This week, it is anticipated that the market will exhibit a positive trend. There is a likelihood of it maintaining strength above the 19500 level, with the Nifty index expected to surpass 20000. However, prior to reaching that level, a slight volatility may be experienced, resulting in the market trading within the range of 19350 to 19800. Traders can capitalize on favorable opportunities to generate substantial profits throughout the week, provided they establish well-planned buy and sell transactions.
Based on technical analysis, certain stocks are expected to experience an upward movement. These stocks include Ashok Leyland, Zee Entertainment, BHEL, REC Ltd, Federal Bank, and GMR infra, as their technical parameters indicate positive prospects.
Conversely, stocks such as Wipro, HCL Tech, M & M Finance, and Tata Steel are expected to witness a downward movement, as their graphs display bearish tendencies.
It is important to note that these views are solely my own and should be considered as such. Traders are strongly advised to exercise their own judgment and make informed decisions before entering or exiting any transactions.
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