Bullish Share market on 8may, 2023
Market opened on strong note on 8may, 2023. Monday’s trading session was quite positive. All sectors Sensex, bank nifty, nifty50 on green. In the mid of the day bank nifty was on side wages in market. Always remember that one thing don’t take trades when market is on side wages because if you take call and market indicates on low side it can gives you huge loss. In the side wages always avoid trading in future and options.
Technically after a last Friday correction the benchmark nifty one more time took support. I feel traders should continue on cautions approach until we see some stability meanwhile stick with the stock market on short positions.
After Friday negative Session market is witnessing all round buying, today the index remains a bullish candle. You can trade comfortably on Nifty charts. Sensex up on 726 points today. In the banks Indusind bank was the biggest gainer today. Meanwhile I can say that it was on bullish share market. In that type of market always keep on tight stop loss on options trading. At the end of the day all sectors Sensex, nifty50, bank nifty closed on green note.