Market After the initial volatility gains strength and extending the uptrend for NIFTY50 to rise above 16,400 levels in the afternoon, but the selling action in the last hour destroys 200 points of profit from the height of the day and the index is resolved with moderate losses on May 23, asking questions about sustainability and stability .
Nifty50 fell 51 points to 16,215 and formed a bearish candle on a daily graph, while BSE Sensex fell 38 points to 54,289.The extent of the market is also weak because three shares declined for every two advanced shares in NSE, which resulted in a negative closure for a wider space. The good Midcap 100 and Smallcap 100 index fell 0.35 percent and 0.8 percent respectively.
The volatility index remains above the 20 sign, inching a little by 1.28 percent to 23.40 levels that, the experts feel, still show a profitable market for bears and discomfort for male cattle.Sales pressure at the HDFC twins, ITC, Reliance Industries, and Tata Steel burdens the market, however, purchases in cars, technology, private bank shares and HUL limited losses.
Stocks that were in action including JSW Energy which collected 5.8 percent to RS 310.40 on Monday and jumped 26 percent after reaching the lowest August 2021 on May 13; Easy travel planner who rose 4.92 percent in RS 455.35 on Monday and jumped 33 percent from May 12; And Adani’s locked power was locked at the 5 percent circuit at 327.85 Hospital on Monday, and jumped 35 percent from May 12.This is what the Thakkar Malay must do from Gepl Capital that must be done with investors with these shares when the market continues today’s trading:
Easy Travel Planner
In the long -term graph, the Easy Trip moves with the highest higher and the lowest formation of the highest listing since the listing in March 2021.In recent correction, shares took support in the CIP (Polarity Change) Zone 345-355 RS and bounce sharply from the same level.
Throughout the uptrend, the stock has taken support and bounces from high school 20 weeks (the average movement is simple – Rs 341). This week, the stock has been solved on a high swing of RS 441 with the formation of Bullish Kandil.We advise traders and investors to continue to hold stocks and hope that they are upside down to RS 492 followed by RS 533 level.On the negative side, the RS 405-410 zone will act as support for the counter.
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