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Trade Spotlight | What should you do with Force Motors, MRPL, Supriya Lifescience on Wednesday?

Force Motors has witnessed a sharp upmove from its trendline support. In the recent past, the pullback moves have resisted around its '200 EMA' (exponential moving average). Thus, we could see a continuation of this resistance towards this average which is now seen around Rs 1,157.

June 29, 2022 / 06:34 AM IST
  • bselive
  • nselive
Todays L/H

The market remained volatile and managed to gain strength in the last hour of trade on June 28. The benchmark indices ended largely flat as the Nifty50 rose 18 points to 15,850, and the BSE Sensex climbed 16 points to 53,177, backed by positive global cues.

The volatility continued to be on the higher side, may be ahead of monthly expiry on coming Thursday, which experts feel needs to fall and sustain below 20 mark for stability in the market going ahead. India VIX, which measures the expected volatility in the market, rose by 2.1 percent to 21.45 levels.

The trend was mixed in broader markets with the Nifty Midcap 100 index rising third of a percent and Smallcap 100 index falling third of a percent.

Auto, metal, IT, select FMCG stocks and Reliance Industries helped the market close higher, but the selling pressure in private banking & financial services restricted upside.