Stock market blog
Today all the sectors of the stock market opened on the red. Nifty50 and finnifty votality was very slow. Sensex remained volatile. I observe that you have a market that is a waiting mode. Most sectors are ended in green like banks, finance meanwhile auto too ended in red with some losses. At the mid of the day bank nifty started to increasing today’s high. We can say that it was positive trading session for all investors who are mostly invests on futures and options contracts if you take entry and exit on right time in trades. Today nifty volatility is very slow it needs more patience. If you trade carefully this week is earning-heavy week, and we also have April’s F&O expiration; therefore, volatility may increase. Technically, both Nifty and Bank Nifty witnessed a breakout of the bullish flag formed. Monday worst sector in pharmacy. In this type of session you have behave like active trader.
Nifty is just trading in the range of 17,500 on the lower side and 17,800 on the higher side. Now we are seeing a time-wise correction over here and there is no clear trend at present. Any decisive break on either side would dictate the direction of the trend but we are taking a call that yes, markets are likely to head on the higher side. This is a strong demand zone. We hope that next trading session will be positive as today’s trading session.
The Nifty 50 closed at 17,743, which is a gain of 120 points, while the S&P BSE Sensex added 401 points to close above 60,000, at 60,056.