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Stock Market Confirmed Bounce. Downtrend Still Possible

At the Start of new week the market also started their volatile session with the surprise gain of 100 point and after a few minute it shifted away from its morning gain trading down toward its narrow range but before making a new leg down the wave of correction was return at the time to end the market rebounded back to up to test 25653.23 Rising by 164 points while Nifty ended the session above its critical mark of 7850 with the gain of 45.85.

In today’s trade, the sentiment of investors was impacted by the reports of delay in monsoons, weak results posted by PSU banks and uptick in WPI However, the downside was further restricted by the buying in defensive shares turned market to closed green.

Intraday Stock Market 

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