{"id":501,"date":"2024-06-08T11:50:47","date_gmt":"2024-06-08T06:20:47","guid":{"rendered":"https:\/\/www.stockyfly.com\/blog\/?page_id=501"},"modified":"2024-06-08T11:53:39","modified_gmt":"2024-06-08T06:23:39","slug":"stock-market-weekly-digest","status":"publish","type":"page","link":"https:\/\/www.stockyfly.com\/blog\/stock-market-weekly-digest\/","title":{"rendered":"Stock Market Weekly Digest"},"content":{"rendered":"\n<p>This week was interesting and full of events including election result and RBI monetary policy outcome. Market have give strong bullish momentum from 5th jun and maintaining the pace so far. FMCG &amp; Defense sectors performed extremely well in past few days.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market View<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"345\" src=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4-1024x345.png\" alt=\"\" class=\"wp-image-503\" srcset=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4-1024x345.png 1024w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4-300x101.png 300w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4-768x258.png 768w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4-1536x517.png 1536w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-4.png 1575w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Nifty for now towards new all time high and OI data indicating 23000 &#8211; 23500 as crucial for now. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"378\" src=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-5-1024x378.png\" alt=\"\" class=\"wp-image-505\" srcset=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-5-1024x378.png 1024w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-5-300x111.png 300w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-5-768x284.png 768w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-5.png 1229w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>FII and DII data are also quite interesting specially for 7th Jun. FII remain as net buyers yesterday.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"371\" src=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-6-1024x371.png\" alt=\"\" class=\"wp-image-507\" srcset=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-6-1024x371.png 1024w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-6-300x109.png 300w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-6-768x278.png 768w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-6.png 1111w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Here are a list of scanned stocks for investors from Stockyfly Stock Scanner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Swing Picks:<\/h2>\n\n\n\n<p>IT stocks giving  upside swings from lower level. Here are a list of preferred IT stocks.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"754\" height=\"562\" src=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-7.png\" alt=\"NIFTY IT INDEX\" class=\"wp-image-511\" srcset=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-7.png 754w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-7-300x224.png 300w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/><\/figure>\n\n\n\n<p>NIFTY IT index is illustrated above.<\/p>\n\n\n\n<p><strong>INFY <\/strong>LTP: 1533<br><strong>TECHM  <\/strong>LTP: 1577<br><strong>WIPRO <\/strong>LTP: 484.55<br><strong>TCS <\/strong>LTP: 3893.95<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fresh Breakouts and Attempting Breakout<\/h2>\n\n\n\n<p>Here are few preferred list of stocks which gave fresh breakouts.<\/p>\n\n\n\n<p><strong>JYOTICNC <\/strong>LTP 1063.15 (Breakout)<br><strong>SUPREMEPWR <\/strong>LTP: 247.65 (Breakout)<br><strong>ARROWGREEN <\/strong>LTP: 604.90 (attempting Breakout\/near breakout level)<br><strong>BIKAJI <\/strong>LTP: 691.65  (Breakout)<br><strong>SWARAJENG <\/strong>LTP: 2519 (attempting breakout)<br><strong>RUSTOMJEE <\/strong>LTP: 705 (attempting breakout\/near breakout level)<br><strong>ERIS <\/strong>LTP: 994.45  (Breakout)<br><strong>RACE  <\/strong>LTP: 382  (attempting breakout\/near breakout level)<br><strong>ASALCBR <\/strong>LTP: 642.50 (attempting breakout\/near breakout level)<br><strong>TEGA <\/strong>LTP: 1597.95 (attempting breakout\/near breakout level)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stocks to watch\/Value Picks<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Here are few stocks that we found may show good move in upcoming days.<\/p>\n\n\n\n<p><strong>PRAJIND <\/strong>LTP: 590.40 have taken support near 450 level and now moving towards previous all time high. Showing good level of strength technically.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"560\" src=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-8-1024x560.png\" alt=\"\" class=\"wp-image-516\" srcset=\"https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-8-1024x560.png 1024w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-8-300x164.png 300w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-8-768x420.png 768w, https:\/\/www.stockyfly.com\/blog\/wp-content\/uploads\/2024\/06\/image-8.png 1162w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>(PRAJIND daily time frame illustrating previous resistance acting as new support)<\/em><\/p>\n\n\n\n<p>.<\/p>\n\n\n\n<p><strong>ZOTA <\/strong>LTP: 504.75 Now consolidating above support level 440. Bullish sentiment in the market may lead this stock for a good breakout in upcoming days.<\/p>\n\n\n\n<p><strong>BSOFT <\/strong>LTP: 678.15 took support from previous resistance 566 which is now acting as a strong support. As this sector started performing a swing up move, so considering the sentiment, this stock may perform well in upcoming days.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stock to watch for upcoming days<\/h2>\n\n\n\n<p> <\/p>\n\n\n\n<p><strong>INDIAGLYCO<\/strong> LTP: 870 trying to form an Inverse Head &amp; Shoulder pattern on daily chart.   <br><strong>DODLA <\/strong>LTP: 974.90  strong accumulation at current level. <br><strong>BALRAMCHIN <\/strong>LTP: 400.40 Sugar sector recently gave good correction. Further bullish sentiment may raise good upside swing in this sector.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong><\/p>\n\n\n\n<p>Stocks mention in this article are from stockyfly scanner. Self analysis and investment under proper guidance is highly recommended. Please refer the risk associated in investment and trading <a href=\"https:\/\/www.stockyfly.com\/terms\" data-type=\"link\" data-id=\"https:\/\/www.stockyfly.com\/terms\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week was interesting and full of events including election result and RBI monetary policy outcome. Market have give strong [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":502,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-501","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/pages\/501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":0,"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/pages\/501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/media\/502"}],"wp:attachment":[{"href":"https:\/\/www.stockyfly.com\/blog\/wp-json\/wp\/v2\/media?parent=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}