Skip to playerSkip to main content
  • 3 years ago
Stock Market Highlights: It is a rangebound Tuesday for the markets with the broader indices oscillating in a tight range. The Nifty shut shop in the green at 19,341.4, up 0.18% and the Sensex ended trade at 65,075.82, up 0.12%. Realty, metal and power stocks were in the limelight in today’s session with the Nifty Realty Index clocking over 1% gains. What should be you strategy for 30 August 2023 Stock Market, let's know in this video with Dr Ravi Singh.

Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own and not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.


#StockMarket #Nifty #saudakharakhara
~PR.147~HT.178~PR.100~

Category

🗞
News
Transcript
00:00 [Intro Music]
00:05 Today, we saw a flat closing in Nifty.
00:09 And we saw Nifty closing near 19,346.
00:14 Overall, today we saw a positive sentiment developing.
00:18 But still, we are not seeing a very aggressive speed here.
00:23 Especially, if we look at the derivative data, we can see a good y buildup on the call side at the strike of 19,400.
00:34 And on the other hand, we can see a y buildup on the put side at 19,200.
00:41 That means, the area will be between 19,200 to 19,400.
00:47 Now, the impact of Nifty's closing is definitely visible on the market.
00:53 In future stocks, we can see a very aggressive buying.
00:57 If I talk about some of the stocks, then Aarti Industries, Bhel, IGL, Tata Chemical, Jindal Steel, Voltage.
01:06 These are the counters that were seen to be positive closing at 3 to 5%.
01:12 If we look at the seller side, then the profit booking that we saw in most of the stocks,
01:18 we did not see a very deep profit booking.
01:21 Godrej CP, Glenmark, Hind Unilever, Bharti Airtel, and iBull Housing.
01:26 These are the counters that showed a profit booking of 1.5% to 2%.
01:30 Yesterday, iBull Housing had a speed of 11%.
01:33 Today, we saw a correction of 2%.
01:36 And still, we are not seeing a very good sentiment developing here.
01:40 If we focus on Bank Nifty, then it is not growing very aggressively.
01:48 Because, the way the global concerns are here, they are not giving much confidence to the market.
01:54 Right now, it is G20 Summit and because of that, you can see a fast growth in the coming sectors.
02:00 Right now, if we talk about focus stocks, then after the opening of the portfolio,
02:06 you can see DLF for buying, closing at Rs. 494.
02:11 You can see a target of Rs. 520 on the upside.
02:14 Indal will also be pulling back for a target of Rs. 470.
02:19 You can focus on this. The stop loss will be of Rs. 453.
02:23 Also, Tata Steel has come to a closing of Rs. 120.
02:26 There will be an upward trend in this as well, with levels coming up to Rs. 125.
02:29 So, you have to focus on these stocks.
02:32 [Closing Music]

Recommended