Nifty Pulled the Banknifty Down - Multiple Rejection and Reversal

 



Top Gainer Intraday on 08-08-2024  


S.NO

STOCK

OPEN

HIGH

CLOSE

% MOVE

POINT

1

LUPIN LTD

2019

2066

2059

2.97 %

58

2

HDFC BANK LTD

1626

1652

1640

1.67 %

27

3

CIPLA LTD

1555

1589

1570

2.19 %

34

4

AUROPHARMA LTD

1450

1487

1482

2.52 %

36

5

ABB INDIA LTD

7880

8144

7950

4.36 %

340




Pre Market Report: As per SGX market is indicating sideways opening and it has opened sideways almost at the same level which we are seeing from last 3 days. My overall view is bullish today let’s see both index should support each other for upper Side momentum.


Intraday momentum: Market has opened sideways and trying to get stable for upper side momentum and both indices are supporting to each other for upper momentum but all this things are happening in short trading zone and not in long trading zone I will take entry if it get stable on the long trading zone but if it not get stable then we will not take any entry because in short trading zone market remain volatile and anything can happen in this zone one big candle can eat all your profit. Market has taken rejection from yesterday’s high and fallen but not broken the day low overall the market was sideways and volatile.


Post market Report: Bank nifty was ready to move upside but because of nifty, Bank nifty has fallen from yesterday’s high and nifty’s multiple rejection point in coming days if any negative news not affect the market we will see a upper side momentum.


Top Loser Intraday on  08-08-2024


S.NO

STOCK

OPEN

LOW

CLOSE

% MOVE

POINT

1

PIRAMAL ENTERPRISES LTD

964

934

934

2.50 %

24

2

GRASIM INDUSTRIES LTD

2624

2532

2541

3.16 %

83

3

GODREJ PROPERTIES LTD

2969

2872

2878

3.24 %

96

4

ASIAN PAINTS LTD

3079

2992

2991

2.69 %

82

5

COFORGE LTD

6000

5833

5833

2.63 %

157





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