Bank of Baroda:
Technical outlook: On daily chart Reversal from support levels of 136.Stock forming bullish divergence so its good opportunity for go long taking support from long term support line…can go along with target resistance downtrend line and above.
Strategy for Investment: You may take a position in BANKBARODA Future on the level around 145 for the targets of 150,155 with strict stop loss of 135 below on closing basis.
Bank of India:
Technical Graph: There are 5 occasions since 2016 Bank of India has been saved by 200 DMA, Now 6th time it is standing at 200 DMA, stock bounced from this level now trying to break its resistance of downtrend line.
Strategy for Trading: – You may take a position in BANKINDIA Future on the level around 155 if you are having short term view you may buy BANKINDIA FUTURE, so you can see the level 160,165 of with Stop-loss of 145 below on closing basis.
There are weak indicators from the Global Markets. North Korea’s hydrogen bomb test has spoiled the mood of the markets. Asian markets have slipped. AGX Nifty has seen Negative start today. On the other hand, Dow Future has also softened and it was down 0.25 percent. Global slowdown has worked to put pressure on domestic markets.
Sensex and Nifty movements are sluggish in the initial trading. Nifty is seen around 9960, while the Sensex is showing around 31850. With the slowdown of giant stocks, Small Cap and Mid-dip stocks are showing weakness. However, smallcap stocks are also looking at a little bit. BSE’s Small cap index is showing a modest increase of 0.06 percent to 16140. BSE’s Mid Cap Index is down 0.03 percent Today.
@ Sold Berger Paints below 251 targets 248, 245 Stop loss 254.
@ Federal Bank Buy above 110.5 targets 112, 113.5 Stop Loss 108.
@ Buy Coal India Above 241 targets 244, 247 Stop Loss 238.
The Stocks Market was heavy on Tuesday. Today The Sensex and Nifty both broke more than 1 percent. There was a lot of tension on North Korea’s missile run and its arrival from Japan, which has its impact on the international market. This is the reason why the Indian market is also selling all the way.
The Sensex touched the lowest level of 31388 today, then the Nifty dived to 9796. There is a pressure of all-round sale in the market today. In today’s trading, banking, pharma, metal, FMCG, IT and auto stocks saw a sharp decline.
Before the long weekend, trading in limited scope in the domestic markets was seen today. In today’s trading, the Nifty continued to shine within the 30-point range, while the Sensex was trading in a scope of 130 points. Finally the Sensex and the Nifty were flat and closed.
However, good purchases were seen in mid-caps and smallcap stocks. BSE’s mid-cap index has climbed 0.8 percent, while the Nifty mid-cap 100 Index has gained 0.6 percent. BSE’s smallcap index closed nearly 0.5 percent higher.
BSE’s 30-share index Sensex closed at a level of 31,596, with a marginal increase of 28 points i.e. 0.1 percent. On the other hand, NSE’s 50-share index Nifty rose 4.5 points to close at 9,857 level flat.
Bharat Financial: Buy, Stop loss – 864 RS, Target – 903.
Tata Global: Buy – Above Rs 198, Stop loss – Rs 192, Target – Rs 212.
CG power: buy, stop loss – 78 rupees, target – 87 rupees.
Vijaya Bank: Sell, Stop Loss – Rs 68, Target – Rs 57.
Today, there is an enthusiasm of buying in the stock market. Talking about the Nifty climbing stocks, Tech Mahindra has gained more than 4%. On the other hand, the share of Bank of Baroda was up by more than one percent. At the same time, Cipla has a great speed. On the other hand, if you talk about falling stocks, then there is a trend of decline in Asian Paints, Power Grid and NTPC.
Nifty’s FMCG index was up 2.5 percent, auto index 1.6 percent, metal index 1.7 percent, and pharma index climbed 1.2 percent, as the market today gained the most strength from FMCG, auto, metal and pharma stocks. Banking stocks also saw strong buying after the initial profit recovery in today’s trade, and at the turn of the close.
Today, there has been a sharp decline in domestic markets. Sensex and Nifty have a weakness of 0.7 percent. In this atmosphere of weakness, the Nifty today broke the crucial level of 9900, the Sensex also slipped below 32000. In today’s trading, the Nifty dived to 9893, while the Sensex slipped to 31731.9. Finally, the Nifty closed around 9910, while the Sensex closed close to 31800.
Mid-caps and small cap stocks have also been beaten strongly. BSE’s mid-cap index has dropped by 1.7 percent, while the mid-cap 100 index of Nifty also has a weakness of 1.7 percent. BSE’s Small cap index closed 1.9 percent lower.
BSE’s 30-share index Sensex fell 216.4 points, or 0.7 percent, to close at 31,798 level. The NSE’s 50-share index Nifty closed at 9908 with a weak 70.5 point, or 0.7 percent. Bank Nifty closed 0.9 percent down at 24,375 level.