Raja Venkatraman recommends three stocks for 8 October
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Raja Venkatraman shared his market outlook for 8 October as stocks showed mixed results.
- ✓Kotak Bank and Bharti Airtel performed well, while Titan and Adani Enterprises fell.
- ✓The rupee weakened to ₹96.77 per dollar.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Kotak Bank, Bharti Airtel, ICICI Bank, HDFC Life, and Coal India were among the top performers, whereas Titan, Hindalco, JSW Steel, and Adani Enterprises dragged. The rupee weakened to ₹96.77 per dollar, its lowest in five months, while Brent crude hovered above $101 per barrel, adding inflationary pressure.
Outlook for trading
The tension is the air as markets fail to revive. The constant gyrations that we are witnessing in Nifty is taking its toll on the market. While its easier said than done, the challenge that we are witnessing is that the consolidation phase. A look at the charts below we can see that the play of resistance continues to hold its weight over the trends in the last few sessions as we near the very important force that will contain the upmove. The resistance and support zones over the last few days have been playing a crucial role in holding back any reaction.
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