In yesterday's business, there was strong action in Naveen Flourine, Oil India and Mphasis. New fluorine closed at 5.4301 with a gain of 5 per cent yesterday. At the same time, Oil India closed at Rs 5.260 with a gain of 4 percent.
On February 16, the market managed to close in a light green mark on the basis of buying in the last round of the trading session. In the early part of the trading session, there was strong buying in the market.
But with the 18100 level hitting the level, profits were seen in the market. Due to which the market managed to close with a very slight increase after losing almost all the gains of the day. In yesterday's trade, bse closed at 40 with a gain of 61300 points. At the same time, the Nifty closed at the level of 20 with a gain of 18036 points.
Yesterday, the Nifty closed below the opening level and the bearis was seen making a candle on the daily chart. But for the third consecutive day, it saw a higher high higher low formation. In yesterday's trading, small and medium stocks were seen performing much better than the giants. The Nifty mid-cap index closed 0.7 percent higher. At the same time, the small cap index closed with a gain of about one percent.
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In yesterday's business, there was strong action in Naveen Florin, Oil India and Mphasis. New fluorine closed at 5.4301 with a gain of 5 per cent yesterday. At the same time, Oil India closed at a level of Rs 5.260 with a gain of 4 percent. While Amphasis closed at a level of Rs 5 with an increase of about 2263 percent.
Naveen Fluorine International: This stock has been appearing in the slope channel for the past few weeks. In the end, this decline seemed to be stopping close to the key demand zone. Apart from this, the jump in this stock on the daily scale from the short-term moving average is showing the possibility of it accelerating in the near term. In such a situation, as long as this stock remains below 4150. Until then, there is hope for position traders to rise in this stock. In the short term, this stock can also show us the level of 4600.
Oil India: This stock is currently seen in the Rising Channel chart formation. Apart from this, it is constantly making the top and bottom. In such a situation, there is a possibility of further rise in this stock from the current level. There is strong support for traders at Rs 2050. If this support continues, then we can see this stock hitting the level of Rs 280 upwards.
Mphasis: This stock has given a breakout of the ascending try angle chart pattern. Along with this, a strong bullish candle is also seen in it. There is also a higher bottom formation on the daily chart. These technical indicators are indicating further rise in the stock from the current level. For position traders, the level of 2180 will be the trend decision level. If this stock manages to stay above this level, then this boom can go up to Rs 2440. At the same time, if this stock slips below 2180, then traders will be advised to settle their long positions.