Trading Guide Day for Monday: After a very unstable session, the Indian stock market was completed flat on Friday. The 50 nifty index ended 3 points lower at 17,539 while BSE Sensex was completed 36 points higher at the level of 58,803. Bank Nifty index jumped 119 points and closed at 39,421. However, the Mid-Cap index of Nifty’s poor work fell 0.35 percent in the Friday session.

According to the stock market expert, Nifty on the weekly graph forms a long bull candy with a shadow. This pattern indicates the emergence of an ongoing reverse from the lowest 17,170 levels. After reacting down from the important resistance of the trend line down (connected from the lower boss) at 17,900 levels in mid -August, the market has not shown a sharp trend movement so far. Purchases have emerged from direct support.

Speaking at the Outlook for Nifty 50 Index, Nagaraj Shetti, technical research analyst at HDFC Securities said, “Nifty short -term trends remain choppy. The market is now placed with a low range that is higher than 17,800 to 17,300 and the movement in it is likely to continue to continue for next week. People might expect the construction of sales pressure from the highest of around 17,800 levels and purchases will likely emerge from the lowest position of 17,300

On the weekly graph, the index has formed a small bullish candle that carries a long upper shadow, shows resistance at a higher level. The index is moving above higher and higher the lower formation on the weekly graph, shows positive bias. Nifty continues to Stay in the trend up in the medium term, so the purchase at DIPS continues to be our choice strategy. For a week, we hope that Nifty will trade in the range of 18300-17400 with a mixed bias. Indicators , showing positive bias, “said Rajesh Palviya, VP – technical and derivative research on Axis effects.

In the Bank Nifty index, Rajesh Palviya from Axis Securities said, “On weekly graphs, the index has formed a large enough bullish candle to form low low, compared to the previous week which shows positive bias. The index moves above higher and the formation is more height on a weekly graph, showing positive bias. Bank Nifty is traded above 20, 50,100, and 200 days high school,

which is an important short-term transfer, which shows positive bias in the short to medium term. Bank Nifty continues to remain to remain In the upward trend in the short term, so buying at DIPS continues to be our choice strategy. For this week, we hope that Bank Nifty will trade in the range of 41000-38500 with a mixed bias. “He said that the indicator of the RSI weekly strength moved upwards and quoted in On the reference line, indicating positive bias.

Sharing Intraday Stocks for Today, Stock Market Expert – Mehul Kothari, AVP – Technical Research in Anand Rathi; Rajesh Bhosale, Technical Analyst at Angel One and Rajesh Palviya from Axis Securities – recommended 6 shares to be purchased today.