Trade Spotlight | What should you do with NALCO, Indiabulls Real Estate, Apollo Hospitals, Metropolis today?

Trade Spotlight | What should you do with NALCO, Indiabulls Real Estate, Apollo Hospitals, Metropolis today?

Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.







Sunil Shankar Matkar









February 23, 2022 / 08:32 AM IST





Bears tightened their grip over Dalal Street with the benchmark indices falling seven-tenth of a percent as the rising Ukraine-Russia tensions and further spike in oil prices weighed on the market sentiment.

The BSE Sensex fell 383 points to 57,301, and the Nifty50 declined 115 points to 17,092.

All sectoral indices closed in the red with IT, FMCG, and Metal being the top losers, falling 1 percent each. The broader markets, too, were under pressure with the Nifty Midcap 100 and Smallcap 100 indices declining 1 percent and 2 percent.

Stocks that were in focus include NALCO, Apollo Hospitals Enterprises and Metropolis Healthcare which were the second, third and fourth biggest gainers respectively, in the futures and options segment. NALCO gained 3.5 percent to close at Rs 115.50 after falling nearly 9 percent in previous four consecutive sessions.

Apollo Hospitals Enterprises corrected 5 percent in previous four straight sessions, before closing the session on Tuesday