September 21, 2024

Stock Market Prediction: Today you can bet on these stocks including Adani Ports and Bandhan Bank to earn profits

February 13, 2023


New Delhi: A continuous decline was seen in the stock market last week. During this, the BSE Sensex was at a loss of about 390 points. The market was pulled down by heavy selling in information technology and energy stocks. Apart from this, the sentiment was also affected by the rise in crude oil prices and continuous capital outflows. The Sensex fell 389.01 points to close at 62,181.67. Similarly, the Nifty also closed at 18,496.60 points down by 112.75 points. HCL Tech was the biggest loser in the Sensex pack, down 6.72 per cent. Apart from this, Tech Mahindra, Infosys, Wipro, TCS and Reliance Industries also declined. On the other hand, the gainers included Nestle India, Titan, Sun Pharma, Dr Reddy’s, IndusInd Bank and ITC. Vinod Nair, Head of Research, Geojit Financial Services, said, “The market declined mainly due to selling in IT stocks. There was a sell-off in IT stocks due to concerns that business would slow down due to fears of a global recession. On a weekly basis, the Sensex was also at a loss of 686.83 points while the NSE Nifty was at a loss of 199.50 points. Let us know which stocks can remain in trend today.

There is a boom in these stocks

The Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on SBI, Adani Ports, Bandhan Bank, PFC and HDFC. 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.

Signs of recession in these stocks


MACD has indicated bearishness in the shares of Ashok Leyland, HCL, Astral, Mahindra CIE and Surya Roshni. This means that now these stocks have started to decline.

Buying visible in these stocks

The stocks which are seeing strong buying include Safari Industries, CG Power, KPIT Technologies, Sonata Software and Britannia. The stock has crossed its 52-week high. This indicates an uptrend in the stock.

There is selling pressure in these stocks

The stocks which are seeing selling pressure include Adani Gas, Adani Transmission, Adani Green and Tata Tele. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.



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