12 things to decide on Tuesday stock promotions






There were warning signs of a sale, and Dalal Street saw on Monday a new feud between the US and China over the emergence and treatment of the Covid pandemic, which threatened the snowball and accelerated financial markets.

Domestic stocks fell as a result of global market trends.

Further extension of the block and disappointing quarterly profit in March also affected the mood.

Banking and IT stocks lowered Sensex by 2,002 points to 31,715 points, while 50 Nifty shares fell 566 points to 9,293, noting the fifth decrease of more than 500 points in Calendar 2020. It was also the largest one-day decline. stock indices per month.

Analysts say tensions over the pandemic and bleak economic outlook are haunting investors, and the global news flow and comments on domestic revenues will set the market in motion from here.

“The increasing tension in the trade war between the US and China and the terrible economic news inside the country have intensified negative sentiment. Growth and fears that the economy and business will need more time to get back on track have affected markets, ”said Vinod Nair, head of research at Geojit Financial Services. Deepak Yasuni, head of retail research at HDFC Securities, technically said that Nifty sent a bearish signal to form Bearish Island's reversal pattern after rising. The next support worth paying attention to is 9.132.

Does this mean that the bearish movement will continue in the short term? Here's a look at what some of the key indicators offer for market action on Tuesday.

 1. US stocks are falling due to declining airlines

 US stocks opened lower Monday following mounting tensions between China and China during the coronavirus outbreak, while billionaire Warren Buffett's confession that he was quitting his airline shares hit major U.S. airlines. Dow Jones' industrial average fell by 142.14 points, or 0.60 percent, to open at 23,581.55. The S&P 500 opened lower with 15.70 points, or 0.55 percent, to 2,815.01. The Nasdaq Composite fell by 49.63 points or 0.5.

2. European equities start in a loud tone in May

 On Monday, European equities fell as investors returned to a new feud between the United States and China during the coronavirus crisis from the morning of May, causing a sharp decline in the cyclical sectors. The pan-European STOXX 600 index fell 2.3 percent earlier this month, after rising 6 percent in April. Shares in the eurozone fell by 3 percent.

3. Technical charts have bearish signals

 Nifty's daily chart was similar to the 'island turnaround' pattern, a formation that does not bode well for the bulls. By the end of Monday, the index eventually broke below its support of 9555, formed by an upward trend over the past five weeks. "If Nifty exceeds 9,260, it may retest the previous support area at 9,140, ​​9,100," said Rajesh Palvia of Axis Securities.
VIX peak signals volatility return
Nifty broke the uptrend on the daily chart. The RSI pulse generator also turned south and sees a negative intersection with its average. The VIX index rose sharply by 28.48% to a level of 43.67. The volatility index has shifted the sequence of lower highs and lows over the past five weeks, so we can see further pressure on the market with higher volatility.

 4.Stocks that show bullish bias

 The Momentum Divergence Moving Average Convergence (MACD) indicator showed bullish sentiment on Arihant Superstructures and Orbit Exports on Monday. MACD is known for signaling a trend change in traded securities or indices. This is the difference between the 26-day and 12-day exponential moving averages. In addition to the MACD, an exponential nine-day moving average, called the signal line, is constructed to represent “buy” or “sell”.

5.Cost of the most active shares

 RIL (3525.47 crore rupees), HUL (1784.46 crore rupees), Bharti Airtel (1780.02 crore rupees), Bank of Axis (1548.89 crore rupees), Bajaj Finance (1538.75 crore rupees), ICICI Bank (1335.64 crore rupees), HDFC Bank (Rs) 1244.08 crore, Aurobindo Pharma (1103.23 crores), HDFC (1059.45 crores) and SBI (1045.30 crores) were among the most active stocks on the street Dalal on Monday. Higher activity on a counter in value terms can help identify counters.

 6. Most active stocks by volume

 Vodafone Idea (traded shares: 44.48 crores), BHEL (traded shares: 14.55 crore), Tata Motors (traded shares: 9.10 crore), SBI (traded shares: 5.81 crores), IDFC First Bank ( traded shares: 4.37 crore, ICICI Bank (traded shares: 3.88 crores), Axis Bank (traded shares: 3.78 crores), Bharti Airtel (traded shares: 3.40 crore), Vedanta (traded shares: 3, 31 crores) and Ashok Leyland (traded shares: 3.29 crore) were among the most traded shares in.

7. “Have May Sales Begun”?

 Medium and small prices fell less than large ones on Monday. Sectoral indices for banking, metals, automobiles, and consumer durables were the worst lagging, while medical and telecommunications indices finished lower.

 8. Promotions that interest buyers

 AstraZeneca, Ruchi Soya Industries, Abbott India, and Torrent Power have seen strong market interest from buyers when they hit their new 52-week highs on Monday, indicating bullish sentiment.
Stocks that see selling pressure
JM Financial, Bank of Baroda, Aditya Birla Fashion, and Godrej Industries witnessed strong selling pressure during the session on Thursday, reaching their 52-week lows, indicating bearish sentiment on these counters.
9. The mood meter favors the bears

 Overall, market width continued to favor bears. As many as 61 shares with the BSE 500 index paid for the day in green, and 439 - paid in red.