- August 08, 2023 08:39
Stock to buy today: Graphite India
Graphite India share price has been in a strong uptrend since April this year. After a brief consolidation above ₹400 all through the month of July, the stock has started to move up again over the last two weeks. Immediate support is at ₹448. Below that ₹420 – the 21-Day Moving Average (MA) is the next strong support. This 21-Day MA has limited the downside very well all-through the consolidation that happened last month.
Graphite India share price can rise to ₹550-560 over the next three-four weeks. Traders can go long now. Accumulate at ₹452. Keep the stop-loss at ₹415. Trail the stop-loss up to ₹469 as soon as the stock moves up to ₹478. Move the stop-loss further up to ₹490 when Graphite India share price touches ₹510. Exit the long positions at ₹545.
- August 08, 2023 08:39
Stock Market Live updates: Intraday supports, resistances for Nifty50 stocks
Day trading guide for Aug 08, 2023
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, and SBI
- August 08, 2023 08:35
BSE Sensex, NSE Nifty likely to open on flat note
Equity benchmarks BSE Sensex and NSE Nifty are likely to open on a flat note on Tuesday. Gift Nifty at 19635 indicates a marginal decline of about 30 points for Nifty, as Nifty futures on Monday closed at 19,668.
Overnight, the US stocks closed on strong note. According to Edward Moya, Senior Market Analyst, at The Americas, OANDA, After a mixed jobs report (slower job growth pace but higher wages) this week is all about an inflation report that will probably show moderate price growth.
