Lowest close since juin 12.

The marked showed a negative development jeudi, and Nifty 50 (NIFTY) ended the day at 23350 points, which is a decline of 0.7 percent. L'indice has not closed lower since juin 12. L'indice has thereby closed down 19 out of the past 25 days.

299 shares showed a gain and 1023 showed a loss. 4 shares were unchanged and closed at the same price as the previous day. There was no trading in 43 shares.

Total value of the trading volume for shares and primary capital certificates jeudi was approximately 890.4 billion.

State Bank of India (SBIN) closed down 2.8 percent to 781 rupee. L'action has not closed lower since octobre 7. L'action triggered a sell signal by the break down through the support at 786 rupee in formation tête-épaules. A further drop to 660 rupee within nine months is indicated.
Adani Ports and Special Economic Zone Li (ADANIPORTS) closed at 1115 rupee after posting a loss of 13.6 percent. The previous time l'action lost this much was juin 4, when it closed down 21.1 percent. The volume was also very high. At session end it was bought and sold shares for about 52307 million rupee in l'action, which equals 22 times mean daily turnover. Nor technically does it look good. L'action is trend wise negative in the medium term and a further decline is indicated.
Adani Enterprises Limited (ADANIENT) closed at 2184 rupee after a steep drop of 22.6 percent. L'action has never lost more in one day since février 2. 2023, when it was down 26.7 percent. L'action has thereby closed down seven out of the past nine days. The volume was also very high. At session end it was bought and sold shares for about 47596 million rupee in l'action, which equals 18 times mean daily turnover. Nor technically does it look good. L'action is trend wise negative in the medium term and a further decline is indicated.
Adani Power Limited (ADANIPOWER) developed negatively and fell 9.1 percent to a close of 476 rupee. L'action thereby broke the earlier bottom it set mars 20 and reached a new year-low. The volume was also very high. At session end it was bought and sold shares for about 19405 million rupee in l'action, which equals 13 times mean daily turnover. It does not look good technically either. L'action is trend wise negative in the medium term and a further decline is indicated.
Ambuja Cements Limited (AMBUJACEM) ended with a steep loss of 11.9 percent and closed at 484 rupee. L'action has never lost more in one day since juin 4, when it was down 17.0 percent. L'action has thereby closed down eight out of the past nine days. It was also very high volume. Overall it was traded for 18530 millions rupee in l'action, which is 17 times as much as normal daily turnover. It does not look good technically either. L'action is trend wise negative in the medium term and a further decline is indicated.
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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