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Month: May 2020

STOCK TO TRADE FOR THE DAY-18TH MAY 2020

STOCK TO TRADE FOR THE DAY-18TH MAY 2020

The Indian equity market is likely to open in the red following SGX Nifty which is down 40 points after Finance Minister Nirmala Sitharaman presented the final stimulus package on May 17. Economies around the world are looking around as countries have started easing lockdown with oil prices rising over USD 1 a barrel. Indian markets witnessed a recovery on D-Street on Friday ahead of the 3rd press conference of the Finance Minister Nirmala Sitharaman. The S&P BSE Sensex closed just…

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STOCKS TO TRADE FOR THE DAY- 15 TH MAY 2020

STOCKS TO TRADE FOR THE DAY- 15 TH MAY 2020

The Indian stock market is expected to open in the green tracking global markets on hopes of re-opening of the US economy and possibility of more stimulus that could fuel a recovery. SGX NIfty is also trading in the green which points towards a positive opening in the Indian markets. It is trading higher by 54 points. The Nifty futures were trading at 9,172 on the Singaporean Exchange around 07:30 hours IST. The S&P BSE Sensex plunged nearly 900 points to close below 32,000…

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STOCKS TO TRADE FOR THE DAY-14 TH MAY 2020

STOCKS TO TRADE FOR THE DAY-14 TH MAY 2020

Indian stock market is likely to open in the red following its global peers after US Fed Chairman Jerome Powell pointed towards a grim US outlook. US Markets closed in the deep in the red while Asian markets are trading trading in the red on May 14. Equity market in India is likely to open in the red as trends in the SGX Nifty indicate a 145 points loss. The Nifty futures were trading at 9,246 on the Singaporean Exchange around 07:30…

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STOCKS TO TRADE FOR THE DAY-13TH MAY 2020

STOCKS TO TRADE FOR THE DAY-13TH MAY 2020

The market is expected to see strong gains today after Prime Minister Narendra Modi announced a fiscal stimulus package of Rs 20 lakh crore, aimed at alleviating pain caused by COVID-19.‚Äč SGX Nifty is pointing towards a gap up opening as investors in other equity markets remain nervous over resurgence of coronavirus cases. SGX Nifty is trading higher by 219  points with Nifty futures trading at 9,395. Sectorally, profit-taking was seen in sectors like energy, oil & gas, capital goods, as well as healthcare stocks, while…

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STOCKS TO TRADE FOR THE DAY-12 TH MAY 2020

STOCKS TO TRADE FOR THE DAY-12 TH MAY 2020

The Sensex closed the day with a loss of 81 points, or 0.26 percent, at 31,561.22 and the Nifty settled 12 points, or 0.13 percent, lower at 9,239.20. Trends on SGX Nifty indicate a negative opening for the index in India with a 37 points loss. Analysts believe the market will continue to remain volatile in the near term, reacting to the spread of novel coronavirus, or COVID-19, newsflow regarding development of its vaccine and government’s measures on stimulus and restarting the economy. GET OUR…

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STOCKS TO TRADE FOR THE DAY-11 TH MAY 2020

STOCKS TO TRADE FOR THE DAY-11 TH MAY 2020

The BSE Sensex and Nifty50 fell nearly 6.2 percent during last week, Nifty Smallcap and Midcap indices were down 4-5 percent. Market is expected to remain volatile with negative bias. Trends on SGX Nifty indicate a positive opening for the index in India with a 90 points gain. Market will first react to ICICI Bank’s numbers today. But overall, it is expected to remain volatile with negative bias. GET YOUR PAID SERVICES NOW http://streetgains.in/subscribe/ Happy trading Team streetgains Share on: WhatsApp

STOCKS TO TRADE FOR THE DAY-8TH MAY 2020

STOCKS TO TRADE FOR THE DAY-8TH MAY 2020

Equity benchmarks resumed their downward march on May 7 as rising cases of COVID-19 and a delay in government stimulus dealt a blow to investors’ sentiment. The Sensex closed the day with a loss of 0.76 percent at 31,443.38 and the Nifty settled 0.78 percent lower at 9,199.05. According to pivot charts, the key support level for Nifty is placed at 9,157.35, followed by 9,115.65. If the index starts moving up, key resistance levels to watch out for are 9,259.3…

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STOCKS TO TRADE FOR THE DAY-7TH MAY 2020

STOCKS TO TRADE FOR THE DAY-7TH MAY 2020

Sensex closed on May 6 with a gain of 232 points, or 0.74 percent, at 31,685.75 and the Nifty settled 65 points, or 0.71 percent, higher at 9,270.90. According to pivot charts, the key support level for Nifty is placed at 9,142.63, followed by 9,014.37. If the index continues moving up, key resistance levels to watch out for are 9,373.03 and 9,475.17. The Nifty Bank closed 2.19 percent higher at 19,694.55. The important pivot level, which will act as crucial…

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STOCKS TO TRADE FOR THE DAY-6TH MAY 2020

STOCKS TO TRADE FOR THE DAY-6TH MAY 2020

Benchmark indices closed in the red on May 5 due to profit-booking with the Sensex closing with a loss of 262 points at 31,453.51 and Nifty settling 88 points lower at 9,205.60. Sentiment continues to remain weak on the back of high valuations, profit-booking, weak results announced so far and no stimulus announcement by Government till now. GET YOUR PAID SERVICES NOW http://streetgains.in/subscribe/ Happy trading Team streetgains Share on: WhatsApp

STOCKS TO TRADE FOR THE DAY-5TH MAY 2020

STOCKS TO TRADE FOR THE DAY-5TH MAY 2020

Trends on SGX Nifty indicate a positive opening for the index in India with a 99 points gain tracking global markets. The Sensex plunged 2,002 points to 31,715 and the Nifty fell 566 points to close at 9293. Investors lose nearly Rs 6 lakh crore in a single trading session. The average market capitalisation of the BSE-listed companies fell from Rs 129.41 lakh crore recorded on April 30 to Rs 123.69 lakh crore on May 4. GET YOUR PAID SERVICES…

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