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Trade Setup for January 31: Investors will keep an eye on shares of these companies – Trade Setup for January 31 these companies will be in focus in focus in stock market

There was a lot of ups and downs in the stock market on the month of monthly expiry, but it was successful in maintaining the lead for the third consecutive day. The market was in a rapid trend after positive start on 30 January. However, there was a slight ups and downs in the afternoon, but finally the market closed with an edge.

The market is now focused on the European Central Bank (ECB), which announced a 0.25 % cut in the interest rate on 30 January to promote the Euro Zone economy. ECB has cut interest rate for the fifth time since June.

Shares like Bank of Baroda, L&T, Biocon and Jindal Steel & Power will also be eyeing the market on 31 January. Apart from this, investors are eyeing Vedanta, Sun Pharma, ONGC, Nestle, India, Bandhan Bank, LIC, Housing Finance, IndusInd Bank, Cholamandalam Investment and Finance and Finance, Einox Wind, Einox Green Energy, Punjab National Bank, EPAC DURABAB etc. Will be on shares of

What indicates the Nifty 50 chart?

Nagraj Shetty of HDFC Securities believes that there are indications of going over the index from market activity. The Nifty 50 is now present at the resistance level of 23,350-23,450 after the recent 23,000-23,100-level barriers have crossed the barrier. Shetty said that the short -term trend of the Nifty is positive. He said, ‘The current market action is indicating that there is a trend of boom at the important resistance level. The upward breakout at a level of 23,350-23,450 can lead to sharp short covering and the market shopping may also increase. Imidiet support is present around the level of 23,100.

The metaphor day of LKP Securities is getting support at a level of 23,500 and the index can roll towards 23,000 when going below this level. On the other hand, a decisive lead may move towards 23,500 towards 23,300 above 23,300.

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