INVESTMENT POINTS-Thursday saw a lot of ups and downs in the stock market: Nifty futures to remain bullish above 25088 points

The stock market turned volatile on expiry on Thursday with Nifty and Sensex closing at new all-time highs, however, both the benchmarks made their new all-time highs.Thursday saw a lot of ups and downs in the stock market, with Sensex touching 82285 during the trading session. While the Nifty future has also crossed the all-time high of 25200. Nifty Future has hit a historical high of 25290. The biggest decliners in today's trading were Nifty Pharma and Nifty Metal, while the Bank Nifty Future index closed at 51490 points with a jump of 62 points. Nifty futures also hit new record highs.In today's trade, Nifty FMCG was the top gainer with a gain of 0.72% to close at 63,163, while Nifty gained 0.61% to close at 43,661. After this Nifty Auto rose 0.54% to close at 26,020 level. At the same time, Nifty IT also closed at 42,592 with a good gain of 0.49%. At the same time, Nifty Metals closed down 0.48% at 9,370 and Nifty Pharma closed down 0.48% at 22,878. Top gainers in today's trade include Reliance, TCS, Kolpal, Torrent Pharma, Tata Motors, Wipro, Infosys, Tata Communication, HCL Technology, Tech Mahindra, Bharti Airtel, Gujarat Gas. Today's top losers include Devise Lab, Indigo, Larsen. Stocks like Mahindra & Mahindra, Tata Chemicals, Dabur, Grasim, Infosys, Sun Pharma, Glenmark Pharma, Cipla, Bata India have declined. Of the total 4047 scrips traded in BSE, the number of decliners was 2531 and the number of gainers was 1420, 96 stocks were unchanged. While in 05 stocks there was an upper circuit of bullish only buyers against a bearish lower circuit of only sellers in 09 stocks. NIFTY FUTURE TECHNICAL LEVELS NIFTY FUTURE CLOSE :- ( 25265 ) :- Next fluctuation is possible Nifty Future may touch the first important level of 25180 points and 25088 points from 25303 points to 25373 points, 25404 points very important level in relation to trading. Positioning around carefully. BANK NIFTY FUTURE TECHNICAL LEVELS BANK NIFTY FUTURE CLOSE :- (51490) :- The next swing is likely to see the Bank Nifty Future touch the crucial level of 51272 points first and 51180 points from 51570 points to 52676 points, 51808 points in relation to very important strong stoploss trading. .51180 making a position cautiously around the point. Specific technical level regarding future stock Godrej Properties (2864):- The share price of this leading company of Godrej Group is currently trading around Rs.2828. Buyable with a stoploss of Rs.2808, this stock is likely to register a price of Rs.2888 to Rs.2894 in a short period of time…!! Bullish focus above Rs.2909. ACC Limited ( 2309 ):- Positive breakout around Rs.2270 as per technical chart…!! Buyable from the support of Rs.2247, this stock is likely to register a price of Rs.2327 to Rs.2340. Lupine Limited ( 2195 ) :- According to the technical chart, this stock of the pharmaceutical sector sector is likely to trade profitably around Rs.2218 with a target price of Rs.2177 to Rs.2160. Consider a trading stoploss of Rs.2230. Aurobindo Pharma ( 1562 ):- This stock is sellable with a stoploss of Rs.1606 registering an overbought position around Rs.1590..!! It is likely to show the price of Rs.1544 to Rs.1530 in a phased manner…!! Consider bullish above Rs.1620. Future direction of the market… Friends, the stock market has reached new highs again. IT stocks have seen an attractive rally with the possibility of a reduction in interest rates by the Fed in America and signs of improvement in the economy. In contrast to the large cap, the amount of profit booking by investors in the midcap shares has increased. Investors are now selling and booking profits due to the attractive bull market for the past few years. On the other hand, SME, small cap stocks have become risky. In Indian stock markets index management Sensex, Nifty against comparatively low growth in small, mid cap stocks has witnessed bullishness as a result of continuous buying by mutual funds. Of course, with portfolio reshuffling, another valuing of capital has been seen against profit booking of funds. So, against the decline in the prices of some stocks, there has been a big boom in many other stocks. In the coming days, India's infrastructure data for the month of July on August 30 and the GDP data for the second quarter will be announced along with Japan's consumer confidence data on the global front. Along with the market trends, Nifty and Ups and downs can be seen in the Sensex. Indian stock markets remained rangebound and eventually closed with corrections amidst the unfavorable environment of growing geopolitical unrest in the Middle East and the strong possibility of interest rate cuts by the American Federal Reserve on the other. The author is a SEBI registered research analyst and proprietor of Investment Point.

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