Today there is a possibility of a rise in these stocks including Union Bank, IRB Infra
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On the other hand, gainers included Tata Motors, Hindustan Unilever, Asian Paints, Sun Pharma, Nestle, Tata Consultancy Services, Wipro, Bajaj Finance, Axis Bank and IndusInd Bank. Meanwhile, institutional investors made substantial purchases in Coal India shares. This is the government’s first share sale in the current financial year. Bids worth Rs 6,500 crore were received on the first day of the offering. The BSE Smallcap (small companies index) and Midcap (medium sized companies index) indices rose 0.61 per cent and 0.11 per cent respectively.
In other Asian markets, South Korea’s Cospi and Hong Kong’s Hangseng were in losses while Japan’s Nikkei and China’s Shanghai Composite were in profit. There was a bullish trend in early trade in major markets of Europe. Let us know which stocks can remain in trend today.
Which stocks will remain volatile
According to the Momentum Indicator Moving Average Convergence Divergence (MACD), IRB Infra, NBCC, Union Bank and Alok Industries may see a bumper bounce on Friday. On the other hand, Kotak Mahindra Bank, Max Healthcare, Vedanta, TVS Motor and SBI Cards may decline. Explain that MACD is known for indicating 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.
Strong buying seen in these stocks
The stocks which are witnessing strong buying by investors include Essel Propack, PNB Housing, Zensar Tech and 3M India. At the same time, selling pressure is being seen in many stocks. Stocks under selling pressure included Bombay Metrics, Sheetal Cool, SITI Networks and Viji Finance.
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talk to a financial advisor
It is not right to invest in the stock market without knowledge. Before investing in the shares of any company, do talk to your financial advisor once. If you do not do this, you may have to suffer financially.
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