Market Watch of February 20

  2 min 2 sec to read

 

Current Market Price (CMP): 1,112.23

The pivot table for tomorrow (9th Falgun):

S3

S2

S1

P

R1

R2

R3

1089.66

 

1,100.86

 

1106.543

 

1117.737

1123.423

 

1,134.62

 

1140.30

 

 

CMP for today is 1,112.23 which is lower than daily pivot which is also lower than weekly and the monthly pivot which are 1150.98 and 1139.34 respectively which shows that Market is in Red zone.

 

OHLC update of today:

O: 1,124.96

H: 1,128.93

L: 1,112.05

C: 1,112.23

 

Turnover table:

Today’s (8th Falgun): Rs. 16.62 Crores 

Yesterday’s (7th Falgun): Rs. 21.46  Crores

 

Conclusion:

  1. 1. Today market has dropped in volume as well as in index.
  2. 2. It seems like market is looking for saturation currently so wait and watch for next week.
  3. 3. Market is not ready to sell at lower price.
  4. 4. If some sellers are ready to sell then there is always space for new investors.

Happy trading …………….!!!!!!!!

 

 

 

 

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