Banknifty bullish to sideways - Rejection from Yesterdays High




 Top Gainer Intraday on 12-08-2024


S.NO

STOCK

OPEN

HIGH

CLOSE

% MOVE

POINT

1

VOLTAS LTD

1516

1597

1583

5.41 %

81

2

PERAMAL ENTERPRISES

964

1012

988

4.89 %

47

3

HEROMOTOCROP LTD

5220

5322

5318

2.57 %

133

4

AXIS BANK LTD

1138

1169

1163

2.66 %

30

5

INFOSYS LTD

1769

1803

1795

1.75 %

31



Top Loser Intraday on  12-08-2024


S.NO

STOCK

OPEN

LOW

CLOSE

% MOVE

POINT

1

BALKRISHNA INDUSTRIES LTD

2955

2756

2850

6.77 %

200

2

ABB INDIA LTD

7989

7635

7644

4.23 %

338

3

ADANI PORT SPECIAL

1484

1458

1497

1.81 %

26

4

DR.REDDY LABORATORIES

7015

6877

6890

1.89 %

132

5

BRITANNIA INDUSTRIES LTD

5745

5627

5648

2.02 %

115




Pre Market Report: Fearful environment was created by Hindenburg report but market has not shown any outcome about that report I was expecting gap down and it has opened gap down but market has taken reversal from long trading zone.


Intraday momentum: Market has opened gap down and was entered in long trading zone downside but it has again enter into short trading zone upside in which it was stuck from last 4 trading session this shows that it has to move upside although today momentum was strong but it was in short trading zone that why I have not taken any entry. Today bank nifty was looking positive and nifty was looking less bullish but not entered in long trading zone I am expecting a good momentum on upper side.


Post market Report: Market is trapped in the short trading zone and it may take some more days to escape from that trading zone




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