TradeSavvy: Navigating market with success.

  9 August 2023 Today, ITC Ltd (ITC) opened at 452.35, closed at 458.65 with a daily high of 459.9 and a daily low of 446.9. The previous close was 452.35, resulting in a 1.39% delta today. The 52 week high is 499.7 and the 52 week low is 302.64. This indicates that ITC is currently in a bullish trend. Similarly, the Nifty 50 Index opened at 19578.8, closed at 19632.55 with a daily high of 19645.5 and a daily low of 19467.5. The previous close was 19570.85, resulting in a 0.32% delta today. The 52 week high is 19991.85 and the 52 week low is 16747.7, indicating that the Nifty 50 Index is also in a bullish trend. Do you think that NIFTY50 and ITC LTD will remain in bullish trend? Comment for more information on markets.

  The Nifty ended lower on August 1 as it failed to go past the psychologically important level of 19,800 for the second session amid lacklustre trade, with banking & financial services, auto, FMCG, and oil & gas stocks coming under selling pressure. After opening higher at 19,784, the index climbed to 19,796 but lost all the gains after the initial hour to remain range-bound for the rest of the session. The index closed 20 points lower at 19,734 and formed a bearish candlestick on the daily charts, but made higher highs and higher lows for the second consecutive day. If the index manages to close above 19,800 in the coming sessions, it can move to 19,865, with crucial support at 19,600-19,500, or the range-bound trend may continue, experts said. "A small negative candle was formed with a minor lower shadow. Technically, this pattern indicates lacklustre movement in the market at the hurdle of downsloping trendline around 19,800 levels," Nagaraj Shetti, technical rese...