The Nifty 50 index opened today at Rs 24,680.55, reaching a high of Rs 24,787.95 and dipping to a low of Rs 24,654.50 before closing at Rs 24,770.20. This reflects a gain of 71.35 points, or 0.29%, from the previous close.
Similarly, the Sensex opened at Rs 80,667.25, peaked at Rs 80,952.83, and saw a low of Rs 80,626.38. It closed at Rs 80,905.30, gaining 102.44 points, or 0.13%. Both indices exhibited bullish behavior, with the Nifty 50 nearing its resistance at Rs 25,078.75 and the Sensex approaching a similar resistance level at Rs 82,129.49, both levels acting as next targets.
Sensex: TradingView
Divi’s Laboratories
Ltd opened at Rs 4,736.00, reaching a high of Rs 4,963.35 and a low of Rs 4,734.95. This marks a significant gain of 174.85 points, or 3.70% from the previous close. The stock exhibited a bullish breakout today, with the price comfortably above the key level of Rs 4,800.00.The RSI is at 58 showing moderate buying pressure supporting the bullish trend. The next target level is at Rs 5,024.85 recent high, where you monitor for potential profit-taking or continued momentum.
Titan Company Ltd
Titan Company Ltd started trading today at Rs 3,474.90, reaching a high of Rs 3,582.00 and a low of Rs 3,454.55. This is an increase of 85.50 points or 2.46%, from the previous close. The stock broke out of a symmetrical triangle pattern, signaling potential for continued upward momentum. The RSI is currently at 65.91, indicating that the stock is nearing overbought conditions, but still has room for further gains. The next target for Titan is around Rs 3,625.40, with strong support observed at around Rs 3,500.00.
CIPLA Ltd began the day trading at Rs 1,565.65 and recorded an increase of 31.75 points or 2.03%. Technically, CIPLA Ltd continues to show strong bullish momentum as it follows an ascending trendline. The RSI is currently at 62 suggesting that the stock is not yet overbought, leaving potential for further gains. The MACD is in positive territory, indicating sustained bullish momentum. The immediate target for CIPLA lies at Rs 1,600.30 previous high which is likely to be breached.
GRASIM Industries Ltd
GRASIM Industries Ltd gained 48.15 points, or 1.83% compared to the previous close of Rs 2,640.05. The stock rebounded strongly from recent lows, forming a bullish engulfing pattern, which is a strong reversal signal. The RSI is at 53 indicating that the stock has more room for upward movement and with the next target at around Rs 2,877 and surpassing this could lead to further gains.
