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Market Watch as of 6 Falgun

  1 min 36 sec to read
Market Watch as of 6 Falgun
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CMP: 1,102.51

The pivot table for tomorrow (7th Falgun)

S3 S2 S1 P R1 R2 R3
1089.28 1095.46 1098.983 1105.16 1108.683 1114.86 1118.38

 

Turnover table:

Today’s (6th Falgun) volume        : Rs. 23.46  crores

Yesterdays (5th Falgun) volume  : Rs. 21.07 crores

Daily outlook:

Today the market has opened at 1109.72, made high of 1111.33, low of 1101.63 and closed at 1102.51. Turnovers throughout the day are Rs.23.46 corers and the last turnover was of Rs. 21.07 corers.  Today market remained negative throghout the day. Market has managed to raise volume but the index is going on decreasing which shows that market may be in bearish form. We can see that today’s pivot is lower than monthly and weekly pivot which are 1150.98 and 1139.34 respectively.

Conclusion:

  1. Market is in the bearish trend.
  2. Sellers are not ready to sell at lower price which is making the market to fall down more.
  3. If there are sellers for the stock then new investors have chances to enter the market.

Happy Trading……..!!!!!

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