To earn profit, you can bet on these stocks including Castrol India, signs of boom are visible


New Delhi: The rally in the stock market continued yesterday. On Wednesday, local stock markets closed with gains for the fourth consecutive trading session after volatility amid a strong trend in Asian markets. BSE’s 30-share benchmark index Sensex climbed 100.26 points, or 0.15 per cent, to close at 65,880.52 points in the last hour’s buying. At one point during the trading, it had fallen by 292.23 points to 65,488.03 points. The National Stock Exchange (NSE) index Nifty also closed at 19,611.05 points, up 36.15 points, or 0.18 percent.

This was the fourth consecutive trading session of rally in the domestic stock markets. Bharti Airtel, HDFC Bank, Titan, ITC, UltraTech Cement, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were major gainers in the Sensex pack. On the other hand, shares of Tata Steel, Axis Bank, IndusInd Bank, NTPC and ICICI Bank were down.

In other Asian markets, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng closed with gains, while South Korea’s Cospi declined. Most of the European markets were trading with a fall. On Tuesday, the US markets also closed with a decline. Let us know which stocks can see a boom today.

Investors in this stock are becoming paupers, competition to sell stock after SEBI’s notice, continuous lower circuit

There is a boom in these stocks

Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Castrol India, ITC, IOC, JK Paper, JSW Energy and LIC. 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 indicated bearish on RBL Bank, Arvind Ltd, Swan Energy, Dhani Services and Parag Milk Foods. This means that now these stocks have started to decline.

The stock of this company of Ratan Tata had fallen on its face, now there is a lot of loot to buy stock, the prices are increasing rapidly.

Buying visible in these stocks

The stocks which are seeing strong buying include Vodafone Idea, MMTC, Petronet LNG, R Systems and JM Financial. 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 Redtape, GNA Axles, TCNS Clothing, Penta Gold and ASL Industries. 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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