To earn profits, you can bet on these stocks including Union Bank today, signs of boom are visible
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Wipro had to bear the maximum loss of two percent among the companies included in the Sensex. Apart from this, shares of IndusInd Bank, State Bank of India, Kotak Mahindra Bank, ICICI Bank, HDFC Bank, Infosys, Tata Consultancy Services, HDFC and Bajaj Finserv were also in decline. On the other hand, Nestle, Mahindra & Mahindra, ITC, HCL Technologies, Asian Paints and Maruti Suzuki were among the gainers.
The US central bank Federal Reserve kept the policy interest rate unchanged on Wednesday after raising it 10 times in a row to combat high inflation. However, the Federal Reserve has indicated that it may hike interest rates twice this year.
In other Asian markets, South Korea’s Cospi and Japan’s Nikkei closed with losses, while China’s Shanghai Composite and Hong Kong’s Hangseng advanced. There was mixed trading in European markets. On Wednesday, a mixed trend was seen in the US markets. 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 IOC, CMS Info Systems, Godrej Industries and Asian Paints. 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 bearish in the shares of Zee Entertainment, BHEL, Union Bank, TV18 Broadcast and Tata Chemicals. This means that now these stocks have started to decline.
Top Loser Stocks: These 7 stocks made investors poor, had invested ₹ 1 lakh, now not even a thousand is left, see listBuying visible in these stocks
The stocks which are seeing strong buying include HEG, Poly Medicure, Capri Global, Syrma SGS Technology and Tube Investments. 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 Tirupati Forge, MOS Utility, MK Proteins and GHCL Textiles. 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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