These stocks including JSW Energy and JSPL may rise today, bet to earn profits
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According to traders, selling pressure in information technology stocks, foreign fund outflows and weak global cues weighed on the trading sentiment in the domestic market. UltraTech was the biggest gainer of 3.13 per cent among the Sensex companies. Shares of Kotak Mahindra Bank, Tata Motors, Axis Bank, Maruti Suzuki, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra also registered gains.
On the other hand, Infosys, Tech Mahindra, Tata Consultancy Services, Wipro, Bharti Airtel, HCL Technologies, ICICI Bank and Nestle closed with losses. In other Asian markets, Japan’s Nikkei advanced, while China’s Shanghai Composite and Hong Kong’s Hangseng were down.
Most of the European markets were trading with losses in the afternoon session. A day earlier, the US markets also closed down on Monday. 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 Rashtriya Chemicals, JSW Energy, JSPL and GRS. 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 NBCC, Birlasoft, TCS, Bandhan Bank and Marico. This means that now these stocks have started to decline.
Buying visible in these stocks
The stocks which are witnessing strong buying include Mahindra CIE, Capri Global, Suzlon Energy, Ion Exchange and NMDC Steel. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
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There is selling pressure in these stocks
Shares that are seeing selling pressure include SITI Networks, 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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