Monday, August 17, 2020

Today Stock Market Closing Bell Updates and Stock Market Tomorrow Outlook Technically

Today Stock Market Closing Bell Updates and Stock Market Tomorrow Outlook Technically


Today Stock Market Closing Bell Updates


  • SENSEX  up 173 point at 38050
  • Nifty closes at 11247
  • Top Index gainers: NTPC (7.41%), Bajaj Auto (4.27%), TechM (4.01%)
  • Top Index losers: SBI (1.60%), Airtel (1.55%), RIL (0.95%)

Today Major News


  • Britannia to pay Rs 83 per share as interim dividend
  • SJVN gains 2% on bagging 100MW solar project in Gujarat
  • IHCL joins hands with Tata Power for supply of solar energy to Mumbai hotels
  • SpiceJet to induct its first Airbus A340 cargo aircraft in freighters fleet
  • Glenmark Pharma surges 7% as Q1 net profit doubles to Rs 254 crore
  • Aarti Drug board to consider issue of Bonus Shares
  • India's GDP to contract 16.5% in Apr-June qtr.

Stock Market Tomorrow Outlook


Nifty on 1 Hour Technical Chart

stock market today and tomorrow, www.finvestonline.com

From the Above Charts following points can be drawn-

 ➽After a steep correction on Friday today in the First half Nifty consolidated with little selling pressure , that can be seen in the volume candle in the chart.
➽Later in the second half Nifty after consolidation started rising till closing with green volume candle that can be seen in the last 3 volume candle. Last volume candle was big it means in last hour buying increases more in the Nifty.
➽If something unexpected not happen globally then on the current position it can be estimated that Nifty will continue its trend in upside tomorrow.
➽As of now market is in a narrow range, means at the upper side 11350 will be the first resistance and in the lower side 11150 will be the first support of the Nifty.
➽Now at current position upside is something limited , but if Nifty closes below 11000 level then there can be strong selling pressure in the Nifty.





Disclaimer-

In NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.www.finvestonline.com is not a SEBI registered Investment Adviser or Research Analyst.Each user shall be responsible for the risks of their own investment activities and, in no event, shall www.finvestonline.com be liable for any losses or damages, monetary or otherwise, that result from actions taken after reading the contents of reports, reviews and analysis published on the www.finvestonline.com. www.finvestonline.com recommend that anyone trading securities should do so with caution and consult with a broker and financial advisor before doing so, as stock market has a high degree of volatility and risk.

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