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Stock Market: Market bounces after opening flat, Sensex crosses 60 thousand, Nifty above 17800

Stock Market Opening: Today the market has started almost flat and NSE’s 50-share index Nifty opened at 17,756.40 with a marginal gain of 19.45 points or 0.11 per cent. At the same time, the BSE 50-share index Sensex opened at 59,746.80 with a slight decline of 10.04 points or 0.017 percent.

Sensex-Nifty condition in first 10 minutes
In the first 10 minutes of the market opening, there is a boom in the market and a gain of about 250 points is being recorded in the Sensex. BSE Sensex has gone above 60,000. It has touched the level of 60,018. On the other hand, Nifty has crossed the level of 17800 and it has come to the level with a jump of 68 points.

Image of Sensex and Nifty shares
Out of 30 Sensex stocks, 24 stocks are seen trading with green marks and 6 stocks are seeing a decline. On the other hand, 38 out of 50 stocks of Nifty are seeing an increase while 12 stocks are declining.

Today’s Stocks Rising
HDFC is the top gainer in Sensex today followed by NTPC, Sun Pharma, Bajaj Finserv, Reliance Industries, Maruti, Bajaj Finance, Kotak Mahindra Bank, Asian Paints, HDFC Bank, Titan, Wipro, Bharti Airtel, Titan, HDFC, ITC, HUL , L&T, HCL Tech, IndusInd Bank, Tech Mahindra, ICICI Bank, UltraTech Cement and Nestle are seeing a jump in the shares.

Market move in pre-opening
Today, Sensex and Nifty were showing mixed business in the pre-opening of the market. Nifty was visible in green mark and Sensex in red mark. The BSE Sensex was trading at the level of 59746 with a slight decline of 10.45 points or 0.02 percent. On the other hand, the Nifty of NSE was trading at the level of 17756 with a slight increase of 19.45 points or 0.11 percent.

Expert opinion on the market
Dr. Ravi Singh, VP, Head of Research, Share India It says that today the stock market can start between 17750-17800 and for today Nifty is expected to trade in the range of 17600-17900. Today the stock market is likely to trade only in the upper zone, today the stocks of metal, realty, energy and oil and gas sectors are expected to show strength and the IT, auto, FMCG sectors are likely to show weakness.

stock market trading strategy for today

To buy: Buy if move above 17750, target 17830 stop loss 17700

To Sell: Sell if it goes below 17600, target 17520 Stop Loss 17650

Expert opinion for Bank Nifty today
Dr Ravi Singh says that Bank Nifty can open at the level between 41300-41400 today and it is expected to trade in the range between 41000-41600 during the day. Today Bank Nifty is expected to trade in the upper range only.

trading strategy for bank nifty

To buy: Buy when above 41300, target 41500 stop loss 41200

To sell: Sell if below 41200, target 41000 stop loss 41300

Support 1- 41148
Support 2- 40997
Resistance 1- 41481
Resistance 2- 41663

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