Stock Market Opening Is Showing Slow Trade Due To Calm Global Trade Sensex Nifty Down

Stock Market Opening: From the pre-market opening signals of the Indian Stock Market, it was predicted that the markets will open today with a fall (Stock Market Opening) and this has happened. Sensex opened with a fall of about 150 points and trading opened below 18100 in Nifty. Mixed business is being seen in the Asian markets. Today the movement of Bank Nifty will be monitored.

How did the market open today

Today, in the opening of the stock market, the BSE’s 30-share index Sensex opened at 60,834.73 with a decline of 144.02 points or 0.24 percent. Apart from this, the NSE’s 50-share index Nifty has opened at 18,093.35 with a decline of 24.95 points or 0.14 per cent.

picture of sensex and nifty stocks

Only 6 out of 30 Sensex stocks are up and 24 stocks are down. Out of 50 Nifty stocks, 9 stocks continue to gain and 41 stocks are trading with a decline. Bank Nifty is trading at 42530 level with a decline of 202 points or 0.47 per cent.

Which stocks are up and which are down

ICICI Bank, Maruti, Tata Steel, Tata Motors, Bharti Airtel and M&M are seeing a boom in the 6 Sensex stocks which are trading fast in the beginning. Losing stocks were HUL, ITC, L&T, NTPC, Bajaj Finance, HDFC, Bajaj Finserv, TCS, Wipro, Nestle, Reliance Industries, Infosys, Titan, Sun Pharma, HDFC Bank, PowerGrid, Asian Paints, Kotak Mahindra Bank, SBI, HCL Tech, IndusInd Bank, Axis Bank, Tech Mahindra and UltraTech Cement declined.

How was the market move in the pre-open

Sensex and Nifty were trading in the red mark today in the pre-open. In the pre-opening of the market, the BSE Sensex was at the level of 60722.77 with a gain of 255.98 points i.e. 0.42 per cent. At the same time, the Nifty of NSE remained at the level of 18099.35 with a decline of 18.95 points i.e. 0.10 percent.

Expert opinion on stock market movements

Dr. Ravi Singh, VP-Head of Research, SHARE India says that today trading is expected to open in the stock market around 18100-18200 and levels of 18000-18300 can be seen in the day’s trading. Market outlook for the day is only bearish. A boom can be seen in the shares of Auto, IT, Media, FMCG in the market today. A decline can be seen in PSU bank, realty and metal sector shares.

trading strategy for nifty

To buy: Buy above 18200, target 18280, stoploss 18150

For Sell: Sell below 18100, Target 18020, Stoploss 18150

Support 1- 18067
Support 2- 18010
Resistance 1- 18187
Resistance 2- 18255

Expert opinion on Bank Nifty

Dr Ravi Singh Bank Nifty is expected to open today at 42700-42800 levels and is likely to trade in the range of 42600-42900 during the day’s trade. For today, business can be seen in the range of decline in Bank Nifty.

Trading Strategy on Bank Nifty

To buy: Buy above 42800, target 43000, stoploss 42700

For Sell: Sell below 42700, target 42500, stoploss 42800

Support 1- 42540
Support 2- 42346
Resistance 1- 43003
Resistance 2- 43273

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