remain in today’s strong sectors. Auto, PSU Bank, Energy, Infra and Pharma shares can remain in the weak sectors.
trading strategy on nifty
To buy: Buy when above 18400, target 18480 stoploss 18350
To sell: Sell if below 18200, target 18120 stoploss 18250
support 1 -18285
Support 2- 18200
Resistance 1-18390
Resistance 2 -18430
Opinion on Bank Nifty
Apart from this, 42100-42200 opening levels can remain for Bank Nifty today and it can remain in the range of 42000-42600 in day trading. Today ups and downs can also be seen in Bank Nifty.
trading strategy for bank nifty
To buy: Buy above 42300, target 42500, stoploss 42200
To sell: Sell if below 42000, target 41800 stop loss 42100
Support 1- 41920
Support 2- 41700
Resistance 1- 42350
Resistance 2- 42560
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