The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
Companies like IRCTC, Laxmi Organic Industries, Gujarat Gas, Petronet LNG, Eicher Motors, and TCNS Clothing, showcasing strong performance in their respective sectors. Let s explore the performance of these stocks.
As observed on July 28, 2023, stocks crossing their 50-day SMA have presented potential opportunities in various sectors, such as fintech, power generation, chemicals, pharmaceuticals, industrial manufacturing, packaging, energy, hospitality, and specialty chemicals.
On Monday, 1762 stocks advanced, 1937 declined and 156 remained unchanged, with an advance decline ratio of 0.90 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Profit taking in the banking, FMCG, metals, and oil & gas equities caused markets to struggle for the second consecutive session.
On Tuesday, 1731 stocks advanced, 1808 declined and 141 remained unchanged, with an advance decline ratio of 0.96, indicating a negative closing of stocks in broader markets.