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乱空 wrote a post · Jul 13 01:51

A wide range of Indian stock indices hit record highs. Over 40 small-cap stocks rose by up to 40%

The BSE large-cap index rose 0.65%, the mid-cap index rose 0.15%, and the small-cap index fell 0.26%.
This week, the BSE Sensex rose 522.74 points (0.65%) to end at 80,519.34, and the Nifty 50 index rose 178.35 points (0.73%) to end at 24,502.20.
On 7/12, BSE SenseX and Nifty50 recorded record highs of 80,893.51 and 24,592.20, respectively.
By sector, the Nifty Information Technology Index and FMCG Index each rose 3.5%, the Nifty Oil and Gas Index rose 2.5%, and the Nifty Media Index rose 1.3%. Meanwhile, the Nifty PSU Bank, Real Estate, and Metals Index each fell 2%, while the Nifty Auto Index fell 1%.
This week, foreign institutional investors (FII) overbought shares worth 3,843.99 rupees, and domestic institutional investors (DII) overbought shares worth 5,390.67 rupees.
“The market was well supported and remained slightly volatile due to profit-taking sales and investor movements to determine future financial results trends. Joseph Thomas, head of research at MK Wealth Management, said, “Towards the beginning of the week, the fiscal season was well received, and since the US inflation rate exceeded expectations, the market began to rise.
“There is a possibility that profit-taking sales will continue ahead of a budget that will become more clear about policy continuity, so the current phase of volatility cannot be denied,” he added.
The BSE small cap index ended flat. HPL Electric & Power, PC Jeweller, Kellton Tech Solutions, Shipping Corporation of India, Rail Vikas Nigam, Sadhana Nitrochem, and Tips Industries rose 20-40%, but GTL Infrastructure, Vikas WSP, and Jaiprakash Associates, Kirloskar Brothers, Puravankara, Paramount Communications, Hitachi Energy India, Patel Engineering Company, Garware Hi-Tech Films, Senco Gold, and Schneider Electric Infrastructure fell 10-22% I did it.
A wide range of Indian stock indices hit record highs. Over 40 small-cap stocks rose by up to 40%
What is the whereabouts of Nifty 50?
Angel One Equity Technical Analyst Rajesh Bossell
Going forward, the market appears to be overbought by various indicators, but there are no signs of weakness, supported by sector rotation, and bulls are taking the lead.
The ideal strategy would be an equity-centered approach that focuses on the day's theme to increase trading opportunities. As for Nifty, it is necessary to pay close attention to the 24200-24150 zone. If this level is broken through, it will be the first sign of weakness, and there is a possibility that it will reach 24,000 or less, holding back the budget.
Meanwhile, prices are trading in uncharted territory, so there is no clear resistance. However, the golden retracement of the panic decline seen on election results day is around 24610, which is technically important, and is seen as an important resistance level along with 24700. Traders need to keep a close eye on these levels.
Mr. Nagaraj Shetty, Senior Technical Research Analyst at HDFC Securities
A long bullish candlestick was formed on the daily chart, and a minor overshadow was attached. Technically, this pattern indicates an attempt to break out an upward hurdle near the 24400-24450 level. Nifty recently ended a one-day decline and seems to have turned upward. Similar movements can also be seen on the daily chart on 6/24, and Nifty has maintained an upward momentum since then.
Nifty's short-term trend remains positive. By surpassing the 24400 level, which is a hurdle, there is a possibility that Nifty will head towards the 24950 level, which is the next upward target in the short term. Immediate support is at 24350.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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乱空
各種ニュースや情報垂れ流してますが、初心者ですのでお手柔らかに🤣
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