Today marks a pivotal day that is poised to influence this week's market trajectory. By the end of the week, substantial market volatility is anticipated, with a particularly strong downward trend. Notably, banking and IT stocks, with the exception of ICICI Bank and Bank of Baroda, are projected to experience significant declines. Encouragingly, the existing future premium indicates a degree of optimism, suggesting that while a market decline is likely, it may not be excessively severe, potentially remaining above the 19000 mark.
It's worth noting that Adani Group and HDFC charts exhibit vulnerabilities.
In terms of stock movement projections, the following are anticipated to experience upward momentum: Tata Power, Aditya Birla Fashion, Reliance, ICICI Bank, Bank of Baroda, Indus Tower, and Vedanta.
On the other hand, the following stocks are expected to exhibit downward movement: Adani, HDFC, Bajaj Finserve, TCS, HCL Tech, Tata Steel, and Wipro.
It is important to emphasize that these observations stem from personal experience gained through trading activities since 2010. Readers are strongly advised to conduct their own comprehensive analysis prior to making any investment decisions.
Comments