Ultratech Cement and Aurobindo Pharma Breakout not Sustained Intraday


 

Top Gainer Intraday on 12-07-2024


S.NO

STOCK

OPEN

HIGH

CLOSE

% MOVE

POINT

1

AUROPHARMA

1353

1408

1372

4.17 %

56

2

BAJAJ AUTO

9341

9723

9674

3.21 %

303

3

CHOLA MANDALAM  INV

1381

1420

1414

3.25 %

44

4

DIXON TECHNOLOGIES

12410

12700

12680

2.40 %

297

5

ULTRATECH CEMENT

11752

11896

11837

1.71 %

200



Top Loser Intraday on  12-07-2024




S.NO

STOCK

OPEN

LOW

CLOSE

% MOVE

POINT

1

GRASIM INDUSTRIES

2843

2786

2800

1.87 %

53

2

ASIAN PAINT

2967

2933

2959

1.14 %

38

3

HAVELS INDIA

1917

1882

1892

2.55 %

49

4

AXIS BANK

1316

1305

1308

0.80 %

10

5

COFORGE LTD

6008

5871

5943

2.28 %

136



Pre-Market Report:  As Per the SGX data Market has opened a slight gap up and as per my analysis if the market sustains above 24593 along with bank nifty then only the market will be bullish i.e. it will undergo in long trading zone and intraday will be bullish but bank nifty is not above to sustain positive bank nifty is looking negative.


Intraday momentum: Nifty opened in a short trading zone and Bank Nifty was also in a short trading zone until nifty closed above 24594 it will not become bullish intraday similarly if bank nifty closes above 52795 it will give a bullish momentum intraday but today it has not happened and bank nifty and nifty both are very volatile and sideways. Both indexes only give downside momentum if they break yesterday’s low but it has not happened Intraday.


Post-market Report: Both nifty and bank nifty were in a small range and it is moving in the same zone all throughout the day. If are a scalper and seller then you may be in profit intraday but if you are an option buyer you may have booked loss Intraday.




LEARNING: If buyers are not real it may come to test the same level and it will hit your stop loss below are some examples.






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