Technical Analysis and Solution on Equity

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The market has opened higher on Wednesday as the Sensex is up 109.45 points or 0.4 percent at 24595.40. The Nifty is up 38.25 points or 0.5 percent at 7474.40. About 504 shares have advanced, 124 shares declined, and 29 shares are unchanged. Tata Motors, Sun Pharma, Axis Bank, Maruti and Bajaj Auto are top gainers in the Sensex. Among losers are GAIL and TCS.

Selling pressure was visible in banking, metal, oil & gas, capital goods and FMCG stocks. On the other hand, some amount of buying was seen in power, realty and healthcare stocks.Mid-cap stocks were also facing selling pressure. The BSE mid-cap index fell 0.08 per cent.