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The Nifty scale concluded the trading week astatine 24,000, demonstrating consolidation adjacent the captious 24,000 level, which has been a focal constituent successful caller analyses. Throughout the week, the scale fluctuated wrong a range, reaching a precocious of astir 24,200.
This consolidation suggests a intermission successful the caller bullish trend, with marketplace participants intimately watching for sustained trading supra 24,000 to corroborate further upward momentum. Notably, idiosyncratic stocks wrong the Nifty proceed to amusement signs of bullish sentiment, contributing to wide marketplace optimism.
Last week's trading began with a gap-down opening connected Monday, investigating contiguous enactment astir 23,300, earlier rebounding strongly. The Nifty maintained its upward trajectory, closing decisively supra the 23,600 and 24,000 marks by week's end, reinforcing the prevailing bullish sentiment.
Intraday trading tips for Monday
Looking ahead, cardinal enactment levels are identified astatine 23,600-23,700, indicating important areas wherever buying involvement whitethorn look if the scale retraces. On the upside, absorption is expected astir 24,500-24,600, which could service arsenic barriers to further advances.
Conversely, the Bank Nifty besides experienced a gap-down commencement to the week but managed to prolong bullish momentum passim consequent trading sessions. Ending the week strong, the scale recovered enactment astir 51,000, with absorption noted astatine 54,000. As agelong arsenic enactment levels clasp supra 50,500, the bullish outlook for Bank Nifty remains intact, reflecting capitalist assurance successful banking assemblage stocks.
In summary, some the Nifty and Bank Nifty person shown resilience successful the look of archetypal marketplace volatility, with a wide bias towards bullish sentiment. Investors are advised to show cardinal enactment and absorption levels intimately arsenic they navigate imaginable trading opportunities successful the upcoming sessions.
Stocks to bargain connected Monday
Ganesh Dongre, Senior Manager - Technical Research astatine Anand Rathi recommends 3 stocks to bargain connected Monday, July 1
Buy Apollo Hospitals astatine ₹6190.. Stoploss...6000 Target..6450
Buy Gujarat Gas astatine ₹628 Stoploss....600...Target...665
Buy Siemens astatine ₹7,700 stoploss 7,500 people 8,200
Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts, and brokerage firms, not Mint. We counsel investors to consult certified experts earlier making immoderate concern decisions.
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HomeMarketsStock MarketsBuy oregon sell: Apollo Hospitals to Siemens—Ganesh Dongre recommends 3 stocks for Monday
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