Good buying is being seen in these stocks

New Delhi : Domestic stock markets continued to decline for the second consecutive day on Thursday. The market came down due to selling in the shares of information technology (IT) and pharmaceutical companies amid fears of a slowdown in the global economy. The 30-share BSE Sensex closed at 59,934.01, down 412.96 points or 0.68 per cent. Similarly, the National Stock Exchange’s Nifty (NSE Nifty) closed at 17,877.40, down 126.35 points, or 0.7 per cent. Tech Mahindra, Infosys, Tata Steel, Bajaj Finserv, Axis Bank and IndusInd Bank were the main losers in the Sensex stocks. Let us know which stocks can remain in trend on the last trading day today.

There is a rise in these stocks
Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on Power Grid, IDBI Bank, Aditya Birla Capital and Delta Corp. MACD is known to signal a trend reversal in the traded securities or index. When MACD crosses the signal line, it gives a bullish signal. This indicates that the share price is likely to see an upward move. Similarly, it also gives a bearish signal.

Signs of bearishness in these stocks
MACD has indicated bearishness in HUDCO, NBCC, TVS Motor, Texmaco Rail and Cipla shares. This means that now these stocks have started declining.

Penny stocks: These five penny stocks including Sankhya Infotech filled the bag of investors in a jiffy, see the full list here
Buying visible in these shares
The stocks which are seeing strong buying are Ceat, Welspun Corp, MRF, Shoppers Stop, Apollo Tire and Kalyan Jewellers. These stocks have crossed their 52-week high. This indicates a rise in these stocks.

There is selling pressure in these stocks
Stocks showing selling pressure include Piramal Enterprises, Alembic Pharma and Sanofi India. There is a lot of selling in these shares. These stocks have hit a 52-week low. This is a bearish sign for these stocks.