Business Tips of the Day: Earning opportunity in these shares including MRF and TVS Motors today, big jump may come, full details – business tips today 8th May 2023 shares to watch mrf and tvs motors
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Among the companies included in the Sensex, HDFC Bank registered a huge decline of 5.80 percent. HDFC Ltd.’s share was also a big drop of 5.57 percent. There was a huge sell-off in these companies due to the possibility of large-scale capital withdrawal from the merged company. Apart from these, shares of IndusInd Bank, Tata Steel, Kotak Mahindra Bank, Mahindra & Mahindra, Bajaj Finserv, HCL Technologies, Infosys, Wipro and NTPC were also in the red.
On the other hand, gains in Titan, UltraTech Cement, Maruti Suzuki, Nestle, ITC and Larsen & Toubro were recorded. In other markets of Asia, China’s Shanghai Composite closed down while Hong Kong’s Hangseng closed with gains. Europe’s bourses were trading higher in the afternoon session. US markets were falling. Let us know which stocks can remain in trend today.
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Which stocks will remain volatile
According to the momentum indicator Moving Average Convergence Divergence (MACD), Brightcom Group, Tube Investment, AmaraRaja Batteries, Archean Chemicals Industries and Muthoot Finance may gain momentum on Monday. On the other hand, DLF, CCL Products, ONGC, Adani Wilmar, BLS International Services and IFB Industries may decline. Explain that MACD is known for indicating trend reversal in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession.
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Strong buying seen in these stocks
The stocks which are witnessing strong buying by investors include Rail Vikas Nigam, Engineers India, Chola Investment & Finance, TVS Motors, MRF and Cola Financial Holdings. At the same time, selling pressure is being seen in many stocks. Shares under selling pressure include Team Lease Service, V Mart Retail and Orient Electric.
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