By The market ended a very unstable session on a negative record on August 4, taking a strolling victory six days before the results of the three -day monetary policy committee meeting on Friday.
BSE Sensex fell 52 points to 58,299, while Nifty50 found more than 200 points of loss and closed only 6 points lower at 17,382 and formed a bearish candle on yesterday’s daily graph.
In a wider space, there is a mixture trend in the middle of a weak width. The Nifty Smallcap 100 index obtained four percent of Around 1,047 shares declined to 901 advanced shares in NSE.
India Vix, after a small break on Wednesday, jumped 4.37 percent to 19.26 levels on Thursday, the day of the weekly expiration. In the last four days, the index has increased by 16.35 percent in the midst of geopolitical tension between Taiwan and China, and in front of interest rates by the central bank.
Stocks that are in action and outperform more space include astral which has a strong gap and rose 4.2 percent to be closed at 1,963.2 Hospital, the highest closure since May 5 and forms large bullish candles on daily graphs with higher volumes.
Redington (India) is the second stock that also sees strong purchase interest and has a opening gap. It rose 9.1 percent to RS 139.55, and form a large pattern of bullish candidates on a daily graph with a much higher volume.
Kei Industries also has a opening gap and collects 7 percent to end in the high closing record of 1,389.25 Hospital. Stocks have seen a strong bullish candle formation on a daily graph with a very large volume.
This is what Shrikant Chouhan recommended from the Securities box that investors must do with these shares when the market continues today’s trading:
Astral
After the short -term correction, the stock took support near the 1,580 hospital and reversed. After the reversal, this month so far, he gathered almost 10 percent. It also forms long bullish candles on daily and weekly graphs that are mostly positive.
Technically, the promising positive momentum shows further upside down from the current level. For traders who follow the trend, RS 1,900 will act as a determinant of the trend, above it can move up to 200 high school days (on average moving simple) RS 2,020-2,050. On the other hand, under the 1,900 hospital, traders might prefer to get out of the long trading position.
Redington (India)
On Thursday, the shares gathered almost 9 percent. Opened with gap up and quickly exceeded short -term resistance RS 135 with strong volume activity. Although the market conditions are weak, Redington (India) maintains its strong momentum throughout the day.
Within the short -term time frame, stock has formed a strong price volume pattern. The texture of the pattern shows the escape action will continue in the near future if the stock successfully trading above the RS 134 level.
For escape traders, RS 134 will be a sacred level, and the above trading is the same we can expect a wave of uptrend to the 150-155 hospital.
Kei industry
In this quarter so far, shares have gathered more than 20 percent. On Thursday, the stock made the highest of all time of the time of the hospital 1,400. In daily and intraday graphs, stock holds a higher lower series pattern that shows the continuation of the uptrend in the near future.
For traders who follow the trend, RS 1,300 can be a key level to be watched and if the stock successfully trading above, then we can expect a wave of uptrend to the 1,500-1,570 hospital.
On the other hand, under the 1,300 hospital, traders might prefer to get out of the long trading position.