Nifty And Bank Nifty Trend Indicates Buy

  • by THO
  • 1 year ago
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And Trend Indicates Buy

Stock Market Today – 25th August 2020

Nifty opened at 11508 today. Yesterday the Index had made a day high of 11497 and closed at 11466. Indian Cash Market Index, Nifty Small Cap opened at 5806 today. The major players of the market FII & PRO combined hold a net position of 10083 contracts in Index Option as on 24th August 2020. Nifty and Bank Nifty Trend indicates “buy”, market is in uptrend and is likely to continue.

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During the initial days of locked down it was estimated that the real scenario of any company’s position will be visible after June 2020 Quarter results, now that the results are coming in there are certain companies that have shown an EPS and Sales growth of 20% or more. To name a few Under Financial services stocks like Muthoot, Manapurram, etc , Under Pharma sector Divis Lab, IPCA, etc. Beneath Fertilisers and Agrochemicals PI Industries, Bayer (DE:) Cropscience, etc.

On the Global front, the US Index, opened at 3433 today, which happens to be yesterday’s day high. Hong Kong Benchmark Index, opened at 25591, yesterday the index had closed at its day high of 25551. The Japan Benchmark Index, Nikkei opened at 23267 more than 250 points gapup from its yesterday’s close of 22985.

The US 10 Year T-Note is trading at 139.40. The Bond has crucial support at 117.42 made on 5th Nov 2018. The is trading at 93.153.

Major Sector Performance as on 24th AugustMajor Sector Performance as on 24th August

Minor Sector Performance as on 24th AugustMinor Sector Performance as on 24th August

Large Cap Gainers and Losers as on 24th AugustLarge Cap Gainers and Losers as on 24th August

Mid Cap Gainers and Losers as on 24th August Mid Cap Gainers and Losers as on 24th August

Small Cap Gainers and Losers as on 24th AugustSmall Cap Gainers and Losers as on 24th August

Result TodayResult Today

There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the research team. You are advised to rely on your judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

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