Nifty has changed into an uptrend and this will remain so till the time the sanctity of 5400 level in Nifty is maintained. Moreover Nifty 5500 will also act as a psychological barrier and we see Nifty touching 5584 level soon. The bullishness with selling pressure at higher level continues due to a technical wedge formation on the charts, which can take the market to higher levels from hereon. Further movement will occur in market if Nifty is able to move past 5650 with conviction and volume. The market breadth was positive with 1831 advances as against 1001 declines on BSE. Thus use the opportunity to make money while the sun shine with 100% accurate share tips by undertaking precision trades in the market.
The UPA’s (United Progressive Alliance) clean sweep win in the Indian Lok Sabha elections has cheered the markets and helped the benchmark indices to hit 20% upper circuit.
The 30-share Sensex closed 2099.21 points or 17.24% higher at 14272.63 and the Nifty surged 636.40 points or 17.33%, to settle at 4,308.05.
Total volumes traded on both exchanges were at Rs 3100 crore. This comprised of Rs 2800 crore from the NSE F&O segment, Rs Rs 300 crore from NSE & BSE cash segments. Only 207 stocks traded on the NSE and 842 stocks on the BSE.
India BSE Sensex Index Trends:
Short term Bearish, medium term Bearish, long term, Bearish
BSE Index +7.5% in 250 days DOW +25.5% in 250 days
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nse india | India BSE Sensex Index Trends | BSE/NSE India : Sensex Today 20 % Upper Circuit | National Stock Exchange of India (NSE)
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