Bet on these stocks on Tuesday, then keep distance from these stocks

Bet on these stocks on Tuesday, then keep distance from these stocks

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New Delhi: On Monday, the ongoing decline in the market seemed to stop. On Monday, August 28, both the Sensex and the Nifty closed in the green. Nifty closed above 19,300. At the same time, the Sensex closed at 64,996.60 points with a gain of 110.09 points or 0.17 percent. The Nifty gained 40.20 points. Markets opened with a green mark on Monday amid global cues, but closed with slight gains amid day-long volatility. Midcap and small cap index saw an increase on Monday. Power Grid Corporation, L&T, Cipla, BPCL were top gainers while Reliance Industries, Hindalco, Adani Enterprises, Nestle India were top losers. After Reliance AGM on Monday, its shares will be under watch today. On the other hand, on August 29, the hearing in the Adani-Hindenburg case is to be held. SEBI has submitted its final report to the court. The effect of this hearing can be seen on Adani’s shares today. Today, the stocks showing signs of growth include UPL Futures, Asahi India Glass Limited, including 7 stocks.

There is a boom in these stocks

Momentum Indicator Moving Average Convergence Divergence (MACD) has shown signs of UPL Futures, Asahi India, Mahindra & Mahindra (M&M),
Shares of Lupine, Star Health, Suzlon Energy and Zomato have shown signs of upside. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it gives a bullish signal, indicating that the stock price is likely to witness an upward movement. Similarly, it also indicates recession. That is, today investors can consider these shares.

Signs of recession in these stocks

MACD has indicated bearishness in Adani Ports SEZ, JM Financial, HCL Tech, Visa Steel and CG Power and Industrials. This means that now these stocks have started to decline. That means you should keep a distance from these stocks today. It is important to take care of some things while investing money in the stock market.

Buying visible in these stocks

The stocks which are seeing strong buying include Railtel Corporation, GMDC, Indiabulls Housing Finance, Genus Power and Maharashtra Scooter. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks. Today there are strong buying signals in these stocks. These shares can attract buyers. While investing in shares is always subject to market risks, one must always keep this in mind.

There is selling pressure in these stocks

The stocks which are seeing selling pressure include Rajesh Exports, Kshitij Polyline, Penta Gold, and CMI. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks. You should pay attention to these things before investing in the stock market.

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