Indian share market has opened with downward movements in almost every stocks listed in the Sensex and Nifty. Both the indices are down around 0.75 percent and having the selling pressure on the Dalal street.
The stock market is down due to China’s market are down and their commodity market are heavily under pressure.
As per the stock and commodity market analysis, if Nifty holds the position in between 8475-8500, It would be beneficial for the short-term traders and they will also go long.
As we watch the sectors among the stock market all the major sectors are traded in the red like metals, infra, PSUs Banks and Finance.
As per the stock market expert Ravindra Kumar, the market taken weaker global cues and Nifty will trend in the range of 8475-8575, due to this the market will wait for the quarterly result and monsoon session for more predictions.
Stock and Commodity Market Tips For Today
Buy Ultratech Cements, Target 3210, Stoploss 3135
MCX Silver @ September : Sell 34900-35000, Target-34250, SL- 35300