A flat trend was observed in the stock market on Tuesday due to global markets. Sensex and Nifty closed marginally higher after opening on a positive note. Nifty maintained its previous close of 25,000. Sensex rose 14 points to close at 81711 points, while Nifty futures index closed at 25017 points, down 26 points. .while the Bank Nifty future index closed at 51256 points with a rise of 37 points. Asian stocks are also trading in a mixed tone amid rising tensions between Israel and Hezbollah and a drop in the US stock market. Notably, Sensex and Nifty have been continuously striving to reach their record highs. Yesterday, Nifty closed at the level of 25000 and gave a bullish message to the investors. In the sectoral index, Nifty media remained on top today. It closed at 2,149 with a gain of 4.10%, while the Nifty Pharma closed at 22,729 with a gain of 0.77%. Following this, Bank Nifty rose 0.26% to close at 51,279, while Nifty Realty rose 0.20% to close at 1,038, while Nifty Metal fell 0.61% to close at 9,433. After this the Nifty MNC closed down 0.21% at 30,945. At the same time, Nifty Auto declined by 0.11% to close at 25,912. Top gainers in today's trade include Reliance, TVS Motors, Indigo, Bharti Airtel, Mahindra & Mahindra, Bata India, Sun Pharma, Voltas, Tata Motors, JSW Steel, Ambuja Cements, Coal India and Hindustan Unilever. Today's list of top losers has increased. Stocks like TCS, Larsen, Sun TV, Dabur, Cipla, Kolpal, Adani Ports, Havells, Infosys, Tata Chemicals, Kotak Mahindra Bank, HCL Technology, Jindal Steel, DLF have declined. Out of a total of 4051 scrips traded in BSE, the number of losers was 1812 and the number of gainers was 2150, 89 stocks saw no change in price. While 05 stocks had only seller's bearish lower circuit, 03 stocks had bullish only buyer's upper circuit. NIFTY FUTURE TECHNICAL LEVEL NIFTY FUTURE CLOSE :- ( 25017 ) :- NIFTY FUTURE NIFTY FUTURE 25088 POINTS TO 25108 POINTS 25108 POINTS 25108 POINTS 24808 POINTS 24808 POINTS 24808 POINTS 24808 POINTS 24808 POINTS 24808 POINTS Positioning around carefully. BANK NIFTY FUTURE TECHNICAL LEVELS BANK NIFTY FUTURE CLOSE :- (51256) :- The next move is likely to see the Bank Nifty Future touch the first important level of 51088 points and 50979 points from 51303 points to 51373 points, 51404 points in the context of very important strong stoploss trading. .50979 making a position cautiously around the point. Specific technical level regarding future stock Reliance Industries (3002) :- The share price of this leading Reliance Group company is currently trading around Rs.2929. Buyable with a stoploss of Rs.2909, this stock is likely to register a price of Rs.3033 to Rs.3047 in a short period of time…!! Bullish focus on Rs.3060. Balakrishna Industries ( 2826 ):- Positive breakout around Rs.2800 as per technical chart…!! Buyable from the support of Rs.2770, this stock is likely to register a price of Rs.2844 to Rs.2860. TVS Motors ( 2743 ) :- According to the technical chart, this stock of the 2/3 wheelers sector is likely to trade profitably around Rs.2780 with a target price of Rs.2717 to Rs.2707. Consider a trading stoploss of Rs.2808. Infosys Limited ( 1895 ):- This stock is sellable with a stoploss of Rs.1933 registering an overbought position around Rs.1920..!! It is likely to show the price of Rs.1878 to Rs.1864 in a phased manner…!! Consider a bullish move above Rs.1940. Future direction of the market… Friends, index management in Indian stock markets has witnessed bullish aggressiveness as a result of continuous buying of mutual funds in small, mid cap stocks against comparatively low growth in Sensex, Nifty. . So, against the decline in the prices of some stocks, many other stocks have recorded a big boom. In the coming days, along with the release of India's infrastructure data for the month of July on August 30 and the GDP data for the second quarter, Japan's consumer confidence data will be released on the global front. Since the risk in America is now turning from inflation to employment, it has become necessary to reduce the interest rate, Federal Reserve Chairman Jerome Powell indicated that the interest rate will be cut in the next September meeting. It has become necessary to support the job market by reducing the interest rate. The dosage and timing will depend on the data received. The risk to inflation has declined and the risk to employment has increased. Inflation has come down significantly in recent times, with the next meeting of the Federal Reserve scheduled for September 17-18. The author is a SEBI registered research analyst and proprietor of Investment Point.
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Investment Point-Stock market sees flat trend: Nifty future to remain bullish above 24808 points
