There can be a big boom in these stocks including Star Cement in the stock market today, do not miss the chance to earn profit
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Tata Steel was down 3.45 per cent in the Sensex pack. While Tata Motors was down by 3.19 percent. Bajaj Finserv, NTPC, JSW Steel, SBI, Larsen & Toubro and Bharti Airtel were also major losers. Brent crude was up 0.80 per cent at $85.59 a barrel as the dollar strengthened.
Firoz Aziz, Deputy CEO of Anand Rathi Wealth, said that the rating of the US government has been reduced, so its effect is being seen at the entire global level. Therefore, there was an all-round decline in the domestic market. Although India’s long term growth is positive. The US downgrade coupled with slowing industrial activity in the euro area and China has raised concerns.
On the other hand, Khemka, Head of Equity, MOSFL, said that with the increase in bond yields in the US, selling by foreign institutional investors kept the domestic market in losses, its effect may be visible for a few days. Market can now focus on other fundamental factors like earnings, crude oil prices, RBI policy and fund flows.
There is a boom in these stocks
The momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on RattanIndia Infra, GE Power, Star Cement, Man Industries and Laurus Labs. MACD is known to signal trend reversals 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.
Signs of recession in these stocks
The MACD has indicated bearishness in the shares of Bank of Maharashtra, BEL, Union Bank, SBI and Canara Bank. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Star Cement, BEML, Finolex Industries, Mishra Dhatu Nigam and Escorts. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
There is selling pressure in these stocks
The stocks which are under selling pressure include Campus Activewear, Sintex Plastics, Viji Finance and SREI Infra.
Are included. 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.
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