Consolidation After Momentum

Today selected stock: Today after analysing the market I have selected Dr. Reddy but as the market is sideways so bigger momentum is less possible and dr. reddy was sideways bullish.




 

Top Gainer Intraday on 19-08-2024



S.NO

STOCK

OPEN

HIGH

CLOSE

% MOVE

POINT

1

VOLTAS  LTD

1555

1609

1609

3.53 %

54

2

PIRAMAL ENTERPRISES

954

987

983

3.31 %

31

3

DIXON

12583

12832

12785

2.99 %

372

4

DR.REDDY

6822

6924

6914

1.45 %

99

5

TCS

4425

4490

4490

2.07 %

91



Top Loser Intraday on  19-08-2024


S.NO

STOCK

OPEN

LOW

CLOSE

% MOVE

POINT

1

MAHINDRA & MAHINDRA

2856

2760

2767

3.24 %

92

2

CHOLA MANDALAM

1321

1347

1352

1.90 %

26

3

INDUSIND BANK LTD

1371

1345

1349

1.78 %

24

4

BAJAJ AUTO

9920

9761

9772

1.56 %

154

5

AXIS BANK

1167

1150

1155

1.38 %

16






Pre Market Report: Market has opened as per SGX data and yesterday was a trending day if market again move upside we may see a trending day but when it move downside market may undergo in consolidation mode.


Intraday momentum: As market has opened sideways and as per my analysis I have already told if market move upside it may be a trending day but if it move downside we can see a sideways market and I am not expecting downside trending day as it is less possible.


Post market Report: To move downside both nifty and bank nifty has to support each other for downside momentum but as bank nifty has shown a bearish sign but not the nifty as a result of which market has moved sideways.





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