There can be a big jump in these stocks including Shree Renuka Sugar and IFCI today, do not miss the chance to earn profit
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The National Stock Exchange (NSE) Nifty also closed at 18,726.40 points, up 127.40 points, or 0.68 percent. This was the fourth consecutive trading day of boom in both the markets. On Tuesday, there was a slight increase of 5.41 points in the Sensex and 5.15 points in the Nifty. Among the Sensex companies, Nestle’s stock had climbed the most by nearly three per cent. Tata Steel, Tata Motors, Bharti Airtel, Larsen & Toubro, Power Grid, NTPC, Tata Consultancy Services, Tech Mahindra, Infosys and Axis Bank also advanced.
On the other hand, Kotak Mahindra Bank, Maruti Suzuki, Bajaj Finance, Mahindra & Mahindra and ICICI Bank declined. BSE Smallcap was up 1.15 per cent, while Midcap was up 1.09 per cent. The markets in Europe showed a mixed trend in the afternoon session. A day earlier on Tuesday, an increase was registered in the US markets. Let us know which stocks can remain in trend today.
There is a boom in these stocks
Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Idea, Shree Renuka Sugar, IFCI, Adani Power and HPCL. 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
MACD has indicated bearishness in the shares of Motherson Sumi Wiring, M&M Financial, Adani Enterprises, Tech Mahindra and Mphasis. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are seeing strong buying include Suzlon Energy, Torrent Power, JBM Auto, Greenlam Industries and Max Healthcare. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
There is selling pressure in these stocks
Stocks showing selling pressure include Viji Finance, Bombay Metrics, Sintex Plastics and Future Enterprises. 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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