Business / Share Market points before you start planning trade day of tuesday 24 ja

Zoom News : Jan 24, 2023, 10:32 AM
Share Market Tips: The US market witnessed a bullish trend for the third consecutive day. The Dow Jones closed up 254 points. The Nasdaq rose 2.01 percent and the S&P 500 rose 1.19 percent. A boom is also being seen in the European market. The effect of this boom is expected to be visible in the Indian stock market on Tuesday as well. Earlier in the Monday trading session of the week, strength was seen in the stock market.

Sensex gained 320 points on Monday

Sensex saw a rise in IT and financial stocks, it closed at 60,941.67 points with a gain of 319.90 points. Similarly, the National Stock Exchange's Nifty rose by 90.90 points to reach 18,118.55 points. The biggest gain was seen in the stock of Hindustan Unilever on Monday. Will know from research analyst Gaurav Sharma that what are the things to be kept in mind before trading today. Let's talk about those 5 points, from which you can get an idea of today's business.

1. The Dow Jones, S&P 500 futures and Nasdaq 100 futures are all trading in a range of 0.1%. This indicates that investors in America are waiting for the results of giant companies like Microsoft, Johnson & Johnson, Texas Instruments.

2. Bank Nifty gave a strong break out and may consolidate in the range of 42800 to 43200.

3. Nifty maintained 18050 level as support. It managed to close near 18100. A decisive move above 18180 could lead to short covering and any selling coupled with volume could trigger more profit booking.

4. This time the weekly expiry is tomorrow i.e. on Wednesday. The market will remain closed on Thursday, 26 January. High volatility can be seen in it before all the events.

5. Shares of insurance and agriculture sector are showing volume. In such a situation, there is a need to analyze this sector carefully.

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