As the global economy slows down, the market will keep an eye on the results of companies as the monsoon progresses this week.

 Exports are likely to be affected as the global economy slows. However, despite all these negative factors, the market is surviving on the back of relentless buying by local funds as well as investors. Moreover, our economy is in a better position compared to the global economy. As the April-June quarter results season begins last week with a positive monsoon factor, the Indian stock market will keep an eye on FII moves and crude and currency markets in addition to the financial results of several companies in the coming days.

In June, foreign investors sold net worth an estimated Rs 58,112 crore. This is the largest sell-off since Rs 65,817 crore was sold in March 2020 and the rupee is depreciating against the dollar. The rupee also broke a key level of 79 last week.On the other hand, the import bill, including crude oil, is rising, which is having an impact on the Indian economy.

Investment-oriented stock for investors

IndusInd Bank (851): The share price of this leading company of the private bank group is currently around Rs.828. The stock, which can be bought with a stop loss of Rs 808, is likely to fetch a price of Rs 868 to Rs 874 in the short term. Bullish focus on Rs 880

Orbindo Pharma (547) : Positive breakout arounOrbindo Pharma (547): Positive breakout around Rs.533 as per technical chart. The stock, which can be bought with support at Rs 525, is likely to fetch a price of Rs 564 to Rs 570.

Jindal Steel & Power (345): With the first support of Rs. 323 and the second support of Rs.

Colte-Patil Developers (239): The stock in the residential, commercial projects sector has a short-term trading potential of Rs 253 to Rs 260. Take a non-stop look at Rs 227.

India currently has a forex reserve of 59 593.30

billion. Forex reserves fell by .20 49.20 billion from an all-time high of 64 642.50 billion on September 3, 2021. Debt settlement is estimated at 43% of the forex reserves. Many corporates have started a movement to get new credit, while some have retained income in dollars to pay off debts. However, the outflow of such huge funds in a short span of nine months could put pressure on the rupee.

Nifty Future Technical Level

Nifty Futures Closed (16233): The next fluctuation potential Nifty Future is likely to touch the first of 16006 points and the most important Strong Stop Loss of 15808 points from 16303 points to 16373 points, 16404 points. Carefully position around 16404 points.

Raise your earning with ideal stock to raising your funds click here and get best offers.<<<<<Best stock tips.