These stocks including SBI and ONGC may see a rise today, know which stocks are under selling pressure.

Share Market Heavy profit booking was seen in the share market on Wednesday. The Sensex fell 1.30 per cent or 930 points to close at 70,506 on Wednesday. At the same time, NSE Nifty closed at 21,150 with a huge fall of 1.41 percent or 302 points. Investors booked profits amid concerns over market valuations and overbought signals. Big falls were also recorded in Nifty Midcap and Nifty Smallcap indices. Let us know which shares can be trending in the market today on Thursday.

Charts are showing rise in these stocks

The stocks for which Momentum Indicator Moving Average Convergence Divergence i.e. MACD is giving bullish signals include Crompton Greaves, Cipla, HUL, Whirlpool India, Torrent Pharma and Krishna Institute of Medical Sciences. When the MACD crosses the signal line, it gives a bullish signal. These shares may see further rise in future also.

Charts are showing recession in these stocks

Momentum indicator Moving Average Convergence Divergence i.e. MACD has shown bearish signals in the shares of Bajaj Holdings, Hero MotoCorp, Macrotech Developers, United Breweries, Axis Bank and Relaxo Footwear. This signal from MACD shows that these stocks have started falling.

These shares crossed 52 week high level

Buying by investors is usually seen in stocks which cross their 52-week high. These shares are ONGC, Tata Consumer Products, UltraTech Cement, LTIMindtree, Nestle India, Bajaj Finserv and SBI. Good buying may be seen in these shares in the upcoming sessions.

Which stocks recorded 52 week low?

Selling pressure is usually seen in stocks which register a 52-week low. However, no major stock has recorded a 52-week low.

(This is just information. It is not an investment advice. Investing in the stock market is risky. Consult your investment advisor before investing money in the market.)