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  • 3 years ago
Stock Market Highlights: Domestic indices ended Tuesday’s session in red amid negative global cues. The NSE Nifty 50 dipped 26.45 points or 0.13% to 19,570.85 and BSE Sensex plunged 106.98 points or 0.16% to 65,846.50. What should be you strategy for 9 August 2023 Stock Market, let's know in this video.

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~PR.147~ED.100~HT.178~

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Transcript
00:00 Now the market is waiting for RBI policy
00:05 because when US reduced its rating
00:11 and interest rate increased in US, market expectation changed
00:17 and FII's are in danger of up-binding
00:22 and that's why Nifty and Sensex are facing sideways movement
00:27 Nifty closing was 19571, 26 points down
00:33 Sensex closing was 65847, around 107 points down
00:39 and Bank Nifty positive closing was 127 points, around 44964
00:46 Overall if we understand the structure of the day
00:50 we can see the trader's market and lower and upper range was very small
00:57 Nifty's high was 19634, but low was also very small
01:03 narrow range was 19533
01:07 In this small range, we saw a big hit of mid-cap and small-cap
01:14 and profit booking was less in most of the stocks
01:20 and we can see downfall in most of the sectors
01:24 If we go to the mid-cap stocks, the major stocks that were going to fall
01:30 were GIC, LIC, REL, Infra, Green Power, and Graphite
01:38 which were around 11-10% and Z Media was around 5.5%
01:46 so overall profit booking is less in mid-cap and small-cap
01:52 Today we can see only banking counter giving support
01:56 and small banks are showing more momentum
02:00 and small banks were successful in positive closing
02:03 and if we see the top gainers and losers
02:08 we can see Mixa Trend, Hero Motocop, Simplar, Tech Mahindra, Gale, Wipro, Bajaj Finance
02:16 which were showing 3-1% positive closing
02:20 and if we see the metal counter, Power Grid, Hindalco, iBull, Housing, M&M
02:27 GSW Steel was showing 2% positive closing
02:33 and option data is also showing in a limit
02:39 and if we talk about Y, put side Y was around 19,500
02:43 and call side Y was around 19,700
02:48 and now profit booking is increasing
02:51 so the stock specific movement will be more
02:55 and if we focus on future stocks
03:02 Manipuram is still showing attraction, closing at 144
03:07 target is 148 and can be bought with stop loss of 142
03:14 Bank of Baroda, as I said, is buying in Chhote Majhule
03:17 so can buy Bank of Baroda at 195
03:21 target is 200 and stop loss is 192
03:25 if we go to the third stock, Bhail is again showing attraction
03:30 closing at 99, up side is 105 and stop loss is 95
03:36 overall, the momentum in positive stocks is more in big stocks
03:42 but profit booking is more in small stocks
03:47 if we see the list from sell side, it is long
03:51 but still, Bajaj Auto, Hind Unilever, IDFC, Kotak Mahindra Bank
03:55 National Aluminium, Infosys, IT, Cummins India, SCN
04:00 all these are being hit and this is with a small fall
04:04 but the profit is increasing
04:08 if I talk about the sell trigger
04:11 according to the opportunity, the sell is Hind Copper
04:16 at 147, you can see a fall, 142 is the target
04:21 M6, the exchange counter can be sold, 1611 is the closing
04:27 target is 1590 and can achieve the target
04:32 and can have a downfall from here
04:34 now, as the policy is for day after tomorrow, there is a sideways movement in the market
04:42 [Music]

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