Indian Stock Market News Today: Strong Buy Options To Watch
Latest Indian Stock Market News Today: Nifty 50 is gaining today for the second consecutive day. This Indian stock market index was up by 1.35% and traded at 17,860.55 (increasing by 238.30 points) at the time of writing on Tuesday, September 20, 2022.
Last week was miserable for Nifty 50 as it slumped from above the 18,000 mark to about 17,500. However, the good news is that it is rebounding immensely in the currency week. In addition, another notable thing is that 49 out of 50 stocks listed on it are advancing today. On the other hand, Sensex India saw a gain of 1.27% as it traded at 59,893.28 (up by 752.05 points) at press time.
Indian Stock Market News Today: TradingView’s Top 3 ‘Strong Buy’ Nifty Components
If you are wondering which Indian stocks to watch today then refer to the list below as it contains the top 3 stocks that are a ‘Strong Buy’ currently.
1. Axis Bank
Axis Bank (NSE: AXISBANK) saw its stock rise by 1.87% and trade at ₹813.05 (up by 14.95 points) at the time of drafting this article in the trading session today. The total trade volume was 30,79,889, which was worth ₹24,990.53 lakh. The technical analysis ‘Summary’ meter by TradingView suggested that it is a ‘Strong Buy’ today with 16 indicators pointing toward a buy action, and 10 indicating a ‘neutral’ or ‘hold’ action. Moreover, not even a single metric suggested a ‘sell’.
The Moving Averages meter suggested a ‘Strong Buy’ as well whereas the Oscillator showed a ‘Buy’. The MA meter saw 14 metrics to suggest a ‘buy’ and 1 to be ‘neutral’, while none of them indicated a ‘sell’. The 50-day EMA was 746.40, at the time of reporting, the AXISBANK stock was trading fairly above this level. This means that it was experiencing an uptrend.
2. Bajaj Finance Ltd
Bajaj Finance Ltd (NSE: BAJFINANCE) saw its share prices rise by 2.04% and trade at ₹7,648.75 (up by 152.65 points) at the time of writing in the trading session today. The total trade volume was 7,01,023, which was worth ₹53,498.85 lakh. The technical analysis meters had the same recommendations just like the previous stock on the list, 16 on the Summary wheel suggested a ‘buy’ while 10 indicated a ‘hold’.
The MA meter had 14 indicators on the ‘buy’ side as it suggested a ‘Strong Buy’ as well. However, the Oscillator meter again stopped at a ‘Buy’ with 2 indices supporting that and 9 of them suggested a ‘hold’. The 50-day EMA was 6975.98, at the time of reporting, the BAJFINANCE stock was considerably above this level. This means that it was witnessing an uptrend.
3. Maruti Suzuki India Ltd
Maruti Suzuki India Ltd (NSE: MARUTI) saw its stock hike by 1.09% and trade at ₹9,382.35 (up by 101.50 points) at the time of writing in the trading session today. The total trade volume was 2,98,630, which was worth ₹28,028.58 lakh. The number of indices and trading actions remained the same for this Indian stock market constituent as well. The 50-day EMA was 8791.75 and the MARUTI stock was trading significantly higher than that, suggesting an uptrend.
It is yet to be seen if the Nifty 50 index and Sensex India can keep their gaining momentum going. But for now, you can surely watch these three stocks according to the Indian stock market news today. You can check whether they can meet up to your hopes as an investor or watcher.