Nifty again Pulled Banknifty Down - Multiple Rejection Level



 Top Gainer Intraday on 11-08-2024  


S.NO

STOCK

OPEN

HIGH

CLOSE

% MOVE

POINT

1

EICHER MOTOR LTD

4825

4851

4835

1.67 %

79

2

PIRAMAL ENTERPRISES

953

976

966

2.40 %

22

3

LUPIN LTD

2061

2124

2115

3 %

62

4

TECH MAHINDRA LTD

1484

1509

1506

1.64 %

24

5

DIXON TECHNO INDIA LTD

11585

11797

11777

1.82 %

210




Top Loser Intraday on  11-08-2024


S.NO

STOCK

OPEN

LOW

CLOSE

% MOVE

POINT

1

BALKRISHNA INDUSTRIES

3149

3014

3035

4.26 %

134

2

AURO PHARMA

1484

1431

1440

3.53 %

52

3

VOLTAS

1439

1419

1432

1.46 %

21

4

ACC

2375

2341

2351

1.41 %

33

5

KOTAK BANK

1776

1765

1769

0.97 %

17



Pre Market Report: From last 4 days market is totally sideways and is trapped in zone which will break soon and today also market will open in that zone only let’s see who will first break the zone nifty or a bank nifty.


Intraday momentum: As the market has opened sideways and tried to move downward but it has not broken the yesterday’s low and tried to moved upside here bank nifty looks more stronger than nifty and tried to move upside but because of multiple rejection of the upper side or yesterday’s high many short sellers are available if it open gap up then only the zone will be broken and until that the market will be sideways. Today bank nifty has tried to move upside but because of multiple rejection of nifty it has not crossed the high and taken rejection and fall from the yesterday’s high but not broken the day low and remain sideways.


Post market Report: Market is preparing itself for the bigger momentum and I am writing this article on Sunday after the hidden burg report let’s see what will happen on Monday Expectation of gap down opening is high let’s see.




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