Stock Market Prediction: Bets can be played on these stocks including Raymond and BHEL today, signs of boom are visible

New Delhi: There is a state of ups and downs in the stock market. The rally in the stock market came to an end on Friday. During this, the BSE Sensex had lost about 416 points. The market was in losses due to a weak trend in global markets and profit-booking. On the other hand, the 30-share Sensex closed at 62,868.50 points, down 415.69 points, or 0.66 percent. At one point during the trading, it had broken up to 604.56 points. The Nifty of the National Stock Exchange (NSE) also closed at 18,696.10 points, down 116.40 points, or 0.62 percent. Mahindra & Mahindra, Hindustan Unilever, Maruti, Nestle India, HDFC, Asian Paints, Bajaj Finance and PowerGrid were major losers in the Sensex pack. On the other hand, Tata Steel, Dr Reddy’s, Tech Mahindra, IndusInd Bank and HCL Technologies were among the gainers. Let us know which stocks can remain in trend today.

There is a boom in these stocks
Momentum indicator moving average convergence divergence (MACD) is showing a bullish trend on Paytm, Sequent Scientific, Finolex Industries, Linde India, Zomato and Polycab India. MACD is known to signal trend reversals in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession.

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Signs of recession in these stocks
MACD signals bearish on IIFL Finance, Central Bank, Crisil, Shriram Transport Finance, SCI and Endurance Technologies. This means that now these stocks have started to decline.

Buying visible in these stocks
The stocks which are seeing strong buying include Raymond, BHEL, JK Lakshmi Cement, APL Apollo Tube, Jyothy Labs, Ceat and Varun Beverages. These stocks have crossed their 52 week high. This indicates a bullish trend in these stocks.

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There is selling pressure in these stocks
No stock reached its 52-week low on Friday, showing selling pressure.