National S.E. falls for the fifth day in a row

The market showed a small loss Thursday, and Nifty 50 ended the day at 21996 points, which is a decline of 0.7 percent. The index has now closed down for the fifth day in a row.

546 shares showed a gain and 719 showed a loss. 26 shares were unchanged and closed at the same price as the previous day. There was no trading in 10 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 951.8 billion.

Bharti Airtel Limited ended with a solid gain of 4.1 percent and closed at 1266 rupee. The previous time the stock gained this much was Sep 30. 2022, when it closed up 4.6 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 1200 rupee and a further increase is indicated.
Vedanta Ltd developed positively, and gained 2.7 percent to a close of 389 rupee. The stock has thereby closed up 11 out of the past 13 days and this past month the stock has gained as much as 43.7 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 332 rupee and a further increase is indicated.
Nestle India Limited closed at 2463 rupee after posting a loss of 3.3 percent. The previous time the stock lost this much was Oct 11. 2022, when it closed down 3.5 percent. The stock is trend wise positive in the medium term.
Just Dial Limited rose sharply to close at 1009 rupee, up 13.3 percent. We must go back to Jan 20. 2022 to find an equally strong rise. That time the stock gained 13.4 percent. The stock has thereby closed up ten out of the past 13 days. It was also extremely high volume. Overall it was traded for 11201 millions rupee in the stock, which is 56 times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 930 rupee and a further increase is indicated.
Titan Company Limited was down 3.3 percent to close at 3525 rupee. The stock thereby broke the earlier bottom it set Feb 8 and reached a new year-low. The stock has thereby closed down six out of the past seven days. The stock broke down through the support at 3558 rupee in rectangle formation. This triggered a sell signal on increasing volume and a further drop to 3348 rupee within two months is indicated.

Winners Thursday

K.M.Sugar Mills Limited19.97%
Just Dial Limited13.27%
Oricon Enterprises Ltd.12.87%
Solara Active Pharma Scien11.97%
TPL Plastech Ltd.11.29%

Losers Thursday

Sadbhav Engineering Limite-8.51%
Coffee Day Enterprises Lim-7.70%
Bhageria Industries Ltd.-6.88%
Hindustan Motors Limited-6.61%
Gayatri Highways Ltd.-5.56%

Most traded Thursday

Infosys Limited31376.70
Jio Financial Services Lim28514.80
Reliance Industries Limite27830.51
HDFC Bank Limited25585.44
Bharti Airtel Limited25238.96

Today's free analyses Tata Power Co. Ltd.

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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