2024-05-08 07:07:03
New Delhi: Sometimes there is a rise and sometimes a fall in the stock market. There has been a decline in the market in the past few days. On the last trading day of last week i.e. Friday, the market had fallen and closed in the red. According to experts, the market declined due to heavy selling pressure in the shares of Reliance Industries, L&T and HDFC Bank. During this period, BSE Sensex had risen by 484.07 points at the beginning of the day, but after that it fell by 732.96 points or 0.98 percent and closed at 73,878.15 points. The Sensex also touched a high of 75,095.18 points and a low of 73,467.73 points during trading. In this way, a huge fluctuation of 1,627.45 points was seen in it in just one day. National Stock Exchange (NSE) index Nifty also fell by 172.35 points or 0.76 percent to 22,475.85. In early trade, Nifty had risen 146.5 points or 0.64 percent to reach an all-time high of 22,794.70 points, but later became a victim of heavy selling. Let us know which shares can be in trend today.Stock Market: Will the decline continue next week or will there be a rise, know how the market is going to move.
There is a rise in these shares
Momentum indicator Moving Average Convergence Divergence (MACD) has shown bullish trend on Shree Cements, Triveni Turbine, Fortis Healthcare, Cadila Healthcare, Radico Khaitan and Berger Paints. MACD is known for indicating trend reversals in traded securities or indexes. When the MACD crosses the signal line, it gives a bullish signal. This indicates that the share price may see upward movement. Similarly, it also indicates recession.
Signs of recession in these stocks
MACD has indicated bearishness in the shares of 360 One Wam, Alkyl Amines, Vijaya Diagnostic, Sumitomo Chemical, Orient Refractories and Asahi India Glass. This means that now these shares have started falling.
Gold Silver Price: Gold is continuously falling, now it has become so cheap, see how much the prices have fallen.
Buying is visible in these shares
The stocks which are seeing strong buying include Grasim Industries, ONGC, M&M, Shriram Finance, SBI, Tata Steel and NTPC. This stock has crossed its 52 week high level. This indicates bullishness in this stock.
Selling pressure in these stocks
Kotak Bank is among the stocks which are experiencing selling pressure.