there may be a boom in many stocks including dish tv


New Delhi: There was a boom in the stock market yesterday also. Local stock markets closed with gains for the third consecutive trading session on Tuesday due to buying in heavyweights ITC, Reliance Industries and Infosys amid a weak trend in global markets. According to traders, strong macro-economic data also added to the positive sentiment in the market. BSE’s 30-share index Sensex climbed 152.12 points, or 0.23 percent, to close at 65,780.26 points. At one point during the trading, it had jumped up to 203.56 points to reach 65,831.70 points. The National Stock Exchange (NSE) index Nifty also closed at 19,574.90 points with a gain of 46.10 points, or 0.24 percent.

Among the Sensex companies, Sun Pharma was able to gain the maximum gain of 2.09 per cent. Apart from this, ITC, Titan, Bajaj Finance, Nestle, Infosys, L&T, JSW Steel, Reliance Industries and Kotak Mahindra Bank also closed higher. On the other hand, UltraTech Cement, Maruti Suzuki, HDFC Bank, Wipro, State Bank of India and NTPC were the laggards.

In other Asian markets, Japan’s Nikkei, South Korea’s Cospi, China’s Shanghai Composite and Hong Kong’s Hangseng closed down. European markets were trading with a mixed trend in early trade.

According to analysts, positive data domestically boosted market sentiment. There has been a survey report of a pick-up in manufacturing activities in India in August. Prior to this, the market has been strengthened by the Goods and Services Tax (GST) collection increasing by 11 percent to reach Rs 1.59 lakh crore and the monthly figures of vehicle sales reaching a record level. Let’s see which stocks can see a jump today.

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There is a boom in these stocks

The Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Dish TV, NHPC, Bank of India, BPCL and CDSL. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession.

Signs of recession in these stocks

The MACD has given bearish signals on Time Technoplast, Gland Pharma, Tips Industries, Lyka Labs and SH Kelkar and Company suggests. This means that now these stocks have started to decline.

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Buying visible in these stocks

The stocks which are seeing strong buying include MMTC, KIOCL, Raymond, Devyani International and IRFC. The stock has crossed its 52-week high. This indicates an uptrend in the stock.

There is selling pressure in these stocks

Stocks showing selling pressure included GNA Axles, Shrenik, Penta Gold, Sanco Industries and Allcargo Terminals. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.

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