Nifty 50 Opened Flat And Closed With A Bullish Candle

Nifty 50 Opened Flat And Closed With A Bullish Candle

The Nifty 50 Index opened flat at 17,401 and closed at 17,525 on Monday, August 8, 2022 with a total gain of 127 points. However, this Indian stock market index closed with a bullish candle. Today’s market saw good short covering. The nearest support and resistance in the next trading session will be 17,380 and 17,717 respectively. 

The Nifty 50 Index is gaining crucial support at 17,500 and we can see good put writing at the same. The leading sectors were Nifty Metal (1.29%) and Nifty Private Bank (1.23%).

Nifty 50 Performance

To know better about the market you can check the video provided above that contains Nifty 50 option chain analysis data.

Top Gainers And Losers Today

The top Indian stocks that saw a bullish performance according to NSE are:

SL. NO.
STOCKS
LTP
CHNG
1
Mahindra & Mahindra Limited (NSE: M&M)
INR 1,275.60
3.21%
2
Coal India Limited (NSE: COALINDIA)
INR 215
3.14%
3
Bajaj Finserv Limited (NSE: BAJAJFINSV)
INR 15,528.50
2.93%
4
NTPC Limited (NSE: NTPC)
INR 159.90
2.76%
5
Hindalco Industries Limited (NSE: HINDALCO)
INR 421.60
2.63%

The Indian stocks that saw a bearish performance along with the Nifty 50 index are:

SL. NO.
STOCKS
LTP
CHNG
1
Bharat Petroleum Corporation Limited (NSE: BPCL)
INR 326.30
-3.00%
2
State Bank Of India (NSE: SBIN)
INR 520.10
-2.06%
3
Britannia Industries Limited (NSE: BRITANNIA)
INR 3,633.05
-1.49%
4
Ultratech Cement Limited (NSE: ULTRACEMCO)
INR 6,677.45
-1.44%
5
Hero Motocorp Limited (NSE: HEROMOTOCO)
INR 2,742
-1.04%

Ever since last week, the Nifty 50 had been witnessing a volatile market condition. The bears had been trying to pull down the market. Irrespective of this, the bulls pushed up heavily as the buyers were buying at every level. The market is closed tomorrow and will open the day after tomorrow. The data provided is completely dependent on both the World Market and World News.

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Sahil Patil

Investing decisions should be precise and correct as that involves huge sums of money. So if you have to consider a good investment advisor, then you can surely count on Sahil Patel. He has been in the investing business for the last 5 years and will surely help you in your investment decisions.

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