Weak start of the market, Sensex opened 277 points down at 62016, Nifty opened at 18430

Stock Market Opening: Today, the first trading day of the week has started with a fall in the stock market. In the last trading session of last week, Sensex and Nifty reached record highs, but today the Indian markets opened with weakness. Today, there are sluggish signals from the global market and Asian markets are trading softly. SGX Nifty is also trading down and Dow futures are also trading with weakness.

how open market
In today’s trade, the BSE’s 30-share index Sensex opened at 62,016.35, down 277.29 points or 0.45 per cent. Apart from this, the NSE’s 50-share index Nifty has started trading at 18,430.55 with a decline of 82.20 points or 0.44 per cent.

Market recovery in first 10 minutes
Within 10 minutes of the market opening, the Sensex has fallen by only 5 points and it has come down to 62,288. Nifty has also shown recovery and it is down only 12.55 points. Nifty has come to the level of 18,500.

Sensex and Nifty condition
Out of 30 Sensex stocks, 20 are trading with a rise and 10 with a fall. On the other hand, 23 out of 50 stocks of Nifty are trading fast and 26 stocks are trading with a decline, while one stock is trading without any decline.

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Expert opinion on market movements
Share India Of VP, Head of Research Dr. Ravi Singh says that today there are indications for the market to open at 18500-18550 and it is expected to trade in the range of 18300-18600 during the day. Today’s outlook for the market is bearish. In today’s strong sectors, Media, Realty, Auto, Pharma and Realty stocks can remain and FMCG, Financial Services, Bank, IT and Pharma stocks can trade in the range of weakness.

trading strategy for nifty

To buy: Buy on moves above 18500, target 18580, stoploss 18450

For Sell: Sell below 18400, target 18320, stoploss 18450

support 1 -18460
Support 2- 18400
Resistance 1- 18550
Resistance 2 -18590

Opinion on Bank Nifty
Bank Nifty is expected to open today at 42900-43000 levels and is expected to trade in the range of 42700-43200. Today the market is likely to remain in the lower range.

Trading Strategy on Bank Nifty
To buy: Buy above 43200, target 43400, stoploss 43100

For Sell: Sell below 42900, target 42700, stoploss 43000

Support 1- 42785
Support 2- 42580
Resistance 1- 43260
Resistance 2- 43540

Market movement in pre-open
Today, in the pre-opening of the market, the BSE Sensex was trading at 62086 level with a decline of 206 points i.e. 0.33 per cent. At the same time, the Nifty of NSE remained at the level of 18435 with a decline of 77.15 points i.e. 0.42 percent.

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